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  • Insurance funds invested 60.11 percent of their capital in banking deposits and bonds over the same period, a 5.17 percentage point drop from the end of last year, the China Insurance Regulatory Commission said in a press release issued at a briefing in Beijing.

  • TOKYO, July 28- Japan's Nikkei share average dropped to a more than two-week low on Tuesday as investors worried that a fresh rout in Chinese shares would damage China's economy and as commodity prices tumbled. The dollar was under pressure as China jitters spurred flows into safe haven assets such as the yen, while commodities including oil and copper weakened...

  • BEIJING, July 28- China's economy still faces downward pressure and growth momentum is "insufficient", the country's top economic planning agency said on Tuesday. The flow of capital into the real economy is not smooth, Li Pumin, secretary general of the National Development and Reform Commission, told a news conference in Beijing. For the first six months, China...

  • *Listing could be in Tokyo or New York- Nikkei. TOKYO, July 28- Suntory Holdings Ltd said on Tuesday that it is not considering listing its shares now, following a Nikkei newspaper report that the beverages conglomerate is mulling an IPO as early as 2018 to pay down debt and raise growth capital. The Nikkei said the Japanese company would decide as soon as this year...

  • MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 percent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2- 5 percent lower. Since hitting a peak in early June, Chinese shares have gone through a roller-coaster ride with main China indexes falling by a third in less than a month before rebounding by a quarter,...

  • First Quantum said it was unable to provide estimates on how long the power supply reduction would last or its impact on production. The country's power provider ZESCO has contracted independent power producers to procure more electricity by the end of 2015, First Quantum said. First Quantum's Zambian smelter, which ramped up in February, is expected to...

  • SHANGHAI, July 28- China's central bank will inject 50 billion yuan into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. On Monday, China's benchmark CSI 300 equity index fell 8.5 percent, reversing a government-engineered recovery since in July. The People's Bank of China injected a net 30 billion yuan into the...

  • SHANGHAI, July 28- China stocks slumped further on Tuesday morning after their worst single-day drop in more than eight years in the previous session, shrugging off Beijing's promises of more support for the market. China CSI300 stock index futures for August pointed to further losses, falling 3.3 percent to 3,635.6, or 63.10 points below the current value of...

  • SHANGHAI, July 28- China's central bank will inject 50 billion yuan into the money markets through seven-day reverse bond repurchase agreements on Tuesday, traders said. On Monday, China's benchmark CSI 300 equity index fell 8.5 percent, reversing a government-engineered recovery since in July. The People's Bank of China injected a net 30 billion yuan into the...

  • BEIJING, July 28- China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year. It added that the country's main economic indicators are steadily improving. China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output, a...

  • MANILA, July 28- Gold languished near its weakest level since early 2010 on Tuesday, with no meaningful recovery seen as expectations for a U.S. interest rate increase grow. *Amid weaker gold prices, holdings of the world's biggest gold-backed exchange-traded fund, the SPDR Gold Trust, fell for a seventh day on Friday to 21.87 million ounces, the lowest since...

  • TOKYO, July 28- Toshiba Corp has decided to propose interim President Masashi Muromachi as a more permanent chief executive officer beyond September after a slew of executives resigned over their roles in the country's biggest accounting scandal in years, Japanese media said on Tuesday. A Toshiba spokesman said nothing had been decided.

  • SINGAPORE, July 28- Chicago corn futures edged up on Tuesday, after suffering its biggest one-day decline since September 2013 in the previous session due to pressure from ideal weather for crop development across the U.S. grain belt. Soybeans rose after dropping almost 6 percent over the last three sessions, while wheat firmed following a drop to one-month low...

  • MELBOURNE, July 28- London copper edged up on Tuesday, after sliding to six-year lows in the previous session, as China pledged to halt a stockmarket rout that has unnerved investors and undermined the prospect for metals. *China said on Monday it was prepared to buy shares to stabilize the stock market and avert "systemic risks," after major indices plunged more...

  • *Asia drops after Monday's freefall in China shares. The dollar was under pressure as China jitters spurred flows into havens such as the yen, while commodities including oil and copper wilted amid fears of a collapse in demand from China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent.

  • SINGAPORE, July 28- U.S. crude futures fell towards $47 a barrel, close to a four-month low, in early Asian trade on Tuesday after a stock market sell-off rattled investors, adding to concerns of an oil supply glut, although a weaker dollar put a floor under prices. *U.S. crude for September delivery dropped 30 cents to $47.09 a barrel as of 0020 GMT, after ending the...

  • TOKYO, July 28- The safe-haven yen held firm in early trade on Tuesday, as investors remained cautious ahead of a two-day U.S. The dollar was nearly flat on the day at 123.260 yen after falling as low as 123.010 yen in the previous session, while the euro was buying 136.71 yen, after rising as high as 137.10. "We think FOMC will surprise on the hawkish side, provided a...

  • SYDNEY- Reserve Bank of Australia Governor Glenn Stevens speaks at the Boao Forum for Asia Financial Cooperation Conference, hosted by the New South Wales government- 0030 GMT. KYOTO- Bank of Japan board member Koji Ishida speaks to business leaders in Kyoto- 0130 GMT. LONDON- Bank of England holds Monetary Policy Committee meeting.

  • JASPER, Ind. _ German American Bancorp Inc. on Monday reported second-quarter net income of $7.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share. German American Bancorp shares have declined 5.5 percent since the beginning of the year.

  • NEW YORK, July 27- Puerto Rico's Governor Alejandro Garcia Padilla left for Washington, D.C. on Monday for meetings on the island's fiscal situation and to promote access to U.S. bankruptcy laws, according to a statement from his office. Garcia Padilla shocked creditors in June by saying the island needed to restructure debts- totaling $72 billion- to solve its...