×

Wires

  • SEOUL, March 27- Hyundai Motor has suspended production at a fourth China factory for one week starting March 24, online media ChosunBiz reported on Sunday, fueling worries about the impact of South Korea's political tension with China on sales in the automaker's top market. Online media ChosunBiz reported on Sunday that Hyundai Motor's China joint venture...

  • The most active soybean futures on the Chicago Board Of Trade fell 0.1 percent to $9.74-1/ 2 a bushel, having closed down 1.6 percent on Friday when prices hit $9.72-1/ 4 a bushel, the lowest since October last year. "Brazil's large soybean harvest is now almost 70 percent complete, Argentina's forecasters just raised their estimate of the 2016 crop significantly...

  • HONG KONG, March 27- Citigroup Inc plans to double its wealth management assets in South Korea, currently at about $3 billion, by 2020, as the U.S. bank invests more in digital technology to expand its customer base in the country.

  • MELBOURNE, March 27- London copper slipped for a third day on Monday as risk appetite fell after President Donald Trump's failure to push through healthcare reform fanned concerns over his ability to realize his economic agenda. "On copper there is so much uncertainty, Escondida, Indonesia, the Philippines, but on the demand side it seems China isn't doing too...

  • BEIJING, March 27- Profits of Chinese industrial firms surged 31.5 percent in the first two months of 2017 from a year earlier as prices of commodities from coal to iron ore raced higher, while strong imports also pointed to a pick-up in activity. Total profits over the first two months of the year were 1.01 trillion yuan, the National Bureau of Statistics said in a...

  • MEXICO CITY, March 26- Mexicans who help build U.S. President Donald Trump's planned border wall would be acting immorally and should be deemed traitors, the Catholic Archdiocese of Mexico said on Sunday, turning up the heat on a simmering dispute over the project. A spokesman for the Archdiocese, which centers on Mexico City and is presided over by the country's...

  • SINGAPORE, March 27- Oil prices dipped on Monday as rising U.S. drilling activity outweighed talks that an OPEC- led production cut initially due to end in mid-2017 may be extended. "OPEC and non- OPEC decided to get ahead of the game this weekend, announcing they are reviewing whether the output curb deal should be extended," said Jeffrey Halley, senior market analyst...

  • BEIJING, March 27- China's industrial profits rose a combined 31.5 percent in January and February from the same period a year earlier, the National Statistics Bureau said in a statement on Monday. The profit increase was mostly due to faster growth in prices of coal, steel and crude oil, He Ping, a statistics bureau official, said in a note accompanying the...

  • MELBOURNE, March 27- London copper slipped in low volumes on Monday as risk appetite fell after President Donald Trump's failure to push through healthcare reform fanned concerns over his ability to realize his economic agenda. London copper has found support at then 100- day moving average around $5,749 a tonne. *Shanghai Futures Exchange copper slid by 0.7...

  • SYDNEY, March 27- U.S. soybeans took a breather on Monday, although silo-busting supply expectations kept the oilseed near a five-month low. *The most active soybean futures on the Chicago Board Of Trade were little changed at $9.76-1/ 4 a bushel, having closed down 1.6 percent on Friday when prices hit a low of $9.72-1/ 4 a bushel, the lowest since Oct. 19, 2016.

  • LONDON, March 24- No evidence has emerged of cheating on the OPEC/ non- OPEC production agreement so far. Charles Goodhart was a Bank of England official and he was expressing the bank's frustration that any measure of the money supply it started targeting ceased to be a good target soon after it was chosen. The question is whether OPEC and non- OPEC countries will...

  • *Spot gold rose 0.8 percent to $1,254.01 per ounce by 0042 GMT, after hitting a near one-month high of $1,254.65. *President Donald Trump suffered a stunning political setback on Friday in a Congress controlled by his own party when Republican leaders pulled legislation to overhaul the U.S. healthcare system, a major 2016 election campaign promise of the...

  • March 26- U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. Trump said he would now turn his attention to getting "big tax cuts" through Congress. Speaking on "Fox News Sunday,"...

  • WASHINGTON, March 26- Fresh off a defeat on U.S. healthcare legislation, the White House warned rebellious conservative lawmakers that they should get behind President Donald Trump's agenda or he may bypass them on future legislative fights, including tax reform. The threat by White House chief of staff Reince Priebus to build a broad coalition on tax reform...

  • TOKYO/ SYDNEY, March 27- The dollar slid to a near two-month low against a basket of currencies early on Monday as concerns mounted about the chances of U.S. fiscal stimulus after the stinging defeat of President Donald Trump's healthcare package. The inability to overhaul the U.S. healthcare system, a major election campaign promise of Trump and his allies,...

  • TOKYO, March 27- Westinghouse Electric Co, the U.S. nuclear unit of Japan's Toshiba Corp, could file for bankruptcy protection as early as Tuesday and is seeking. Sources told Reuters on Friday that Toshiba had told its main banks it planned to have Westinghouse file for bankruptcy on Friday, expanding charges related to the U.S. unit this business year to about 1...

  • HONG KONG, March 27- Asian stocks are set to start the week on a cautious note as President Donald Trump's stunning failure to get healthcare reform passed raised concerns about the prospects for his plans to use fiscal stimulus to boost economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade though Australia's...

  • TOKYO, March 27- Shares in Toshiba Corp rose on Monday morning after a report that U.S. unit Westinghouse Electric Co could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea's Korea Electric Power Corp.. Toshiba's shares were last up 0.5 percent at 224 yen after earlier rising as high as 232 yen, against the backdrop of a...

  • March 27- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 27- Mar United States Sale of 2- year notes 28- Mar United States Sale of 5- year notes 28- Mar United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022 28- Mar Germany Auction of 2- year Treasury note 28- Mar Italy...

  • March 27- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 27- Mar United States Sale of 2- year notes 28- Mar United States Sale of 5- year notes 28- Mar United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022 28- Mar Germany Auction of 2- year Treasury note 28- Mar Italy...