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Wires

  • RICHMOND, Calif.— Chevron Corp. and state regulators have reached a settlement related to a 2012 fire at its Richmond refinery that will require the company to spend about $20 million on safety upgrades. In 2013, the state fined Chevron nearly $1 million after a fire at their Richmond refinery sent a cloud of gas and black smoke over residential areas.

  • *OPEC to tackle weak adherence of some members on output curbs. TOKYO, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with production cuts to help rein in global oversupply and tackle flagging prices. In a ministerial meeting in St. Petersburg on Monday,...

  • SEOUL, South Korea— South Korea's new administration is shifting gears to achieve a fair and labor-friendly economy after decades of growth led by big businesses. In a five-year economic plan released Tuesday, the finance ministry said South Korea will boost household incomes and fortify its social safety nets to address growing concerns about inequality...

  • TOKYO, July 25- Japan's Nikkei share average inched up on Tuesday as the market found its footing following the previous day's fall, although the index was confined in a narrow range ahead of the U.S. The Nikkei was up 0.05 percent at 19,987.25, drawing mild support as the yen pulled back from a five-week high versus the dollar. Japanese Prime Minister Shinzo Abe's...

  • BERLIN, July 25- Volkswagen CEO Matthias Mueller strongly criticised Porsche's labour chief in German daily Heilbronner Stimme on Tuesday over public remarks about Audi's management, in a sign of growing tensions within the automotive group. Uwe Hueck, head of Porsche's works council and a member of VW's supervisory board, had given an interview with Bild am...

  • BERLIN, July 25- Volkswagen CEO Matthias Mueller strongly criticized Porsche's labor chief in German daily Heilbronner Stimme on Tuesday over public remarks about Audi's management, in a sign of growing tensions within the automotive group. Uwe Hueck, head of Porsche's works council and a member of VW's supervisory board, had given an interview with Bild am...

  • WASHINGTON, July 24- President Donald Trump exhorted every Republican to vote yes on a healthcare overhaul when it comes before the Senate this week, but one of his party's most vocal opponents of the bill, Senator Susan Collins, said he had made no effort to reach her. Hours later on Capitol Hill, Collins, one of a handful of Republican holdouts and the party's most...

  • WELLINGTON, July 25- Britain's Foreign Secretary Boris Johnson on Tuesday appeared to deny there was any infighting within the governing Conservative party during a visit to New Zealand, where he said the country was near the top of the queue for a trade deal post-Brexit. Britain kicked off a first full round of negotiations with the European Union last week, a...

  • *Fed begins two-day meeting later in the global session. SINGAPORE, July 25- The dollar pulled away from a 13- month low against a basket of currencies on Tuesday, trying to shake off a recent selloff after upbeat U.S. economic data as investors awaited this week's Federal Reserve meeting for clues on the timing of its next policy tightening. The dollar index, which...

  • SAN FRANCISCO, July 24- Alphabet Inc reported a 21 percent jump in quarterly revenue on Monday, maintaining a growth rate that is rarely seen among companies its size and suggesting the big sales gains enjoyed recently by the other Internet firms are not done yet. Alphabet, the owner of Google and YouTube, said it made $3.5 billion in net income on sales of $26...

  • RIO DE JANEIRO/ BRASILIA, July 24- Brazil's government will announce an increase in mining royalties and the creation of a new agency to regulate the industry in a bid to inject new life in Brazilian mining, three sources with knowledge of the matter told Reuters on Monday. The sources gave no details of the royalty increases and said they would be put into effect by...

  • *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange rose 0.2 percent to 47,960 yuan a tonne. *ANTOFAGASTA: Copper miner Antofagasta has signed a wage deal with workers at its Zaldivar deposit in Chile, the company and the union said on Monday, averting threatened labor action. *SUPPLY: Disruptions to copper shipments from Canada and...

  • TOKYO, July 25- Toyota Motor Corp aims to begin selling in 2022 an electric car powered by a new type of battery that significantly increases driving range and reduces recharging time, the Chunichi Shimbun daily reported on Tuesday. By using all-solid-state batteries, which can store more energy and can recharge more quickly than lithium ion batteries, Japan's...

  • WASHINGTON, July 24- President Donald Trump made a last-ditch plea to U.S. Senate Republicans on Monday to "do the right thing" and fulfill seven years of campaign promises to repeal and replace former President Barack Obama's signature healthcare law. The Senate will vote on Tuesday on whether to open debate on an overhaul of the law, with Senate Majority Leader...

  • *Long-delayed legislation to impose new sanctions on Russia hit another snag on Monday when influential Republican chairman of the Senate Foreign Relations Committee, Bob Corker said the announcement of a deal to move the bill forward was premature. *Trump's son-in-law, Jared Kushner, on Monday told Senate investigators he had no part in any Kremlin attempt...

  • The most active soybean futures on the Chicago Board of Trade rose 1.3 percent to $10.23 a bushel by 0030 GMT, having earlier hit $10.35-1/ 2 a bushel- the highest since July 12. The fall comes after the USDA said 57 percent of the U.S. soybean crop was good to excellent, down 4 percent from last week. "There has been a lot of concern about the weather impact on U.S. crops, and...

  • *China made major contribution to global post-crisis leveraging. Federal Reserve tightening a risk to China. *Fed must take China into account in policy decisions.

  • *China made major contribution to global post-crisis leveraging. Federal Reserve tightening a risk to China. *Fed must take China into account in policy decisions.

  • *Asia ex- Japan flat, Nikkei jumps as yen weakens. SINGAPORE, July 25- The dollar crept up from a 13- month low on Tuesday after stronger-than-expected readings on U.S. factory and services activity ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued. The dollar rose 0.15 percent to 111.29 yen early on Tuesday, after touching a...

  • TOKYO, July 25- Oil prices extended gains on Tuesday after OPEC moved to cap Nigerian oil output and Saudi Arabia pledged to limit exports next month to help rein in global oversupply. OPEC member Nigeria had been exempt from the cartel's deal with non- OPEC producers led by Russia to cut oil output by a combined 1.8 million barrels per day from January 2017 to March...