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Asia shares hit one-month high as investors bet on a dovish Fed

GLOBAL MARKETS-Asia shares hit one-month high as investors bet on a dovish Fed By Rae Wee SINGAPORE, Aug 20 (Reuters) - Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week. With the data calendar relatively light across major economies this week, all eyes are on Wednesday's release of the Fed's July meeting minutes and Chair Jerome Powell's speech at Jackson H
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Asia shares hit one-month high as investors bet on a dovish Fed

GLOBAL MARKETS-Asia shares hit one-month high as investors bet on a dovish Fed By Rae Wee SINGAPORE, Aug 20 (Reuters) - Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week. With the data calendar relatively light across major economies this week, all eyes are on Wednesday's release of the Fed's July meeting minutes and Chair Jerome Powell's speech at Jackson H
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Keppel Partners With ADB And EnterpriseSG

BRIEF-Keppel Partners With ADB And EnterpriseSG Aug 20 (Reuters) - Keppel Ltd KPLM.SI : KEPPEL PARTNERS ADB AND ENTERPRISESG TO EXPLORE ENERGY TRANSITION AND ENV SUSTAINABILITY PROJECTS KEPPEL PARTNERS ADB AND ENTERPRISESG TO EXPLORE USD 800 MILLION WORTH OF ENERGY TRANSITION PROJECTS IN ASIA AND PACIFIC MOU TO JOINTLY EXPLORE USD 800 MILLION WORTH

Vicinity Centres Posts Final Distribution (Unfranked) 5.90 Au Cents

BRIEF-Vicinity Centres Posts Final Distribution (Unfranked) 5.90 Au Cents Aug 20 (Reuters) - Vicinity Centres VCX.AX : FINAL DISTRIBUTION (UNFRANKED) OF 5.90 AU CENTS PER STAPLED SECURITY Further company coverage: VCX.AX
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Australia's Helia Group hits over 2-month high on upgrading FY24 forecast

BUZZ-Australia's Helia Group hits over 2-month high on upgrading FY24 forecast ** Shares of insurance provider Helia Group HLI.AX rise as much as 4.1% to A$4.110, their highest level since June 18 ** Co sees insurance revenue between A$375 mln and A$415 mln for FY24 ($252.34 mln and $279.25 mln) higher than its earlier forecast of A$360 mln to A$44

Seven & i shares give up some gains after Couche-Tard bid

Seven & i shares give up some gains after Couche-Tard bid TOKYO, Aug 20 (Reuters) - Shares of Japan's Seven & i Holdings 3382.T fell by almost 6% in morning trade on Tuesday, giving up some of their gains from the previous day, when they surged on news of a takeover proposal from Canada's Alimentation Couche-Tard ATD.TO . While the value of the offer has not been disclosed, it would make the 7-Eleven owner the largest-ever Japanese target of a foreign buyout.

Australia's Mader Group hits record low on weaker-than-expected results, forecast

BUZZ-Australia's Mader Group hits record low on weaker-than-expected results, forecast ** Shares of specialist technical services provider Mader Group MAD.AX fall as much as 17.5% to an all-time low of A$5.30 ** Co posts FY NPAT of A$50.4 mln ($33.91 mln), up 31% from last year but missing consensus estimate of A$51.9 mln ** Posts FY revenue of A$7

Reliance Worldwide logs best day in 3-1/2 years on better-than-expected results

BUZZ-Reliance Worldwide logs best day in 3-1/2 years on better-than-expected results ** Shares of Australian plumbing solutions provider Reliance Worldwide Corp RWC.AX soar as much as 10.4% to A$5.190, their biggest intraday jump since late January 2021 ** RWC among top 5 gainers in the ASX200 benchmark index .AXJO ** Says FY adjusted profit of $14
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New Zealand's Mercury slips on bleak FY25 outlook, higher costs

BUZZ-New Zealand's Mercury slips on bleak FY25 outlook, higher costs ** Shares of power generator Mercury NZ Ltd MCY.NZ fall as much as 3.3% to NZ$6.370, posting their biggest intraday pct drop since February 2022 ** Co says current market situation has negatively impacted MCY's FY25 trading margin by NZ$90 mln ($55.04 mln) due to lower generation ** Says unfavourable short portfolio position in Q1 FY25 required buying electricity at high prices ** Says FY24 electricity generation 8,780 gigawatt

Soybeans, corn rise on soft dollar, but ample supply caps gains

GRAINS-Soybeans, corn rise on soft dollar, but ample supply caps gains CANBERRA, Aug 20 (Reuters) - Chicago soybean and corn futures edged higher on Tuesday, aided by a weakening dollar, but they hovered near four-year lows as traders waited to see if a widely followed crop tour this week will support expectations of bumper U.S. yields. Wheat futures edged lower as large Black Sea harvests and an improvement in the condition of U.S.

