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Wires

  • TOKYO, Feb 19- The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of currencies. The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as...

  • LONDON, Feb 19- It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing? The Riyadh government is carefully analysing the future price curve structure in oil markets because it regards prices further out as an important element in achieving a high valuation in what could be the biggest initial...

  • TOKYO, Feb 19- Japanese government bond prices were little changed on Monday, with the market caught between negative pressure from rallying stocks and a lift from the Bank of Japan's regular debt-buying. A wait-and-see mood also prevailed ahead of Tuesday's liquidity-enhancing JGB auction and limited market movements. The BOJ on Monday bought 270 billion...

  • SEOUL, South Korea— Asian markets were higher on Monday following Wall Street gains last week, as market jitters showed signs of easing. ANALYST'S TAKE: "For the most part, Asia markets look to take after the positive U.S. lead and edge higher alongside U.S. futures this Monday," said Jingyi Pan, a market strategist at IG in Singapore. BANK OF JAPAN: Bank of Japan Governor...

  • *Exports boosted ahead of Chinese Lunar New Year. TOKYO, Feb 19- Buoyant sales of cars and electronics led Japan's exports to a 14th straight month of growth in January but manufacturers' business confidence slid- highlighting fears of the rising yen disrupting an export-led recovery. Monday's news also followed gross domestic product data out last week...

  • WELLINGTON, Feb 19- Air New Zealand warned on Monday flights in and out of New Zealand faced major disruptions this week due to Cyclone Gita, set to hit the country on Tuesday, and encouraged passengers to defer travelling. New Zealand's MetService issued severe weather warnings for most of the country's South Island, expected to be hit by heavy rain and...

  • *Speculators cut net gold longs in the week to Feb. 13. Spot gold had risen 0.2 percent to $1,350.28 an ounce. U.S. gold futures slipped 0.2 percent to $1,353.10.

  • *Some focus turns to Israel- Iran tensions. TOKYO, Feb 19- Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and by worries over tensions in the Middle East. Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just its allies...

  • *Japan to use ODA to promote "Free and Open Indo-Pacific. SYDNEY, Feb 19- Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China's multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing's spreading influence, the Australian Financial Review...

  • SINGAPORE, Feb 19- Singapore Exchange Ltd said on Monday it will launch successor products to its flagship Indian equity index derivatives before the bourse's licence agreement with the National Stock Exchange of India expires in August 2018. The move comes days after India's three main bourses unexpectedly announced they would stop licensing their...

  • SYDNEY, Feb 19- Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China's multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing's spreading influence, the Australian Financial Review reported on Monday, citing a senior U.S. official.

  • TOKYO, Feb 19- Japan's Nikkei share average rose to a 1-1/ 2- week high on Monday morning as exporters took advantage of a pullback in the yen, while market heavyweights such as Fanuc and Fast Retailing helped boost the benchmark index. The Nikkei advanced 1.3 percent to 21,999.42 in midmorning trade, after rising to its highest level since Feb. 7 at 22,040.05.

  • MELBOURNE, Feb 19- London metals started the week lower on Monday as a resurgent dollar dragged down prices from one-month highs hit the session before and the Lunar New Year holidays reduced liquidity. *COPPER: London Metal Exchange copper had slipped by 0.6 percent to $7,189 a tonne by 0104 GMT, erasing small gains from the previous session when prices hit the...

  • *Spot gold rose 0.2 percent to $1,350.51 an ounce at 0120 GMT. *The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to scale back easy monetary policy. *Hedge funds and money managers cut their net...

  • SINGAPORE, Feb 19- Commodities trader Noble Group Ltd warned it faced a fourth-quarter net loss of up to $1.9 billion, citing challenging operating conditions, and said it was making progress on its restructuring talks for a debt-to-equity swap. Noble expects a total net loss of $1.7 billion to $1.9 billion for the quarter ending December 2017, stemming largely...

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, having recovered more than 40 percent of their losses from late last month to last week's low. Trading is expected to be slower than usual due to market holidays in the United States as well as Greater China and Mumbai. "The stocks' valuation has become cheaper to levels that are on par...

  • West Texas Intermediate crude for March delivery was up 5 cents, or 0.1 percent, at $61.73 a barrel by 2348 GMT, after rising 4.2 percent last week. Surging U.S. production is offsetting efforts by the Organization of the Petroleum Exporting Countries and some other producers including Russia to curb production by 1.8 million barrels per day till the end of 2018..

  • *China's imports of nickel ore: http://tmsnrt.rs/2Bzsmf9. *China's imports of Indonesian NPI: http://tmsnrt.rs/2C2T2pw. Indonesia, however, is waiting in the wings.

  • TOKYO, Feb 19- Japan's exports grew in January for a 14th straight month led by brisk shipments of China- bound hybrid cars and electronics parts, a sign solid global demand for Japanese goods continued to underpin growth in the world's third largest economy. Ministry of Finance data showed on Monday that exports grew 12.2 percent in January from a year earlier,...

  • NEW DELHI/ MUMBAI, Feb 18- The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies. The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi...