Wires

  • NEW YORK, Aug 29- The U.S. dollar broadly extended gains on Monday and reached a three-week high against the yen after Federal Reserve officials' hawkish comments on Friday raised expectations that an interest rate hike is more likely in the coming months. At an annual gathering for global central bankers in Jackson Hole, Wyoming, Fed Chair Janet Yellen said the...

  • BAGHDAD, Aug 29- Iraq has put out fires at four oil wells in the oil-producing region of Qayyara which Iraqi forces recaptured from Islamic State last week, the oil ministry said on Monday. "Work is underway to put out flames in the remaining wells or oil spots that Daesh criminal gangs set ablaze before fleeing the city," Deputy Oil Minister Fayadh al-Nema said in the...

  • Aug 29- Aleris Corp, a U.S.-based aluminum rolled products maker, said it would be bought by Zhongwang USA LLC, a division of Zhongwang International Group Ltd, in a $2.33 billion deal. Zhongwang USA, which is majority-owned by Liu Zhongtian, the founder of China Zhongwang, will pay $1.11 billion in cash and take on Aleris's $1.22 billion in net debt, Aleris said in a...

  • ROME— The Latest on Italy's devastating earthquake:. Romania's foreign ministry says it will pay to repatriate the bodies of seven Romanians who died during last week's quake in central Italy. A statement said the bodies will arrive in Romania from Italy on Tuesday.

  • Aug 29- Aleris Corp, a U.S.-based aluminum rolled products maker, said it would be bought by Zhongwang USA LLC, a unit of Zhongwang International Group Ltd, in a $2.33 billion deal.

  • Aug 29- Walgreens Boots Alliance Inc said it would combine its central specialty pharmacy and mail service businesses with pharmacy benefit manager Prime Therapeutics, as part of a long-term agreement.

  • Aug 29- Wall Street was set to open flat on Monday as investors pondered the timing of the next interest rate hike following comments from top Federal Reserve officials. "It's a delicate yet deliberate delivery of reality," said Andre Bakhos, managing director at Janlyn Capital. A report from the U.S. Commerce Department showed consumer spending, which accounts...

  • *Consumer spending rises 0.3 percent in July. WASHINGTON, Aug 29- U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could pave the way for the Federal Reserve to raise interest rates this year. The Commerce Department said on Monday that consumer spending, which...

  • BERLIN, Aug 29- Germany's BGA trade association slashed its 2016 forecast for export growth, its head said on Monday, predicting sales abroad by Europe's biggest economy would later stagnate as the delayed impact of Brexit hit home. Global demand for German goods has slowed significantly, with Britain's decision to leave the European Union among several...

  • *In about turn, Egypt bans ergot fungus in wheat again. Egypt, the world's biggest wheat importer, reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus, ergot, baffling traders who had returned to the Egyptian market just last month when the ban was lifted. "The market is bemused as to where Egypt...

  • CORRECTED-US DOLLAR RISES AFTER PERSONAL INCOME, SPENDING DATA, DOLLAR INDEX RISES TO SESSION HIGH OF 95.80.

  • US DOLLAR RISES AFTER PERSONAL INCOME, SPENDING DATA, DOLLAR INDEX RISES TO SESSION HGIH OF 95.80.

  • WASHINGTON, Aug 29- U.S. consumer spending increased for a fourth straight month in July amid strong demand for automobiles, pointing to a pickup in economic growth that could allow the Federal Reserve to raise interest rates this year. The Commerce Department said on Monday that consumer spending, which accounts for more than two-thirds of U.S. economic...

  • WASHINGTON— US consumer spending growth slowed in July, while incomes accelerated slightly.

  • WASHINGTON— American consumers boosted spending at a slower pace in July, while their incomes accelerated slightly. Spending grew 0.3 percent in July following a 0.5 percent increase in June, the Commerce Department reported Monday. Laura Rosner, an economist at BNP Paribas, described both the income and spending numbers for July as "solid."

  • Zhongwang USA LLC will pay $1.11 billion in cash and take on Aleris' $1.22 billion in net debt, the U.S. company said.

  • VATICAN CITY— Pope Francis has met with Facebook founder and CEO Mark Zuckerberg and Zuckerberg's wife, Priscilla Chan, at the Vatican. Vatican spokesman Greg Burke says one topic of discussion at Monday's meeting was "how to use communication technologies to alleviate poverty, encourage a culture of encounter, and make a message of hope arrive, especially to...

  • Aug 29- Building supplies maker USG Corp said it would sell its distribution unit, L&W Supply Corp, to roofing supplier ABC Supply Co Inc for $670 million, as the company looks to cut debt and focus on its high-return gypsum and ceiling businesses. The distribution business accounted for about 38 percent of Chicago- based USG's total sales of $3.78 billion in 2015..

  • *European shares in the red, Wall Street seen unchanged. LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards soon. But on Friday, at an annual gathering of global central...

  • MOSCOW, Aug 29- The Kremlin said on Monday it deeply regrets the illness of Uzbek President Islam Karimov who suffered a brain hemorrhage on Saturday. The Kremlin declined to comment on whether it was concerned by a possible aggravation of the situation in Central Asia's most populous country which borders Afghanistan, in the event of Karimov's death.