×

Wires

  • BEIJING, March 29- China is still committed to the Paris climate change accord agreed in 2015, the Foreign Ministry said on Wednesday, after U.S. Trump's main target is former president Barack Obama's Clean Power Plan, which required states to slash carbon emissions from power plants- a key factor in the United States' ability to meet its commitments under the...

  • *Profits soar 28 percent to more than 10 billion yuan. HONG KONG, March 29- Fosun International Ltd, one of China's most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group's strategy. The resignation of co-founder and Chief Executive Liang Xinjun and...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related liabilities totalled $9.8 billion as of December, more than an...

  • LONDON, March 28- While banks warn Britain's European Union divorce could drive the pound below $1.20, their option traders have cut the cost of insuring against further falls in the two years it has left inside the bloc. A company wanting to insure its revenues or financial investments against further falls in the currency could pay 4.8 percent on Tuesday, back...

  • SHANGHAI, March 29- Hong Kong stocks pared early gains to end slightly higher on Wednesday, as weakness in property shares offset buying in shipping firms and index heavyweight Tencent. More large cities on China's wealthy east coast- Fuzhou, Xiamen, and Hangzhou- stepped up property curbs this week, following Beijing's drastic moves that analysts say could...

  • LONDON, March 29- GlaxoSmithKline shares gained on Wednesday as lack of news about U.S. approval of a generic copy of its blockbuster inhaled lung drug Advair buoyed speculation that a threat to profits might be delayed. The U.S. Food and Drug Administration had been due to decide by March 28 whether to approve the first substitutable generic copy of the two-part...

  • JOHANNESBURG, March 29- South Africa's currency and bonds weakened again on Wednesday as expectations rise that President Jacob Zuma will sack finance minister Pravin Gordhan following the funeral of anti-apartheid icon Ahmed Kathrada later in the day. Malema, the firebrand leader of the Economic Freedom Fighters party, is also a former leader of the Youth...

  • *Germany 10- yr yield up 2 bps, lower-rated bonds outperform. LONDON, March 29- A strengthening euro zone economy gave investors confidence to continue selling euro zone government bonds on Wednesday, the day on which Britain is set to officially trigger divorce proceedings with the European Union. "A mixture of good data seems to be proving the European economy...

  • KUALA LUMPUR, March 29- Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a port worker and Malaysian maritime officials told Reuters on Wednesday. Relations between North Korea and Malaysia, which have been friendly for decades, have soured following the...

  • LONDON, March 29- Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really...

  • MELBOURNE, March 29- London copper climbed to its highest in more than a week on Wednesday, buoyed by brighter data from the United States and expectations of seasonally improving second-quarter demand. *SHFE: Shanghai Futures Exchange copper was up 2.6 percent at 47,530 yuan a tonne. *CHINA MANUFACTURING: Activity in China's vast manufacturing sector likely...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • LONDON, March 29- European shares rose on Wednesday, following Wall Street's late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain's exit process from the European Union later in the day. Prime Minister Theresa May will notify EU Council President Donald Tusk in a letter that Britain really is...

  • *SBM's Monaco state backers keen on Japan- Galaxy president. TOKYO, March 29- Macau casino operator Galaxy Entertainment Group Ltd on Wednesday said it has partnered Societe des Bains de Mer, hoping the Monaco peer will help it trump rivals to win a license in Japan's nascent gambling market. "All of the entities of Monaco and the principality... are very enthusiastic...

  • MANILA, March 29- The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. An official briefed on the probe told Reuters in Washington last week that the FBI believes North Korea was...

  • PARIS, March 29- Pernod Ricard raised the prices of its spirits in Britain in March to protect margins against a slide in the pound stemming from the country's vote to leave the European Union, according to company slides released ahead of an analyst call. Pernod, the world's second-biggest spirits group behind Britain's Diageo, did not detail the scope of the...

  • TOKYO, March 29- Japanese stocks could step back before mid-year as uncertainty over the U.S. legislative agenda and elections in Europe slow recent modest momentum but they are expected to finish the year up around 7 percent, a Reuters poll found. The Nikkei share average is forecast to trade at 19,000 at end-June 2017, compared to Tuesday's close of 19,202.87,...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's troubled U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that have plunged it into crisis. A bankruptcy filing will allow Pittsburgh- based Westinghouse, whose nuclear...

  • DUBLIN, March 29- Flights between Britain and the European Union risk being suspended in 2019 if Britain does not prioritize a new aviation deal in Brexit negotiations, Irish low-cost airline Ryanair warned on Wednesday. "It's become worrying that the UK government seems to have no plan B to maintain Britain's liberalized air links with Europe, in the absence of...

  • LONDON, March 29- European shares edged higher on Wednesday as Britain was set to formally trigger divorce proceedings with the European Union it joined in 1973.. Britain's FTSE 100 rose 0.4 percent, outperforming the broader European market, as a weaker pound contributed to gains for its largely foreign-earning stocks. Engie rose 2.6 percent, top of France's...