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  • SINGAPORE, Aug 18- The dollar slipped versus the yen on Friday, hampered by renewed investor concerns over the Trump administration's ability to push forward its economic policy agenda. The dollar fell 0.2 percent to 109.33 yen, pulling further away from this week's high of 110.95 yen that had been set on Wednesday. "If we do get another one or two weeks of risk-off, I...

  • *Asia is showing signs of stronger demand in H2 2017. SINGAPORE, Aug 18- Oil prices dipped on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, the international benchmark for oil prices, were at $50.99 per barrel at 0520 GMT, down 4 cents from their last close.

  • BEIJING, Aug 18- China's home price growth slowed in July, with Beijing declining for a second straight month, reinforcing expectations that property price growth may stagnate over the course of the year. As China's home price rises have generally been moderating and sales are slowing, analysts do not see a major risk of a sharp price fall or crash, given the...

  • SHANGHAI, Aug 18- China stocks fell on Friday morning, as basic materials producers- which recently enjoyed major gains- are now getting hit by profit-taking, even when they have announced strong earnings. China CSI300 stock index futures for August rose 0.1 percent, to 3,717.4, 1.90 points above the current value of the underlying index. "The market is relatively...

  • *Asia is showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51 per barrel at 0414 GMT, down 3 cents from their last close. West Texas Intermediate crude futures were at $47.06 a barrel, also down 3 cents.

  • *Spot gold may test resistance at $1,291/ oz- technicals. BENGALURU, Aug 18- Gold was mostly steady on Friday amid weaker Asian stocks, with some investors gravitating towards safe-haven assets on political uncertainty in the United States and after a van mowed through crowds in Barcelona, killing 13 people. Markets were further shaken as Spain mounted a sweeping...

  • SHANGHAI, Aug 18- China' a yuan eased against the U.S. dollar on Friday and looked set to post its first weekly loss since early July, after a strong multi-month rally. But the yuan has strengthened for three consecutive months from May till July, an unusual run for China's currency. Separately, China's foreign exchange regulator said on late Thursday that China will...

  • SAN FRANCISCO, Aug 17- The ousted chief executive officer of Uber Technologies Inc called a lawsuit filed against him by one of the company's top investors a "public and personal attack" without merit, according to court documents filed late on Thursday. Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the...

  • PYONGYANG, North Korea— Like all North Korean adults, Song Un Pyol wears the faces of leader Kim Jong Un's father and grandfather pinned neatly to her left lapel, above her heart. Song is what a success story in Kim Jong Un's North Korea is supposed to look like. Song is part of a paradigm shift within North Korea: Three generations into the Kim family's ruling dynasty,...

  • Aug 18- India's No. 2 IT Services company Infosys Ltd said Vishal Sikka had resigned as managing director and chief executive of the company with immediate effect, sending shares tumbling more than 7 percent in early trading on Friday. The founders, who still own 12.75 percent of the firm, had questioned a pay rise granted to Sikka and the size of severance payouts...

  • *China's top five lenders to start reporting earnings next week. *ICBC, CCB, BoC to report H1 results on Aug 30, Agbank on Aug 29. BEIJING/ SHANGHAI, Aug 18- Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs climb further in...

  • TOKYO, Aug 18- Japanese government bond prices were steady to a touch firmer on Friday with the market underpinned after gains by U.S. A drop in Tokyo shares, with the Nikkei hitting a three-month low on weaker Wall Street and stronger yen, also supported JGBs. Treasury prices rose on Thursday as investors, unnerved by a deadly attack in Barcelona and speculation...

  • *Kuwait, Brunei and Azerbaijan supplying Vietnam with crude. SINGAPORE, Aug 18- Vietnam's crude oil imports will soar to record highs in August as the country ramps up fuel refining at a time when local crude output is dwindling. August will mark the first month on record in which Vietnam is a net importer of crude oil, according to shipping data in Thomson Reuters...

  • Aug 18- Infosys Ltd said on Friday Vishal Sikka has resigned as managing director and chief executive of the company with immediate effect. U B Pravin Rao has been appointed as interim-managing director and chief executive, India's no. 2 software services exporter said in a statement. http://bit.ly/2v6GW6I. Sikka has now been appointed as executive...

  • Brazil accounted for more than 50 pct of broiler product supplies to China, the world's No. 2 poultry consumer, between 2013 and 2016, a Commerce Ministry statement said on Friday, according to a preliminary review. Brazil replaced the United States as the top supplier of chicken after China slapped anti-dumping duties on U.S. broiler chicken products in 2010..

  • *Wall Street logs losses as U.S. political woes rattle investors. TOKYO, Aug 18- Japan's Nikkei share average skidded to three-month lows on Friday, pressured by losses on Wall Street and a weaker dollar as doubts grow over whether President Donald Trump will be able to push through policies to boost U.S. economic growth. While Prime Minister Shinzo Abe's support...

  • MANILA, Aug 18- U.S. wheat futures climbed off contract lows on Friday, but gains were modest as investors remained largely bearish towards the grain amid ample global supply. Wheat for December delivery on the Chicago Board of Trade was up 0.5 percent at $4.42-3/ 4 a bushel by 0222 GMT, having touched a contract low of $4.38-3/ 4 on Thursday. A tender by Egypt on...

  • BEIJING, Aug 18- Growth in new home prices slowed in China in July with Beijing prices down for a second straight month, reinforcing expectations of further slowing later this year. New home price growth in China's top-tier cities were unchanged from June, while growth in Tier-2 cities fell 0.2 percentage points to 0.4 percent, the NBS said. In China's biggest...

  • BEIJING, Aug 18- Growth in new home prices slowed in China in July with Beijing prices down for a second straight month, reinforcing expectations of further slowing later this year. New home price growth in China's top-tier cities were unchanged from June, while growth in Tier-2 cities fell 0.2 percentage points to 0.4 percent, the NBS said. In China's biggest...

  • *Yunfeng to own 60 pct of MassMutual's Asia unit. HONG KONG, Aug 18- Yunfeng Financial Group, backed by Alibaba founder Jack Ma, said it would be the main investor in a $1.7 billion acquisition of U.S.-based insurer MassMutual International's Asia unit- a deal that sent Yunfeng's shares surging more than 20 percent. Yunfeng will own 60 percent of MassMutual Asia,...