Wires

  • Sept 28- U.S. stock index futures were little changed on Wednesday as investors awaited Federal Reserve Chair Janet Yellen's testimony before a Congressional Committee. *Fed presidents and voting members Esther George, James Bullard and Loretta Mester are among the five officials scheduled to speak at separate events through the day. The report is due at...

  • LONDON, Sept 28- The chief executive of the world's largest oil trader Vitol said on Wednesday he did not see the global oil market tightening before 2018.. He also expressed skepticism over the significance of a potential OPEC deal on freezing production. Taylor asked a Bloomberg conference in London.

  • WARSAW, Poland— Warsaw prosecutors have officially informed a Russian citizen that he is suspected of violating Polish aviation law by flying a drone over Polish government buildings in Warsaw. In Poland, this is the first step toward charges being possibly pressed against the man, identified only as Ivan K., in line with Poland's privacy regulations.

  • TORONTO, Sept 28- BlackBerry Ltd posted a 31.8 percent fall in second-quarter revenue and it said it would end all internal hardware development, including its well known smartphones. The Waterloo, Ontario- based company reported a net loss of $372 million, or 71 cents a share, on revenue of $334 million. A year ago, it reported a profit of $51 million, or 24 cents a share,...

  • WATERLOO, Ontario _ BlackBerry Ltd. on Wednesday reported a fiscal second-quarter loss of $372 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. Five analysts surveyed by Zacks expected $390.7 million.

  • HONG KONG, Sept 28- Bank of America's head of South Korea investment banking Peter Kim is leaving the bank, IFR reported, citing people with knowledge of the matter, as part of the U.S. bank's move to cut some investment banking jobs in Asia. Ben Stewart, senior manager of debt capital markets and syndicate in Australia, and Niraan De Silva, head of Southeast Asia equity...

  • LONDON, Sept 28- The dollar rose against the yen and a basket of currencies on Wednesday, with the focus shifting to Federal Reserve chair Janet Yellen's semi-annual testimony before a Congressional committee later in the day. It was up 0.3 percent at 100.70 after setting a one-month low of 100.085 yen on Tuesday. The euro was flat at $1.1210, having come under...

  • SINGAPORE, Sept 28- Singapore Exchange Ltd sees the potential to develop new freight derivatives centered on active Asian shipping routes and expand the use of freight derivatives with its acquisition of London's Baltic Exchange, a senior SGX official told Reuters. "We believe there are a number of opportunities that the Baltic Exchange and SGX can realize...

  • *Poses big threat to rivals in Europe and elsewhere. *UberEats opens in Amsterdam, Tokyo, four other cities this week. In addition to Amsterdam UberEats says it is also due to launch services in Dubai, Johannesburg and selected areas of Tokyo on Thursday and plans to be in Brussels, Stockholm, Hong Kong, Taipei, Jakarta, and Bangkok in the coming months.

  • KUALA LUMPUR, Sept 28- Honda Motor Co Ltd said on Wednesday that the driver-side airbag inflator ruptured during a fatal crash in Malaysia, in the fourth death this year in the Southeast Asian country linked to airbags from supplier Takata Corp.. The incident on Sept. 24 took place in Johor, a state in southern Malaysia, and involved a 2009 Honda City.

  • "I will resolve the territorial issue, end the abnormal situation in which no peace treaty has been concluded even 71 years after the war and cultivate the major possibility of Japan- Russia cooperation in areas such as the economy and energy," Abe said in a speech to parliament this week. Those bold pledges belie a tangled disagreement over who owns the islands off...

  • Sept 28- Japan's Takata Corp is in talks with the U.S. Department of Justice to resolve allegations of criminal wrongdoing related to its faulty air bags, the Wall Street Journal reported on Wednesday. Federal prosecutors have found evidence of unlawful conduct in Takata's handling of rupture-prone air bags and are waiting for the company's proposal on how to...

  • BRATISLAVA, Sept 28- A modest proposed investment of 90 million euros in EU defence research could mark a turning point after years of cuts that have put the continent's future military capabilities at risk, the head of the European Defence Agency said. The plan put forward by the European Commission has taken on added significance since Britain voted to quit...

  • BERLIN/ FRANKFURT, Sept 28- European Central Bank President Mario Draghi faces a grilling on Wednesday from German lawmakers who say the ECB's super-loose monetary policy has damaged the 19- country currency bloc and fuelled the rise of the populist right. But many in traditionally prudent Germany argue that sub-zero rates upset financial stability,...

  • BRATISLAVA, Sept 28- A modest proposed investment of 90 million euros in EU defense research could mark a turning point after years of cuts that have put the continent's future military capabilities at risk, the head of the European Defence Agency said. The plan put forward by the European Commission has taken on added significance since Britain voted to quit...

  • LONDON, Sept 28- Sterling's fall since Britain's vote to leave the European Union will not necessarily lead to higher grocery prices, as it could be offset by lower commodities prices and stiff competition, the country's No.2 supermarket group Sainsbury's said on Wednesday. Britain's grocery sector has seen more than two years of falling prices as German...

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered Mediterranean...

  • JOHANNESBURG, Sept 28- Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies raided comprise local subsidiaries of Denmark's Maersk, Swiss-headquartered...

  • LONDON, Sept 28- Tin hit a 20- month high on Wednesday as inventories dwindled, fueling worries about shortages, and nickel struggled to extend gains as investors digested news about more mine suspensions in top ore exporter the Philippines. Falling shipments from top tin exporter Indonesia and predictions a surge in mining in Myanmar is tapering off has...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has previously said it...