×

Wires

  • TOKYO, May 29- Tokyo stocks were flat in choppy trade on Monday as investors waited for key U.S. economic indicators out this week, including employment data, to provide clues on how soon U.S. interest rates might rise. Trade was subdued with U.S. and other markets closed for national holidays. The Nikkei share average ended flat at 19,682.57, after moving into and out...

  • May 29- Asian currencies paled against a stronger U.S. dollar on Monday, with markets little fazed by a ballistic missile test by North Korea, but trading was subdued as key financial markets were closed. The U.S. economy slowed less than initially thought in the first quarter, with gross domestic product increasing at a 1.2 percent annual rate, the Commerce...

  • JOHANNESBURG, May 29- South African fast food group Famous Brands scrapped its dividend on Monday for the first time in 13 years, seeking to conserve capital after debt levels rose following seven acquisitions, which include Gourmet Burger Kitchen. "It is anticipated that, subject to future acquisitions and operating requirements, payment of dividends will...

  • *S&P's rating on China one notch above Moody's, Fitch. *Financial instability in China not expected in near future- S&P. BEIJING, May 29- Standard& Poor's is likely to follow its regular ratings review schedule for China, and does not see any basis at this point for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday.

  • TOKYO, May 29- Asian stocks handed back earlier modest gains and drifted lower on Monday, running short of incentives to push past two-year highs with many key markets closed for holidays. The pound, meanwhile, nursed losses after a poll showed a shrinking lead for Prime Minister Theresa May's party in Britain's upcoming elections. MSCI's broadest index of...

  • *China property groups jump on strong demand in smaller cities. *Hong Kong property firms up despite higher mortgage rates. HONG KONG, May 29- Hong Kong stocks edged up on Monday, when China markets were closed, as investors accumulated laggards and mainland property shares stayed solid on anticipation of strong home demand in smaller cities.

  • BEIJING, May 29- Standard& Poor's is likely to follow its regular ratings review schedule for China, and does not see any basis at this point in time for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday. S&P has an AA- rating on China with a negative outlook that it has maintained since March last year.

  • S&P EXEC SAYS ALL MAJOR AGENCIES HAVE HIGH RATINGS ON CHINA, NOBODY EXPECTS INSTABILITY IN NEAR FUTURE.

  • S&P EXECUTIVE SAYS LIKELY TO FOLLOW REGULAR REVIEW PATTERN FOR CHINA, DOESN'T SEE ANYTHING TO JUSTIFY OUT-OF-SCHEDULE REVIEW MEETING.

  • *Investors shrug off North Korea's latest missile launch. TOKYO, May 29- The dollar edged higher against a basket of currencies on Monday, moving away from last week's 6-1/ 2- month lows and shrugging off news of North Korea's latest missile test as investor attention turned to the Federal Reserve's expected interest rate hike next month. San Francisco Federal...

  • Some of the lowest fares on popular routes are coming from United Airlines, which is trying to regain passengers lost to rivals in recent years and to overcome the image, replayed over and over on the news, of a passenger being brutally dragged off a United Express plane. For example, he said, United recently offered $79 roundtrip tickets for Chicago- Los Angeles and...

  • TOKYO, May 29- Tokyo stocks edged up in choppy trade on Monday morning as investors waited for clues to when U.S. interest rates will next rise from key U.S. economic data, including jobs figures, to be released later this week. Markets showed little reaction after North Korea fired what appeared to be a short-range ballistic missile early on Monday.

  • *Deal to extend OPEC- led production cut failed to impress market. SINGAPORE, May 29- Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC- led push to tighten supply. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed last week to extend a pledge to cut production by around 1.8 million barrels per...

  • TOKYO, May 29- Asian stocks edged up on Monday, taking cues from Wall Street shares hovering around record highs, while the pound nursed losses after a poll showed a shrinking lead for Prime Minister Theresa May's party in Britain's upcoming elections. MSCI's broadest index of Asia-Pacific shares outside Japan was a touch higher. Japan's Nikkei edged up 0.2...

  • HONG KONG— Stock markets in Asia were subdued in holiday-thinned trading Monday as investors hunkered down ahead of a raft of economic data later this week that will provide fresh insight into the world economy. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.2 percent to 19,726.55 and South Korea's Kospi added 0.5 percent to 2,367.89.

  • SINGAPORE, May 29- Oil prices remained weak on Monday as a relentless rise in U.S. drilling undermined an OPEC- led push to tighten supply. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed last week to extend a pledge to cut production by around 1.8 million barrels per day until the end of the first quarter of 2018.

  • *Firm considering adding capacity in Xi'an. *Samsung makes 3 D NAND chips in Xi'an. Samsung, the world's No.1 memory chip maker, has already invested $7 billion in the Xi'an facility to make 3 D NAND memory chips.

  • SINGAPORE, May 29- Oil prices remained weak on Monday as a relentless rise in U.S. drilling undermined an OPEC- led push to tighten supply. The Organization of the Petroleum Exporting Countries and some non- OPEC producers agreed last week to extend a pledge to cut production by around 1.8 million barrels per day until the end of the first quarter of 2018.

  • HONG KONG, May 29- Hong Kong's latest attempt at cooling home prices in one of the world's most expensive property markets is expected to send buyers scouring for loans in the unregulated shadow banking industry, spreading risk across the financial sector. Home prices in Hong Kong, where a nano-apartment of less than 200 square feet can cost as much as $500,000,...

  • While traditional mining powerhouses like Australia, Canada and Chile still offer opportunities, mining companies are under no illusion about the high cost of operating in these jurisdictions and the relatively low chances of scoring a major new deposit. Africa is often cited as a continent filled with promise, but outside of countries with existing...