LME metals prices dragged down by Shanghai

(Reuters) - Base metal prices fell in early London Metal Exchange business on Wednesday, dragged down by a fall on the Shanghai market overnight.

Copper, the benchmark for the metals markets and a key indicator of economic growth in general, was down $75 at $7,680/7,700 per tonne by 0948 GMT after a large rise in copper imports by China in the first quarter undermined Shanghai prices.


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U.K. Property Shares Fall, Paced by Land Securities; Vedanta Gains

(Bloomberg) -- U.K. real-estate stocks dropped, led by Land Securities Plc, British Land Co. and Liberty International Plc.

DSG International Plc fell after the retailer reported slower sales growth. EasyJet Plc slumped after Goldman, Sachs & Co. recommended investors sell the airlines' shares.


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JGBs climb as players square positions before GDP

(Reuters) - Two-year yields dipped after having matched a 10-month high earlier in the session as expectations have steadily mounted for the Bank of Japan to lift rates to 0.75 percent in August or September from the current 0.5 percent if the data is strong.

Some investors were looking to pick up bonds as nearly 9 trillion yen of government debt is due to mature next month, analysts said.


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UPDATE 1-Permira buys 29.6 pct stake in Valentino

(Reuters) - Permira said in a statement on Wednesday it would pay 35.65 euros per share including a dividend to International Capital Growth for the stake.

Permira beat out U.S. private equity firm Carlyle, which had also been in talks with ICG to buy the stake.


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JPMorgan's China fund JV fires manager over probe

(Reuters) - Tang could not be reached for comment.

Tang is the first Chinese fund manager to be sacked on suspicion of illicit stock trade.


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French Stocks Drop, Led by Credit Agricole, Arcelor Mittal and Renault

(Bloomberg) -- French stocks declined, led by Credit Agricole SA, Arcelor Mittal and Renault SA.

The CAC 40 Index lost 31.68, or 0.5 percent, to 6018.08 at 9:24 a.m. in Paris. The SBF 120 Index also dropped 0.5 percent.


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Asian Stocks Rise on TDK, Astellas, Macquarie Bank Earnings; Kajima Falls

(Bloomberg) -- Asian stocks rose after TDK Corp., Astellas Pharma Inc. and Macquarie Bank Ltd. reported earnings that beat estimates.

Expectations that economic and profit growth in Asia will exceed the rest of the world has helped the Morgan Stanley Capital International Asia-Pacific Index outpace its global equivalent in four out of the past five years.


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