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  • SHANGHAI, Feb 18- China's automobile sales in January tumbled 15.8 percent from a year earlier, the country's top auto industry association said on Monday, as the world's largest auto market hits the skids with the slump in sales extending to the seventh month. China's Association of Automobile Manufacturers said in an emailed statement to Reuters that sales...

  • *Japan must ramp up fiscal spending with BOJ help- ex-BOJ depgov. *Japan must ditch sales tax hike, take steps to boost consumption. TOKYO, Feb 18- Japan must ramp up fiscal spending with debt bank-rolled by the central bank, the Bank of Japan's former deputy governor Kikuo Iwata said, a controversial proposal that highlights the BOJ's challenge as it tries to...

  • SHANGHAI, Feb 18- China stocks jumped on Monday after trade talks between the United States and Beijing saw progress ahead of a March 1 deadline, and new data showed Beijing's attempts to boost investment led to record new loans in January. **China's blue-chip CSI300 index was up 2.11 percent, with its financial sector sub-index higher by 2.01 percent.

  • WELLINGTON, Feb 18- New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net. Highly digitalised companies, such as those offering social media networks, trading platforms, and online advertising,...

  • *Rising U.S. output could undermine OPEC efforts. SINGAPORE, Feb 18- Oil prices fell on Monday after climbing to their highest this year earlier in the session as China reported automobile sales in January fell for a seven month, raising concerns about fuel demand in the world's second-largest oil user. International Brent crude futures were at $66.20 per barrel...

  • Feb 18- Gold prices rose to their strongest level in more than two weeks on Monday as the dollar weakened on hopes the United States and China are nearing a trade deal, while palladium hit a record high. Spot gold had gained 0.3 percent to $1,324.80 per ounce by 0324 GMT, just below a 9- month peak of $1,326.30 an ounce marked on Jan. 31. The United States and China will...

  • SHANGHAI, Feb 18- China's automobile sales in January fell 15.8 percent from a year earlier, the country's top auto industry association said on Monday, marking the seventh straight month of declining sales in the world's largest auto market. China's Association of Automobile Manufacturers said in an emailed statement to Reuters that sales dropped to 2.37...

  • *Shares drop to A $2.12 in a firmer wider market. SYDNEY, Feb 18- Australia's largest listed wealth manager AMP Ltd said proposed new laws aimed at protecting investors' retirement savings would hit its earnings by about A $30 million per year, sending its shares to an all time low. The proposed laws, if passed, would dent AMP's earnings in the current financial year by...

  • WASHINGTON, Feb 17- The U.S. Commerce Department sent a report on Sunday to U.S. As the White House received the report, the industry unleashed what is expected to be a massive lobbying campaign against it. The Motor and Equipment Manufacturers Association, which represents auto parts suppliers, warned that tariffs will shrink investment in the United States at a...

  • WASHINGTON, Feb 17- The U.S. Commerce Department sent a report to U.S. President Donald Trump on Sunday that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before its contents are revealed. A spokeswoman for the U.S. Commerce Department said late Sunday the agency would not disclose any details of the "...

  • *Investors wager on progress at Sino-U.S. talks in Washington. SYDNEY, Feb 18- Asian share markets bounced broadly on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 percent, recovering from a...

  • BEIJING, Feb 18- Shanghai base metals rose across the board in early trade on Monday, buoyed by optimism over the outlook for demand after China's banks made the most new loans on record in January. Copper hit a near two-month high in Shanghai despite a big boost in Chinese inventories of the metal over the past two weeks. *SHFE COPPER: The most-traded April copper...

  • *Rising U.S. output could undermine OPEC efforts. SINGAPORE, Feb 18- Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC- led supply cuts and U.S. sanctions on Iran and Venezuela. Further pushing up crude prices have been U.S. sanctions against oil exporters and OPEC- members Iran and Venezuela.

  • Feb 18- Gold prices stood firm at two-week highs on Monday as the dollar inched lower, while equities rose on increased expectations of a U.S.- China trade deal, capping bullion's gains. *The United States and China will resume trade talks this week in Washington with time running short to ease their bruising trade war, but U.S. *California will "imminently"...

  • SINGAPORE, Feb 18- Oil prices rose to their highest levels in 2019 on Monday, lifted by OPEC- led supply cuts and by U.S. sanctions on Iran and Venezuela. West Texas Intermediate crude oil futures hit $56 per barrel for the first time this year, before edging back to $55.89 per barrel by 0051 GMT. Further pushing up crude prices have been U.S. sanctions against oil...

  • Both the United States and China reported progress in five days of negotiations in Beijing last week, although the White House said much work remains to be done to force changes in Chinese trade behaviour. "Trade is the big focus for the markets... with talks shifting from Beijing to Washington, we could get more news flow," said Michael McCarthy, chief markets...

  • *Investors wager on progress at Sino-U.S. talks in Washington. SYDNEY, Feb 18- Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent, partially recovering...

  • Feb 18- For other diaries, please see:. Top Economic Events Emerging Markets Economic Events Government Debt Auctions Political and General News U.S. Federal Reserve Today in Washington.

  • LONDON, Feb 18- Facebook and other big tech companies should be subject to a compulsory code of ethics to tackle the spread of fake news, the abuse of users' data and the bullying of smaller firms, British lawmakers said on Monday. In a damning report that singled out Facebook chief executive Mark Zuckerberg for what it said was a failure of leadership and personal...

  • MONTREAL/ SEOUL, Feb 18- The United States has blocked efforts by a U.N. agency to improve civil aviation in North Korea at a time when Pyongyang is trying to reopen part of its airspace to foreign flights, three sources familiar with the matter told Reuters. The U.S. move is part of a negotiating tactic to maintain sanctions pressure on North Korea, one of the sources...