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  • BEIJING— Shanghai stocks were volatile Tuesday after falling the most in eight years the day before while other Asian markets also flitted between gains and losses. CHINA'S PLUNGE: The Shanghai index fell the most since February 2007 on Monday, plunging 8.5 percent despite a massive government intervention. The Shanghai index had risen nearly 150 percent...

  • LAUNCESTON, Australia, July 28- Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa. For the Angolans, the large boost in July exports to China will be a welcome change, as they lost their number two spot behind Saudi Arabia in the first six months of 2015 to Russia, according to Chinese customs data. China imported 19.011 million...

  • *China Eastern Airlines falls after Delta agrees to buy stake. HONG KONG, July 28- China stocks were lower by midday on Tuesday, in volatile conditions, even as Beijing pledged to lend further support after stocks sank 8 percent in the previous session, raising concerns about stability in the world's second-biggest economy. They prefer to stay away from the market...

  • SINGAPORE, July 28- Oil prices fell towards four-month lows on Tuesday, dropping for a fifth straight session on persistent worries about a global supply glut, while stock market sell-offs on both sides of the Pacific also rattled investor sentiment. Uncertainty over the health of the Chinese economy, reflected in the sell-off in the stocks, lacklustre U.S. oil...

  • *Latest China swoon hits shares elsewhere in Asia. SHANGHAI, July 28- Chinese shares whip-sawed between gains and losses on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy. The rapid sell-off, which saw China's major indexes suffer...

  • But House Republicans declared the Senate transportation bill dead on arrival. "We're not taking up the Senate bill," the California Republican told reporters at the Capitol, adding that the Senate should instead take up the bill already passed by the House. Hours later, in a hectic late-night session, the Senate voted 64-29 to include the provision reviving the...

  • SHANGHAI, July 28- China's yuan held steady against the dollar on Tuesday after the central bank fixed its midpoint at a two-week high, in a sign that the government hopes to maintain currency stability amid sharp volatility in equities market, traders aid. Beijing typically tries to keep the yuan's exchange rate stable amid domestic and global market...

  • DETROIT, July 28- General Motors Co said on Tuesday it will invest $5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in the process offering investors a fresh rationale for rejecting a merger with Fiat Chrysler Automobiles NV. GM and SAIC will engineer Chevrolet...

  • TOKYO, July 28- The benchmark Japanese government bond yield slipped to an eight-week trough on Tuesday on flight-to-quality spurred by a global retreat in equities, although market wariness towards driving yields too low kept the decline shallow. Stock markets sank globally after Shanghai stocks on Monday marked their biggest fall since 2007, deepening...

  • TOKYO, July 28- Desperate to convince consumers that inflation really is picking up, the Bank of Japan is taking advantage of a gradual rise in food prices, from yogurt and ketchup to "gyudon" beef rice bowls- once a symbol of Japanese deflation. Now it's doing just that, "said Hideo Kumano, a former BOJ official and currently chief economist at Dai-ichi Life Research...

  • *Soybeans up after deep losses, wheat ticks higher. Soybeans rose after dropping nearly 6 percent over the last three sessions, while wheat firmed following a drop to one-month low on Monday. Chicago Board of Trade front-month corn slid as much as 0.4 percent to $3.71-1/ 2 a bushel by 0252 GMT, weakest since June 25.

  • SINGAPORE, July 28- Oil prices fell close to four month lows in early Asian trade on Tuesday after stock market sell-offs on both sides of the Pacific rattled investor sentiment about the Chinese economy, adding to concerns about a global oil glut. It's a trend which says investors are selling, "said Jonathan Barratt, chief investment officer at Sydney's Ayers...

  • BEIJING, July 28- China's top economic planner said it was optimistic on the outlook for the economy in the second half of 2015, but was paying close attention to fluctuations in the country's stock markets. Speaking at a briefing in Beijing on Tuesday, Li Pumin, secretary general of the National Development and Reform Commission, described the recent activity...

  • *Latest China swoon hits shares elsewhere in Asia. SHANGHAI, July 28- Chinese shares sank more than 3 percent on Tuesday, as Beijing scrambled once again to stabilise a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy. The rapid sell-off, which saw China's major indexes suffer their...

  • TAIPEI, July 28- Taiwan stocks rose on Tuesday, recovering somewhat from a steep fall in the previous session spurred by huge losses in Chinese markets. Optoelectronics also saw significant gains, rising 3.38 percent and led by world's No.4 flat-panel maker AU Optronics Corp, up 4.57 percent. The Taiwan dollar firmed T $0.063 to T $31.497 per U.S. dollar.

  • 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,...