Wires

  • TOKYO, Dec 9- Japan's millennials have grown up in an economy that never seems to grow. That carries grave portents for Japan's economic policymakers, hampering their ability to spur consumption and lift the world's third-largest economy from decades of tepid growth and deflation. The millennials will form a large part of Japan's consumer society for decades...

  • BERLIN, Dec 9- Mass-selling German newspaper Bild heaped criticism on European Central Bank President Mario Draghi on Friday, a day after the ECB said it would extend its massive stimulus program for the euro zone. German Finance Minister Wolfgang Schaeuble, who regularly presses countries in southern Europe to shape up their economies with reforms, has...

  • DUBLIN, Dec 9- Japanese trading firm Sumitomo Corporation has agreed to buy Irish banana producer Fyffes for 751 million euros, a 49 percent premium to Thursday's price, and said it hoped to complete the deal early next year. Sumitomo, which is a leading banana producer in Asia, said the deal would provide it with "enhanced scale and portfolio diversity."

  • FRANKFURT, Dec 9- The Bundesbank raised its German growth forecast for this year and next, arguing that the "solid upturn" was continuing, even though increasing labor market bottlenecks could constrain growth and lead to wage inflation. The German central bank raised its GDP growth projection to 1.8 percent in both 2016 and 2017 but warned that this was above the...

  • FRANKFURT, Dec 9- The U.S. blocking of Aixtron's takeover by a Chinese firm has highlighted the German chip equipment maker's importance in the sector, making its prospects for the future somewhat less bleak, its chief executive said. China's Fujian Grand Chip Investment Fund dropped its 670 million-euro takeover bid for Aixtron on Thursday, after the United...

  • *BOJ Tankan due at 2350 GMT on Dec 13. *Machinery orders due at 2350 GMT on Dec 11. "A weaker yen than the big manufacturers had estimated reduced the worries about corporate profits while both Japan's and overseas economies are expected to continue to grow moderately," said Takayuki Miyajima, senior economist at Mizuho Research Institute.

  • Dec 9- Hong Kong stocks snapped a three-day winning streak on Friday, with casino shares leading broad market losses following reports that Beijing would put additional limits on ATM cash withdrawals in the gambling haven of Macau. For the week, Hang Seng index still rose 0.9 percent on Wall Street strength. Casino operators including Sands China Ltd, Wynn Macau...

  • *OPEC wants to persuade non-members to cut output. TOKYO, Dec 9- Oil prices extended gains for a second session running on Friday on optimism that non- OPEC producers would agree to cut output following a cartel agreement to limit production. The Organization of the Petroleum Exporting Countries will meet non- OPEC nations in Vienna on Saturday seeking their help...

  • BERLIN, Dec 9- German exports rebounded by less than expected in October, dampening hopes that trade will make a significant contribution to a predicted expansion in Europe's biggest economy in the final quarter of this year. "Looking ahead, however, the latest weakness of the pound sterling and possible protectionist policies under the new president in the U.S....

  • BERLIN, Dec 9- German exports rebounded by less than expected in October, dampening hopes that trade will make a significant contribution to a predicted expansion in Europe's biggest economy in the final quarter of this year. "Looking ahead, however, the latest weakness of the pound sterling and possible protectionist policies under the new president in the U.S....

  • FRANKFURT, Dec 9- The Bundesbank raised its German growth forecast for this year and next, arguing that the "solid upturn" was continuing, even though increasing labour market bottlenecks could constrain growth and lead to wage inflation. The German central bank raised its GDP growth projection to 1.8 percent in both 2016 and 2017 but warned that this was above...

  • SEOUL, Dec 9- South Korea's finance minister Yoo Il-ho called an emergency meeting later on Friday to discuss the impact of the parliament's vote to impeach President Park Geun-hye. "Time isn't set yet, but there will be one to discuss," a ministry official said, declined to be named. The nation's parliament passed a motion to impeach Park earlier on Friday over a...

  • SINGAPORE/ TOKYO, Dec 9- Saudi Arabia and Iraq are set to supply full contracted volumes of crude to several Asian refiners in January, despite commitments to cut output under a deal signed last week by members of OPEC, refinery sources said on Friday. Sources at eight refiners in Asia told Reuters they had been notified by state oil giant Saudi Aramco that in...

  • SHANGHAI, Dec 9- China's blue-chip index ended higher on Friday, thanks to better-than-expected inflation data pointing to signs of a stabilising economy, but it snapped an eight-week winning streak after a top regulator warned against "barbaric" takeover deals. Heavyweight blue-chips led indexes higher, after data showed China's producer prices rose at the...

  • *OPEC, Russia oil production cut to reduce VLCC demand. *But shippers eye new routes to mitigate OPEC cuts. SINGAPORE, Dec 9- Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent.

  • TOKYO/ SYDNEY, Dec 9- Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank's decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. Financial spreadbetter IG CMC markets expect...

  • LONDON, Dec 9- Large banks in Britain want the UK government to allow their industry to remain subject to EU laws for up to five years after Brexit, a move likely to enrage eurosceptics who want to break away from the bloc's legal system as soon as possible. The banks- international players- are also pressing the government to allow the European Court of Justice to...

  • ASTANA, Dec 9- Kazakhstan may offer to freeze its oil output at last month's level at the talks between OPEC and non- OPEC producers in Vienna, Kazakh Energy Minister Kanat Bozumbayev said on Friday. Non- OPEC producers are expected to contribute a combined cut of 600,000 barrels per day, with the half coming from Russia, the world's top oil producer and the biggest...

  • KUALA LUMPUR, Malaysia— Asian shares were mostly higher Friday after an overnight rally in U.S. markets helped by the European Central Bank's decision to extend its bond-buying economic stimulus program. Indexes in most Southeast Asian countries also rose but Hong Kong's Hang Seng index fell 0.5 percent to 22,749.74. The move is seen as a hedge against...

  • JAKARTA, Indonesia— An international tribunal has ruled against a London- listed mining company seeking $1.3 billion in compensation from Indonesia's government for terminating coal mining licenses that were forged by an Indonesian business partner. The World Bank-affiliated International Centre for Settlement of Investment Disputes ruled earlier...