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  • BANGKOK, Aug 28- Thai factory output fell less than expected in July on strong growth in the auto sector, but a fifth month of persistently weak production will be a challenge for the new economic team tasked with revitalising Thailand's economy. With exports and domestic demand sluggish, Southeast Asia's second-largest economy has failed to emerge from a...

  • The law approved by a vote of 230-1 in the House of Councillors is intended to promote greater gender equality and counter labor shortages that are arising as Japan's population ages and declines. Japan now lags most other industrial countries in this respect. The new law, effective for the coming 10 years, applies to companies with 300 employees or more, a...

  • LONDON, Aug 28- German bond yields wavered on Friday, with investors waiting for data that could demonstrate the drag of low commodity prices on inflation and reluctant to get overly excited about a 10 percent surge in oil. The bloc's powerhouse economy Germany will publish inflation data for August at 1200 GMT, with readings from various regions during the...

  • *Dollar supported by robust U.S. LONDON, Aug 28- The dollar held steady against a basket of major currencies on Friday as a sense of calm returned to financial markets, capping off a tumultuous week when the greenback hit seven-month lows against the euro and the yen. It last stood at 121.05 yen.

  • *Financing more common in China for foreign and luxury brands. BEIJING, Aug 28- When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Volkswagen Finance Co Ltd is...

  • SHANGHAI, Aug 28- China stocks surged on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 4.3 percent, to 3,342.29 points, while the Shanghai Composite Index gained 4.9 percent to 3,232.35...

  • *Asia stocks rise on Wall Street surge, upbeat U.S. data. Financial spreadbetters expected Britain's FTSE 100 to open around 8 points, or 0.1 percent, higher, Germany's DAX to open up around 13 points, or 0.1 percent, and France's CAC 40 to start the day about 8 points, or 0.2 percent, higher. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.2 percent.

  • HONG KONG— Asian stocks rose Friday as upbeat U.S. economic data lifted investors' spirits following days of stomach-churning turbulence sparked by a heavy sell-off in China. Japan led regional gains, but Shanghai shares were not far behind as markets took their lead from Wall Street, where benchmarks had a strong finish after a government report showed that...

  • BEIJING/ SHANGHAI, Aug 28- Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and...

  • TOKYO, Aug 28- Japanese stocks extended a rally on Friday as investors took heart from strong U.S. economic data and further gains on Wall Street, with strength in Chinese markets further helping to calm frayed nerves. Mitsubishi Corp. gained 6.2 percent and Nippon Steel and Sumitomo Metal climbed 7.6 percent while Toho Zinc gained 7.1 percent.

  • SEOUL, Aug 28- Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. October Brent crude was up 69 cents at $48.25 per barrel as of 0615 GMT. U.S. crude was 65 cents higher at $43.21 per barrel, after ending up $3.96 at $42.56 per barrel.

  • LONDON, Aug 28- Bwin.Party, the online gambling firm at the centre of a bidding war between rivals 888 and GVC Holdings, posted a 2 percent rise in first-half earnings on Friday. Bwin said on Friday cost savings had helped lift adjusted core earnings for the six months to June 30 to 47.3 million euros, slightly ahead of analyst forecasts of 45.4 million euros, adding...

  • TOKYO— The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan's. Japan released data Friday showing its economy has yet to escape the doldrums more than two years after Prime Minister Shinzo...

  • It will also remain instantly recognizable with its blue-and-gold Goodyear logo emblazoned across the side. But that's OK, too, because from the ground it won't look much different from Goodyear's Spirit of America, which was deflated and disassembled earlier this month after a farewell flight across California. It's a semi-rigid dirigible, " Goodyear's...

  • ZURICH, Aug 28- Switzerland's economy unexpectedly grew in the second quarter to avoid a first recession since 2009, indicating the impact from the central bank's removal of a currency cap has been less severe than first feared. The poll had forecast the $690 billion Swiss economy had shrunk 0.1 percent in the second quarter. Switzerland's currency soared...

  • *Simple barcodes provide too little information. BERLIN, Aug 28- Growing demand for more information about the products we buy could mean the end of the simple barcode- the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day. First used on a pack of Wrigley's Juicy Fruit chewing gum in 1974 in a store in Ohio,...

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • HONG KONG, Aug 28- China is trying to push its two biggest aluminium businesses together as part of a planned shake-up of state-owned enterprises, industry sources said, a move that would create the world's largest aluminium maker. Power company State Power Investment Corp is in talks to hive off its aluminium assets to Aluminum Corp of China, allowing SPI to...

  • Lester Ross, vice chairman of The American Chamber of Commerce in China, said Chinese consumers needed more choice in services, which would in turn provide more stability as plunging stock markets have exacerbated worries about China's economy. "China is actually depriving its citizens of the best available advice, the best available services," Ross told...

  • BEIJING, Aug 28- China's local pension funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, senior government officials said on Friday, in a bid to boost the investment returns of such funds. China said last weekend that it would let pension funds under local government units to invest in the stock market for the first time, a...