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  • MUMBAI, March 23- India's finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to heads of lenders seen by Reuters on Thursday. The cash would be deposited with the Reserve Bank of India, and revives a proposal issued by the central bank in 2014 as...

  • WASHINGTON— One would-be White House employee has been prevented from starting work because of a deal with China, while another White House employee has been with President Donald Trump from Day One, even though he holds stock in a Chinese bank. The White House says hedge fund manager Anthony Scaramucci's deal was far more complicated than economic adviser...

  • March 23- IG Group Holdings Plc, a British online trading company, reported a 3.8 percent fall in quarterly revenue as it earned less per client, especially in the United Kingdom and Ireland. The company, which provides online stockbroking and trading services to retail investors, said revenue fell to 117.4 million pounds for the three months ended Feb. 28, from 122...

  • SHANGHAI, March 23- China stocks ended slightly higher on Thursday, despite a slump in Shanghai B shares amid worries over tight liquidity and stepped-up regulation. Shares traded in Shanghai and Shenzhen exchanges in foreign currency are B shares, while A shares are those denominated in yuan. "The sharp drop in the Shanghai B-share market, is mainly due to...

  • TOKYO— Most Asian benchmarks were higher Thursday after Wall Street steadied overnight. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether for the capacity of the administration of President Donald Trump to deliver on campaign promises for tax and regulatory reform. KEEPING SCORE: Japan's Nikkei 225...

  • SEOUL, March 23- Recent moves by China to restrain South Korean businesses, seen as retaliation for the deployment of a U.S. anti-missile system, will be negative for South Korea's economy, the head of the central bank said on Thursday. China is South Korea's largest trading partner and the dispute over the Terminal High Altitude Area Defense anti-missile system...

  • BEIJING— A spokesman for China's commerce ministry confirmed Thursday his government has banned imports of Brazilian beef. Brazil's agriculture minister said earlier China suspended imports after investigators accused Brazilian inspectors of taking bribes to overlook expired meat and chemicals. Other governments including the European Union, Japan...

  • SEOUL, March 23- South Korea's central bank governor said on Thursday the fresh bailout plan for Daewoo Shipbuilding& Marine Engineering Co Ltd was "inevitable" when considering the consequences of letting the company go under. "There are many varying opinions, but when we look at the economic loss that could occur as a result of the company going bankrupt, there is...

  • TOKYO, March 23- Singapore- based fund Effissimo, established by former colleagues of Japan's most famous activist investor, Yoshiaki Murakami, has become the largest shareholder in Toshiba Corp with an 8.14 percent stake, a regulatory filing showed on Thursday. Effissimo Capital Management is closely watched in Japan because of its passing connection with...

  • HANOI, Vietnam— Vietnam and Singapore have signed several business agreements as the island state seeks to boost investment and trade with the communist country during a visit by Prime Minister Lee Hsien Loong. "With more intensive business links and with more tourism between both sides, travel between Vietnam and Singapore has increased substantially," Lee...

  • *Asia higher but markets edgy about U.S. growth prospects. European markets are poised for a stronger start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 to open 0.1 percent higher, Germany's DAX to be up 0.4 percent and France's CAC 40 to begin the day 0.2 percent higher. Having weakened as much as 0.4 percent a day earlier, sterling was...

  • SEOUL, March 23- Three of Asia's top buyers of liquefied natural gas have agreed to work together to secure more flexible contracts when buying the commodity. Korea Gas Corp said in a statement on Thursday that it had signed a memorandum of understanding in mid-March with Japan's JERA and China National Offshore Oil Corp to exchange information and "cooperate...

  • NEW YORK/ HONG KONG, March 23- Global index provider MSCI Inc is seeking feedback from market participants on whether to add Chinese shares to a widely tracked index, a move which could trigger billions of dollars in capital inflows into mainland stocks and ease pressure on its yuan currency. China has removed quota limits on its landmark stock connect programs...

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • TOKYO, March 23- The Nikkei share average edged up on Thursday, crawling back from a 1-1/ 2- month low, as support from a weaker yen helped offset a political scandal centered on the wife of Japan's prime minister. The principal of a Japanese nationalist school said in testimony to parliament on Thursday that he received a donation of 1 million yen from the prime...

  • *Taiwan faces challenges from U.S., China- cbank chief. TAIPEI, March 23- Taiwan announced a T $882.4 billion stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China. In a bid to make the economy more balanced, Taiwan's government is looking for domestic growth...

  • TOKYO, March 23- Japanese government bonds were supported on Thursday by the firmness in U.S. bonds and waning expectations that the Bank of Japan could raise its bond yield target later this year. The benchmark 10- year JGB futures rose 0.06 point to 150.48, while the yield on the benchmark 10- year cash JGBs stood flat at 0.055 percent. U.S. bond yields hit a...

  • *State banks prepare 2.9 trillion won bailout plan for Daewoo. SEOUL, March 23- South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding& Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Without the infusion of funds, Daewoo is not expected to be able...

  • *SHANGHAI COPPER: Shanghai Futures Exchange copper rose 0.6 percent to 47,180 yuan a tonne. Zinc premiums fell $10 to $105- $115, the lowest since August 2015, while Shanghai copper premiums have fallen to around $45, traders and analysts said, the lowest in around a year. *SHANGHAI STOCKS: Shanghai bonded copper stocks are about 620,000 tonnes, according to CRU, up...

  • Spot iron ore fell to $84.99 a tonne on Wednesday, down 10.4 percent since its peak this year of $94.86, reached on Feb. 21, although it is still up 7.7 percent so far this year. The most-actively traded iron ore futures contract on the Dalian Commodity Exchange fell to 677.5 yuan a tonne on Wednesday, a drop of 6.9 percent since its peak so far this year of 727.5 yuan on...