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  • BEIJING, June 21- China's commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt. China believes its previous trade negotiations with the United States were positive and constructive, but because the U.S. government is being...

  • SINGAPORE, June 21- U.S. wheat futures rose for a second session on Thursday as the market was supported by dry weather reducing production in top exporters Russia and Australia. Wheat futures are being supported by dry weather cutting production in Russia, the world's biggest exporter, and Australia, the No.4 supplier. Dryness in Russia and Australia comes...

  • *Canada, Russia could be poised to benefit. The festering trade spat between Washington and Beijing means that U.S. exporters would probably be unable to capitalize on increased Chinese demand for wheat, traders said, leaving other major growers such as Canada and Russia set to take advantage. She said that came after drought hit crops in parts of the key...

  • *Oil wary ahead of OPEC meeting on risk of expanded supply. SYDNEY, June 21- Asian shares crept ahead on Thursday as a lull in the Sino-U.S. trade tussle and talk of more Chinese stimulus helped calm nerves, while tensions in the oil market grew ahead of an OPEC meeting that could expand the supply of crude. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • BEIJING, June 21- China will maintain normal relations with Iran, the Commerce Ministry in Beijing said on Thursday. Ministry spokesman Gao Feng made the comment when asked at a regular news briefing if Chinese firms would withdraw from the Iranian market. President Donald Trump pulled the United States out of an international nuclear deal with Iran in May and...

  • BEIJING, June 21- China will maintain normal relations with Iran, the Commerce Ministry in Beijing said on Thursday. Ministry spokesman Gao Feng made the comment when asked at a regular news briefing if Chinese firms would withdraw from the Iranian market. President Donald Trump pulled the United States out of an international nuclear deal with Iran in May and...

  • MANILA, June 21- London copper rebounded from a three-week low on Thursday after China said it was eyeing cuts in banks' reserve requirement ratios and other measures to spur economic growth, which could support copper demand in the world's top user. Nickel prices in London and Shanghai also jumped, supported China's state radio quoted a cabinet meeting as...

  • CANBERRA, Australia— Australia's prime minister achieved an important political victory on Thursday when the Senate passed personal income tax cuts worth 144 billion Australian dollars over a decade. Turnbull on Wednesday refused to the split the legislation so that the Senate could reduce taxes for those on lower incomes but not for higher-income...

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran has so far resisted OPEC production rise. Iran, a major supplier within the producer cartel of the Organization of the Petroleum Exporting Countries, signaled on Wednesday it could agree on a small increase in the group's output during a meeting to be held at OPEC's headquarters in Vienna on June 22...

  • MANILA, June 21- London copper rebounded from a three-week low on Thursday after China said it was eyeing cuts in banks' reserve requirement ratios and other measures to spur economic growth, which could support copper demand in the world's top user. Three-month copper on the London Metal Exchange was up 0.9 percent at $6,836 a tonne by 0128 GMT, recovering from...

  • BEIJING, June 21- China could hit back at U.S. firms listed on the Dow Jones Industrial Average if U.S. Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if China follows through with retaliation against his previous targeting of $50 billion in imports. "If Trump continues to escalate trade tensions with China, we cannot rule...

  • *Spot gold was up 0.1 percent at $1,269.05 an ounce by 0055 GMT. It touched $1,267.40 on Wednesday, its lowest since Dec. 22. *It is too early to assess the monetary policy impact of an escalation in trade tariffs between the United States and its partners but there is no reason for optimism, the head of the European Central Bank said on Wednesday.

  • SINGAPORE, June 21- Chicago wheat futures rose for a second session on Thursday with prices underpinned by dry weather reducing output in key exporters Russia and Australia. *The Chicago Board of Trade wheat futures are being supported by dry weather cutting production in Russia, the world's biggest exporter, and Australia, the No.4 supplier.

  • *OPEC to meet in Vienna on June 22 to agree output policy. *Iran previously resisted any OPEC output rise. SINGAPORE, June 21- Oil prices dipped on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree a supply increase during a meeting on June 22.

  • BEIJING, June 20- China will use targeted cuts in banks' reserve requirement ratios and other policy tools to boost credit support for small firms and keep economic growth steady, state radio on Wednesday quoted a cabinet meeting as saying. From September 1 until the end of 2020, interest income from credit up to 5 million yuan for eligible small firms and...

  • CARACAS, June 20- Venezuela on Wednesday tripled its minimum wage to 3 million bolivars per month, equivalent to just $1.14 at the black market exchange rate, as the crisis-ridden OPEC nation struggles under hyperinflation. President Nicolas Maduro in a televised broadcast said workers would also receive 2.2 million bolivars in meal tickets, taking total...

  • *Oil eases ahead of OPEC meeting on risk of expanded supply. SYDNEY, June 21- Asian shares were subdued on Thursday as a lull in the Sino-U.S. trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply. MSCI's broadest index of Asia-Pacific shares outside...

  • TOKYO, June 21- The dollar hovered near an 11- month high against a basket of currencies on Thursday, supported by a rise in U.S. yields, while the pound struggled at its lowest level since November 2017 ahead of Bank of England's monetary policy decision. Buoying the greenback, long-term Treasury yields bounced back from three-week lows on Wednesday as risk...

  • *China slaps 25 pct import tax on U.S. cotton from July 6. MUMBAI/ BEIJING, June 20- India's cotton shipments to China could grow five-fold to 5 million bales in the next crop year as exporters rack up orders amid a trade war that is forcing the world's top consumer to look for other sources of supply. "In the last few weeks we are getting good inquiries from China for the...

  • LANGKAWI, Malaysia, June 20- Former Malaysian prime minister Najib Razak sat down with Reuters reporters for his first sit-down interview since his shock May 9 election defeat, and talked extensively about the 1 MDB scandal, the hundreds of luxury handbags and other assets seized from him by the Malaysian authorities, and how he is coping with the investigation.