×

Wires

  • FRANKFURT/ MOSCOW, June 28- A major cyber attack, believed to have first struck Ukraine, caused havoc around the world on Wednesday, crippling computers or halting operations at port operator Maersk, a Cadbury chocolate plant in Australia and the property arm of French bank BNP Paribas. ESET, an anti-virus vendor based in Bratislava, said 80 percent of all...

  • Still, metals have been underpinned recently by signs that supply is shrinking as exchange inventories fall and indications of solid demand in China, the world's largest metals consumer. "As we head into summer, we expect more capacity reductions in China to meet environmental restrictions, and we think consumers are buying stock ahead of that," said SP Angel...

  • LONDON, June 28- Swiss container line MSC is working with vessel-sharing partner Maersk to find ways to share data after a cyber attack on the Danish company, MSC said on Wednesday. MSC said it was prepared to divert ships away from affected Maersk terminals. "We are working together to find other means to transmit data between the two companies.

  • LONDON, June 28- WPP, the world's biggest advertising agency, said it was still working with its IT partners to restore services hit by the Petya ransomware attack that went around the world on Tuesday. WPP had joined other companies such as shipping giant A.P. Moller-Maersk in reporting disruption to its operations due to a cyber attack.

  • BRUSSELS— NATO's chief says U.S. allies are projected to spend around $12 billion more on defense this year, after President Donald Trump berated them for failing to boost military budgets. He said 25 of NATO's 29 allies aim to raise defense spending in 2017.. Only the United States, Britain, Estonia, debt-burden Greece and Poland met NATO's spending targets last...

  • TOKYO, June 28- Japan's Ministry of Finance floated a plan on Wednesday to increase the size of short-term Japanese government bond issue through so-called liquidity-enhancing auctions to ease their shortage, a senior ministry official said. During the current April-June quarter, it sold 200 billion yen of JGBs with one to five years left to maturity twice.

  • HOUSTON, June 28- Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter. Houston- based Halliburton has set its sights on Summit ESP Inc, said the sources, who spoke in recent days. Tulsa, Oklahoma- based Summit...

  • PARIS, June 28- A global cyber attack has hit the property arm of France's biggest bank BNP Paribas, one of the largest financial institutions known to be affected by an extortion campaign that started in Russia and Ukraine before spreading. Among other French companies, retailer Auchan said Tuesday's cyber attack had hit terminal payments in its stores in...

  • BUDAPEST, June 28- Central European currencies eased on Wednesday after comments from ECB President Mario Draghi on monetary tightening stoked fears that the region's higher-yielding but riskier assets may lose some of their appeal to investors. The leu held steady after gains posted in the wake of the nomination of a new prime minister, raising hopes of an...

  • LONDON, June 28- Britain's markets watchdog proposed radical changes to the country's 7 trillion pound asset management industry on Wednesday, seeking to improve transparency and value for money for customers. The Financial Conduct Authority said it would strengthen the duty of fund managers to act in the best interests of investors, and require them to...

  • LAGONISSI, Greece— Representatives of Greece's rescue creditors say the country is on target to regain access to bond markets by the end of the year and exit the bailout program next summer. Officials from the European Commission, European Central Bank, and a eurozone rescue fund said a major round of austerity cuts and reforms approved by Greece's parliament...

  • LONDON, June 28- Emerging stocks retreated on Wednesday, taking their cue from Wall Street losses amid rising U.S. and German bond yields and expectations that the Fed and ECB will soon cut back on stimulus. European Central Bank chief Mario Draghi has signalled that a stimulus reduction could get underway as soon as September, while the U.S.

  • *Vitol expects crude at $40- $55 a barrel next few quarters. LONDON, June 28- Oil traded further below $47 a barrel on Wednesday after an industry report said U.S. inventories increased, reviving concerns that a three-year supply glut is far from over. Brent crude was down 15 cents at $46.50 a barrel at 0846 GMT.

  • *U.S. healthcare vote delayed until next month. *Dollar index touches lowest since Nov 2016. *Spot silver biased to revisit Dec 2015 lows- technicals.

  • PARIS, June 28- French consumer confidence hit a 10- year high in June, exceeding expectations by a long-shot following a surge in morale after the presidential election, data from the official INSEE statistics agency showed on Wednesday. INSEE said its monthly consumer confidence index rose to 108 points from 103 points in May, when voters elected Emmanuel...

  • *France's Legrand boosted by U.S. acquisition. LONDON, June 28- Slumping technology stocks after a global cyber attack and depressed crude oil prices cast a cloud over European shares on Wednesday, sending them to their lowest in two months. Anti-virus provider Sophos fell 4.9 percent, a top UK mid-cap faller, and security firm NCC Group slid 2.1 percent.

  • *FTSE 100 down 0.6 pct. LONDON, June 28- Britain's top share index dipped on Wednesday following a slide in shares of Hargreaves Lansdown and oil firms, though a jump in Bunzl's shares offered some relief. Fund platform Hargreaves Lansdown was the biggest faller, dropping around 3 percent and hitting a one-month low following an industry report by Britain's...

  • PARIS— President Emmanuel Macron's government is launching an effort to redesign French labor rules, one of the most important and divisive promises of his presidency. Labor Minister Muriel Penicaud told RTL radio Wednesday the government is "moving the rules of the game" in hopes of tackling unemployment, hovering near 10 percent. Penicaud, a former director...

  • WASHINGTON, June 27- President Donald Trump is growing increasingly frustrated with China over its inaction on North Korea and bilateral trade issues and is now considering possible trade actions against Beijing, three senior administration officials told Reuters. The officials said Trump was looking at options including tariffs on steel imports, which...

  • *Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh. LONDON, June 28- The euro hit a 1- year high on Wednesday and German 10- year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its 2- trillion-euro stimulus programme. The euro was eyeing up $1.14 and was at a 7- month high...