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  • KEEPING SCORE: Japan's benchmark Nikkei 225 index edged up 0.1 percent to 20,126.57 and South Korea's Kospi added 0.3 percent to 2,376.59. Hong Kong's Hang Seng was practically unchanged at 25,684.83 but the Shanghai Composite in mainland China lost 0.6 percent to 3,128.49. Benchmark U.S. crude rose 18 cents to $42.92 a barrel in electronic trading on the New...

  • *Analysts doubt OPEC's ability to tighten the market. *Rising U.S. output undermines OPEC- led efforts to cut. The weak markets are a result of doubts over OPEC's ability to rein in a fuel supply overhang that has dogged markets since 2014 as production has largely outpaced consumption.

  • Financial spreadbetter CMC Markets sees European markets opening modestly weaker, with Britain's FTSE 100, Germany's DAX and France's CAC 40 all seen shedding points in early trade. MSCI's broadest index of Asia-Pacific shares outside Japan was nearly unchanged on the day, and was up 0.4 percent for the week. "Investors have no incentives today to take new...

  • SHANGHAI, June 23- China stocks slipped on Friday morning, erasing earlier gains, with sentiment hurt by a tumble in internet shares after Beijing tightened the noose around online content. For the week, however, China blue chips are still on course to post solid gains, cheered by index publisher MSCI's decision to include mainland shares to its emerging market...

  • KUALA LUMPUR, Malaysia— The Chinese owner of Sweden's Volvo Cars will inject $40 million into Malaysia's Proton as part of its purchase of a key stake in the automaker, an executive of the Malaysian company said Friday. Geely will bring its Boyue SUV platform, estimated to cost 290 million ringgit to Malaysia as part of its acquisition, DRB-HICOM group managing...

  • "Risk aversion is on the rise, mainly due to what's happening in the Middle East and also the news about China cracking down on some loans made overseas last year," said Richard Xu, a fund manager at China's biggest gold exchange-traded fund, HuaAn Gold. China's banking regulator has ordered a group of lenders to assess their exposure to offshore acquisitions by a...

  • ConocoPhillips says that sensors scattered across its well fields helped it halve the time it once took to drill new wells in Eagle Ford shale basin of South Texas. By comparing data from hundreds of sensors, its program automatically adjusts the weight placed on a drill bit and its speed, accelerating the extraction of oil, said Matt Fox, ConocoPhillips'...

  • SHANGHAI, June 23- China's yuan softened against the U.S. dollar on Friday and is set for its worst week in more than three months, dampened by weaker guidance and rising corporate demand for the greenback. The People's Bank of China set the midpoint rate at 6.8238 per dollar prior to market open, the weakest since May 31, softer than the previous fix 6.8197.

  • COLUMBUS, Ohio— Governors in several states that opted to expand Medicaid under former President Barack Obama's health care law are wary of the Senate Republican plan to end the added federal funding for it within seven years. The proposal released Thursday calls for a slower phase-out of the Medicaid expansion than a bill adopted earlier by the House.

  • TOKYO, June 23- Japanese government bond prices dipped across the board on Friday, with days of flattening in the yield curve partially reversed following weak results at the Bank of Japan's regular debt-buying operation. The five-year yield was up half a basis point at a six-month high of minus 0.070 percent. The BOJ on Friday offered to buy 100 billion yen of...

  • *Indonesia has ambitious plans to overhaul port network. JAKARTA, June 23- With its towering new cranes and wharves that can handle some of the world's biggest ships, Indonesia's main international port has been shaking off its reputation for inefficiency and congestion with a $2.5 billion upgrade. President Joko Widodo wants Indonesia to become a "global...

  • The move prompted a sell-off in the U.S.-traded shares of Sina Corp. and its microblog service, Sina Weibo. Thursday's announcement adds to efforts by President Xi Jinping's government to tighten media control ahead of a Communist Party congress late this year. Video streamed by users of Sina Weibo, AcFun and Phoenix New Media's ifeng.com contained "negative...

  • BEIJING/ DETROIT, June 22- Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. The company did not...

  • *Anxiety that India has lost diplomatic ground. *India pushing to buy surveillance drones from U.S. Trump met Chinese President Xi Jinping in April and has also had face time with the leaders of nations including Japan, Britain and Vietnam since taking office in January, prompting anxiety in New Delhi that India is no longer a priority in Washington.

  • MEXICO CITY, June 22- Mexico's central bank board made a divided decision to raise interest rates on Thursday and policymakers suggested that they may have raised borrowing costs enough to contain a spike in inflation. Banco de Mexico raised its benchmark rate by a quarter percentage point to 7.00 percent, as expected by all 17 analysts surveyed by Reuters last...

  • *Dollar drifts, next week's US data awaited for inflation cues. TOKYO, June 23- The dollar was little changed on Friday as traders marked time ahead of next week's U.S. inflation-linked indicators, while commodity currencies such as the Canadian dollar held to gains after crude oil prices bounced. "While the market was able to draw incentives from the Fed last week,...

  • TOKYO, June 23- Japan's Nikkei share average was flat on Friday morning as dollar-yen levels steadied after major economic events, while Nintendo hit new multi-year highs on ongoing hopes for a new title on Switch. The index is on track to gain 0.9 percent for the week- where it touched its highest levels since August 2015. "It's like the market has started its summer...

  • SINGAPORE, June 23- Chicago corn was poised for its biggest weekly decline in a year on Friday with the market falling for a second consecutive week, weighed down by forecasts of crop-friendly weather in the U.S. The Chicago Board of Trade most-active corn contract has given up 5.6 percent this week, biggest loss since June 2016. In the previous session, the market...

  • KUALA LUMPUR, Malaysia— The Chinese owner of Sweden's Volvo Cars says it has signed the final contract to buy a stake in Malaysian automaker Proton, gaining a platform to expand in Southeast Asia. Geely Holding Group's announcement Friday gave no financial details. Proton Holdings Bhd. was founded in 1983 by the Malaysian government to create a domestic auto...

  • The weak markets are a result of doubts over OPEC's ability to rein in a fuel supply overhang that has dogged markets since 2014 as production has largely outpaced consumption. "Markets remain sceptical of OPEC's ability to balance supplies," ANZ bank said on Friday. At the heart of the glut is that rising production levels from the traditional suppliers of OPEC...