Australia's Ingenia Communities hits 2-1/2-year high on upbeat results, forecast

BUZZ-Australia's Ingenia Communities hits 2-1/2-year high on upbeat results, forecast ** Shares of Ingenia Communities INA.AX rise as much as 7.9% to A$5.480, their highest level since Feb. 22, 2022 ** Property developer posts biggest intraday pct jump since Nov 11, 2022 ** Co posts FY EBIT growth of 17%, beating its guidance of 10%-15% growth, whi

Yancoal Australia slumps after holding off dividend as HY profit declines

BUZZ-Yancoal Australia slumps after holding off dividend as HY profit declines ** Shares of coal producer Yancoal Australia YAL.AX slide as much as 17.7% to A$5.730, their lowest since early May ** Co's HY profit slumped 57% hurt by slide in prices due to lower demand ** YAL did not declare an interim dividend vs 37 Australian cents per share decla

Australia's Baby Bunting soars nearly 17%, outlook largely as expected

BUZZ-Australia's Baby Bunting soars nearly 17%, outlook largely as expected ** Shares of Australia's Baby Bunting BBN.AX jump as much as 16.7% to A$1.780, their highest level since May 8 ** Stock of baby goods retailer among top gainers in the ASX All Ordinaries index .AORD ; up for an eighth straight session ** Marks its biggest intraday pct gain

China leaves key lending benchmarks unchanged, as expected

UPDATE 1-China leaves key lending benchmarks unchanged, as expected Adds policy and economic context SHANGHAI/SINGAPORE, Aug 20 (Reuters) - China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. WHY IT'S IMPORTANT The steady monthly LPR fixings met market expectations, as shrinking interest margins at lenders hampered continued easing efforts after China lowered a string of key interest rates a month earlier.
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Australia's Monadelphous tops ASX 200 on strong FY results

BUZZ-Australia's Monadelphous tops ASX 200 on strong FY results ** Shares of Monadelphous Group MND.AX rise as much as 9.3% to A$12.920, their highest level since July 31 ** Stock top gainer on benchmark S&P/ASX 200 index .AXJO ** Construction services provider posted 17% increase in FY24 revenue to A$2.02 bln ($1.36 bln) ** Co posted net profit at
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Belarus says it sends more troops, aircraft, armoury to border with Ukraine

Belarus says it sends more troops, aircraft, armoury to border with Ukraine Aug 20 (Reuters) - Belarus said on Monday it had sent aircraft, air defence forces and armoury to its border with Ukraine, a day after President Alexander Lukashenko said he had deployed nearly a third of his country's armed forces to the region. "The group has been significantly increased, and at the moment they are on duty at the southern borders of our country," Commander of the Air Force and Air Defence of Belarus Ma

Dollar at seven-month low on rate cut bets, Powell speech in focus

FOREX-Dollar at seven-month low on rate cut bets, Powell speech in focus By Ankur Banerjee SINGAPORE, Aug 20 (Reuters) - The dollar hung near a seven-month low on Tuesday on wagers the U.S. central bank will start cutting interest rates from next month, with traders preparing for comments from Federal Reserve Chair Jerome Powell on Friday . The weakness in the dollar lifted the euro EUR=EBS to its highest this year, while sterling GBP=D3 was perched near a one-month peak.
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Couche-Tard may find 7-Eleven bid more convenient

RPT-BREAKINGVIEWS-Couche-Tard may find 7-Eleven bid more convenient The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix typo in paragraph four. By Anshuman Daga SINGAPORE, Aug 19 (Reuters Breakingviews) - Alimentation Couche-Tard ATD.TO may have better luck in Japan. After its bid to takeover Carrefour CARR.PA was essentially vetoed by the French government on food and security grounds in 2021, the Circle-K owner has made a preliminary takeover off
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Australian shares at 2-week high on miners' boost; RBA minutes in focus

Australian shares at 2-week high on miners' boost; RBA minutes in focus Aug 20 (Reuters) - Australian shares rose to a two-week high on Tuesday, supported by heavyweight miners, while investors eagerly await minutes from the central bank's recent policy decision where it decided to stand pat on interest rates. The S&P/ASX 200 index .AXJO was up as much as 0.6% at 8,025.2 points, as of 0020 GMT.
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Australia's Judo Capital hits 1-1/2-year high on strong FY results

BUZZ-Australia's Judo Capital hits 1-1/2-year high on strong FY results ** Shares of Judo Capital JDO.AX climb as much as 11.2% to A$1.540, their highest since February 2023 ** The holding company of Judo Bank posts 2% rise in FY underlying profit before tax to A$110.1 mln ($74.04 mln) ** Posts FY net interest margin of 2.94%, above previous foreca
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China leaves key lending benchmarks unchanged, as expected

China leaves key lending benchmarks unchanged, as expected SHANGHAI/SINGAPORE, Aug 20 (Reuters) - China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. The one-year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.35%, while the five-year LPR CNYLPR5Y=CFXS was unchanged at 3.85%. In a Reuters survey of 37 market participants conducted this week, all respondents expected both rates to stay unchanged.



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