Wires

More

  • But China and India appear to have crashed that party. And here the main culprits are China and India, both of which have significantly ramped up exports of gasoline in the first six months of 2016.. China exported 4.449 million tonnes, or about 207,800 barrels per day, of gasoline in the first half, a 75 percent increase on the same period last year, according to...

  • The Kyoto- based gaming company, which is due to report first-quarter results this week, surprised markets with a statement on Friday that income garnered through its 32 percent stake in affiliate Pokemon Company, which owns the licensing rights, would be limited and that it did not plan to revise its earnings outlook for now. "The market has overreacted to the...

  • SINGAPORE/ TOKYO, July 25- Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures were trading at $45.51 per barrel at 0623 GMT, down 18 cents from their previous close. "Demand support from the OECD has faded, while growth from China and...

  • TOKYO, July 25- Japan's Nikkei share average pared early gains and ended flat on Monday as investors took profits after a Wall Street- inspired rise. Hopes that the Bank of Japan will unveil more stimulus later this week also provided support to equities early in the session. The Nikkei stock index ended down 0.04 percent at 16,620.29, moving away from seven-week...

  • VIENTIANE, Laos— China scored a diplomatic victory Monday, avoiding criticism by Southeast Asia's main grouping over its territorial expansion in the South China Sea even though some of the bloc's members are victims of Beijing's actions. Most significantly, it failed to mention a recent ruling by an international arbitration panel in a dispute between the...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • TOKYO, July 25- Asian shares held near nine-month highs on Monday as assurance from policymakers on the need to boost growth quelled worries over the impact of Britain's Brexit vote while the dollar, buoyed by solid U.S. economic data, stayed firm. Policymakers from the Group of 20 countries agreed at the weekend to work to support global growth and better share...

  • TOKYO, July 25- Japan's exports fell less than expected in June in a tentative sign that overseas demand could be recovering from persistent weakness that set in last year. Slowing decline in exports could ease concerns for Japan's policymakers as they try to revive growth via stimulus spending on infrastructure after their structural reform plans failed to...

  • HONG KONG, July 25- China's yuan edged higher on Monday but stayed within sight of last week's near-six year low against the dollar as investors worried that improved economic activity in the June quarter was a blip with weakness likely in coming months. "Our broad China macro views have not changed: we expect growth to decelerate in the second half as the credit...

  • BEIJING July 24- China, accused of flooding world markets with cheap steel, has started levying anti-dumping duties as high as 46.3 percent on electric steel products imported from Japan, South Korea and the European Union, according to China's official Xinhua news agency said on Sunday. China began levying the duties on Saturday after an investigation by the...

  • *Shanghai indexes edge higher, Hong Kong's lower. SHANGHAI, July 25- China stocks were mixed in narrow trade on Monday due to a lack of market cues while Hong Kong shares were seen consolidating recent gains. Total volume of A shares traded in Shanghai was 7.63 billion shares, while Shenzhen volume was 10.31 billion shares.

  • SINGAPORE/ TOKYO, July 25- Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures were trading at $45.59 per barrel at 0424 GMT, down 10 cents from their previous close. West Texas Intermediate crude was at $44.09, also down 10 cents a...

  • TOKYO— Japanese electronics maker Funai Electric Co. says it's yanking the plug on the world's last video cassette recorder. They can do so using VHS/DVD converters, known as "combos" in Japan. Funai's VCR factory, which is in China, is off-limits to media coverage for security reasons because other products are made at the same plant, he said.

  • TOKYO, July 25- Japanese government bond prices edged up on Monday as a regular debt-purchasing operation by the Bank of Japan emboldened buyers, although caution ahead of an upcoming 40- year sale weighed on the longer-dated maturities. Japan's finance ministry will auction 400 billion yen of 40- year debt on Tuesday. Longer-dated JGBs that still yield above...

  • The customs data released Monday showed a 692.8 billion yen surplus, compared with a 60.9 billion yen deficit in June 2015. Despite the recent strengthening of the Japanese yen against the U.S. dollar, export prices have fallen 14 percent from a year earlier, according to separate data from the Bank of Japan. Japan's exports to the U.S., its biggest overseas market,...

  • PROVIDENCE, R.I.— Historical markers have long dotted the landscape, often barely noticed by passers-by— until they became treasure-filled stops this month on the "Pokemon Go" trail. Players hunting for fictional creatures on their smartphones are now visiting real-life memorial plaques, statues, mosaics and landmarks, ranging from a Civil War battlefield in...

  • BENGALURU, July 25- Gold extended losses on Monday from the previous session as Asian stocks were at near nine-month highs on increasing risk appetite and ahead of central bank meetings in the United States and Japan this week. Asian shares rose on Monday as worries over the impact of Britain's Brexit vote eased amid efforts to maintain growth, while the dollar...

  • BEIJING, July 25- Borrowing costs and access to funding are the key obstacles to private investment in China, a senior official at the top economic planning agency said on Monday, after private investment growth shrank to a record low. Growth in investment by private firms, which accounts for over 60 percent of total investment in China, fell to a new record low in...

  • *JPMorgan estimates AMP funds at 32 trillion yuan at end-March. HONG KONG, July 25- The takeover tussle embroiling top Chinese developer China Vanke has unveiled how local banks are increasingly exposed to highly volatile domestic stock markets through risky shadow lending products that mask their worsening asset quality. Baoneng Group, which is attempting...

  • NEW YORK— Parents who want to dress their kids in clothes that upend gender stereotypes have a small but growing number of options. Some of the clothes are unisex basics. PRICE RANGE: $25 for a T-shirt.