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Wires

  • *OPEC compliance with announced output cut increases. SINGAPORE, March 30- Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains. In the United States, West Texas Intermediate crude futures rose 19 cents to $49.70 a barrel.

  • TOKYO, March 30- Toshiba Corp's shareholders on Thursday approved a proposal to split off the Japanese company's NAND flash memory unit, paving the way for the sale of most of its prized business. In the wake of mounting losses at its U.S. nuclear arm Westinghouse, Toshiba plans to sell a majority stake or even all of the chip unit. Toshiba has said it expects the...

  • Commerce Secretary Wilbur Ross is expected to join Vice President Mike Pence for a bilateral economic dialogue in Tokyo next month, a Japanese government official with direct knowledge of preparations said on Thursday, dashing Tokyo's hope of leaving thorny issues on trade off the negotiating table. Participants of the dialogue, led by Pence and Japanese...

  • Commerce Secretary Wilbur Ross is expected to join Vice President Mike Pence for a bilateral economic dialog in Tokyo next month, a Japanese government official with direct knowledge of preparations said on Thursday, dashing Tokyo's hope of leaving thorny issues on trade off the negotiating table. Participants of the dialog, led by Pence and Japanese Deputy...

  • March 30- Gold prices fell on Thursday as the dollar strengthened, but uncertainty surrounding the impact of Britain's departure from the European Union and the upcoming French elections offered some support. "But prices are not likely to witness a big drop particularly because of the Brexit and French elections as they very good support for gold at this time,"...

  • TOKYO, March 30- Japanese government bond prices were weaker on Thursday as the longer-dated maturities came under profit taking following large gains, but the market came off lows after an auction of two-year debt attracted sufficient investor demand. The bid-to-cover ratio, a gauge of demand, at Thursday's 2.2 trillion yen two-year auction remained at a...

  • *China facing heightened financial risks from property downturn- Moody's. SHANGHAI, March 30- China stocks were headed for a fourth day of losses on Thursday morning, with risk appetite soured by worries over property market prospects, sharp declines in newly-listed stocks, and liquidity stress as the month-end approaches. The bearish sentiment spilled over...

  • *Euro slumps on Reuters report on ECB signal intentions. TOKYO, March 30- Asian shares turned lower on Thursday after earlier briefly nudging up to near two-year highs, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3...

  • TAIPEI, March 30- Taiwan stocks fell on Thursday tracking Asian shares, weighed down mostly by automobile and plastics subindexes. Earlier in the day, Asian shares edged up to their highest in near two years before losing some of those early gains, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy.

  • SHANGHAI, March 30- China's State Power Investment Corp said Westinghouse Electric Co's bankruptcy filing would not have a "substantial impact" on the country's nuclear plans. In a statement published on Thursday, the state-owned power firm said the two sides would continue to work together to make sure the world's first Westinghouse-designed AP1000...

  • HONG KONG, March 30- China's yuan on Thursday slipped to its lowest against the U.S. dollar in nearly a week, as the greenback gained overnight thanks to a weaker euro, which sagged as chances the European Central Bank would step away from monetary easing faded. The People's Bank of China set the midpoint rate at 6.8889 per dollar prior to market open, firmer than the...

  • NEW BEDFORD, Mass.— A leading U.S. fishing magnate known as "The Codfather" is scheduled to plead guilty to federal charges of evading fishing quotas and smuggling money to Portugal. The U.S. attorney's office says Carlos Rafael has a change of plea hearing scheduled for Thursday. It includes a fleet of more than 30 vessels, 44 commercial fishing permits and the...

  • Returns on Latin American bonds remain attractive and the new openness to deals has already allowed Brazil's government to raise funds at a record low yield. Brazil's Suzano Papel e Celulose SA's is one example of the warmer reception for Latin American debt. President Donald Trump would lure capital out of Latin America have subsided, according to bankers,...

  • The insurer has already counted 70 bedbug claims through September 2016, heading for a total that could surpass the previous year's, said Larry Crotser, the chief claims officer for the insurer's Allianz Global Corporate& Specialty unit. The findings were included in a global report by the Allianz unit, which analyzed more than 100,000 corporate liability...

  • March 30- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 30- Mar Italy Medium-Long Term auction 30- Mar Japan Auction of 2- year government bonds. 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan Auction of 10- year government bonds 4- Apr...

  • March 30- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE COUNTRY AUCTION DETAILS 30- Mar Italy Medium-Long Term auction 30- Mar Japan Auction of 2- year government bonds. 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan Auction of 10- year government bonds 4- Apr...

  • QINGDAO, China— After Haier Group bought the General Electric Co. appliance unit last year, the Chinese company's chairman says he gave its American managers unusual orders: Ignore me. Zhang Ruimin built Haier from a failing refrigerator factory in the 1980 s into the biggest maker of major appliances. Zhang, who at 68 is still on the job a decade after many Chinese...

  • *Chicago corn, wheat futures ease ahead of USDA report. "I think investors are squaring things away before the USDA report," said Phin Ziebell, agribusiness economist at National Australia Bank. The market is expecting to confirm this from the USDA tomorrow. "

  • TOKYO, March 30- The dollar edged up to a nine-day high against a basket of currencies on Thursday, with the euro sagging as the European Central Bank showed no sign of stepping away from monetary easing anytime soon. The common currency had dropped about 0.5 percent overnight following a report by Reuters that European Central Bank policymakers were wary of...

  • *Until now Hyundai has focused on fuel cell technology. YONGIN, South Korea, March 30- South Korea's Hyundai Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, preparing a major push into the growing segment by offering multiple models with longer driving ranges. The subcompact or compact models would have...