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  • MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of a meeting of the Federal Reserve which is expected to keep rates unchanged, keeping down costs for capital-intensive commodities. *Shanghai Futures Exchange copper climbed half a percent to 37,990 yuan a tonne. *Australia's Fortescue...

  • TOKYO, July 27- Japan's Nikkei share average rose on Wednesday morning after the yen dropped on expectations of monetary easing by the Bank of Japan this week, encouraging investors to scoop up recently battered stocks. "The street is all hot and sweaty for a duel bazooka to be launched on both fiscal and monetary nature," said Gavin Parry, managing director at Parry...

  • SPARKS, Nevada, July 26- Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. While some analysts have questioned how profitable the Model 3 will be, Musk on Tuesday said he expects the car to generate $20...

  • SINGAPORE, July 27- Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. International Brent crude oil futures were trading at $44.81 at 0148 GMT, down 6 cents from their previous close.

  • State Street is paying at least $382.4 million under the settlement with the Department of Justice, to settle allegations that it deceived some clients of its indirect foreign currency exchange services, the Department of Justice said in a statement. The amount includes $155 million to be paid to the Justice Department, $167.4 million in disgorgement and...

  • SYDNEY, July 27- U.S. wheat edged higher on Wednesday, rebounding from losses of more than 3 percent in the previous session, drawing support a widely watched U.S. crop tour that pegged yields below five-year average levels. *The most active wheat futures Chicago Board Of Trade rose 0.1 percent to $4.15-1/ 2 a bushel, having closed down 3.3 percent on Tuesday.

  • SHANGHAI, July 27- China's securities regulator has asked firms to curb the use of borrowed money when participating in secondary private equity placements, the China Securities Journal reported on Wednesday, citing anonymous investment banking sources. In a recent training session given by the China Securities Regulatory Commission, firms were given "...

  • TAIPEI, July 27- Taiwan stocks rose on Wednesday, led by gains in TSMC, Hon Hai Precision and other Apple Inc suppliers after the U.S. company sold more iPhones than expected in the third quarter. Hon Hai rose 0.7 percent and Largan Precision climbed 1.6 percent. The Taiwan dollar softened T $0.054 to T $32.160 per U.S. dollar.

  • *Spot gold dipped 0.2 percent to $1,317.26 an ounce at 0051 GMT. *U.S. gold fell 0.3 percent to $1,317.50 an ounce. *The Bank of England is almost certain to cut benchmark borrowing costs when it sets policy on Aug. 4, but a slim majority of economists in a Reuters poll said it would hold off for now on restarting its asset purchase program.

  • decision@ SAO PAULO, July 26- The Brazilian real appreciated and the Mexican peso was stable on Tuesday, ahead of a policy decision by the U.S. Mexico's stock index fell 0.43 percent, dragged down and retailer Wal-Mart de Mexico. A slight dip in Brazil's benchmark Bovespa index was led by a drop in the shares of oil giant Petrobras and banks.

  • TOKYO, July 27- The yen fell in early Asian trade on Wednesday on expectations of significant monetary stimulus by the Bank of Japan later in the week, a day after it had posted its biggest gains in a month on disappointment at the scale of the government's fiscal stimulus plan. The market is still wary of any surprises from Kuroda, "said Kyosuke Suzuki, director of...

  • LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices.

  • TOKYO, July 27- Shares of Japan's Itochu Corp skidded after activist short-seller Glaucus Research Group released a report early on Wednesday criticizing the Japanese trading company's accounting.

  • TOKYO, July 27- Shares of Japan's Itochu Corp skidded after activist short-seller Glaucus Research Group released a report early on Wednesday criticising the Japanese trading company's accounting.

  • PANAMA CITY— Panama Canal authorities say a Chinese container ship's damaging scrape with the canal's new wider locks was caused by bad weather and the vessel not lining up correctly. Canal administrator Jorge Quijano said Tuesday there was intense rain, poor visibility and winds between 30 and 40 knots when the ship carrying 9,000 containers was using the...

  • *Yen bullish as hopes placed on Japan stimulus fade. The safe-haven yen sat atop large gains as hopes for a large fiscal stimulus package out of Japan faded. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent.

  • *Decision expected July 29 0330-0530 GMT. *Gov Kuroda to brief media from 0630 GMT. TOKYO, July 27- Yen moves and political considerations could be decisive factors for Bank of Japan policymakers agonizing over whether to expand stimulus yet again on Friday or to save their dwindling policy resources in case the economy takes a turn for the worse.

  • WEDNESDAY, JULY 27 TBILISI- National Bank of Georgia monetary policy committee meeting. POLOKWANE, South Africa- South African central bank deputy governor Daniel Mminele speaks at a business breakfast event in the city of Polokwane- 0700 GMT. THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT.

  • THURSDAY, JULY 28 NEW HAVEN, United States- European Central Bank board member Benoit Coeure speaks at the Yale Forum on financial crisis management organised by U.S. Department of Treasury in New Haven- 1800 GMT. CAMBRIDGE- Federal Reserve Bank of San Francisco President John Williams participates in a policy dialogue on "What's Left in the Fed's Tool Kit?"

  • SPARKS, Nevada, July 26- Tesla Motors Inc's "master plan" to broaden the electric vehicle maker's product line could cost "tens of billions" of dollars over time and would likely require a "modest capital raise," Chief Executive Elon Musk said on Tuesday. Speaking at a formal unveiling of Tesla's $5 billion battery "gigafactory" outside Reno, Nevada, Musk said the new...