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Wires

  • SHANGHAI, Feb 23- China's main stock indexes snapped a three-session winning streak to end lower on Thursday, as expectations of new asset management rules and property taxes weighed on the market. China's central bank and other financial regulatory bodies are creating a universal framework for the oversight of the asset management industry, Chen Wenhui, the...

  • SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. South Korea has worried that its exports are at risk from U.S. President Donald Trump's threatened trade...

  • *To close non-core unit 6 months early, in june. *2016 group pretax profit 3.2 bln stg. *2016 cet 1 ratio at 12.4 percent.

  • BERLIN, Feb 23- The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising private consumption and construction more than offset a drag from net foreign trade, data showed on Thursday. German authorities are spending billions of euros on accommodating and integrating more than one million...

  • BANGKOK— Activists are asking a major corporate investor in Myanmar to speak out against the country's treatment of its Rohingya minority. An advocacy group, known as# WeAreAllRohingyaNow, sent an open letter this week to food and hygiene conglomerate Unilever, which owns two factories near Yangon, the largest city in the country. They're asking Unilever to...

  • BEIJING/ SINGAPORE, Feb 23- Delays in corn shipments from the United States have offered China a chance to showcase its grain to major Asian buyers like Japan and South Korea, raising the prospect of a new player in global grain markets. One deal is close and talks have begun on two more, sources said, with China benefiting from its close proximity to big Asian...

  • *LME gold, silver contracts to launch on June 5. LONDON, Feb 23- The London Metal Exchange has reached a 50:50 revenue-sharing deal with a company founded by a group of banks to promote trade in its new gold futures contracts, sources said, aiming to overcome market skepticism surrounding their launch in June. But in this case, the LME has opted for a radical departure...

  • *Asia ex- Japan, Nikkei little changed after mixed Wall Street. European markets were headed for a mixed start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 to open 0.3 percent lower, and Germany's DAX and France's CAC 40 to start the day slightly higher. MSCI's broadest index of Asia-Pacific shares outside Japan was unchanged, hovering...

  • PARIS, Feb 23- AXA, France's biggest insurer, reported a 4 percent increase in underlying earnings per share, at the lower range of its targets, helped by tariff hikes in property insurance coverage and a recovery in life and savings business. The targets were presented earlier in 2016 by the new chief executive Thomas Buberl, who replaced Henri de Castries after 17...

  • PARIS, Feb 23- French telecoms group Orange reported a 1.3 percent increase of its yearly core operating profit on Thursday, helped by a strong sales momentum in Spain and a reduction in labour expenses. Orange's adjusted earnings before interest, tax, debt and amortisation rose to 12.68 billion euros in 2016, from 12.52 billion euros a year earlier on a...

  • TOKYO, Feb 23- Japanese stocks ended marginally lower on Thursday as financials weakened after U.S. yields fell on the cautious tone struck in minutes of the latest Federal Reserve monetary policy meeting. The Nikkei ended down 0.04 percent to 19,371.46, while the broader Topix dropped 0.1 percent to 1,556.25. The Mothers market added 1.3 percent to 1,046.96,...

  • PEORIA, Ill.— Peoria Mayor Jim Ardis planned to open this year's State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring "We wouldn't be Peoria without Caterpillar." It's been that way for decades in Peoria and in other company towns across the United States. Caterpillar's recent decision to move...

  • *Raising yield target won't be easy- Kiuchi. *Warns BOJ's policy may be reaching deadlock. KOFU, Japan, Feb 23- Dissenting Bank of Japan board member Takahide Kiuchi warned that raising the bank's bond yield target near-term would be problematic as inflation remains well below its 2 percent goal.

  • TOKYO, Feb 23- Japanese stocks ended marginally lower on Thursday as financials weakened after U.S. yields fell on the cautious tone struck in minutes of the latest Federal Reserve monetary policy meeting. The Nikkei ended down 0.04 percent to 19,371.46, while the broader Topix dropped 0.1 percent to 1,556.25. The Jasdaq market rose 0.4 percent to a record high...

  • TOKYO— Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as chairman. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which Nissan took a...

  • PARIS, Feb 23- AXA, France's biggest insurer, posted a 4 percent increase in 2016 net income, as stronger earnings from property insurance coverage and a recovery in its life and savings business helped to offset weakness in asset management. Net income rose to 5.83 billion euros in 2016, compared with 5.62 billion in the same period last year, AXA said on Thursday.

  • HONG KONG— Asian shares slipped Thursday after the latest Fed minutes raised the possibility that a U.S. rate hike could come sooner than expected. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.3 percent to 19,315.11 and South Korea's Kospi was flat at 2,106.22. Hong Kong's Hang Seng shed 0.3 percent to 24,117.18 and the Shanghai Composite index in...

  • CANNON BALL, N.D.— Public officials in North Dakota pleaded with the remaining protesters at the Dakota Access oil pipeline camp to pack up and leave so authorities can resume cleaning up the premises without any further arrests. John Henderson said the cleanup could take about a month and cost as much as $1.2 million, which ultimately would be paid by taxpayers.

  • SAN FRANCISCO, Feb 23- When Apple Inc launches its much-anticipated 10th anniversary iPhone this fall, it will offer an unwitting lesson in how much the smartphone industry it pioneered has matured. The new iPhone is expected to include new features such as high-resolution displays, wireless charging and 3- D sensors. Timothy Arcuri, an analyst at Cowen& Co,...

  • The U.S. government on Tuesday said it would seek to deport many illegal immigrants to Mexico if they entered the United States from there, regardless of their nationality, prompting a fiery response from Mexican officials. The stakes are high for the United States, since Mexico has warned that a breakdown in relations could affect its extensive cooperation on...