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Wires

  • *Australia supplies +44.6 pct from yr before at 8.3 mln tonnes. BEIJING, May 23- Chinese coal imports from Australia and Russia jumped in April, as the world's top buyer of the commodity rushed to find alternative supplies following its ban on North Korean imports. China's coal imports from Australia jumped 44.6 percent in April from a year earlier to 8.3 million...

  • LONDON, May 23- Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday. In the UK, the FTSE 100 was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index. There was little direct market...

  • LONDON, May 23- Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday. In the UK, the FTSE 100 was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index. There was little direct market...

  • LONDON, May 23- Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday. In the UK, the FTSE 100 was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index. There was little direct market...

  • LONDON, May 23- Nokia shares jumped more than 6 percent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday. In the UK, the FTSE 100 was up 0.1 percent, hovering close to record highs, as a weaker sterling continued to underpin gains in the exporter-heavy index. There was little direct market...

  • HELSINKI, May 23- Nokia has settled its patent dispute with Apple and signed a business collaboration deal with the U.S. giant, the Finnish firm said on Tuesday, sending its shares sharply higher. Nokia shares, which fell in December due to the patent dispute, jumped 7.4 percent to 5.93 euros by 0717 GMT. In December, Nokia cut its annual run-rate forecast for patent...

  • President Donald Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years, documents by the administration showed. The White House budget, which will be delivered to Congress on Tuesday, is meant as a proposal and may not...

  • TOKYO— Japan's lower house has approved a bill that allows authorities to punish those found guilty of planning serious crimes. It has been called the "conspiracy bill" by critics who worry the bill expanding state powers could be used to undermine basic civil liberties. Japan's history as a police state before and during World War II has made many here wary of...

  • WASHINGTON— President Donald Trump is sending Congress a $4.1 trillion spending plan that relies on faster economic growth and steep cuts in a range of support programs for low-income individuals to balance the government's books over the next decade. The proposed budget, for the fiscal year that begins Oct. 1, was being delivered to Congress Tuesday, setting...

  • MELBOURNE, May 23- London copper slipped on Tuesday amid modest profit-taking after posting its highest price in three weeks overnight. COPPER: London Metal Exchange copper was down 0.5 percent at $5,669 a tonne as of 0710 GMT, reversing a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • BEIJING, May 23- China's imports of North Korean goods in April fell below $100 million to the lowest in nearly three years, data showed on Tuesday, after China stopped buying coal from the isolated country and as calls mount for further economic sanctions. Cho Bong- hyun, who heads research on North Korea's economy at IBK Bank in Seoul, said China's imports to North...

  • *China making ethanol to erode corn stockpiles. BEIJING, May 23- China's ethanol exports soared in April from the same month the year before and imports slowed to a trickle, the latest sign that Beijing's drive to ramp up local output is upending trade flows in the world's fastest-growing biofuel market. China has been pushing to erode a domestic glut in corn...

  • BERLIN, May 23- The German economy picked up steam in the first quarter helped by strong exports, booming construction and higher household and state spending, burnishing Chancellor Angela Merkel's economic credentials as she gears up for national elections. Europe's biggest economy grew 0.6 percent quarter on quarter, up from 0.4 percent in the final three...

  • HONG KONG, May 23- Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber Technologies Inc's operations in the Asian financial city. The arrests marked the latest upset for the San Francisco- based technology company, which in March said it would help five convicted Uber drivers to appeal their court case...

  • LONDON, May 23- A trial in which Royal Bank of Scotland is accused by investors of misleading them over its 2008 fundraising is set to be delayed for a second day, as frantic settlement talks between the claimants and the bank continued in London on Tuesday. RBS doubled its offer to the remaining RBoS Shareholder Action Group on Monday, sources told Reuters, in a bid...

  • SHANGHAI, May 23- Shanghai stocks fell for a second day on Tuesday, with gains in financials only partially soothing lingering concerns over policy tightening steps. Over the past two months, investors have been grappling with a regulatory crackdown on risky lending practices and a shift toward tighter monetary policy as Beijing stepped up measures to defuse...

  • *Asia stocks drop after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak". Financial spreadbetter CMC Markets...

  • WUZHEN, China— A computer defeated China's top player of the ancient board game go on Tuesday in the latest test of whether artificial intelligence can master one of the last games that machines have yet to dominate. Go, which originated in China more than 25 centuries ago, has avoided mastery by machines even as computers surpassed humans in most other games.

  • TOKYO, May 23- Superlong Japanese government bonds firmed on Tuesday after decent results at a liquidity-boosting auction, while the benchmark JGB was steady. The 10- year cash JGB yield was flat at 0.045 percent, while 10- year JGB futures edged up 0.04 point to finish at 150.59. The 40- year JGB yield fell 1.5 basis points to 1.015 percent, ahead of Thursday's sale...

  • BEIJING, May 23- China raised its imports of iron ore from North Korea in April to the highest level since August 2014, but bought no coal for a second month after Beijing halted coal shipments from its increasingly isolated neighbour, data showed on Tuesday. The data came as total imports of North Korean goods in April fell below $100 million to a multi-year low,...