×

Wires

  • SHANGHAI, Feb 22- Hong Kong stocks on Wednesday morning erased the previous day's loss, helped by record-setting U.S. markets overnight and stronger inflows from the mainland. China's main stock indexes edged lower. Investors were unfazed by official data showing that China's home price growth slowed for the fourth straight month in January as demand cooled...

  • BEIJING, Feb 22- China's home price growth slowed for the fourth straight month as demand cooled further in its biggest cities, a welcome sign for policymakers as they seek to defuse bubbles in the world's second-largest economy amid an explosive growth in debt. Over the past year, authorities have slapped curbs on China's property sector- a major contributor to...

  • Feb 22- The Hong Kong government issued fourth-quarter gross domestic product data on Wednesday showing that the economy grew a seasonally adjusted 1.2 percent over the third-quarter of 2016 and rose 3.1 percent from the same period last year. KEY FIGURES GROSS DOMESTIC PRODUCT. 2016 2015 Q4 Q3 Q2 Q1 Q4 year-on-year 3.1 2.0 ^ 1.7 1.0 ^ 1.9 Quarter-on-quarter...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK, Feb 22- Northern Trust Corp has deployed a new blockchain-based system built with International Business Machines Corp to record information on transactions involving private equity funds, in one of the first commercial deployments of the nascent technology. The program is currently being used to manage the administration of a private equity...

  • LAUNCESTON, Australia, Feb 22- Something is not quite adding up in China's iron and steel markets, with the reasons for the current rally in prices for both commodities jarring uncomfortably with actual data. Iron ore futures on the Dalian Commodity Exchange on Tuesday hit the highest since the contract was launched in 2013, reaching an intraday peak of 741.5...

  • Feb 21- SourceHOV LLC, Novitex Holdings Inc and Quinpario Acquisition Corp 2 agreed to combine in a deal valued at about $2.8 billion, to scale up their businesses in the financial technology and business services industry. "Our combination with Novitex fundamentally increases our scale, making us a more strategic partner to customers in their quest for...

  • *Escondida, Grasberg outages offer support. SYDNEY, Feb 22- Copper prices slipped on Wednesday as some traders took profits and reduced their positions ahead of the release of U.S. Output is shut because of a strike at Chile's Escondida mine, the world's largest.

  • *Spot gold looks neutral in $1,233- $1,240 range- technicals. "Although U.S inflation has risen, the expectation of a rate hike in March is not very high," said Jiang Shu, chief analyst at Shandong Gold Group. Spot gold looks neutral in a range of $1,233- $1,240 per ounce, and an escape could suggest direction, according to Reuters technical analyst Wang Tao. "

  • TOKYO, Feb 22- Japanese government bonds firmed on Wednesday after the Bank of Japan made purchase offers under its JGB buying operations that were in line with amounts of previous operations. But the BOJ offered to buy the same amounts as it has in its most recent operations earlier this month: 450 billion yen of JGBs maturing in five to 10 years, 420 billion yen of...

  • HONG KONG, Feb 22- China's yuan fell slightly against the U.S. dollar after the central bank set a weaker midpoint on Wednesday, but trading stayed in a narrow range as traders awaited clues on market direction. The People's Bank of China set the midpoint rate at 6.883 per dollar prior to market open, weaker than the previous fix of 6.879. Ken Cheung, an Asian FX...

  • *Japan "integrated resort" would cost $6- 10 bln- CEO. TOKYO, Feb 21- A resort hosting casinos in Japan could cost up to $10 billion to build, Las Vegas Sands Corp's chief said, as the casino operator looks to win operating rights in what is widely expected to become the world's second-biggest casino market. "It would be at least what we paid in Singapore, $6 billion...

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.

  • SEOUL, Feb 22- South Korea's finance minister said on Wednesday he will seek a meeting with U.S. Finance Minister Yoo Il-ho said "face-to-face time" with Mnuchin will make it easier for the two to discuss "deeper issues," to reporters on the sidelines of an event in Seoul. The G20 meeting will take place in Baden-Baden, Germany on March 17 to 18.

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. On Tuesday, the March contract expired up 66 cents, or 1.2 percent, at $54.06, after peaking at $54.68, the highest...

  • The EPA had until April 2018 to decide whether the 2025 standards were feasible but in November moved up its decision to Jan. 13, just before Obama left office. Separately, the Association of Global Automakers, a trade group representing Honda Motor Co, Nissan Motor Co Ltd, Hyundai Motor Co and others, said late Tuesday it had formally petitioned the EPA to withdraw...

  • SYDNEY, Feb 22- U.S. soybean prices rose on Wednesday to move away from a three-week low touched the session before, but gains were checked as favorable growing weather in South America stoked expectations of ample global supply. *The most active soybean futures on the Chicago Board of Trade, for March, gained 0.3 percent to $10.29-1/ 2 a bushel.

  • TOKYO, Feb 22- Japanese stocks edged down on Wednesday morning in choppy trade as a pause in the dollar's rise against the yen kept investors on the sidelines as they awaited the minutes of the U.S. In Asian trade, the dollar was 0.2 percent lower at 113.52 yen, edging away from its peak of 114.955 yen touched a week ago, which was its highest since late January.

  • *Listing of Aramco could raise up to $100 billion. Feb 21- Oil company Saudi Aramco has selected JPMorgan Chase& Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Saudi authorities are aiming to list up to 5 percent of the...