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  • BEIJING, May 24- London copper slipped for a second session on Thursday, after U.S. President Donald Trump said any trade deal with China would "need a different structure" and Washington launched a probe into auto imports that could lead to new tariffs. Treasury Secretary Steven Mnuchin said the prospect of a U.S.- China trade war, following the imposition of U.S....

  • *Phnom Penh to have about 30,000 condo units by 2020. PHNOM PENH, May 24- Guo Qirui, 30, says it's a lonely journey when he goes home to his rented luxury condominium in Phnom Penh, the capital of Cambodia, the country where the Chinese retail executive has lived for nearly half a decade. A boom in high-end real estate investment by Chinese buyers in Phnom Penh has stoked...

  • SHANGHAI, May 24- China's yuan inched lower against the U.S. dollar on Thursday on a slightly weakened official yuan midpoint, after the greenback strengthened against the euro on concerns about economic and political risks in the common currency bloc. Prior to market opening, the People's Bank of China set the midpoint rate at 6.3816 per dollar, 43 pips or 0.07...

  • MOSCOW, May 24- German Gref, the head of Russia's biggest bank Sberbank, said a proposed law that could result in people being jailed for helping enforce U.S. sanctions would backfire on the Russian economy if implemented. The draft legislation has exposed divisions within Russia's ruling elite over how to react to Washington's latest round of sanctions.

  • *Cenbank proposed higher provisions for M&A loans. MOSCOW, May 24- A central bank proposal that banks make higher provisions to cover loans for mergers and acquisitions could hurt the banking sector and the economy, German Gref, chief executive of Russia's largest bank Sberbank, told Reuters. The combined bailouts have cost the central bank over 1 trillion...

  • Soaring interest rates and a plunging currency have upended her dream and returned Argentina to a familiar place: asking the International Monetary Fund for a lifeline. Humanos decision comes just weeks after a somber Macri announced in a televised May 8 speech that Argentina would start talks with the IMF. Many here blame IMF-imposed austerity measures for...

  • NEW YORK, May 24- Vistra Energy Corp and Dominion Energy Inc which serve about 5.5 million electricity customers in more than a dozen U.S. states both say they are done building combined-cycle natural gas-fired power plants. This bearish view of fossil-fuel energy, reflective of a growing acceptance by utilities of renewable power sources, poses a hurdle to...

  • HOUSTON/ CALGARY, Alberta, May 24- Pipeline bottlenecks have vexed North American oil producers this year, but for companies making a little-known additive called drag-reducing agent, they have provided a veritable windfall. It is a tiny but booming business, accounting for about $500 million in global sales- half of that in the United States- but is growing about...

  • SEOUL, South Korea— A Korean Air heiress whose tantrum over nuts delayed a flight nearly four years ago is being investigated by South Korean immigration officials over suspicion of unlawfully hiring housekeepers from the Philippines. Cho in December 2014 got angry after she was served macadamia nuts in a bag instead of on a dish and her tantrum forced the...

  • *China says it will' unswervingly defend' its core interests. President Donald Trump has signaled a new direction in U.S.- China trade talks and said any deal would need "a different structure," fueling uncertainty over current negotiations. Both sides claimed victory on Monday and pledged to continue talking after last week's round in Washington produced...

  • *Japan urges free trade, China vows to defend interests. The governments of Japan, China and South Korea said they would monitor the situation, while Beijing, which is increasingly eyeing the United States as a potential market for its cars, added that would defend its interests. "China opposes the abuse of national security clauses, which will seriously damage...

  • *HK-> Shanghai Connect daily quota used 0.9 pct, Shanghai-> HK daily quota used 0.2 pct. SHANGHAI, May 24- China and Hong Kong stocks barely moved on Thursday, as caution prevailed amid renewed concerns over China-U.S. trade tensions. **Dairy producers rallied as Beijing plans more measures to boost dairy industry, with Lanzhou Zhuangyuan Pasture up 10 percent in...

  • HARTFORD, Conn.— Denia Perez's parents brought her from Mexico to the United States illegally when she was 11. Relatively few "Dreamers" have completed law degrees, said Sheila Hayre, a visiting law professor at Quinnipiac University, from whose law school Perez graduated this month. Perez is the only one currently seeking admission to Connecticut's bar.

  • BANGKOK— Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates. KEEPING SCORE: Japan's Nikkei 225 index fell 1.2 percent to 22,418.18 and the Kospi in South Korea slipped 0.3 percent to 2,464.74. Shares rose in...

  • SHANGHAI, May 24- Asian shares fell on Thursday after the U.S. government launched a national security probe into auto imports that could lead to new tariffs, and President Donald Trump's comments indicated fresh setbacks in U.S.- China trade talks. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 percent higher, but Japan's Nikkei stock...

  • WASHINGTON— The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. The U.S. remains far apart on the talks over rewriting the trade pact with Canada and Mexico, with the discussions at an impasse...

  • WASHINGTON— Congress delivered a victory to President Donald Trump by expanding private care for veterans as an alternative to the troubled Veterans Affairs health system. The Senate cleared the bill on a 92-5 vote Wednesday, also averting a disastrous shutdown of its Choice private-sector program. The White House said Trump applauded passage of...

  • BEIJING— German Chancellor Angela Merkel on Thursday stressed the importance of dialogue with China during a visit to Beijing that comes amid shared concerns over trade with the United States and Washington's rejection of the Iran nuclear deal. Merkel held morning discussions with Chinese Premier Li Keqiang, who said China- Germany relations were "...

  • *Soybeans up for fifth day as China returns to U.S. market. SINGAPORE, May 24- Chicago soybeans rose for a fifth consecutive session on Thursday to a near three-week high as top importer China returned to the U.S. market, seeking cargoes amid easing trade tensions between the two countries. The Chicago Board Of Trade most-active soybean contract was up 0.6 percent...

  • SYDNEY, May 24- New Zealand regulators on Thursday asked the chief executives of life insurers operating in the country, including AMP, to demonstrate they do not struggle with the same conduct risks as their Australian counterparts. The major banks in New Zealand are all owned by Australia's "Big Four"- Commonwealth Bank of Australia, Westpac Banking Corp,...