Wires

  • *Inner Mongolia to shutter about 2.9 mln T of steel capacity. LONDON, Aug 26- Zinc hit its highest levels in 15 months on Friday as bearish speculators scrambled to close out positions, though some investors doubted that the hefty gains were entirely justified. LME zinc rallied to its highest since May 2015 at $2,327.50 a tonne before retreating to $2,321 by 1000...

  • NAIROBI, Kenya— Japanese Prime Minister Shinzo Abe has arrived in Kenya to launch the Tokyo International Summit on African Development which 35 heads of state are expected to attend. Kenyatta says the exchange of ideas and technology can hasten industrialization in Africa, which is key in alleviating poverty. This is the sixth edition of the Tokyo summit on...

  • COLUMBUS, Ohio _ Big Lots Inc. on Friday reported fiscal second-quarter earnings of $22.7 million. For the current quarter ending in November, Big Lots expects its results to range from a loss of 4 cents per share to earnings of 1 cent per share. Big Lots shares have increased 37 percent since the beginning of the year.

  • *Members of OPEC meeting in late September. Brent crude oil futures were down 52 cents at $49.15 per barrel by 0917 GMT, while U.S. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria Sept. 26-28.

  • *Case may dent India's manufacturing export ambitions. India's government, desperate to accelerate growth and create more jobs, has backed a "Make in India" manufacturing push. India already makes everything from car parts to t-shirts, but is trying to move up the chain to make higher-end products, like Apple's iPhone.

  • LONDON, Aug 26- Sterling hovered near a three-week high against the dollar on Friday, supported by solid growth and business investment data that helped offset worries over the impact of Britain's shock vote to leave the European Union. The pound was trading firm at $1.3215, not far from its three-week high of $1.3263 struck on Thursday, and on course for 1.1...

  • BUDAPEST/ WARSAW, Aug 26- The zloty and Polish stocks touched 4- week lows on Friday after Moody's issued a warning over Warsaw's tension with the European Commission, preparing investors for a possible rating downgrade. Regional stock indices mostly dropped, led by half percent loss in Budapest. Oil industry stocks fell, with Slovenia's Petrol shedding 0.4...

  • NEW DELHI, Aug 26- Major international seed companies formed an alliance on Friday to protest against India's moves to toughen regulation, executives said on Friday, reacting to proposals that foresee the compulsory licensing of genetically modified crops.

  • *Yellen to speak in Jackson Hole at 1400 GMT on Friday. LONDON, Aug 26- Gold edged higher on Friday as markets braced for a speech by Federal Reserve chair Janet Yellen later in the session, which is being closely watched for clues on the direction of U.S. interest rates. Spot gold was up 0.3 percent at $1,325.45 an ounce at 0930 GMT, while U.S. gold futures for December...

  • LONDON, Aug 26- Global bond funds pulled in more fresh money in the past week, though appetite for emerging assets stuttered and European stocks extended their outflow streak to a record 29th week, Bank of America Merrill Lynch data showed on Friday. Federal Reserve chair Janet Yellen at a central bankers' gathering in Jackson Hole, where she could offer hints...

  • *Lotte Group Vice Chairman Lee In-won has died. SEOUL, Aug 26- One of the top executives at South Korea's Lotte Group was found dead on Friday, a suspected suicide, hours before he was to be questioned by prosecutors conducting a criminal probe into the country's fifth-largest conglomerate. Lotte Group confirmed the death of Vice Chairman Lee In-won, which comes...

  • ADVISORY-REPEATED ITEMS PUBLISHED AT 0817 GMT WERE ISSUED IN. Please be advised that the following items published at 0817 GMT on Friday are repeats of previously published items. The items were issued in error:.

  • Fed chair Janet Yellen, while South Africa's rand and bonds remained under pressure after a tumultuous week. "People are booking profits after a strong run and South Africa has given them an excuse to do that." The South Africa rand firmed 0.2 percent but was on track to end the week 5 percent down and sovereign dollar bonds continued to sell off, with the 2025 issue...

  • *MSCI All-Country World index hits lowest since Aug. 9. LONDON, Aug 26- The dollar edged down and global shares slipped to a two-week low on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates. The MSCI All-Country World index was down 0.1 percent by 0817 GMT, after...

  • LONDON, Aug 26- European equities edged lower on Friday, with investors focusing on a speech by Federal Reserve Chair Janet Yellen later in the session for hints about the timing of a U.S. interest rate hike. The pan-European STOXX 600 was down 0.2 percent by 0828 GMT, extending the previous session's losses, while Britain's FTSE 100 index fell 0.1 percent.

  • BRIEF-AB INBEV EXPECTS POTENTIAL JOB REDUCTION OF ABOUT 3. PERCENT OF TOTAL WORKFORCE OF THE COMBINED GROUP@ workforce of the combined group@. *Expects potential job reduction of about 3 percent of total workforce of the combined group.

  • BERLIN— Volkswagen's employee council chief is suggesting that the automaker consider taking stakes in suppliers after a dispute disrupted production in Germany. Volkswagen on Tuesday ended the dispute with two suppliers who stopped delivering parts, briefly affecting nearly 28,000 workers at six plants. Employee council chief Bernd Osterloh, who sits...

  • Aug 26- Hong Kong stocks rose on Friday but were flat for the week, reflecting investor caution ahead of a speech by Federal Reserve Chair Janet Yellen. Yellen will speak at the annual gathering of central bankers in Jackson Hole, Wyoming, later in the global day. Most sectors in Hong Kong rose, led by energy and tech stocks.

  • FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy Toolkit" before the Federal Reserve Bank of Kansas City Economic Symposium, "Designing Resilient Monetary Policy Frameworks for the Future"- 1400 GMT. PAUL, United States- Federal Reserve Bank of Minneapolis President Neel...

  • Aug 26- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 26 August Italy Zero-coupon/BTPi auction 29 August Italy Bills auction 29 August France Auction of BTF treasury notes 30 August Italy Medium long-term auction 30 August Belgium Auction of...