Wires

  • *Soybean prices fall despite Argentina crop concerns. SYDNEY, Dec 8- U.S. wheat futures edged up on Thursday to move away from a five-day low touched in the previous session, though ample global supply capped gains. The most active wheat futures on the Chicago Board of Trade had risen 0.31 percent to $4.02-1/ 4 a bushel by 0332 GMT.

  • SEOUL/ SINGAPORE, Dec 8- Oil prices edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in U.S. crude stocks. International Brent crude futures were trading up 4 cents at $53.04 a barrel at 0345 GMT after closing the previous session down 93 cents. U.S. benchmark West Texas...

  • BRIEF- CHINA NOV EXPORTS IN YUAN TERMS UP 5.9 PCT Y/Y, IMPORTS. BEIJING, Dec 8- China's exports denominated in yuan rose 5.9 percent in November from the same period a year earlier, the General Administration of Customs said on Thursday. *That produced a trade surplus of 298.11 billion yuan.

  • LIMA, Dec 7- The government of Pedro Pablo Kuczynski has asked MMG Ltd's copper mine Las Bambas to seek fresh approval for its environmental plan to correct any possible shortcomings, the vice president said Wednesday. Martin Vizcarra said Las Bambas, one of the world's biggest copper pits, would be able to operate as usual while it prepares an "integral"...

  • The document, which comes on the heels of concessions with cities including New York City, offers suggestions for collecting lodging taxes from Airbnb hosts, strategies to allow residents to rent their home without offending neighbors, suggestions on limiting the number of nights a home can be rented and setting up a permitting system. The report is the latest...

  • TOKYO, Dec 8- Japan's Nikkei share average rose on Thursday, fueled by a further rise on Wall Street, but a stronger yen kept gains in check. On Wednesday, the Dow Jones industrial average and the S&P 500 hit fresh records as equities continued their march upward after the last month's vote for Donald Trump as U.S. president-elect. "The fizz has waned," said Stefan...

  • *London copper up after losses the day before. SYDNEY, Dec 8- London copper futures edged up on Thursday after losses the session before, buoyed as the U.S. dollar lost ground. The most-traded copper contract on the Shanghai Futures Exchange slipped 1.48 percent to 47,220 yuan a tonne, with traders attributing the modest retreat to profit-taking and a switch to...

  • *Q3 GDP revised to annualized +1.3 pct vs prelim +2.2 pct. TOKYO, Dec 8- Japan's economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories- renewing concerns about Japan's growth prospects. "Capex and consumer spending are the twin engines of domestic demand, and...

  • NEW YORK— A popular New York restaurant has become the latest victim of a fake-news conspiracy about Hillary Clinton running a child sex ring out of a Washington, D.C., pizza joint. The threatening calls to Roberta's came after social-media users connected the restaurant to the Pizzagate hoax centered on the Washington restaurant Comet Ping Pong.

  • SYDNEY, Dec 8- Planned changes to Papua New Guinea's mining laws are creating uncertainty ahead of an upcoming election, despite strong interest in proposed multibillion dollar mining and energy projects in the Pacific nation, lenders and advisers say. The quality of the copper, gold and gas resources in the country mean there is appetite to lend to projects...

  • NEW YORK, Dec 7- Donald Trump clashed on Wednesday with a union official who accused the president-elect of lying about the number of jobs saved in a deal to keep air conditioner maker Carrier from moving some jobs from Indiana to Mexico. Chuck Jones, president of United Steelworkers Local 1999, which represents workers at United Technologies Corp's Carrier...

  • SYDNEY, Dec 8- U.S. wheat futures edged higher on Thursday, rebounding from a five-day low touched in the previous session, although ample global supplies put a ceiling on gains. *The most active wheat futures on the Chicago Board Of Trade rose 0.5 percent to $4.03 a bushel, having closed down 1.4 percent on Wednesday when prices fell to a low of $3.99-1/ 2 a bushel- the...

  • International Brent crude futures were trading up 18 cents, or 0.34 percent, at $53.18 a barrel at 0116 GMT. But stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures, increased by a hefty 3.8 million barrels last week, the most since 2009, according to data from the U.S. Energy Information Administration on Wednesday. Oil prices have been supported...

  • TOKYO, Dec 8- Japan will increase an interest-free loan to the operator of the wrecked Fukushima nuclear plant, Tokyo Electric Power, by more than a third to 14 trillion yen, a source familiar with the matter said on Thursday. The increase in the loan from 9 trillion yen is to cover the costs for compensation and decontamination areas around the plant, according to...

  • SYDNEY, Dec 8- London copper futures edged up on Thursday after losses the session before, while Shanghai copper lost more ground on mounting concerns a recent rally pinned on strong physical demand was overstretched. *The most-traded copper contract on the Shanghai Futures Exchange slipped 1.38 percent to 47,270 yuan a tonne. *Asian shares hopped higher on...

  • Dec 7- Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.. "This is the fourth consecutive year of spending reductions," Chief Executive John Watson said in a statement. San Ramon, California- based Chevron reported a drop in third-quarter profit in...

  • BEIJING, Dec 8- Singapore Exchange Ltd said on Thursday the opening of Nikkei 225 index futures has been delayed. It said members have been informed and it will update its information on the situation as soon as possible. It did not give a reason for the delay.

  • TOKYO— Japan's economy grew at a slower pace than earlier estimated in the July to September quarter, expanding at an annual pace of 1.3 percent. Japan has yet to attain the strong momentum Prime Minister Shinzo Abe promised with his economic platform, which has mostly relied on massive asset purchases by the central bank. The country remains far from the 2...

  • OPEC is relying on continued growth in U.S. gasoline consumption, as well as other fuels, coupled with faster growth in demand from emerging markets, to help rebalance the oil market in 2017.. Gasoline demand depends on continued GDP growth in the United States, where the expansion is becoming increasingly mature, and the transition to a new administration has...

  • Dec 7- Abbott Laboratories said on Wednesday that it had moved to terminate its proposed acquisition of Alere Inc, citing a "substantial loss" in the value of the diagnostics company since they struck a deal 10 months back. Abbott filed a complaint in the Delaware Court of Chancery to kill the deal it struck with Alere in late January, worth $5.8 billion at the time.