Wires

  • SINGAPORE, Aug 29- Oil prices fell about 1 percent on Monday as Iraq's production rose and as Iran said it would only cooperate in producer talks to freeze output if fellow exporters recognized its right to fully regain market share. Traders said the price falls were a result of climbing output from the Middle East, where oil exports from Iraq's southern ports...

  • SHANGHAI, Aug 29- China could allow industrial firms to convert their debts into equity stakes as early as next month, with the government now putting the finishing touches to a new plan, the official China Securities Journal reported on Monday. The newspaper said China's cabinet, the State Council, was currently finalizing plans to allow "firms in the real...

  • BOSTON— Part of the roof of a Boston duck boat was torn off after a driver failed to clear a bridge while out on a tour in the city. Fire officials say the Boston Duck Tours boat crashed into an overpass Sunday evening. Approximately 20 people were aboard the vehicle at the time.

  • *Brussels institutions back in action, facing familiar problems. Last week, the EU's remaining Big Three-- German Chancellor Angela Merkel, French President Francois Hollande and their host, Italian Prime Minister Matteo Renzi-- felt they needed to renew their vows at the wellspring of the union, the island of Ventotene, where in 1941 prisoners of Mussolini wrote a...

  • BEIJING, Aug 29- China is hoping to cement its standing as a global power when it hosts leaders from the world's biggest economies this weekend, but suspects the West and its allies will try to deny Beijing what it sees as its rightful place on the international stage. "From where China sits, it looks like the Americans are trying to encircle them," said a senior Western...

  • LAUNCESTON, Australia, Aug 29- There is little doubt that China's surging exports of refined fuels have cut profit margins for Asia's refiners, but the pain is unlikely to be shared equally across all the region's exporters of oil products. However, detailed data is provided by China on the export destinations of its product exports, and Australia, the region's...

  • JACKSON HOLE, Wyo., Aug 27- Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market "has strengthened" the case for the first rate increase since last December, Fed Chair Janet Yellen told a central banking conference in Jackson...

  • Dotcom's lawyers have asked if they can film his extradition appeal, which began Monday at New Zealand's High Court in Auckland. Justice Murray Gilbert, the New Zealand judge hearing the appeal, criticized Dotcom's request for coming at the last-minute but said he'd let other media discuss it before making a decision, the National Business Review newspaper...

  • SHANGHAI, Aug 29- China stocks were firm on Monday morning as a slew of mid-year company earnings reports showed tentative signs of bottoming-out in struggling sectors such as coal and steel, with further recovery expected in the second half. But Hong Kong stocks, which are more vulnerable to global money flows, dropped after U.S. As of last Friday, over 2,000 China-...

  • TOKYO, Aug 29- Japanese government bond prices slipped across the board on Monday, with lacklustre results for the Bank of Japan's regular debt-buying operation and a retreat by Treasuries weighing on the market. Yields rose after the BOJ's offer to buy 320 billion yen of 10- year to 25- year JGBs indicated relatively strong investor selling pressure.

  • TOKYO, Aug 29- Japanese government bond prices slipped across the board on Monday, with lackluster results for the Bank of Japan's regular debt-buying operation and a retreat by Treasuries weighing on the market. Yields rose after the BOJ's offer to buy 320 billion yen of 10- year to 25- year JGBs indicated relatively strong investor selling pressure.

  • DAYTON, Ohio— A group that preserves historically significant aviation sites is trying to buy the Wright brothers' former factory buildings in Ohio. The Dayton Daily News reports the National Aviation Heritage Alliance is in negotiations with the private entity that owns the property in Dayton and the surrounding land. It also wants to sell two buildings to...

  • PORTLAND, Maine— An arm of the European Union is expected to weigh in on a request from Sweden to deem American lobsters an invasive species in much of Europe. Sweden says the European Union should ban imports of live American lobsters into EU nations because 32 of the crustaceans were found in Sweden's waters earlier this year. A spokeswoman for the European...

  • *In about turn, Egypt bans ergot fungus in wheat again. Egypt, the world's biggest wheat importer, reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus ergot, baffling traders who had returned to the Egyptian market just last month when the ban was lifted. "The market is bemused as to where Egypt...

  • SYDNEY, Aug 29- U.S. wheat edged lower on Monday, lingering near a three-week low, as bumper global supplies kept prices depressed, while soybeans and corn both firmed. *The most active wheat futures contract on the Chicago Board Of Trade fell 0.1 percent to $4.07 a bushel, having closed down 3.8 percent on Friday when prices hit a low of $4.05 a bushel- the lowest since...

  • SHANGHAI, Aug 29- China's yuan weakened in midday trade on Monday after slipping to near six-week lows in early deals as the dollar held broadly higher after Federal Reserve Chair Janet Yellen's upbeat comments on the U.S. economy. Reflecting the dollar's strength, the People's Bank of China set the midpoint rate CNY= PBOC at 6.6856 per dollar prior to market open,...

  • *Spot gold may drop to $1,308- technicals. Aug 29- Gold edged lower on Monday as the dollar got a boost after hawkish comments from Federal Reserve Chair Janet Yellen left the door open to a U.S. interest rate hike as early as next month. The case for raising U.S. interest rates has strengthened in recent months due to improvements in the labor market and expectations...

  • WASHINGTON— Donald Trump's campaign is planning its biggest ad buy to date— upward of $10 million on commercials airing over the next week or so. The campaign is expects the ads to air as soon as Monday in nine swing states: Ohio, Pennsylvania, North Carolina and Florida, where the campaign has already been on the air, along with New Hampshire, Virginia, Iowa, Colorado...

  • TAIPEI, Aug 29- TAIPEI, Aug 29- Taiwan stocks fell on Monday tracking weakness in overseas markets and on technical selling in heavyweight chipmaker TSMC. Shares in Mega Financial, the centre of a probe in Taiwan following a rare fine in the U.S. for anti-money laundering violations, were down 0.5 percent. The Taiwan dollar softened T $0.152 to T $31.824 per U.S....

  • TAIPEI, Aug 29- Taiwan stocks fell on Monday tracking weakness in overseas markets and on technical selling in heavyweight chipmaker TSMC. Shares in Mega Financial, the center of a probe in Taiwan following a rare fine in the U.S. for anti-money laundering violations, were down 0.5 percent. The Taiwan dollar softened T $0.152 to T $31.824 per U.S. dollar.