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Wires

  • 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...

  • SINGAPORE, July 27- Oil prices dipped on Thursday after three days of gains, but were sitting just below 8- week highs on hopes that a steeper-than-expected decline in U.S. crude oil inventories will reduce a global oversupply. Brent crude futures were down 15 cents or 0.3 percent at $50.82 a barrel at 0150 GMT, after rising about 1.5 percent in the previous session.

  • WAUWATOSA, Wis. _ Waterstone Financial Inc. on Wednesday reported second-quarter net income of $8.9 million. On a per-share basis, the Wauwatosa, Wisconsin- based company said it had net income of 32 cents. Keywords: Waterstone Financial, Earnings Report.

  • COLUMBUS, Ohio _ WP Glimcher Inc. on Wednesday reported a key measure of profitability in its second quarter. The Columbus, Ohio- based real estate investment trust said it had funds from operations of $89.4 million, or 40 cents per share, in the period. For the current quarter ending in October, WP Glimcher expects its per-share funds from operations to range from...

  • July 26- Facebook Inc's mobile advertising business grew by more than 50 percent in the second quarter, the company said in its earnings report on Wednesday, as the social network continued to establish itself as the venue of choice for an ever-growing array of online advertisers. Shares in Facebook, owner of four of the most popular mobile services in the world,...

  • BEIJING, July 27- Profits earned by China's industrial companies in June rose 19.1 percent from a year earlier, the statistics bureau said on Thursday, quickening from the previous month. Total profits in June rose to 727.78 billion yuan, the National Bureau of Statistics said on its website. The data covers large companies with annual revenue of more than 20...

  • *The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $4.80-1/ 4 a bushel by 0110 GMT, having closed up 0.8 percent on Wednesday when prices touched a near one-month low of $4.73 a bushel. *The most active corn futures were also little changed at $3.86-1/ 4 a bushel, having gained 1 percent in the previous session after prices had earlier hit a...

  • BENTON HARBOR, Mich. _ Whirlpool Corp. on Wednesday reported second-quarter net income of $189 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share. Three analysts surveyed by Zacks expected $5.36 billion.

  • SHANGHAI, July 27- China's central bank set the yuan midpoint at 6.7307 per dollar on Thursday, the strongest level since Oct. 18 2016, reflecting the dollar's broad weakness in global markets. Thursday's official guidance was 222 pips or 0.33 percent firmer than previous fix at 6.7529 per dollar. The move in the guidance was the biggest one-day strengthening in...

  • SAN FRANCISCO, July 26- Software startup Slack Technologies Inc is raising $250 million in a new funding round, according to people familiar with the matter, boosting the company's valuation as Silicon Valley companies enjoy a surge in venture capital investments. SoftBank has been heavily investing in startups, and it recently launched a $93 billion Vision...

  • BEIJING, July 27- Baidu Inc said on Friday that it has entered a strategic agreement with PayPal Holdings Inc to tap overseas merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The deal comes as China's top payment firms, Alibaba Group Holding Ltd affiliate Ant Financial and Tencent Holdings Ltd, are making aggressive...

  • SEOUL, July 27- Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The company on Thursday also announced its third share buyback of the year, at 1.7 trillion won worth of common shares, as part of the 9.3 trillion won annual...

  • WASHINGTON, July 26- A Russian national suspected of being the mastermind behind a crypto-currency exchange has been indicted by a grand jury in California on money laundering charges, the U.S. Justice Department said on Wednesday. Alexander Vinnik, who was arrested in Greece on Tuesday, allegedly operated the BTC-e virtual currency exchange and used it to...

  • *Russia warns of retaliation, damage to U.S.- Russia ties. WASHINGTON/ MOSCOW/ BRUSSELS, July 26- U.S. lawmakers reached an agreement on Wednesday paving the way for the U.S. Senate to pass a bill as soon as this week to impose new sanctions on Russia and bar President Donald Trump from easing sanctions on Moscow without Congress' approval. Earlier on Wednesday, Russia...

  • COLUMBUS, Ohio— A swinging and spinning amusement park ride called the Fire Ball malfunctioned and broke apart on the opening day of the Ohio State fair on Wednesday, hurling people through the air, killing at least one and injuring seven others. Five of the injured were in critical condition and the other two were in stable condition at area hospitals, Columbus...

  • *Spot gold was nearly unchanged at $1,261.31 per ounce at 0049 GMT. *Republican U.S. Senate leaders, struggling to keep a seven-year-old promise to end Obamacare, turned their focus on Wednesday to passing a slimmed-down "skinny" repeal measure that would throw the issue into negotiations with the House of Representatives. *Russia warned it was edging closer to...

  • LONDON, July 27- China's appetite for imports of refined industrial metals was generally subdued in the first half of the year. The stand-out exception was lead, which saw concentrate imports slide and China flip from net exporter to net importer of lead in refined metal form. China's net imports of refined lead totalled 50,300 tonnes in the first half of 2017-...

  • DALLAS _ United States Lime& Minerals Inc. on Wednesday reported second-quarter earnings of $5.3 million. The Dallas- based company said it had net income of 94 cents per share. Keywords: United States Lime& Minerals, Earnings Report.

  • SOUDERTON, Pa. _ Univest Corp. of Pennsylvania on Wednesday reported second-quarter net income of $11.8 million. The bank, based in Souderton, Pennsylvania, said it had earnings of 44 cents per share. The holding company for Univest Bank and Trust Co. posted revenue of $56 million in the period.