Wires

  • JAKARTA, Indonesia— An international tribunal has ruled against a London- listed mining company seeking $1.3 billion in compensation from Indonesia's government for terminating coal mining licenses that were forged by an Indonesian business partner. The World Bank-affiliated International Centre for Settlement of Investment Disputes ruled earlier...

  • *OPEC wants to persuade non-members to cut output. TOKYO, Dec 9- Oil prices extended gains on Friday on optimism that non- OPEC producers would agree to cut output following a cartel agreement to limit production, but the upside was limited amid uncertainty over the size of the production curbs. The Organization of the Petroleum Exporting Countries will meet non-...

  • MOSCOW, Dec 9- The U.S. government is to check if sanctions where violated when Russia this week struck a deal to sell a stake in oil producer Rosneft to a consortium of Qatar's sovereign fund and commodities trader Glencore, the White House said. "The experts at the Department of Treasury that are responsible for constructing and enforcing the sanctions regime...

  • TOKYO, Dec 9- Japanese stocks rose to their highest level in a year on Friday, supported by Wall Street gains and solid buying of exporters on the back of a weaker yen. The benchmark Nikkei gained 1.2 percent to 18,996.37, the highest closing level since December 2015. The index rose 3.1 percent on the week for its fifth straight weekly gain.

  • BEIJING, Dec 9- China's Ministry of Commerce criticized the United States on Friday for thwarting a Chinese investment fund's proposed acquisition of German semiconductor equipment maker Aixtron. Aixtron announced on Thursday that China's Fujian Grand Chip Investment Fund had dropped its 670 million euro takeover offer to buy the company, after the...

  • GRAND RAPIDS, Mich./ WASHINGTON, Dec 9- When President-elect Donald Trump returns to this factory town on Friday for a victory celebration, he will find a region that is already experiencing the manufacturing renaissance he promised on the campaign trail. Trump won the White House thanks to strong support from workers in Midwestern cities like Grand Rapids who...

  • GRAND RAPIDS, Mich./ WASHINGTON, Dec 9- When President-elect Donald Trump returns to this factory town on Friday for a victory celebration, he will find a region that is already experiencing the manufacturing renaissance he promised on the campaign trail. Trump won the White House thanks to strong support from workers in Midwestern cities like Grand Rapids who...

  • TOKYO— Japanese Prime Minister Shinzo Abe won parliamentary approval Friday for ratification of the Trans-Pacific Partnership, despite U.S. Japan's ratification still requires Cabinet approval of needed regulatory revisions. The agreement between the dozen members requires both the U.S. and Japan to join to attain the required 85 percent of the group's...

  • TOKYO, Dec 9- Japan on Friday ratified the Trans-Pacific Partnership, a free-trade pact aimed at linking a dozen Pacific Rim nations, hoping it will one day take effect despite President-elect Donald Trump's pledge that the United States will withdraw from it. The TPP, which aims to cut trade barriers in some of Asia's fastest-growing economies but does not...

  • TOKYO, Dec 9- The benchmark Japanese government bond yield hit a 10- month high on Friday as the super long maturities slumped following the previous day's 30- year debt auction. Japan's finance ministry had sold 800 billion yen of 30- year JGBs on Thursday. Turbulence in the eurozone bond market following the European Central Bank's policy decision on...

  • *China Nov producer prices rise at fastest pace since Oct 2011. BEIJING, Dec 9- China's producer prices rose at the fastest pace in more than five years in November as prices of coal, steel and other building materials soared, boosting industrial profits and giving firms more cash flow to pay off mountains of debt. The stronger-than-expected 3.3 percent surge in...

  • TOKYO/ SYDNEY, Dec 9- Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank's decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. President-elect Donald Trump adopting...

  • *Casino shares slump on reports saying Macau cash withdrawal change. SHANGHAI, Dec 9- Hong Kong stocks slipped on Friday morning, despite overnight strength in U.S. and European stocks, with sentiment soured by a slump in casino shares after reports Macau had put a limit on ATM cash withdrawals. Steven Leung, director at UOB Kay Hian in Hong Kong, said Friday's...

  • TOKYO, Dec 9- Japan's economy could face pressure from U.S President-elect Donald Trump's plan to withdraw the United States from a multinational trade deal and on any protectionism during the New York billionaire' s term of office, a Reuters poll of analysts showed. Thirty of 33 analysts in the Reuters poll said Trump's plans to withdraw the United States from...

  • *Casino shares slump on reports saying Macau cash withdrawal change. SHANGHAI, Dec 9- Hong Kong stocks slipped on Friday morning, despite overnight strength in U.S. and European stocks, with sentiment soured by a slump in casino shares after reports Macau had put a limit on ATM cash withdrawals. Steven Leung, director at UOB Kay Hian in Hong Kong, said Friday's...

  • SHANGHAI, Dec 9- Chinese state banks jumped in to stem yuan weakness on Friday morning after the U.S. dollar rose broadly, but the currency remained vulnerable in the face of a relentlessly rising greenback amid expectations of higher U.S. interest rates. The yuan touched 6.9000 per dollar in early trade after the People's Bank of China lowered its midpoint the...

  • UPDATE 2-Maersk, Hyundai Merchant Marine alliance talks in doubt.

  • COPENHAGEN/ SEOUL, Dec 9- Maersk Line, part of A.P. Moller-Maersk, said Hyundai Merchant Marine Co Ltd is no longer under consideration to join the 2 M vessel-sharing alliance, sending the indebted South Korean firm's shares sharply lower. The world's two largest container shippers, Maersk Line and Mediterranean Shipping Co, have been in talks with Hyundai since...

  • *OPEC wants to persuade non-members to cut output. TOKYO, Dec 9- Oil prices were steady on Friday, holding around 2- percent gains from the previous session on optimism that non- OPEC producers might agree to cut output following a cartel agreement to limit production. Russia has so far said it would cut 300,000 barrels per day, meaning other non- OPEC producers...

  • TAIPEI, Dec 9- Taiwan stocks were slightly higher on Friday amid profit-booking after the index rose for three straight sessions to close at its highest level in nearly seven weeks. The main TAIEX index was up 0.1 percent at 9,380.79 as of 0349 GMT, after rising 1.2 percent on Thursday to post its highest close since Oct. 25. The Taiwan dollar softened T $0.086 to T...