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  • SHANGHAI, Dec 15- China's yuan inched up against the U.S. dollar on Friday, poised for a winning week as the U.S. currency comes under pressure from concerns about the progress of U.S. tax reforms. Meanwhile, wrangling in Congress over a bill to change the U.S. tax code also dented confidence. Prior to market opening, the People's Bank of China set the midpoint rate at...

  • *Wall Street slumps on concerns about U.S. tax reform bill. TOKYO, Dec 15- Asian shares erased earlier modest gains on Friday but were still on track for a weekly rise, as sentiment was hurt by Wall Street's weakness on concerns about the progress of U.S. tax reform. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 percent, but poised to gain 0.7...

  • *Spot gold expected to test resistance at $1,262/ oz- technicals. "The U.S. dollar is weakening a little and that's benefiting gold," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. President Donald Trump's efforts to win passage of a sweeping tax bill in the U.S. Congress hit potential obstacles on Thursday when two more Republican senators...

  • *Japan re-exports LNG to China in unusual move. *Tankers from the Americas divert to China. SINGAPORE, Dec 15- Liquefied natural gas is being re-exported to China from Japan and tankers are being diverted from as far away as Brazil, with traders rushing to find cargoes in the face of a supply crunch in the world's No.2 economy as winter bites.

  • BLYTHEVILLE, Ark.— A jury has convicted a man of second-degree murder in the shooting of a farmer who accused him of applying herbicide to crops that the farmer said drifted onto nearby land and damaged plants. A Mississippi County Circuit Court jury late Thursday convicted Allan Curtis Jones, of Arbyrd, Missouri, who admitted to shooting Mike Wallace last...

  • MANILA, Dec 15- U.S. soybeans ticked higher on Friday, but were still on course for the biggest weekly loss in almost two months on expectations of rains in Argentina, the world's third biggest supplier. Soybeans for March delivery on the Chicago Board of Trade were up 0.2 percent at $9.69-1/ 4 a bushel by 0358 GMT. The market had been supported by worries over dry...

  • SAO PAULO, Dec 14- The operator of Burger King restaurants in Brazil and its shareholders raised 2.2 billion reais in an initial public offering on Thursday, topping the busiest week for capital markets in the country in more than four years. This week was the busiest for capital markets in Brazil in more than four years, with IPOs raising $2.1 billion.

  • TOKYO, Dec 15- Japanese government bond prices were supported on Friday, with futures edging up as Tokyo stocks slipped and enhanced demand for safe-haven debt. March 10- year JGB futures were 0.04 point higher at 150.92. The Bank of Japan on Friday offered to buy 290 billion yen of 10- year to 40- year JGBs as a part of its regular debt-purchasing operation, helping...

  • TOKYO, Dec 15- The dollar was on the defensive on Friday after wrangling over a bill to change the U.S. tax code dented confidence, while the euro sagged after the European Central Bank signalled it would maintain stimulus for as long as needed. The greenback was off 0.2 percent at 112.170 yen, having dropped to an eight-day low of 112.065 overnight.

  • *Big manufacturers' sentiment index at plus 25 vs f'cast. TOKYO, Dec 15- Japanese business confidence improved for a fifth straight quarter in the three months to December to hit an 11- year high, a central bank survey showed, a sign the economy is gathering momentum from robust exports and booming corporate profits. Nudging cash-rich firms into spending more on...

  • TOKYO, Dec 15- Japanese stocks fell to more than a week low on Friday morning, with mobile firms extending a sell-off on concerns of increased competition after Rakuten said it aims to become Japan's fourth wireless carrier. Taking the cue from weak U.S. stocks overnight, the Nikkei share average declined 0.7 percent to 22,525.77 in midmorning trade after...

  • MANILA, Dec 15- U.S. soybean futures were steady on Friday, but were on course to post their steepest weekly loss in more than four months on expectations of rains in Argentina, the world's third biggest supplier. *Soybeans for March delivery on the Chicago Board of Trade were flat at $9.68 a bushel, as of 0201 GMT, and have lost 2.2 percent so far this week, the most since...

  • SEOUL, Dec 15- A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world's busiest virtual currency exchange, Bitthumb. The Korea Blockchain Industry Association said in a statement users would only be allowed to trade virtual currency...

  • SAN FRANCISCO, Dec 14- Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct. Pishevar, who has denied the accusations, said in a statement provided by his lawyer that he was voluntarily leaving...

  • Dec 14- Elliott Management Corp is readying for a new fight with Hess Corp to remedy what the activist hedge fund called on Thursday "continuing underperformance" by the U.S. oil and gas producer. This would be the second time the New York- based investment firm, which owned 6.6 percent of Hess as of Sept. 30 according to Thomson Reuters data, has targeted the company.

  • Dec 14- A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major case against McDonald's Corp. The 3-2 decision by the National Labor Relations Board reversed the...

  • SEOUL, Dec 15- A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world's busiest virtual currency exchange, Bitthumb. The statement added virtual currency exchanges with more than 2 billion won worth in assets would be allowed to...

  • SYDNEY, Dec 15- Copper and aluminium led gainers in Shanghai base metals futures on Friday, helped by overnight increases in the London market on the back of upbeat China manufacturing data. Aluminium was getting a second boost from separate China data showing production for November slumped to 2.35 million tonnes, which was down 7.7 percent from October and...

  • SYDNEY, Dec 15- Copper and aluminum led gainers in Shanghai base metals futures on Friday, helped by overnight increases in the London market on the back of upbeat China manufacturing data. Aluminum was getting a second boost from separate China data showing production for November slumped to 2.35 million tonnes, which was down 7.7 percent from October and the...

  • *Spot gold was nearly unchanged at $1,253.20 an ounce, as of 0054 GMT, after dipping 0.2 percent in the previous session. *The dollar was on the defensive on Friday after wrangling over a bill to change the U.S. tax code dented confidence, while the euro sagged after the European Central Bank signalled it would maintain stimulus for as long as needed.