Wires

  • *Without changes, Ireland could be cut from QE in Jan. LONDON, Dec 8- Euro zone government bond yields crept higher as investors waited to see whether the European Central Bank would meet their high expectations for fresh stimulus at its final meeting of the year on Thursday. "Draghi is facing a serious challenge though as market expectations for an extension of the...

  • Dec 8- Hong Kong stocks rose for the third straight session on Thursday, drawing some support from Wall Street although demand was tempered by weakness in mainland shares after China's falling foreign exchange reserves deepened capital outflow concerns. Wall Street surged overnight, with the Dow Industrials and S&P 500 both hitting fresh records, extending...

  • WASHINGTON— President-elect Donald Trump is expected to nominate Oklahoma Attorney General Scott Pruitt to lead the Environmental Protection Agency, a source close to Pruitt said Wednesday. Pruitt, a 48- year-old Republican, has been a reliable booster of the fossil fuel industry and an outspoken critic of what he derides as the EPA's "activist agenda."

  • SEOUL/ SINGAPORE, Dec 8- Oil prices erased early gains to trade almost flat in Asian session on Thursday on mixed U.S. crude stocks data and doubts over OPEC's implementation of an output cut, although a weaker dollar aided sentiment. International Brent crude futures were trading up 2 cents at $53.02 a barrel at 0807 GMT. U.S. benchmark West Texas Intermediate...

  • WASHINGTON— The U.S. surgeon general is calling e-cigarettes an emerging public health threat to the nation's youth. In a report being released Thursday, Surgeon General Vivek Murthy acknowledged a need for more research into the health effects of "vaping," but said e-cigarettes aren't harmless and too many teens are using them. "My concern is e-cigarettes have...

  • Dec 8- British outsourcer Capita said it would sell a raft of assets in a bid to protect its balance sheet after client indecision following Brexit prompted it to cut its profit forecast for the second time in three months. The group said it expected 2016 underlying profit before tax to be at least 515 million pounds, compared with a forecast made in September of...

  • TOKYO— Japan's economy grew 1.3 percent in July to September from a year earlier, according to revised data reflecting weaker business investment and exports. It was the third-straight quarter of expansion, but well below forecasts by most economists of an upward revision. Japan has yet to attain the strong momentum Prime Minister Shinzo Abe has been...

  • CAPITA CUTS 2016 PROFIT FORECAST, TO SELL ASSETS@. Dec 8- British outsourcer Capita said it planned to sell a raft of assets in a bid to protect its balance sheet after client indecision following Brexit prompted it to cut its profit forecast again. Capita said it would sell the majority of its Capita Asset Services division and a number of other businesses.

  • *Q3 GDP revised to annualized +1.3 pct vs prelim +2.2 pct. TOKYO, Dec 8- Japan's economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories- renewing concerns about Japan's growth prospects. "Capex and consumer spending are the twin engines of domestic demand, and...

  • BEIJING, Dec 8- China's imports of commodities surged unexpectedly last month putting the world's second-largest economy on track to set records for shipments of iron ore, coal and soybeans even as concerns linger about slowing economic growth. "The rise in copper imports reflected in part a rise in Shanghai Futures Exchange inventories and stronger demand...

  • LONDON, Dec 8- TUI Group, Europe's largest travel company, posted core earnings growth of 12.5 percent in its 2015/ 2016 financial year, in line with a forecast, and said it was extending by a year an existing profit target. TUI said that at constant currency rates, core underlying profit came in at 1.030 billion euros in the 12 months ended Sept. 30, up 12.5 percent...

  • SEOUL/ SINGAPORE, Dec 8- Oil prices gave up some early gains to turn lower in Asian trade on Thursday on mixed U.S. crude stocks data and doubts over OPEC's implementation of an output cut, although a weaker dollar put a floor under prices. International Brent crude futures were trading down 16 cents at $52.84 a barrel at 0659 GMT from their last close.

  • NEW DELHI, Dec 8- India has scrapped its 10 percent import duty on wheat, Finance Minister Arun Jaitley told parliament on Thursday, amid fears of a shortage of the staple after droughts in 2014 and 2015 depleted stocks. Private importers have already purchased about 500,000 tonnes of wheat, largely from Australia, in the past month after the world's...

  • President-elect Donald Trump is visiting Moscow to meet businessmen and politicians. RIA Novosti on Thursday quoted Carter Page, one of Trump's foreign policy advisers during his election campaign, as saying that he has arrived in Moscow and will stay through Tuesday for talks with "influential businessmen and opinion leaders." Page previously visited...

  • TOKYO, Dec 8- Japan's ruling coalition approved a plan on Thursday to increase a tax credit for married couples to encourage spouses who work part-time to increase their hours, hoping to relieve chronic labor shortages in some sectors. The plan, part of Prime Minister Shinzo Abe's labor reform drive, lets primary earners claim a tax deduction of 380,000 yen if...

  • SHANGHAI, Dec 8- China stocks fell slightly on Thursday, as investors grappled with mixed data showing better-than-expected November trade numbers but a sharp fall in foreign-exchange reserves. China's November exports rose by 0.1 percent from a year earlier, while imports expanded 6.7 percent on strong demand for commodities from coal to iron ore.

  • LAUNCESTON, Australia, Dec 8- China has thrown the world's commodity producers and traders a massive party in the last few months, as evidenced by robust figures for November's imports of crude oil, iron ore and coal among others. China imports of iron ore jumped to the third highest on record, with November's 91.98 million tonnes up 13.8 percent from the previous...

  • TOKYO, Dec 8- Japan's Nikkei share average closed at the highest level since last December on Thursday as upbeat Chinese trade data boosted sentiment, while Tepco shares soared on news Japan will increase an interest-free loan related to its Fukushima costs. Risk appetite got a boost after China reported upbeat trade figures with exports and imports both...

  • MOSCOW, Dec 8- Carter Page, previously described as a foreign-policy adviser to U.S. president-elect Donald Trump, has arrived in Moscow to meet with businessmen and politicians, RIA News agency reported on Thursday.

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...