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Wires

  • *Eurotunnel expects growth in Britain despite Brexit. Eurotunnel carries Eurostar high-speed trains between Paris, Brussels and London, as well as shuttle trains containing passenger cars, coaches and freight trucks. Eurotunnel lost as much as a third of its market value in the immediate aftermath of Britain's vote in favour of Brexit and leaving the...

  • *Q2 profit $2.8 bln vs $2.7 bln analysts' estimate. SEOUL, July 25- South Korea's SK Hynix Inc on Tuesday said its DRAM shipments are likely expand around 20 percent next year, in line with market growth, as a demand surge for server chips more than makes up for a slight slowdown in smartphones. "What is important today is not more servers, but servers with higher memory,"...

  • YOUNGSTOWN, Ohio— President Donald Trump is scheduled to visit Ohio on Tuesday as the U.S. Senate will vote on whether to open debate on legislation to repeal and replace former President Barack Obama's health care law. Rob Portman could be a key swing vote on the GOP legislation and is facing immense pressure from both sides. On Saturday, Vice President Mike Pence...

  • BEIJING, July 25- China's crude oil imports will exceed 400 million tonnes this year, said an executive at a Chinese state oil giant on Tuesday, as continuing low oil prices and declining domestic output sparked increased overseas purchases. China's crude imports are also expected to grow by double digits in 2018, Zhang Haichao, vice president of Sinopec Group,...

  • WELLINGTON, July 25- British Foreign Secretary Boris Johnson said late on Monday that New Zealand would be near the front of the line for a free trade deal with Britain once the UK leaves the European Union, according to local media. "I can certainly tell you that New Zealand is at or near the very front of the queue," he told media during a visit to the country.

  • PARIS, July 25- French prepaid meal voucher and card provider group Edenred predicted on Tuesday a rise in full year 2017 operating profit, after strong first-half growth in Europe and a resilient performance in Latin America. Edenred, which helps firms manage staff expenses and is best know for its " Ticket Restaurant" vouchers, forecast earnings before...

  • NEW YORK, July 25- For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. The meeting in New York, for about 250 invited stock analysts and investors, plus anyone who wants...

  • NEW YORK, July 25- For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. The meeting in New York, for about 250 invited stock analysts and investors, plus anyone who wants...

  • NEW YORK, July 25- Of all the demands that activist hedge funds make, one has emerged as a clear favorite over the past year: asking the management of a company they target to put up the "for sale" sign. U.S. activist campaigns that called for companies to explore some type of sale process totaled 91 so far this year, more than double the number a year ago, Thomson Reuters...

  • Panda Green Energy Group has already connected one such 50- megawatt plant to the grid in the northern province of Shanxi, the first step in a public relations stunt that emphasizes the cuddly side of the world's No.2 economy. The Hong Kong- based firm is currently in talks with Canada, Australia, Germany and Italy to launch more panda-shaped power stations.

  • Domestic consumers and businesses have been embracing solar energy at a furious pace- thanks to a big assist from China. Low-cost photovoltaic cells and panels made in China and other Asian countries have helped drive down costs by around 70% since 2010, enabling more Americans to go solar. About 95% of cells and panels sold in the U.S. last year were made abroad,...

  • SHANGHAI, July 25- An Australian currency brokerage said three staff members in Shanghai, who were being held against their will by a group of investors that intruded into its offices last week, had been released and were now helping with a local police investigation. Sydney- headquartered brokerage, Union Standard Group Forex, last week said up to 50 investors...

  • TOKYO, July 25- Japanese government bond prices were steady to a touch firmer on Tuesday, with the yield curve flattening after a 40- year debt auction was well received by investors. The benchmark 10- year JGB yield was unchanged at 0.065 percent, while the 30- year yield and 40- year yield dipped half a basis point to 0.860 percent and 1.065 percent, respectively.

  • SHANGHAI, July 25- China's yuan weakened slightly against the U.S. dollar on Tuesday, pulled down by a softer official midpoint following a rise in the greenback overnight. Prior to market opening, the People's Bank of China set the midpoint rate at 6.7485 per dollar, 75 pips or 0.1 percent weaker than the previous fix of 6.7410. Recent intraday trade was mainly...

  • JAKARTA, July 25- Indonesia's crude palm oil output and exports likely declined in June as Ramadan celebrations in the Muslim majority country curtailed palm harvesting and processing, a Reuters survey showed. Indonesian Palm Oil Association data showed the country exported 2.62 million tonnes of palm oil and palm kernel oil in May. The June survey included...

  • NEW YORK— The National Transportation Safety Board is scheduled to meet and detail a probe into a 2015 crash between a commuter train and an SUV that killed six people in the New York suburbs, a day after a U.S. official told The Associated Press that investigators determined the crash was extra deadly because of an unusual rail design. The Metro-North Railroad...

  • *China's Politburo pledges to prevent' systemic' financial risks. SHANGHAI, July 25- China stocks eased on Tuesday as blue chips paused for breath after their recent strong rally, and as a fresh pledge by Beijing to prevent' systemic' financial risks reignited fears of tighter regulations. China's Politburo, the Communist Party's top decision-making body, said...

  • *Spot gold may test support at $1,250/ oz- Technicals. BENGALURU, July 25- Gold prices held steady on Tuesday, after hitting a one-month high in the previous session, buoyed by political uncertainty in the United States, as investors awaited the Federal Reserve meeting for clues on monetary policy. "While no rate hike is expected, the market is likely to remain subdued...

  • *Toyota aims to sell new EV as early as 2022 in Japan- Chunichi. TOKYO, July 25- Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday. Toyota has decided to sell the new model in Japan as early as...

  • *Asia ex- Japan inches up, Nikkei pulls back. SINGAPORE, July 25- The dollar held above a 13- month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued with few catalysts to drive them. The dollar was little changed at 111.065 yen on Tuesday,...