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  • BEIJING, Aug 3- Indian online marketplace Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday. Alibaba and Foxconn declined to comment. Alibaba affiliate Ant Financial Services Group in February...

  • BEIJING, Aug 3- China's factory activity shrank more than initially estimated in July, contracting the most in two years as new orders fell and dashing hopes that the world's second-largest economy may be steadying, a private survey showed on Monday. Fears of a full-blown market crash have added a new sense of urgency for policymakers in Beijing, with many...

  • *OPEC oil output hits new high in July- Reuters survey. SINGAPORE, Aug 3- Oil extended losses to multi-month lows on Monday on worries of oversupply as OPEC pumped at record levels in July, while weak China data stoked concerns about slower growth at the world's second largest oil consumer. "The market seems to again focus on the supply situation... one of the...

  • HONG KONG, Aug 3- China stocks fell on Monday with thin buying interest as a survey showed weak factory activity and some investors stayed on the sideline for a breather after mainland shares suffered their worst monthly loss in six years in July. China's markets regulator has suspended a trading account of U.S.-based hedge fund Citadel LLC, the fund said on...

  • NEW YORK, Aug 3- For U.S. coffee shops, business usually cools down as the weather heats up. Others have jumped on board, including the nation's largest coffee chain, Starbucks, which launched cold brew at 2,800 stores this summer. "One day, there will be no regular iced coffee," Mai said, while pouring a nitrogen-infused cold brew made by Brooklyn- based Gillies Coffee...

  • HONG KONG— HSBC Holdings PLC, Europe's biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 percent. Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve...

  • HONG KONG, Aug 3- Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub. Gambling revenue fell year-on-year to 18.6 billion patacas, according to data released by the Macau government on Monday. Macau is the only legal casino hub in...

  • Asian spot iron ore does meet the technical definition of being in a bull market, having gained 25.4 percent between its record low of $44.10 a tonne on July 8 and the close of $55.30 on July 29. It's also worth noting that the so-called bull market was nowhere near as clear in the main iron ore derivative markets in Dalian and Singapore. Front-month Dalian futures...

  • Tokyo's Nikkei 225 declined 0.5 percent to 20,485.56 and Seoul's Kospi lost 0.8 percent to 2,013.43. Australia's S&P ASX 200 retreated 0.5 percent to 5,673.30 and Taiwan, Singapore and Jakarta also declined. On Friday on Wall Street, the Dow Jones industrial average lost 0.3 percent and the Standard& Poor's 500 index shed 0.2 percent while the Nasdaq composite...

  • SHANGHAI, Aug 3- China's yuan barely moved against the dollar on Monday after the central bank fixed its guidance rate little changed, while a fresh survey showing that the Chinese factory activity remained weak had no immediate impact on trading. The People's Bank of China set the midpoint rate at 6.1169 per dollar prior to market open, compared with the...

  • HONG KONG, Aug 3- HSBC Holdings reported a 10 percent increase in earnings for the first half of the year, boosted by bumper profits in Hong Kong as the lender considers whether to move its headquarters from London to the Asian hub. HSBC also announced the sale of its Brazil unit to Banco Bradesco SA, the country's second-biggest private-sector bank, for 17.6...

  • SAN JUAN, Puerto Rico— Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. But Puerto Rico's entrenched economic crisis is leading people to either cut their personal spending to the basics or flee to the mainland to search for jobs, contributing to the struggles of those left on the island. Nearly 10 years into a deep economic...

  • NEW YORK— AT&T is unveiling a new package that combines traditional TV and wireless services as it seeks to broaden its offerings following its $48.5 billion purchase of satellite TV company DirecTV about a week ago. The package announced Monday largely amounts to a $10- a-month discount for getting TV and wireless services at any level on the same bill.

  • Aug 3- The No. 2 U.S. wireless carrier AT&T Inc said it will bundle its wireless service with DirecTV's pay-TV offerings after the $48.5 billion deal was approved last month. The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp Corp.. The company said it would serve more than 55 million customers in the United States, Latin America and the...

  • *Worldwide cancer drug spending $100 billion in 2014. LONDON, Aug 3- New cancer drug cocktails set to reach the market in the next few years will test the limits of premium pricing for life-saving medicines, forcing company executives to consider fresh market strategies. Pricey immunotherapies, offering long-lasting responses, are already starting to change...

  • SHANGHAI, Aug 3- China's markets regulator has suspended a trading account of U.S.-based hedge fund Citadel LLC, the fund said on Monday, in the watchdog's first known move against a big foreign investor as it battles to prop up China's ailing stock markets. The Shanghai and Shenzhen markets fell again on Monday, undermined by fresh concerns over the health of the...

  • BEIJING, Aug 3- China's central bank injected 292.9 billion yuan into banks in July to boost lending, it said on Monday, in yet another step to bolster growth in China's cooling economy. A total of 250 billion yuan of six-month medium-term lending facility were injected into unidentified financial institutions. A separate 42.9 billion yuan of pledged...

  • MELBOURNE, Aug 3- London copper slipped on Monday on jitters over China's economic health, after factory growth stuttered in July and a central bank official said downward pressure on the economy would persist into the second half. A private survey on Monday showed China's factory activity contracted by the most in two years as new orders fell, dashing hopes...

  • *Wheat near 6- week low on plentiful world supplies. Wheat lost ground to hover near last week's six-week low as the market continued to struggle due to abundant global supplies. Wheat touched $4.93-3/ 4 a bushel on Thursday, the lowest since June 22.

  • TOKYO, Aug 3- Japanese government bond prices edged down on Monday on caution towards an upcoming 10- year debt auction, although gains by U.S. Treasuries and weakness in Tokyo stocks limited losses. Japan's finance ministry will offer 2.4 trillion yen of 10- year JGBs on Tuesday.