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  • *Farm relief package could cost India up to 1 trln rupees-sources. NEW DELHI, Jan 18- A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees, two sources with direct knowledge of the matter said. Modi's Bharatiya Janata Party lost three major state...

  • BEIJING, Jan 18- Base metals prices rose on Friday, with London copper and zinc both hitting their highest level so far this year, on optimism that the United States and top metals consumer China are closer to resolving their long-running trade dispute. *LME COPPER: Three-month copper on the London Metal Exchange rose as much as 0.8 percent to $6,037 a tonne, the most...

  • *Shanghai stocks higher, blue-chip CSI300 index up. Treasury Secretary Mnuchin weighs lifting tariffs on China- WSJ. SHANGHAI, Jan 18- Chinese stocks rose on Friday, posting their third straight week of gains, buoyed by hopes that Beijing and Washington could reach a deal to end their tariff war.

  • BENGALURU, Jan 18- Palladium held above $1,400 an ounce on Friday after surging to record levels in the previous session amid tight supplies and robust demand, while gold stood firm even as risk sentiment got a boost from hopes of progress in U.S.- China trade talks. Spot palladium climbed 1.3 percent to $1,414 per ounce by 0636 GMT, having hit an all-time high of...

  • *Algorithm identifies large oil deposit in Gulf of Mexico. *BP aims to deploy new Wolfspar technology in Angola, Brazil. LONDON, Jan 18- Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.

  • TOKYO, Jan 18- Japan's Nikkei rose on Friday to its best level in a month tracking a rally on Wall Street as hopes of a resolution to the U.S.- China trade dispute boosted risk appetite, while motor maker Nidec trimmed losses after its dismal earnings outlook. Market sentiment was lifted by a Wall Street Journal report that U.S. Treasury Secretary Steven Mnuchin...

  • SINGAPORE, Jan 18- Asian spot prices for liquefied natural gas continued to fall this week as importers in North Asia have largely finished their purchases for winter, but losses were stemmed as plants closed for maintenance. Spot prices for March delivery to Asia this week slipped to $8.20 per million British thermal units, down 10 cents from the previous week,...

  • BERLIN, Jan 18- Germany's Foreign Minister Heiko Maas said there needed to be a discussion about reopening the draft deal for Britain's planned exit from the European Union, but only if all EU countries supported the move. "In the end, it will be about the question whether to reopen the deal which needs the approval of all 27 member states, which means that everyone...

  • *Ghosn detained in Tokyo since initial arrest on Nov. 19. TOKYO, Jan 18- Arrested auto executive Carlos Ghosn improperly received 7.8 million euros in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp, the companies said on Friday. Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of...

  • *Hopes for thaw in US- China trade row lift equities. TOKYO, Jan 18- Asian stocks rose across the board on Friday as a report of progress in U.S.- China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. Spreadbetters expected European stocks to take their cue from Asia, with Britain's FTSE seen rising 0.45 percent, while...

  • NEW YORK, Jan 18- After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep...

  • NEW YORK/ HOUSTON, Jan 18- Energy fund managers took heavy losses last year with wrong-way bets on the prices of oil and natural gas, leading to a wave of closures in the volatile fund sector. Funds that have suspended operations included high-profile names such as Jamison Capital's macro fund, T. Boone Pickens' BP Capital and Andy Hall's main hedge fund at Astenbeck...

  • NEW YORK/ SAN FRANCISCO, Jan 18- Detained in a California lockup with hundreds of other immigrants seeking asylum, Duglas Cruz faced a choice. But his $1- a-day salary at the privately run Adelanto Detention Facility did not stretch far. That is more than four times the price at a Target store near the small desert town of Adelanto, about two hours northeast of Los...

  • TOKYO, Jan 18- Bank of Japan Governor Haruhiko Kuroda said he expected trade tensions between China and the United States to be resolved this year, a government official said at a key economic panel on Friday. Kuroda said he expected the two countries to reach an agreement on how to fix trade imbalances and protect intellectual property, according to the official.

  • TOKYO, Jan 18- Arrested auto executive Carlos Ghosn improperly received 7.8 million euros in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp, the companies said on Friday. A joint investigation by the companies has found that Ghosn, ousted as chairman from both automakers, received the compensation without discussing it...

  • BEIJING, Jan 18- London copper prices rose for a fourth straight session on Friday, hitting their highest level so far this year, on optimism that the United States and top metals consumer China are closer to resolving their long-running trade dispute. Analysts estimate as much as 1 million tonnes of copper smelting capacity will come on stream in China this year.

  • SHANGHAI, Jan 18- China's yuan was supported against the dollar on Friday after a report raised hopes of a deal in Sino-U.S. trade talks, though the local currency was still on course for its first losing week in more than a month. The Wall Street Journal reported on Thursday that U.S. China's Vice Premier Liu He will visit the United States on Jan. 30 and Jan. 31 for the...

  • TOKYO, Jan 18- Japanese government bond prices edged lower on Friday tracking a fall in U.S. The finance ministry on Friday offered to sell 600 billion yen of off-the-run JGBs with remaining maturities of 5 years to 15.5 years. Treasury yields rose on Thursday with the benchmark 10- year yield reaching near three-week highs as better-than-expected economic...

  • *OPEC says its Dec output fell by 751,000 bpd to 31.58 mln bpd. *But record US production of 11.9 mln bpd undermines OPEC efforts. OPEC, along with some other producers including Russia, cut oil output sharply in December before a new accord to limit supply took effect on Jan. 1, it said on Thursday, suggesting that producers have made a strong start to averting a glut in...

  • BEIJING, Jan 18- Germany welcomes progress in cooperation with China, especially in the financial sector, and aims to spur further development, its finance minister, Olaf Scholz, said in Beijing on Friday. Germany is expected to sign pacts with Chinese financial regulators during Scholz's visit, and its Bundesbank may also conclude an agreement with China on...