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Wires

  • TOKYO, June 29- Japanese government bonds edged down in thin activity on Thursday, as investors waited for the Bank of Japan to reveal details of its regular bond-purchasing operations for July. The central bank will disclose the details of its buying intentions in each zone for next month on Friday. The Ministry of Finance floated a plan on Wednesday to increase...

  • TOKYO, June 29- Share buy-backs by Japanese companies are sharply down from last year despite rising profits, suggesting that Japan Inc's commitment to raising shareholder returns could be waning. "At high stock price levels, some companies are refraining from buying back their own shares," said Makoto Sengoku, a market analyst at Tokai Tokyo Research Institute.

  • HONG KONG— Asian shares rallied Thursday following Wall Street's rebound as investors regained confidence in the global economic outlook. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.5 percent to 20,220.47 and South Korea's Kospi advanced 0.5 percent to 2,395.12. Benchmarks in Taiwan, Singapore and Thailand also rose.

  • LONDON, June 29- British supermarket Tesco and its takeover target Booker have asked the UK competition regulator to "fast track" examination of their 3.7 billion pounds deal to a more detailed second stage, they said on Thursday. Tesco and the wholesaler Booker announced the cash and shares deal in January and the Competition and Markets Authority formally...

  • *Tokyo weekend election in focus. TOKYO, June 29- Japan's Nikkei share average neared two-year highs on Thursday after Wall Street rebounded, with tech shares such as Advantest Corp and Shin-Etsu Chemical outperforming the overall market. The Nikkei gained 0.45 percent to 20,220.30, moving closer to 20,318.11 hit last week, the highest level since August 2015.

  • LONDON, June 29- Britain's Financial Reporting Council said on Thursday it would investigate PricewaterhouseCoopers LLP's audits of BT Group for 2015 to 2017 after an accounting scandal in the telecoms company's Italian operations.

  • BERLIN, June 28- Finance Minister Wolfgang Schaeuble on Wednesday underscored Germany's concerns about what he called a regulatory loophole after the EU cleared Italy to wind up two failed banks at a hefty cost to local taxpayers. Italy is transferring the good assets of the two Veneto lenders to the nation's biggest retail bank, Intesa Sanpaolo, as part of a...

  • BEIJING, June 29- China denounced a Europol report on Thursday that accused China of being the main source of counterfeit goods in the European Union, calling it "irresponsible" while vowing to continue the crackdown on intellectual property right violations. China remained by far the main country of provenance for counterfeit products in the EU, with Hong Kong...

  • But it is perhaps ironic that while the action on the capacity side of LNG is an Australian and American story, the ultimate controlling player of the emerging global natural gas market is likely to be Europe. This is because Europe is likely to act as a "clearing house" for surplus LNG cargoes, given it has excess re-gasification capacity and the ability to use the...

  • BERLIN, June 29- The mood among German consumers rose to its highest level in almost 16 years heading into July, a survey showed on Thursday, supporting expectations that private consumption will contribute strongly to growth this year. "Consumers believe that the boom in Germany is gaining traction despite global economic risks," Buerkl said. "

  • LONDON, June 29- A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. The Task Force on Climate-Related Financial Disclosures was set up by the G20's Financial Stability...

  • After a seven-year investigation prompted by scores of complaints from rivals, the European Commission hit Google with a record 2.4 billion euro fine for favouring its own shopping service and an order to treat rival services the same way it treats its own products. The European Commission slapped a 497 million euro fine on Microsoft in 2004 and ordered it to...

  • *Value of OPEC output up 10 pct in 2017- Reuters figures. OPEC plus Russia and other non- OPEC producers agreed on May 25 to extend supply cuts to March, after an initial deal to keep them in place for the first half of 2017.. "I expect the gains for OPEC to be higher during the second semester 2017 due to a tight market in the third and fourth quarter, despite an oversupply...

  • MELBOURNE, June 29- London copper punched through a key technical level on Thursday as falling supply and a weaker dollar lifted prices to their highest since April. The U.S. dollar index slid after hawkish comments by the Bank of England added to expectations the European Central Bank would raise rates. Inventories across the sector continue to fall, while the...

  • TOKYO, June 29- Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers. The two have been feuding bitterly over the $18 billion sale, particularly after Toshiba chose a different consortium as it is preferred...

  • Hong Kong shares also rose on bets that the Chinese government would unveil supportive policies as President Xi Jinping visits the former British colony to commemorate the 20th anniversary of Hong Kong's handover to China on July 1. China's blue-chip CSI300 index was up 0.4 percent at 3,659.65 points by the midday break, while the Shanghai Composite Index...

  • FRANKFURT, June 29- Online takeaway food delivery group Delivery Hero priced its initial public offering at the top end of the range, it said on Thursday, meaning the listing is set to raise 996 million euros. The price range had been set at 22.00 to 25.50 euros a share. Meanwhile, New York- based Blue Apron Holdings, the online meal-kit company that is targeting...

  • SAN FRANCISCO, June 29- Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. What's at stake is a piece of the $37- billion cockpit electronics market, estimated by research firm IHS Market to nearly double to $62 billion by 2022. Meanwhile, the number of suppliers for those components is likely to dwindle as...

  • WASHINGTON, June 29- President Donald Trump and South Korean President Moon Jae- in may present a unified front over North Korea at the White House on Thursday and Friday, but tension over trade could puncture their effort to strengthen the U.S.- South Korea relationship. Moon, making his first trip to the United States since becoming his country's leader, will...

  • *Poland hopes for reassurance on NATO, investment. WARSAW, June 29- A trip to Poland by U.S. Trump visits Poland for one day- en route to a G20 summit in Hamburg, Germany- to take part in a gathering of leaders from central Europe, Baltic states and the Balkans, an event convened by Poland to bolster regional trade and infrastructure.