CHINA

Gloom in US to hit copper

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ad news emanating from the US may impact copper prices and demand in the coming months even though China's still hungry for the metal. US durable goods order was dismal after witnessing the decline in consumer confidence earlier this week. The negative impact of the news is expected to soften copper.

IGC trims wheat estimate to 651 million tones

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Adverse weather conditions in major wheat producing regions prompted International Grains Council to trim estimates by 13 million tones this year. According to its latest report, the IGC also trimmed its forecast for world corn production, lowering its forecast for inventories of the grain to a four-year low.
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Italy, Greece to lift gold prices

Once again Europe has come to the rescue of gold, which has been witnessing a steady slide during the past few weeks. With Italy and Greece plunging into crisis again, the uncertainty looming over Europe has added to the fear among investors and gold prices are set to cash in on this panic with more demand from safe haven buying.
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Asia stocks slip on U.S. worries

Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.
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Uncertainty looms over palladium

Palladium, which has been hoping to perform better in the coming months with auto sales zooming in several countries, witnessed a turbulent month in July.
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U.S. House panel sets Sept hearing on China's yuan

U.S. lawmakers will hold a hearing on Sept. 15 to consider whether U.S. government action is needed to address China's exchange rate policy, a key House of Representatives committee said on Thursday. China loosened its yuan, also known as the renminbi, on June 19 from a 23-month-old peg to the dollar but it has barely risen in value since then.
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Nissan has best quarter in 2 years and keeps guidance

Nissan Motor Co reported its strongest quarterly operating profit in more than two years as sales surged in China and other major markets, but it left its cautious guidance unchanged amid an increasingly murky outlook for demand.
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Hyundai sees demand sliding after record Q2

Hyundai Motor Co , South Korea's top automaker, warned global car demand will likely ease in the second half due to a slowdown in key markets such as China, Europe and the United States, sending its shares lower.
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Hyundai posts record Q2 profit

Hyundai Motor Co , South Korea's top automaker, said its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the United States and China.
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Conoco Q2 surges as refining buoys Big Oil

ConocoPhillips , the third-largest U.S. oil company, reported a 150 percent increase in underlying quarterly profit, in a dramatic bounceback of its volatile refining business.
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Zijin told to curb gold production in China

Gold and copper production in China may suffer a setback following the Chinese government's order to limit Zijin Mining Group's production at a gold mine located near a separate copper mine that was the source of a toxic spill.
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Mental health experts ask: Will anyone be normal?

An updated edition of a mental health bible for doctors may include diagnoses for disorders such as toddler tantrums and binge eating, experts say, and could mean that soon no-one will be classed as normal.
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China yuan 'substantially undervalued'-IMF official

International Monetary Fund staff believe the yuan is substantially undervalued based on expectations that China's current account surplus will increase as the global economic recovery gains strength, a senior IMF official said on Wednesday.
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Euro firm on risk demand but lacks momentum

The euro struck a two-month high against the yen and stayed within reach of an 11-week high against the dollar on Wednesday, underpinned by robust European bank earnings and solid economic data. But analysts said the durability of any recovery in Europe was questionable.
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Euro firm on risk demand, Aussie hit by CPI

The euro struck a two-month high against the yen and stayed within reach of an 11-week high against the dollar on Wednesday, as markets stayed in risk-on mode on robust European bank earnings and solid economic data.

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