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Wires

  • WASHINGTON, July 27- U.S. lawmakers are expected to grill two of President Donald Trumps nominees for top banking oversight roles about their past lives as financiers at a joint hearing on Thursday. Randal Quarles, tapped to be vice chairman for supervision at the Federal Reserve, and Joseph Otting, the nominee to be Comptroller of the Currency, are expected to be...

  • The platform, called GS Select, will make loans of $75,000 to $25 million using borrowers' investment portfolios as collateral. To find customers, Goldman is partnering with Fidelity Investment's clearing and custody business, which caters to small brokerages and wealth management firms. Goldman is turning to third parties because as a Wall Street bank that...

  • SYDNEY, July 27- The head of Australia's biggest pension fund, AustralianSuper, expects state governments in the United States will cast aside parochial concerns and allow foreign funds to invest and fix up poor infrastructure there. Governments, including those in the United States and Australia, have been wary of foreign investment, frustrating plans by...

  • SINGAPORE, July 27- Oil prices were sitting just below 8- week highs on Thursday, buoyed by hopes that a steeper-than-expected decline in U.S. crude oil inventories will reduce global oversupply. Brent crude futures were down 6 cents, or 0.1 percent, at $50.91 a barrel at 0340 GMT, after rising about 1.5 percent in the previous session. West Texas Intermediate...

  • NEW YORK/ ATHENS/ MOSCOW, July 26- A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking. Alexander Vinnik was arrested in a small beachside village in northern Greece on Tuesday, according to...

  • *Anthony Scaramucci says "in light of leak of my financial disclosure", will be contacting FBI and Justice Department- tweet.

  • ANTHONY SCARAMUCCI SAYS "IN LIGHT OF LEAK OF MY FINANCIAL DISCLOSURE," WILL BE CONTACTING FBI AND JUSTICE DEPARTMENT- TWEET.

  • SEOUL, July 27- South Korea will on Friday downgrade its bird flu alert by one notch from the highest level, the government said. The Ministry of Agriculture, Food and Rural affairs on Thursday said in a statement that the risk from highly pathogenic bird flu had dropped, with no new cases reported since June 19. South Korea, Asia's fourth-largest economy, was hit hard...

  • CALGARY, Alberta _ Suncor Energy Inc. on Wednesday reported second-quarter net income of $323.3 million, after reporting a loss in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Suncor Energy shares have fallen almost 4 percent since the beginning of the year.

  • SEOUL, July 27- South Korea will on Friday downgrade its bird flu alert by one notch from the highest level, the government said. The Ministry of Agriculture, Food and Rural affairs on Thursday said in a statement that the risk from highly pathogenic bird flu had dropped, with no new cases reported since June 19. South Korea, Asia's fourth-largest economy, was hit hard...

  • SHANGHAI, July 27- Viral photos and news reports in the United States allegedly showing a mouldy ice cream maker at a U.S. outlet of McDonald's Corp have prompted swift action from the fast-food giant thousands of miles away: in China. The statement, which also appeared at the top of the burger chain's China website, underlines the sensitivity to potential food...

  • SHANGHAI, July 27- Viral photos and news reports in the United States allegedly showing a moldy ice cream maker at a U.S. outlet of McDonald's Corp have prompted swift action from the fast-food giant thousands of miles away: in China. The statement, which also appeared at the top of the burger chain's China website, underlines the sensitivity to potential food...

  • *Asia shares ex- Japan at highest since Dec 2007. SYDNEY, July 27- Stocks, bonds and commodities were all on a roll in Asia on Thursday, as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer than some had expected. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.9...

  • SYDNEY, July 27- U.S. wheat rose 1 percent on Thursday to rebound from a near one-month low touched in the previous session, with a widely watched crop tour showing extensive damage to yields from recent hot, dry weather. The most active wheat futures on the Chicago Board of Trade had climbed 1.2 percent to $4.83-1/ 2 a bushel by 0248 GMT. The Wheat Quality Council tour...

  • *Record closes on Wall Street underpin sentiment. TOKYO, July 27- Japan's Nikkei share average inched up in choppy trade on Thursday morning, underpinned by record U.S. closing highs after the Federal Reserve signalled some concern about slow inflation, while Nintendo soared after its profit beat market expectations. U.S. long-term yields are expected to be on...

  • BEIJING, July 27- Earnings for China's industrial firms surged 19.1 percent in June from a year earlier, accelerating from May in a sign economic momentum remains solid even as rising borrowing costs have raised concerns about pressure on margins. Profits in June rose to 727.78 billion yuan, the National Bureau of Statistics said on its website on Thursday.

  • PYONGYANG, North Korea— North Korea has suddenly canceled a popular monthlong beer festival, but people won't be going thirsty in a country where brews are cheap and carry the ruling family's seal of approval. Last year's inaugural festival along the Taedong River was a surprise hit with tourists and Pyongyang residents alike. But beer at a stand-up bar on...

  • MELBOURNE, July 27- London copper on Thursday hovered near two-year highs touched in the previous session, supported by a weaker dollar and the potential for tighter scrap supply into China. *LONDON COPPER: London Metal Exchange copper had edged up 0.2 percent to $6,340 a tonne by 0207 GMT. *CHINA SCRAP METAL: China may ban imports of some scrap metal, including...

  • TOKYO, July 27- Japan will raise tariffs on frozen beef imports from the United States and some other countries to protect domestic producers against a surge in imports, local media reported on Thursday. President Donald Trump is trying to expand exports of U.S. products to Japan. Nations that have EPAs with Japan, such as Australia, Mexico and Chile, will be...

  • MEXICO CITY, July 26- America Movil, the telecommunications company of Mexican tycoon Carlos Slim, and Movistar, the Colombian unit of Spain's Telefonica SA, may not have to pay any compensation while legal action in Colombia is under review, a government minister said on Wednesday. Shares of America Movil closed down 0.32 percent and Telefonica shares closed up...