Shanghai base metals dropped sharply on Thursday, with copper and zinc plumbing fresh one-year lows after a broad sell-off in London in the previous session before bouncing back slightly on news of fresh U.S.-China trade talks.
Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey's currency crisis and fears of an economic slowdown in China fanned worries about global growth.
* Qatar announces $15 billion investment after emir meets Erdogan
Gold prices shed over one percent on Thursday to hit their lowest in more than 19 months, with the U.S. dollar holding steady near a recent peak as concerns about a Turkey crisis and China's economic health weighed on emerging market currencies.
Shares of Chinese technology giant Tencent Holdings were set to slide 4.8 percent on Thursday after it reported its first quarterly profit fall in nearly 13 years and said it had no clarity on when it may get China approval for its most popular game.
The dollar held near a 13-month peak on Thursday as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market currencies.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Today in Washington ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ----------------------------------------------------------- THURSDAY, AUGUST 16 LIMA - Peruvian Finance Minister Carlos Oliva speaks at business forum. SYDNEY - Appearance by Reserve Bank of Australia Governor Philip Lowe before the House of Representatives' Standing Committee on Economics - 2330 GMT. MUMBAI, India - The Reserve Bank of India will release the August
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U.S. senators agreed on Wednesday to debate and vote in the next few days on more than $850 billion in spending on defense, labor and healthcare programs, as the Trump administration announced its objections to some parts of the bill.
WASHINGTON President Donald Trump took steps on Wednesday to loosen limits on when the U.S. government can deploy cyber weapons against adversaries, reversing Obama-era guidelines, the Wall Street Journal reported on Wednesday.
