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  • MANILA, July 28- Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in U.S. interest rates. "If anything it's a little bit surprising that we haven't had the safe-haven bid in gold even though you've had these big risk-off moves in the Chinese equity market,"...

  • KUALA LUMPUR, Malaysia— Malaysian Prime Minister Najib Razak, stung by allegations that he received some $700 million in government money, on Tuesday fired the attorney general who had been investigating him and a deputy who has been among his most prominent critics. Najib announced over national television Tuesday that his deputy Muhyiddin Yassin will be...

  • TOKYO, July 28- Japan's Nikkei share average edged down on Tuesday in volatile trade after crawling back from a more than two-week low hit earlier in the session as Chinese shares pared losses. In the morning, it fell to as low as 20,070.62, the lowest level since July 13. At 0600 GMT, the CSI300 index was down 0.1 percent, while the Shanghai Composite Index shed 1.4...

  • LONDON, July 28- Next, Britain's second-largest clothing retailer, edged-up its annual sales and profit forecasts on Tuesday after beating its own guidance for first half sales growth. The firm, which trades from over 500 stores in Britain and Ireland and about 200, mainly franchised, overseas, as well as the Directory catalogue and internet business, said total...

  • KUALA LUMPUR, Malaysia— Malaysian PM axes deputy, sacks attorney general in purge of critics amid fund scandal.

  • LONDON, July 28- British broadcaster ITV said it expected its net advertising revenue to improve slightly in the second-half, helped by the Rugby World Cup. ITV, home to the Downton Abbey drama, reiterated its outlook for the full year and said it expected ad revenues to be up 6 percent for the nine months to the end of September, after a 5 percent rise in the first six...

  • BEIJING, July 28- China's top economic planner said on Tuesday that it was optimistic on the outlook for the economy in the second half of 2015, but was paying close attention to volatility in the country's stock markets. Beijing is facing an uphill battle to channel money into the real economy but banks are reluctant to lend as the slowing economy fuels a rise in...

  • BOSTON— Some U.S. colleges with overseas-study programs won't touch Ukraine. Tufts University, on the other hand, is drawn to the turmoil in the former Soviet republic, which the U.S. State Department deemed dangerous for travel. The potential to help activists and scholars, Tufts professor Peter Levine says, outweighs the risks posed by an unstable country.

  • HONG KONG, July 28- Asian stocks rose from the day's lows on Tuesday as Chinese shares see-sawed after Beijing scrambled to prop them up while some investors took shelter from market volatility in safe-haven assets such as government bonds and the Japanese yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent on the day after...

  • JAKARTA, July 28- British Prime Minister David Cameron sought to forge closer business ties with Indonesia on Tuesday, saying British investment could easily double if deals can be clinched on infrastructure projects. Indonesia is Cameron's first stop on a four-day trade mission to Southeast Asia to spur lucrative business deals and encourage new...

  • ZURICH, July 28- UBS said its provisions to deal with future legal tussles and regulatory run-ins stood at 2.368 billion Swiss francs in June and revealed a widening U.S. probe into bond funds sold by the Swiss bank's Puerto Rico arm. The bank said it is responding to inquiries from the Securities and Exchange Commission and the Financial Industry Regulatory...

  • TOKYO, July 28- Japan's Nikkei share average rebounded on Tuesday afternoon, recovering from a more than two-week low hit earlier in the session as Chinese shares pared losses. The Nikkei share average rose 0.1 percent in the afternoon after falling to as low as 20,070.62 in morning trade, the lowest level since July 13. The CSI300 index was down 1.0 percent, while...

  • TOKYO, July 28- The dollar firmed on Tuesday as cautious investors covered short positions ahead of the start of a two-day U.S. The dollar rose about 0.3 percent on the day to 123.570 yen after falling as low as 123.010 yen on Monday, while the euro was up about 0.2 percent at 136.92 yen, after rising as high as 137.10 in the previous session. "The Chinese market dropped...

  • *June factory output -8.0 pct y/y, biggest fall since March 2014. BANGKOK, July 28- Thailand's finance ministry on Tuesday cut its economic growth forecast for the third time this year due mainly to shrinking exports, a big obstacle to the trade-dependent country regaining traction. Since then, growth targets for Southeast Asia's second-largest economy have...

  • Sales were robust in Europe and North America but fell in China, usually a strong market for the company. Detroit- based General Motors Corp., the top-selling automaker for more than seven decades until being surpassed by Toyota in 2008, is expected to report its figure Thursday. Last year, Toyota sold 10.23 million vehicles, beating Volkswagen and General...

  • 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...