FOREX-Yen drops as upcoming U.S. data puts Greek fears on hold *Sunday's referendum could be flash point for Greece. SYDNEY, July 2- The yen dipped in Asian trade on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the Federal Reserve to lift interest rates and briefly steal the spotlight from the Greece's debt crisis. Prime Minister Alexis Tsipras on Wednesday urged Greeks to reject...
| By: Ian Chua
South Korea turns to cheap spot crudes as glut grows SEOUL, July 2- Refiners in South Korea, the world's fifth-largest crude oil importer, have stepped up spot purchases this year, buying at prices depressed by an oil glut as they run their plants at high rates to catch strong processing margins. "Refining margins are firm thanks to rising demand triggered by weak oil prices, which has supported higher throughput...
| By: Meeyoung Cho
Gold languishes below $1,170 ahead of US jobs data Gold extended losses into a third session on Thursday, languishing close to its lowest in nearly four weeks due to a strong dollar and the prospect of higher U.S. interest rates, with all eyes on U.S. economic data due later in the day.
PRECIOUS-Gold languishes below $1,170 ahead of U.S. jobs data *Gold heads lower for third session. SINGAPORE, July 2- Gold extended losses into a third session on Thursday, languishing close to its lowest in nearly four weeks due to a strong dollar and the prospect of higher U.S. interest rates, with all eyes on U.S. economic data due later in the day. "Gold's appeal as a safe-haven asset, clearly, has not really shone through in the...
| By: strong U.S. private employment data and weakness in the euro
Nikkei gains more than 1 pct; automakers up on strong U.S. sales, weak yen *Nissan outperforms peers after posting outstanding U.S. sales. TOKYO, July 2- Japan's Nikkei share average rose more than 1 percent on Thursday, led by automakers which reported strong June sales in the U.S. market, and broadly supported by a weaker yen. "It's merely a rebound and not aggressive buying," said Masashi Oda, senior investment officer at Sumitomo Mitsui...
| By: Ayai Tomisawa
Snowbirds a rare bright spot in China property market The burgeoning elderly tourism market hit the headlines in June when a cruise ship on the Yangtze capsized. However, well before then tourism experts and real estate developers had noticed a wave of senior travelers who eschew breakneck site-seeing tours in favor of regular migration to second homes in the south.
| By: Zoe Alsop | Special to CNBC
US auto sales to reach 17.1M units in 2015: Pro John Humphrey, senior VP, global automotive operations of J.D. Power, expects auto sales in the U.S. to hit 17.1 million units for the rest of 2015, translating into a growth rate of 3 percent.