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Wires

  • LONDON, Aug 22- Germany's 10- year government bond yield was stuck near one-week lows on Tuesday ahead of a gathering of top central bankers later this week that could shed more on light on the direction for monetary policy. Bund yields have fallen back from 18- month highs hit in July-- shortly after comments from European Central Bank chief Mario Draghi were seen...

  • MELBOURNE, Aug 22- London copper rose to a fresh three-year high on Tuesday after a string of results from mining companies buoyed sentiment towards the sector, which also found wider support from robust gains in steel material prices in China. *LONDON COPPER: London Metal Exchange copper struck $6,642.50 a tonne, the highest since Nov 2014, before trading at...

  • LONDON, Aug 22- Britain, Spain and Europe's western mainland should experience below normal temperatures in the period from September to November, The Weather Company said on Tuesday. "As we head into the colder months of the year, we expect slightly below-normal temperatures to continue across western Europe, but don't foresee any extreme early-season winter...

  • LONDON, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at $52.06 a barrel by 0715 GMT. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added.

  • LONDON, Aug 22- European shares rose in early deals on Tuesday, rebounding from a three-day losing streak as results boosted heavyweight miners BHP Billiton and Antofagasta, while Provident Financial plunged after another profit warning. Britain's FTSE 100 was up 0.6 percent, and Germany's DAX jumped 0.7 percent. UK subprime lender Provident Financial shed...

  • HONG KONG, Aug 22- China's largest state-owned commercial banks are raising tens of billions of dollars to fund the country's Belt and Road investment push, according to people familiar with the matter, bolstering Beijing's ambitions as private capital pulls back. The cash, raised via banks' private equity or other investment platforms, is part of a broader push...

  • CAIRO, Aug 22- Egypt's Suez Canal revenues rose to $447.1 million in July from $427.2 million in June, the government said on Tuesday. The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising hit tourism and foreign investment.

  • SHANGHAI, Aug 22- China stocks ended higher as a unit of China Unicom surged by the daily limit for a second day, and as financial and materials firms also experienced strong gains. China United Network Communications Ltd shares rose 10 percent for a second consecutive day of limit-up trade. Shares in the China Unicom unit have risen following a statement from the...

  • HONG KONG, Aug 22- Country Garden Holdings Co Ltd, China's top property developer by sales, reported a record high six-month net profit as business in smaller cities continued to boom. Government curbs to rein in property prices in China have weighed on larger cities, with July showing the slowest growth in home prices since August 2016, although business in...

  • TOKYO, Aug 22- Japanese stocks inched down on Tuesday to cap their fifth straight day in the red amid lingering tensions on the Korean peninsula, though a strong rally in metals-linked shares helped steady the broader market. Investors were cautious as the United States and South Korea began long-planned joint military exercises on Monday, heightening...

  • MILAN, Aug 22- Italy, France and Germany have asked the European Commission to reinforce existing regulations that allow EU states to block foreign acquisitions of European companies, two Italian dailies reported on Tuesday. European Union leaders agreed in June to consider screening investments by state-owned Chinese firms, and France, Germany and Italy...

  • SINGAPORE, Aug 22- Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage...

  • *Final dividend rises to $0.43 from $0.14. It generated more cash than even in some years of the mining boom, slashed net debt by nearly $10 billion to $16.3 billion and tripled its final dividend to $0.43 a share. "Net debt looks very impressive... so the cash looks like it was applied to deleveraging versus extra dividends," Shaw and Partners analyst Peter O'Connor...

  • LONDON, Aug 22- Britain's second biggest housebuilder Persimmon said its first-half pre-tax profits rose 30 percent to 457 million pounds but it would remain cautious over land buying due to uncertainty around Brexit. Persimmon, which built just over 15,100 homes across the country in 2016, said its volumes rose 8 percent to 7,794 units in the first six months...

  • HONG KONG, Aug 22- China Construction Bank Corp is raising at least 100 billion yuan for a fund to finance investments related to Beijing's Belt and Road initiative, people familiar with the matter told Reuters. Chinese President Xi Jinping in May pledged a $124 billion funding boost to help his plan to build a modern Silk Road, connecting China with new and old...

  • UPPER DARBY, Pa.— Officials: 33 people injured when inbound train crashes into unoccupied parked train at station in suburban Philadelphia.

  • MELBOURNE, Aug 22- London copper steadied on Tuesday from three-year highs touched the session before, as the resumption of a rally in iron ore prices offered support to the sector. *LONDON COPPER: London Metal Exchange copper pared early losses to trade little changed at $6,593 a tonne by 0535 GMT. *SHANGHAI COPPER: Shanghai Futures Exchange copper climbed 1.1...

  • The Southeastern Pennsylvania Transportation Authority said the crash happened around 12:15 a.m. Tuesday. An inbound Norristown High Speed Line train crashed into an unoccupied, parked train at the 69th Street Terminal in Upper Darby, said SEPTA spokeswoman Heather Redfern. In an early morning news briefing, Upper Darby Mayor Nicholas Micozzie said at...

  • SEOUL, Aug 22- South Korea's new antitrust chief said he had been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, helping lift shares of major companies on Monday. How does cross shareholding at Hyundai work? However, he singled out Hyundai Motor Group, South Korea's No.2 conglomerate with...

  • BEIJING— Asian stock markets were mostly higher Tuesday after Wall Street gained as investors looked ahead to this week's gathering of central bankers in Jackson Hole, Wyoming. Seoul's Kospi added 0.4 percent to 2,364.57 while Tokyo's Nikkei 225 shed 0.1 percent to 19,379.75. Benchmarks in Taiwan, New Zealand, Singapore and Bangkok rose while Malaysia and the...