Wires

  • WASHINGTON— Federal regulators have approved a first-of-a-kind "artificial pancreas," a device that can help some diabetes patients manage their disease by constantly monitoring their blood sugar and delivering insulin as needed. The device from Medtronic was approved Wednesday for patients with Type 1 diabetes, the kind usually diagnosed during...

  • Sept 29- Goldman Sachs said the deal reached by OPEC crude producers on Wednesday to curb output should add $7 to $10 to oil prices in the first half of next year. Members of the Organization of the Petroleum Exporting Countries agreed on Wednesday to modest oil output cuts in the first such deal since 2008, with group leader Saudi Arabia softening its stance on...

  • HONG KONG, Sept 29- Oil shares pulled regional stock markets higher on Thursday after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the U.S. presidential election neared. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.9 percent by mid-morning, thanks to a bounce in energy...

  • BEIJING, Sept 29- Downward pressure on China's trade is growing due to various destabilising factors, a Commerce Ministry official said on Thursday. Zhang Ji, an assistant minister, did not elaborate on the destabilising factors, but stressed that global demand remained sluggish and "impossible" to change fundamentally this year, though January-August trade...

  • NEW YORK, Sept 29- The Federal Reserve and Bank of Japan's actions last week have given a second wind to an alternative investment strategy that relies on cheap money and low market volatility to produce outsized returns. The funds had a rough 2015 when volatility spiked because of concerns about China's economy and tumbling oil prices, prompting investors to...

  • Sept 29- Wells Fargo& Co's Chief Executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street. California, Wells Fargo's home state, suspended business relationships with the bank for a year on Wednesday...

  • READING, England, Sept 29- Heavy machinery whirrs and clanks on the factory floor of precision metalworking firm Robert Bion& Co, where a planned three-metre robotic arm would have been speeding up output by now, if Britain had not voted to leave the European Union. "We're waiting to get a clear idea of what the future might be before we make any significant...

  • SHANGHAI, Sept 29- China's yuan firmed slightly on Thursday, as corporate demand for dollars was offset by ample liquidity from state banks in the lead up to next week's long national day holiday. China's financial markets are shut for the National Day holiday from Oct. 1 to Oct. 7. The People's Bank of China set the midpoint rate at 6.6700 per dollar prior to market...

  • BOSTON— Denmark's Crown Prince Frederik and his wife Mary are kicking off a two-day trade mission to Boston. On Thursday, Frederik is scheduled to join Democratic Boston Mayor Marty Walsh for an event at Boston University highlighting ways to promote urban sustainability and climate resilience, including ways to "future-proof" cities. Charlie Baker at the...

  • *Energy stocks jump on higher oil prices after surprise OPEC deal. SHANGHAI, Sept 29- Hong Kong and China shares rose on Thursday, with sentiment lifted by a jump in energy stocks as oil prices surged after OPEC members agreed to curb output in a surprise deal. An index tracking Hong Kong's energy sector jumped 5 percent, as Chinese oil giants CNOOC, PetroChina and...

  • CORNWALL-ON-HUDSON, N.Y.— While Donald Trump talks tough about dealing with China, his old military prep school is building bridges to that country. The New York Military Academy began classes this fall with new Chinese backing and a former New York City high school principal, originally from China, in charge. The center was formed by the family of the chairman of...

  • SINGAPORE, Sept 29- Oil futures retreated on Thursday as the market grew more sceptical on how OPEC would implement a plan to curb oil output a day after the group agreed to limit production. OPEC said each member's output cuts will be decided at its next formal meeting in November, when an invitation to join the deal could also be extended to other producers such as...

  • SINGAPORE/ SEOUL, Sept 29- Asian crude oil buyers remained cautious, eyeing details of an OPEC deal after the oil-producers group agreed for the first time since 2008 to reduce output in an oversupplied market. However, how much each country will produce is to be decided at the next formal OPEC meeting in November, when an invitation to join cuts could also be...

  • *Focus shifts to U.S., Europe economic data. Fed officials have weakened their credibility and the market has stopped buying their comments, "said Jiang Shu, chief analyst at Shandong Gold Group. "For now, we can see gold move in the band of $1,300 to $1,350."

  • SEOUL, Sept 29- Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said on Thursday it is in talks with a U.S. watchdog to address potential safety problems related to some of its washing machines. The South Korean tech company's comments came as the U.S. Consumer Product Safety Commission warned of problems with some of...

  • CANBERRA, Australia— A rush by Australia's state governments to switch to clean electricity sources could undermine the country's energy security, the federal government warned Thursday after an entire state lost power. South Australia state lost power on Wednesday as it was lashed by two tornados, thunder storms and fierce winds that caused traffic chaos,...

  • UNITED NATIONS— The Paris Agreement on Climate Change appears likely to enter into force with India announcing that it has ratified the agreement and the EU signaling it may ratify within the next few days, officials said. If that were to happen before Oct. 7 the next U.N. conference on climate change set to take place in Marrakech would begin on Nov. 7 with the...

  • HOUSTON, Sept 29- It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut production on Wednesday in a move that lifted low prices ravaging their budgets. U.S. benchmark crude rose more than 5 percent to $47 a barrel on the news, pending final details about the cut, which won't be known until after another...

  • *Shanghai lead surges to highest since 2013. MANILA, Sept 29- London lead futures climbed to the highest since May last year on Thursday amid worries over tighter supply in top market China and elsewhere, while nickel held near seven-week highs on similar supply risks from top ore exporter Philippines. The supply of lead concentrate in China is "very tight and the...

  • *Rains seen hurting Australia's near-record wheat crop. SINGAPORE, Sept 29- Chicago soybeans bounced back on Thursday, rising almost 1 percent on strong demand from top importer China, although expectations of a quickened pace for the U.S. harvest capped gains. Chicago Board of Trade most-active soybean contract rose 0.9 percent to $9.53-1/ 2 a bushel by 0246 GMT,...