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  • BEIJING, April 19- Most Shanghai base metal prices drifted lower on Friday as traders were away in Europe and parts of Asia for the Good Friday holiday, while the London Metal Exchange was closed until Tuesday. Copper on the Shanghai Futures Exchange was down 0.5 percent by the end of the morning but still on course to end the week up 0.6 percent after positive macro...

  • *China hosting Belt and Road summit in Beijing April 25-27. BEIJING, April 19- China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said on Friday. Beijing will host a Belt and Road summit next...

  • BEIJING, April 19- China's Belt and Road project is not a "geopolitical tool" or a debt crisis for participating nations, but Beijing welcomes constructive suggestions on how to address concerns over the initiative, the government's top diplomat said on Friday. Beijing will host a Belt and Road summit next week which 37 foreign leaders will attend, including some...

  • SHANGHAI, April 19- China's benchmark equity index inched lower on Friday, while blue-chips edged higher, as investors await clearer signs of a sustainable economic recovery and a resolution to a long-running trade war with the United States. **China's blue-chip CSI300 index was up 0.08 percent, with its financial sector sub-index higher by 0.52 percent, the...

  • TOKYO, April 19- Yields on long-dated Japanese government bonds rose on Friday after the Bank of Japan trimmed the amount of debt it offered to buy at a regular market operation. The BOJ on Friday offered to purchase 160 billion yen of 10- to 25- year JGBs, down from 180 billion yen at the previous operation last week. The central bank also trimmed its purchase of 25-...

  • TOKYO, April 19- Tokyo Electric Power plans to allow overseas workers coming to Japan under a new visa programme to work on the cleanup of its wrecked Fukushima nuclear power station north of Tokyo, a spokeswoman said on Friday. Tepco has been criticised by the United Nations over possible exploitation of those working on the decades-long decommissioning of...

  • TOKYO, April 19- Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China. The U.S. market rose supported by robust economic data, while industrial stocks rallied after China's commerce ministry spokesman said there had been...

  • *Key approval paves way for console to enter China. It remains unknown when the console may go on sale in China, with games needing to clear a separate approval process. Gaming industry leader Tencent is trying to recover from a lengthy game approval freeze in China last year.

  • BEIJING, April 19- Shanghai copper prices drifter lower in morning session as the Good Friday holiday saw traders in Europe and parts of Asia sit out of the market, while the London Metal Exchange is closed until Tuesday. The metal nonetheless remains on course to end the week up 0.4 percent in Shanghai after positive macro data from top metals consumer China,...

  • April 19- Nissan Motor Co Ltd will cut global production by about 15 percent for the current fiscal year ending March 2020, as it shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday. That would be the steepest production cut in more than a decade by the Japanese automaker, as it...

  • *Markets are quiet due to Good Friday Easter holiday. TOKYO, April 19- The dollar steadied against a basket of currencies on Friday after hitting a 2-1/ 2- week high overnight as data pointed to a sturdy U.S. economy, while the euro was dented by weak manufacturing activity in Europe. Many financial markets were closed for the Good Friday Easter holiday.

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • SAN FRANCISCO, April 18- Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies...

  • *Munoz appointment latest reshuffle at Hyundai's U.S. ops. *Munoz to assume two newly created positions at Hyundai. The appointment marks the latest management shake-up at Hyundai's U.S. operations as the South Korean automaker pushes to rejuvenate sales in the world's second-biggest auto market and grapples with a widening probe into its vehicle recalls.

  • April 19- Nissan Motor Co Ltd will cut global production by about 15 percent for the fiscal year ending March 2020 as the company shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday. The Japanese automaker aims to produce about 4.6 million units in fiscal 2019, according to plans...

  • LONDON, April 18- The U.S. economy hit a soft patch during the first three months of the year with manufacturing output up only slightly compared with the same period a year earlier and freight movements mostly down. Containerised rail freight was up by just 1.2 percent in December-February, down from more than 6 percent growth in July-September, according to the...

  • LONDON, April 18- Is the London Metal Exchange's physical storage function in danger of slipping into the shadows? London tin traders have learnt to navigate the contract's liquidity gaps in terms of physical settlement, although it's getting harder judging by this week's events. Global usage in 2017 was 362,500 tonnes, most of it going into semi-conductor...

  • TOKYO, April 19- Nintendo shares jumped 13 percent in early Tokyo trade on Friday, a day after China's Tencent won a key approval to begin selling Nintendo's Switch console in China, the world's largest games market. Nintendo's U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong approved Tencent to distribute the Switch...

  • Attorney General decided that President Donald Trump did not obstruct a probe into whether his campaign colluded with Russia, but some legal experts said prosecutors laid out a wealth of evidence to the contrary and that they intended to leave that determination to Congress. Jens Ohlin, a law professor at Cornell University, said the evidence laid out by the...

  • SAN FRANCISCO, April 18- Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor Corp...