Wires

  • *Massmart posted diluted headline earnings per share before forex for 26 weeks to June 26 of 145.8 cents, up from 124.2 cents. *Sales for 26 weeks to June 26 rose 8.7 percent to 42.31 billion rand. *Massmart plans to open five new stores in the rest of Africa in the next two years, expanding in Ghana, Mozambique, Nigeria and Zambia.

  • NEW YORK— Shares wavered in thin but volatile trading in Asia on Thursday, following a bleak day on Wall Street led by declines in health-care stocks as outrage mounts over steep price hikes for Mylan's EpiPens. Investors are awaiting a speech by Federal Reserve chair Janet Yellen's on Friday. KEEPING SCORE: Japan's Nikkei 225 index fell 0.3 percent to 16,555.95...

  • TOKYO, Aug 25- Japanese stocks edged down in thin trade on Thursday due to caution ahead of a speech by Federal Reserve Chair Janet Yellen on Friday, with global markets hoping for clues on the outlook for U.S. rates. The benchmark Nikkei shed 0.3 percent to 16,555.95. The broader Topix dropped 0.2 percent to 1,304.27, with 1.349 billion shares changing hands,...

  • TEHRAN, Iran— The whirling hum of a dialysis machine could have been the soundtrack to the rest of Zahra Hajikarimi's life but for an unusual program in Iran that allows people to buy a kidney from a living donor. Iran's kidney program stands apart from other organ donation systems around the world by openly allowing payments, typically of several thousand...

  • *MSCI Asia-Pacific index up 0.2 pct, Taiwan gains. HONG KONG, Aug 25- Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. Japan's Nikkei was down 0.3 percent, pressured by losses on Wall...

  • *Letter marks escalation in long-running feud with India. NEW DELHI, Aug 25- Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker. A letter sent by Monsanto's local partner in India, the...

  • LAUNCESTON, Australia, Aug 25- Is nickel's current rally sustainable or is the metal merely having a strong run because market participants are more focused on the environmental crackdown in top ore miner the Philippines, rather than on the surge in Indonesian ferronickel exports? China imported 3.163 million tonnes of nickel ore and concentrates from the...

  • The shortage of cotton from Egypt, which commands a premium due to its superior quality, creates an incentive to blend it with other types of cotton without disclosing it or to counterfeit the label altogether, cotton traders said, exacerbating a problem that has plagued the industry for years. While other countries including the United States and Australia...

  • TOKYO, Aug 25- The dollar was range-bound in illiquid Asian trade on Thursday as major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy. Fed officials including Vice Chairman Stanley Fischer and New York Fed...

  • TOKYO, Aug 25- Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction. September 10- year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.

  • *HK-> Shanghai Connect daily quota used 2 pct, Shanghai-> HK daily quota used 6.8 pct. BEIJING, Aug 25- China stocks looked set for their worst day in a month on Thursday as investors dumped property shares and banks came under pressure ahead of earnings reports and a crackdown on riskier lending practices in the financial sector. The CSI300 index, which tracks the...

  • SHANGHAI, Aug 25- China should tighten its supervision of the micro-finance industry to guard against risks to financial stability, Chinese news outlet Caixin reported China central bank vice governor Chen Yulu saying at a Beijing conference on Thursday. Chen's comments come after the country's banking regulator on Wednesday released detailed rules to...

  • JACKSON HOLE, Wyoming, Aug 25- While markets wait for Janet Yellen's latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed's other four Washington- based governors...

  • TOKYO/ BENGALURU, Aug 25- A majority of economists expects the Bank of Japan will ease policy further next month, a Reuters poll found, while many respondents suspect a change in its inflation target terminology is likely. BOJ Governor Haruhiko Kuroda was quoted on Saturday saying that negative interest rate policy had not reached its limits and the central bank...

  • WASHINGTON, Aug 25- Wells Fargo, Advanced Micro Devices and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws. A SEC spokeswoman declined to comment. Since 2015, the SEC has brought four cases targeting specific types of so-called...

  • *Spot gold might test $1,308- technicals. Aug 25- Gold on Thursday held slightly above a four-week low touched in the previous session as the dollar lost some strength ahead of a speech by Federal Reserve Chair Janet Yellen that may yield clues on U.S. interest rate policy. Spot gold was up 0.2 percent at $1,325.50 an ounce at 0348 GMT.

  • *Honda starts orders for NSX in Japan after U.S. launch. TOKYO, Aug 25- With its aggressive design and six-figure price tag, Honda Motor Co's revamped NSX is a far cry from its "cheap and cheerful" Civic sedans, but the automaker is betting the sportscar launched in Japan on Thursday will turbo-charge its brand image. Starting at 23.7 million yen, the bespoke hybrid...

  • SINGAPORE, Aug 25- Crude prices dipped on Thursday as brimming U.S. and Asian fuel inventories returned investor attention to a large global supply overhang, cutting short a price-rally and restricting Brent crude futures to below the $50 a barrel mark. "Brent also came under pressure after Iraq said it still isn't producing as much oil as it should be, raising...

  • SHANGHAI, Aug 25- China's yuan firmed on Thursday, underpinned by a modest pullback in the dollar index in Asian morning trade though activity remained subdued. Trading was cautious ahead of the global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen's speech on Friday may offer fresh clues on U.S. monetary policy...

  • AMATRICE, Italy— Rescue crews using bulldozers and their bare hands raced to dig out survivors Thursday from a strong earthquake that reduced three central Italian towns to rubble. The magnitude 6.2 quake struck at 3:36 a.m. on Wednesday and was felt across a broad swath of central Italy, including Rome, where residents woke to a long swaying followed by...