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  • BEIJING— China's government has criticized a U.S. decision to launch a trade probe of Beijing's technology policy as a violation of the global trading system and said it will "resolutely defend" any Chinese companies that are hurt. A Commerce Ministry spokesman, Gao Feng, said Thursday the probe announced by U.S. Lighthizer announced this week his office would...

  • MASSENA, New York/ JACKSON HOLE, Wyoming, Aug 24- A fter a turbulent year of anti-globalization backlash, central bankers still argue open borders and free trade are the key to more jobs, growth and prosperity. That means addressing the concerns of people like Grace Paige, a grandmother of seven from the struggling St. Lawrence County in northern New York state.

  • PARIS, Aug 24- French yachtsman Alain Thebault wants to turn a boat design he used to break a world speed sailing record in 2009 into a clean, fast taxi service for the waterways of major cities. The SeaBubble won the backing of private investors- Thebault expects to raise between 50 to 100 million euros by the end of September. Emmanuel Macron, France's pro-business...

  • RIO GRANDE, Argentina, Aug 24- On a recent morning, workers wearing blue shirts and black gloves assembled digital TV set-top boxes inside one of the world's most unlikely factory towns. Their employer, BGH SA, for nearly 40 years has been manufacturing consumer electronics here in Rio Grande, a city in the chilly island province of Tierra del Fuego, located at the...

  • SINGAPORE, Aug 24- Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico. Brent crude futures, the international benchmark for oil prices, were at $52.58 per barrel at 0438 GMT, up 1 cent from...

  • *China Unicom falls on profit-taking. SHANGHAI, Aug 24- China share indexes barely moved on Thursday morning, as profit-taking in China Unicom Network Communications Ltd cooled excitement about state enterprise reforms, though raw material stocks rebounded, aided by a weaker dollar. Risk appetites were reduced by a 4 percent pull-back in China Unicom, as some...

  • SHANGHAI, Aug 24- China's yuan weakened against the U.S. dollar on Thursday, in spite of the central bank setting daily guidance at a fresh 11- month high as companies stepped up their dollar purchases. "Companies were buying dollars, while corporate dollar sales diminished at around 6.66 per dollar level," said a trader at a Chinese bank in Shanghai.

  • CANBERRA, Australia— Nine Entertainment Co. is the latest Australian free-to-air television network owner in the red, posting a 203 million Australian dollar loss for the last fiscal year due to a weak advertising market and asset write downs. Ten Network Holdings Ltd., owner of the only other major free-to-air broadcaster, Ten Network, appointed...

  • LAUNCESTON, Australia, Aug 24- There is little doubt that Iraq's mooted shift to using Dubai crude futures from long-standing price assessor Platts will shake up the trading of Middle East oil, but is it a once-off shock or the first of the dominoes to fall. Iraq's state oil marketer SOMO has asked its customers for feedback on a planned move to use Oman futures...

  • *Commerce ministry says China will defend interests against U.S. trade probe. BEIJING, Aug 24- China will use all necessary means to defend the interests of the country and its companies against a U.S. trade investigation, a spokesman for the Ministry of Commerce said on Thursday. Gao also said that China's support for overseas investment by Chinese firms will not...

  • BEIJING, Aug 24- China felt "sorry" about the United States seeking a WTO dispute panel on China's grain import quotas, a spokesman for the Ministry of Commerce said on Thursday, Beijing's first official response to the U.S. request to the World Trade Organization. "China feels sorry that the United States has given up on continuing negotiations to resolve this case,"...

  • *Spot gold may test resistance at $1,294/ oz- technicals. President Donald Trump's threat of a government shutdown, with investors remaining focused on a major central bankers conference in Jackson Hole. It's going to be trading in a very tight range, "said Richard Xu, a fund manager at China's biggest gold exchange-traded fund, HuaAn Gold.

  • *Crop tour pegs Illinois corn yields below USDA f'cast. The most active corn futures on the Chicago Board Of Trade were trading up 0.2 percent at $3.56-1/ 2 a bushel by 0345 GMT, having earlier hit a low of $3.55-1/ 4 a bushel- the lowest since March 31. The tour estimated yields in Illinois at 180.72 bushels per acre, below the U.S. Department of Agriculture's latest...

  • *Asia ex- Japan rises, Nikkei dragged lower by steelmakers. SINGAPORE, Aug 24- Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump threatened to shut down the U.S. government and end the North American Free Trade Agreement. MSCI's broadest index of Asia-Pacific...

  • HOUSTON, Aug 23- Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week. The U.S. National Hurricane Center issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving...

  • *Jason Luo seen as M&A and China expert. SHANGHAI, Aug 24- Ford Motor Co said the new head of its China operations will be Jason Luo, the CEO of auto parts maker Key Safety Systems with wide experience in M&A- an appointment that comes as Ford embarks on range of initiatives in the world's biggest car market. Born in China and fluent in Mandarin, he achieved significant...

  • BEIJING, Aug 24- China will use all necessary means to defend the interests of the country and Chinese companies against a U.S. trade investigation, a spokesman for the Ministry of Commerce said on Thursday.

  • TOKYO, Aug 24- Japan's Nikkei share average slipped towards a 3-1/ 2- month low on Thursday, dragged down by Wall Street losses, while steel makers fell after reports that Toyota Motor Corp was looking to cut the price of steel supplied to component makers. Japanese shares took their cues from Wall Street, which fell overnight as a threat from U.S.

  • Trump warned late on Tuesday he might end the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Trump's remarks came ahead of a looming debate in Congress over raising the debt ceiling, and knocked the dollar lower on Wednesday. The Congressional Budget Office said in June that Congress would need to raise the...

  • The Energy Department said Wednesday the government should make it easier and cheaper to operate power plants, including coal and nuclear plants, to strengthen the nation's electric grid. Advocates for renewable energy have been bracing for the report since drafts that leaked to the press in recent weeks hinted that the Energy Department would conclude...