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  • TOKYO, Aug 4- Asian shares cautiously nudged into positive territory on Tuesday after downbeat economic data pressured Wall Street ahead of a key U.S. jobs report that could provide important clues to the timing of the Federal Reserve's interest rate increase. MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher, while Japan's...

  • HONG KONG, Aug 4- China stocks rose just over one percent on Tuesday morning after Chinese authorities announced new measures to crack down on short selling, which has been partly blamed for the plunge in mainland equities last month. Both the Shenzhen and Shanghai stock exchanges unveiled measures that would make it more difficult for speculators to profit...

  • TOKYO, Aug 4- The benchmark 10- year Japanese government bond yield hit a two-month low on Tuesday after an auction of the maturity was met with firm investor demand. The 10- year JGB yield was down 1 basis point at 0.40 percent after touching 0.39 percent, the lowest since May 29. Japan's finance ministry offered 2.4 trillion yen of 10- year debt on Tuesday, with...

  • SHANGHAI, Aug 4- China's yuan was flat against the dollar on Tuesday after the central bank set the official guidance rate almost unchanged, sending a message that monetary authorities wish to see the currency steady for the moment, traders said. China's economy is slowing, exerting downward pressure on the yuan. In a related development, China's Ministry of...

  • ATHENS, Greece— After so much pain, Greece must now figure out how to get its economy back on its feet. The advice to Greece from economists is simple: focus on the basics. Political instability, a hallmark of Greece's crisis, is highly toxic for investors, who need to know that the rules for business won't change unexpectedly.

  • Countries that import energy, such as the U.S., China, Japan and those in the European Union, are getting an economic boost. Exporters, such as Russia, Saudi Arabia and Venezuela are facing lower income and budget shortfalls. Price: Average for the year through July is $53 a barrel, down 48 percent compared with the same period last year and on track for its lowest annual...

  • Data from Thomson Reuters published on Tuesday showed the number of innovative medicines, or new molecular entities, launched globally in 2014 hit a 17- year high of 46, up from 29 in 2013.. Phase III terminations totalled 56 in the last three years, down from 68 in 2009-2011, according to the Thomson Reuters 2015 CMR Pharmaceutical R&D Factbook.

  • SINGAPORE, Aug 4- Oil prices edged up in early Asian trading on Tuesday following a sharp 5 percent drop in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls. Although prices rose on Tuesday, with Brent 28 cents higher at $49.80 a barrel by 0336 GMT and U.S. crude up 35 cents...

  • SINGAPORE, Aug 4- Chicago soybean futures slid for a third consecutive session on Tuesday to a one-week low, with pressure from forecasts of near-perfect weather boosting crops across the U.S. Wheat rose from a six-week low touched in the previous session but prospects of ample supplies and worries about flagging Chinese growth are set to cap gains.

  • *U.S., Chinese factory figures drag down Wall Street. TOKYO, Aug 4- Asian shares struggled to stay positive on Tuesday after downbeat economic data pressured Wall Street ahead of a key U.S. jobs report that could provide important clues to the timing of the Federal Reserve's interest rate increase. MSCI's broadest index of Asia-Pacific shares outside Japan was...

  • *Soft U.S. and China data keeps sentiment cautious. TOKYO, Aug 4- Japan's Nikkei share average edged down on Tuesday on soft manufacturing data from China and the United States, prompting investors to rotate out of cyclical shares to defensive shares such as drugmakers. Manufacturing conditions in China deteriorated to their worst in two years in July, data...

  • BEIJING, Aug 4- The recent surge in pork prices in China is not a result of shortages on the market but represents a natural rebound following a two-year decline that began in 2013, the country's commerce ministry said on Monday. "Overall, this round of pork price rises represents a recovery following a decline of more than two years, and is a kind of self-recovery by...

  • SEOUL, Aug 4- For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market. The coming years are set to be more sombre for the South Korean tech giant, as it is forced to slash prices and accept lower margins at its mobile division in order to see off...

  • HARTFORD, CONN.— Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. But he's paying $72,000 a month to maintain his suburban Hartford mansion. He filed for bankruptcy last month after New York City jurors ordered him to pay $7 million to a woman who said he posted online a crudely...

  • BEIJING, Aug 4- China's import growth is likely to remain at a low level, the Commerce Ministry said on Tuesday. Shen Danyang, the ministry's spokesman, made the comment at a regular briefing but he did not give an exact timeframe. China's export sales unexpectedly rose for the first time in four months in June and imports fell again but posted their best performance...

  • SHANGHAI, Aug 4- Citic Securities Co Ltd, one of China's largest brokerages, will temporarily suspend its short-selling business in shares, the company said in a statement on Tuesday. "In order to comply with urgent changes in exchange rules and control business risks, as of today we are temporarily halting our short-selling business," the Citic Securities...

  • *Commodity currencies hit as oil prices sink on China worries. In a bearish turn of events for currencies of oil exporters, crude prices slid a further 5 percent overnight to their lowest since January after weak factory activity in China deepened a commodity-wide rout. This was also bad news for the Aussie, often used as a proxy for China trades.

  • *Chicago Board Of Trade September wheat rose 0.6 percent to $5.01-3/ 4 a bushel, after hitting a six-week low of $4.90-1/ 2 a bushel in the previous session. *December corn rose 0.4 percent to $3.78-3/ 4, having slumped 1.3 percent in the previous session when prices hit a low of $3.75-1/ 2 a bushel- the lowest since June 23. *Russia could harvest 101.5 million tonnes of...

  • SHANGHAI, Aug 4- China major stock indexes opened up on Tuesday. China CSI300 stock index futures for August rose 1.5 percent, to 3,673, 163.67 points below the current value of the underlying index. The Hang Seng index in Hong Kong was unchanged at 24,418.56 points.

  • RIO DE JANEIRO, Aug 3- Terms for Brazil's 13th Oil Round, in which the government hopes to sell rights to 266 exploratory blocks in early October, "are the worst ever," the Brazilian Petroleum Institute that represents potential investors said on Monday. Despite the unattractive terms of the auction, the IBP's executive secretary, Antonio Guimaraes, said the blocks...