Wires

  • KINGSTON, Jamaica, Sept 30- Hurricane Matthew surged in power on Friday to become the Caribbean's strongest storm in nine years as it moved towards Jamaica and Cuba with winds of up to 160 miles per hour powerful enough to wreck houses, forecasters said. The strongest hurricane in the Atlantic Ocean since Felix in 2007 was forecast to make landfall as a major storm...

  • Oct 1- An experimental biotech drug developed by Johnson& Johnson proved more effective at clearing moderate to severe cases of the skin condition plaque psoriasis than a placebo or Abbvie Inc's big-selling Humira, according to data from a late stage study presented on Saturday. Andrew Blauvelt, lead researcher of the Phase III trial from the Oregon Medical...

  • HONG KONG, Oct 1- The world's biggest casino hub of Macau posted a better than expected 7.4 percent rise in gambling revenue in September, marking the second consecutive month of growth after more than two years of decline, as new resorts spur spending in the southern Chinese territory. A specially administered region of China, Macau is the only place in the...

  • *Looking at gas prices, costs before final decision- source. KUALA LUMPUR/ MILAN, Sept 30- Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas plant, three people familiar with the matter said this week. Petronas was given the go-ahead for the C $36 billion project by the Canadian...

  • ZURICH, Oct 1- Novartis's psoriasis drug Cosentyx showed long-term efficacy in keeping patients' skin clear, the Swiss drugmaker said on Saturday, citing a study it hopes will ultimately help the company to win business from rival medicines made by Amgen and Johnson& Johnson. Cosentyx's second-quarter sales hit $260 million from $30 million in the second...

  • KINGSTON, Jamaica, Sept 30- Hurricane Matthew surged in power on Friday to become the Caribbean's strongest storm in nine years as it moved towards Jamaica and Cuba with winds of up to 160 miles per hour powerful enough to wreck houses, forecasters said. Matthew was about 440 miles southeast of Kingston, Jamaica, and the U.S. National Hurricane Center designated it...

  • JAKARTA, Oct 1- The first phase of Indonesia's tax amnesty, which tens of thousands joined on the final days, collected 97.2 trillion rupiah in revenue to help cover the government's fiscal deficit, Finance Ministry data showed on Saturday. They declared assets worth a total of 3,620 trillion rupiah, with 137 trillion rupiah pledged to be repatriated to...

  • KUALA LUMPUR, Oct 1- Malaysian state oil firm Petroliam Nasional Bhd, or Petronas, said it "categorically denied" a Reuters report that it was considering selling its majority stake in a $27 billion Canadian liquefied natural gas project. Petronas is weighing several options for the project that was approved earlier this week by Canada, but had yet to take a final...

  • HOBOKEN, N.J.— Here's what is known about the investigation into a commuter train crash that killed one person and injured more than 100 others Thursday in Hoboken, New Jersey. The National Transportation Safety Board is gathering information about what caused the train to barrel through a station and crash into a barrier. Authorities want to know why the...

  • NEW YORK, Sept. 30- A federal jury in Texas on Friday night ordered Apple Inc to pay more than $302 million in damages for using VirnetX Holding Corp's patented internet security technology without permission in features including its FaceTime video conferencing application. The verdict came in a new trial in Tyler, Texas that had been ordered by the judge in the...

  • KINGSTON, Jamaica, Sept 30- Hurricane Matthew surged in power on Friday to become the Caribbean's first major hurricane in four years as it moved towards Jamaica and Cuba with winds of up to 160 miles per hour powerful enough to wreck houses, forecasters said. Matthew was about 440 miles southeast of Kingston, Jamaica, and the U.S. National Hurricane Center...

  • MEXICO CITY, Sept 30- Mexico's central bank chief said on Friday that a Donald Trump victory in the U.S. presidential election would hit Mexico like a hurricane. Carstens added that the scenario for Mexico was better with a Clinton win in the Nov. 8 presidential election. Trump has vowed he would build a wall on the border with Mexico and renegotiate or scrap the...

  • *Official Sept reading is 50.4, same as August. BEIJING, Oct 1- Activity in China's manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained. After a significant pick-up in March, China's official PMI slipped, falling below 50 in July before showing expansion in...

  • BEIJING, Oct 1- China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power. China will use this opportunity to further deepen economic reforms and open up the sector to promote global growth, the central bank added.

  • *Official Sept reading is 50.4, same as August. BEIJING, Oct 1- Activity in China's manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained. After a significant pick-up in March, China's official PMI slipped, falling below 50 in July before showing expansion in...

  • CHICAGO, Sept 30- S&P Global Ratings dropped Illinois' credit rating one notch to BBB on Friday and warned it could fall further absent a long-term solution that deals with the state's chronic structural budget deficit and pension woes. The impasse, along with a $111 billion unfunded pension liability and a growing pile of unpaid bills have pounded Illinois'...

  • SEOUL, Oct 1- South Korean exports in September fell, as expected, after posting the first rise in 20 months in August, as slightly fewer working days and a strike at the biggest automaker hit shipments, data showed on Saturday. Exports fell 5.9 percent on-year to $40.86 billion in September while imports slipped 2.3 percent to $33.76 billion, trade ministry data...

  • BERLIN, Sept 30- German Economy Minister Sigmar Gabriel heads to Iran next week with a planeful of industry executives keen to rebuild trade ties, but remaining U.S. sanctions and political concerns are holding back a hoped-for business boom. Tehran said there could be no precondition for Iran- Germany relations and that it rejected the interference of any...

  • BEIJING, Oct 1- Activity in China's services industry expanded in September at a slightly faster pace than the previous month, an official survey showed on Saturday. The official non-manufacturing Purchasing Managers' Index stood at 53.7 in September, compared to the previous month's reading of 53.5. China is counting on growth in services to offset...

  • BEIJING, Oct 1- Activity in China's manufacturing sector expanded slightly in September, an official survey showed on Saturday. The official Purchasing Managers' Index stood at 50.4 in September, identical with the previous month's 50.4 and above the 50- point mark that separates growth from contraction on a monthly basis. Analysts polled by Reuters had...