Wires

  • JACKSON HOLE, Wyoming, Aug 25- While markets wait for Janet Yellen's latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed's other four Washington- based governors...

  • TOKYO/ BENGALURU, Aug 25- A majority of economists expects the Bank of Japan will ease policy further next month, a Reuters poll found, while many respondents suspect a change in its inflation target terminology is likely. BOJ Governor Haruhiko Kuroda was quoted on Saturday saying that negative interest rate policy had not reached its limits and the central bank...

  • WASHINGTON, Aug 25- Wells Fargo, Advanced Micro Devices and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws. A SEC spokeswoman declined to comment. Since 2015, the SEC has brought four cases targeting specific types of so-called...

  • *Spot gold might test $1,308- technicals. Aug 25- Gold on Thursday held slightly above a four-week low touched in the previous session as the dollar lost some strength ahead of a speech by Federal Reserve Chair Janet Yellen that may yield clues on U.S. interest rate policy. Spot gold was up 0.2 percent at $1,325.50 an ounce at 0348 GMT.

  • *Honda starts orders for NSX in Japan after U.S. launch. TOKYO, Aug 25- With its aggressive design and six-figure price tag, Honda Motor Co's revamped NSX is a far cry from its "cheap and cheerful" Civic sedans, but the automaker is betting the sportscar launched in Japan on Thursday will turbo-charge its brand image. Starting at 23.7 million yen, the bespoke hybrid...

  • SINGAPORE, Aug 25- Crude prices dipped on Thursday as brimming U.S. and Asian fuel inventories returned investor attention to a large global supply overhang, cutting short a price-rally and restricting Brent crude futures to below the $50 a barrel mark. "Brent also came under pressure after Iraq said it still isn't producing as much oil as it should be, raising...

  • SHANGHAI, Aug 25- China's yuan firmed on Thursday, underpinned by a modest pullback in the dollar index in Asian morning trade though activity remained subdued. Trading was cautious ahead of the global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen's speech on Friday may offer fresh clues on U.S. monetary policy...

  • NEW YORK, Aug 25- If your kids' college savings are not walled off in some kind of separate account, how do you keep yourself from raiding the kitty? Stephanie Sadural Heincker is one mom who does not trust herself: she has an automatic deduction from each paycheck go into 529 college savings plans for her two- and four-year-old. "This is the least I can do to try to smooth...

  • AMATRICE, Italy— Rescue crews using bulldozers and their bare hands raced to dig out survivors Thursday from a strong earthquake that reduced three central Italian towns to rubble. The magnitude 6.2 quake struck at 3:36 a.m. on Wednesday and was felt across a broad swath of central Italy, including Rome, where residents woke to a long swaying followed by...

  • NEW YORK, Aug 25- If your kids' college savings are not walled off in some kind of separate account, how do you keep yourself from raiding the kitty? Stephanie Sadural Heincker is one mom who does not trust herself: she has an automatic deduction from each paycheck go into 529 college savings plans for her two- and four-year-old. "This is the least I can do to try to smooth...

  • HONG KONG, Aug 25- Activists who have advocated independence for Hong Kong say they have been harassed or followed by pro-China local newspapers in recent months, while Beijing has stepped up its rhetoric against what it calls the "dangerous absurdity" of independence. Beijing's refusal to grant full democracy to Hong Kong, which mostly runs its own affairs...

  • SHANGHAI, Aug 25- China's central bank has urged banks to spread out the tenors of their loans, hinting at its displeasure with a recent trend of banks focusing on overnight lending, banking sources told Reuters on Thursday. Imbalances in China's financial system are increasing as the economy slows, complicating challenges facing policymakers as they try to...

  • *MSCI Asia-Pacific index up 0.2 pct, Taiwan gains. HONG KONG, Aug 25- Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the greenback held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. Japan's Nikkei was down 0.3 percent, pressured by losses on...

  • JAKARTA, Indonesia— Indonesia's navy said Thursday it has located a fuel tanker that was missing for a week after being taken from port by its disgruntled crew. The 53- meter long coastal tanker is being escorted to Tanjung Pinang, the provincial capital of Indonesia's Riau islands, for further investigation. Vier Abdul Jamal, chief executive of the ship's owner...

  • TOKYO, Aug 25- Japanese stocks edged down on Thursday as appetite for risk was checked by weakness on Wall Street and caution ahead of a speech by Federal Reserve Chair Janet Yellen on Friday, an event global markets hope will provide clues on the outlook for U.S. rates. Fed officials including Vice Chair Stanley Fischer and New York Fed President William Dudley...

  • CHICAGO/ MIAMI, Aug 24- Florida Governor Rick Scott said on Wednesday the federal government had so far not delivered all the Zika antibody tests and laboratory support he had requested as the state battles the spread of the virus. On Wednesday, the Florida Department of Health reported a second non-travel related case of Zika in Palm Beach County, bringing the...

  • TAIPEI, Aug 25- Taiwan stocks rose on Thursday on bargain hunting after recent lows, with shares in Mega Financial, the focus of a local probe by prosecutors, rising for the first time in five sessions. As of 0153 GMT, the main TAIEX index rose 0.5 percent, to 9,060.28, after closing 0.2 percent lower in the previous session. The Taiwan dollar firmed T $0.017 to T $31.755...

  • *Honda starts orders for NSX in Japan after U.S. launch. Starting at 23.7 million yen, the bespoke hybrid model becomes available to order in Japan on Thursday, having launched in the United States earlier this year. Marketed under the Acura badge, Honda's stalled premium brand in the United States, China and other regions, the NSX marks the latest effort by the...

  • LOS ANGELES— A federal judge has thrown cold water on a lawsuit that claimed Starbucks defrauded customers by adding ice to its cold beverages. Alexander Forouzesh sued Starbucks Corp. in May for fraud, breach of warranty and false advertising, among other claims. "Any child can figure out that they're being deceived by Starbucks, as well," he said. "

  • SYDNEY, Aug 25- Australia's north is forecast to receive above average rainfall over the next three months, the country's weather bureau said on Thursday, boosting cattle herds. The continent's tropical northwest has at least a 60 percent chance of above average rainfall from September to October, the Australian Bureau of Meteorology said, with rains forecast...