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  • TOKYO, Oct 20- One of Kobe Steel Ltd's copper plants was being inspected for a possible breach of industrial standards, the government said on Friday, while the company said it was investigating reports it continued shipping products after discovering widespread tampering of product data. If the company's products fail to meet industrial standards set by the...

  • LONDON, Oct 20- Britain's pound skidded to a two-week low on Friday amid doubts over the outlook for Bank of England interest rate moves and concerns over Brexit. Although investors are pricing in an 80 percent chance of a first 25 basis-point interest rate hike will come at the Bank of England's next policy meeting on Nov. 2, doubts are growing about future rate...

  • SYDNEY/ WELLINGTON, Oct 20- Temporary workers and foreign students previously drawn to New Zealand on the promise of gaining residency will start leaving en masse, migration agents say, as the incoming coalition government promises to cut record migration. New Zealand had almost 122,000 international students in 2016, up 40 percent from three years earlier,...

  • BARCELONA, Spain— Bank customers in Catalonia are withdrawing money from financial institutions that have moved their official headquarters to other locations in Spain amid a political crisis over the region's independence bid. Dozens of people were lining up Friday at a CaixaBank branch in downtown Barcelona, most of them withdrawing 150 or 160 euros from...

  • LONDON, Oct 20- The U.S. dollar climbed on Friday, on track for its first weekly rise in two, as progress of the U.S. tax plan through the Senate raised hopes of a fiscal boost to the economy, though the lack of inflationary pressures checked gains. Hopes of a fiscal boost to the U.S. economy after President Donald Trump promised major tax reforms pushed the dollar up to a...

  • WASHINGTON— Republicans must now shift their focus to enacting President Donald Trump's sweeping tax plan, a far heavier lift than the $4 trillion budget plan they've muscled through the Senate to lay the groundwork for the first tax overhaul in three decades. The Senate methodically worked through a pack of amendments, with Republicans rebuffing Democrats'...

  • BEIJING— A senior figure in China's ruling Communist Party accused a dismissed regional leader of plotting a coup against the party leadership in the clearest explanation yet of the abrupt firing of the former rising star. Sun Zhengcai was dismissed in July as party leader in the western megacity of Chongqing and was among other disgraced former officials...

  • LONDON, Oct 20- European shares rose in early deals on Friday, recovering some losses as well-received earnings reports boosted shares in Volvo and Ericsson, though political malaise held back Spanish stocks. Spain's benchmark IBEX was in negative territory, however, down 0.1 percent ahead of a special cabinet meeting on Saturday which could see Spain...

  • SHANGHAI, Oct 20- Shanghai stocks eked out modest gains on Friday but ended the week lower, amid concerns China's economy is losing momentum after official data showed growth slowing in the third quarter and property sales softening. Zhang Yidong, strategist at Chinese brokerage Industrial Securities, wrote in a report that Zhou's reference to a "Minsky moment"...

  • HONG KONG— Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall, joining other world exchanges in going fully automated. The bourse's operator, Hong Kong Exchanges& Clearing, says it will close the trading hall by the end of the month and turn the space into a showcase for the city's...

  • BRUSSELS— European Union leaders have gathered to weigh progress in Brexit negotiations as they look for new ways to speed up the painfully slow moving process. British Prime Minister Theresa May's office said she told her 27 EU partners that "the clear and urgent imperative must be that the dynamic you create enables us to move forward together."

  • STOCKHOLM, Oct 20- Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain. Sweden's biggest manufacturer by sales also raised its outlook for truck markets on both sides of the North Atlantic this year and forecast a...

  • Oct 20- InterContinental Hotels Group reported a slowdown in revenues in its Americas business on Friday, due to the affects of Hurricanes Harvey and Irma on the regional business. Revenue per available room, a key industry measure, at its Americas business rose 0.8 percent in the three months ended Sept. 30, compared with a 1.1 percent rise in the second quarter...

  • *Spot gold may be rangebound between $1,278 and $1,291/ oz- techs. The Republican-controlled Senate voted for the budget measure late on Thursday by 51- to-49, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed tax cuts. "The dollar is up on account of the Senate vote... which in turn could pave the way for...

  • TOKYO, Oct 20- Japanese government bond yields inched up on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. The yield on the 10- year JGBs rose 1.0 basis point to 0.070 percent, while the 10- year JGB futures price dropped 0.07 point to...

  • SINGAPORE, Oct 20- Singapore- based online gaming and e-commerce firm Sea Ltd has raised about $890 million in its U.S IPO after pricing the offering above expectations, Thomson Reuters publication IFR reported, citing two people with knowledge of the transaction. Supported by strong demand, the shares were sold at $15 each, more than its marketed range of $12$ 14...

  • *Global refiners import U.S. oil to make up for OPEC cuts. SINGAPORE, Oct 20- Oil prices rose on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China economic optimism still weighed somewhat on markets. "I think he is trying to warn people that we can't keep running... at that rate because it implies an ongoing...

  • HONG KONG— Asian shares pushed higher Friday on investor optimism over the global outlook despite uncertainties over the outcome of political events in China and Japan and speculation over Trump's choice for the next Fed chief. Hong Kong's Hang Seng index rebounded 1.0 percent to 28,442.25 after a big sell-off the day before, while the Shanghai Composite in...

  • BEIJING, Oct 20- China's movie box office revenue is expected to grow in 2017 at more than three times the pace of last year thanks to the success of blockbusters like " Wolf Warrior 2", the media regulator said on Friday. "The rapid development of the film industry has been a big bright spot for China's culture industry," Zhang told a press conference in Beijing.

  • SYDNEY, Oct 20- Australia's near 100- year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co, closed its plant in South Australia to move manufacturing to cheaper locations. The government plans to increase defence spending by nearly A $30 billion by 2022, with the manufacture of a fleet of frigates, armoured personnel...