Wires

  • LONDON, Aug 24- German rating firm Scope says it is in talks to become one of the European Central Bank's recognised sovereign credit agencies, though tough requirements mean the process could take at least three years. Scope would become the first agency based in continental Europe to rate assets included in the ECB's purchase programme, and its acceptance...

  • BEIJING, Aug 24- PetroChina Co Ltd, the country's largest oil and gas producer, reported sharply lower profits for the first half of the year, hit by slowing demand growth for refined products as well as weak crude oil and natural gas prices. Faced with the worst downturn in the oil sector in a generation, the state-owned company said profit attributable to its...

  • LONDON, Aug 24- European stocks edged toward consecutive daily gains for the first time in three weeks on Wednesday, drawing support from a weak euro as investors moved to price in a U.S. interest rate rise, boosting the dollar. Some observers said that, on a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in...

  • SEOUL, Aug 24- Audi is recalling 1,534 A8 cars in South Korea due to a stalling problem, the transport ministry said on Wednesday, adding it was the first country where the German carmaker was recalling the model for such a defect. The Volkswagen division will expand the recall to the United States and other countries, South Korea said, in what would be a further blow...

  • Industry data from the American Petroleum Institute showed on Tuesday that U.S. crude inventories had risen by 4.5 million barrels in the week ending Aug. 19. WTI was down $1.03, or 2.1 percent, at $47.07 a barrel at 1137 GMT. Global benchmark Brent crude was down 69 cents, or 1.4 percent, at $49.27 a barrel, after touching an intraday low of $49.07.

  • WEST WARWICK, R.I. _ Astro-Med Inc. on Wednesday reported fiscal second-quarter earnings of $1.3 million. The West Warwick, Rhode Island- based company said it had profit of 17 cents per share. Astro-Med shares have climbed 11 percent since the beginning of the year.

  • NAIROBI, Aug 24- Kenya has finalized an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. A statement from President Uhuru Kenyatta's office quoted Energy and Petroleum Minister Charles Keter as saying the three partners and the government had finalized the pipeline's development plan. In April, Keter said the pipeline- to run 891 km...

  • NAIROBI, Aug 24- Kenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. A statement from President Uhuru Kenyatta's office quoted Energy and Petroleum Minister Charles Keter as saying the three partners and the government had finalised the pipeline's development plan. In April, Keter said the pipeline- to run 891 km...

  • Aug 24- U.S. stock index futures were flat on Wednesday as investors keep up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of a rate hike. *Wall Street has been on a record-setting run due to continued expectations for low rates, coupled with upbeat corporate earnings and strong economic data. *Wall Street closed higher...

  • NEW DELHI, Aug 24- Swedish home furnishing giant IKEA AB said it would continue doing business with Welspun India while it awaits the outcome of the Indian textile manufacturer's probe into its sales practices. Welspun's shares have plummeted this week after U.S. big-box retailer Target terminated business with the firm, saying it had passed off cheap sheets...

  • PARIS, Aug 24- Leaked documents about French naval contractor DCNS' Scorpene submarines appear to be neither critical nor confidential, a source close to the matter said on Wednesday.

  • PARIS, Aug 24- Leaked documents about French naval contractor DCNS' Scorpene submarines appear to be neither critical nor confidential, a source close to the matter said on Wednesday.

  • ATHENS, Greece— The European Union's executive commission has publicly defended Greece's former statistics chief, who is facing trial for allegedly misreporting deficit figures. Marianne Thyssen, the EU labor commissioner, said Wednesday she had written to the Greek government asking it to uphold the independence of the country's statistical agency.

  • WASHINGTON— The National Association of Realtors reports on July sales of existing homes Wednesday at 10 a.m. Eastern. That would be a pullback from June's 1.1 gain percent gain to a rate of 5.57 million, the highest level since February 2007. The median home sales price for existing homes reached $247,700 in June, up 4.8 percent from a year ago.

  • PARIS, Aug 24- French naval contractor DCNS on Wednesday said it was working to determine if harm had been caused to its clients by a massive leak of secret documents about its Scorpene submarines published in Australian media.

  • *Focus on Yellen speech at Jackson Hole on Friday. Policymakers from across the globe will gather in the U.S. mountain resort of Jackson Hole at the end of the week, where the focus lies squarely on a speech by Fed Chair Janet Yellen. A raft of U.S. housing data due later in the day was not seen as likely to move the dollar much ahead of the all-important Jackson Hole...

  • EDINBURGH, Aug 24- Scotland's fiscal deficit stood at about a tenth of its economy in the year to March 2016, hammered by a slump in oil and gas revenues and potentially dampening arguments for Scottish independence. She said Britain's decision to leave the European Union in a referendum in June, which was not supported by voters in Scotland, was threatening...

  • JIASHAN, China _ ReneSola Ltd. on Wednesday reported second-quarter net income of $5.5 million, after reporting a loss in the same period a year earlier. The Jiashan, China- based company said it had profit of 5 cents per share. The company expects full-year revenue in the range of $900 million to $1.1 billion.

  • CHICAGO, Aug 24- Two of the world's biggest agricultural trading houses bungled crop sales they made on behalf of U.S. farmers this year because of what one described as "unique" price moves for soybeans, prompting both to take rare steps to keep disgruntled customers. Every year, hundreds of U.S. farmers trust major grain traders, including privately held Cargill...

  • COLUMBUS, Ohio _ Express Inc. on Wednesday reported fiscal second-quarter net income of $10.1 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Five analysts surveyed by Zacks expected $524.8 million.