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Wires

  • The delay put the future of a longtime top Republican priority in doubt amid concerns about the Senate bill from both moderate and conservative Republicans. With Democrats united in their opposition, Republicans can afford to lose only two votes among their own ranks in the Senate. At the White House meeting with most of the 52 Republican senators, Trump said it...

  • SINGAPORE, June 28- The euro hit a 10- month high on Wednesday after the European Central Bank chief hinted the days of the ECB's aggressive stimulus are numbered, and as the dollar was pressured after a vote on U.S. healthcare legislation was delayed. The euro edged up 0.1 percent to $1.1345, having hit a high of around $1.1355 earlier on Wednesday, its strongest...

  • DUBAI, June 28- Gulf Arab states are considering fresh sanctions on Qatar and could ask their trading partners to choose between working with them or Doha, the United Arab Emirates ambassador to Russia said in an interview with The Guardian newspaper. The UAE, Saudi Arabia and Bahrain severed diplomatic and travel ties with Qatar this month, accusing it of...

  • SHANGHAI, June 28- China's share market was steady on Wednesday morning, with an index tracking the country's top 50 stocks poised to scale its highest level in nearly two years thanks to stepped up foreign demand for Chinese blue-chips since the MSCI inclusion last week. China's blue-chips CSI300 index dipped 0.1 percent, to 3,671.24 points by the lunch break,...

  • NEW YORK, June 28- U.S. pipeline operators are selling their underused space at steep discounts to keep crude flowing- angering shippers and distorting an already opaque market for oil trading. around the United States every day. "If I were a producer with a long-term contract, I would be very unhappy at the present time, said Rick Smead, managing director of advisory...

  • BOE'S CUNLIFFE- INFLATION FROM STERLING GIVES BOE A MORE DIFFICULT TRADE-OFF TO MAKE.

  • BOE'S CUNLIFFE- DOMESTIC INFLATION PRESSURE DATA GIVES US TIME TO SEE HOW IT EVOLVES.

  • BOE'S CUNLIFFE- LESSON FROM LAST FEW YEARS IS THAT UK ECONOMY HASN'T GENERATED MUCH INFLATION PRESSURE.

  • SHANGHAI, June 28- China's yuan on Wednesday extended the previous day's gain against the U.S. dollar, which traders attributed to a significantly firmer midpoint setting and support from major state-owned banks. Prior to market opening, the People's Bank of China set the yuan midpoint at 6.8053 per dollar, lifting it 239 pips from Tuesday's fixing to the...

  • CLEVELAND— Vice President Mike Pence is scheduled to visit suburban Cleveland on Wednesday to meet with small business owners. The White House says Pence will hear from business owners and their employees at Tendon Manufacturing Inc. The vice president also is expected to make formal remarks at the metal fabrication company. The White House says Pence will...

  • HONG KONG— A global stock market sell-off pulled shares lower in Asia on Wednesday as investors grew cautious following losses on Wall Street sparked by a delayed health care vote. Sentiment was dented in Europe by speculation that European Central Bank stimulus may be wound down if conditions improve. CENTRAL BANKING: European Central Bank President Mario...

  • PARIS— A new, highly virulent strain of malicious software that is crippling computers globally appears to have been sown in Ukraine, where it badly hobbled much of the government and private sector on the eve of a holiday celebrating a post-Soviet constitution. Ukraine and Russia appeared hardest hit. The virus' pace appeared to slow by Wednesday, in part...

  • BENGALURU, June 28- Gold prices firmed on Wednesday as the dollar struggled and shares weakened after a vote on U.S. healthcare reforms was postponed and European Central Bank President Mario Draghi hinted the ECB could trim its stimulus this year. Asian shares slumped on Wednesday after Wall Street was knocked hard as U.S. Senate Republican leaders delayed a...

  • *USDA pegs condition of crop below market expectations. The most active wheat futures on the Chicago Board of Trade had risen 0.5 percent to $4.71-1/ 4 a bushel by 0337 GMT, having closed up 0.75 percent on Tuesday. "A USDA report suggested significant chunks of the U.S. and, condition," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of...

  • Topping the Chronicle's salary ranking was Arizona State University's president, Michael Crow, who received almost $1.6 million last year. Arizona State officials noted that Crow's retention bonus was a one-time payment and that he was eligible for an additional $900,000 that instead went to the university's Public Service Academy.

  • *Vitol expects crude at $40- $55 a barrel next few quarters. The U.S. inventory gains show global supplies are still ample despite the effort by the Organization of the Petroleum Exporting Countries to cut output by 1.8 million barrels per day between January 2017 and March 2018. Ian Taylor, head of the world's largest independent oil trader Vitol, says Brent crude...

  • BEIJING, June 28- The United States hopes that more varieties of its genetically modified corn will be approved for import by Beijing, the U.S. ambassador to China said on Wednesday. "We are hopeful that other... corn traits can also be approved," said Terry Branstad, who arrived in Beijing on Tuesday to take up his post. China does not permit the planting of genetically...

  • MELBOURNE, June 28- London copper slipped on Wednesday from near three-month highs hit the previous session, as prices consolidated alongside a weaker dollar and amid concerns over Chinese demand in a tighter credit enviroment. *London Metal Exchange copper slipped by 0.3 percent to $5,842 a tonne by 0230 GMT, following 1.1 percent gains in the previous...

  • Tokyo- based Toshiba had hoped to have an agreement in time for Wednesday's shareholders meeting, being held in a city east of Tokyo. The consortium led by government-backed Innovation Network Corp. of Japan includes Bain Capital Private Equity LP and the Development Bank of Japan. It is facing opposition to the deal from Western Digital of the U.S., which has a...

  • "Yellen's comment is supporting Japanese financial stocks today, and for the long-term, Japanese stocks are on the rising trend supported by U.S.-led global economic recovery," said Mutsumi Kagawa, chief global strategist at Rakuten Securities. Traders said overall sentiment was subdued as investors remain cautious after a healthcare bill was delayed in...