Oil prices fall as Saudi Arabia dampens prospects of output freeze

SINGAPORE (Reuters) – Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.

Oil prices fall as Saudi Arabia dampens prospects of output freeze

Taiwan’s CTBC Financial, China CITIC Bank cancel deals

TAIPEI/BEIJING (Reuters) – CTBC Financial Holdings , parent of Taiwan’s top credit card issuer, and Chinese state-backed lender China CITIC Bank Corp have canceled investments in each other amid fresh cross-strait political tensions.

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Taiwan’s CTBC Financial, China CITIC Bank cancel deals

Asia stocks wary, dollar slips before Fed Chair Yellen’s speech

SINGAPORE/TOKYO (Reuters) – Asian stocks were largely steady on Friday, with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen.

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Asia stocks wary, dollar slips before Fed Chair Yellen’s speech

India’s Infosys says seeing client-specific softness after Brexit

NEW DELHI (Reuters) – Indian IT services provider Infosys Ltd is seeing some ‘softness’ in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.

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India’s Infosys says seeing client-specific softness after Brexit

Phillips 66 delays planned SRU maintenance at Borger, Texas refinery: filing

(Reuters) – Phillips 66 has decided to delay a planned maintenance on a sulfur recovery unit (SRU) that was scheduled for Friday at its 146,000 barrel-per-day Borger, Texas, refinery, a filing with the Texas Commision on Environmental Quality said.

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Phillips 66 delays planned SRU maintenance at Borger, Texas refinery: filing

Schooled in the short run, central banks struggle with a long-term role

JACKSON HOLE, Wyo. (Reuters) – Schooled in economic thinking that confines monetary policy to the short run, central bankers gathering in Jackson Hole, Wyoming, are grappling with a singular change: whether they can take over as guardians of long-term growth with programs that may stay in place and influence markets for decades to come.

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Schooled in the short run, central banks struggle with a long-term role

Economists see ride-hailing industry as ripe for competition

SAN FRANCISCO (Reuters) – Chinese powerhouse Didi Chuxing’s acquisition of Uber Technologies Inc’s [UBER.UL] China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.

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Economists see ride-hailing industry as ripe for competition

Lotte Group vice chairman found dead, suicide suspected

SEOUL (Reuters) – One of the senior most executives at South Korea’s Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the family-run conglomerate.

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Lotte Group vice chairman found dead, suicide suspected

Defying Najib, Malaysian students plan rally calling for 1MDB arrest

KUALA LUMPUR (Reuters) – Defying Malaysian Prime Minister Najib Razak’s crackdown on dissent, student activists made plans for a mass rally on Saturday to call for the arrest of an unnamed official who U.S. investigators say received $700 million skimmed from a sovereign fund.

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Defying Najib, Malaysian students plan rally calling for 1MDB arrest

China, U.S. still in talks on trade pact despite challenges: Chinese commerce official

BEIJING (Reuters) – China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday.

China, U.S. still in talks on trade pact despite challenges: Chinese commerce official

Asia stocks tentative, dollar slips before Yellen’s rates signal

SINGAPORE/TOKYO (Reuters) – Asian stocks were steady on Friday with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen.

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Asia stocks tentative, dollar slips before Yellen’s rates signal

Fed officials tell activists rate hikes won’t derail economy

JACKSON HOLE, Wyo. (Reuters) – An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from eventually overheating.

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Fed officials tell activists rate hikes won’t derail economy

Toshiba: Japan trunk bank sues it for $120 million over accounting scandal

TOKYO (Reuters) – Toshiba Corp said on Friday a Japanese trust bank was suing it for 12 billion yen ($119 million) for losses stemming from the company’s $1.3 billion accounting scandal last year.

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Toshiba: Japan trunk bank sues it for $120 million over accounting scandal

Oil prices dip as Saudi Arabia dampens prospects of output freeze

SINGAPORE (Reuters) – Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month.

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Oil prices dip as Saudi Arabia dampens prospects of output freeze

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