Wires

  • Dryness linked to last year's El Nino, the strongest in 20 years, has lowered yields in top growers Indonesia and Malaysia, and is forecast to cut output at Golden Agri, the world's second-largest palm oil planter, by 15-20 percent this year. "It is not just Malaysia and Indonesia, the points of origin, but also in markets that heavily consume palm oil, so India, China and...

  • BELIEVES THERE ARE ELEMENTS OF ISLAMIC STATE IN IRAQ AND SYRIA THAT ARE CONNECTED TO OPERATIVES IN BANGLADESH.

  • SECRETARY OF STATE KERRY SAYS AGREED WITH BANGALDESHI LEADERS ON ADDITIONAL INTELLIGENCE AND LAW ENFORCEMENT COOPERATION TO FIGHT SECURITY THREATS.

  • THE HAGUE, Netherlands— East Timor and Australia have begun conciliation talks in their bitter legal battle to set a permanent maritime boundary that will carve up billions of dollars in oil and gas reserves underneath the seabed. The long-running dispute has deeply scarred relations between wealthy Australia and its tiny, impoverished northern neighbor.

  • *Iraq still set on expanding output, market share. LONDON, Aug 29- Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on commodities. Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday.

  • Speaking at a meeting of leading central bankers in Jackson Hole, Wyoming, Fed chair Janet Yellen said on Friday that an improvement in the economy and the labor market in recent months had boosted the case for hiking rates. The CME Group's FedWatch tool showed the market pricing in more than a 30 percent chance of a hike in September, up from 18 percent before...

  • BEIJING, Aug 29- China's rail freight volume fell 7.3 percent in the first seven months of 2016 from the same period last year to 1.84 billion tonnes, the country's top economic planner said on Monday. The rate of decline eased from 7.5 percent in the first half of this year. In July, the amount of cargo carried by railways declined 5.8 percent on year to 263 million...

  • MILAN, Aug 29 (Reuters)- European shares fell on Monday as top Federal Reserve officials bolstered expectations for a U.S. rate hike this year, while Alstom bucked the weaker trend after a contract win. The pan-European STOXX 600 index fell 0.3 percent, giving back gains seen in the previous session, while a holiday closure of UK markets was expected to keep activity...

  • BEIJING, Aug 29- Activity in China's manufacturing sector likely shrank for a second straight month in August but at a marginal pace, a Reuters poll showed, suggesting the economy is steadying even as the government vows to cut more industrial overcapacity. Profits earned by China's industrial firms grew the fastest in four months in July, aided by improving...

  • BEIJING, Aug 29- Activity in China's manufacturing sector likely shrank for a second straight month in August but at a marginal pace, a Reuters poll showed, suggesting the economy is steadying even as the government vows to cut more industrial overcapacity. Profits earned by China's industrial firms grew the fastest in four months in July, aided by improving...

  • *European shares in the red, Germany's DAX down 1 percent. LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday, while bond yields surged to their highest since June and stocks sold off after senior Federal Reserve officials indicated a U.S. interest rate increase was on the cards in the near term. But on Friday, at the Fed's annual gathering for...

  • VIENNA— Airline officials say technical problems that left hundreds of passengers stranded at Vienna's airport over the weekend have been resolved and flights are operating normally. Austrian Airlines spokesman Peter Their says all passengers are making their planned flights as of Monday after data transmission problems grounded services starting...

  • Aug 29- Hong Kong stocks fell on Monday after U.S. Yellen's relatively upbeat tone in a speech on Friday at the Fed's annual monetary policy conference in Jackson Hole, Wyoming, weighed on Hong Kong stocks, which are more vulnerable to global money flows. Bucking the trend, Chinese automaker BYD Co Ltd's shares in Hong Kong rose 2.5 percent after it predicted an up to...

  • *China learning from experience of Japan, EU. BEIJING, Aug 29- On the face of it, China's central bank has room to cut interest rates to try to lift the economy, but sources say evidence companies and banks are hoarding cash has reinforced policymakers' view there is no major benefit in easing policy further. So unless China's economic growth is at serious risk of...

  • TOKYO, Aug 29- A truck transporting Takata Corp air bag inflators and propellants that are at the center of a global recall exploded in Texas earlier this month, resulting in one death and four injuries, the embattled auto parts supplier said on Monday. The truck operated by a subcontractor was traveling to a Takata plant in Eagle Pass, Texas, on Aug. 22 when the...

  • MOSCOW, Aug 29- Russia's Alrosa, the world's largest producer of rough diamonds, said its second-quarter sales fell 21 percent from the previous three months to 9.6 million carats after a recovery in demand seen early this year faded. The company, which with Anglo American's unit De Beers produces about half the world's rough diamonds, reported a second quarter...

  • BRUSSELS— The European Union's lead negotiator in trade talks with the United States is downplaying an assertion from the German economy minister that negotiations on the proposed pact have failed. When asked Monday by The Associated Press whether the claims were true, chief EU negotiator Ignacio Garcia Bercero said: "No, no. Economy Minister Sigmar Gabriel,...

  • LOS BANOS, Calif.— A drone whirred to life in a cloud of dust, then shot hundreds of feet skyward for a bird's-eye view of a vast tomato field in California's Central Valley, the nation's most productive farming region. In the drought-prone West, where every drop of water counts, California farmers are in a constant search for ways to efficiently use the increasingly...

  • LONDON, Aug 29- The dollar rose to a three-week high against the yen on Monday after senior Federal Reserve officials bolstered expectations that U.S. interest rates will rise soon. Treasury yields rose to their highest since June and rate futures indicated the market priced in more than a 30 percent chance of a hike in September, up from 18 percent before Fed...

  • MELBOURNE, Aug 29- Shanghai copper was stuck near two-month lows on Monday, with the dollar pushed up after comments by the Federal Reserve left the door open to a rate hike this year, while a holiday in London drained the market of direction. Shanghai Futures Exchange copper was trading up 0.2 percent at 36,420 yuan a tonne by 0705 GMT. Global copper stockpiles...