Wires

  • Yingluck believed that Thailand could unilaterally raise the price of rice to overseas buyers given its status as the world's largest exporter of the grain that is the staple food for about two-thirds of the world's population. All she succeeded in doing was encouraging India to start exporting its massive surplus, as well as delivering market share to...

  • TOKYO, Aug 30- Japanese Chief Cabinet Secretary Yoshihide Suga said on Tuesday the government is watching market moves carefully and is ready to respond "appropriately," when asked whether Tokyo could intervene in the currency market to stem excessive yen rises. "The Ministry of Finance, the Financial Services Agency and the BOJ now hold regular meetings on...

  • SINGAPORE, Aug 30- Singapore Exchange is set to allow listings of companies with different classes of shares as it looks to attract initial public offerings, sparking criticism from investors. In a report issued late on Monday, SGX's Listings Advisory Committee gave the bourse the green light to allow companies to list with dual-class share structures.

  • SINGAPORE, Aug 30- Singapore Exchange is set to allow listings of companies with different classes of shares as it looks to attract initial public offerings, sparking criticism from investors. In a report issued late on Monday, SGX's Listings Advisory Committee gave the bourse the green light to allow companies to list with dual-class share structures.

  • SHANGHAI, Aug 30- China's yuan rebounded from the prior session's six-week low on Tuesday as a dollar rally lost momentum on renewed doubts of a near term rate rise by the U.S. "Investors here had expected the dollar to stage a solid uptrend after Yellen's speech," said a trader at a Chinese commercial bank in Shanghai. In Shanghai, the People's Bank of China set the...

  • NORTH SMITHFIELD, R.I.— Even as Rhode Island makes history as the first U.S. state with an offshore wind farm, its people are not so fond of wind turbines sprouting up on land near where they live. Ruth Pacheco said she didn't expect so much hostility when she invited a developer to build a giant wind turbine atop a forested hill at her 52- acre family farm in rural North...

  • TOKYO, Aug 30- Japanese Chief Cabinet Secretary Yoshihide Suga said on Tuesday the government is watching market moves carefully and is ready to respond "appropriately," when asked whether Tokyo could intervene in the currency market to stem excessive yen rises. "The Ministry of Finance, the Financial Services Agency and the Bank of Japan now hold regular...

  • SHANGHAI, Aug 30- China banking shares rebounded on Tuesday, shaking off generally weak earnings reports and concerns about bad loans, but selling in transportation stocks left major indexes little changed. China's markets have struggled to make headway amid growing perceptions that the central bank is in no hurry to ease policy soon, for fear of adding to...

  • *Technicals see spot gold hitting $1,308. Spot gold was little changed at $1,323 per ounce at 0407 GMT. U.S. gold futures were flat at $1,326.90 Federal Reserve Chair Janet Yellen said on Friday the case for "an increase" in the policy rate has strengthened in recent months due to improvements in the labor market and expectations for solid economic growth.

  • BELO HORIZONTE/ RIO DE JANEIRO, Aug 29- The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil's worst-ever environmental disaster showed on Monday. Norbert Morgenstern, a geotechnical engineering professor who headed the investigation, repeatedly...

  • *Wheat prices may have hit bottom around $4 a bushel. SINGAPORE, Aug 30- U.S. wheat futures rose for the first time in seven days on Tuesday, underpinned by bargain-buying after the market tumbled to a 10- year low in the previous session. Chicago Board of Trade most-active wheat contract gained 0.4 percent to $3.98-3/ 4 a bushel by 0229 GMT, after hitting its lowest...

  • *Asia shares ex- Japan rally 0.4 pct in thin trade. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, recouping around half of Monday's loss. Stocks in South Korea added 0.7 percent and Australia 0.4 percent.

  • MELBOURNE, Aug 30- London copper edged up from a nine-week low on Tuesday after falling for the last six sessions in a row, as the market waits on U.S. non-farm payrolls data later this week for further clues on the timing of any U.S. rate hike. It's being battered by some quite conflicting data, then you've got the Fed and expectations around the rate hike starting to...

  • TOKYO, Aug 30- Japan's Nikkei share average treaded water on Tuesday, with momentum from the previous day's rally stalling as the yen's extensive retreat halted for the time being. The markets' focus has now shifted to Friday's U.S. non-farm payrolls report and its impact on Fed policy, currencies and Wall Street shares. Tokyo's banking and securities subindexes...

  • SYDNEY, Aug 30- U.S. wheat edged higher for the first time in seven sessions on Tuesday to ease away from a near-decade low, but gains were checked by ample global supply and an uncertain outlook for demand from top buyer Egypt. *The most active wheat futures on the Chicago Board of Trade rose 0.38 percent to $3.98-1/ 2 a bushel. *Egypt, the world's biggest wheat importer,...

  • WASHINGTON, Aug 29- The Pentagon has ordered a review of the USS Gerald R. Ford aircraft carrier, which is under construction and due to be delivered in November, a Defense Department spokesman said on Monday. A Pentagon spokesman confirmed to Reuters that Kendall had ordered the review. "We want to be sure we all have the same accurate picture of the reliability and...

  • WASHINGTON, Aug 29- The Pentagon has ordered a review of the USS Gerald R. Ford aircraft carrier, which is under construction and due to be delivered in November, a Defense Department spokesman said on Monday. A Pentagon spokesman confirmed to Reuters that Kendall had ordered the review. "We want to be sure we all have the same accurate picture of the reliability and...

  • BELO HORIZONTE/ RIO DE JANEIRO, Aug 29- The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil's worst-ever environmental disaster showed on Monday. Norbert Morgenstern, a geotechnical engineering professor who headed the investigation, repeatedly...

  • "There's a feeling that the OPEC production freeze talks might result in something positive, but it's just talk," said Robert Nunan, risk management director at Mitsubishi Corporation. "Either way, despite some increases in Saudi Arabia and Iraq, OPEC production seems to be flattening with the outages in Libya, Nigeria and Venezuela, knocking out about some 3...

  • *Spot gold was little changed at $1,323.26 per ounce at 0116 GMT. The metal had recovered from a near five-week low of $1,314.70 after a dollar run lost some steam late Monday. *Federal Reserve Chair Janet Yellen said on Friday the case for "an increase" in the policy rate has strengthened in recent months due to improvements in the labor market and expectations for...