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Wires

  • BEIJING, July 26- China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets. About 90 percent of China's state-owned firms have already completed such restructuring, which...

  • BEIJING/ SHANGHAI, July 26- China's securities regulator pledged on Wednesday to expand access to capital markets for all types of investors, while encouraging more long-term institutional participation in the financial domain. In a brief report on its website, the China Securities Regulatory Commissions also said it would maintain "normalization" of...

  • July 25- Wall Street's main regulator said on Tuesday that initial coin offerings, a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales. But the Securities and Exchange Commission has said that the tokens can be considered securities, and therefore, may need to be...

  • *MSCI Asia-Pacific index flat, Nikkei rises 0.5 pct. TOKYO, July 26- Asian stocks steadied on Wednesday and the dollar held firm as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans. A statement is expected at 1800 GMT.

  • TOKYO, July 26- Japanese stocks rose on Wednesday as solid gains on Wall Street lifted sentiment, while Caterpillar's brisk earnings whetted investors' appetite for companies such as Komatsu and Hitachi Construction. Japan's construction equipment makers attracted buying, with Komatsu Ltd surging 2.8 percent and Hitachi Construction Machinery Co...

  • July 26- Australia's consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints. Ford refused to provide a refund or replacement vehicle to customers reporting transmission problems that included...

  • MELBOURNE, July 26- London copper climbed on Wednesday to its highest in two years, as momentum from a weaker dollar and hopes that China will further ease its monetary policy helped fuel chart-based buys. * "Fundamentals are fine, but not that vigorous to fuel such a rally," said a source at a China smelter. *Shanghai Futures Exchange copper rallied to its highest in...

  • SYDNEY, July 26- U.S. wheat edged higher on Wednesday after earlier hitting a near one-month low, though gains were curbed by easing fears of tight supplies as a result of recent dry weather. The most active wheat futures on the Chicago Board Of Trade were up 0.5 percent to $4.74-3/ 4 a bushel at 0219 GMT, having earlier fallen to $4.73 a bushel- the lowest since June 29.

  • SYDNEY, July 26- U.S. wheat edged higher on Wednesday after earlier hitting a near one-month low, though gains were curbed by easing fears of tight supplies as a result of recent dry weather. The most active wheat futures on the Chicago Board Of Trade were up 0.5 percent to $4.74-3/ 4 a bushel at 0219 GMT, having earlier fallen to $4.73 a bushel- the lowest since June 29.

  • *Spot gold had dropped 0.1 percent to $1,247.08 per ounce by 0038 GMT. *U.S. Senate Republicans narrowly agreed on Tuesday to open debate on a bill to end Obamacare, but the party's seven-year effort to roll back Democratic President Barack Obama's signature healthcare law still faces significant hurdles. *The U.S. House of Representatives voted overwhelmingly...

  • *Dollar index steady above previous day's 13- month low. SINGAPORE, July 26- The dollar bobbed above a 13- month low against a basket of major currencies on Wednesday, as investors awaited the U.S. There is some focus on the possibility that the Fed could hint at September as the starting date for reducing its balance sheet, said Stephen Innes, head of trading in...

  • SINGAPORE, July 26- Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. Brent crude futures rose 32 cents, or 0.6 percent, to $50.52 a barrel by 0142 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by...

  • SINGAPORE, July 26- Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. Brent crude futures rose 32 cents, or 0.6 percent, to $50.52 a barrel by 0142 GMT, after rallying more than 3 percent on Tuesday. The market has been buoyed by...

  • BEIJING, July 26- China's securities regulator said Wednesday it will regulate and expand access to capital markets for all types of investors, while also encouraging more long-term institutional participation.

  • LOS ANGELES— The caller who rang Valerie Sobel's cellphone had a horrifying message: "We have Simone's finger. In the hours that followed, the kidnappers talked her into wiring $4,000 for ransom. Los Angeles police alone have received more than 250 reports of such crimes in the past two years, and people have wired more than $100,000, said Capt.

  • July 25- Pharmacy benefit manager Express Scripts Holding Co said on Tuesday that a new contract with biggest customer Anthem Inc would be on terms significantly less favorable for the company. Express Scripts spokesman Brian Henry said that the company is no more or less bearish than when it made its regulatory disclosures last quarter.

  • July 26- The Australian consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints. The Australian Competition and Consumer Commission said in a statement that Ford had refused to provide a refund or...

  • *The most active wheat futures on the Chicago Board Of Trade were up 0.2 percent to $4.74-3/ 4 a bushel at 0050 GMT, having earlier fallen to $4.73 a bushel- the lowest since June 29. *The most active soybean futures edged up 0.1 percent to $9.93-3/ 4 a bushel, having earlier hit a low of $9.90-1/ 2 a bushel- the lowest since July 14. *Spring wheat prospects are lower than last...

  • *Spot gold had dropped 0.1 percent to $1,247.08 per ounce by 0038 GMT. *U.S. Senate Republicans narrowly agreed on Tuesday to open debate on a bill to end Obamacare, but the party's seven-year effort to roll back Democratic President Barack Obama's signature healthcare law still faces significant hurdles. *The U.S. House of Representatives voted overwhelmingly...

  • commodities@ MEXICO CITY/ SAO PAULO, July 25- Mexico's stock market hit a fresh record high on Tuesday, boosted by expectations of good earnings, while Brazil's stocks hit a one-month high as commodity price gains lifted shares of local blue-chips Vale SA and Petróleo Brasileiro SA. Mexico's S&P/BMV IPC stock index rose for the third straight session, inching up...