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  • SEOUL, March 22- Hyundai Motor Group companies' shareholders rejected on Friday Elliott Management's demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund's campaign to shake up South Korea's second-biggest family-run conglomerate. Although Hyundai fended off the threat from Elliott at the closely watched vote, it...

  • TOKYO, March 22- Eisai Co Ltd on Friday said it has begun phase 3 clinical trials of Alzheimer's treatment BAN2401, a day after the Japanese drugmaker and U.S. partner Biogen Inc scrapped trials for another Alzheimer's drug, aducanumab. The demise of aducanumab came after independent experts determined the trials had little hope of succeeding, marking the...

  • TOKYO, March 22- Japanese government bond yields plunged to their lowest since November 2016 on Friday after the Federal Reserve abruptly abandoned a tightening policy bias, sending U.S. bond yields sharply lower. Ten-year JGB futures gained 0.23 point to 152.96 yen in afternoon trade, with a trading volume of 18,720 lots. Japanese life insurers may shift a part...

  • HONG KONG, March 22- China's yuan inched down against the dollar as markets turned their attention from the U.S. "Investors may be focusing on the rationale behind the Fed and other central banks' dovishness, which is the prospect of slowing growth," said Frances Cheung, Singapore- based head of macro strategy for Asia at Westpac. The People's Bank of China set the...

  • LOUISVILLE, Ky., March 22- United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. Deutsche Post's DHL Group dominates the market, which is expected to grow to $105 billion by 2021.. "Over-the-threshold services is where the world is headed," Chris Cassidy, who joined UPS last year from GlaxoSmithKline PLC to oversee global...

  • NEW YORK, March 22- Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies. The first step, the separation of the company's Dow materials science division, is due to take effect on April 1.

  • Midwest has knocked out roughly 13 percent of the nations ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation. Crop damage exceeds $400 million in Nebraska alone, according to Nebraska officials. Ethanol delivered in the Gulf Coast is trading at 15 to 17 cents...

  • SHANGHAI, March 22- China stocks fell on Friday morning led by financial shares, as the market's rally showed signs of fatigue ahead of a fresh round of Sino-U.S. talks next week. **A U.S. trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on March 28-29 for the next round of negotiations,...

  • *Murphy will focus on Western Hemisphere after transaction. The deal between Murphy and PTTEP comes as M&A activity is heating up in Malaysia's oil and gas sector, where global companies pursuing expansion plans are spotting opportunities. Reuters reported that Murphy was nearing a deal to sell its Malaysian assets to PTTEP earlier on Thursday.

  • BEIJING, March 22- China is extending a public holiday to get people to travel and spend more as the government pins its hopes on a vast consumer base to help cushion an economic slowdown. People can have two more days off for the Labour Day holidays that start on May 1, which falls on a Wednesday this year, creating a 4- day break through May 4 to encourage more travel,...

  • CHICAGO, March 21- American Airlines pilots expect to test Boeing Co's 737 MAX software fix on simulators this weekend, the pilots' union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes. Boeing has been working on a software upgrade for an anti-stall system and pilot displays on its fastest-selling jetliner in...

  • INDONESIA'S GARUDA CANCELLING 49- PLANE BOEING 737 ORDER AFTER CRASHES- AFP.

  • TOKYO, March 22- Japan's annual core consumer inflation slowed in February as gasoline costs fell for the first time in more than two years, keeping the central bank under pressure to maintain, or even ramp up, stimulus to accelerate price growth to its 2 percent target. The data adds to growing signs that Sino-U.S. trade tensions and slowing global demand are...

  • BEIJING, March 22- China is urging rural governments to offer temporary subsidies to pig breeding farms and large-scale producers to help stabilize hog production, as the worst disease outbreak in years threatens to slash pork supplies. The agriculture ministry outlined measures on Friday to ensure a quick return to stable pig production, including...

  • *Corn supported by flooding in the western Corn Belt, including Iowa and Nebraska, two of the top three corn-producing states. Early estimates of lost crops and livestock are approaching $1 billion in Nebraska alone. *The U.S. National Oceanic and Atmospheric Administration said on Thursday that the extensive flooding in Nebraska and Iowa would persist in the...

  • SEOUL, March 22- Investors in Hyundai Motor Group companies rejected on Friday Elliott Management's demands for a massive special dividend, dealing a blow to the U.S. hedge fund's campaign to shake up South Korea's second-biggest family-run conglomerate. Elliott, founded by billionaire Paul Singer, successfully led a campaign against Hyundai's ownership...

  • March 21- Tesla Inc's vehicle deliveries scheduled across Europe, China and North America should be a "primary priority" for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an email to employees on Thursday. Deliveries set for two continents simultaneously with North America were a first for the Palo Alto,...

  • TOKYO, March 22- Japan's annual core consumer inflation slowed in February as gasoline costs fell for the first time in more than two years, keeping the central bank under pressure to maintain, or even ramp up, stimulus to accelerate price growth to its 2 percent target. The data adds to growing signs that Sino-U.S. trade tensions and slowing global demand are...

  • *Spot gold was down 0.1 percent at $1,308.26 per ounce as of 0119 GMT, after touching its highest since Feb. 28 at $1,320.22 in the previous session. *The dollar largely held onto the previous session's gains in early Asian trade on Friday, while sterling edged up on news that Britain could leave the European Union without a Brexit deal at a slightly later date.

  • HONG KONG, March 22- The United States warned in a report on Friday that increased meddling from China in Hong Kong had adversely impacted the city, straining international business confidence in the Asian financial hub. "The tempo of mainland central government intervention in Hong Kong affairs- and actions by the Hong Kong government consistent with...