TOKYO, July 25 (Reuters) - Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand.

SHANGHAI (Reuters) -China is confident of resolving the impact of monetary policy tightening by the U.S. Federal Reserve, the foreign exchange regulator said on Friday.

BEIJING (Reuters) - China's largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and pledged to maintain an accelerated pace of lending to fund infrastructure.

TOKYO (Reuters) - Worries over a global slowdown are casting a shadow over Asia's recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation.

LONDON (Reuters) - Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as burgeoning costs pushed consumers to cut back on expenditure, a survey showed.

SINGAPORE, July 22 (Reuters) - Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a shadow on the market this week.