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Wires

  • *OPEC lobbies for extension to cut output beyond H1 2017. *Relentless rise in U.S. output undermines OPEC efforts. SINGAPORE, April 28- Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC- led production cut has failed to significantly tighten an oversupplied market.

  • WASHINGTON, April 27- The U.S. Congress is set to debate legislation that would extend until May 5 the deadline for a deal on federal spending through September and head off a feared government shutdown at midnight on Friday. The House Rules Committee, in a late-night meeting, voted 8-2 to send the legislation to the full House of Representatives for debate and...

  • WASHINGTON, April 27- President Donald Trump complained on Thursday that the United States was being unfairly treated in the Paris Climate Agreement and told Reuters he would announce a decision in about two weeks on whether Washington would remain in the accord. Trump, who will mark the 100th day of his presidency on Saturday, told Reuters in an interview he...

  • *Mexico says conditions exist for a good outcome for all. WASHINGTON, April 27- President Donald Trump told Reuters on Thursday that he was "psyched" to terminate the NAFTA trade deal with Canada and Mexico, but changed his mind after their leaders asked for it to be renegotiated instead. His comments came at the end of a long 24 hours during which Ottawa and Mexico...

  • BEIJING, April 28- China's Commerce Ministry said on Friday that it will extend anti-dumping, anti-subsidy duties on solar-grade polysilicon imported from the European Union, starting from May 1, for 18 months.

  • SINGAPORE, April 28- Chicago wheat futures were on track on Friday to end the week with the biggest gain since early February, with prices underpinned by concerns over freezing temperatures threatening the U.S. winter crop. The Chicago Board Of Trade's most-active wheat contract is up 2.7 percent this week, the biggest gain in 11 weeks. Low temperatures in...

  • TOKYO— Japan reports that its manufacturing output and household spending fell in March, while the jobless rate remained at a 22- year low. UNEMPLOYMENT: Unemployment was unchanged from February at 2.8 percent, while the number of jobs available per worker seeking work rose to 1.45, the highest rate since November 1990. Anemic growth in wages and worries over...

  • *Q1 GDP grows 2.56 pct y/y, beats forecast. *Economy expands for 4th straight quarter as exports rebound. TAIPEI, April 28- Taiwan reported solid first-quarter economic growth on Friday as strong global demand for components for the new iPhone and other electronic gadgets keep Asia's hi-tech factories humming.

  • SEOUL, April 28- South Korea is adopting a "wait and see" stance, government officials said on Friday, after U.S. South Korea's benchmark share index fell, wiping out earlier gains, to stand down 0.03 percent at 2,208.73 points by 0207 GMT. He reiterated comments by Finance Minister Yoo Il-ho the previous day that South Korea had not yet received any official requests...

  • TAIPEI, April 28- Taiwan stocks rose on Friday on data showing the export-driven economy grew for the fourth quarter in a row, but gains were limited ahead of a long weekend. Taiwan reported solid first-quarter economic growth as strong global demand for components for Apple Inc's anticipated new iPhone and other electronic gadgets keep Asia's hi-tech...

  • WASHINGTON, April 27- President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers. Congress has until 12:01 a.m. ET on Saturday to pass a bill to fund the government or face a shutdown, which would temporarily lay...

  • WASHINGTON, April 27- President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers. Congress has until 12:01 a.m. ET on Saturday to pass a bill to fund the government or face a shutdown, which would temporarily lay...

  • *OPEC lobbies for extension to cut output beyond H1 2017. *Relentless rise in U.S. output undermines OPEC efforts. SINGAPORE, April 28- Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC- led production cut has failed to significantly tighten an oversupplied market.

  • *Trump's comments on North Korea a reminder of geopolitical risks. TOKYO, April 28- Japan's Nikkei share average ticked down further from recent five-week highs on Friday as a relief rally driven by fading political worries in Europe fizzled ahead of Golden Week holidays next week. The Nikkei had gained 3.2 percent so far this week, which would be the biggest...

  • President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a "horrible" free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea "unacceptable" and said it would be...

  • SYDNEY, April 28- Copper tracked modestly higher on Friday with traders saying some investors were active buying on price dips, but warning at the same time that broader industry sentiment pointed to a weaker outlook. *SHANGHAI: The most-traded copper contract on the Shanghai Futures Exchange was up 0.2 percent to 46,330 yuan a tonne. *SILVER: London's silver...

  • TORONTO, April 27- Canadian alternative lender Home Capital Group Inc said on Thursday the Healthcare of Ontario Pension Plan agreed to provide a $2 billion credit line to its unit Home Trust. But depositors have withdrawn more than half of Home Capital's high-saving interest accounts, while the total balance of its larger pool of less-liquid guaranteed...

  • TOKYO, April 28- Japan will not make concessions on issues such as farm tariffs in two-way trade talks with the United States as it did for the Trans-Pacific Partnership, Japanese Finance Minister Taro Aso told the Nikkei business daily in an interview. In January, President Donald Trump withdrew the United States from the 12- nation TPP, and stressed that...

  • WASHINGTON— The Trump administration has successfully delayed a legal fight over enforcing Obama-era restrictions on pollution from coal-fired power plants. The U.S. Court of Appeals for the District of Columbia Circuit on Thursday granted a request from the Environmental Protection Agency to postpone a planned hearing on 2012 rules requiring energy...

  • April 27- The head of Uber Technologies Inc's self-driving vehicles unit, Anthony Levandowski, will step aside from some of his duties until a lawsuit against Uber in which he is accused of stealing trade secrets is resolved, Uber said on Thursday. Levandowski said he was not leaving Uber but would not participate in any of Uber's work on Lidar, according to an...