Wires

  • SEOUL, Sept 1- A South Korean court will give the go ahead for commencing rehabilitation proceedings at Hanjin Shipping Co Ltd as early as this week, a judge said on Thursday. The court's decision will allow Hanjin Shipping to engage in legal action in jurisdictions outside South Korea to keep its ships and other assets from being seized, the Seoul Central...

  • NEW YORK, Aug 31- An ex-Air China Ltd employee was indicted on Wednesday for smuggling packages onto flights from New York to China on behalf of Chinese military personnel stationed at the country's U.N. mission, U.S. prosecutors said. Ying Lin, 46, was also accused in an indictment filed in federal court in Brooklyn of obstructing justice by helping a Chinese...

  • SINGAPORE, Sept 1- Chicago wheat started the new month on a positive note on Thursday, with bargain-buying by end-users underpinning a market that had recorded four straight monthly losses to fall to a 10- year low. The Chicago Board of Trade's most-active wheat contract had climbed 0.7 percent to $3.91 a bushel by 0313 GMT, having closed down 1 percent on...

  • SEOUL, Sept 1- The collapse of South Korea's Hanjin Shipping Co Ltd sent ripples though global trade on Thursday, as the country's largest port turned away its ships and as some manufacturers scrambled for freight alternatives. Hanjin on Wednesday filed for court receivership after its banks decided to end financial support, and ports from China to Spain, the...

  • *China manufacturing activity unexpectedly expands in August. MELBOURNE, Sept 1- London copper shifted away from two-month lows and zinc neared 15- month highs on Thursday after China's manufacturing activity unexpectedly expanded in August, typically a quiet month for metals demand. Activity in China's manufacturing sector picked up last month, although...

  • BRIEF-UNANIMOUS NLRB ORDER REQUIRES VOLKSWAGEN TO BARGAIN. WITH UAW LOCAL UNION- UAW@ union- UAW@. *Pleased that NLRB has ordered Volkswagen to bargain with UAW local 42 as representative of skilled-trades employees in Chattanooga.

  • BEIJING— Leaders of the United States, China and other Group of 20 major economies who meet this weekend say more trade would shore up sluggish global growth but are tightening their own controls on imports. China hopes its status as G20 host will give it more sway in managing the global economy and has made trade a theme of the meeting in Hangzhou, a scenic lakeside...

  • TAIPEI, Sept 1- Taiwan stocks fell on Thursday, tracking declines in overseas markets, with selling led by heavyweights in the financial sector. Shares in Mega Financial Holding Co Ltd, which closed down for nine in 10 trading sessions, slipped 1.9 percent early in the trade, following its chairman's resignation on Wednesday. Shiu Kuang- si resigned from all his...

  • TOKYO, Sept 1- Japanese stocks edged up in choppy trade on Thursday morning as gains by banks offset weak mining shares, while many investors waited for jobs data to provide clues on when there will be U.S. rate hike. "Most investors seem to be happy seeing the dollar trading around 103.50 level," said Kazuhiro Takahashi, equity strategist at Daiwa Securities.

  • *AUD edge off low after slightly better than expected China data. Earlier in the week, the U.S. currency had carved out significant gains against its peers following comments from Federal Reserve Chair Janet Yellen last Friday at a central bankers' gathering in Jackson Hole, Wyoming that revived near-term rate hike prospects. The dollar will not be making much...

  • BEIJING, Sept 1- A top European business lobby warned China on Thursday that it risked a protectionist backlash unless it opened its markets faster to foreign investment, saying the current unbalanced access for foreign companies was "not politically sustainable". Progress on China's economic reforms has been "highly disappointing", the European Union...

  • SYDNEY, Sept 1- U.S. wheat rose for the first time in nine sessions on Thursday, but remains not far off a near 10- year low amid bumper global supplies and an uncertain demand outlook from the world's largest buyer of the grain. *The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $3.90 a bushel, having closed down 1 percent on Wednesday when...

  • HONG KONG, Sept 1- Global buyout firm TPG Capital Management is seeking to raise more than $4 billion for a new Asia- focused fund, in what would be its biggest for the region, people familiar with the plans told Reuters. The new fund will be one fifth bigger than its last such fund, TPG Asia VI, which raised $3.3 billion in 2014, and reflects growing investment...

  • TOKYO, Sept 1- Asian shares dipped on Thursday after lower crude oil prices dented Wall Street and a pair of Chinese manufacturing surveys did little to inspire investors as markets waited to see if U.S. employment data could put the Federal Reserve on track to hike interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan extended early...

  • SEOUL, Sept 1- South Korea's exports rebounded in August after falling for 19 straight months but the rise was largely expected to be temporary as the gain was due mainly to two extra working days. Exports in August rose 2.6 percent on-year to $40.13 billion while imports edged up 0.1 percent to $34.82 billion to result in a trade surplus of $5.30 billion,...

  • SEOUL, Sept 1- Tech giant Samsung Electronics Co Ltd touched two-week lows on Thursday on concerns for mobile earnings after it delayed shipments of its premium Galaxy Note 7 smartphone amid reports of exploding batteries. The firm announced the delays for quality control testing late on Wednesday and also said Galaxy Note 7 shipments to South Korea's top...

  • BEIJING, Sept 1- Activity in China's manufacturing sector picked up unexpectedly in August but gains were modest, an official survey showed on Thursday, suggesting the world's second-largest economy is steadying but still sluggish. The better-than-expected reading may reinforce growing views among investors that China's central bank will be in no hurry...

  • BEIJING, Sept 1- Activity in China's manufacturing sector picked up unexpectedly in August but gains were modest, an official survey showed on Thursday, suggesting the world's second-largest economy is steadying but still sluggish. The better-than-expected reading may reinforce growing views among investors that China's central bank will be in no hurry...

  • LOS ANGELES— A California grandmother who lost her life savings in a real estate investment scam offered by an insurance agent was awarded more than $15 million Wednesday in a lawsuit against MetLife and two subsidiaries, attorneys said. "I am so grateful to the jurors for seeing through MetLife's finger-pointing argument that they weren't responsible for...

  • BEIJING, Sept 1- Activity in China's services industry expanded again in August, but at a slightly slower pace than in the previous month, an official survey showed on Thursday. The official non-manufacturing Purchasing Managers' Index stood at 53.5 in August, compared to the previous month's reading of 53.9 and above the 50- point mark that separates growth...