Wires

  • SYDNEY, Jan 18- Buying on the back of a weaker dollar tipped London copper into positive territory in early Asian trading on Wednesday, reversing a slide overnight on uncertainties over U.S. President-elect Donald Trump's economic programme. Three-month LME copper was up 0.02 percent to $5,766 a tonne by 0230 GMT, after ending nearly 2 percent lower overnight.

  • BRASILIA, Jan 17- Brazil's largest engineering conglomerate Odebrecht SA plans to reach settlements in all 12 countries where it has admitted to paying bribes to obtain contracts, two sources with knowledge of the matter told Reuters on Tuesday. Since December, Odebrecht has agreed to pay $32 million to the government of Colombia, $59 million to the Panamanian...

  • TAIPEI, Jan 18- TAIPEI, Jan 18- Taiwan stocks fell on Wednesday tracking overnight weakness on Wall Street and pressured by financials such as Cathay Financial Holding. Cathay, parent of Taiwan's biggest life insurer, and rival Fubon Financial Holding were down 1.2 percent each. The Taiwan dollar rose T $0.076 to T $31.527 per U.S. dollar.

  • TOKYO, Jan 18- Japan will work with Britain and the European Union to minimize the impact on Japanese firms and the global economy when Britain leaves the EU, the country's top government spokesman said on Wednesday. Chief Cabinet Secretary Yoshihide Suga told a news conference that the government would continue to closely monitor Brexit developments.

  • TOKYO, Jan 18- Japan will work with Britain and the European Union to minimise the impact on Japanese firms and the global economy when Britain leaves the EU, the country's top government spokesman said on Wednesday. Chief Cabinet Secretary Yoshihide Suga told a news conference that the government would continue to closely monitor Brexit developments.

  • SEOUL, Jan 18- A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. Lee, 48, in dark overcoat and purple necktie, did not answer questions from reporters on his way into the special...

  • TOKYO, Jan 18- Japanese stocks fell to five-week lows on Wednesday, hurt by the yen's rapid appreciation and as investors were cautious ahead of U.S. President-elect Donald Trump's inauguration on Friday. Tokyo's bank sub-index shed 1.7 percent, hitting its lowest level since Dec. 1.

  • SINGAPORE, Jan 18- Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. West Texas Intermediate crude oil futures were trading up 16 cents at $52.64 per barrel at 0214 GMT. "A combination of a weaker U.S. dollar and supportive comments from Saudi...

  • BEIJING, Jan 18- Growth in China's home prices moderated slightly in December as local governments stepped up curbs to tame speculation which some fear is fuelling a property bubble. The price moderation will come as something of a relief to China's leaders as they wrestle with economic targets for 2017.. But after 2016' s record surge in China's nationwide home...

  • WASHINGTON, Jan 17- President-elect Donald Trump's nominee for U.S. commerce secretary, Wilbur Ross, will tell senators on Wednesday he is not "anti-trade" but that the United States should not put up with malicious practices or unfair subsidies from foreign trading partners. The 79- year-old billionaire investor said in his prepared opening statement that...

  • SYDNEY, Jan 18- U.S. soybean prices slipped on Wednesday, retreating from a six-month high touched in the previous session, although losses were checked by ongoing concerns over potential crop damage in Argentina that might limit supply. *The most active soybean futures on the Chicago Board Of Trade March soybeans fell 0.2 percent to $10.66-3/ 4 a bushel, having...

  • SEOUL, Jan 18- Tech giant Samsung Electronics CO Ltd said on Wednesday it will start supplying Volkswagen's Audi with Exynos processors for the carmaker's infotainment systems, expanding its chip sales for the auto business. Samsung said in a statement its Exynos processors will power up to four in-vehicle displays for Audi's next-generation infotainment...

  • TOKYO/ SAN FRANCISCO, Jan 18- Yahoo Japan, the country's biggest online auction site, is rebuffing calls to end online ivory trading despite Yahoo Inc CEO Marissa Mayer's misgivings over facilitating a business blamed for the illegal slaughter of African elephants. Yahoo Japan doesn't accept that ivory sold on its platform- supposedly imported into Japan...

  • SHANGHAI, Jan 18- China's regulators are examining the offical policy governing listed firms' debt financing practices, the Xinhua news agency said on Tuesday, suggesting a regulatory review may be underway. The country's listed firms have been increasingly making private debt placements- high-yielding bonds sold directly to institutional investors in...

  • BEIJING, Jan 18- Average new home prices in China's 70 major cities rose 12.4 percent in December from a year earlier, slowing slightly from a 12.6 percent increase in November, an official survey showed on Wednesday. Shenzhen, Shanghai and Beijing prices rose 23.5 percent, 26.5 percent and 25.9 percent, respectively, from a year earlier. Monthly growth in Shanghai...

  • SEOUL, South Korea— A South Korean court has begun reviewing the arrest of a Samsung Electronics vice chairman who faces allegations of bribery, embezzlement and perjury. Lee Jae-yong, the only son of the Samsung chairman, has arrived Wednesday for the hearing at the Seoul Central District Court but said nothing to the huge media gathering awaiting him outside...

  • Jan 18- Gold prices on Wednesday held near eight-week highs hit in the previous session on uncertainty over U.S. president-elect Donald Trump's economic plans, after the dollar slid on his comments that the strong greenback was "killing us". *Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a...

  • SEOUL, Jan 18- Samsung Group leader Jay Y. Lee arrived on Wednesday morning at a Seoul court where a judge will decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. Lee, 48, in dark overcoat and purple necktie, did not answer questions from reporters on his way into the special...

  • *Dollar index wallows at lowest levels since Dec. 8. President-elect Donald Trump's comments showing concern over the currency's strength, while sterling edged down after posting its biggest one-day gain since at least 1998 after British Prime Minister Theresa May outlined her' Brexit' plans. The dollar index, which measures the greenback against the six...

  • SHANGHAI, Jan 18- China set its official midpoint at 6.8525 per dollar prior to the market open on Wednesday, its strongest level since November 15. Wednesday's fixing was 467 pips, or nearly 0.7 percent, stronger than the previous fix, which was at 6.8992. Market participants said the strength in the official guidance rate was due to a broad slide in the dollar.