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Palm oil prices to rise on tight stocks, may hit 2,700 rgt in Q2 -Mistry

Feb 7- Palm oil prices could jump more than expected to 2,700 ringgit per tonne in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across Southeast Asia, vegetable oils analyst Dorab Mistry said. Concerns that dryness linked to an El Nino weather pattern will lower fresh fruit bunch yields in top...
Source: Reuters
China FX reserves fall almost $100B in January

China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
Source: Reuters
MIDEAST STOCKS-Saudi, Egypt edge down in early trade after oil weakens

DUBAI, Feb 7- Stock markets in Saudi Arabia and Egypt slipped in early trade on Sunday, erasing some of their gains in the previous session after oil prices reversed and global markets sold off at the end of last week. Saudi Cement rose 2.0 percent after the company recommended a dividend distribution of 3.00 riyals per share for the second half of 2015, versus a...
Source: Reuters
UPDATE 1-U.S. calls for holding N.Korea to account; Republicans talk tough

WASHINGTON, Feb 6- The United States vowed on Saturday to take all necessary actions to defend itself and its allies following a North Korean rocket launch, and said it would seek "significant measures" in the U.N. Security Council to hold North Korea to account. North Korea said the rocket carried a satellite, but its efforts have raised strong suspicion in...
Source: Reuters | By: Matt Spetalnick
Republican White House hopefuls talk tough after N.Korean launch

Feb 6- Republican White House contenders on Saturday called for a tough strategy toward North Korea, including expanded missile defense, after the reclusive communist nation appeared to have launched a long-range rocket into space. "They do not understand anything but toughness and strength," New Jersey Governor Chris Christie said of North Korea during the...
Source: Reuters
UPDATE 1-China FX reserves fall almost $100 bln to lowest since May 2012

BEIJING, Feb 7- China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. China's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012, central bank data showed, but higher than the median forecast of $3.20...
Source: Reuters
U.S. vows to defend itself and allies after N.Korean rocket launch

WASHINGTON, Feb 6- The United States vowed on Saturday to take all necessary actions to defend itself and its allies following a North Korean rocket launch, and called on the international community to show Pyongyang that its "reckless actions must have serious consequences." "North Korea's launch using ballistic missile technology... represents yet another...
Source: Reuters
New breed investors embrace China's white-knuckle ride

*Summer, January crashes slash China stocks trading volume. BEIJING, Feb 7- A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent others scurrying to the exit clutching their stomachs. Last summer's 40 percent crash and a 20 percent drop so far in 2016 have sent trading...
Source: Reuters | By: Jessica Macy Yu
China eyes Sinochem chief for ethics lapses

The president of Sinochem Group, China's energy and chemicals conglomerates, is under investigation for discipline violations, authorities said.
Source: Reuters
N. Korea launches rocket, defies UN, US

Defying warnings of tougher sanctions, North Korea launched a rocket widely considered to be a cover for developing ballistic missile technologies.
Source: The New York Times | By: By Choe Sang-Hun