Wires

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • BEIJING, Dec 8- China imported 91.98 million tonnes of iron ore in November, up 13.8 percent from the previous month and reaching one of the highest volumes on record, official data from the country's customs authority showed on Thursday. The total was an increase of 12 percent from 80.8 million tonnes in November last year and was the third highest month on record,...

  • BEIJING, Dec 8- Following is a breakdown of China's exports and imports with its biggest trade partners in November.:. For the story on November trade data, click. Exports Imports Balance Exports Imports+/- Exports Imports+/-% y/y% y/y+/-% m/m+/-% m/m Japan 12.2 13.7 -1.5 3.2 17.2 10.2%.

  • BEIJING, Dec 8- China will consume less corn in 2016/ 17 than previously forecast as livestock farmers in the world's top grain buyer give their animals more sorghum and barley and as overall demand for feed wanes, the nation's official think tank said on Thursday. In a daily report, the China National Grains and Oils Information Center cut its estimate for corn...

  • *Asia shares ex- Japan at month high as Wall St climbs. *Euro unfazed as Moody's turns negative on Italy rating. SYDNEY, Dec 8- Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session.

  • SINGAPORE/ TOKYO, Dec 8- The euro edged up and traded near a three-week high against the dollar on Thursday ahead of a European Central Bank policy decision, as the greenback lost momentum from the recent pull-back in U.S. bond yields. The euro has been the main focus for traders this week after Italian Prime Minister Matteo Renzi said he would resign after a...

  • BEIJING, Dec 8- Some local government officials in China have forged economic data and such offenders will be severely punished, the country's statistics chief wrote in an article in the People's Daily on Thursday. China also will improve the quality of its economic data, he said. China has reported steady economic growth of 6.7 percent for three quarters in a row,...

  • *Wall Street soars to new highs overnight. SHANGHAI, Dec 8- Hong Kong stocks reached a five-week high on Thursday morning, after Wall Street set new records ahead of a European Central Bank policy meeting later in the day. Risk appetites in China were curbed after data late Wednesday showed foreign exchange reserves fell nearly $70 billion last month to the lowest...

  • BEIJING— China's exports grew in November for the first time in nine months while imports also rose in a sign global and domestic demand are recovering. "Better-than-expected trade data out of China today reflects both an uptick in global demand as well as the continued strength of the domestic economy," said Julian Evans-Pritchard of Capital Economics in a...

  • WASHINGTON, Dec 8- The U.S. surgeon general on Thursday called for action to reduce the use of e-cigarettes among young people, noting they have overtaken cigarettes to become the most commonly used tobacco products among this group. The nation's top doctor, Vivek Murthy, weighing in on the subject for the first time since e-cigarette use took off, said young...

  • PUNTA DE ARAYA, Venezuela— The pirates had killed Flaco Marval's brother and two cousins, and word was they were coming for the rest of the family. "People can't make a living fishing anymore, so they're using their boats for the options that remain: smuggling gas, running drugs and piracy," said Jose Antonio Garcia, leader of the state's largest union.

  • BEIJING, Dec 8- China's imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also unexpectedly rose, reflecting a pick-up in both domestic and global demand. That left the country with a trade surplus of $44.61 billion for the month, the General Administration of Customs...

  • TOKYO, Dec 8- The Japanese government bond yield curve flattened a touch on Thursday on relief after an auction of 30- year debt managed to attract some demand after early indications had suggested a weaker outcome. The 800 billion yen 30- year auction results were not particularly strong, with the bid-to-cover ratio, a gauge of demand, slipping to 2.85 from 3.50...

  • BEIJING, Dec 8- China, the world's largest coal buyer, imported its largest volume of the commodity in 18 months in November, customs data showed on Thursday, with utilities replenishing stocks to cope with higher winter demand. November imports of 26.97 million tonnes were up a quarter from October and more than double the 12.45 million tonnes imported in the...

  • BEIJING, Dec 8- China's small, independent refiners are set to raise their crude oil imports again in 2017 on expectations that Beijing will keep their intake quotas steady, market participants said, a move that should help eat up some of the global supply glut. Called "teapots" due to the small capacities of their plants compared with the big state-run refineries,...

  • SHANGHAI, Dec 8- China's yuan weakened against the dollar on Thursday morning, weighed down by companies' demand for the U.S. currency, traders said. The People's Bank of China set the midpoint rate at 6.8731 per dollar prior to market open, firmer than the previous fix of 6.8808. Traders said corporate dollar demand was strong on Thursday, the day after China...

  • BEIJING— China's exports grew in November for the first time in nine months while imports also rose, suggesting global and domestic demand are recovering. Customs data released Thursday showed exports rose 0.1 percent, an improvement over October's 7.3 percent contraction. Imports rose 6.7 percent, up from the previous month's 1.4 percent decline.

  • *Asia shares ex- Japan at month high as Wall St climbs. *Euro unfazed as Moody's turns negative on Italy rating. SYDNEY, Dec 8- Asian shares hopped to one-month highs on Thursday after Wall Street strode to another record and bonds rallied on wagers the European Central Bank would extend its asset buying campaign at a policy meeting later in the session.

  • *November iron ore imports up 12 pct on year. BEIJING, Dec 8- China imported 91.98 million tonnes of iron ore in November, up 13.8 percent from the previous month and one of the highest volumes on record, official data from the country's customs authority showed on Thursday. The total was an increase of 12 percent from 80.8 million tonnes in November last year and was...

  • TOKYO, Dec 8- Japan's economy just grew by $278 billion- about the size of South Africa's entire gross domestic product- thanks to an accounting change. Prime Minister Shinzo Abe vowed last September to raise nominal GDP by nearly a quarter to 600 trillion yen by 2020 to show voters he was focusing on reviving the economy ahead of an upper house election in July 2016.