Wires

  • *London copper up after losses the day before. SYDNEY, Dec 8- London copper futures edged up on Thursday after losses the session before, buoyed as the U.S. dollar lost ground. The most-traded copper contract on the Shanghai Futures Exchange slipped 1.48 percent to 47,220 yuan a tonne, with traders attributing the modest retreat to profit-taking and a switch to...

  • *Q3 GDP revised to annualized +1.3 pct vs prelim +2.2 pct. TOKYO, Dec 8- Japan's economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories- renewing concerns about Japan's growth prospects. "Capex and consumer spending are the twin engines of domestic demand, and...

  • NEW YORK— A popular New York restaurant has become the latest victim of a fake-news conspiracy about Hillary Clinton running a child sex ring out of a Washington, D.C., pizza joint. The threatening calls came after social-media users connected the restaurant to the Pizzagate hoax centered on the Washington restaurant Comet Ping Pong. Police say the hoax took a...

  • SYDNEY, Dec 8- Planned changes to Papua New Guinea's mining laws are creating uncertainty ahead of an upcoming election, despite strong interest in proposed multibillion dollar mining and energy projects in the Pacific nation, lenders and advisers say. The quality of the copper, gold and gas resources in the country mean there is appetite to lend to projects...

  • SYDNEY, Dec 8- U.S. wheat futures edged higher on Thursday, rebounding from a five-day low touched in the previous session, although ample global supplies put a ceiling on gains. *The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $4.03 a bushel, having closed down 1.4 percent on Wednesday when prices fell to a low of $3.99-1/ 2 a bushel- the...

  • NEW YORK, Dec 7- Donald Trump clashed on Wednesday with a union official who accused the president-elect of lying about the number of jobs saved in a deal to keep air conditioner maker Carrier from moving some jobs from Indiana to Mexico. Chuck Jones, president of United Steelworkers Local 1999, which represents workers at United Technologies Corp's Carrier...

  • International Brent crude futures were trading up 18 cents, or 0.34 percent, at $53.18 a barrel at 0116 GMT. But stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures, increased by a hefty 3.8 million barrels last week, the most since 2009, according to data from the U.S. Energy Information Administration on Wednesday. Oil prices have been supported...

  • TOKYO, Dec 8- Japan will increase an interest-free loan to the operator of the wrecked Fukushima nuclear plant, Tokyo Electric Power, by more than a third to 14 trillion yen, a source familiar with the matter said on Thursday. The increase in the loan from 9 trillion yen is to cover the costs for compensation and decontamination areas around the plant, according to...

  • SYDNEY, Dec 8- London copper futures edged up on Thursday after losses the session before, while Shanghai copper lost more ground on mounting concerns a recent rally pinned on strong physical demand was overstretched. *The most-traded copper contract on the Shanghai Futures Exchange slipped 1.38 percent to 47,270 yuan a tonne. *Asian shares hopped higher on...

  • Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.. "This is the fourth consecutive year of spending reductions," Chief Executive John Watson said in a statement. San Ramon, California- based Chevron reported a drop in third-quarter profit in...

  • BEIJING, Dec 8- Singapore Exchange Ltd said on Thursday the opening of Nikkei 225 index futures has been delayed. It said members have been informed and it will update its information on the situation as soon as possible. It did not give a reason for the delay.

  • TOKYO— Japan's economy grew at a slower pace than earlier estimated in the July to September quarter, expanding at an annual pace of 1.3 percent. Japan has yet to attain the strong momentum Prime Minister Shinzo Abe promised with his economic platform, which has mostly relied on massive asset purchases by the central bank. The country remains far from the 2...

  • OPEC is relying on continued growth in U.S. gasoline consumption, as well as other fuels, coupled with faster growth in demand from emerging markets, to help rebalance the oil market in 2017.. Gasoline demand depends on continued GDP growth in the United States, where the expansion is becoming increasingly mature, and the transition to a new administration has...

  • Dec 7- Abbott Laboratories said on Wednesday that it had moved to terminate its proposed acquisition of Alere Inc, citing a "substantial loss" in the value of the diagnostics company since they struck a deal 10 months back. Abbott filed a complaint in the Delaware Court of Chancery to kill the deal it struck with Alere in late January, worth $5.8 billion at the time.

  • Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017.. The company said the 2017 budget represents a reduction of 42 percent from 2015 outlays and is expected to be at least 15 percent lower than projected 2016 capital investments. Chevron said in March it would slash its capital budget...

  • NEW YORK, Dec 7- President-elect Donald Trump took aim at drugmakers on Wednesday by promising in a magazine interview that "I'm going to bring down drug prices," sending shares of pharmaceutical and biotechnology companies lower. In a cover story for Time magazine, which named him its Person of the Year, Trump said: "I don't like what has happened with drug prices."

  • *Q3 GDP revised to annualized +1.3 pct vs prelim +2.2 pct. *Capex -0.4 pct qtr/qtr vs prelim 0.0 pct. TOKYO, Dec 8- Japan's Cabinet Office slashed its economic growth reading for July-September on Thursday, revising down initial estimates of capital expenditure and inventories- renewing concerns about Japan's growth prospects.

  • SINGAPORE, Dec 8- The euro held firm near a three-week high versus the dollar on Thursday, as investors turned their attention to the European Central Bank's policy meeting later in the day, and as the greenback was dragged down by a drop in U.S. bond yields. Emphasizing abundant risk, including from forthcoming elections in Europe, ECB President Mario Draghi is...

  • The federal government will allow one of the nation's largest for-profit college companies to be sold only if the new owners put up $385 million as insurance and agree not to increase enrollment, among other terms. Apollo Education Group, the parent company of the University of Phoenix, agreed in February to be bought by a consortium of investors for $1.1...

  • Dec 8- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 8- Dec Japan 3- month discount bill auction 8- Dec Japan Auction of 30- year Government Bonds 8- Dec Sweden Auction of Inflation-Linked Government.