×

Wires

  • TOKYO, June 23- Japanese government bond prices dipped across the board on Friday, with days of flattening in the yield curve partially reversed following weak results at the Bank of Japan's regular debt-buying operation. The five-year yield was up half a basis point at a six-month high of minus 0.070 percent. The BOJ on Friday offered to buy 100 billion yen of...

  • *Indonesia has ambitious plans to overhaul port network. JAKARTA, June 23- With its towering new cranes and wharves that can handle some of the world's biggest ships, Indonesia's main international port has been shaking off its reputation for inefficiency and congestion with a $2.5 billion upgrade. President Joko Widodo wants Indonesia to become a "global...

  • BEIJING— Three popular Chinese internet services have been ordered to stop streaming video after censors complained it contained improper comments about sensitive issues. The move prompted a sell-off in the U.S.-trade shares of Sina Corp. and its microblog service, Sina Weibo. Authorities said Thursday video streamed by users of Sina Weibo, ACFUN and a...

  • BEIJING/ DETROIT, June 22- Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. The company did not...

  • *Anxiety that India has lost diplomatic ground. *India pushing to buy surveillance drones from U.S. Trump met Chinese President Xi Jinping in April and has also had face time with the leaders of nations including Japan, Britain and Vietnam since taking office in January, prompting anxiety in New Delhi that India is no longer a priority in Washington.

  • MEXICO CITY, June 22- Mexico's central bank board made a divided decision to raise interest rates on Thursday and policymakers suggested that they may have raised borrowing costs enough to contain a spike in inflation. Banco de Mexico raised its benchmark rate by a quarter percentage point to 7.00 percent, as expected by all 17 analysts surveyed by Reuters last...

  • *Dollar drifts, next week's US data awaited for inflation cues. TOKYO, June 23- The dollar was little changed on Friday as traders marked time ahead of next week's U.S. inflation-linked indicators, while commodity currencies such as the Canadian dollar held to gains after crude oil prices bounced. "While the market was able to draw incentives from the Fed last week,...

  • TOKYO, June 23- Japan's Nikkei share average was flat on Friday morning as dollar-yen levels steadied after major economic events, while Nintendo hit new multi-year highs on ongoing hopes for a new title on Switch. The index is on track to gain 0.9 percent for the week- where it touched its highest levels since August 2015. "It's like the market has started its summer...

  • SINGAPORE, June 23- Chicago corn was poised for its biggest weekly decline in a year on Friday with the market falling for a second consecutive week, weighed down by forecasts of crop-friendly weather in the U.S. The Chicago Board of Trade most-active corn contract has given up 5.6 percent this week, biggest loss since June 2016. In the previous session, the market...

  • KUALA LUMPUR, Malaysia— The Chinese owner of Sweden's Volvo Cars says it has signed the final contract to buy a stake in Malaysian automaker Proton, gaining a platform to expand in Southeast Asia. Geely Holding Group's announcement Friday gave no financial details. Proton Holdings Bhd. was founded in 1983 by the Malaysian government to create a domestic auto...

  • The weak markets are a result of doubts over OPEC's ability to rein in a fuel supply overhang that has dogged markets since 2014 as production has largely outpaced consumption. "Markets remain sceptical of OPEC's ability to balance supplies," ANZ bank said on Friday. At the heart of the glut is that rising production levels from the traditional suppliers of OPEC...

  • SYDNEY, June 23- U.S. soybean prices edged up on Friday but were still near a 17- month low touched the session before, with forecasts for favourable crop weather pushing the oilseed towards its biggest weekly fall in six months. *The most active soybean futures on the Chicago Board of Trade are down nearly 3.5 percent for the week, in what would be their biggest...

  • *COPPER: Three-month copper on the London Metal Exchange stood at $5,741 a tonne by 0100 GMT, $2 below the close of the last session. *The most-traded copper contract on the Shanghai Futures Exchange opened 0.20 percent higher at 46,070 yuan a tonne. *ZAMBIA COPPER: Copper production in Zambia, Africa's No.2 producer of the metal, is expected to rise to 850,000 tonnes...

  • Flooding and road closures stretched from east Texas into northwestern Florida after Cindy made landfall early on Thursday near the Louisiana- Texas border and weakened to a tropical depression, the National Weather Service said. At least two tornadoes were reported near Birmingham, Alabama, destroying several buildings and injuring at least four people,...

  • *Spot gold was nearly unchanged at $1,250.70 per ounce at 0053 GMT. *Theresa May offered fellow EU leaders a "fair" deal on Thursday for compatriots living in Britain after Brexit, though her peers sounded skeptical and demanded more detail from a prime minister weakened by an electoral misfire two weeks ago. *Bank of Japan Deputy Governor Kikuo Iwata on Thursday...

  • *Spot gold was nearly unchanged at $1,250.70 per ounce at 0053 GMT. *Theresa May offered fellow EU leaders a "fair" deal on Thursday for compatriots living in Britain after Brexit, though her peers sounded skeptical and demanded more detail from a prime minister weakened by an electoral misfire two weeks ago. *Bank of Japan Deputy Governor Kikuo Iwata on Thursday...

  • LONDON, June 22- Oil traders have become increasingly doubtful that OPEC will manage to cut crude stocks down to the five-year average in 2018 and keep them there. Calendar spreads for Brent futures throughout the rest of 2017 and 2018 have weakened significantly since OPEC agreed to roll over its production allocations at the end of May. Calendar spreads are...

  • SAN FRANCISCO, June 22- A California state judge said on Thursday that San Francisco can demand from Uber records containing the ride-hailing company's driver contact information, the city attorney said. San Francisco City Attorney Dennis Herrera last month sought a court order compelling Uber Technologies Inc to comply with the city's demands for...

  • MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, and up 0.4 percent for the week. "We're getting close to the end of the month, and fundamentals aside, there will be people selling dollars, so it will be easy for the yen to strengthen next week," said Mitsuo Imaizumi, Tokyo- based chief foreign exchange strategist for Daiwa Securities.

  • MEXICO CITY— Mexico's state-owned oil company Pemex says a refinery that flooded and caught fire last week during rains produced by former Tropical Storm Calvin will reopen July 30. One person died in the big fire at the Salina Cruz refinery in the southern state of Oaxaca. The blaze also injured nine people and forced the evacuation of 500 nearby residents.