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Novartis says lung cancer drug canakinumab failed phase III trial

ZURICH, Aug 15 (Reuters) - Novartis NOVN.S said on Monday its canakinumab drug to help treat non-small cell lung cancer failed a phase III trial. The drug, used as an adjuvant treatment, did not meet its primary endpoint of disease-free survival, the Swiss company said. Reporting by John Revill; Editing by Christian Schmollinger
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Aussie, kiwi sink as China's recovery falters; yuan eases on surprise rate cut

By Kevin Buckland TOKYO, Aug 15 (Reuters) - The Australian and New Zealand dollars retreated from near two-month highs on Monday after a new batch of dissappointing data from China, a key trading partner, while the yuan weakened following a surprise rate cut. The greenback edged higher as traders continued to hawkish comments by Federal Reserve policymakers' against signs that U.S.
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South African Markets - Factors to watch on Aug 15

JOHANNESBURG, Aug 15 (Reuters) - The following company announcements, equity and currency market moves may affect South African markets on Monday. COMPANIES Thungela Resources TGAJ.J half-year results Absa Group ABGJ.J interim results SOUTH AFRICAN MARKETS The South African rand edged lower late on Friday, after a strong week in which it was bolstered by traders looking for signs of U.S.

Novartis says lung cancer drug canakinumab failed phase III trial

ZURICH, Aug 15 (Reuters) - Novartis NOVN.S said on Monday its canakinumab drug to help treat non-small cell lung cancer failed a phase III trial. The drug, used as an adjuvant treatment, did not meet its primary endpoint of disease-free survival, the Swiss company said. Reporting by John Revill; Editing by Christian Schmollinger
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Asia shares mixed, China cuts rates as data disappoints

* Asian stock markets : Link * Nikkei edges up, S&P 500 futures dip * PBOC cuts key rates, China data badly miss forecasts * Eyes on Fed minutes, U.S. retail sales, earnings By Wayne Cole SYDNEY, Aug 15 (Reuters) - Asian shares were mixed on Monday after China's central bank trimmed key lending rates as a raft of economic data missed forecasts and underlined the need for more stimulus to support the world's second largest economy.
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JGB yields mostly flat ahead of five-year debt auction

TOKYO, Aug 15 (Reuters) - Japanese government bond (JGB) yields were little changed on Monday, amid a lack of market-moving cues, while investors were also cautious ahead of an auction of five-year notes. The five-year yield JP5YTN=JBTC was flat at minus 0.010% and the two-year JGB yield JP2YTN=JBTC was flat at -0.090%. The 10-year JGB yield JP10YTN=JBTC was flat at 0.185%.

China stocks slip on slowdown fears despite surprise rate cuts

SHANGHAI, Aug 15 (Reuters) - China stocks fell on growth concerns on Monday after factory and retail activity slowed in July even as the central bank unexpectedly cut key rates to support the COVID-19 hit economy. The CSI300 index .CSI300 and the Shanghai Composite Index .SSEC both slipped 0.1% at the end of the morning session. Some growth-oriented stocks, however, gained from lower rates.

UK Stocks-Factors to watch on August 15

August 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat with futures .FFIc1 up 0.51% on Monday. * SHELL: A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, with producers moving to reactivate some of the halted production. * STRIKE: Britain's Communication Workers Union said on Friday workers at the Post Office would take their fourth round of industrial action on Aug.
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Philippines fully awards $269 mln T-bill offer; yields up

MANILA, Aug 15 (Reuters) - Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of T-bills on Monday: * BTr fully awards 15 billion Philippine pesos ($268.70 million) offer * Tenders total 40.532 billion pesos * BTr awards 5 billion pesos of 91-day T-bills at avg rate of 1.874% versus previous auction avg of 1.850% * B

Fasten your seat belts

A look at the day ahead in markets from Anshuman Daga Just as investors were starting to get more confident about a soft landing for the world's largest economy, with strong jobs growth and cooling inflation, China is playing spoilsport. A slew of data from the second-largest economy missed market forecasts on Monday, forcing the central bank to unexpectedly cut key lending rates in a bid to shore up demand.
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Oil prices fall nearly $1/bbl as China data disappoints

* China's July refinery output lowest since March 2020 - data * Saudi Aramco ready to maximise output to 12 mln bpd - CEO * U.S. Gulf of Mexico production resumes after repairs By Florence Tan SINGAPORE, Aug 15 (Reuters) - Oil prices dropped for a second session on Monday as weak China economic data triggered concerns about demand at the world's largest crude importer while the head of the world's top exporter, Saudi Aramco, said it was ready to ramp up output.
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Take Five: Retailer round-up, UK economy woes and Europe's power problems

