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Wires

  • SHANGHAI, July 21- Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc, which spearheaded ZTO's IPO, are named in the class-action...

  • TOKYO, July 21- Japan's Nikkei share average edged down on Friday morning as investors took in the European Central Bank's policy talk, while individual companies such as Yaskawa Electric soared on strong profit forecasts. The European Central Bank left its ultra-easy monetary policy unchanged, and President Mario Draghi said that policymakers would...

  • TOKYO, July 21- Japan's Nikkei share average edged down on Friday morning as investors took in the European Central Bank's policy talk, while individual companies such as Yaskawa Electric soared on strong profit forecasts. The European Central Bank left its ultra-easy monetary policy unchanged, and President Mario Draghi said that policymakers would...

  • MEXICO CITY, July 20- Mexican breadmaker Bimbo said on Thursday it agreed to buy U.S. firm East Balt Bakeries for $650 million. Bimbo, which expanded into India and Africa in recent months, and has plans to grow in China and the rest of Asia and the Middle East, said it hoped to close the transaction by the second half of 2017, pending regulatory approval.

  • SEOUL, July 21- North Korea's economy grew at its fastest pace in 17 years in 2016, South Korea's central bank said on Friday, despite the isolated country facing international sanctions aimed at curbing its defiant pursuit of nuclear weapons. Gross domestic product in North Korea last year rose 3.9 percent from the previous year when the economy contracted...

  • NORTH KOREA 2016 EXPORTS +4.6 PCT, HIGHEST SINCE +11.8 PCT IN 2013- S.KOREA C.BANK.

  • NORTH KOREA 2016 GDP GROWTH ESTIMATED AT 3.9 PCT, HIGHEST SINCE 1999- S.KOREA C.BANK.

  • NORTH KOREA 2016 GDP DRIVEN BY MINING, ENERGY AND BASE EFFECT FROM DECLINE SEEN IN 2015- S.KOREA C.BANK.

  • SYDNEY, July 21- The recent outbreak of hawkishness by policymakers in the western world does not automatically mean that interest rates need to rise in Australia, a top central banker said on Friday. That led some investors to build long positions in the Australian dollar in anticipation the Reserve Bank of Australia might echo its global peers.

  • SEOUL, July 21- South Korea's LG Chem Ltd is slated to exclusively provide batteries for Apple's iPhone 9 which is likely to be launched next year, a Korean newspaper reported on Friday. LG Chem has invested hundreds of billions of won in a dedicated line for the purpose and will produce "L-shaped" batteries for next year's iPhone, the Korea Economic Daily reported...

  • SYDNEY, July 21- U.S. corn edged lower on Friday, but the grain was on track to post a weekly gain of around 3.5 pct as forecasts for continued adverse weather stoked fears of production losses. The most active corn futures on the Chicago Board Of Trade were down 0.4 percent to $4.03-1/ 4 a bushel after closing up 2.1 percent on Thursday when prices hit a high of $4.06-3/ 4...

  • WASHINGTON, July 20- Amazon, facing potential criticism of its plan to buy Whole Foods Markets, continued its multi-million lobbying effort- shelling out $3.2 million in the second quarter of this year- an increase from the $2.9 million spent in the first three months. But their decision, announced in June, to buy premium grocer Whole Foods for $13.7 billion roiled...

  • SINGAPORE, July 21- Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, sitting below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day...

  • SHANGHAI, July 21- China's major stock indexes edged lower early on Friday, but looked set to end higher for the week, aided by strong gains in cyclicals including raw material firms. Such firms also received support from China's stronger-than-expected gross domestic product data, released on Monday, which boosted expectations of increasing raw material...

  • BEIJING— Is the outsize role played by China's government in its economy to blame for its multibillion-dollar trade surpluses with the United States? But economists say while Beijing hampers access to its markets, the bulk of China's trade surplus stems from its role in complex global manufacturing chains instead of trade policy. But tensions bubbled up this...

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • SINGAPORE, July 21- Oil prices nudged up on Friday ahead of a key meeting of major oil producing nations next week, but held below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day production...