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  • *German Q2 GDP 0.5 pct q/q. BERLIN, Aug 14- The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, data showed on Tuesday, suggesting that Europe's biggest economy is powering ahead despite trade-related business uncertainties. "Despite all of the prophecies of doom, the upswing is not only alive;...

  • VIENNA, Aug 14- Austrian bank BAWAG Group posted slightly better than expected second-quarter net profit on Tuesday as a tight grip on costs kept it on track to beat its targets for 2018.. The company backed by U.S. private equity group Cerberus Capital Management has been hoarding capital with a view to making further acquisitions after purchases including...

  • *MSCI ex- Japan subdued but Nikkei bounces 2.3 pct. *China data mostly softer than forecast, economy cools. The Shanghai blue chip index was off 0.9 percent and weighing on MSCI's broadest index of Asia-Pacific shares outside Japan which eased 0.25 percent.

  • *Australia's Domino's Pizza posts 12.4 pct profit jump. *NPAT A $133.2 mln vs analyst expectations of A $136.6 mln. "They're probably thinking this is the start of the slide," said Mathan Somasundaram, market portfolio strategist at Blue Ocean Equities, after Domino's stock dropped 9 percent to a near two-month low in morning trade.

  • BEIJING— China appealed to Washington on Tuesday not to misuse security concerns to hamper business activity after President Donald Trump signed a law that expands the jurisdiction of an investment review panel. "The United States should treat Chinese investors objectively and fairly and avoid making a national security review an obstacle to Chinese-U.S....

  • The yuan-denominated fund of Starquest Capital, or Xingjie Capital, underlines growing efforts by Chinese venture capitalists to fatten their wallets as valuations and financing needs rise with firms spending more time remaining private. Startups in China are up to 40 percent more expensive than their U.S. counterparts and, in some cases, even valued at...

  • EXCLUSIVE-SEQUOIA CAPITAL CHINA TEAMING UP WITH STATE-OWNED VENTURE CAPITAL FUND, JD.COM TO RAISE UP TO $6 BLN IN A NEW FUND- SOURCES.

  • EXCLUSIVE-YUAN-DENOMINATED FUND OF STARQUEST CAPITAL TO FOCUS ON LATE-STAGE TECH INVESTMENTS- SOURCES.

  • Aug 14- The union at the world's largest copper mine, Escondida in Chile, has called off a strike planned to start on Tuesday after agreeing to extend talks with operator BHP for another day. The announcement early on Tuesday comes amid fears of a repeat of last year's strike at Escondida, which jolted markets and dampened economic growth in Chile as it dragged on...

  • LAUNCESTON, Australia, Aug 14- Gold bulls must be wondering what needs to happen for them to catch a break, as recent positive demand numbers from top consumers India and China were blown away by the crisis gripping Turkey. Turkey isn't a major consumer of gold, but it still bought 21.6 tonnes in the second quarter of this year, and it was the fifth-biggest buyer in the...

  • BERLIN, Aug 14- Germany's Federal Statistics Office published the following provisional gross domestic product data on Tuesday. All figures show percentage changes. Detailed GDP growth figures are due on August 24.

  • Germany's economy, Europe's biggest, grew 0.4 percent in the first quarter— a figure that was revised upward Tuesday from the initial reading of 0.3 percent given in May. It has now grown for 34 of the past 37 quarters, said Carsten Brzeski, an economist at ING in Frankfurt, but he cautioned that "the challenges facing the German economy will increase rather than...

  • BERLIN, Aug 14- The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed on Tuesday. Gross domestic product in Europe's biggest economy expanded by 0.5 percent quarter-on-quarter, the Federal Statistics Office said. That compared with a Reuters forecast of 0.4 percent.

  • LOS ANGELES— Yosemite National Park's reopening can't come soon enough for Douglas Shaw. The 20- day closure during peak tourist season at one of the busiest parks in the U.S. cost Shaw $200,000 in lost revenue at his 120- person hotel just outside Yosemite. Shaw is among hundreds of business owners in small communities surrounding Yosemite who depend on...

  • BERLIN, Aug 14- Chinese ecommerce firm JD.com has agreed a deal with Unilever to move products like Lipton's tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more remote parts of the country. JD.com said in a statement that Unilever, which previously worked exclusively with logistics firms such as Deutsche...

  • *Q2 net profit 20 pct below expectations. *Operating costs jump 18.8 pct. TAIPEI, Aug 14- Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world's top contract electronics maker, analysts said.

  • PARIS, Aug 14- France's ILO unemployment rate decreased slightly to stand at 9.1 percent in the second quarter, compared to 9.2 percent in the previous quarter, data from the INSEE national statistics office shows. The ILO jobless rate corresponds to standards set by the International Labour Organisation to measure the percentage of those unemployed.

  • BANGKOK, Aug 14- A Thai court on Tuesday said it would extend a hearing into accusations of graft against Airports of Thailand Pcl and duty-free retailer King Power, delaying a decision on whether to take up the case. A former anti-graft official, Charnchai Issarasenanark, sued executives from both firms last year in a private capacity, accusing King Power of...

  • SINGAPORE, Aug 14- Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply. In July, Saudi Arabia told the producer group of the Organization of the Petroleum Exporting Countries that it had cut production by 200,000 barrels per day to 10.288 million bpd. OPEC said the demand...

  • SHANGHAI, Aug 14- China's yuan inched up against the U.S. dollar on Tuesday, as investors sold dollars to lock in to profits, while the market shrugged off a weaker official yuan midpoint and downbeat macro economic data. Pressure put on China's currency by the collapsing Turkish lira also faded on Tuesday morning, as Turkey found a moment's respite after its...