Wires

  • TOKYO, Jan 23- The dollar slipped more than 1 percent against the yen on Monday, as investors locked in gains on the greenback's recent rise as they waited for newly inaugurated U.S. President Donald Trump to offer details of his promised stimulus. The dollar fell as low as 113.435 yen, and was last down 1 percent at 113.505.

  • SINGAPORE, Jan 23- Oil edged up on Monday on statements over the weekend from OPEC and other producers that they have been successfully implementing output cuts, but gains were limited by a surge in U.S. drilling. OPEC and non- OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on...

  • DOLLAR FALLS MORE THAN 1 PERCENT AGAINST YEN ON THE DAY.

  • SYDNEY, Jan 23- U.S. corn fell on Monday, retreating from a six-month high touched in the previous session, though strong export demand continued to underpin prices. *The most active corn futures on the Chicago Board Of Trade dropped 0.14 percent to $3.69-1/ 4 a bushel, having gained 0.96 percent in the previous session when prices hit a high of $3.70 a bushel- the...

  • SEOUL, Jan 23- Samsung Electronics Co Ltd on Monday said faulty batteries caused its flagship Galaxy Note 7 phones to catch fire and announced steps to avoid repeat incidents, as it tries to restore trust and regain momentum in the smartphone business. The announcement came more than three months after Samsung scrapped the short-lived competitor of Apple...

  • SINGAPORE, Jan 23- Oil prices edged up on Monday, supported by statements from oil producers over the weekend that an output cut was being successfully implemented, but markets were held back by a surge in drilling that suggested U.S. production would rise further. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel...

  • SYDNEY, Jan 23- London copper edged up on Monday to extend last week's gains, buoyed by a weaker dollar and as U.S President Donald Trump reiterated plans to spend big on infrastructure renewal. *Three-month copper on the London Metal Exchange had risen 0.6 percent to $5,745 a tonne by 0115 GMT, extending gains from the previous session. *The most-traded copper...

  • Jan 22- United Airlines said it had grounded all domestic flights due to an "IT issue" on Sunday, company spokeswoman Maddie King said.

  • NEW YORK— United Airlines says domestic flights are on the move again after being grounded Sunday because of a computer problem. Company spokeswoman Maddie King says the "IT issue" that initially caused the ground stop has been resolved and flights are resuming, but customers may experience additional delays. Chicago- based United Airlines and United Express...

  • Its creation follows a series of controversial foreign investment rulings that prompted the Chinese government to label Australia "protectionist." The Foreign Investment Review Board is currently considering whether to approve the $5.5 billion acquisition of DUET Group by a consortium led by Hong Kong's Cheung Kong Infrastructure Holdings.

  • Jan 23- Gold prices rose on Monday on a weaker dollar and safe haven buying on uncertainties over U.S. policy after Donald Trump was sworn in as president last Friday. *Spot gold rose 0.5 percent, to $1,215.30 per ounce by 0051 GMT. *U.S. gold futures were up 0.9 percent at $1,215.10 by 0051 GMT.

  • SINGAPORE, Jan 23- Oil prices edged up on Monday, supported by statements from oil producers over the weekend that an output cut was being successfully implemented, but markets were held back by a surge in drilling that suggested U.S. production would rise further. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel...

  • SEOUL, Jan 19- Samsung Electronics Co Ltd on Monday said battery defects caused its premium Galaxy Note 7 phones to catch fire, not the device's software or hardware.

  • SEOUL, South Korea— Samsung Electronics Co. said Monday that problems with the design and manufacturing of batteries in its Galaxy Note 7 smartphones caused them to overheat and burst into fire. The announcement of results from the company's investigation into one of its worst product fiascos comes three months after the flagship phone was discontinued.

  • LONDON, Jan 20- The U.S. gas market has tightened significantly over the last nine months as low prices have spurred strong consumption and exports while slashing drilling of new wells. At the same point last year, stocks were 473 billion cubic feet above average, according to the U.S. Energy Information Administration. Heating demand so far in the winter of 2016/ 17...

  • SEOUL, South Korea— Samsung says battery design and manufacturing process caused Galaxy Note 7 smartphone fires.

  • TOKYO, Jan 23- The dollar started the week on the back foot in early Asian trade on Monday, with the euro edging up to its highest in more than a month as investors locked in gains on the dollar's recent rise as they waited for U.S. The euro firmed 0.2 percent on the day to $1.07270 after rising to $1.07300, its highest since Dec. 8. Against the perceived safe-haven yen, the...

  • TOKYO, Jan 23- The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump's protectionist policies outweighed optimism that he will follow through on promises of tax cuts and other stimulus. Japan's Nikkei dropped 1.3 percent while shares in South Korea and Australia dropped 0.3 percent, though...

  • SINGAPORE, Jan 23- Oil prices edged up on Monday, supported by statements from oil producers over the weekend that a output cut was being successfully implemented, but markets were held back by a surge in drilling that suggested U.S. output would rise further. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0016...

  • SYDNEY, Jan 23- The Australian government on Monday said it would establish a new Critical Infrastructure Centre to protect key national infrastructure from sabotage, espionage and coercion. The center, which will develop national security risk assessments and register critical assets, is being established as the government has taken an increasingly...