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Wires

  • TOKYO, March 28- The dollar limped off multi-month lows against major peers on Tuesday, with much of the lift from the "Trump trade" now gone. The greenback had taken a beating as market participants saw the prospects for a U.S. fiscal spending boost from President Donald Trump significantly diminished by his failure to pass a key healthcare reform bill.

  • SAN FRANCISCO— Waze's traffic navigation app already shows ads prodding drivers to swing by fast-food joints like Dunkin' Donuts and Taco Bell. On Tuesday, the Google-owned app will start letting drivers purchase coffee and other items from Dunkin' Donuts for pickup along their way. If all goes well with the Dunkin' Donuts test, Waze plans to team up with other...

  • BEIJING— American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, one of the country's three major state-owned carriers, and expand commercial cooperation. China Southern Airlines said in an announcement Tuesday through the Hong Kong stock exchange the purchase will represent 2.76 percent of its shares.

  • BEIJING— American Airlines agrees to buy $200 million stake in China Southern Airlines, expand business cooperation.

  • *Spot silver may break resistance at $18.46/ oz- technicals. at 0238 GMT, after touching its highest in a month at $1,261.03 the day before. "The markets are now starting to settle down as concerns around the implications of the failed healthcare bill seem to have somewhat abated," said ANZ analyst Daniel Hynes.

  • HONG KONG, March 28- China's yuan weakened against the U.S. dollar on Tuesday after the greenback clawed back from multi-month lows, while borrowing costs in the interbank market remained elevated as liquidity tightened heading into the end of quarter. The People's Bank of China set the midpoint rate at 6.8782 per dollar prior to the market open, weaker than the...

  • HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...

  • HONG KONG/ SHANGHAI, March 28- China Southern Airlines Co Ltd said on Tuesday it would issue HK $1.55 billion worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier. In a filing to the Hong Kong stock exchange, China Southern said it would issue 270.61 million Hong Kong- listed H-shares, representing...

  • SEOUL, March 28- South Koreas family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The countrys four biggest chaebol groups account for around half the stock market's value,...

  • SINGAPORE, March 28- Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had gained 20 cents from their last close to $50.95...

  • SYDNEY, March 28- U.S. soybeans rose nearly 0.5 percent on Tuesday to move away from their lowest in more than five months as investors looked for bargains, but plentiful global supply kept a ceiling on gains. The most active soybean futures on the Chicago Board of Trade advanced 0.46 percent to $9.76 a bushel. Analysts polled by Reuters expected the USDA in the same...

  • SEOUL, March 28- Tech giant Samsung Electronics Co Ltd said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries. A subsequent probe found manufacturing problems in batteries supplied by two different companies- Samsung SDI Co Ltd and Amperex Technology...

  • WASHINGTON— Moving forward with a campaign pledge to unravel former President Barack Obama's sweeping plan to curb global warming, President Donald Trump will sign an executive order Tuesday that will suspend, rescind or flag for review more than a half-dozen measures in an effort to boost domestic energy production in the form of fossil fuels.

  • BEIJING, March 28- The Beijing- based Asian Infrastructure Investment Bank will provide Bangladesh loans worth $60 million to address the country's gas supply deficit, the AIIB said on Tuesday. The fund will be used to help Bangladesh's Natural Gas Infrastructure and Efficiency Improvement Project, as the lack of gas supply would "eventually impact...

  • TOKYO, March 28- Japan's Nikkei share average rebounded from more than a six-week low on Tuesday morning due to a pause in the yen's strong trend, with most sectors rose to positive territory. "Investors were overly risk off yesterday," said Hikaru Sato, a senior technical analyst at Daiwa Securities. He added that the market continues to focus on developments on U.S....

  • HONG KONG/ SHANGHAI, March 28- China Huishan Dairy Holdings Co Ltd on Tuesday said that it had fallen behind with some loan repayments but denied media reports that its chairman had misappropriated company funds or that the firm had issued forged invoices. The firm has previously come under attack from U.S.-based short-seller Muddy Waters.

  • SYDNEY, March 28- U.S. wheat edged up on Tuesday to move away from a near two-month low touched in the previous session, though forecasts for crop-friendly weather put a cap on gains. *The most active wheat futures on the Chicago Board of Trade rose 0.2 percent to $4.21-1/ 2 a bushel. *The most active soybean futures climbed 0.26 percent to $9.74 a bushel, having closed...

  • CARACAS, March 27- Venezuela next week will launch a new currency exchange mechanism to replace the DICOM rate, also known as SIMADI, President Nicolas Maduro said late on Monday in a televised speech as the OPEC nation suffers a deep economic crisis. "In a process of perfecting the system of collecting, administering and stabilizing the flow of hard currency in...

  • *Spot gold was mostly unchanged at $1,254.12 per ounce at 0102 GMT, after touching $1,261.03, the highest in a month, in the previous session. *Dallas Federal Reserve Bank President Robert Kaplan said on Monday that he will support further interest rate hikes if the U.S. economy continues to make progress towards its goals of full employment and 2- percent...

  • MEXICO CITY— The U.S. cruise ship line Holland America says it has halted port calls at Mexico's troubled resort city of Acapulco and will sail to other destinations in the country "due to recent security concerns." The Seattle- based Holland America says in a statement Monday that eight cruises which once stopped in Acapulco will instead go to other Mexican...