Wires

  • BEIJING, Sept 1- Activity in China's manufacturing sector picked up unexpectedly in August but gains were modest, an official survey showed on Thursday, suggesting the world's second-largest economy is steadying but still sluggish. The better-than-expected reading may reinforce growing views among investors that China's central bank will be in no hurry...

  • BEIJING, Sept 1- Activity in China's manufacturing sector picked up unexpectedly in August but gains were modest, an official survey showed on Thursday, suggesting the world's second-largest economy is steadying but still sluggish. The better-than-expected reading may reinforce growing views among investors that China's central bank will be in no hurry...

  • LOS ANGELES— A California grandmother who lost her life savings in a real estate investment scam offered by an insurance agent was awarded more than $15 million Wednesday in a lawsuit against MetLife and two subsidiaries, attorneys said. "I am so grateful to the jurors for seeing through MetLife's finger-pointing argument that they weren't responsible for...

  • BEIJING, Sept 1- Activity in China's services industry expanded again in August, but at a slightly slower pace than in the previous month, an official survey showed on Thursday. The official non-manufacturing Purchasing Managers' Index stood at 53.5 in August, compared to the previous month's reading of 53.9 and above the 50- point mark that separates growth...

  • *Spot gold edged higher 0.1 percent to $1,309.80 per ounce at 0047 GMT. The metal touched a low of $1,304.91 on Wednesday, its lowest since June 24. *On Wednesday, Boston Fed President Eric Rosengren said the Fed should consider that quicker interest rate rises over time could stave off risks to the economy, while Chicago Fed President Charles Evans said he is...

  • BEIJING, Sept 1- Activity in China's manufacturing sector unexpectedly expanded in August, though growth was modest, an official survey showed on Thursday. The official Purchasing Managers' Index rose to 50.4 in August, compared with the previous month's 49.9 and above the 50- point mark that separates growth from contraction on a monthly basis.

  • MELBOURNE, Sept 1- London copper was treading water on Thursday after failing to build enough momentum to move away from two-month lows, with markets waiting for a swathe of data that could shed fresh light on China's appetite for metals. *Shanghai Futures Exchange copper edged up 0.2 percent in the overnight session to 36,340 yuan a tonne. *Activity in China's...

  • BRASILIA, Aug 31- Brazil's Senate ousted President Dilma Rousseff on Wednesday, ending an impeachment process that polarized Latin America's biggest country amid a massive corruption scandal and brutal economic crisis. Rousseff's opponents hailed her removal as paving the way for a change of fortunes for Brazil. Her conservative successor, Michel Temer,...

  • TOKYO, Sept 1- Asian shares dipped on Thursday after lower crude oil prices dented Wall Street, as markets waited to see if U.S. employment data could put the Federal Reserve on track to hike interest rates. "This is setting up to be another difficult session for Asia-Pacific markets," Angus Nicholson, market analyst at IG in Melbourne, wrote in a note.

  • SEOUL, Sept 1- South Korea's exports rebounded in August after falling for 19 straight months, government data showed on Thursday, but analysts stopped short of calling it a firm recovery as the gain was due mainly to two extra working days. Exports in August rose 2.6 percent on-year to $40.13 billion while imports edged up 0.1 percent to $34.82 billion to result...

  • The direction of oil prices is governed by supply and the strength of the dollar, "said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance. U.S. crude futures had climbed 12 cents to $44.82 a barrel by 0025 GMT, after falling $1.65, or 3.6 percent, in the previous session. That came after U.S. crude inventories rose 2.3 million barrels to 1.221...

  • TOKYO, Sept 1- The dollar wavered against the yen and euro on Thursday, its advance put on hold ahead of the closely-watched U.S. non-farm jobs report on Friday which is expected to shape the market's near-term interest rate expectations. On the week, the U.S. currency has gained about 1.5 percent against the yen following comments from Federal Reserve Chair Janet...

  • "These allegations involve extraordinary conduct of a serious and deliberate nature by a global corporation," Australian Competition and Consumer Commission Chairman Rod Sims said in a statement. The Federal Court action adds to what is already proving to be costly legal fallout for the German company as it faces class action lawsuits in Australia and...

  • Sept 1- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 01 September Spain Bond Auction.

  • *Delay comes amid reports of new phone's battery exploding. SEOUL, Sept 1- Tech giant Samsung Electronics Co Ltd said on Wednesday shipments of the Galaxy Note 7 smartphone are being delayed as the firm conducts additional quality control testing for the premium device. The firm also said Galaxy Note 7 shipments to South Korea's top three carriers- SK Telecom Co...

  • SATURDAY, SEPTEMBER 3 HANGZHOU, China- B20 Summit in Hangzhou. TUESDAY, SEPTEMBER 6 MANILA- Euromoney's Philippines Investment Forum 2016. Bank of Philippines Governor Amando Tetangco to attend. WARSAW- National Bank of Poland holds monetary policy council meeting.

  • THURSDAY, SEPTEMBER 1 ALPBACH, Austria- National Bank of Austria Governor Ewald Nowotny takes part in a panel discussion on "Easy Money Policy: Free Money for All or Necessary Safety Net?" LEXINGTON, United States- Federal Reserve Bank of Cleveland President Loretta Mester speaks on " Community Development" before the 2016 Kentucky Summit on Philanthropy hosted...

  • THURSDAY, SEPTEMBER 1 ALPBACH, Austria- National Bank of Austria Governor Ewald Nowotny takes part in a panel discussion on "Easy Money Policy: Free Money for All or Necessary Safety Net?" LEXINGTON, United States- Federal Reserve Bank of Cleveland President Loretta Mester speaks on " Community Development" before the 2016 Kentucky Summit on Philanthropy hosted...

  • The Forest Service and Natural Resources Conservation Service offices in Hamden, Connecticut, as well as the USDA office in Leetown, West Virginia, would reopen on Thursday, Herrick said. The closures were triggered by one email message sent to multiple employees at USDA offices in Hamden and Leetown, along with offices in Fort Collins, Colorado; Beltsville,...

  • SEOUL, Sept 1- Following are South Korea's preliminary export and import figures for August, released by Korea Customs Service on Thursday:. AUGUST* JULY Balance 5.3 7.6 Exports 40.1 40.1 2.6 -10.3 Imports 34.8 33.4 0.1 -13.6* Revised July figures released on August 16. NOTES:- Reuters poll: Exports were seen rising 0.6 percent in August over a year earlier while...