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Wires

  • SINGAPORE, Aug 21- Oil dipped on Monday, weighed down by rising U.S. output although a 13 percent fall in U.S. crude inventories since March indicated a gradually tightening market. Brent crude futures, the international benchmark for oil prices, were at $52.64 per barrel at 0639 GMT, down 8 cents, or 0.2 percent, from their last close. West Texas Intermediate crude...

  • *U.S. political woes, U.S.- South Korea drills keep markets jittery. TOKYO, Aug 21- Japanese stocks fell to a fresh 3-1/ 2- month low on Monday as global investors remained cautious amid worries over whether the Trump administration will be able to implement growth boosting measures. In the latest shakeup, the White House said U.S.

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.4 percent to 19,399.01 and South Korea's Kospi dipped 0.1 percent to 2,355.11. Investors will be scrutinizing remarks from the policymakers due to speak, including Fed chief Janet Yellen and European Central Bank head Mario Draghi, for any hints on the future direction of interest rates and economic...

  • *Tens of thousands protest in Hong Kong. LONDON, Aug 21- Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony. Hong Kong food conglomerate Lee Kum Kee is set to pay 1.28 billion...

  • MELBOURNE, Aug 21- London zinc rose to its highest price in a decade on Monday and nickel also rallied as investors ploughed into metals used by China's steel sector, seeing robust demand even as capacity is constrained by Beijing's drive to reform bloated industries. The USD has been weaker and the Federal Reserve has turned a bit more dovish so that is...

  • TOKYO, Aug 21- Benchmark Japanese government bonds were steady on Monday, underpinned by firmer U.S. Treasuries and weaker Japanese stocks. The 10- year cash JGB yield was flat at 0.035 percent, while the September 10- year JGB futures contract was up 0.07 point in afternoon trading at 150.78, touching its highest intraday levels since June 7.

  • TOKYO, Aug 21- Benchmark Japanese government bonds were steady on Monday, underpinned by firmer U.S. Treasuries and weaker Japanese stocks. The 10- year cash JGB yield was flat at 0.035 percent, while the September 10- year JGB futures contract was up 0.07 point in afternoon trading at 150.78, touching its highest intraday levels since June 7.

  • SYDNEY, Aug 21- Rising mortgage delinquencies and repossessions in outback mining towns are starting to bite Australia's banks, with Westpac Banking Corp the latest to report an increase on Monday. In a third-quarter update, Australia's second-biggest bank by market value said repossessions jumped 10 percent mainly due to weak conditions in resource-rich...

  • MADISON, Wis.— Wisconsin Assembly Democratic Leader Peter Barca was branded as failing "on all accounts" by a fellow Democrat who was "incredibly frustrated and concerned" with his actions after Barca joined Republicans in voting for a $3 billion tax incentive package for Foxconn Technology Group. Lisa Subeck of Madison spelled out her grievances to Barca on...

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • TOKYO, Aug 21- The dollar steadied on Monday, edging away from four-month lows against the yen plumbed in the previous session as investors turned their focus from political turmoil in Washington to the Federal Reserve's annual central banking conference in Wyoming. Reports of the impending departure of senior White House adviser Stephen Bannon, known for...

  • *Graphic of China seaborne coal imports vs. Virtually everybody in the coal industry can agree that the strong performance in seaborne thermal coal this year is being driven by market dynamics in top importer China. The argument for a structural change in China is quite compelling.

  • SHANGHAI, Aug 21- China's yuan turned softer against the U.S. dollar on Monday even amid firmer guidance from the central bank as corporate dollar purchases remained strong. Prior to market opening, the People's Bank of China set the midpoint rate at 6.6709 per dollar, slightly firmer than the previous fix 6.6744. The dollar had stumbled against a basket of major...

  • BEIJING— China is relaunching one of the world's fastest bullet trains, running at 350 kilometers per hour. China first ran trains at 350 kilometers per hour in August 2008, but cut speeds back to 250-300 kilometers per hour in 2011 following a two-train collision near the city of Wenzhou that killed 40 people and injured 191.. China has spent an estimated $360...

  • BENGALURU, Aug 21- Gold prices were little changed on Monday as investors sought further direction after a week of geopolitical uncertainty in the United States and Europe and ahead of a meeting of central bankers later this week. President Donald Trump fired his chief strategist Steve Bannon in the latest White House shake-up. "Political tensions were...

  • *Chalco up in Shanghai, Hong Kong on rising production. SHANGHAI, Aug 21- China stocks rose on Monday, led by telecoms group China Unicom which shot up by its daily limit after the securities regulator said its $11.7 billion ownership reform plan does not violate rules. The China Securities Regulatory Commission said Monday morning that a plan by Unicom's...

  • SYDNEY, Aug 21- U.S. corn fell nearly 1 percent on Monday as forecasts for rain eased fears of widespread production losses due to recent dry weather, pushing prices to around a seven-week low. The most active corn futures on the Chicago Board Of Trade were down 0.7 percent at $3.63-1/ 4 a bushel by 0341 GMT, having gained 0.4 percent in the previous session.

  • WASHINGTON— The nation's business economists believe that the Federal Reserve's long-awaited move to start reducing its massive bond holdings will push long-term bond rates higher but most think the impact will be fairly modest. The latest survey, out Monday, of the National Association for Business Economics found that 41 percent of economists surveyed...

  • BEIJING— The founder of a Chinese luxury online retailer has been extradited from Indonesia to face charges his company smuggled goods into China by having travelers pretend they were personal belongings, news reports said Monday. Ji faces charges of smuggling goods worth a total of 438 million yuan into China while failing to report their true value, the news...

  • Aug 20- Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy instead, people familiar with the matter said. The development represents a rare blow for Buffett, who avoids bidding wars for...