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  • SHANGHAI, Nov 15- China's yuan edged higher against the dollar on Thursday, as the greenback slipped while signs of easing trade tensions between Beijing and Washington boosted market sentiment. Prior to market opening on Thursday, the People's Bank of China set the midpoint rate at 6.9392 per dollar, 10 pips firmer than the previous fix of 6.9402.

  • BEIJING, Nov 15- China's new home prices picked up slightly in October, led by sustained gains in smaller cities and suggesting a key driver of economic growth remained resilient, although investor caution points to moderation heading into 2019.. Average new home prices in China's 70 major cities rose 1.0 percent in October from a month earlier, a touch higher...

  • SHANGHAI, Nov 15- Shares in China rebounded on Thursday morning after China delivered a written response to U.S. trade demands, lifting hopes for a resumption of negotiations, and as property firms gained after data showed new home prices rose in October. **China's blue-chip CSI300 index was up 0.49 percent, with its financial sector sub-index higher by 0.83...

  • *Outlook darkens as Japan, Germany report GDP contraction in Q3. "Asian refiners and consumers we speak with are mentioning initial concerns of slowing demand," said Mike Corley, president of Mercatus Energy Advisors. U.S. bank Morgan Stanley said in a note on Wednesday that China's economic "conditions deteriorated materially" in the third quarter of 2018, while...

  • SINGAPORE, Nov 15- The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, but gains were capped by concerns over whether that plan will win parliamentary approval. Prime Minister Theresa May won the backing of her senior ministers for a European Union divorce deal on...

  • BEIJING, Nov 15- China's cyber watchdog said on Thursday it will require detailed logs on users from internet firms as part of a new policy aimed at cracking down on dissenting opinion and online social movements. The Cyberspace Administration of China said that as of Nov. 30 it will require assessment reports from any internet platform that could be used to "...

  • BEIJING, Nov 15- China's cyber watchdog said on Thursday it will require detailed logs on users from internet firms as part of a new policy aimed at cracking down on dissenting opinion and online social movements. The Cyberspace Administration of China said that as of Nov. 30 it will require assessment reports from any internet platform that could be used to "...

  • BEIJING/ SHANGHAI, Nov 15- China's powerful state planner said on Thursday it had not considered reducing the vehicle purchase tax, seemingly pouring cold water on industry hopes that Beijing might cut the tariff by half to shore up the flagging auto market. China's car market is on the brink of an annual contraction not seen since at least 1990 after sales fell...

  • SHANGHAI, Nov 15- India's refined copper consumption is set to more than double over the next eight years amid rising demand from the power, auto and consumer sectors, the chief executive of one of the country's top copper smelters said on Thursday. Birla Copper, a unit of Hindalco Industries, has around 430,000 tonnes per year of copper smelting capacity in...

  • MUMBAI, Nov 14- Reliance Mutual Fund, one of India's largest fund houses, is betting on select mid-cap stocks to make a come-back after a big correction this year due to macro-economic concerns and an emerging market sell off. Stocks in cement, power utilities, real estate, hotels and hospital sectors are attractively valued after correcting 20-40 percent over...

  • SINGAPORE, Nov 15- London copper inched higher along with other metals on Thursday, supported by expectations of potential stimulus measures in China to boost the world's No. 2 economy after recent data pointed to cooling growth. "The economic data out of China was a little bit mixed and obviously taking some time for investors to analyse. *U.S.- CHINA TRADE: China...

  • *U.S. soy shippers find markets after China exports dried up. U.S. soybean exports to top buyer China have declined in recent months after Beijing raised tariffs on the most valuable U.S. agricultural export to the country amid an ongoing trade war between the world's top economies. China has since mostly scooped up Brazil's soybean crop.

  • TOKYO, Nov 15- Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears of oversupply. U.S. government sources told Reuters on Wednesday that China had sent a response to U.S. demands for trade reform but gave no further details,...

  • SHANGHAI, Nov 15- India's refined copper consumption is set to more than double over the next eight years amid rising demand from the power, auto and consumer sectors, the chief executive of one of the country's top copper smelters said on Thursday. The nation's consumption of the metal is expected to rise to 1.433 million tonnes by 2026 from 650,000 tonnes in...

  • *Outlook darkens as Japan, Germany report GDP contraction in Q3. "Asian refiners and consumers we speak with are mentioning initial concerns of slowing demand," said Mike Corley, president of Mercatus Energy Advisors. Meanwhile, data released this week showed economic contraction in industrial powerhouses Japan and Germany in the third quarter.

  • SHANGHAI, Nov 15- The board of directors of Chilean miner Antofagasta has approved an expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada told Reuters in an interview on Thursday.

  • BEIJING, Nov 15- China's new home prices accelerated in October, led by gains in smaller cities, suggesting a key driver of the country's economic growth remained intact despite slower investment and increasing economic headwinds. Average new home prices in China's 70 major cities rose 1.0 percent in October from a month earlier, a touch higher than the...

  • SAN FRANCISCO, Nov 14- Bain Capital Ventures, the venture capital division of the eponymous Boston- based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Bain Capital Ventures, which has backed LinkedIn and Jet.com, told Reuters that $650 million would go into one fund,...

  • NEW YORK, Nov 14- Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund's board nominees, giving a boost to the activist firm, which is fighting a high profile proxy battle with the company. Days ago, investor Daniel Loeb, who runs Third Point, backed off his...

  • SINGAPORE, Nov 15- The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gains. Prime Minister Theresa May won the backing of her senior ministers for a European Union...