Wires

  • WASHINGTON, Sept 26- President Barack Obama will convene his eighth and final Tribal Nations Conference on Monday and Tuesday, assembling leaders of more than 560 Native American tribes to discuss the environment and a range of other issues, even as one of the largest Native American protests in decades continues in North Dakota. Thousands of Native Americans,...

  • MADRID— Protesters shouted insults at Rodrigo Rato, the former head of the International Monetary Fund, as he and 64 others entered court for a trial over the alleged misuse of corporate credit cards at a Spanish bank. Prosecutors are seeking a 4 ½ year jail term for Rato, 67, who headed Bankia group between 2010 and 2012.. Rato was IMF chief from 2004 to 2007 and a...

  • *Copper falls, losses limited by China demand prospects. Sept 26- Nickel led metal prices lower on Monday, easing after hitting six-week highs on Friday on the possibility of further mine closures in the Philippines. By 0930 GMT on the London Metal Exchange, Nickel had slipped 1.8 percent to $10,470 a tonne.

  • *Copper falls, losses limited by China demand prospects. Sept 26- Nickel led metal prices lower on Monday, easing after hitting six-week highs on Friday on the possibility of further mine closures in the Philippines. By 0930 GMT on the London Metal Exchange, Nickel had slipped 1.8 percent to $10,470 a tonne.

  • LONDON, Sept 26- Turkish stocks, bonds and the lira sold off on Monday after a credit rating downgrade to junk while rising unease over U.S. politics and a meeting of oil exporters spurred broader emerging markets weakness. "You've had the coup, you have had various terrorist attacks, you have a central bank that is cutting interest rates and it is far from clear... that...

  • JAKARTA, Sept 26- Indonesian airline operator PT Sriwijaya Air plans to launch an initial public offering of equity shares in March, owner and group chief executive Chandra Lie told reporters on Monday. Sriwijaya Air's plan to go public next year comes as domestic rival Lion Air, the country's biggest budget carrier, is also considering floating its shares on...

  • It struggled to build on those gains later in the week, however, as uncertainty over the outlook for U.S. monetary policy and sluggish demand for physical metal in Asia kept a lid on gains. Spot gold was at $1,335.53 an ounce at 0930 GMT, down 0.1 percent, while U.S. gold futures for December delivery were down $1.90 an ounce at $1,339.80. "Gold remains stuck in a relative...

  • LONDON— A survey of company CEOs in Britain suggests that a majority is considering moving some business away from the U.K. amid concerns about the country's future outside the European Union. The results are important because so much of Britain's economy hinges on financial services— some 2 million people across the U.K. are directly or indirectly employed by...

  • SHANGHAI, Sept 26- For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. If they don't, then I think they're lying, "he told Reuters from his ship during a 24 hour-long stop in Shanghai's port last Saturday. While hailed as engineering feats, these mega-ships are now being blamed for contributing to the overcapacity glut...

  • BERLIN, Sept 26- German business morale rose far more than expected in September, reaching its highest level in more than two years, a survey showed on Monday, signaling that executives had brushed off concerns about Brexit that had weighed on their mood last month. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey...

  • LONDON, Sept 26- European and Asian shares retreated on Monday as investors waited to see how Donald Trump would fare in a U.S. presidential debate against Hillary Clinton, while oil prices firmed before an informal OPEC meeting. Trump could see market volatility increase, particularly if investors think there is a possibility that he could actually win, "wrote...

  • *Algeria minister says won't come out of meeting "empty-handed". LONDON, Sept 26- Oil held steady on Monday, as the world's largest producers gathered in Algeria to discuss ways to support the market, although skepticism about any deal being reached has prompted money managers to cut their bullish bets to a one-month low. Members of the Organization of the...

  • *Warsaw stocks hit 12- day low ahead of government reshuffle. *Slovenia's 10- year bond yield at record low on Fitch upgrade. BUDAPEST, Sept 26- Poland led a fall in Central European stocks on Monday, extending losses posted since Polish Prime Minister Beata Szydlo said on Friday that she would reshuffle her government.

  • BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has increased sharply to its highest reading since May 2014 amid signs that concerns related to Britain's vote to leave the European Union have dissipated. Over recent months, there have been a number of indicators pointing to an economic slowdown in Germany,...

  • BEIJING, Sept 26- China has launched a 350 billion yuan restructuring fund as the government pushes' supply-side' reforms that have included mergers of inefficient state enterprises and laying off workers in struggling sectors such as coal and steel. The China State-owned Enterprises Restructuring Fund will be managed by the State-owned Assets...

  • TOKYO, Sept 26- The plan to sell beleaguered Takata Corp to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the air bag maker through bankruptcy to wipe out most of its debt, people with knowledge of the matter said. Takata faces about 1 trillion yen in costs to recall potentially faulty air bag inflators worldwide,...

  • TOKYO, Sept 26- The plan to sell beleaguered Takata Corp to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the air bag maker through bankruptcy to wipe out most of its debt, people with knowledge of the matter said. Takata faces about 1 trillion yen in costs to recall potentially faulty air bag inflators worldwide,...

  • SEOUL, Sept 26- South Korean prosecutors asked a court on Monday to approve an arrest warrant for the chairman of the Lotte Group conglomerate on suspicion of embezzlement and breach of trust, a prosecution source with direct knowledge of the matter said. The arrest warrant request comes after Lotte Chairman Shin Dong- bin, 61, was questioned by prosecutors in an...

  • TOKYO— Japanese Prime Minister Shinzo Abe pledged Monday to accelerate his mix of policies to prop up Japan's economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact. Abe reiterated that the global economy faces "major risks" such as uncertainty over Britain's exit from the European Union and the slowdown of...

  • Sept 26- Hong Kong stocks suffered their biggest single-day drop in two weeks on Monday as the market's recent rally showed signs of fatigue. The HSI has rallied around 12 percent so far in the third quarter, buoyed in large part by investments from mainland Chinese who are attracted by lower valuations in Hong Kong and are looking for ways to hedge the risk of...