Wires

  • SHANGHAI, Aug 30- China banking shares rebounded on Tuesday, shaking off generally weak earnings reports and concerns about bad loans, but selling in transportation stocks left major indexes little changed. China's markets have struggled to make headway amid growing perceptions that the central bank is in no hurry to ease policy soon, for fear of adding to...

  • *Technicals see spot gold hitting $1,308. Spot gold was little changed at $1,323 per ounce at 0407 GMT. U.S. gold futures were flat at $1,326.90 Federal Reserve Chair Janet Yellen said on Friday the case for "an increase" in the policy rate has strengthened in recent months due to improvements in the labor market and expectations for solid economic growth.

  • BELO HORIZONTE/ RIO DE JANEIRO, Aug 29- The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil's worst-ever environmental disaster showed on Monday. Norbert Morgenstern, a geotechnical engineering professor who headed the investigation, repeatedly...

  • *Wheat prices may have hit bottom around $4 a bushel. SINGAPORE, Aug 30- U.S. wheat futures rose for the first time in seven days on Tuesday, underpinned by bargain-buying after the market tumbled to a 10- year low in the previous session. Chicago Board of Trade most-active wheat contract gained 0.4 percent to $3.98-3/ 4 a bushel by 0229 GMT, after hitting its lowest...

  • *Asia shares ex- Japan rally 0.4 pct in thin trade. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, recouping around half of Monday's loss. Stocks in South Korea added 0.7 percent and Australia 0.4 percent.

  • MELBOURNE, Aug 30- London copper edged up from a nine-week low on Tuesday after falling for the last six sessions in a row, as the market waits on U.S. non-farm payrolls data later this week for further clues on the timing of any U.S. rate hike. It's being battered by some quite conflicting data, then you've got the Fed and expectations around the rate hike starting to...

  • TOKYO, Aug 30- Japan's Nikkei share average treaded water on Tuesday, with momentum from the previous day's rally stalling as the yen's extensive retreat halted for the time being. The markets' focus has now shifted to Friday's U.S. non-farm payrolls report and its impact on Fed policy, currencies and Wall Street shares. Tokyo's banking and securities subindexes...

  • SYDNEY, Aug 30- U.S. wheat edged higher for the first time in seven sessions on Tuesday to ease away from a near-decade low, but gains were checked by ample global supply and an uncertain outlook for demand from top buyer Egypt. *The most active wheat futures on the Chicago Board of Trade rose 0.38 percent to $3.98-1/ 2 a bushel. *Egypt, the world's biggest wheat importer,...

  • WASHINGTON, Aug 29- The Pentagon has ordered a review of the USS Gerald R. Ford aircraft carrier, which is under construction and due to be delivered in November, a Defense Department spokesman said on Monday. A Pentagon spokesman confirmed to Reuters that Kendall had ordered the review. "We want to be sure we all have the same accurate picture of the reliability and...

  • WASHINGTON, Aug 29- The Pentagon has ordered a review of the USS Gerald R. Ford aircraft carrier, which is under construction and due to be delivered in November, a Defense Department spokesman said on Monday. A Pentagon spokesman confirmed to Reuters that Kendall had ordered the review. "We want to be sure we all have the same accurate picture of the reliability and...

  • BELO HORIZONTE/ RIO DE JANEIRO, Aug 29- The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil's worst-ever environmental disaster showed on Monday. Norbert Morgenstern, a geotechnical engineering professor who headed the investigation, repeatedly...

  • "There's a feeling that the OPEC production freeze talks might result in something positive, but it's just talk," said Robert Nunan, risk management director at Mitsubishi Corporation. "Either way, despite some increases in Saudi Arabia and Iraq, OPEC production seems to be flattening with the outages in Libya, Nigeria and Venezuela, knocking out about some 3...

  • *Spot gold was little changed at $1,323.26 per ounce at 0116 GMT. The metal had recovered from a near five-week low of $1,314.70 after a dollar run lost some steam late Monday. *Federal Reserve Chair Janet Yellen said on Friday the case for "an increase" in the policy rate has strengthened in recent months due to improvements in the labor market and expectations for...

  • TOKYO, Aug 30- Japanese household spending fell less than expected in July and the jobless rate hit a two-decade low, offering some hope for policymakers battling to pull the world's third-largest economy out of stagnation. Household spending fell 0.5 percent in July from a year earlier, less than a median market forecast for a 0.9 percent drop and much smaller...

  • MELBOURNE, Aug 30- London copper rose on Tuesday as risk appetite grew on bets of further easing by the world's central banks after a meeting in Jackson Hole, Wyoming at the weekend, and as London markets reopened after a long holiday break. *Shanghai Futures Exchange copper traded up 0.1 percent at 36,410 yuan a tonne. *Zhongwang USA LLC, backed by Chinese aluminum...

  • SHANGHAI, Aug 30- Chinese private investment funds will conduct a "self-inspection" of their business practices in compliance with a directive from the State Council, China's cabinet, according to a notice posted on the website of the Asset Management Association of China. The inspection initiative follows a finding by China's securities regulator that some...

  • BOGOTA, Aug 29- Colombia's economic growth fell to its lowest rate in seven years during the second quarter as oil revenues and utilities consumption slid, raising chances the central bank could end a nearly year-long tightening cycle. The Andean nation's gross domestic product grew a smaller-than-expected 2 percent in the second quarter compared with a...

  • NEW YORK, Aug 29- Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate...

  • *Asia shares ex- Japan rally 0.4 pct in thin trade. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent, recouping around half of Monday's loss. Stocks in South Korea and Australia both rose around 0.6 percent.

  • TOKYO, Aug 30- The dollar took a breather on Tuesday, as investors waited to see if U.S. employment data later this week would reinforce U.S. But it remained well off Friday's session low of 94.246. plumbed before Federal Reserve Chair Janet Yellen's upbeat comments on the U.S. economy and Fed Vice Chair Stanley Fischer's remarks that interest rate hikes were...