Wires

More

  • DOLLAR/YEN FALLS MORE THAN 1 PERCENT ON THE DAY.

  • TOKYO, July 26- Japan's Nikkei share average dropped on Tuesday morning to a 1-1/ 2- week low as Wall Street languished and the dollar fell against the yen ahead of the U.S. The Nikkei fell 1.3 percent to 16,400.47 in mid-morning trade, after falling to as low as 16,344.34, the lowest level since July 14. "As expectations for helicopter money waned while there are...

  • SINGAPORE, July 26- Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil futures were trading at $44.80 per barrel at 0134 GMT, up 8 cents from their last close. West Texas Intermediate...

  • *Q2 GDP +0.7 pct s/adj q/q. SEOUL, July 26- South Korea's economy grew at an unexpectedly robust 3.2 percent annual rate in the second quarter, driven by firmer domestic consumption and capital investment, but analysts said the lift would probably be temporary. Gross domestic product expanded 0.7 percent in April-June, following 0.5 percent growth in the first...

  • SYDNEY, July 26- U.S. soybean prices fell for a third straight session on Tuesday to trade around the lowest in more than three months, as fears over yields diminished after the U.S. Department of Agriculture said the crop withstood recent hot weather. *The most active soybean futures on the Chicago Board Of Trade fell 0.23 percent to $9.64 a bushel, having closed...

  • MELBOURNE, July 26- London copper was trapped near one-week lows on Tuesday as risk appetite dried up and volumes dwindled ahead of the U.S. *Shanghai Futures Exchange copper fell 1 percent to 37,790 yuan a tonne. *German business morale fell only slightly in July, a benchmark survey showed, suggesting Europe's largest economy has weathered the immediate storm...

  • BENGALURU, July 26- Gold inched up early Tuesday as the dollar slipped and equities eased ahead of central bank meetings in the United States and Japan this week. *The U.S. financial system faces greater potential instability due to Britain's decision to leave the European Union while low and negative interest rates also raise risks, a U.S. government monitor...

  • LONDON, July 25- Hedge funds have been liquidating their former record bullish position in crude futures and options putting downward pressure on oil prices in recent weeks. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by 31 million barrels to 453 million in the week ending on July 19.

  • TOKYO, July 26- Japan's government is likely to inject 6 trillion yen in direct fiscal outlays into the economy over the next few years under a planned stimulus package, double the amount initially planned, the Nikkei newspaper reported on Tuesday. The Finance Ministry had initially earmarked 3 trillion yen for direct spending from national and local...

  • TOKYO, July 26- The dollar slipped ahead of the U.S. The dollar slipped 0.5 percent against the yen to 105.23, while the euro shed 0.5 percent to 115.66 yen. The Japanese government is also putting together a massive spending package worth about 20 trillion yen, government sources told Reuters last week, though actual public spending will be far less than the...

  • SYDNEY, July 26- Caution gripped Asian markets on Tuesday, sending the safe-haven yen higher ahead of central bank meetings in the United States and Japan, while a fresh skid in oil dampened energy stocks on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, consolidating after recently topping out at nine-month highs.

  • ABU DHABI, United Arab Emirates— The world's first round-the-world flight to be powered solely by the sun's energy made history Tuesday as it landed in Abu Dhabi, where it first took off on an epic 25,000- mile journey that began more than a year ago. After landing the plane, pilot Bertrand Piccard was greeted outside the cockpit by his Solar Impulse partner and...

  • July 26- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 26 July United States Sale of 5- year notes.

  • NEW YORK— Four days after the ouster of Roger Ailes as Fox News chief, two more executives at the network have been axed. But the firing of Michael Clemente and his top deputy, Peter Boyer, were not related to the sexual harassment allegations that forced Ailes out at the network that he started two decades ago, two Fox executives said Monday, speaking on condition of...

  • *Q2 GDP +0.7 pct s/adj q/q. SEOUL, July 26- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved. Tuesday's data offered some hope as Asia's fourth-largest economy struggles to escape low...

  • HONG KONG _ Seaspan Corp. on Monday reported second-quarter net income of $36.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Seaspan shares have decreased slightly more than 7 percent since the beginning of the year.

  • TRENTON, N.J.— A new Democratic plan to raise the state's gas tax by 23 cents a gallon while cutting other taxes is "dead on arrival," Gov. Christie, a Republican, shot down a proposal unveiled Friday by Senate President Steve Sweeney and Assembly Speaker Vincent Prieto. "I reviewed this weekend the Democrats' latest plan to fund the Transportation Trust Fund through a...

  • BRIEF-AMAZON, UK GOVERNMENT PARTNER ON USING SMALL DRONES@. *Amazon and UK government aim for sky with partnership on drones. Source text for Eikon: Further company coverage:.

  • SEOUL, July 26- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved. It follows 0.5 percent growth for the first quarter. The Bank of Korea estimates showed private consumption rose by a...

  • SEOUL, July 26- Following are details of the advance estimates of South Korea's gross domestic product for the April-June period of 2016 by the Bank of Korea:. OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED Q2 2016* Q1 2016. Private consumption 3.2 2.2 Government consumption 3.7 4.5 Facilities investment -2.6 -4.5 Construction investment 10.6 9.6 Investment on IP...