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Wires

  • *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,...

  • SAN FRANCISCO, Aug 17- A digital rights group based in San Francisco on Thursday criticized several internet companies for removing neo-Nazi groups from servers and services, saying the actions were "dangerous" and threatened free expression online. "We strongly believe that what GoDaddy, Google, and Cloudflare did here was dangerous," Cindy Cohn, executive...

  • SAN FRANCISCO, Aug 17- A digital rights group based in San Francisco on Thursday criticized several internet companies for removing neo-Nazi groups from servers and services, saying the actions threatened free expression online. "We strongly believe that what GoDaddy, Google, and Cloudflare did here was dangerous," Cindy Cohn, executive director of Electronic...

  • *The most-traded wheat, for September delivery, on the Chicago Board of Trade was up 0.6 percent at $4.43-/ 14 a bushel by 0128 GMT, having touched a contract low of $4.12-1/ 4 on Thursday. *A tender by Egypt on Wednesday drew offers totalling around 1 million tonnes of Russian wheat, underlining big supplies from Russia. Egypt, the world's largest wheat importer, booked...

  • BEIJING, Aug 18- China on Friday launched an anti-dumping investigation into imports of Brazilian broiler chicken and products after a complaint from the domestic industry that the South American country has been selling its chicken below market value. Brazil accounted for more than 50 pct of broiler product supplies to China between 2013 and 2016, a...

  • BEIJING, Aug 18- Average new home prices in China's 70 major cities rose 0.4 percent in July from the previous month, slowing from June's 0.7 percent growth as policymakers worked to cool an overheated market. Compared with a year ago, new home prices rose 9.7 percent in July, slowing from a 10.2 percent gain in June, Reuters calculated from National Bureau of...

  • SYDNEY, Aug 18- Shanghai metals futures opened lower across the board on Friday, weighed down by currency uncertainty and negative sentiment in metals markets overnight. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange fell more than 1 percent to 50,620 yuan a tonne. *COPPER SMELTER WORK: Dongying Fangyuan Nonferrous Metals...

  • HONG KONG, Aug 18- Chinese personal computer maker Lenovo Group Ltd is more confident it can achieve its turnaround goal for its mobile business in the second half of fiscal year 2018, Chairman and Chief Executive Yang Yuanqing told Reuters on Friday.

  • BENGALURU, Aug 18- Gold was mostly steady early 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 at least 13 people. *Spot gold was nearly unchanged at $1,286.60 per ounce by 0113 GMT, after climbing for two...

  • BENGALURU, Aug 18- Gold was mostly steady early 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 at least 13 people. *Spot gold was nearly unchanged at $1,286.60 per ounce by 0113 GMT, after climbing for two...

  • *Lenovo loss $72 mln vs analyst f'cast of $5.29 mln profit. HONG KONG, Aug 18- Chinese personal computer maker Lenovo Group Ltd posted a first-quarter loss on Friday citing higher costs and slower growth in the personal computer market, and said the outlook was challenging due to supply constraints. It was the company's first quarterly loss since September 2015...

  • BEIJING, Aug 18- China on Friday launched an anti-dumping investigation into imports of Brazilian broiler chicken and products after a complaint from the domestic industry that the South American country has been selling its chicken below market value. Brazil accounted for more than 50 pct of broiler product supplies to China between 2013 and 2016, the...

  • SINGAPORE, Aug 18- The dollar edged lower versus the yen on Friday, hampered by renewed investor concerns over the Trump administration's ability to push forward its economic policy agenda. News of a deadly attack in Barcelona and speculation on Thursday over the possible departure of White House Economic Adviser Gary Cohn rattled markets, sparking a selloff...

  • *China's imports from North Korea: http://tmsnrt.rs/2fNLAVt. LONDON, Aug 17- Lead has been an unlikely and unforeseen beneficiary of the North Korea missile crisis. China, which signed up to the U.S.-drafted resolution, will lose an increasingly significant flow of raw materials to its lead smelters.

  • SINGAPORE, Aug 18- Oil prices fell early 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 $50.93 per barrel at 0031 GMT, down 10 cents, or 0.2 percent, from their last close. Going forward, much will depend on output levels...

  • *Asia ex- Japan, Nikkei drop as risk aversion reigns. SINGAPORE, Aug 18- Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent in early trade, but still looked set to gain 1.4 percent for the week after tensions...