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  • *China's Xi pledges to pledge to build "modern socialist country". SYDNEY, Oct 18- Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as the opening of China's Communist Party conference produced more in the way of aspirational politics than concrete policies. China's blue-chip CSI300 index added 0.5 percent in reaction,...

  • *China steel mills, traders adopting fixed-price deals. MANILA/ SHANGHAI, Oct 18- China's steel mills and traders are embracing more sophisticated ways to sell metal and buy raw materials to protect their bumper profits amid rising price volatility. Prices climbed on supply worries as China has shuttered steel mills for not complying with environmental rules.

  • BEIJING, Oct 18- China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system, and let the market play a decisive...

  • DALLAS— Economic incentives are expected to be major selling points for a number of Texas cities making pitches to Amazon for the Seattle- based company's second headquarters and the estimated 50,000 jobs that would come with it. The Associated Press recently spoke with business leaders around Texas to find out why they believe their respective cities would...

  • OKLAHOMA CITY— Oklahoma City and Tulsa are showcasing their cultural, recreational and quality-of-life attractions as they compete for Amazon's second headquarters in North America, a massive $5 billion project that will eventually include as many as 50,000 high-paying jobs. Oklahoma City officials said the state's largest city has been transformed...

  • SYDNEY, Oct 18- The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. 2007- India's Tata Steel signs a joint venture with...

  • INDIANAPOLIS— Long-struggling Gary, Indiana, is hoping to stand out in Amazon's search for a second headquarters site by offering a chance to pull the city from its decades of economic decline that's left it with among the country's highest poverty rates. Indianapolis- area leaders are also making a pitch to Amazon, but aren't talking about they'll be touting to...

  • CHICAGO— Chicago has officially thrown its hat in the ring with a bid for Amazon's massive second headquarters, adding to the growing competition from cities bragging about their talent pool, quality of life and cultural amenities to lure the tech giant and its promise of jobs. While some cities have creatively played up their hipness or gently ribbed Seattle...

  • CALGARY, Alberta, Oct 18- Canada's oil sands producers are stuck in a rut. Where industry groups in 2014 expected Canada's oil sands output to more than double to nearly 5 million barrels per day by 2030, that forecast has been knocked down to 3.7 million bpd. This follows a spell of consolidation that has seen foreign majors sell off more than $23 billion in...

  • Oct 18- In Canada's oil sands, the bigger a project, the lower its operating costs tend to be, making it easier for large oil sands producers like Cenovus Energy to turn a profit when oil is stuck around $50 a barrel. Bitumen selling price C $31.64 C $31.90 C $36.54. Royalties/ bbl C $0.56 C $0.68 C $0.85.

  • *Australia a key market for third-party litigation funding. SYDNEY, Oct 18- After Australian internet company Vocus Telecommunications Ltd gave its second profit warning in seven months, fund manager David Pace received an email from a law firm asking him to join a shareholder class action. Pace's response reflects a growing impatience in Australia's listed...

  • CANBERRA, Australia— A lawmaker on Wednesday accused a major Australian casino company of rigging slot machines and concealing potential money laundering at its largest casino with the state regulator covering up criminal behavior. Andrew Wilkie, an independent who has long campaigned against slot machines, presented to Parliament videoed statements of...

  • *China to continue to open its economy, deepen reforms- Xi. SHANGHAI, Oct 18- China stocks rose on Wednesday morning, when a key party congress that investors hope will promote policies and reforms boosting the world's second largest economy opened in Beijing. Xi also said China will continue to open its economy and deepen financial reforms.

  • *IPO priced at $24/ share, above $19- $22 marketing range-sources. Oct 18- China's online micro-credit provider Qudian Inc raised $900 million in an IPO that priced above expectations, underscoring robust U.S. investor demand for fast-growing Chinese companies. Its American depositary shares were priced at $24 each, above the marketed range of $19- $22, sources...

  • LOS ANGELES, Oct 17- Harvey Weinstein has resigned from the board of The Weinstein Company, it said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business. Also on Tuesday, Toyota Motor Corp's Lexus unit said it was evaluating its partnership with the Weinstein Co. Lexus, Toyota's luxury...

  • TOKYO— The U.S. is keen to work with Japan in expanding exports of U.S. liquefied natural gas in Asia, and hopes for more Japanese investment in American natural gas infrastructure, a senior Department of Energy official said Wednesday. Japan's trade and industry minister announced Wednesday plans for a $10 billion public-private effort to build LNG terminals,...

  • SHANGHAI, Oct 18- China's yuan firmed against the U.S. dollar on Wednesday, with markets awaiting policy initiatives from the key Communist Party congress and shrugging off a weaker official midpoint fixing. The once-every-five-years congress began with little reaction to early comments from Chinese President Xi Jinping that China will deepen...

  • TOKYO— Asian shares were mixed on Wednesday, as some indexes got a boost from overnight gains on Wall Street. KEEPING SCORE: Japan's benchmark Nikkei 225 was nearly unchanged at 21,340.36 and Australia's S&P/ASX 200 added 0.1 percent to 5,894.40. Gains were led by health care companies after strong earnings from UnitedHealth Group and Johnson& Johnson.

  • *Xi opens Communist Party Congress, expected to cement control. *Tight security across Beijing for congress. BEIJING, Oct 18- Chinese President Xi Jinping opened a critical Communist Party Congress on Wednesday with a pledge to build a "modern socialist country" that will never copy the political systems of others and will remain open to the world.

  • BEIJING— Chinese President Xi Jinping on Wednesday urged a reinvigorated Communist Party to take on a more forceful role in society and economic development to better address "grim" challenges facing the country as he opened a twice-a-decade national congress. He struck a nationalistic line throughout his speech, calling for the party not only to safeguard...