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CHINA MONEY-Beijing keeps exchange rate frozen even while pledging more yuan volatility

SHANGHAI, July 29- Beijing may be struggling to put a floor under its tumbling stock market but it has managed to lock the yuan into an incredibly tight band against the dollar, despite pledging again to allow more exchange rate volatility. The cabinet said last week that Beijing would allow the yuan to fluctuate more to support weak exports.
Source: Reuters | By: Lu Jianxin and Pete Sweeney
Nikkei edges lower as Fanuc, Tokyo Electron dive; Fed in focus

*Fanuc, Tokyo Electron take hefty points off Nikkei. TOKYO, July 29- Japan's Nikkei share average edged down on Wednesday morning hit by sharp falls in Fanuc Corp and Tokyo Electron after they cut their full-year forecasts, while the market awaited a policy decision from the U.S. Tokyo Electron Ltd dived 11 percent to 6,593 yen, after it cut its full-year operating...
Source: Reuters | By: Ayai Tomisawa
METALS-London copper jumps as shorts rush for cover

MELBOURNE, July 29- London copper jumped on Wednesday as short sellers rushed to cover their positions amid speculation about further stimulus from China, and ahead of a key monetary policy meeting in the United States. Three-month copper on the London Metal Exchange jumped by 1.2 percent to $5,360.50 a tonne by 0141 GMT, adding to 2.2 percent gains in the...
Source: Reuters | By: Melanie Burton
Taiwan stocks down, flat panels drag

TAIPEI, July 29- Taiwan stocks fell on Wednesday, pulled lower by flat panels after one of the major television and gadget screen makers issued a downbeat outlook. The world's No.3 and 4 flat panel makers, Innolux Corp and AU Optronics Corp, suffered declines of 5.76 percent and 5.68 percent respectively, after the latter expressed caution about business in the...
Source: Reuters
Pressure mounts on India state lenders as bad loans pile up

Three of India's leading state-run lenders reported a drop in their first quarter net profits, weighed down by rise in provision for bad loans and cooling expectations of a turnaround in the country's dominant but ailing government banking sector.
Source: Reuters
Oregon 'kayaktivists' to protest Shell Arctic oil search

PORTLAND, Ore., July 28- Protesters began gathering in a riverside park in Portland Tuesday evening, planning to drop kayaks in the water to protest Wednesday's scheduled launch of a ship to be used by Royal Dutch Shell for Arctic oil exploration. Following the lead of protesters in Seattle who tried to block ships headed for Shell's planned oil exploration in the...
Source: Reuters | By: Shelby Sebens
S.Korea June dept store sales revised down to worst on record from MERS

SEOUL, July 29- Sales at top South Korean department stores in June fell more than reported earlier to mark the worst drop on record, revised government data showed on Wednesday, as an outbreak of Middle East Respiratory Syndrome prompted consumers to cut spending. The trade ministry said sales at department store chains run by Hyundai Department Store, Lotte...
Source: Reuters
China stocks lead gains in Asia; Shanghai Comp. opens up 0.8%

Mainland stocks led gains in Asia's recovery early Wednesday, encouraged by a positive finish on Wall Street overnight and some recovery in commodity prices.
Source: CNBC.com | By: See Kit Tang
What to expect at the Boao Forum for Asia Conference  

Mike Baird, Premier of New South Wales, discusses the significance of the Boao Forum for Asia Conference which will held in Sydney from July 30-31.
Source: CNBC.com
Gold wedged below $1,100 ahead of Fed outcome

Gold held just below $1,100 an ounce early on Wednesday, trading not far from a 5-1/2-year low, as investors awaited the outcome of the U.S. Federal Reserve's meeting for more clues on the timing of this year's interest rate increase.
Source: Reuters