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Wires

  • TOKYO, May 1- The Bank of Japan trimmed its purchases of Japanese government bonds with three to five years left to maturity on Monday, after signaling last week that it intended to curb its buying in that zone. It offered to buy 300 billion yen of three- to five-year JGBs in its regular buying operations. On Friday, the central bank said it intends to buy 250 billion yen...

  • SEOUL, May 1- South Korea's exports to the United States rose 3.9 percent in April from a year earlier, trade ministry data showed on Monday, rebounding from a 5.0 percent decline in March. Shipments to the United States have been fairly uneven this year, falling in January and March due to variable economic recovery there. South Korea's trade surplus with the U.S....

  • TOKYO, May 1- Oil prices edged down on Monday on worries that OPEC- led production cuts may not significantly tighten an oversupplied market in the short term despite talk of extending them. Iran's oil minister said on Saturday that OPEC and non- OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.

  • TOKYO, May 1- Oil prices edged down on Monday on worries that OPEC- led production cuts may not significantly tighten an oversupplied market in the short term despite talk of extending them. Iran's oil minister said on Saturday that OPEC and non- OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.

  • Dollar/yen stalls after North Korea's missile launch. TOKYO, May 1- Asian stocks struggled for traction on Monday after weaker-than-expected U.S. economic growth data, while the dollar dropped against the yen amid tensions over North Korea and slipped versus the euro on evidence of strong euro zone inflation. MSCI's broadest index of Asia-Pacific shares...

  • *Investors warily monitor developments in North Korea. TOKYO, May 1- The dollar started the week on the back foot on Monday, as solid European inflation data lifted the euro and continuing tensions with North Korea underpinned the perceived safe-haven yen. U.S. Labor Department data on Friday showed private wages and salaries accelerated 0.9 percent in the...

  • The most active wheat futures on the Chicago Board Of Trade rose as much as 2.5 percent to $4.43 a bushel, the highest since March 10. "With frost through Kansas, Colorado and even stretching through to Oklahoma, the market is concerned about how much of the crop has been damaged," said Andrew Woodhouse, grains analyst at Advance Trading Australasia.

  • SEOUL, May 1- South Korean exports rose at a much faster-than-expected pace in April, surging for a sixth straight month helped by robust demand for high-tech memory chips, adding confirmation to perceptions of broad recovery in the global economy. Preliminary data showed April's exports soared 24.2 percent from a year earlier to $51.01 billion, while imports...

  • May 1- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 1- May Japan 3- month discount bill auction 2- May Belgium Auction of Treasury bills 2- May Netherlands DTC auction 3- May Sweden Auction of government bonds 3- May Germany Auction of 10- year Federal bonds 4-...

  • May 1- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 1- May Japan 3- month discount bill auction 2- May Belgium Auction of Treasury bills 2- May Netherlands DTC auction 3- May Sweden Auction of government bonds 3- May Germany Auction of 10- year Federal bonds 4-...

  • SEOUL, May 1- Following are South Korea's preliminary export and import figures for April, released by the Ministry of Trade, Industry and Energy on Monday: APRIL* MARCH. Balance 13.25 6.27 Exports 51.01 48.85 +24.2 +13.6 Imports 37.75 42.58 +16.6 +27.7* Revised figures released on April 17. NOTES:- Reuters poll: Exports were seen up 15.3 percent in April over a year...

  • YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad attend the hearing regarding the Government Pension Fund Global before the standing...

  • YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad attend the hearing regarding the Government Pension Fund Global before the standing...

  • BOSTON— General Electric is breaking ground on its new headquarters in a former candy factory in Boston. Jeff Immelt, GE's CEO, is expected to speak at the May 8 event, along with Massachusetts Governor Charlie Baker and Boston Mayor Marty Walsh. The multi-national conglomerate moved from Fairfield, Connecticut to temporary space in Boston's Seaport District...

  • The catchall spending bill would be the first major piece of bipartisan legislation to advance during President Donald Trump's short tenure in the White House. It also rejects White House budget director Mick Mulvaney's proposals to cut popular programs such as funding medical research and community development grants. Details are closely held, but Trump...

  • PARIS, April 30- French presidential candidate Marine Le Pen renewed her attack on the European Union's euro single currency on Sunday, a day after saying that ditching it might not be her top priority. The National Front candidate has a week to overturn the opinion poll lead of pro-EU centrist Emmanuel Macron before the run-off vote between the two on May 7.

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro hiked wages and handed out hundreds of free homes Sunday amid his efforts to counter a strengthening protest movement seeking his removal. It is small solace to workers who seen the buying power of their earnings eroded by a sinking currency and the world's highest inflation— forecast to accelerate to...

  • NEW YORK, April 28- Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth. Growth stocks- whose profits are expected to grow at a faster pace than the broader market- are also outperforming their value counterparts in Asia and Europe.

  • April 30- Caterpillar Inc shares rose 8 percent over the past week on strong first quarter earnings but could rise another 20 percent over the next year, including the 3- percent dividend, Barron's wrote over the weekend. The manufacturer had made a big bet on mining, paying $8.6 billion including debt for Bucyrus International. Despite the positive results, Wall...

  • NEW YORK— Interested home buyers right now need to be prepared to act quickly. Demand among buyers but fewer properties on the market has encouraged Americans to buy existing homes at the fastest pace in over a decade. Steve Boland is a managing director of consumer lending at Bank of America who oversees the bank's mortgage lending operations and its car loans...