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Wires

  • SYDNEY, Feb 22- U.S. soybean prices rose on Wednesday to move away from a three-week low touched the session before, but gains were checked as favorable growing weather in South America stoked expectations of ample global supply. *The most active soybean futures on the Chicago Board of Trade, for March, gained 0.3 percent to $10.29-1/ 2 a bushel.

  • TOKYO, Feb 22- Japanese stocks edged down on Wednesday morning in choppy trade as a pause in the dollar's rise against the yen kept investors on the sidelines as they awaited the minutes of the U.S. In Asian trade, the dollar was 0.2 percent lower at 113.52 yen, edging away from its peak of 114.955 yen touched a week ago, which was its highest since late January.

  • *Listing of Aramco could raise up to $100 billion. Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi authorities are aiming to list up to 5 percent of the...

  • *Shenzhen, Shanghai monthly growth slowed. BEIJING, Feb 22- China's home price growth slowed for the fourth straight month as demand cooled further in the biggest cities, official data showed on Wednesday, signaling government curbs to defuse a bubble in the sector were starting to pay dividends. In China's biggest cities, Shenzhen, Shanghai and Beijing prices...

  • MEXICO CITY, Feb 21- Mexico's top finance policymakers said on Tuesday the central bank will offer up to $20 billion in currency hedges, a major shift in policy aimed at helping Latin America's No. 2 economy tame volatility that has battered the peso. The move puts Mexico, which has been one of the most orthodox supporters of free-floating exchange rates, more in...

  • BEIJING, Feb 22- Average new home prices in China's 70 major cities rose 0.2 percent in January from a month earlier, slowing a touch from December, as government curbs continued to take the heat off the market, an official survey showed on Wednesday. Compared with a year ago, home prices still rose 12.2 percent, just off December's 12.4 percent gain, according to data...

  • SYDNEY, Feb 22- Copper steadied in early trading on Wednesday, after slipping overnight, as a weaker U.S. dollar limited profit taking. *Three-month copper on the London Metal Exchange was flat at $6,060 a tonne by 0100 GMT after dropping 0.2 percent the previous session. *The most-traded copper contract on the Shanghai Futures Exchange dipped 0.2 percent to...

  • *Traders are focused on the release of minutes from the Fed's Jan. 30- Feb. 1 meeting, due on Wednesday at 1900 GMT. *Also on the radar is President Donald Trump's address to Congress on Feb. 28, which analysts and traders hope will offer details on infrastructure spending and tax cuts. *Bank of England Governor Mark Carney faced a challenge from lawmakers on Tuesday...

  • BRASILIA, Feb 21- The Brazilian government sees no alternative to its pension reform proposal and any changes would distort a plan needed for the recovery of Latin America's biggest economy, Finance Minister Henrique Meirelles said on Tuesday. Workers unions and some lawmakers from President Michel Temer's alliance in Congress have demanded changes to the...

  • The new head of the U.S. Environmental Protection Agency says America need not choose between jobs and the environment, as the White House prepares executive orders that could come as soon as this week to roll back Obama-era regulation. The White House signals it is preparing to reverse a U.S. policy on transgender rights, raising concern among rights advocates...

  • Calendar spreads for nearby months have tightened sharply since the middle of February to a level that will make storing oil outside the United States unprofitable from the start of the second quarter onwards. The calendar spread from April to May has tightened from a contango of 35 cents per barrel on Feb. 15 to just 17 cents on Feb. 20 and is now trading around 12...

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualized basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • Once again this was a record forged in China. While primary metal production in the rest of the world fell by 182,500 tonnes on an annualised basis over the course of December and January, it surged in China. The irony is that part of the reason for strong pricing is the threat of capacity curtailments in China on environmental grounds.

  • TOKYO, Feb 22- U.S. oil prices held near seven-week highs on Wednesday after OPEC signaled optimism over its deal with other producers including Russia to curb production and clear a glut that has weighed on the market since 2014.. On Tuesday, the March contract expired up 66 cents, or 1.2 percent, at $54.06, after peaking at $54.68, the highest since Jan. 3.

  • Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters on the firm's planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world's biggest initial public offering and could raise up...

  • Feb 21- Canadian meat packaging goods company Maple Leaf Foods Inc said on Tuesday it would buy U.S.-based Lightlife Foods Inc, a manufacturer of plant-based protein foods, for $140 million and related costs. Lightlife Foods reported 2016 sales of about $40 million and has a 38 percent market share in the U.S. refrigerated plant proteins market, Maple Leaf said...

  • TOKYO, Feb 22- Asian stocks edged up on Wednesday, joining a record-setting night for world markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.1 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • VANCOUVER, Feb 21- British Columbia unveiled its fifth consecutive balanced budget under the ruling Liberals on Tuesday, doling out tax and financial breaks 11 weeks before what is expected to be a tightly contested provincial election race. After 15 years in power, the Liberal Party is neck-and-neck with the left-leaning New Democratic Party with many...

  • TOKYO, Feb 22- The dollar edged down in Asian trading on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting for clues as to the pace of interest rate hikes, while the euro nursed losses and remained pressured by European political woes. Cleveland Fed President Loretta Mester said late on Monday in a speech in Singapore that she...

  • CALGARY, Alberta, Feb 21- Part of the shut Enbridge Inc 2 A pipeline in Alberta will need to be drained for several days, Canada's National Energy Board said on Tuesday, and it is not clear when shipments will resume. The 959- km pipeline, which transports light crude as well as condensate between Edmonton and Hardisty in the province of Alberta, was shut following a...