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  • *Company eyes sales of 2 million vehicles a year in China. BEIJING, Aug 16- Toyota Motor Corp is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that's gathering pace as China- Japan ties improve, said four company insiders with knowledge of the matter. The Tianjin expansion signals Toyota's willingness to...

  • MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in panel discussion at Central Bank Research...

  • Federal Reserve Today in Washington. 16- Aug Japan 1- year discount bill auction 16- Aug Japan Auction of 5- year government bonds 17- Aug Japan 3- month discount bill auction 20- Aug Norway Auction of Treasury bills 20- Aug Netherlands DTC Auction 21- Aug Germany Auction of 2- year Treasury notes 21- Aug Japan Auction of 20- year government bonds 21- Aug Spain...

  • MEXICO CITY, Aug 15- Mexico's economy minister on Wednesday said that Mexico and the United States may not meet an August goal to finish bilateral talks to revamp the NAFTA trade deal, which is beset by disagreements over automobile trade rules and other issues. The U.S.- Mexico talks resumed in July, without Canada, after negotiations involving all three...

  • TOKYO, Aug 16- Japan's exports rose 3.9 percent in July from a year earlier, Ministry of Finance data showed on Thursday. The rise compared with a 6.3 percent increase expected by economists in a Reuters poll. The trade balance came to a deficit of 231.2 billion yen, versus the median estimate of a 50.0 billion yen deficit.

  • WASHINGTON, Aug 15- The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday...

  • SINGAPORE, Aug 15- Singapore is the setting for new Hollywood movie' Crazy Rich Asians'- an adaptation of a best-selling novel that explores the insatiable consumerism of new money and old-world opulence in a continent producing more billionaires than anywhere else. In step with the film's release in the United States on Wednesday and ahead of its release in the...

  • The so-called "minibus" appropriations bill includes nearly $675 billion in spending for the Department of Defense, as well as about $182 billion for an array of domestic programs under the departments of Labor, Health and Human Services, Education and related agencies. Trump has threatened to shut down the government if Congress, which is controlled by his...

  • SAO PAULO, Aug 15- Miner Anglo American Plc expects to obtain licenses to expand its Minas-Rio multibillion-dollar iron ore mine in Brazil by June next year, the company's CEO for Brazil Ruben Fernandes told Reuters on Wednesday. Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up phase. The company aims at hitting a 26.5...

  • SANTIAGO, Aug 15- Management at the world's largest copper mine, Chile's Escondida, said it struck a deal on Wednesday on a new labor contract with the union representing most of its workers. "We are pleased to have taken this step," Patricio Vilaplana, Escondida's vice president for corporate affairs, said in a statement. He provided no further details, but news of the...

  • Aug 15- Cisco Systems Inc topped Wall Street targets for quarterly revenue and profit and forecast first-quarter sales above estimates on Wednesday, as the network gear maker's transition to a software-focused company gains traction. The company forecast first-quarter revenue growth of between 5 percent and 7 percent, implying $12.86 billion at the...

  • *Japan's Treasuries holding falls to lowest since late 2011. Japan's ownership of Treasuries decreased to $1.030 trillion in June, the lowest since October 2011. Japanese investors sold 455.8 billion yen of U.S. bonds in June, as the Federal Reserve's gradual rate-hike campaign curbed their appetite for Treasuries, according to data from Japan's Ministry of...

  • Turkey, India, Mexico, China, Thailand, and Taiwan reduced their holdings in June. "Emerging markets have started to shed their holdings of Treasuries," said Gennadiy Goldberg, senior rates strategist at TD Securities in New York, which could be a way to prop up their currencies. Treasury holdings by Turkey, currently embroiled in a political and trade conflict with...

  • That enforcement trend, according to four experts, could benefit Tesla as the company faces an SEC investigation of CEO Elon Musk's Aug. 7 tweet about "secured" financing for a private buyout of the company. I expect Tesla to pay zero, said Georgetown law professor Urska Velikonja, who is engaged in an ongoing analysis of SEC enforcement trends against companies...

  • Aug 15- Best Buy Co Inc said on Wednesday it would buy health services provider GreatCall Inc for $800 million in cash, its largest acquisition ever, as it focuses on selling products and services to an aging U.S. population. The acquisition offers Best Buy an opportunity to combine GreatCall's offerings with its merchandising, marketing, sales and services...

  • *Turkey doubles tariffs on U.S. cars, alcohol, cigarettes. ISTANBUL/ WASHINGTON, Aug 15- The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to...

  • *Turkish lira, euro helped by Qatar pledge. NEW YORK, Aug 15- Equities around the world took a dive led by emerging market stocks on Wednesday and commodities tumbled as investors looked for safety due to worries about China and Turkey. While fears of a crisis in Turkey still loomed, China was in sharp focus as the yuan sagged nearly 0.8 percent to 6.9514 per dollar,...

  • MILAN, Aug 15- Italy's anti-establishment government, outraged at the deadly collapse of a 50- year-old bridge, has presented the disaster as a warning to Brussels to give it more leeway to upgrade the country's ageing infrastructure. Gustavo Piga, economics professor at Rome's Tor Vergata University, said regardless of EU rules, Rome had not always...

  • MONTREAL, Aug 15- The Quebec government on Wednesday said it would spend C $863 million over five years to mitigate the impact of U.S. tariffs on companies and the Canadian province's agriculture sector. In June, Quebec said it would offer C $100 million in loans and loan guarantees to steel and aluminum companies hit by the U.S. tariffs. "The Quebec economy is today...

  • Aug 15- A unit of Citgo Petroleum in September plans to resume long-delayed work to refurbish an idled, 235,000- barrel-per-day oil refinery on Aruba, the Caribbean island's government said on Wednesday. Under a $685- million project that was approved in 2016 by Aruba's government in a 25- year lease contract, Citgo aims to revamp and restart a facility that has...