Wires

  • Shares of Bristol, which closed at $55.49 on the New York Stock Exchange, were down 6.2 percent at $52.08 after hours. The pharmaceutical company cited "a review of data available at this time" for the decision to hold off on filing for Food and Drug Administration approval of the combination of its cancer drugs Opdivo and Yervoy. Merck said the FDA would decide by...

  • SHANGHAI, Jan 20- Short-term funding costs in China fell sharply on Friday after the central bank pumped a record amount of liquidity into the markets, in an apparent attempt to avert a cash crunch ahead of the week-long Lunar New Year holiday. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found...

  • TAIPEI, Jan 20- Taiwan stocks rebounded on Friday, though market sentiment remained cautious ahead of U.S. President-elect Donald Trump's inauguration, paced by gains in technology shares. The Taiwan dollar firmed T $0.117 to T $31.506 per U.S. dollar.

  • TOKYO, Jan 20- Japan's Nikkei share average wobbled in a small range on Friday, on track for a weekly loss, as investors braced for a change of power in the United States with the inauguration of President-elect Donald Trump. With Trump taking office, "some investors are waiting to see what the market impact will be, and if he will fulfil some of the expectations," said...

  • SYDNEY, Jan 20- U.S. soybeans edged down on Friday, continuing their retreat from a six-month high touched earlier in the week, but the oilseed was headed for a weekly gain of more than 1.5 percent on concerns over potential crop damage in Argentina. *Soybeans draw support from the threat of rain damage to crops in Argentina, a major exporter of soybeans and the top...

  • BEIJING, Jan 20- China's December coal output rose 1 percent from November to hit its highest level in a year, as miners ramped up output to meet government orders amid increased demand from utilities during the cold winter months, data showed on Friday. Notching up a third straight monthly increase, miners produced 311 million tonnes of coal, the National Bureau...

  • BEIJING, Jan 20- China's debt levels are manageable, the statistics bureau said on Friday. Ning Jizhe, head of the National Statistics Bureau, made the comment in a news conference in Beijing. China's corporate debt has climbed to 169 percent of GDP and international institutions have repeatedly urged Beijing to act quickly to tackle the problem in order to avoid...

  • SEOUL, South Korea— Samsung Electronics said Friday it will announce on Jan. 23 the reason why its Galaxy Note 7 smartphones overheated and caught fire. Koh Dong- jin, Samsung's mobile president, will give details of the probe. The announcement comes after a South Korean court dismissed on Thursday a request by prosecutors to arrest Samsung Vice Chairman Lee...

  • BEIJING, Jan 20- China's real estate investment rose 6.9 percent in 2016, official data showed on Friday, as national sales posted their strongest annual growth in seven years thanks to a furious property boom in top tier cities. Real estate investment, which directly affects about 40 other business sectors in China, is considered to be a crucial driver for the...

  • *Asia ex- Japan stocks down; Nikkei flat. *China 4 Q GDP data tops expectations, aids mainland stocks. President-elect Donald Trump's inauguration, even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.

  • risks loom@ BEIJING, Jan 20- Boosted by higher government spending and record bank lending, China's economy grew by a faster-than-expected 6.8 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent 2017. Economists polled by Reuters had expected China would report 6.7 percent growth for both the fourth quarter...

  • JUNEAU, Alaska— The state of Alaska has opened an office in Tokyo to help promote trade and advance a long hoped-for natural gas pipeline project. The office and the hiring of Masatoshi Nick Shiratori to direct it was only announced to companies doing business with the state on Jan. 12. Alaska faces a multibillion dollar budget deficit because of chronically low...

  • WASHINGTON/ NEW YORK, Jan 19- David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve's top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday. In 2008, Nason was a deputy to Treasury Secretary Henry Paulson as U.S....

  • BEIJING, Jan 20- China's fixed-asset investment rose 8.1 percent in 2016, less than expected and the slowest annual pace since 1999.. China's economy has stabilised in recent months on the back of increased government spending and a property rebound, but private investment remains weak. China's economy grew 6.8 percent in the fourth quarter from a year...

  • BEIJING, Jan 20- China's December coal output rose 1 percent from November to hit its highest level in a year, as miners cranked out more product to meet government orders amid increased demand from utilities during the cold winter months, data showed on Friday. Notching up a third straight monthly increase, miners produced 311 million tonnes of coal, the National...

  • TOKYO, Jan 20- Japan's minister for economy, trade and industry, Hiroshige Seko, said on Friday a rescue plan for embattled conglomerate Toshiba Corp was not under consideration at his ministry. Seko told reporters after a cabinet meeting that he would closely monitor the steps taken by Toshiba's management. Toshiba is under pressure to come up with cash as it...

  • BEIJING, Jan 20- China's fixed-asset investment rose 8.1 percent in 2016, less than expected and the slowest annual pace since 1999.. China's economy has stabilized in recent months on the back of increased government spending and a property rebound, but private investment remains weak. China's economy grew 6.8 percent in the fourth quarter from a year...

  • BEIJING, Jan 20- China's real estate investment rose 6.9 percent in 2016, official data showed on Friday, as national sales posted their strongest annual growth in seven years thanks to a furious property boom in top tier cities. China's economy expanded 6.7 percent in 2016, meeting expectations, official data showed on Friday. Property sales, measured by floor...

  • BEIJING— China's economic growth accelerated slightly in the final quarter of 2016, shored up by government spending and booming real estate sales, but its full-year performance still was the weakest in nearly three decades. The world's second-largest economy expanded by 6.8 percent over a year earlier in the three months ending in December, up from the...