Wires

  • TOKYO, Sept 29- Japan's Nikkei share average rose more than 1 percent on Thursday as investors took heart from a weaker yen and rallying oil prices after OPEC's unexpected agreement to trim crude output. "The OPEC move was a surprise, and left some hedge funds scurrying to cover their short positions," said Norihiro Fujito, a senior investment strategist at...

  • *Commodity currencies benefit from OPEC output cut deal. TOKYO, Sept 29- Commodity-linked currencies held firm on Thursday after OPEC agreed to cut oil output in the first such deal since 2008, boosting oil prices while a broad gain in risk assets dented the yen. The Organization of the Petroleum Exporting Countries said it would reduce output to a range of...

  • TAIPEI, Sept 29- Taiwan stocks rose on Thursday on resumption of trading after a two-session break due to a typhoon, as gains in overseas markets boosted investor sentiment. Typhoon Megi, the third typhoon in this month to slam into Taiwan, killed four people and injured hundreds more, prompting work and school closures. On Wednesday, the Taiwan state-controlled...

  • *BHP shuts Olympic Dam mine after power outage. SYDNEY, Sept 29- BHP Billiton said a massive blackout in South Australia has forced it to suspend production at its Olympic Dam copper, gold and uranium mine to divert back-up power to maintain essential operations at the remote site. "Following the loss of power in South Australia, Olympic Dam was able to safely shut...

  • Separate legislation was approved by the House of Representatives earlier in the day setting aid for Flint. It must now be reconciled with a somewhat different bill passed by the Senate. The Senate voted 72-26 earlier on Wednesday to adopt the short-term spending bill.

  • *Oil rallies as OPEC agrees to first output cut in 8 years. HONG KONG, Sept 29- Oil prices extended gains in Asia on Thursday, boosting stock markets, 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 nears. It was OPEC's first agreement to cut production since 2008,...

  • SEOUL, Sept 29- Samsung Electronics Co Ltd said on Thursday it expects to have recovered more than 80 percent of recalled Galaxy Note 7 smartphones sold in South Korea by Oct. 1, when the firm plans to resume sales of the device in its home market. On Sept. 2, Samsung announced a global recall of at least 2.5 million Note 7 s in 10 markets due to faulty batteries causing...

  • SYDNEY, Sept 29- Power was restored to the state of South Australia on Wednesday after storms a day earlier caused an unprecedented statewide blackout which disrupted operations at mining majors like BHP Billiton's, closed ports and halted public transport. Coal-fired power plants dominate the country's power sector resulting in Australia being one of the...

  • *Commodity-linked currencies held firm on Thursday after OPEC agreed to cut oil output in the first such deal since 2008, boosting oil prices sharply. *Oil futures extended gains on Thursday after rising nearly 6 percent the day before on a surprise move by OPEC to curb crude output. *Wall Street ended higher on Wednesday after an OPEC agreement to limit crude...

  • Germany is part of a European consortium that funded development of the troubled A400M transport plane by Airbus, but German studies have shown it will need some smaller planes since the A400M cannot land on unprepared runways. Von der Leyen declined comment on whether Germany could buy C-130J Super Hercules transport planes built by Lockheed Martin Corp on...

  • Germany is part of a European consortium that funded development of the troubled A400M transport plane by Airbus, but German studies have shown it will need some smaller planes since the A400M cannot land on unprepared runways. Von der Leyen declined comment on whether Germany could buy C-130J Super Hercules transport planes built by Lockheed Martin Corp on...

  • WASHINGTON, Sept 28- The U.S. Congress on Wednesday overwhelmingly approved and sent to President Barack Obama legislation preventing government shutdowns at the end of this week by temporarily funding federal agencies through Dec. 9. The bill, which Obama is expected to promptly sign into law, also appropriates $1.1 billion in new money to battle an outbreak...

  • SYDNEY, Sept 29- Australia's east coast will likely see wetter conditions than usual for the rest of 2016, stoking fears of wheat production losses in the world's No. 4 exporter of the grain. Australia's east coast churns out the country's high protein wheat, meaning output losses would limit exportable supplies of the more desirable grain.

  • MANILA, Sept 29- London lead futures rose as much as 1 percent on Thursday to the highest since May last year amid expectations for brisk demand, while nickel held near seven-week highs on supply risks from top ore exporter Philippines. On the Shanghai Futures Exchange, the most-traded lead for November delivery rose 2.2 percent to 15,005 yuan a tonne.

  • But the real question is whether this is the start of sustainable gains for the oil price, and much will depend on what OPEC actually does, and how the rest of the producers respond. Firstly, apart from the shock value of delivering an agreement, all OPEC actually did was kick the can down the road to their November meeting. OPEC is an organisation that has been riven by...

  • ST. LOUIS, Sept 28- Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between. "The low interest rate environment is not just a U.S. phenomenon, or simply a situation engineered by...

  • *Spot gold had risen 0.3 percent to $1,324.76 an ounce by 0047 GMT. *U.S. gold futures were up 0.4 percent at $1,328.30 an ounce. *OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • SINGAPORE, Sept 29- Oil futures extended gains on Thursday after rising nearly 6 percent the day before on a surprise move by OPEC to curb crude output. But 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 extended to non- OPEC countries such as Russia. "The decision really took...

  • TOKYO, Sept 29- Japan's retail sales fell more than expected in August for the sixth straight month of annual declines due to falling sales of clothes and home appliances- keeping policymakers under pressure to find ways of beefing up household spending. The weak reading underscores the relative fragility in Japan's economy, with slow wage growth and gloomy...

  • *Commodity currencies benefit from OPEC output cut deal. TOKYO, Sept 29- Commodity-linked currencies held firm on Thursday after OPEC agreed to cut oil output in the first such deal since 2008, boosting oil prices sharply. The Organization of the Petroleum Exporting Countries would reduce output to a range of 32.5-33.0 million barrels per day, a reduction of...