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Wires

  • TOKYO, March 24- Singapore- based fund Effissimo, which has given embattled Toshiba Corp a rare vote of confidence with its purchase of 8 percent stake this month, said on Friday the holding was for pure investment purposes and it expected long-term price gains. The fund, established by former colleagues of Japan's most famous activist investor, Yoshiaki...

  • AMSTERDAM, March 24- The Dutch government ran a budget surplus of around 3 billion euros, or 0.4 percent of GDP in 2016, its first surplus since the 2008 financial crisis, Statistics Netherlands said on Friday. The news may play a role in talks as Prime Minister Mark Rutte tries to form a new center-right coalition after March 15 elections that saw support for...

  • TOKYO, March 24- Japan's Nikkei share average gained on Friday as the yen took a breather from its recent strength, but the Nikkei still logged a weekly loss. The dollar rose 0.5 percent to 111.46 yen, moving away from the previous session's four-month lows, as signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day.

  • TOKYO, March 24- Japan's Nikkei share average gained on Friday as the yen took a breather from its recent strength, but the Nikkei still logged a weekly loss. The dollar rose 0.5 percent to 111.46 yen, moving away from the previous session's four-month lows, as signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day.

  • *Samsung Group chief's arrest complicates structure review. Investors had expected the global leader in smartphones and memory chips to adopt a holding company structure, as the founding Lee family tries to solidify its control of the Samsung Group flagship. The South Korean tech giant used the general meeting to give investors a sense of how it is...

  • MANILA, March 24- The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown. The volume of nickel ore stocks from the mines may well exceed 1 million tonnes, or about a month's worth...

  • SEOUL, March 24- South Korea's Daewoo Shipbuilding& Marine Engineering Co Ltd is expected to receive considerable calls from shipowners for "builder's default" if the company goes into court receivership, its CEO Jung Sung- leep said on Friday. Shipowners can call builder's default, which is canceling existing orders for ships, in the event of a shipyard entering...

  • HONG KONG— Asian stock markets are mixed Friday after a U.S. vote on a health care bill was delayed, raising doubts among investors over whether President Donald Trump can push through his business friendly agenda. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.9 percent to 19,265.00 as buying picked up following recent losses. ANALYST VIEW: "Markets...

  • BEIJING, March 24- Beijing's land authority said on Friday it has banned the registration of "abnormally-shaped" residential spaces, such as extremely small rooms, passageways or garages, effectively blocking the sale of such properties. Those spaces "don't serve practical living functions", the Beijing Municipal Bureau of Land and Resources said in a post on...

  • *Dollar off recent lows in Asia, outlook uncertain. *Asia shares mixed, report Trump to examine free trade deals. SYDNEY, March 24- The dollar recouped a little lost ground on Friday amid signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day, though it remained unclear whether it would pass.

  • *Exports boosting Japan's economy but domestic demand weak. TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said on Friday there is "no reason" to withdraw the bank's massive monetary stimulus now, or raise its bond yield targets, as inflation remains far from its 2 percent goal. But he added: "If inflation in Japan accelerates sharply, at some point the BOJ may...

  • NEW YORK, March 24- Rising short-term interest rates in the United States are prompting Lipper Award-winning bond fund managers to add emerging-market debt and non-agency backed residential mortgages that they say offer more potential for gains in the year ahead. Instead, managers say, emerging-market debt in countries like Brazil and Mexico that have...

  • NEW YORK, March 24- High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they say offer a greater chance for outsized gains. Fund managers from Poplar Forest, Parnassus Investments and Brandes Investment Partners are among the 2017 Lipper...

  • NEW YORK, March 24- U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S. shale output has rattled OPEC's most influential exporter Saudi Arabia and pushed oil prices to a...

  • SEATTLE, March 24- A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts. Aerospace components often zigzag through multiple countries and companies before reaching Boeing's...

  • SHANGHAI, March 24- Hong Kong stocks drifted lower on Friday morning, with investors watching corporate earnings and a vote on a healthcare bill seen as President Donald Trump's first policy test. China stocks were roughly flat, with gains in transport stocks offset by losses in energy majors. In Hong Kong, the benchmark Hang Seng index dropped 0.1 percent, to...

  • TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said on Friday he does not expect the central bank to raise its bond yield targets now, and will look at underlying trend inflation in guiding monetary policy. "If inflation in Japan accelerates sharply, at some point the BOJ may debate adjusting its interest-rate targets," Kuroda said at a Reuters Newsmaker...

  • *Next meeting is April 26-27. *Exports boosting Japan economy but domestic demand weak. TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said on Friday there is "no reason" to withdraw the bank's massive monetary stimulus now as inflation remains far from its 2 percent target.

  • MEXICO CITY/ WASHINGTON, March 23- A group of 14 nations urged Venezuela on Thursday to hold elections and release "political prisoners," in a joint statement that kept open the option of seeking to suspend the South American country from the Organization of American States. The statement, which Mexico's Foreign Minister Luis Videgaray said was aimed at...

  • *Spot gold may test support at $1,237/ oz- technicals. Spot gold was down 0.2 percent at $1,243.23 per. On Thursday, it touched its strongest since Feb. 28 at $1,253.12.