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Wires

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were up 10 cents, or 0.2...

  • FRANKFURT, July 21- German industrial group Siemens will exit its Russian power-plant joint venture Interautomatika following a scandal that saw four gas turbines it sold for use in Russia turn up in Crimea, a region subject to EU sanctions on energy technology. Siemens said it had reviewed its licensing agreements with Russian companies associated with the...

  • TOKYO, July 21- Japanese government bonds mostly edged higher on Friday, a day after the Bank of Japan trimmed its inflation forecasts. The Ministry of Finance's sale of off-the-run JGBs in a liquidity enhancing auction met solid demand, which underpinned market sentiment. Weekly investment flow data released earlier in the session showed foreign investors...

  • BERLIN— Germany's finance minister is comparing Turkey with communist East Germany after his government toughened its stance toward Ankara following the jailing of a human rights activist. Finance Minister Wolfgang Schaeuble told Friday's edition of Bild newspaper that Turkey is now arresting people arbitrarily and failing to comply with minimum...

  • LONDON, July 21- Vodafone, the world's second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey. Chief Executive Vittorio Colao said the group had made a good start to the year in Europe, helped by demand for data...

  • TOKYO, July 21- Japan's Nikkei share average edged down on Friday as investors took profits on steelmakers, offsetting gains in Yaskawa Electric and other machinery makers. The Nikkei has managed to stay above 20,000 for most of the time since July 10, in which time the dollar dropped to below 112 yen from mid-114 yen. "On a daily basis, the market gets emotional about...

  • July 21- Bank Indonesia Governor Agus Martowardojo told reporters:.

  • STOCKHOLM, July 21- Swedish biometric firm Fingerprint Cards said on Friday it had struck a deal to include its sensors in several Qualcomm products, after posting second-quarter earnings below market forecasts. The fingerprint sensor maker has warned on profits three times since the end of 2016, eroding confidence in the company, which- combined with sector...

  • LONDON, July 21- Vodafone, the world's second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey.

  • *Dispute highlights wider concerns over pollution in Vietnam. HANOI, July 21- Vietnamese villagers blockading a textile plant that serves global fashion brands are seeking the permanent closure of the factory due to pollution concerns, highlighting a growing readiness in Vietnam to campaign over environmental issues. The blockade marks another challenge...

  • July 21- China's yuan eased against the U.S. dollar on Friday despite the central bank's strongest midpoint guidance fixing since October and further weakness in the greenback. Before the market opened, China's central bank set the midpoint rate at 6.7415 per dollar, its highest level since Oct. 20, 2016, and 49 pips higher than the previous day's fix.

  • Reserve Bank of Australia Deputy Governor Guy Debelle, speaking at an event in Adelaide, quashed talk of domestic interest rate hikes which had gathered momentum after the Bank of Canada increased its policy rate to 0.75 percent last week. "Just as the policy rate in Australia did not need to decline to the very low levels seen in other parts of the world, the fact...

  • WASHINGTON— New York financier Anthony Scaramucci is under consideration to join the Trump administration as communications director. White House press secretary Sean Spicer has been doing double duty filling in in the weeks since. Scaramucci had once expected to be named head of the White House office that coordinates the administration's outreach to...

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, with Brent sitting below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were at...

  • BEIJING, July 21- China's steel rebar futures fell for a second day on Friday on mounting concern that rising output from mills seeking to cash in on higher prices has glutted the market. Stockpiles of rebar in 35 major cities in China rose 123,600 tonnes to 4 million tonnes by Friday compared with the previous week, according to data on the Mysteel Consultancy...

  • Communist leaders see AI as key to making China an "economic power," said a Cabinet statement on Thursday. It calls for developing skills and research and educational resources to achieve "major breakthroughs" by 2025 and make China a world leader by 2030.. Artificial intelligence is one of the emerging fields along with renewable energy, robotics and electric...

  • TOKYO, July 21- The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after what markets perceived as hawkish talk from European Central Bank chief Mario Draghi. But the Australian dollar skidded against the greenback after contrastingly dovish comments from a Reserve Bank of Australia official.

  • Gross domestic product in North Korea last year rose 3.9 percent from the previous year when the economy contracted due to a drought and low commodity prices, the Bank of Korea said. North Korea, which counts China as its biggest trading partner, also boosted exports by 4.6 percent, the most since an 11.8 percent jump in 2013.. The Bank of Korea has released GDP data...

  • *Opening of China's markets helps rotation into blue chips. SHANGHAI, July 21- China's stocks slipped on Friday morning, but were set to end the week higher, led by strong gains in blue chips, as investors sought firms with solid growth prospects and lower valuations amid tighter financial regulations and liquidity conditions. Among blue chips, Shanghai- listed...

  • *Spot gold may test resistance at $1,250 per ounce- technicals. Heightened political concerns surrounding investigations into President Donald Trump's campaign ties with Russia are currently the key driver supporting gold prices, said Stephen Innes, head of trading for Asia Pacific at OANDA in Singapore. The euro also held near two-year highs against the...