Wires

  • SYDNEY— Qantas Airways Ltd. posted a record full-year profit of 1.53 billion Australian dollars on Wednesday, after undergoing a cost-saving restructuring amid steep losses just two years ago. The strong performance for Australia's largest airline comes two years after it posted a record AU $2.8 billion loss. The Sydney- based airline declared a dividend of...

  • SYDNEY, Aug 24- U.S. corn edged down on Wednesday under pressure from expectations of ample global supplies, though findings from the widely watched Pro Farmer U.S. crop tour curbed losses. *The most active corn futures on the Chicago Board of Trade fell 0.1 percent to $3.37-3/ 4. *The annual Pro Farmer Midwest Crop Tour on Tuesday estimated corn yields in Indiana...

  • MELBOURNE, Aug 24- London zinc and tin held close to their highest levels in more than a year on Wednesday as supply shrinks, while copper wallowed near its lowest in six weeks amid a stock overhang and a strong dollar. *Three month zinc on the London Metal Exchange traded at $2,298 a tonne by 0113 GMT, close to $2,314.50 a tonne hit on Aug. 8 which was the most expensive...

  • *Beijing tax evasion clampdown raises demand fears. SINGAPORE, Aug 24- Oil prices fell early on Wednesday as an unexpected build in U.S. crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. International Brent crude oil futures were trading at $49.57 a barrel...

  • *Spot gold was nearly flat at $1,338.20 an ounce at 0059 GMT. *Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from Aug. 25 for an annual meeting in the mountains of Jackson Hole, Wyoming, with Fed chair Janet Yellen due to speak the following day. *Switzerland's gold exports to the United Kingdom hit their highest...

  • *Yellen due to speak at Jackson Hole on Friday. *Muted reaction to North Korea missile news. TOKYO, Aug 24- The dollar edged up on Wednesday, moving off lows touched against the yen overnight, as markets looked to a gathering of global central bankers in Jackson Hole, Wyoming for clues on whether the Federal Reserve is poised to hike interest rates again.

  • HONG KONG, Aug 24- Asian stocks consolidated a recent run of gains on Wednesday, helped by Wall Street's rise overnight, even as oil prices slid on trade data showing a surprise build-up in U.S. crude stocks. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent in early trades. U.S. housing-related stocks jumped 2 percent after the Commerce...

  • MEXICO CITY, Aug 23- Ratings agency Moody's on Tuesday lowered its outlook for Mexico's banking sector to negative for the first time in six years, citing slower economic growth and exposure to cash-strapped state oil company Pemex. Mexico's economy shrank in the second quarter for the first time in three years, dragged down by a slump in industrial output, data...

  • Aug 24- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 24 August United States Sale of 5- year notes 24 August United States Sale of 2- year Floating Rate Notes 24 August Germany Auction of 5- year Federal Note 25 August United States Sale of 7- year...

  • *New phone launched on Aug. 19, well-received by critics. SEOUL, Aug 24- Tech giant Samsung Electronics Co Ltd said on Wednesday stronger-than-expected demand for the new Galaxy Note 7 is causing supply constraints globally, suggesting strong initial sales for the premium device. "Whatever the company gets out of the Note 7 will be a bonus factor, since what the...

  • **JOHANNESBURG- South African Finance Minister Pravin Gordhan take part in a debate on the economy- 1700 GMT. **PRETORIA- South African Reserve Bank Conference on Collaboration for Building Cyber Resilience. Bank of England's Executive Director for Resolution Andrew Gracie to speak- 0615 GMT.

  • Bank of England's Executive Director for Resolution Andrew Gracie to speak- 0615 GMT. JACKSON HOLE, WYOMING, United States- Bank of England's Deputy Governor for Markets and Banking Nemat Shafik to participate in a panel discussion titled "Adapting to Changes in the Financial Market Landscape"- 1450 GMT. FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States-...

  • In this view, Saudi Arabia is increasing output as a warning to rivals that if there is no agreement on a production freeze it has the means to continue raising its output and intensify the pain for all oil exporters. Saudi Arabia may have resorted to volume warfare in the past to encourage agreement on output and punish non-compliance. At least this time around,...

  • SEOUL, Aug 24- Tech giant Samsung Electronics Co Ltd said on Wednesday stronger-than-expected demand for the new Galaxy Note 7 is causing supply constraints globally, suggesting strong initial sales for the premium device.

  • SAN FRANCISCO, Aug 23- The California Assembly on Tuesday passed a bill to extend the state's ambitious program to fight climate change beyond 2020, but minutes later it posted disappointing results from an auction of carbon permits that is key to the plan. The Assembly voted 42 to 29 on the bill, known as SB 32, which goes back to the Senate for an up-or-down...

  • SAN FRANCISCO, Aug 23- Tesla Motors Chief Executive Elon Musk is buying $65 million of bonds from SolarCity Corp in the latest debt offering by the solar panel company that Tesla plans to acquire for $2.6 billion, according to a filing on Tuesday. Musk's purchase of the so-called "solar bonds" comes after money-losing SolarCity last week said it would cut...

  • BUENOS AIRES, Aug 23- Argentine inflation eased further in August, the central bank said on Tuesday when it announced it was cutting its 35- day reference rate for the fourth week in a row, part of an effort by policymakers to pull the economy out of recession. Inflation was 2.0 percent in July, down from 3.1 percent in June and 4.2 percent in May, when the official Indec...

  • ULAANBAATAR, Aug 24- Making money amid Mongolia's deepening economic crisis, currency dealers thronging the black markets of Ulaanbaatar wave wads of American dollars and Chinese yuan, warning desperate customers that foreign banknotes are becoming scarcer by the day. Mongolia's government, elected in a landslide at the end of June, has been plunged into...

  • SINGAPORE, Aug 24- Singapore is working on how to implement a policy to cut off web access for public servants as a defence against potential cyber attack- a move closely watched by critics who say it marks a retreat for a technologically advanced city-state that has trademarked the term "smart nation". Stephen Dane, a Hong Kong- based managing director at...

  • *Chinese firms in running for K-Electric. SINGAPORE/ ISLAMABAD, Aug 24- Chinese state-backed firms are frontrunners to buy a $1.5 billion controlling stake in Pakistani utility K-Electric, sources said, as they bet the benefits of a Beijing- led economic corridor will trump the risks of investing in Pakistan. "The China-Pakistan Economic Corridor is the main...