Wires

  • LONDON, Sept 27- British online fashion retailer Boohoo.com on Tuesday upgraded its sales guidance for the third time in three months as it reported a more than doubling of first-half profit on the back of strong revenue growth driven by new customers. The firm, which designs, sources and sells own-brand clothing, shoes and accessories online to a core market of...

  • SEOUL, Sept 27- Samsung Electronics Co said on Tuesday it has got back more than 60 percent of recalled Galaxy Note 7 smartphones sold in South Korea and the United States, suggesting it is making progress in its attempts to recover from the crisis. Samsung hopes to take the faulty products off the market as soon as possible in order to limit further damage to its...

  • *Committed investors see payoff from solid Asia returns. SINGAPORE, Sept 23- Having weathered almost two years of volatility spurred by a fickle Federal Reserve, most long-term investors in Asia's emerging markets barely blinked this week as the Fed once again redrew the future path of U.S. interest rates. "The idea that yields are going to be lower for longer is...

  • *Spot silver may test support at $18.06/ oz in three months- technicals. BENGALURU, Sept 27- Gold edged lower on Tuesday after equity markets bounced back, hinting that investors were turning to riskier assets in a belief Democrat Hillary Clinton won the first U.S. presidential debate against Republican Donald Trump. I suspect the move subsequent to the first...

  • TOKYO, Sept 27- Japanese stocks rose on Tuesday in choppy trade, recovering from 7-1/ 2- week lows hit in the morning after sentiment was helped by views that U.S. presidential candidate Hillary Clinton won the debate over her rival Donald Trump. "A Clinton presidency is the lesser of two evils to the financial market," said Akio Yoshino, chief economist of equity...

  • *Asia stocks ex- Japan swing higher, euro shares to start firm. SYDNEY, Sept 27- Asian shares recovered from an early bout of nerves while the Mexican peso surged on Tuesday as investors awarded the first U.S. presidential debate to Democrat Hillary Clinton over Republican Donald Trump. As early risk aversion faded, MSCI's broadest index of Asia-Pacific shares...

  • LONDON, Sept 27- British travel company Thomas Cook stuck to its annual profit guidance on Tuesday, after strong demand for summer holidays to destinations other than Turkey helped offset pressure on the group. Thomas Cook was forced to lower its guidance in July after the failed coup in Turkey, formerly the company's fourth most important market, prompted...

  • SYDNEY, Sept 27- Australian wheat output will likely fall short of official estimates of near record volumes as heavy rains exacerbate recent damage to crops in the east of the world's fourth largest exporter, farmers and analysts said on Tuesday. "We are starting to see some crop losses after it has been too wet for too long," said Dan Cooper, a farmer in Caragabal, 460...

  • *Rogers hired to change mindset of LVMH managers. PARIS, Sept 26- When LVMH hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. Changing mentalities and priorities at LVMH takes time, according to sources close to the 78 billion euro group controlled by France's richest man, Bernard Arnault.

  • MANILA, Sept 27- The Philippines has ordered the suspension of 20 more mines for environmental violations, most of them nickel producers, a government official said on Tuesday. Worries of tighter supply from the world's top nickel ore exporter- where 10 mines have already been shuttered as part of an audit launched on July 8 and completed last month- helped global...

  • BEIJING, Sept 27- Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilising. Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan, the National Bureau of Statistics said on Tuesday, the most since August 2013.

  • BEIJING, Sept 27- Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilizing. Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan, the National Bureau of Statistics said on Tuesday, the most since August 2013.

  • SEOUL, Sept 27- Samsung Electronics Co Ltd said on Tuesday it has recovered more than 60 percent of all Galaxy Note 7 smartphones sold in South Korea and the United States that have been recalled. In a statement, Samsung said it was focused on replacing all affected devices "as quickly and efficiently" as possible and reiterated its request that customers affected...

  • IONIA, Mich.— Few states have been more aggressive in releasing inmates and diverting offenders than Michigan, where a decade ago, 1 out of every 200 people was in prison, and penal costs were beginning to crowd out basic government services. Now Michigan is trying to stop the boomerang effect with a new program that removes soon-to-be-released inmates from the...

  • LAUNCESTON, Australia, Sept 27- Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China. On the surface, China's appetite for imported crude has seen robust gains this year, rising 13.5 percent...

  • BEIJING— Asian stock markets were mostly higher Tuesday as traders followed the U.S. presidential debate between candidates Hillary Clinton and Donald Trump. KEEPING SCORE: Hong Kong's Hang Seng index advanced 1.1 percent to 23,571.79 and Tokyo's Nikkei 225 was up 0.6 percent at 16,635.29. India's Sensex gained 0.2 percent to 28,342.26 and benchmarks in New...

  • ATLANTIC CITY, N.J.— A New York firm hopes to be the first in the world to install skill-based slot machines on casino floors in which the main determining factor in how much a player can win is his or her ability to play the game. GameCo told The Associated Press on Tuesday that it is ready to put machines in the three Atlantic City casinos owned by Caesars...

  • SHANGHAI, Sept 27- China's yuan was little changed on Tuesday, with the market shrugging off mention of China during the U.S. presidential candidates' debate and traders saying state banks sold some dollars to support the Chinese currency. The People's Bank of China set the midpoint rate at 6.6646 per dollar prior to market open, firmer than the previous fix of...

  • SHANGHAI, Sept 27- China stocks were little changed on Tuesday as investors were reluctant to stake out fresh positions ahead of a week-long holiday despite data showing August industrial profits surged the most in three years. In Hong Kong, shares bounced over 1 percent, recovering much of Monday's drop, but investors were bracing a drop in inflows from China as...

  • ROCHESTER, Mass.— All is not well in cranberry country this harvesting season, the 200th anniversary of the world's first known commercial cultivation. In the birthplace of the industry, many Massachusetts growers whose families have tended bogs for generations are in "dire straits," facing challenges that include rising production costs, decreasing crop...