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  • BEIJING, Sept 22- China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating. While S&P had warned months ago that such a move may be on the cards, it said it decided to make the call after...

  • HOUSTON/ SAO PAULO, Sept 21- Brazil's Braskem has terminated a contract to buy light virgin naphtha and natural gasoline from Venezuela's state-run oil company PDVSA that would expire this month, the petrochemical company said on Thursday. The Sao Paulo- based firm declined to comment on the reason for ending the long-term supply agreement early, but said the...

  • *S&P says increased international use of China's yuan to support China's credit rating in coming years. *S&P says doesn't see direct link of China sovereign rating with movements in China's yuan. *China downgrade won't have big impact on flows into China's debt markets.

  • *S&P says increased international use of China's yuan to support China's credit rating in coming years. *S&P says doesn't see direct link of China sovereign rating with movements in China's yuan. *China downgrade won't have big impact on flows into China's debt markets.

  • *OPEC meeting to take place at 0800 GMT. The Organization of the Petroleum Exporting Countries and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices. The two OPEC members have both been invited to the meeting.

  • BEIJING, Sept 22- S&P Global Ratings said on Friday that China's deleveraging process will be much more gradual than expected in the next few years, a day after the agency downgraded the country's sovereign credit rating due to risks stemming form a rapid debt buildup. S&P analysts said during a teleconference the agency does not expect China's credit growth...

  • BEIJING, Sept 22- China's finance ministry said on Friday S&P Global Ratings' decision to downgrade the country's sovereign credit rating was "a wrong decision" that neglects the economic fundamentals and development potentials of the world's second-largest economy. S&P on Thursday cut China's long-term sovereign rating less than a month ahead of one of the...

  • MELBOURNE, Sept 22- Metals soured in Shanghai and London on Friday as investors slashed risk given escalating tensions on the Korean peninsula and ongoing jitters about China debt. *SHFE: In Shanghai, metals fell between 1 percent and 4.5 percent, with the steepest tumble in volatile nickel, which will also face higher trading fees on the Shanghai Futures...

  • *Strong U.S. exports, dry weather in Brazil buoy soybean prices. SINGAPORE, Sept 22- Chicago soybean futures on Friday were on track for a fifth consecutive week of gains, with prices underpinned by strong demand and dry weather threatening planting in Brazil. "The oilseed markets continue to have an eye on Brazil's dry soybean regions," said Tobin Gorey, director of...

  • TOKYO, Sept 22- Japan's Nikkei share average fell in choppy trade early on Friday, moving away from two-year highs as rising geopolitical tensions over North Korea sapped risk appetite. South Korea's Yonhap news agency reported North Korean Foreign Minister Ri Yong Ho as saying he believes the North could consider a hydrogen bomb test on the Pacific Ocean of an...

  • *N.Korea seen considering nuclear test in Pacific Ocean. TOKYO, Sept 22- Asian stocks fell and the Japanese yen and Swiss franc gained on the mooted possibility of North Korea conducting another hydrogen bomb test, this time in the Pacific Ocean. North Korean Foreign Minister Ri Yong Ho said on Friday he believes the North could consider a nuclear test on an "...

  • SYDNEY, Sept 22- Apple Inc's iPhone 8 launch in Sydney, one of the first cities to access the product in Australia, saw a bleak turnout as fans held out for the soon-to-be-released premium iPhone X. Hundreds of people usually gather at Apple's Sydney city store with queues winding down the town's main street, George Street, when there is a new product release.

  • *Wheat was supported as excessive rains in Argentina have threatened yield prospects, while Australia's crop has suffered from persistent dryness in the east. *The USDA reported export sales of U.S. soybeans in the latest week at more than 2.3 million tonnes, topping a range of trade estimates for 1.2 million to 1.5 million tonnes. *USDA said private exporters...

  • *N Korea tensions, China downgrade weigh on risk sentiment. TOKYO, Sept 22- The dollar edged down on the yen in early Friday trade against a backdrop of simmering tensions on the Korean peninsula, though the sharp divergence between U.S. and Japanese monetary policy contained the greenback's losses. North Korean Foreign Minister Ri Yong Ho said on Friday he...

  • Sept 22- Gold edged up from a four-week low on Friday as the latest twist in tensions between the United States and North Korea prompted investors to seek out the safe-haven asset. President Donald Trump ordered new sanctions against North Korea on Thursday and Pyongyang's leader defiantly vowed to persist with its nuclear and missile programmes and said it...

  • The rebalancing process was never going to happen overnight; it was never going to happen in a linear fashion; and it was always going to require a concerted effort, OPEC observed. OPEC has often stated that it wants to see the contango narrow as part of the rebalancing process. Crude in floating storage has fallen by 30 million barrels since the start of the year,...

  • *Yen's reaction limited to new U.S. sanctions on North Korea. MSCI's broadest index of Asia-Pacific shares outside Japan handed back earlier gains and was down 0.1 percent after falling 0.7 percent the previous day. "It is difficult to pass a verdict on the Fed's stance until it actually starts its balance sheet reduction and the markets can gauge its effects,"...

  • The Organization of the Petroleum Exporting Countries and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices. The two OPEC members have both been invited to the meeting. OPEC and some non- OPEC producers including Russia first agreed in November last year to cut their output by...

  • The stepped-up negotiations come with four more rounds of talks left after Ottawa and a self-imposed year-end deadline to finish the talks before Mexico launches campaigning for its July presidential election. The first two rounds of talks between the United States, Canada and Mexico focused on consolidating language on chapters covering small and...

  • SAN FRANCISCO, Sept 21- Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world's largest social network over secretive ads that run during election campaigns. Zuckerberg, broadcasting live on Facebook from company headquarters in Menlo...