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  • *Australia is China's biggest supplier of the grain. BEIJING/ SYDNEY, Nov 19- China on Monday launched a probe into whether Australian barley suppliers dumped cheap imports into their biggest market over the past year, catching the grain trade on the hop just as drought shrivels Australian crops and drives prices higher. Australia is by far China's top supplier...

  • DUBAI, Nov 19- U.S. sanctions on Iran are part of a psychological war launched by Washington against Tehran that will fail, Iranian President Hassan Rouhani said on Monday, adding that the Islamic republic will continue to export its crude. "America blames us for its failures in the region... from Yemen to Iraq... We will not yield to this pressure that is part of the...

  • MELBOURNE, Nov 19- BHP on Monday said it had signed an agreement with Australia's tax authorities to settle a long-running dispute over the global miner's operations in Singapore. Tax authorities had been in dispute with both firms over the amount of Australian tax payable from sales of Australian commodities to their Singapore marketing businesses.

  • *Spot gold ends bounce below $1,231/ oz- Technicals. *Palladium near an all-time high of $1,185.40/ oz hit on Friday. "After four days of upside, gold is at a normal profit booking level... 1,225-1,230 is a resistance zone for gold," said Vandana Bharti, assistant vice-president of commodity research, SMC Comtrade Ltd..

  • *OPEC expected to cut supply to prevent glut. *Russia says it will discuss deal with OPEC on Dec. 6. SINGAPORE, Nov 19- Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply towards year-end.

  • SINGAPORE, Nov 19- London copper edged up on Monday after U.S. Trump said on Friday China was willing to take steps to resolve the prolonged U.S.- China trade war, but Vice President Mike Pence said the following day the United States might even double its tariffs, unless Beijing bows to their demands. Deep divisions on trade between Washington and Beijing were...

  • SHANGHAI, Nov 19- Property developers and financial firms lifted China's main stock indexes on Monday as the government continues to roll out policy measures to support markets, and amid growing expectations of more loose policy to come. **China's stubbornly weak credit growth has spurred talk of its first cut in benchmark lending rates in three years, but...

  • 1/ A RECKONING Prime Minister Theresa May's long-awaited Brexit deal triggered a wave of ministerial resignations that has rocked her government and financial markets and raised chances of a snap election. Gilt yields tumbled too and the FTSE index, which usually rises when sterling falls, lost that inverse correlation and closed flat after Thursday's...

  • EDINBURGH, Nov 19- British engineering firm Babcock said on Monday the net cash cost of strengthening its business would not be material, as it sought to allay doubts about its financial health for the second time in a week. Babcock reiterated that it was exiting a series of low-margin businesses to strengthen its balance sheet. "Whilst the exact impact of these...

  • DUBAI, Nov 19- Iran is still hopeful that its 2015 nuclear deal with major powers can be saved despite the withdrawal of the United States, a foreign ministry spokesman said on Monday. "There are some ambiguities on implementation of the EU's mechanism to protect trade with Iran from America's sanctions... The European Union has been trying to establish a Special...

  • *OPEC expected to cut supply to prevent glut. *Japan set to restart Iran oil imports in January- sources. SINGAPORE, Nov 19- Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC to cut supply towards year-end.

  • DUBAI, Nov 19- Iran is still hopeful that Europe can save a 2015 nuclear deal between Tehran and six major powers despite the withdrawal of the United States, Iranian Foreign Ministry spokesman Bahram Qasemi said on Monday. "There are some ambiguities on implementation of EU's mechanism to protect trade with Iran from America's sanctions...

  • TOKYO, Nov 19- Japan's Nikkei share average rebounded on Monday after investors covered their short positions on chip-related stocks, offsetting a drop in financials that were hurt by lower U.S. yields. Index-heavyweight SoftBank Group Corp, which tumbled 3.4 percent on Friday because it invests in Nvidia through its Vision Fund, bounced 5.1 percent.

  • SINGAPORE, Nov 19- Shares in Noble Group Ltd, once Asia's top commodity trader, were suspended from trading from Monday, as the company seeks to transform into an Asia- focused coal-trading business following a $3.5 billion debt restructuring deal. Singapore- listed Noble said last week it had obtained the required approvals, including getting a go-ahead from...

  • TOKYO, Nov 19- European Central Bank policymaker Francois Villeroy de Galhau said on Monday that it would be better if Britain had a deal for its withdrawal from the European Union but that the EU was ready in case it left the bloc without an agreement in place. "If we were to have a no-deal scenario, which we don't wish, we are prepared on the European side," Villeroy said...

  • Nov 19- BHP on Monday said it had signed an agreement with Australia's tax authorties to settle a long-running dispute over the global miner's operations in Singapore. The dispute was regarding the amount of Australian tax payable from sales of BHP's Australian commodities to its Singapore marketing business. Additionally, BHP will raise its stake in BHP...

  • The weekend's Asia-Pacific Economic Cooperation summit in Port Moresby was one of open disagreement, led by disputes between the United States and China over trade, security, and who would be the better investment partner for the region. "It does mark the death of APEC's founding trade vision," Euan Graham, executive director of La Trobe Asia at Australia's La...

  • *Australia is China's biggest supplier of the grain. BEIJING/ SYDNEY, Nov 19- China on Monday launched a probe into whether Australian barley suppliers dumped cheap imports into their biggest market over the past year, catching the grain trade on the hop just as drought shrivels Australian crops and drives prices higher. Australia is by far China's top supplier...

  • MOSCOW, Nov 19- Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the Organization of the Petroleum Exporting Countries and that it would be discussed at OPEC's Dec. 6 meeting.

  • BEIJING, Nov 19- China's state planner on Monday approved a 42.1 billion yuan airport expansion project in Urumqi, capital of the far western region of Xinjiang, a key hub in China's Belt and Road initiative. The investment value is over half of what China is spending on Beijing's new mega-airport project- Daxing International Airport- that costs 80 billion yuan...