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  • BEIJING, June 25- China and the European Union aim to conclude talks on a bilateral investment agreement, Chinese Vice Premier Liu He said on Monday, as both sides agreed to oppose protectionism and defend the global multilateral trading system. China hopes the E.U. will take concrete steps to ease restrictions on European exports to China, said Liu in remarks in a...

  • BEIJING— Chinese regulators have freed up an extra $100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. "Against the tensions, China's latest reserve ratio reduction, while expected, serves as a counterbalance to the soft sentiment," said Jingyi Pan of IG in a report.

  • *HK-> Shanghai Connect daily quota used -2.8 pct, Shanghai-> HK daily quota used 1.2 pct. SHANGHAI, June 25- China stocks edged higher on Monday, though gains were capped as an expected reserve requirement ratio cut, freeing up for lending some capital that commercial banks have to hold as reserves, was largely offset by lingering trade fears. **Policymakers in China...

  • *OPEC agrees to raise output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.

  • SYDNEY, June 25- The Australian corporate watchdog may need to play a bigger role in regulating agricultural finance given the absence of redress options for borrowers, a powerful public inquiry heard on Monday as it turned its focus to the country's $50 billion farm sector. The so-called Royal Commission's latest round of hearings is focusing on declining...

  • SHANGHAI, June 25- China's yuan fell to a 5-1/ 2- month low against the U.S. dollar on Monday, effectively erasing all of this year's gains, after the central bank freed up for lending some capital that commercial banks have to hold as reserves. The People's Bank of China said on Sunday it would cut the amount of cash that some banks must keep in reserves by 50 basis...

  • BEIJING— Asian stock markets fell Monday and oil prices gave up some of their gains after Chinese regulators freed up extra money for bank lending amid a trade dispute with Washington. Sydney's S&P-ASX 200 retreated 0.1 percent to 6,217.00 and benchmarks in Taiwan, New Zealand and Singapore also declined. CHINA LENDING: Beijing freed up an about $100 billion...

  • *OPEC agrees to up output to make up for unforeseen disruptions. *Analysts warn of limited spare capacity for higher OPEC output. OPEC and non- OPEC partners including Russia have since 2017 cut output by 1.8 million barrels per day to tighten the market and prop up prices.

  • HONG KONG, June 24- China Renaissance Group, an investment bank led by one of the country's most famed rainmakers, aims to raise as much as $800 million in a Hong Kong IPO, people with direct knowledge of the matter told Reuters. Beijing- based China Renaissance plans to raise between $600 million and $800 million, the people said, declining to be identified as the...

  • *Says 2017 loss $2.9 bln, wider than 2016. HONG KONG/ SHANGHAI, June 25- China's Meituan-Dianping, an online food delivery-to-ticketing services platform, filed for a Hong Kong IPO on Monday, an offering that aims to raise more than $4 billion, three people with knowledge of the plans said. It was valued at around $30 billion in a fundraising round last year.

  • TOKYO, June 25- The dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down U.S. yields. Investors steered from risk, with Asian equities in retreat and Treasury yields declining, after the Wall Street Journal reported the U.S. Treasury Department is crafting rules that...

  • SINGAPORE, June 25- Chicago wheat futures slid for a second session on Monday with pressure from rains in some of the drought-hit areas in Australia and long liquidation by funds. The Chicago Board Of Trade most-active wheat contract dropped 1.6 percent at $4.96 a bushel by 0240 GMT, having closed down 0.5 percent on Friday. "Some areas in southern and western...

  • *Says 2017 loss $2.9 bln, wider than 2016. HONG KONG/ SHANGHAI, June 25- China's Meituan-Dianping, an online food delivery-to-ticketing services platform, filed for a Hong Kong IPO on Monday, an offering that aims to raise more than $4 billion, three people with knowledge of the plans said. It was valued at around $30 billion in a fundraising round last year.

  • Tariffs on $34 billion worth of Chinese goods, the first of a potential total of $450 billion, are due to take effect on July 6 over U.S. complaints that China is misappropriating U.S. technology through joint venture rules and other policies. The Treasury investment restrictions are expected to target key sectors, including several China is trying to develop as...

  • *China, auto shares take the brunt of Trump's trade war. *Oil prices give up gains as OPEC agrees on output hike. TOKYO, June 25- Asian shares fell on Monday on escalating trade tensions between the United States and major economies while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production.

  • *Who can and who can't raise crude output within OPEC: https://reut.rs/2M8auJY. The Saudis appear to have emerged as the winners from last week's meeting of the Organization of the Petroleum Exporting Countries, and the subsequent talks between OPEC and its allies in the deal to restrict output. The market consensus after the OPEC meeting in Vienna on June 22,...

  • TOKYO, June 25- Japan's Nikkei share average dropped on Monday morning in choppy trade as sellers targeted large caps including Fast Retailing and SoftBank as well as defensive stocks, while miners rallied after oil prices jumped on Friday. Sharp Corp stumbled 4.9 percent to 2,497 yen, the lowest since December 2016 after the company said it will issue 78.4...

  • BEIJING— China says it will cut the amount of money some banks are required to keep on hand in part to free up funding for small businesses, amid a brewing trade war with the United States. On July 6, the United States is set to slap tariffs on $34 billion in Chinese goods to punish Beijing for its attempts to supplant U.S. technological dominance, and later add tariffs...

  • MELBOURNE, June 25- London copper prices on Monday climbed away from their lowest level in more than three weeks, hit the session before after China cut banks' reserve requirements, improving liquidity and the prospects for metals demand. Shanghai Futures Exchange copper rose by 0.6 percent to 52060 yuan a tonne. *CHINA RRR: China's central bank said on Sunday it...

  • SHANGHAI, June 25- China's share markets opened higher on Monday after a decision by the country's central bank to cut banks' reserve requirement ratios, while the yuan and bond prices fell. The People's Bank of China said late on Sunday that it would cut the amount of cash that some banks must hold as reserves by 50 basis points, releasing $108 billion in liquidity,...