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  • SYDNEY/ PARIS, Aug 21- U.S. corn fell almost 1 percent on Monday as forecasts for rain eased fears of widespread production losses due to recent dry weather, pushing prices to around an eight-week low. The most active corn futures on the Chicago Board Of Trade were down 0.75 percent at $3.63 a bushel by 1025 GMT, the lowest since June 27. The recent stretch of good...

  • *Greece's 10- year bond yields drop 5 bps in early trade. "Greece is still a credit that is risky and volatile, but at least it's now not one step away from default but two steps away," said DZ Bank strategist Daniel Lenz. "I think an upgrade was largely priced in so you won't see a huge amount of spread tightening- but still, it's possible that some high-yield investors...

  • HONG KONG, Aug 21- Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers. The aircraft would be operated mainly by Cathay Dragon, the sister airline of Cathay Pacific, it said in a statement...

  • DUBAI, United Arab Emirates— Qatar is denying an allegation that it is blocking Saudi planes from transporting Qatari citizens to the annual hajj pilgrimage. Qatar's Civil Aviation Authority issued the denial early on Monday, saying it told Saudi Arabian Airlines that the request must be coordinated with the Ministry of Islamic Affairs.

  • LONDON, Aug 21- Gold rose on Monday as tensions over North Korea fueled safe haven demand, while doubts over U.S. Investors were braced for North Korea's response to computer-simulated military exercises begun by South Korean and U.S. forces on Monday that will continue until Aug. 31. "Gold is being supported by the war games and the uncertainty in Washington," said...

  • *Nickel, Indonesia and the Philippines: http://tmsnrt.rs/2faVBvx. LONDON, Aug 21- Zinc prices climbed to their highest in nearly a decade on Monday as expectations of a market deficit fueled speculative buying, though technical factors are likely to limit gains. "We might see higher levels if the International Lead and Zinc Study Group confirms the zinc market...

  • SINGAPORE/ DUBAI, Aug 21- Iraq has informed its customers that it plans to switch its price benchmark for Basra crude in Asia to DME Oman futures from January, dropping the average of Platts' Oman- Dubai quotes, in a major shift in the way it prices its oil. The proposal by state-oil marketer SOMO would mark a significant change by OPEC's second-largest producer away...

  • KHOBAR, Saudi Arabia, Aug 21- Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no...

  • TAIPEI, Aug 21- Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display factory due for 2020.. Foxconn, which makes electronics under contract for clients such as Apple Inc, announced its $10...

  • FRANKFURT, Aug 21- AstraZeneca has stepped up its investment in messenger RNA drugs, a promising approach in genetic therapy, by spending more than 25 million euros on a research alliance with German biotech start-up Ethris. In a deal with Astra and its biotech division MedImmune, Ethris will receive 25 million euros upfront, research funding and milestone...

  • *Taiwan July exports orders +10.5 pct vs +12.25 pct Reuters poll f'cast. TAIPEI, Aug 21- Taiwan's export orders rose for the 12th straight month in July, fueled by solid demand for smartphones and other tech gadgets as global retailers and their suppliers prepare for peak-year end shopping season. Solid demand for Asia's exports, particularly electronics,...

  • COPENHAGEN, Denmark— French oil company Total is strengthening its position in the North Sea with the acquisition of Danish conglomerate AP Moller-Maersk's oil business for $7.45 billion. As part of the deal, the company will get $4.95 billion worth of Total shares. Total Chairman and CEO Patrick Pouyanne said the addition of Maersk Oil will "create a leading...

  • AMSTERDAM, Aug 21- Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance. Benchmark Brent crude futures were down 29 cents at $52.43 a barrel at 0856 GMT, after surging more than 3 percent in the previous session. West Texas...

  • JOHANNESBURG, Aug 21- South Africa's AngloGold Ashanti reported a first-half loss on Monday on costs related to layoffs and money set aside for litigation, but stuck to its full-year targets. Shares in Africa's biggest gold miner were down 3.2 percent to 130 rand at 0903 GMT, while the wider sector was off 1 percent. A class action suit, mostly relating to fatal lung...

  • *Markets looking to Fed's c.bank gathering in Jackson Hole. LONDON, Aug 21- World stocks struggled at a 5-1/ 2- week low on Monday, though metals dazzled with zinc at its highest in a decade, copper hitting a nearly three-year high and iron ore's gains in the last two sessions stretching to 5 percent. Traders were digesting the latest departure from Donald Trump's...

  • LONDON, Aug 21- European stocks fell further early on Monday as geopolitical jitters trickled over from Asian trading, though carmaker Fiat Chrysler and mining stocks helped limit losses. The risk-off move in Europe hit banks the hardest, down 0.8 percent with ING and French lenders Societe Generale, BNP Paribas and Credit Agricole among top losers.

  • *FTSE 100, mid caps down 0.2 pct. LONDON, Aug 21- UK shares dipped on Monday and were close to revisiting a three-month low as financial stocks fell on geopolitical jitters, though metal prices propped up the heavyweight mining sector. The blue chip FTSE 100 was down 0.2 percent at 7,306.67 points by 0853 GMT, set for its third straight session of losses, in line with a...

  • BUDAPEST, Aug 21- The forint eased on Monday, while most central European currencies were treading water, amid some expectations that the Hungarian central bank could try to weaken the currency in the statement it issues after a rate-setting meeting on Tuesday. The region's most dovish central bank is expected to keep its record-low interest rates on hold this...

  • Hong Kong shares gained 0.4 percent and mainland Chinese stocks rose 0.6 percent after Shanghai posted its strongest weekly gain in four months last week. Emerging Europe delivered a more modest performance, with Moscow and Polish shares up around 0.2-0.3 percent. Koon Chow, emerging macro and FX strategist at UBP, said riskier assets had been given a bit of a...

  • "We are now back in the days of more political uncertainty which does leave more questions on the economic outlook so perhaps leading towards more uncertainty for the pound in the coming days," said Alexandra Russell-Oliver, a strategist at Caxton FX in London. Sterling inched down 0.1 percent to $1.2870 in early trade in London. In July, the EU's top Brexit...