×

Wires

  • SEOUL, May 25- Following is the full text of the statement released by the Bank of Korea in English after the central bank kept interest rates unchanged at on Thursday. "The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.25 percent for the intermeeting period." "Based on currently available information the Board...

  • SHANGHAI, May 25- The decision by Moody's Investors Service to downgrade China's credit rating is "illogical" and overstates the levels of government debt, a commerce ministry researcher said in an editorial in the official People's Daily newspaper on Thursday. Mei Xinyu, a researcher at China's Ministry of Commerce, wrote in a front page editorial of the...

  • SYDNEY, May 25- U.S. wheat edged higher on Thursday to extend two-day gains to nearly 1 percent as investors covered short positions, but easing concerns about the state of U.S. crops dragged. *The most active wheat futures on the Chicago Board of Trade rose 0.23 percent to $4.33-1/ 2 a bushel, having closed up a touch on Wednesday. *Oil prices retreated slightly on...

  • BEIJING, May 25- The International Monetary Fund said on Thursday it approved a three-year financial arrangement of about $434.3 million to support Mongolia's economic reform programme. The IMF said in a statement that Mongolia was hit hard by the sharp decline of commodity prices and the slowdown in key export markets, and the government is therefore...

  • May 24- Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is "a serious policy outcome miss." While the U.S. economy, now at 4.4 percent unemployment, has returned to "essentially" full employment,...

  • SYDNEY, May 25- Copper was trading flat on Thursday, steadying a day after dropping on concerns that slowing economic growth in China could hit demand from the world's top metals consumer. *SHFE COPPER: The most-traded copper contract on the Shanghai Futures Exchange gained 0.11 percent to 45,920 yuan a tonne. *UNPREDICTABLE GOLD: London's gold benchmark...

  • SEOUL, May 25- South Korea's central bank kept interest rates unchanged for a 11th straight month on Thursday, opting for stability in its first policy review since President Moon Jae- in's inauguration. The Bank of Korea's monetary policy committee held its base rate steady at 1.25 percent, a media official said without elaborating. "The BOK will stay on hold...

  • *OPEC, other producers meet on Thursday to discuss output cut. *Rising U.S. production threatens to undermine OPEC- led cuts. SINGAPORE, May 25- Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this...

  • *Spot gold was down 0.1 percent at $1,256.61 per ounce by 0053 GMT. *U.S. gold futures were up 0.3 percent at $1,256.8 an ounce. *London's gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion- a-year bullion market, according to a Reuters analysis of trading data.

  • SEOUL, May 25- South Korea's central bank kept interest rates unchanged for an 11th straight month on Thursday, in wait-and-see mode with a new president still formulating his administration's policy direction. The Bank of Korea's monetary policy committee held its base rate steady at 1.25 percent, a media official said without elaborating.

  • SEOUL, May 25- South Korea's central bank kept interest rates unchanged for a 11th straight month on Thursday, opting for stability in its first policy review since President Moon Jae- in's inauguration. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:. June 9, 2016 Down 25 bp to...

  • CARACAS, May 24- Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. Most Venezuela say they cannot get access to official exchange rates anyway and so must go to the black market, on which the bolivar...

  • WASHINGTON, May 24- A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday. The Congressional Budget Office, a non-partisan group of experts who analyze...

  • WASHINGTON, May 24- A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday. The Congressional Budget Office, a non-partisan group of experts who analyze...

  • HONG KONG, May 25- Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years. The U.S. ratings agency downgraded Hong Kong's rating to Aa2 from Aa1 and said credit trends in China will continue to have a significant impact on Hong Kong's credit...

  • TOKYO, May 25- Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent, with South Korea leading with a 0.4 percent rise.. Japan's Nikkei dipped 0.1 percent though MSCI Japan rose 0.4 percent in dollar terms.

  • TOKYO, May 25- The dollar was on the defensive early on Thursday after minutes of the latest Federal Reserve policy meeting were not as hawkish as anticipated, while the euro edged back up towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and took the wind out an earlier bounce by the dollar, which had...

  • CALGARY, Alberta, May 24- Canadian equity markets risk being swamped with oil sands company shares this year as Royal Dutch Shell and ConocoPhillips prepare to offload C $6.8 billion worth of stakes in two domestic producers, just months after acquiring them. Sources told Reuters on Tuesday that Shell has decided to sell its C $4.1 billion stake in CNRL while...

  • SAN FRANCISCO, May 24- A California- based workers advocacy group released a report on Wednesday saying that Tesla Inc data showed its workers have been injured at a rate a third higher than the auto industry average. Worksafe made the analysis after being approached by the United Auto Workers, the Detroit- based union that has been talking to Tesla employees...

  • 1- Jun Spain Bond auction 1- Jun Japan 3- month discount bill auction 1- Jun Japan Auction of 10- year government bonds 5- Jun France Auction of BTF Treasury notes 6- Jun United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022. 6- Jun Netherlands DTC auction 6- Jun Japan Auction of 30- year government bonds 7- Jun Germany Auction of 5- year Federal notes 7- Jun Sweden...