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Wires

  • *Tea prices climb after dry weather in top producers India, Kenya. MUMBAI, May 29- The price of tea is likely to climb further this year after dry weather slashed production of the commodity in key suppliers India and Kenya, while recent deadly flooding could disrupt shipments from Sri Lanka, another key exporter. Output in top tea shipper Kenya dropped by over a...

  • HONG KONG, May 29- Hong Kong stocks edged up on Monday, on which China markets were closed, with mainland property shares aiding the rise on anticipation of strong home demand in smaller Chinese cities. China Evergrande Group Ltd led the surge in mainland property stocks after Morgan Stanley initiated coverage on the developer with "overweight".

  • *Spot gold may climb to $1,276 per ounce- technicals. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50. Spot gold may climb to $1,276 per ounce, as it has broken above a resistance at $1,264, said Reuters technical analyst Wang Tao.

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • LONDON, May 29- Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday, and was down almost 2 cents last week as polls showed...

  • JOHANNESBURG, May 29- South Africa's Tongaat Hulett reported a 45 percent rise in full-year earnings on Monday, helped by higher export prices and improved local prices. The sugar producer said basic headline earnings per share, which strips out certain one-off items and is the main profit measure in South Africa, for the year ended March 31 rose to 852.7 cents...

  • PARIS, May 29- French officials are having serious talks with financial institutions looking to leave London as Britain prepares to quit the European Union, ECB Governing Council member Francois Villeroy de Galhau said on Monday. "We are having discrete but numerous and serious contacts," Villeroy, who is also head of the French central bank and financial sector...

  • JOHANNESBURG, May 29- South African food services franchising company Famous Brands scrapped its dividend on Monday for the first time in 13 years seeking to conserve capital after a series of acquisitions boosted its debt. Chief Executive Darren Hele said Famous Brands abandoned the payout for the year which ended in February because the group's gearing is...

  • PARIS, May 29- The European Union needs to set simple rules on bank capital to complete its banking union under a sole EU-wide sector supervisor, ECB Governing Board member Francois Villeroy de Galhau said on Monday. Speaking in Paris in his role as head of the ACPR French financial sector regulator, Villeroy said the EU also needed better coordination between...

  • LARNACA, May 29- Iraq may look at hedging part of its crude oil production, the head of the OPEC member's oil marketer SOMO said, as a way to protect government revenue against the risk of oil price volatility. SOMO is floating an idea now and this is yet to be studied, " Falah Al-Amri, who is also Iraq's OPEC governor, told Reuters in an interview. "There are a lot of...

  • TOKYO, May 29- Japan aims to finalize on June 9 plans to allow package delivery by drone sometime from 2020 and the commercialisation of self-driving trucks by 2022, as it scrambles to breathe new life into its corporate sector, sources told Reuters. The move to drones and autonomous vehicles is urgent for Japan, because its workforce has shrunk dramatically...

  • LARNACA, May 29- Iraq may look at hedging part of its crude oil production, the head of the OPEC member's oil marketer SOMO said, as a way to protect government revenue against the risk of oil price volatility. SOMO is floating an idea now and this is yet to be studied, " Falah Al-Amri, who is also Iraq's OPEC governor, told Reuters in an interview. "There are a lot of...

  • TOKYO, May 29- Japan aims to finalise on June 9 plans to allow package delivery by drone sometime from 2020 and the commercialisation of self-driving trucks by 2022, as it scrambles to breathe new life into its corporate sector, sources told Reuters. The move to drones and autonomous vehicles is urgent for Japan, because its workforce has shrunk dramatically...

  • LONDON, May 29- Euro zone shares fell slightly on Monday, pulling back further from their highest point in almost two years, dragged lower by financials and as holidays in major markets such as the UK and the United States kept investors away. UK markets were shut for a public holiday. Spanish-listed shares of International Airlines Group, the parent company of...

  • TOKYO, May 29- Japanese government bond prices slipped on Monday as traders made room for an auction of two-year JGBs the following day, with market showing limited reaction to North Korea's firing of a short-range missile. Buyers were cautious as the Ministry of Finance will auction 2.2 trillion yen of two-year bonds on Tuesday. Trade volume was 11,085, the...

  • WASHINGTON— President Donald Trump has reopened his Twitter spigot now that his foreign trip is over, so brace yourself. A look at some of the assertions under scrutiny in recent days, before Trump flew home and raged about "fake news" leaks from the White House. TRUMP: "I will tell you, a big difference over the last year, money is actually starting to pour into NATO from...

  • His $4.1 trillion spending plan for the budget year beginning Oct. 1 generally makes deep cuts in safety net programs, including Medicaid, the Children's Health Insurance Program and Social Security's disability program. "We're not going to measure compassion by the amount of money that we spend, but by the number of people that we help," White House budget...

  • LOS ANGELES— Johnny Depp is 53 years old but he doesn't look a day over 26 in the new "Pirates of the Caribbean" movie. It's all post-production visual effects and it's becoming commonplace in major Hollywood movies. Depp is just the latest mega-star to get the drastic de-aging treatment on screen, joining the ranks of Robert Downey Jr., Kurt Russell and several...