Wires

  • *Several foreign brands have pulled out of Turkey. ISTANBUL, Jan 22- Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. Foreign brands in Turkey are also suffering.

  • BEIJING, Jan 23- China's liquefied natural gas imports hit a record high in December, customs data showed on Monday, driven up as the country pushes towards cleaner fuels. Trade flow data on Thomson Reuters Eikon shows that Australia and Qatar exported the most LNG to China in December. For the whole of 2016, China's LNG imports rose 32.8 percent to 26.06 million...

  • TOKYO, Jan 23- Japan's Nikkei share average dropped more than 1 percent on Monday as exporters fell on a stronger yen, while sentiment was subdued on concern over U.S. President Donald Trump's protectionist trade views. The Nikkei dropped 1.3 percent to 18,891.03.

  • Its creation follows a series of controversial foreign investment rulings last year, when the government blocked Hong Kong and Chinese firms bidding for Ausgrid, the biggest power grid in the nation's most populous state, New South Wales, on national security grounds. The Chinese government subsequently labeled Australia "protectionist."

  • SEOUL, Jan 23- South Korea's special prosecutor's office said on Monday it plans to investigate other conglomerates after completing its probe of Samsung Group, whose leader has been named a suspect in a graft scandal involving President Park Geun-hye.

  • BEIJING, Jan 23- China's December diesel imports rose 166.1 percent from the same month a year earlier to 110,000 tonnes, customs data showed on Monday, while kerosene imports fell 2.3 percent on the year to 290,000 tonnes.

  • DUBAI, Jan 23- Dubai ports operator DP World said on Monday it was partnering with Canadian pension fund manager Caisse de dépôt et placement du Québec to create an investment vehicle worth US $3.7 billion that would invest in ports and terminals worldwide. The platform will have "a focus on investment-grade countries" excluding the United Arab Emirates, and...

  • *Resource sector the biggest gainer in both Hong Kong and China. SHANGHAI, Jan 23- Hong Kong stocks started flat on Monday, despite support from a strong resource sector underpinned by a broadly weaker U.S. dollar. In Hong Kong, the Hang Seng index erased some early gains and added 0.1 percent, to 22,898.96 points, while the Hong Kong China Enterprises Index rose 0.2...

  • *OPEC, other producers cut output to support prices. Brent crude, the international benchmark for oil prices, was trading at $55.42 per barrel at 0441 GMT, down 7 cents from its last close. Crude oil had traded higher earlier in the session on the back of output cuts by OPEC and other producers.

  • LAUNCESTON, Australia, Jan 23- The quiet demise of China's plans to launch a new crude oil futures contract shows the innate conflict of wanting the financial clout that comes with being the world's biggest commodity buyer, but also seeking to control the market. It has been a long-standing ambition for a new global oil price benchmark to be established in...

  • TOULOUSE, France, Jan 23- The world's largest commercial turboprop maker, Franco-Italian ATR, said on Monday deliveries fell 9 percent last year as demand for regional aircraft slows in response to a weakening global economy. "They are a little less than we expected a year ago," recently appointed ATR Chief Executive Christian Scherer said. Revenue at ATR, co-owned...

  • Jan 22- A computer problem forced United Airlines to ground all domestic flights for about an hour on Sunday evening, causing a cascade of delays and annoying customers throughout the United States. International flights were not affected, the Federal Aviation Administration said. United said it would waive change fees for passengers with a' travel waiver' but...

  • SEOUL, Jan 23- Samsung Electronics Co Ltd indicated on Monday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices. Samsung mobile chief Koh Dong- jin said procedures had been put in place to avoid a repeat of the fires, as investors look...

  • TOKYO, Jan 23- Japanese government bond prices rose on Monday as Tokyo stocks slipped and Treasuries gained after the inauguration of Donald Trump as U.S. president and lifted investor demand for safe-haven debt. "JGBs have found bids as Trump reiterated his protectionist stance while failing to mention any fiscal policy specifics, pushing back expectations...

  • SHANGHAI, Jan 23- China's yuan strengthened on Monday morning as the dollar slipped, while rates in the interbank market fell back but remained elevated after the central bank's move last week to ease tight liquidity. The People's Bank of China set the yuan on a firmer course in early trade, fixing the midpoint at 6.8572 per dollar prior to market open, 121 pips...

  • BEIJING— Japanese stocks tumbled while Chinese markets gained Monday after Donald Trump took office as U.S. president and promised "American first" policies, adding to concerns about the threat of protectionism. Seoul's Kospi added 0.1 percent to 2,067.59 and Taiwan and Singapore also gained. TRUMP ON TRADE: Trump has rattled businesspeople in Japan, China and...

  • Spot gold rose 0.7 percent, to $1,217.81 per ounce by 0303 GMT. It earlier touched a high of $1,219.43, the most since Nov. 22. U.S. gold futures were up 1.1 percent, to $1,218.20 at 0303 GMT.

  • *Soybean prices ease on forecasts of dry weather in Argentina. SINGAPORE, Jan 23- Chicago soybeans slid for a third session on Monday, with forecasts of dry weather in Argentina's flooded crop areas easing concerns over yield losses. The Chicago Board of Trade most-active soybean contract had declined 0.5 percent to $10.62-1/ 4 a bushel by 0317 GMT.

  • *TPP member Japan, Australian shares down; Asia up. Japan's Nikkei dropped 1.1 percent while shares in Australia dropped 0.7 percent after the Trump administration, on its first day in office, declared its intention to withdraw from the Trans-Pacific Partnership, a 12- nation trade pact that Japan and Australia also have signed up for. Hong Kong shares rose 0.6...

  • President Donald Trump said on Sunday he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement. Canada's ambassador to the United States said it was clear the Trump team were concerned above all about trade deficits with Mexico and China. Trade experts, academics and government officials say...