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  • LAUNCESTON, Australia, Aug 16- The recent gyrations in the world economy around Turkey's currency and the escalating U.S.- China trade dispute have taken a toll on commodity prices, especially industrial metals. The key to which commodities are likely to perform better is China, which is the world's largest commodity importer. And it's not just China boosting...

  • LONDON, Aug 16- Kingfisher, Europe's second largest home improvement retailer, reported a pick-up in underlying sales in its latest quarter, with demand for seasonal products boosted by the prolonged spell of warm weather. The group, which trades as B&Q and Screwfix in Britain and as Castorama and Brico Depot in France, said on Thursday its like-for-like sales...

  • LONDON, Aug 16- Britain's Takeover Panel said on Thursday it had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay-television group Sky. Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox's TV and film assets, which include a 39 percent stake in Sky, before either Fox...

  • AMAZON IN TALKS WITH INSURANCE COMPANIES OVER LAUNCH OF UK COMPARISON SITE- SOURCES.

  • "Hong Kong is probably a little behind other places when it comes to digital payments, so we are seeing a rush to establish a first mover advantage," said Fergus Gordon, who leads Accenture's Asia-Pacific banking practice. AlipayHK, a joint venture between Ant Financial, Alibaba's payments arm, and the Hong Kong conglomerate CK Hutchison, says the number of its...

  • LONDON, Aug 16- Amazon.com Inc is sounding out some of Europe's top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the U.S. online retail giant into the region's financial services. While it was not immediately clear what type of insurance would be sold on any Amazon site, home and motor...

  • SHANGHAI, Aug 16- China's yuan firmed 0.5 percent against the U.S. dollar on Thursday on signs of possible easing in tensions between Beijing and Washington as they agreed to hold trade talks late this month. A delegation led by Vice Commerce Minister Wang Shouwen will travel to Washington in late August at the invitation of the United States, China's Ministry of...

  • OFFSHORE DOLLAR/YUAN FORWARDS SPIKE, 3- MONTH AT 150 PTS VERSUS 39 IN PVS SESSION.

  • TOKYO, Aug 16- Japanese government bond prices dipped on Thursday as the market grappled with a fresh supply of debt, while risk aversion ebbed in the broader markets following news of fresh U.S.- China trade talks. The finance ministry auctioned two trillion yen of five-year JGBs on Thursday, which drew ample, but not exceedingly strong, demand from investors.

  • *Beijing to send delegation to Washington in late August. SINGAPORE, Aug 16- Oil prices on Thursday recouped some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets. China and the United States have implemented several...

  • WASHINGTON, Aug 16- Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like during last year's Hurricane Harvey, a report said on Thursday. Texas industry, including refineries and petrochemical plants, released an extra 8.3 million pounds of...

  • BEIJING, Aug 16- Foreign direct investment into China rose 14.9 percent from a year earlier to 50.42 billion yuan, the state-owned Shanghai Securities News said on Thursday, citing China's Ministry of Commerce.

  • *Japan has little monetary, fiscal tools to fight recession. TOKYO, Aug 16- The Bank of Japan may allow long-term interest rates to creep up to around 0.4 percent under new guidance introduced last month, which lays the groundwork for "stealth" rate hikes, the central bank's former executive Hideo Hayakawa said on Thursday. BOJ Governor Haruhiko Kuroda said...

  • FRANKFURT, Aug 16- Pfizer has agreed to pay German biotech firm BioNTech up to $425 million in an alliance to develop more effective influenza jabs, the latest among several major pharma companies to bank on a promising new genetic approach. Privately-held BioNTech will receive $120 million upfront plus up to $305 million depending on certain development...

  • WITH NEW GUIDANCE, BOJ CAN NOW CONDUCT 'STEALTH' RATE HIKES - HAYAKAWA.

  • BOJ MAY TOLERATE BOND YIELD RISES TO AROUND 0.4 PCT UNDER NEW GUIDANCE ADOPTED IN JULY- EX-BOJ EXECUTIVE HAYAKAWA.

  • JAPAN MAY SLIP INTO RECESSION EITHER IN 2019 OR 2020 - HAYAKAWA.

  • NEW YORK, Aug 16- President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback. The dollar this week rose to a 13- month high against a basket of currencies, getting an...

  • *China vice commerce ministry to lead team for trade talks in U.S. *U.S. and China set to implement new tariffs on Aug. 23. BEIJING, Aug 16- China said on Thursday it will hold a fresh round of trade talks with the United States in Washington later this month, offering a glimmer of hope for progress in resolving a conflict that has set world markets on edge.

  • BEIJING, Aug 16- London base metal prices on Thursday bounced back from a broad sell-off in the previous session, while the Shanghai complex pared early losses on news of fresh U.S.- China trade talks. A Chinese delegation led by Vice Commerce Minister Wang Shouwen will travel to the United States for talks in late August, China's Ministry of Commerce said.