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  • TOKYO, July 29- Japan's Government Pension Investment Fund, the world's largest pension fund, reported 5.3 trillion yen losses from its investments last fiscal year, its first full-year loss in five years. The loss for the year through March was due to sharp falls in Japan's stock market amid broader global market turmoil sparked by volatility in Chinese...

  • TOKYO, July 29- Japanese government bonds tumbled on Friday, sending the benchmark 10- year yield to a one-month high, after the Bank of Japan's steps to ease monetary policy disappointed investors who had hoped measures would include additional bond purchases. "That the BOJ did not boost JGB buying appears to be the source of disappointment for the market," said...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 26 cents, or 0.6 percent, to $40.88 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • *Several suppliers post forecast-beating Q2 results. *Some point to signs of recovery in demand. OSLO/ MILAN, July 28- European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two years, have produced stronger than expected second-quarter earnings and are cautiously pointing to signs of recovery in demand.

  • UMLAZI, Durban, July 28- Young, poor, supporters of South Africa's African National Congress are weary of reminders of its liberation struggle, concentrating instead on the ruling party's failure to deliver jobs which could cost it votes in local elections next week. Polls say the main opposition party, the Democractic Alliance will win 36 percent of the vote in...

  • GENEVA— Swiss bank UBS has reported a 14- percent drop in net profit in the second quarter, citing "pronounced low client activity" amid economic and geopolitical uncertainties and other market weakness. The company said net income fell to 1.03 billion Swiss francs, from 1.21 billion francs a year earlier. The bank said market volatility, macroeconomic...

  • *Imports by China, India, Japan, South Korea rise. By discounting prices for its crude against Saudi Arabia and Iraq, Iran has attracted new customers in countries such as Poland and spurred higher demand from existing buyers in Asia. The four countries, South Korea, Japan, China and India, imported 1.72 million barrels per day in June, government and ship-tracking...

  • SHANGHAI, July 29- Chinese bond yields fell on Friday on news that regulators were planning to tighten rules on wealth management flows into equities, and as liquidity continued to return to the market after a sharp correction in the second quarter. Treasuries were flat for the week but a further rebound was seen in short-term debt, which was hammered during an...

  • WELLINGTON, July 29- New Zealand's construction boom led to a 35 percent surge in building consents in the year to June, soothing concern over rising house prices to reinforce expectations that the central bank will reduce interest rates further. The Reserve Bank of New Zealand held interest rates at 2.25 percent at its June review while voicing strong concern...

  • *But keeps money base target unchanged at Y80 trln. SINGAPORE, July 29- The safe-haven yen jumped against the dollar on Friday after the Bank of Japan's modest monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. The dollar initially rose to 105.75 yen right after the BOJ's announcement but later tumbled to a 2-1/...

  • *BOJ Gov Haruhiko Kuroda to meet press 0630 GMT. TOKYO, July 29- The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures. At the two-day rate review that ended on...

  • LONDON, July 29- Britain's government has said it will launch a new review into a controversial project to build two new nuclear reactors led by French utility EDF, the country's first new nuclear plant in decades. But in a surprise move, the government of Britain's new Prime Minister Theresa May said it wanted to give the project further consideration.

  • TOKYO, July 29- Japanese Prime Minister Shinzo Abe's promised economic stimulus package will include 13.5 trillion yen in "fiscal measures," both direct government spending and loans, according to a draft of the package seen by Reuters on Friday. The package, to be approved by Abe's cabinet on Tuesday, includes 7.5 trillion yen in spending by the national and...

  • TOKYO— Japan's central bank opted Friday for a modest expansion of its lavish monetary stimulus to help perk up sluggish growth and combat deflation. The Bank of Japan ended a policy meeting Friday by announcing it will expand purchases of assets from financial institutions to help inject more cash into the world's third-largest economy and pursue its 2...

  • NEW YORK, July 29- Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory burdens. Clients with less than $750,000 are now considered "mass affluent," meaning they may not get the same service as top customers because their financial needs are...

  • WASHINGTON, July 29- The U.S. economy likely regained speed in the second quarter as robust consumer spending offset a sharp moderation in inventory investment and weak exports, pointing to underlying growth momentum that could be maintained for the rest of the year. Things are falling in place, the economy will continue to move forward, "said Ryan Sweet, a senior...

  • WELLINGTON, July 29- New Zealand's construction boom led to a 35 percent surge in building consents in the year to June, soothing concern over rising house prices to reinforce expectations that the central bank will reduce interest rates further. The Reserve Bank of New Zealand held interest rates at 2.25 percent at its June review while voicing strong concern...

  • Spot gold was up 0.4 percent at $1,341.16 an ounce at 0430 GMT. U.S. gold was up 0.4 percent at $1,337.90 an ounce. "With so many cross currents at play over the short-term, we would rather watch the action in gold from the sidelines for the time being, at least until Friday's news from both the U.S. and Japan is out of the way," INTL FCStone analyst Edward Meir said in a note...

  • *BOJ Gov Haruhiko Kuroda to meet press 0630 GMT. TOKYO, July 29- The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures. The central bank maintained its base...

  • *Asia share index slips after touching highest since Aug 2015. SINGAPORE/ TOKYO, July 29- Asian shares slipped after touching a near one-year peak on Friday, while Japanese stocks tumbled and the yen strengthened as the Bank of Japan's fresh stimulus measures disappointed markets. The dollar weakened 1.9 percent to 103.27 yen, its biggest one-day decline since...