Wires

  • TOKYO, Jan 18- Japan's top government spokesman said on Wednesday that stability in the foreign exchange market is very important and the government wants to closely monitor markets with a sense of urgency. Chief Cabinet Secretary Yoshihide Suga spoke to reporters after the dollar fell to a seven-week low versus the yen due to speculation about the impact of...

  • *Aiming to sell about 100 billion yen of bonds in offering. TOKYO, Jan 18- Tokyo Electric Power Co plans to complete a sale of bonds by the end of March in its first debt offering since the 2011 Fukushima nuclear disaster, three sources close to the matter told Reuters and DealWatch on Wednesday. Tepco is aiming to sell about 100 billion yen of bonds in the offering, two...

  • SHANGHAI, Jan 18- China's main stock indexes rose on Wednesday as some industrial heavyweights forecast sharply higher profits for 2016, but small caps wobbled near a 16- month low. The blue-chip CSI300 index rose 0.4 percent to 3,339.37 points, while the Shanghai Composite Index added 0.1 percent to 3,113.01. The resulting boost in activity likely helped...

  • SYDNEY, Jan 18- Buying on the back of a weaker dollar tipped London copper into positive territory in early on Wednesday, reversing a slide overnight on uncertainties over U.S. President-elect Donald Trump's economic program. Three-month LME copper was up 0.4 percent at $5,778 a tonne by 0700 GMT, after ending nearly 2 percent lower overnight.

  • LONDON, Jan 18- Troubled British education publisher Pearson cut its profit outlook for the next two years and said it would have to reset its 2017 dividend due to an "unprecedented" decline in its North American business. Pearson, which has issued a string of profit warnings in recent years due to weakness in the U.S. and volatility in emerging markets, said it...

  • Jan 18- Gold prices on Wednesday fell from eight-week highs hit in the previous session as the dollar recovered from lows and investors booked profits ahead of Donald Trump's inaguration as U.S. president later this week. Spot gold fell 0.3 percent to $1,212.43 per ounce by 0706 GMT. "After a quick push higher right on the open, gold succumbed to some profit taking...

  • LONDON, Jan 17- Britain's financial services sector will accelerate plans to move some business overseas after Prime Minister Theresa May said on Tuesday the country will quit the European Union's single market. Businesses have been calling for clarity on what Britain's relationship with Europe will be before deciding how to reshape their operations, but...

  • PRAGUE, Jan 18- TCS Capital Management, a minority shareholder in broadcaster Central European Media Enterprises, has urged the company to hire an investment bank to run a sale process. TCS Capital Management LLC owned a 13.4 percent stake in CME as of Jan. 12, according to the filing. CME shares, listed in Prague and on the Nasdaq, ended down 3.8 percent at $2.50 at the...

  • DUBAI, Jan 18- Qatar National Bank, the Gulf's largest lender, plans to increase its share capital by distributing bonus shares worth 10 percent of the current capital, it said in a statement on Wednesday. The bank's current capital amounts to about 9.2 billion riyals divided into approximately 923 million shares with a nominal value of 10 riyals each.

  • APA Group, a Tokyo- based land developer and operator of 400- plus hotels, drew fire for spreading the revisionist views of company president Toshio Motoya by putting the books in hotel guestrooms and also selling them. China has lodged a complaint, but APA says it stands by its owner's views. The video shows passages from the book calling the 1937 massacre an "...

  • *Philippines has now revoked permits of four nickel projects. MANILA, Jan 18- The Philippines has canceled the environmental permits for four more mining projects, including one planned nickel venture, as the world's top nickel ore supplier deepens a months-long crackdown on the resources sector. The four revoked ECCs include one for Norwegian firm Intex...

  • LONDON, Jan 17- After months of Brexit uncertainty, the first faint outlines of a plan from Prime Minister Theresa May on Tuesday have given investors in Britain's pound something to work with at last- although substantial risks remain of the currency falling again. May confirmed what most Westminster watchers had come to expect, that Britain will pull out of the...

  • LONDON, Jan 17- After months of Brexit uncertainty, the first faint outlines of a plan from Prime Minister Theresa May on Tuesday have given investors in Britain's pound something to work with at last- although substantial risks remain of the currency falling again. May confirmed what most Westminster watchers had come to expect, that Britain will pull out of the...

  • Nearly 200,000 Hong Kong residents like him call a wire cage or bed in partitioned apartments their home. Making housing more affordable was among outgoing Hong Kong leader Leung Chun- ying's top priorities when he took office in 2012, but his administration has been unable to rein in skyrocketing prices that have added to discontent in the city.

  • TOKYO, Jan 18- Japanese government bonds edged down on Wednesday, taking their cues from weaker U.S. Ahead of President-elect Donald Trump's inauguration on Friday, investors also awaited a speech by U.S. San Francisco Federal Reserve Bank President John Williams said on Tuesday that he sees a "good case" for three U.S. rate hikes this year even without any fiscal...

  • SEOUL, South Korea— A South Korean court is considering whether to approve the arrest of Samsung Electronics vice chairman Lee Jae-yong, one of the country's wealthiest business leaders, on charges of bribery and other offenses. Samsung is South Korea's biggest family-controlled conglomerate, or chaebol, with businesses encompassing consumer electronics,...

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index recouped earlier losses, rising 0.4 percent to 18,894.37 while South Korea's Kospi was flat at 2,071.17. Hong Kong's Hang Seng jumped 1.2 percent to 23,107.97 and the Shanghai Composite in mainland China added 0.3 percent to 3,118.83. President-elect Donald Trump about the dollar being "too strong," hurting...

  • LOS ANGELES— A California natural gas storage facility where a blowout spewed methane for nearly four months has completed a safety review required to resume operations, though it might never return to full capacity, state officials said Tuesday. The Southern California Gas Co. facility at Aliso Canyon has been crippled more than a year since the blowout...

  • TOKYO, Jan 18- Tokyo Electric Power Co plans to complete a sale of bonds by the end of March in its first debt offering since the 2011 Fukushima nuclear disaster, three sources familiar with the company's plans told Reuters and DealWatch.

  • TOKYO, Jan 18- Japanese stocks rose on Wednesday after recovering from five-week lows as the yen weakened against the dollar and helped restore investor sentiment. The dollar added 0.6 percent to 113.32 yen, after hitting a seven-week low of 112.57 yen. Investors are awaiting Federal Reserve Chair Janet Yellen's speech on monetary policy for any hints on the...