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  • Aug 17- Elon Musk has no plans to relinquish his dual role as chairman and chief executive officer of Tesla Inc, he said in an interview with the New York Times on Thursday. Musk, who is under intense scrutiny by the U.S. Securities and Exchange Commission and is facing lawsuits over his tweets last week about taking Tesla private, said he saw the tweet as an attempt at...

  • *Levies on agricultural products hit Iowa farmers. DES MOINES, Iowa, Aug 17- Warren Bachman, a 72- year-old Iowa soybean farmer, is one of many who turned Clarke County into Donald Trump country, as the Republican president took 61 percent of the votes in 2016 in a county that went for Democrat Barack Obama four years earlier. I am afraid we are close to seeing a repeat of...

  • ISTANBUL, Aug 17- The Turkish lira weakened to 5.86 against the dollar on Friday from its previous close of 5.8150 as investors weighed up a U.S warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson. Treasury Secretary Steven Mnuchin assured President Donald Trump at a cabinet meeting on...

  • *Q2 growth rate is slowest since Q4 2016. KUALA LUMPUR, Aug 17- Malaysia's economy expanded at a much slower pace of 4.5 percent in the second quarter, hit by commodity production "shocks," leading the central bank to cut its full-year growth forecast for Southeast Asia's third-largest economy. The quarter had the slowest growth since October- December 2016.

  • *Spot gold looks neutral in $1,173- $1,182/ oz range- technicals. Spot gold rose 0.2 percent at $1,176.29 an ounce, as of 0356 GMT. Investors, businesses and perhaps a lot of people are looking to pick up gold and that's why we're seeing some support, "said Brian Lan, managing director at dealer GoldSilver Central in Singapore.

  • percent at $5,914.50 a tonne, as of 0418 GMT, while the most-traded contract on the Shanghai Futures Exchange added 0.3 percent to 47,850 yuan a tonne. INFRASTRUCTURE SPENDING: China almost quadrupled the value of fixed-asset investment projects approved in July from the previous month as Beijing looks to accelerate infrastructure spending to stabilize...

  • DUBAI, United Arab Emirates— Saudi Arabia says it has contributed $100 million to northeast Syria for "stabilization projects" in areas once held by the Islamic State group. A statement early Friday from the Saudi Embassy in Washington says the money "will save lives, help facilitate the return of displaced Syrians and help ensure that ISIS cannot reemerge to...

  • TOKYO— Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month. KEEPING SCORE: Japan's Nikkei 225 index added 0.4 percent to 22,275.67, while the Shanghai Composite index slipped 0.4 percent to 2,694.52. CHINA TRADE: China will send a...

  • *Focus on next week's U.S.- China trade meeting. TOKYO, Aug 17- The dollar stepped back from 13-1/ 2- month highs against other major currencies on Friday as talks next week between China and the United States offered some hope that the world's two largest economies will find a way to head off a full-blown trade war. The dollar lost steam, however, after China and the...

  • TOKYO, Aug 17- Japanese government bond prices rose modestly on Friday, helped by a regular debt-buying operation conducted by the central bank. The Bank of Japan on Friday offered to buy 550 billion yen of one- to five-year JGBs. The Nikkei gained 0.4 percent as U.S.- China trade concerns showed signs of easing.

  • WASHINGTON— Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? On Thursday, President Donald Trump's chief economic adviser made his case for the boom. Calling mainstream predictions "pure nonsense," Larry Kudlow declared that the expansion— already the second-longest on record— is merely in its "early innings."

  • SHANGHAI, Aug 17- Shares in China fell on Friday, pulled down by healthcare companies after a vaccine maker warned it could be delisted due to an ongoing vaccine scandal, but planned talks between the United States and China helped ease trade war fears. **China sacked a senior provincial official and is probing a former top drug regulator after a safety scandal at...

  • KUALA LUMPUR, Aug 17- Malaysia's economy expanded at a much slower annual pace of 4.5 percent in April-June, marking the third straight quarter of slowing growth in Southeast Asia's third-largest economy. In the first quarter of 2018, Malaysia had annual growth of 5.4 percent. In the second quarter, the current account surplus narrowed to 3.9 billion ringgit.

  • *Prices to rally if China cuts tariff on U.S. bean imports. SINGAPORE, Aug 17- Chicago soybean prices slid on Friday, with the market taking a breather after climbing to a one-week high in the last session on support from expectations that China may return to the U.S. market. China and the United States will hold lower-level trade talks this month, the two governments...

  • SYDNEY/ SAN FRANCISCO, Aug 17- Apple Inc said on Friday no customer data was compromised after Australian media reported a teenager had pleaded guilty to hacking into its main computer network, downloading internal files and accessing customer accounts. Apple contacted the U.S. Federal Bureau of Investigation when it became aware of the intrusion, The Age said,...

  • SAO PAULO, Aug 17- Ride-hailing company Uber Technologies Inc plans to open a 250 million-reais center in Brazil that will research technology to make it safer for its drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said Friday. Uber's Safety Product Director Sachin Kansal said in an interview that the investment...

  • TOKYO, Aug 17- Japan's Nikkei rose on Friday morning as trade tensions appeared to ease and gains in U.S. shares supported sentiment, but chip-related stocks fell after Applied Materials disappointed investors with worse-than-expected earnings forecasts overnight. "Investors have started to expect that there could be a sign of progress towards ending the...

  • *Meeting headed by China's president orders sackings. BEIJING, Aug 17- China has sacked a senior provincial official and is probing a former top drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd, which again warned it could be delisted over the scandal. A meeting of the ruling Communist Party's Politburo, overseen by...

  • TOKYO, Aug 17- Oil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. Brent crude oil futures were down 3 cents at $71.40 a barrel by 00229 GMT. West Texas Intermediate crude futures dropped 1 cent to $65.45 a...

  • *Case at Zhengzhou slaughterhouse is second in China. Some 30 hogs died of the illness on Thursday at the slaughterhouse in Zhengzhou in Henan province, controlled by China's largest pork processor Henan Shuanghui Investment& Development, a subsidiary of WH Group. The infected pigs had travelled thousands of kilometres from a farm in Jiamusi city in China's...