Wires

  • LONDON— A British parliamentary committee is recommending a ban on plastic microbeads in hopes of cutting back on pollution in the world's oceans. The tiny plastic particles— used in face scrubs, shower gels and toothpastes— are being found in marine wildlife globally. Committee chair Mary Creagh says a full legal ban is needed, "preferably at an international...

  • PARIS— Sensitive data on submarines being built for India's Navy have leaked from a leading French shipbuilder with military customers around the world. India's Defense Minister Manohar Parrikar told reporters that he asked the Navy chief to find out what data was exposed about the Scoprene submarines. Australia's government, which signed a big-budget...

  • TOKYO, Aug 24- Japan's government kept its assessment of the economy unchanged in August but offered a slightly more downbeat view on consumer inflation than last month, as prices slid on weak household spending and the strong yen pushed down import costs. "Japan's economy continues to recover moderately, though weakness in some areas can be seen recently," the...

  • SYDNEY/ NEW DELHI, Aug 24- India is investigating the extent to which secrets about French Scorpene submarines being built in the country have been compromised, its defence ministry said on Wednesday, after a leak of documents relating to its combat capabilities. The leak, which was first reported in The Australian newspaper, contains more than 22,000 pages...

  • Global benchmark Brent crude was down 74 cents at $49.22 a barrel at 0809 GMT, after touching an intraday low of $49.07. "API showed a big build last week and that supported the quick turnaround in sentiment," said Ole Hansen, Saxo Bank's head of commodities research. Industry data from the American Petroleum Institute showed on Tuesday that U.S. crude inventories...

  • *Stocks pull back from highs. LONDON, Aug 24- Stocks slipped on Wednesday while the dollar continued to claw back last week's losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty about the strength of the global economy. Asian and world stock indices succumbed to profit-taking...

  • SHANGHAI, Aug 24- Hong Kong stocks posted their biggest one-day decline in three weeks on Wednesday, as Asian markets fell on profit-taking after strong U.S. housing data overnight was seen as increasing the chances of an interest rate hike in coming months. The Hang Seng index fell 0.8 percent, to 22,820.78, while the China Enterprises Index also lost 0.8 percent,...

  • BEIJING, Aug 24- China's banking regulator issued tough new rules on Wednesday to tighten regulation of the country's $60 billion peer-to-peer lending sector, which has been dogged by scandals and fraud. Peer-to-peer lending platforms will not be able to take deposits, nor provide any forms of guarantee for lenders, according to a joint document issued by the...

  • PARIS, Aug 24- French naval contractor DCNS said on Wednesday that it could not rule out that leaked documents on submarines built for India were part of an "economic war" by competitors after the firm won a tender in Australia earlier this year. "For now we don't know if the information is correct," a DCNS spokeswoman said. "There is India, Australia and other prospects,...

  • GENEVA— Swiss commodities producer Glencore says it narrowed its net loss in the first half of 2016, after paring down billions of dollars' worth of assets to slash debt amid a difficult market for raw materials. CEO Ivan Glasenberg says Glencore has "largely achieved" targeted asset disposals of up to $5 billion after launching a debt-reduction plan in...

  • More than half those people had donated either personally or through companies or groups to the Clinton Foundation or pledged to donate to specific programs through the charity's international arm. Laureate, which paid Bill Clinton more than $17 million as a consultant between 2010 and 2015, donated between $1 million and $5 million to the Clinton...

  • DUBAI, Aug 24- Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday. From Japan, Prince Mohammed will return to China to chair Saudi Arabia's delegation to the Sept. 4-5 summit of leaders of the...

  • SYDNEY/ NEW DELHI, Aug 24- India is investigating the extent to which secrets about French Scorpene submarines being built in the country have been compromised, its defence ministry said on Wednesday, after a leak of documents relating to its combat capabilities. The massive leak has also raised doubts about the security of DCNS's submarine project in...

  • *Aramco could reduce stake in Cilacap facility- Indonesia govt. *Indonesia hopes to formalise joint venture in Oct. JAKARTA, Aug 24- Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country's energy minister said on Wednesday.

  • LONDON, Aug 24- Pharmaceutical company AstraZeneca has agreed to sell its small molecule antibiotics business to Pfizer Inc in a deal that could be valued at more than $1.5 billion. Pfizer will pay $550 million upon completion and a further unconditional $175 million in January 2019, AstraZeneca said. It will also pay up to $250 million in milestone fees, up to...

  • The sale Wednesday offers all 23.8 million acres available for drilling and exploration in the Gulf of Mexico off the Texas coast. At earlier sales, an official from the Bureau of Ocean Energy Management read bids to oil company representatives and others in a Superdome ballroom in New Orleans. Such "keep it in the ground" policy could eventually cost Gulf Coast...

  • *Focus on Yellen speech at Jackson Hole on Friday. The main focus remained on the global central banks that will gather in the U.S. mountain resort of Jackson Hole later this week, where Fed Chair Janet Yellen will give a speech on Friday. "We're so focused on what guidance we might or might not get on Friday that we're really just drifting around in these ranges at the...

  • BEIJING, Aug 24- China announced new rules on Wednesday to tighten regulation of the country's $60 billion peer-to-peer lending sector, which has been dogged by scandals and fraud due to loose oversight. Among the rules, P2P platforms will not be able to take public deposits, nor create asset pools, nor provide any forms of guarantee for lenders, according to a...

  • Markets were steady following the submarine launch of a ballistic missile by North Korea. KEEPING SCORE: Japan's Nikkei 225 rose 0.6 percent to 16,597.30 on rising hopes for more monetary easing from the Bank of Japan and a raft of government stimulus, while Australia's S&P/ASX 200 added 0.1 percent to 5,561.70. But South Korea's Kospi fell 0.3 percent to...

  • LONDON, Aug 24- European shares fell in early deals on Wednesday, snapping two straight sessions of gains as weakness in the mining sector, led by Glencore, weighed. Europe's Basic Resources index fell 1.6 percent hit by copper prices stuck near six-week lows. South Africa- exposed stocks such as Investec and Old Mutual both fell after South Africa's finance...