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Asia Top News and Analysis Ukraine

  • *China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. U.S. light crude was 5 cents lower at $46.73.

  • *FTSE 100 down 0.2 pct. The FTSE 100 fell 0.2 percent, heading for its first down day this week, following the lead of European indexes which edged back after a set of cautious minutes from the U.S. The FTSE 350 banking index, which had outperformed the FTSE 100 recently, fell back 1.2 percent.

  • *FTSE 100 down 0.2 pct. The FTSE 100 fell 0.2 percent, heading for its first down day this week, following the lead of European indexes which edged back after a set of cautious minutes from the U.S. The FTSE 350 banking index, which had outperformed the FTSE 100 recently, fell back 1.2 percent.

  • LONDON, Aug 17- Mining major BHP said on Thursday it was spending $2.46 billion to extend the life of the Spence copper mine in northern Chile by more than 50 years, creating up to 5,000 jobs and bringing new output online from 2021.. BHP Chief Executive Officer Andrew Mackenzie, under pressure from activist investors Elliott Advisors to increase shareholder...

  • LONDON— Retail sales in Britain, a key component of the economy, rose by a solid if unspectacular 0.3 percent in July from the month before as consumers remain constrained by falling real incomes. The rate of increase reported by the Office for National Statistics was unchanged from June's rise, which was downwardly revised from 0.6 percent.

  • *Commodities higher on expectation of China curbing supply. LONDON, Aug 17- European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world's largest economy. Germany's DAX, France's CAC 40 and the UK's FTSE 100 all fell 0.1 percent.

  • LONDON, Aug 17- Britain's pound held its ground on Thursday ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. "The monthly data have been so volatile recently that it is hard to see the underlying trend, but like most other domestic activity indicators, the pace of growth appears...

  • LONDON, Aug 17- Britain's pound held its ground on Thursday ahead of a third day of monthly data on the economy that comes amid growing noise around the conduct of Brexit negotiations with Europe. "The monthly data have been so volatile recently that it is hard to see the underlying trend, but like most other domestic activity indicators, the pace of growth appears...

  • The Jordan- based firm, which makes and markets branded and non-branded generic and injectable drugs, said it now expected 2017 revenue to be about $2 billion, at the lower end of its previous forecast of $2 billion- $2.1 billion. The firm's London- listed shares hit a more than three-year low with an 8.5 percent drop by 0754 GMT, the biggest percentage loser on...

  • LONDON, Aug 17- The euro on Thursday rose towards 2 1/ 2- year highs against the dollar seen earlier this month on bets that euro zone officials will embark on a gradual unwinding of their massive policy stimulus while U.S. policymakers looked increasingly wary. Even though the euro stumbled on Wednesday after sources signalled European Central Bank chief Mario...

  • WASHINGTON/ NEW YORK, Aug 16- President Donald Trump disbanded two high-profile business advisory councils on Wednesday after several chief executives quit in protest over his remarks blaming weekend violence in Virginia on anti-racism activists as well as white nationalists. A parade of prominent Republicans also rebuked Trump, as well as U.S. ally...

  • curb supply@ MELBOURNE, Aug 17- London copper, aluminium and zinc rose to multi-year highs on Thursday, leading a broad-based rally in metals, on expectations that China's reform of its metals industry will curb supply against a background of robust demand. A weaker dollar has added heat to the move in metals, but the broader story relies on China's property sector...

  • *Asia ex- Japan rises; Nikkei slips on stronger yen. SINGAPORE, Aug 17- Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve's concerns about weak U.S. inflation weighed on the dollar. European stocks look set for a weaker start, with financial spreadbetter CMC Markets expecting...

  • In partnership with the holders of the leaked Panama Papers, The Associated Press has found that the Thai family that co-owns Red Bull used offshore companies to cloak purchases of aircraft and luxury properties. The Associated Press found the suspect earlier this year at his family's London vacation home, which is actually owned by one of the offshore...

  • NEW YORK— U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. The Standard& Poor's 500 index dropped 38.10 points, or 1.5 percent, to 2,430.01, its lowest close since July 11. The Russell 2000 index of smaller-company stocks fell 24.59 points, or 1.8 percent, to 1,358.94.

  • *Asia ex- Japan rises; Nikkei slips on stronger yen. SINGAPORE, Aug 17- Asian stocks edged higher on Thursday as tensions between the United States and North Korea came off the boil, while the Federal Reserve's concerns about weak U.S. inflation weighed on the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent.

  • MELBOURNE, Aug 17- A broad-based rally in metals extended on Thursday to new multi-year peaks for London aluminum, copper and zinc, on expectations that China's reform of its metals industry will curb supply against a background of robust demand. *LME COPPER: London Metal Exchange copper struck its highest since November 2014 at $6,580 a tonne, before paring...

  • MELBOURNE, Aug 17- A broad-based rally in metals extended on Thursday to new multi-year peaks for London aluminium, copper and zinc, on expectations that China's reform of its metals industry will curb supply against a background of robust demand. *LME COPPER: London Metal Exchange copper struck its highest since November 2014 at $6,580 a tonne, before paring...

  • *Asia ex- Japan rises; Nikkei slips on stronger yen. SINGAPORE, Aug 17- Asian stocks edged up on Thursday as tensions between the U.S. and North Korea came off the boil, while worries about President Donald Trump's ability to implement his pro-growth agenda and the Federal Reserve's concerns about low U.S. inflation hit the dollar. MSCI's broadest index of...

  • WASHINGTON/ NEW YORK, Aug 16- President Donald Trump disbanded two high-profile business advisory councils on Wednesday after several chief executives quit in protest over his remarks blaming weekend violence in Virginia not only on white nationalists but also on anti-racism activists who opposed them. A parade of prominent Republicans and U.S. ally...