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Wires

  • *Tokyo poll on weekend focused. TOKYO, June 29- Japan's Nikkei share average rose on Thursday morning to hover near two-year highs after Wall Street rebounded, with tech shares, like Advantest Corp and Shin-Etsu Chemical, outperforming the overall market. For the overall market, investors are still waiting for major catalysts from next week as well as this...

  • NEW YORK, June 28- An investor group led by New York City's comptroller called for Mylan NV's Chairman Robert Coury and Director Wendy Cameron to step down, as part of a campaign against the firm's executive pay packages and high prices for an allergy treatment. While the sharp price spike spurred congressional, Justice Department and other government...

  • HANOI, Vietnam— Nguyen Kim Lan used to make a decent living shuttling customers around town on his Honda motorbike. The expansion of the ride-hailing services across Southeast Asia is shaking up traditional motorcycle taxi services that are a key source of informal work for people like Lan. As elsewhere in the region, motorbikes are Vietnam's main form of...

  • "The fast ramp-up in shale drilling and the unexpectedly large rebound in Libya/ Nigeria production are on track to slow the 2017 stock draws," investment bank Goldman Sachs said. "This creates risks that the normalisation in inventories will not be achieved by the time the OPEC cut ends next March. We expect this will leave prices trading near $45 until there is...

  • WASHINGTON, June 28- The top U.S. Senate Republican struggled on Wednesday to salvage major healthcare legislation sought by President Donald Trump, meeting privately with a parade of skeptical senators as critics within the party urged substantial changes. Senate Majority Leader Mitch McConnell on Tuesday abandoned plans to seek passage of it this week...

  • SHANGHAI, June 29- China's yuan strengthened further against the U.S. dollar on Thursday to its highest level in seven and-a-half months, reflecting the dollar's broad weakness. The People's Bank of China set the yuan midpoint rate at 6.794 per dollar prior to market open, its strongest level since June 15. As of 0230 GMT, the yuan was changing hands at 6.7818, the...

  • BEIJING, June 29- Global coordination is important as the world economy undergoes changes, including the latest U.S. interest rate hike, China's Vice Finance Minister Zhu Guangyao said on Thursday. As the global economy stabilises, countries need to normalise their monetary policy, although that normalisation is happening at a very slow pace, Zhu told...

  • *Markets scent end of easy policy in UK, EU and Canada. *Asia stocks ex- Japan touch two-year top as banks gain. SYDNEY, June 29- The dollar shuddered to its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end for more than just the United States.

  • SEOUL, June 29- South Korean energy conglomerate SK Group signed a memorandum of understanding with General Electric on Thursday to jointly develop U.S. shale gas fields in a bid to expand in the U.S. shale gas sector. The partnership with GE will help SK Group bring in U.S. liquefied natural gas to South Korea as well as onsell it to other countries amid growing U.S.

  • *In talks on LNG sales, regas facilities in Southeast Asia. Production of the superchilled gas has been outpacing demand as new supplies come online in Australia and the United States, driving down Asian spot prices by more than 70 percent since 2014.. We have new long-term contracts coming onstream in Asia next year and also the year after. "

  • The White House said Trump would name Brendan Carr, a Republican who previously served as an adviser to FCC Chairman Ajit Pai, to an open seat. Carr currently is general counsel at the FCC and also has worked at the Wiley Rein LLP law firm. Earlier this month, Trump nominated Jessica Rosenworcel, a Democrat, to another open seat at the FCC.

  • SHANGHAI, June 29- China's central bank set the yuan midpoint at 6.7940 per dollar on Thursday, its strongest level since June 15, reflecting the dollar's broad weakness.

  • June 28- Martin Shkreli's lawyer did not run from his client's troubled public image, describing him as a misunderstood genius, as he began his defense in the former drug company executive's securities fraud trial on Wednesday. "You may not like Martin Shkreli," Benjamin Brafman said in his opening argument in Brooklyn federal court, "and you may have reasons to...

  • LOS ANGELES, June 28- The California Supreme Court on Wednesday refused to consider a challenge by business groups of the state's cap-and-trade law, a ruling that environmentalists hailed as ending a legal fight that had cast a cloud over the program. "This is the final step in this case to affirm Californias innovative climate program, including its carbon...

  • TOKYO, June 29- The president of Japan's Universal Entertainment Corp said the company's founder Kazuo Okada is "unfit" to be the director of a public company, in a private letter to a shareholder seen by Reuters. The June 21 letter was written by Jun Fujimoto ahead of an annual meeting of Universal shareholders on Thursday at which Okada is scheduled to lose his...

  • President Donald Trump will press South Korean President Moon Jae- in to improve trade imbalances with the United States during meetings at the White House on Thursday and Friday, a White House official said. Moon, whose talks with Trump will focus largely on efforts to press North Korea to give up its nuclear weapons program, did not directly address Trump's...

  • TOKYO, June 29- The dollar wallowed close to one-year lows against the euro and slipped against sterling in Asian trading on Thursday, as investors priced in tighter monetary policy in Europe. Sterling added to gains made after Bank of England Governor Mark Carney said on Wednesday that the central bank is likely to need to raise interest rates as the British...

  • SINGAPORE, June 29- Chicago wheat futures rose for a third consecutive session on Thursday with prices underpinned by dry weather threatening to reduce U.S. spring crop production. *Analysts expect the U.S. Department of Agriculture on Friday to lower its estimate of U.S. spring wheat plantings for 2017. *Russia has started grain harvesting in its southern...

  • *Markets scent end of easy policy in UK, EU and Canada. SYDNEY, June 29- The dollar languished at its lows for the year on Thursday as a drumbeat of hawkish comments from major central banks signalled the era of easy money might be coming to an end for more than just the United States. In Britain, Bank of England Governor Mark Carney surprised many by conceding a hike was...

  • SINGAPORE, June 29- Crude oil futures rose for a sixth consecutive session on Thursday, as a decline in U.S. production underpinned the market that has been under pressure from a global supply glut. West Texas Intermediate crude rose 7 cents, or 0.2 percent, to $44.81 per barrel by 0003 GMT, while the benchmark Brent futures gained 8 cents, or 0.2 percent, to $47.39 a...