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  • SEOUL, South Korea— State media say that North Korean leader Kim Jong Un has harshly reprimanded local officials over a delayed construction project. It's Kim's second such public rebuke of officials and indicates he's struggling to improve the economy while engaging in talks with the United States over the fate of his nuclear arsenal. The Korean Central News...

  • BEIJING, July 17- China's new home prices accelerated to their fastest pace in almost two years in June, with buyer demand in bigger cities resilient in the face of fresh curbs against speculation, a sign more restrictions may be needed. Average new home prices in China's 70 major cities rose 1 percent in June from a month earlier, higher than the previous month's...

  • NEW YORK— Amazon is hoping customers don't see any more dogs, after early problems on Prime Day meant people trying to shop got only images of the cute canines delivering an apologetic message. In an email to The Associated Press, it said "many are shopping successfully" and that in the first hour of the 36- hour Prime Day in the U.S., customers ordered more items than in...

  • LONDON, July 17- Iran's oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world. Washington initially planned to totally shut Iran out of global oil markets after President Donald Trump abandoned a deal that limited Iran's nuclear...

  • Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday, followed by a testimony at the same time on Wednesday to the House of Representatives Financial Services Committee. "It seems that the markets are focusing on whether or not the trade war between the U.S. and China may affect the outlook for the...

  • SHANGHAI/ BEIJING, July 17- A Chinese blockbuster hopeful, backed by Alibaba Pictures Group and with a reported budget of over $100 million, has been abruptly pulled from cinemas in the country after sinking on its opening weekend at the box office. The move highlights the challenges being faced by China as it looks to promote home-grown productions to rival...

  • BEIJING, July 17- China's economy grew 6.7 percent in the second quarter, a slight slowdown from 6.8 percent in the first quarter, according to the National Bureau of Statistics on Monday. Following is a table of NBS data published on Tuesday showing a breakdown of second quarter GDP by major sector, with year-on-year growth rates for each. 2 Q2018 1 Q2018 4 Q2017 3...

  • TOKYO, July 17- Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days. Brent crude futures had climbed 28 cents, or 0.4 percent, to $72.12 a barrel by 0331 GMT. An oil worker strike in Norway intensified on Monday when hundreds more...

  • SINGAPORE, July 17- Chicago soybean and corn futures rose more than 1 percent each on Tuesday, supported by a slight decline in the condition of both crops which have benefited from near-perfect weather across the U.S. The most-active soybean contract on the Chicago Board Of Trade gained 1.1 percent to $8.55 a bushel by 0248 GMT, adding to last session's 1.4...

  • *Machinery stocks tumble on concerns about China's economy. TOKYO, July 17- Japan's Nikkei share average rose to hover at 3-1/ 2- week highs on Tuesday as a weak yen lifted exporters, offsetting weakness in machinery stocks hurt by weak Chinese economic data. The dollar strengthened 0.2 percent against the yen to 112.41 yen, ticking up towards a six-month high of...

  • TOKYO, July 17- Asian stocks sagged on Tuesday, weighed by a sharp decline in crude oil prices as Libyan ports reopened, while the dollar steadied ahead of Federal Reserve Chairman Jerome Powell's first congressional testimony. Overnight on Wall Street, the Dow edged up 0.2 percent but the S&P 500 lost 0.1 percent as energy shares were hit by the drop in oil that...

  • TOKYO— The European Union and Japan are signing a widespread trade deal Tuesday that will eliminate nearly all tariffs, seemingly defying the worries about trade tensions set off by President Donald Trump's policies. It was delayed from earlier this month because Japanese Prime Minister Shinzo Abe canceled going to Brussels over a disaster in southwestern...

  • BEIJING, July 17- China's new home prices accelerated to their fastest pace in almost two years in June, with buyer demand in bigger cities resilient in the face of fresh curbs against speculation, a sign more restrictions may be needed. Average new home prices in China's 70 major cities rose 1 percent in June from a month earlier, higher than the previous month's...

  • China's economy expanded at a slower pace in the second quarter as Beijing's efforts to contain debt hurt activity, while June factory output growth weakened to a two-year low in a worrying sign for investment and exporters as a trade war with the United States intensified. Three-month copper on the London Metal Exchange had risen 0.7 percent to $6,235.50 a...

  • BEIJING, July 17- China's new home prices rose 1 percent in June from a month earlier, up from an increase of 0.7 percent in the previous month, Reuters calculated from National Bureau of Statistics data published on Tuesday. On a yearly basis, average new home prices in China's 70 major cities increased 5 percent, quickening from the 4.7 percent gain in May, when...

  • BEIJING, July 17- China's new home prices rose 1 percent in June from a month earlier, up from an increase of 0.7 percent in the previous month, Reuters calculated from National Bureau of Statistics data published on Tuesday. On a yearly basis, average new home prices in China's 70 major cities increased 5 percent, quickening from the 4.7 percent gain in May, when...

  • TOKYO, July 17- The dollar slightly gained against its major peers on Tuesday, as investors awaited Federal Reserve Chairman Jerome Powell's first congressional testimony for any clues on the pace of U.S. interest rate rises. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday, followed by a...

  • July 16- A $1.1 billion U.S. shale pipeline on Monday was denied an exclusion to the Trump administration's tariff on imported steel, the first such ruling on a major energy project since the tariff went into effect. Pipeline operator Plains All American Pipeline LP's request was denied because suitable product is available from domestic producers, the...

  • TOKYO, July 17- Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days. Brent crude futures had climbed 36 cents, or 0.5 percent, to $72.20 a barrel by 0106 GMT. An oil worker strike in Norway intensified on Monday when hundreds more...

  • *The most active soybean futures on the Chicago Board Of Trade were up 1 percent to $8.54-1/ 4 a bushel by 0059 GMT, near the session high of $8.55-1/ 2 a bushel- the highest since July 12. *The USDA said 72 percent of the U.S. corn crop is in good to excellent condition, behind market expectations. *The USDA said 69 percent of the U.S. soybean crop is in good to excellent...