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Wires

  • *Stronger yen offsets effect of record closes on Wall Street. TOKYO, May 26- Japan's Nikkei share average remained solidly on track for a winning week on Friday, underpinned by record closing highs on Wall Street even as a firmer yen put a damper on sentiment. "The Nikkei is getting a drag today from a stronger yen, which has offset the impact of yesterday's Wall Street...

  • NEW YORK— A federal judge has ordered delivery giant UPS Inc. to pay New York City and the state nearly $247 million in damages and penalties for illegally shipping cigarettes. District Judge Katherine Forrest handed down the penalty on Thursday after finding the company liable in a civil case in federal court in Manhattan for transporting untaxed...

  • Prices on Thursday tipped the highest since May 3 at $5,768.50 and have held in a wider $5,480- $5,800 range since mid-April. *SHFE COPPER: Shanghai Futures Exchange edged up by 0.1 percent to 45,970 yuan a tonne. *HOLIDAYS: The London Metal Exchange and Shanghai Futures Exchange will be closed on Monday for a long holiday weekend.

  • BEIJING, May 26- China's structural reforms will not be enough to arrest its rising debt, Marie Diron, associate managing director of Moody's Sovereign Risk Group, said on Friday. Moody's Investors Service downgraded China's credit ratings on Wednesday by one notch to A1, saying it expects the financial strength of the world's second-largest economy will...

  • TAIPEI, May 26- Taiwan stocks stayed flat on Friday in cautious trading ahead of a long weekend holiday, dampened by falls in tech heavyweights such as Taiwan Semiconductor Manufacturing Co. Taiwan's markets will be closed on Monday and Tuesday for the Dragon Boat festival holidays. The Taiwan dollar softened T $0.003 to T $30.087 per U.S. dollar.

  • SHANGHAI, May 26- China's yuan extended gains against the U.S. dollar on Friday, hitting its strongest level in more than three months. The People's Bank of China set the midpoint rate at 6.8698 per dollar prior to the market open, weaker than the previous fix of 6.8695. On Thursday, the yuan leapt to a near two-month high against the dollar, supported by major...

  • SYDNEY, May 26- U.S. soybeans edged lower to hit a six-week low on Friday as weak oil prices were set to pressure the oilseed, which is used to make ethanol, towards a third straight weekly decline. *Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for...

  • *Tokyo May core CPI up 0.1 pct vs f'cast flat growth. TOKYO, May 26- Japan's core consumer prices rose 0.3 percent in April from a year earlier to mark a fourth straight month of increases, offering policymakers some hope a steady economic recovery will help shift consumers' sticky deflationary mindsets. They thus try to trim costs by keeping wages low, "said Takeshi...

  • May 25- United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States. SF Holdings, parent company of SF Express, is often called China's answer to UPS rival FedEx, and is the dominant package delivery...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting...

  • May 26- Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. *Spot gold was down 0.2 percent at $1,253.10 per ounce by 0110 GMT. *OPEC and non-members led by Russia decided on Thursday to extend cuts in...

  • May 25- Kinder Morgan Inc has made a final investment decision on its Trans Mountain pipeline expansion, contingent on the successful public offering of its Canadian division, the company said on Thursday as it acknowledges the political uncertainty weighing on the project. An election this month in the Canadian province of British Columbia, through which...

  • SINGAPORE, May 26- Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for larger production cuts. Sterling slipped after an opinion poll showed that Britain's opposition Labour Party has cut the lead of Prime Minister Theresa May's Conservatives...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts. The Organization of Petroleum Exporting Countries and some non- OPEC producers agreed at a meeting in Vienna on Thursday to extend...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • 1- Jun Spain Bond auction 1- Jun Japan 3- month discount bill auction 1- Jun Japan Auction of 10- year government bonds 5- Jun France Auction of BTF Treasury notes 6- Jun United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022. 6- Jun Netherlands DTC auction 6- Jun Japan Auction of 30- year government bonds 7- Jun Germany Auction of 5- year Federal notes 7- Jun Sweden...

  • 1- Jun Spain Bond auction 1- Jun Japan 3- month discount bill auction 1- Jun Japan Auction of 10- year government bonds 5- Jun France Auction of BTF Treasury notes 6- Jun United Kingdom Auction of 0 1/ 2% Treasury Gilt 2022. 6- Jun Netherlands DTC auction 6- Jun Japan Auction of 30- year government bonds 7- Jun Germany Auction of 5- year Federal notes 7- Jun Sweden...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • FRIDAY, MAY 26 MONTREUX, Switzerland- ECB Board Member Benoit Ceure participates in 24th Reunion of the Governors des Banques Centrales des Pays Francophones Organized by the Swiss National Bank- 2000 GMT. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at the 2017 Spring Annual Meeting of the Japan Society of Monetary Economics. BRUSSELS- ECB President...

  • NEW YORK— Financial services firm USAA is adding itself to the list of companies that have pulled advertising from Sean Hannity's Fox News Channel show. Some groups have called for an advertiser boycott after Hannity's focus on a discredited story involving a murdered Democratic National Committee employee. Liberal lobby group Media Matters for America...