Wires

  • LONDON, Aug 25- Portugal's borrowing costs pulled away from recent one-month highs on Thursday after an agreement on the recapitalisation of ailing state-owned bank CGD eased worries about the health of the country's banking sector. The news bought some relief to Portuguese bond yields, which last week suffered the biggest weekly jump in almost four months...

  • LONDON, Aug 25- British car production rose in July but at a slower pace than in June, according to an industry group which urged the government to make sure the country's exit from the European Union does not hamper the sector. According to the Society of Motor Manufacturers and Traders, output in July rose 7.6 percent to 126,566 units, driven by a 14.1 percent jump...

  • LONDON, Aug 25- British car production rose in July but at a slower pace than in June, according to an industry group which urged the government to make sure the country's exit from the European Union does not hamper the sector. According to the Society of Motor Manufacturers and Traders, output in July rose 7.6 percent to 126,566 units, driven by a 14.1 percent jump...

  • The backlash against trade threatens a pillar of U.S. policy since World War II: Through trade pacts and institutions like the World Trade Organization, the United States has sought to rip down barriers to global commerce, including quotas and taxes on imports. But doubts lingered, especially as China emerged as an economic power. Whatever the reasons, the United...

  • *Nielsen, IMS Health, WPP interested- WirtschaftsWoche. It said U.S. rivals Nielsen Holdings and IMS Health as well as WPP unit Kantar were interested in Nuremberg-based GfK, known for its consumer confidence indices and TV audience ratings. Nielsen, IMS Health and WPP were not immediately available for comment.

  • MILAN, Aug 25- European shares fell in opening deals on Thursday with mining stocks leading losers for a second day in a row, while German market research firm GFK soared on merger and acquisition talk. The pan-European STOXX 600 index was down 0.8 percent by 0714 GMT, pulling back after reaching a new one-week high in the previous session. The STOXX 600 Basic...

  • BEIJING, Aug 25- China stocks ended at their lowest in nearly two weeks on Thursday, as banks and property companies eased after the government imposed stricter rules on lending to head off growing risks in the financial system. The CSI300 index, which tracks the largest listed companies trading in Shanghai and Shenzhen, fell 0.6 percent to 3,308.97 points, while...

  • SINGAPORE, Aug 25- Oil prices dipped on Thursday, extending the previous day's decline, as the market focus returned to a global supply overhang, although a surprise fall in Chinese crude inventories did lend some support. International benchmark Brent crude oil futures were trading down 10 cents at $48.85 per barrel at 0709 GMT, having closed down 1.8 percent...

  • *Welspun shares fall again, recover to trade flat by midday. CHICAGO/ NEW DELHI, Aug 25- U.S. retailer Bed Bath& Beyond said it ordered an external audit of textiles from Welspun India, putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week. At Thursday's low, Welspun had a market value of 53.55...

  • WASHINGTON— The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more. They've pumped trillions into financial systems and driven interest rates about as low as they can go— even below zero in Europe and Japan. "It's pushing on a string if...

  • JOHANNESBURG, Aug 25- South African retailer Woolworths Holdings reported an 8.9 percent rise in full-year profit as its food sales gained more market share despite a weak economy its home market. *Adjusted diluted headline earnings per share was 453.4 cents for the year until June 30 compared to 416.4 cents in the previous year. *Headline earnings per share is...

  • *Massmart posted diluted headline earnings per share before forex for 26 weeks to June 26 of 145.8 cents, up from 124.2 cents. *Sales for 26 weeks to June 26 rose 8.7 percent to 42.31 billion rand. *Massmart plans to open five new stores in the rest of Africa in the next two years, expanding in Ghana, Mozambique, Nigeria and Zambia.

  • NEW YORK— Shares wavered in thin but volatile trading in Asia on Thursday, following a bleak day on Wall Street led by declines in health-care stocks as outrage mounts over steep price hikes for Mylan's EpiPens. Investors are awaiting a speech by Federal Reserve chair Janet Yellen's on Friday. KEEPING SCORE: Japan's Nikkei 225 index fell 0.3 percent to 16,555.95...

  • TOKYO, Aug 25- Japanese stocks edged down in thin trade on Thursday due to caution ahead of a speech by Federal Reserve Chair Janet Yellen on Friday, with global markets hoping for clues on the outlook for U.S. rates. The benchmark Nikkei shed 0.3 percent to 16,555.95. The broader Topix dropped 0.2 percent to 1,304.27, with 1.349 billion shares changing hands,...

  • TEHRAN, Iran— The whirling hum of a dialysis machine could have been the soundtrack to the rest of Zahra Hajikarimi's life but for an unusual program in Iran that allows people to buy a kidney from a living donor. Iran's kidney program stands apart from other organ donation systems around the world by openly allowing payments, typically of several thousand...

  • *MSCI Asia-Pacific index up 0.2 pct, Taiwan gains. HONG KONG, Aug 25- Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. Japan's Nikkei was down 0.3 percent, pressured by losses on Wall...

  • *Letter marks escalation in long-running feud with India. NEW DELHI, Aug 25- Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker. A letter sent by Monsanto's local partner in India, the...

  • LAUNCESTON, Australia, Aug 25- Is nickel's current rally sustainable or is the metal merely having a strong run because market participants are more focused on the environmental crackdown in top ore miner the Philippines, rather than on the surge in Indonesian ferronickel exports? China imported 3.163 million tonnes of nickel ore and concentrates from the...

  • The shortage of cotton from Egypt, which commands a premium due to its superior quality, creates an incentive to blend it with other types of cotton without disclosing it or to counterfeit the label altogether, cotton traders said, exacerbating a problem that has plagued the industry for years. While other countries including the United States and Australia...

  • TOKYO, Aug 25- The dollar was range-bound in illiquid Asian trade on Thursday as major currencies continued to tread water ahead of the global central bankers' gathering in Jackson Hole, Wyoming, at which Federal Reserve Chair Janet Yellen may offer new clues on U.S. monetary policy. Fed officials including Vice Chairman Stanley Fischer and New York Fed...