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Wires

  • *Oil rebound continues as support near $40 in WTI holds. Spread-betters expect Britain's FTSE to open 0.1 percent higher and Germany's DAX and France's CAC to start almost flat. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4 percent as tech counters led gains in Korean and Taiwanese shares to record highs and 27- year highs...

  • SEOUL, June 26- Oil prices rose 1 percent early on Monday on a weaker dollar, but an increase in U.S. drilling activity stoked worries that a global supply glut will persist despite an OPEC- led effort to curb output. Global benchmark Brent crude futures were trading up 45 cents, or 1.0 percent, at $45.99 per barrel at 0623 GMT. I suspect short covering, "said Ric Spooner,...

  • MILAN, June 26- Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff. Italy began winding up the two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros...

  • LAUNCESTON, Australia, June 26- Here's a question for the anti-coal lobby. Rio's mines in the Hunter Valley north of Sydney are attractive to both Glencore and China's Yancoal because they are likely to be profitable for the remaining life of the pits, which is expected to be around 20 years. They also have existing customers for the high quality thermal coal used...

  • June 26- Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday. The social networking giant has indicated that it was willing to commit to production budgets as high as $3 million per episode, in meetings with Hollywood...

  • *Israel faces shortage of 10,000 programmers, engineers. *Israel improving visa access for foreign workers. TEL AVIV, June 26- When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.

  • *Israel faces shortage of 10,000 programmers, engineers. *Israel improving visa access for foreign workers. TEL AVIV, June 26- When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.

  • *Israel faces shortage of 10,000 programmers, engineers. *Israel improving visa access for foreign workers. TEL AVIV, June 26- When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.

  • *Israel faces shortage of 10,000 programmers, engineers. *Israel improving visa access for foreign workers. TEL AVIV, June 26- When Alexey Chalimov founded software design firm Eastern Peak in Israel four years ago he knew he would not find the developers he needed at home.

  • BENGALURU, June 26- Gold prices edged lower on Monday as investors remained cautious ahead of a flurry of U.S. data due this week, with firmer Asian stocks also weighing on the market. There's certainly some expectations of disappointing data and also a more dovish Fed, that could keep gold prices elevated, "ANZ analyst Daniel Hynes said. Spot gold fell 0.2 percent to...

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • *Spot gold was nearly flat at $1,256.06 per ounce at 0050 GMT, staying near a one-week high hit on Friday. *Britain's Brexit minister David Davis said on Sunday he was "pretty sure" he could negotiate a good deal to leave the European Union, something that would require a transitional arrangement for around one or two years. *China's top banking regulator has told...

  • SYDNEY, June 26- A recent slowdown in U.S. inflation was mainly due to one-off factors and should not prevent further increases in interest rates, a top U.S. central banker said on Monday. Speaking to reporters before a speech in Sydney, San Francisco Federal Reserve Bank President John Williams said three rate rises this year and three to four next year would be...

  • SHANGHAI, June 26- China's yuan is set to weaken for the eighth consecutive session against the U.S. dollar on Monday despite a firmer midpoint set by China's central bank. The People's Bank of China set the midpoint rate at 6.822 per dollar prior to market open, firmer than the previous fix 6.8238. In emerging Asia, by contrast, the bias remains for easing, " Frederic...

  • UNEMPLOYMENT FALLING FURTHER, REMAINING A LITTLE ABOVE 4 PCT THROUGH NEXT YEAR.

  • WILLIAMS SAYS HE EXPECTS FED TO START SHRINKING BALANCE SHEET THIS YEAR.

  • WILLIAMS SAYS LAST THING FED WANTS TO DO IS CAUSE UNNECESSARY VOLATILITY.

  • FED'S WILLIAMS SEES U.S. INFLATION REACHING 2-PCT GOAL NEXT YEAR.

  • SYDNEY, June 26- With the U.S. economy at full employment and inflation set to hit the Federal Reserve's 2- percent target next year, the U.S. central bank needs to keep raising rates gradually to keep the economy on an even keel, a Fed policymaker said Monday. "If we delay too long, the economy will eventually overheat, causing inflation or some other problem," San...

  • President Donald Trump and Indian Prime Minister Narendra Modi will hold their first face-to-face meeting in Washington on Monday, seeking to boost U.S.-Indian relations despite differences over trade, the Paris climate accord and immigration. Their White House session promises less pomp than Modi's previous visits to Washington, which included former...