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  • TOKYO/ SYDNEY, Sept 4- The dollar sank against the yen on Friday as the safe-haven Japanese currency gathered bids after Tokyo shares fell to a seven-month low in nervous trading ahead of U.S. jobs data due later in the day. The greenback was down 0.7 percent to 119.22 yen. The yen also surged against the euro, which came under broad pressure after the European Central...

  • *Senate inquiry, TV report say firm underpays workers. SYDNEY, Sept 4- The operator of 7- Eleven convenience stores in Australia said it was launching its own probe into how its franchisees treat employees after a TV report and a Senate inquiry said the company was denying its workers proper pay. In a statement, Australia's 7- Eleven Stores Pty Ltd, which is licensed...

  • PHILADELPHIA— Business owners in Philadelphia could enjoy a financial windfall from the crowds expected for the papal visit— if their employees can get to work through the security perimeters and road closures. "Even if beer needs to be delivered by drone,@ McGillins will be open," tweeted the city's oldest bar, McGillin's Olde Ale House. Planned road closures...

  • That would underscore the economy's vibrancy in the face of volatile global financial markets and China's slowing growth, and keep alive the prospect of the Fed raising benchmark overnight rates at its next policy meeting, on Sept. 16-17. "We don't think it will detract from the possibility that the Fed is considering a September rate hike, only if we saw ominous...

  • President Barack Obama in Washington on Friday to seek more support in countering Iran, as the Obama administration aims to use the visit to shore up relations after a period of tensions. The visit is the king's first to the United States since ascending to the throne in January, and comes after the United States agreed to a nuclear deal with Iran in July, raising...

  • Strategists link the lack of a move to bonds to a number of events: Hawkish rhetoric from Fed officials even as the equity market stumbled; a bout of selling by hedge funds that had expected a rally in the bond market that they didn't get; and bond sales by central banks in China and other emerging market economies trying to protect their currencies from...

  • BOSTON— Horse track operators and breeders are concerned the good times might be trotting to a close. Some states are looking to rein in a lucrative subsidy that's helped prop up their long-suffering industry. But industry experts say lawmakers in West Virginia, Iowa, Indiana, Delaware and elsewhere are pushing changes as their states face budget deficits and...

  • Sept 4- Hong Kong stock erased early gains and fell on Friday as investors liquidated their position ahead of the release of the U.S. monthly jobs report at a time when China market was closed for public holiday. "The market was quiet but cautious and investors were concern about the prospect of a U.S. interest rate hike," said Steven Leung, a director at UOB Kay Hian in...

  • NEW YORK— The release of the new Star Wars movie may still be months off, but Disney is unleashing its full marketing "Force" behind the launch of hundreds of toys and other items related to the film. Leaked images of action figures of characters that have not even hit the big screen— like Sarco Plank, some kind of alien desert nomad that has only been glimpsed in a Vanity...

  • "There's been a little bit of up and down and range-bound movement, which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 22 cents to $50.46 a barrel as of 0357 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery, also known as West Texas...

  • TOKYO, Sept 4- Longer-dated Japanese government bond prices gained Friday thanks to a regular debt buying operation by the Bank of Japan and weaker Nikkei, although caution ahead of the U.S. non-farm payrolls report later in the session limited market activity. The BOJ bought 140 billion yen of JGBs with maturities exceeding 25 years as a part of its ongoing...

  • TOKYO, Sept 4- Japanese wages rebounded in July after plunging the prior month but summer bonus payments rose only modestly, government data showed, suggesting that soft household spending may weigh on the world's third-largest economy for longer than expected. Total cash earnings also rose 0.6 percent in the year to July to 367,551 yen, after plunging in June,...

  • SYDNEY/ TOKYO, Sept 4- The euro nursed losses on Friday, having come under broad pressure after the European Central Bank gave a sobering assessment of the euro zone economy and suggested it may have to beef up its already massive stimulus program. The common currency slid as far as $1.1087, from levels above $1.1200. Traders in Asia may not take things much further...

  • *Corn falls under pressure of near-record U.S. harvest. Corn fell to a three-week low on expectations of a near-record U.S. harvest flooding the market in the weeks ahead while soybeans ticked higher. The front-month contract is trading around its lowest since 2010. Corn is down 3.7 percent for the week, its second consecutive weekly loss while soybeans have...

  • MELBOURNE, Sept 4- Green groups lost a fight to stop billionaire Gina Rinehart and India's GVK from building a giant coal mine in Australia, as a court on Friday dismissed an appeal against the state of Queensland's environmental approval for the project. But the green group appealed that decision to the Supreme Court saying the Land Court did not have the right...

  • SINGAPORE/ TOKYO, Sept 4- Asian shares were mixed on Friday as caution about a U.S. jobs report jostled with signals from the European Central Bank that it is willing to take further steps to shore up the European economy. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent after rising in early trade. "Markets sold off after the early...

  • "There's been a little bit of up and down and range-bound movement which has all the hallmarks of a market marking time," said Ben Le Brun, market analyst at Sydney's OptionsXpress. Brent crude for October delivery fell 21 cents to $50.47 a barrel as of 0156 GMT, after ending the previous session 18 cents higher. U.S. crude for October delivery was down 20 cents at...

  • TOKYO, Sept 4- Japanese Economy Minister Akira Amari said on Friday support was building for a ministerial meeting to be held on on a delayed Pacific Rim trade pact and conclude the deal before a general election in Canada. Trade ministers from the 12 nations negotiating a Trans-Pacific Partnership, which would cover 40 percent of the global economy, failed to...

  • TOKYO, Sept 4- Japanese stocks fell in choppy trade on Friday morning after a bounce in the yen against the euro and dollar hurt exporters and other index-heavyweights. On Thursday, the European Central Bank had set the tone for foreign exchange majors by affirming its readiness to provide the euro zone with another dose of stimulus.. The rise in the Japanese...

  • MELBOURNE, Sept 4- London copper took a breather on Friday but was set to log a second weekly gain as bets for monetary easing in Europe fuelled a short-covering rally that traders expected to gain steam given light holiday trade. The European Central Bank cut its growth and inflation forecasts on Thursday paving the way for an expansion of its already massive 1...