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Wires

  • SHANGHAI, Feb 27- China stocks slipped on Monday after the securities regulator vowed to step up its campaign against speculation and hinted about loosening its grip on new share offerings- moves that would benefit the market in the long term, but hurt sentiment in the short run. Hong Kong stocks were little changed, as the market's strong rally since...

  • TOKYO— Negotiators from 16 Asian countries are meeting in the Japanese port city of Kobe this week for talks on a regional trade pact that could supplant the Trans-Pacific Partnership rejected by U.S. China is playing a leading role in the Regional Comprehensive Economic Partnership, or RCEP, which faces hurdles of its own. Apart from Japan and China, RCEP...

  • President Donald Trump's speech to Congress this week for details of promised tax cuts and infrastructure spending. KEEPING SCORE: Tokyo's Nikkei 225 index fell 0.7 percent to 19,152.27 and the Shanghai Composite Index lost 0.3 percent to 3,244.71. Seoul's Kospi shed 0.2 percent to 2,090.20 and benchmarks in Southeast Asia also retreated.

  • *France election campaign continues to weigh on euro. TOKYO, Feb 27- The dollar recouped some ground after dipping to a two-week low against the yen in Asian trading on Monday, but it lacked momentum as investors awaited this week's speech by U.S. The dollar added 0.2 percent to 112.20 yen, after falling as low as 111.920 yen earlier in the session, its lowest since Feb....

  • *Soybeans up for 2nd day on slow selling by Brazil farmers. SINGAPORE, Feb 27- Chicago wheat futures slid for a third consecutive session on Monday to hit a near one-week low, with lack of demand for U.S. shipments amid abundant global supplies weighing on the market. The Chicago Board of Trade most-active wheat contract lost 0.3 percent to $4.46-3/ 4 a bushel by 0345...

  • *Investors eye Trump speech to Congress on Tuesday. Trump doesn't want a strong dollar and the market thinks that perhaps there would not be a rate hike in the first half of the year, "said Jiang Shu, chief analyst at Shandong Gold Group. Investors are looking towards Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide...

  • HONG KONG, Feb 27- China's yuan fell against the U.S. dollar on Monday after the central bank set a weaker midpoint to reflect global dollar strength, but traders said room for depreciation is expected to be limited as the threat of a trade war from the U.S. lingers. The People's Bank of China set the midpoint rate at 6.8814 per dollar prior to the market open, weaker...

  • BEIJING, Feb 27- China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Pan Gonsheng, head of the State Administration of Foreign Exchange said that China's foreign exchange market is relatively stable and...

  • WASHINGTON, Feb 26- The White House will send federal departments a budget proposal on Monday containing the defense spending increase President Donald Trump promised, financed partly by cuts to the U.S. State Department, Environmental Protection Agency and other non-defense programs, two officials familiar with the proposal said. One of the officials said...

  • *China official PMI seen slipping to 51.1 in Feb. *Data due on March 1 at 0100 GMT. BEIJING, Feb 27- Activity in China's manufacturing sector likely grew modestly for the seventh month in a row in February as resources prices extended a rapid rally and on signs of improving global demand for Chinese exports, a Reuters poll showed.

  • SEOUL, Feb 27- South Korea's acting president Hwang Kyo- ahn will not extend the current special prosecutor's investigation into an influence-peddling scandal that could topple President Park Geun-hye, Hwang's office said on Monday. Hwang's spokesman Hong Kwon- heui said during a televised briefing that the special prosecution probe had served its purpose...

  • SINGAPORE, Feb 27- Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries and other producers agreed to cut...

  • BEIJING, Feb 27- China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017..

  • MSCI's broadest index of Asia-Pacific shares outside Japan was flat after declining 0.3 percent in early trades. Japan was down 1.2 percent, and Australia off 0.2 percent. The broad Asia-Pacific index, which fell 0.7 percent on Friday, is still up more than 11 percent since end-December.

  • TOKYO, Feb 27- Japan's Nikkei share average fell to 2-1/ 2 week lows on Monday as the yen strengthened and as financial stocks dropped on lower U.S. yields. Exporters lost ground as the dollar dropped to as low as 111.925 yen on Friday, its first foray below the 112 level since Feb. 9. President Donald Trump's first major policy address to Congress on Tuesday will not...

  • SEOUL, Feb 27- South Korea's main opposition Democratic Party said on Monday it and other parties would seek the impeachment of the prime minister, Yonhap News Agency reported after the premier said an investigation into a corruption scandal would not be extended. The move to seek the impeachment of Prime Minister Hwang Kyo- ahn was an apparent protest against...

  • MELBOURNE, Feb 27- London copper prices inched towards the key level of $6,000 a tonne on Monday, with supply concerns simmering amid production stoppages at the world's two biggest copper mines. *Shanghai Futures Exchange copper rose 0.8 percent to 48,130 yuan a tonne. *A strike at Noranda Income Fund's zinc processing plant in Quebec stretched into a 13th day on...

  • WASHINGTON, Feb 26- The White House on Monday will send federal departments a budget proposal containing the defense spending increase President Donald Trump promised, financed partly by cuts to the U.S. State Department, Environmental Protection Agency and other non-defense programs, two officials familiar with the proposal said. One of the officials said...

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. Freeport-McMoRan began mining in Papua in 1967, the first...

  • SYDNEY, Feb 27- U.S. wheat prices were set to drop for a third straight session on Monday after hitting a six-day low, with ample global supply weighing on markets. *The most active wheat futures on the Chicago Board of Trade fell 0.5 percent to $4.45-3/ 4 a bushel, after earlier touching their lowest since Feb. 21 at $4.45-1/ 2 a bushel. *Weekly data from the U.S. Commodity...