Aug 11 (Reuters) - U.S. retailers' earnings will give a glimpse into how consumers are dealing with sky-high inflation, and a raft of data offer a check-up on the health of the UK economy. Power problems will continue to plague Europe, while the central bank spotlight falls on New Zealand. Here's your week-ahead in markets from Sujata Rao in London, Ira Iosebashvili and Lewis Krauskopf in New York, Vidya Ranganathan in Singapore, Riddhima Talwani in New Delhi, Sumanta Sen in Mumbai and Vineet Sa

Philippine peso, rupiah lead losses as China data hits mood

* Philippine peso, Indonesian rupiah top losers * Thai Q2 GDP growth misses expectations * China July industry, retail activity slower-than-expected * China c.bank cuts 2 key rates to support economy By Sameer Manekar Aug 15 (Reuters) - Asian currencies slipped on Monday, with the Philippine peso and Indonesian rupiah leading losses as disappointing activity data in China clouded the outlook, while the yuan fell after the central bank cut two key interest rates.
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African Markets - Factors to watch on Aug. 15

NAIROBI, Aug 15 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. - - - - - GLOBAL MARKETS Asian shares turned mixed on Monday after China's central bank trimmed key lending rates as a raft of economic data missed forecasts, underlining the need for more stimulus to support the world's second largest economy.

China's yuan slips to 1-week low after PBOC's surprise rate cuts

SHANGHAI, Aug 15 (Reuters) - China's yuan weakened to a one-week low against the dollar on Monday, after the central bank unexpectedly cut key interest rates in the wake of a slew of downbeat data that pointed to persistent economic weakness. China's central bank surprised the market by lowering borrowing costs on medium-term policy loans and a short-term liquidity tool for the second time this year, to try to revive credit demand to support the COVID-hit economy.
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Factors to watch - August 15

DUBAI, Aug 15 (Reuters) - Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Asia shares mixed as China cuts rates, data disappoints * Oil prices ease as Aramco says ready to boost crude output * PRECIOUS

Turkey - Factors to Watch on Aug 15

ISTANBUL, Aug 15 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday. The lira TRYTOM=D3 was quoted at 17.9400-17.9630 against the dollar early on Monday, having closed at 17.9630 on Friday. The main BIST 100 share index .XU100 closed 0.15% lower at 2,864.25 points on Friday. GLOBAL MARKETS Asian shares turned mixed on Monday after China's central bank trimmed key lending rates as a raft of economic data missed forecasts, underlining the need for mor

Gold dips as dollar firms, Fed rate-hike fears linger

* Focus on Fed minutes due on Wednesday * Gold well supported around $1,785/oz - analyst * SPDR Gold Trust holdings fall 0.2% on Friday By Brijesh Patel Aug 15 (Reuters) - Gold prices slipped on Monday, weighed down by a rebound in the U.S. dollar and expectations of further interest rate hikes from the Federal Reserve to tame high inflation. Spot gold XAU= was down 0.4% at $1,794.78 per ounce, as of 0352 GMT, after rising about 1.6% last week.
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OPEC, IEA oil demand views converging, optimistic over risks: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Aug 15 (Reuters) - The forecast for global crude oil demand was raised by the International Energy Agency (IEA) and lowered by OPEC in reports last week, but the apparent differing views actually masked an increasing convergence between the consumer and producer groups.

Singapore marine fuel sales rebound to seven-month high in July

By Jeslyn Lerh SINGAPORE, Aug 15 (Reuters) - Marine fuel sales in Singapore, the largest bunkering hub in the world, rose by 10% month-on-month to a seven-month high of 4.12 million tonnes in July, latest data from the Maritime and Port Authority (MPA) of Singapore showed. The uptick came amid a rise in vessel arrivals for bunkering, which climbed 8% month-on-month to 3,181 vessel calls in July.

Vietnam dong, gold rates - Aug. 15

HANOI, Aug 15 (Reuters) - Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 3:46 GMT. August 15 USD/VND mid-point VND=SBVN 23,160 USD/VND interbank VND=VN 23,400/23,405 USD/VND unofficial VNDUNOFF=VN 23,900/24,000 SJC gold (mln dong/tael) 66.40/67.42 NOTES: The State Bank of Vietnam began setting the mid-point rate on a daily basis as of Jan.



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