Wires

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year we are supposed to be getting draws," Tariq Zahir, oil trader at...

  • LONDON/ MILAN, Aug 24- European shares rose on Wednesday, helped by a buoyant banking sector, while a disappointing update from British miner Glencore dragged the mining sector lower. However... after the rally that it's seen, this report doesn't really warrant a leg higher in the share price, " Jonathan Roy, advisory investment manager at Charles Hanover Investments,...

  • Emerging market stocks retreated 1 percent, led by political risk-driven losses in South Africa and Turkey, while broader sentiment was dented by a revival of U.S. rate rise expectations. On a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in Britain- and beyond- from the shock vote in June to leave the...

  • BASE PRICE: $12,995 for ES with manual transmission; $14,195 for ES automatic; $14,795 for SE manual; $15,995 for SE automatic; $16,495 for GT. TYPE: Front-engine, front-wheel drive, five-passenger, subcompact hatchback. ENGINE: 1.2- liter, double overhead cam, inline, three cylinder with MIVEC.

  • Starting manufacturer's suggested retail price, including delivery charge, for a base 2017 Mirage ES with five-speed manual transmission is $13,830. For an ES with a continuously variable transmission that a driver operates like an automatic, it costs $15,030. Mitsubishi's lowest-priced vehicle, the Mirage comes with long-running warranty coverage that...

  • SAO PAULO, Aug 24- Nippon Steel and Sumitomo Metal Corp is working on a plan to split Usinas Siderúrgicas de Minas Gerais SA into two separate units, in a last ditch attempt to end a two-year battle with Techint Group for control of the Brazilian steelmaker, two people familiar with the matter said on Wednesday. Techint Group, the other controlling shareholder of...

  • NIPPON STEEL AND SUMITOMO METAL IN THE PROCESS OF HIRING FINANCIAL, LEGAL ADVISERS TO WORK ON POTENTIAL SPLIT OF BRAZIL'S USIMINAS, SOURCES SAY.

  • WASHINGTON— The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran. On Jan. 17, the administration paid Iran the account's $400 million principal in pallets of euros, Swiss francs and other foreign...

  • The actions, brought under an SEC initiative that encouraged municipal bond issuers to self-report certain violations, involved conduct that occurred between 2011 and 2014, the SEC said. All of the entities involved settled with the SEC without admitting or denying the SEC's findings, the agency said. The action covers a wide range of other issuers and...

  • BERLIN, Aug 24- Britain's vote to leave the European Union has spurred a surge in the number of financial service industry workers now based in the UK applying to work in Berlin's burgeoning fintech scene, several of the city's start-ups told Reuters. Employers say it is easier to lure bankers to Berlin than to get techies to move to Frankfurt, with potential...

  • LONDON, Aug 24- Copper prices fell to two-month lows on Wednesday as rising inventories in Asian warehouses fueled fears about weaker demand ahead in top consumer China. Stocks of copper in LME-approved warehouses have risen by a quarter, more than 50,000 tonnes, since Aug. 11 to 254,700 tonnes, with much of the build occurring in South Korea and Singapore.

  • drop@ SAO PAULO, Aug 24- Most Latin American stock markets tracked prices of commodities lower on Wednesday as traders remained on the sidelines ahead of U.S. Lower oil prices also pressured shares in Brazil's state-controlled oil company Petróleo Brasileiro SA as the country's benchmark Bovespa stock index slipped 0.2 percent. Stocks in Cesp Cia...

  • Aug 24- Ford Motor Co said on Wednesday it was recalling about 91,000 vehicles worldwide to replace faulty fuel-pump parts that could potentially cause a car to stall without warning. Ford said it would replace fuel-pump control modules in about 88,151 vehicles, including certain of its 2013-15 model year Ford Taurus sedans, Ford Flex crossover utility...

  • Aug 24- PharMerica Corp, a U.S. pharmacy manager for long-term care facilities, is exploring strategic alternatives including a potential sale, according to people familiar with the matter. The move comes five years after PharMerica received an unsolicited bid from rival Omnicare Inc, which subsequently backed off from a hostile takeover after the U.S....

  • LONDON, Aug 24- A powerful earthquake in Italy on Wednesday is unlikely to force UnipolSai's 200 million euro catastrophe bond into default as the bond has low exposure to the affected region, the Italian insurer said. The earthquake devastated a string of mountainous towns in central Italy, killing at least 73 people, trapping residents under piles of rubble...

  • Montana was omitted from the list, which also includes Alabama, Mississippi, Nevada, Wyoming, and Utah. The grisly death of a 10- year-old boy on a Kansas water slide and a Ferris wheel accident in Tennessee this summer have led to renewed demands for tighter inspection rules for amusement rides. The grisly death of a 10- year-old boy on a Kansas water slide and a...

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year that we are supposed to be getting draws," said Tariq Zahir, who...

  • Dakota Access also must to provide detailed information about the construction progress in Iowa, the board said, as well as more information about costs the company will incur if it's required to work around the landowner's parcels. The $3.8 billion pipeline, which will run 1,168 miles through Iowa, Illinois, North Dakota and South Dakota, has generated legal...

  • LONDON, Aug 24- Oil refiners reeling from tumbling profits can expect some reprieve in the coming weeks as lower production will tame a huge global excess of gasoline and diesel. Globally, maintenance is expected to be more significant, particularly in export hubs in the Middle East and Asia, taking off around 5 million bpd of capacity at the peak, roughly 7 percent...

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is squarely focused on Federal Reserve Chair Janet Yellen's speech at Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.