Wires

  • *Lotte Group Vice Chairman Lee In-won has died- Lotte Group. SEOUL, Aug 26- A senior executive of South Korea's Lotte Group has died, the country's fifth-largest family-run conglomerate said on Friday, amid a sweeping criminal probe into the business. Lotte Group, in a text message to reporters, said it confirmed the death of Vice Chairman Lee In-won through police...

  • MELBOURNE, Aug 26- London copper was stuck near two-month lows on Friday ahead of an annual gathering of central bankers in the United States and was facing its biggest weekly drop in seven weeks as global stocks jump, while nickel has seen a sharp weekly decline as fears fade over Philippine supply. *London Metal Exchange copper had edged up 0.1 percent to $4,632 a...

  • SINGAPORE, Aug 26- Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. International benchmark Brent crude oil prices were trading at $49.55 per barrel at 0114 GMT, down 12 cents from their previous close. Members of the Organization of...

  • Aug 26- Gold held steady early on Friday after hitting four-week lows in the previous session when the dollar slipped ahead of a speech by Federal Reserve Chair Janet Yellen that will be closely watched for clues on U.S. interest rate policy. *Spot gold edged higher 0.1 percent at $1,323 an ounce at 0059 GMT. *Market players are hoping Yellen will give a clearer...

  • MEXICO CITY, Aug 25- Mexican construction firm ICA reported on Thursday a much wider loss in the second quarter compared with the year-earlier period, as revenue was nearly halved and financial costs rose. The company, which has not posted a profit since 2013 and has defaulted on multimillion-dollar debt payments, lost 3.36 billion pesos in the April-June...

  • JACKSON HOLE, Wyo., Aug 25- An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from eventually overheating. "It's not about trying to stop the economy from growing," San Francisco Fed President John Williams told about 100 labor activists from the...

  • SEOUL, Aug 26- A senior executive of South Korea's Lotte Group has died, an official at the country's fifth-largest family-run conglomerate told Reuters on Friday, amid a sweeping criminal probe into the business. The official, who declined to be named as he was not authorized to speak publicly on the matter, said a police investigation into the death of Lee In-won,...

  • The Holland Sentinel reported Thursday that the Kraft Heinz Co. plant in the western Michigan city of Holland is expected to be the home of all Grey Poupon production in about a month. The moves come amid a $17.2 million investment in the longtime Holland plant and addition of 50 employees. The company, based in Chicago and Pittsburgh, was formed from the merger of...

  • *Japan price data keeps pressure on BOJ to muster more stimulus. TOKYO, Aug 26- The dollar remained on tenterhooks on Friday, ahead of Federal Reserve Chair Janet Yellen's highly anticipated speech later in the session that some believe could provide clarity on whether U.S. interest rates are headed higher this year. Yellen will deliver the keynote speech at a...

  • JACKSON HOLE, Wyo., Aug 25- An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from overheating. "It's not about trying to stop the economy from growing," San Francisco Fed President John Williams told about 100 members of the Fed Up coalition of...

  • *Oil shored up amid U.S.- Iran military tensions in the Gulf. TOKYO, Aug 26- Caution ahead of a speech by Federal Reserve Chair Janet Yellen's speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 percent.

  • Aug 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 August Italy Zero-coupon/BTPi auction 29 August Italy Bills auction 29 August France Auction of BTF treasury notes 30 August Italy Medium long-term auction 30 August Belgium Auction of...

  • SATURDAY, AUGUST 27 SEOUL- South Korea finance minister Yoo Il-ho meets his Japanese counterpart Taro Aso- 0730 GMT. BISHKEK- National Bank of the Kyrgyz Republic interest rate decision. BRASILIA- Central Bank of Brazil holds Monetary Policy Committee Meeting.

  • NEW YORK, Aug 25- A Texas jury said on Thursday a General Motors Co ignition switch, linked to nearly 400 injuries and deaths, was not to blame for a fatal 2011 crash, according to a company statement. The verdict in Harris County, Texas, was the second in favor of GM this year in lawsuits over the now recalled ignition switch. Plaintiff Zachary Stevens alleged that a...

  • FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy Toolkit" before the Federal Reserve Bank of Kansas City Economic Symposium, "Designing Resilient Monetary Policy Frameworks for the Future"- 1400 GMT. PAUL, United States- Federal Reserve Bank of Minneapolis President Neel...

  • *Tokyo Aug core CPI -0.4 pct vs f'cast -0.3 pct. TOKYO, Aug 26- Japan's core consumer prices fell for a fifth straight month and marked the biggest annual drop in more than three years in July, government data showed on Friday, keeping the central bank under pressure to expand an already massive stimulus program. Core consumer prices in Tokyo, available a month before...

  • TOKYO, Aug 26- Japan's core consumer prices fell 0.5 percent in July from a year earlier, government data showed on Friday. The so-called core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, rose 0.3 percent in the year to July. Core consumer prices in Tokyo, available a month before the...

  • Instead of clicking, he forwarded the message to researchers at the University of Toronto's Citizen Lab. Experts at Citizen Lab worked with security company Lookout and determined that the link would have installed a program taking advantage of a three flaws that Apple and others were not aware of. "Once infected, Mansoor's phone would have become a digital spy...

  • JACKSON HOLE, Wyo., Aug 25- Top Federal Reserve officials on Thursday defended their view that the U.S. central bank should probably raise interest rates soon, saying that they still intended to keep the economy running fast enough to boost employment and inflation. The Fed plans to "run the economy hot," San Francisco Fed President John Williams told about 100...

  • LONDON, Aug 26- British consumers have regained some of the confidence they lost after the Brexit vote in June, according to a survey published on Friday, the latest sign that households are largely taking the decision to leave the European Union in their stride. "This month's improvement in consumer confidence follows positive news from other areas of the...