Wires

  • SYDNEY, Sept 27- Australian wheat output will likely fall short of official estimates of near record volumes as heavy rains exacerbate recent damage to crops in the east of the world's fourth largest exporter, farmers and analysts said on Tuesday. "We are starting to see some crop losses after it has been too wet for too long," said Dan Cooper, a farmer in Caragabal, 460...

  • *Rogers hired to change mindset of LVMH managers. PARIS, Sept 26- When LVMH hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. Changing mentalities and priorities at LVMH takes time, according to sources close to the 78 billion euro group controlled by France's richest man, Bernard Arnault.

  • MANILA, Sept 27- The Philippines has ordered the suspension of 20 more mines for environmental violations, most of them nickel producers, a government official said on Tuesday. Worries of tighter supply from the world's top nickel ore exporter- where 10 mines have already been shuttered as part of an audit launched on July 8 and completed last month- helped global...

  • BEIJING, Sept 27- Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilising. Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan, the National Bureau of Statistics said on Tuesday, the most since August 2013.

  • BEIJING, Sept 27- Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilizing. Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan, the National Bureau of Statistics said on Tuesday, the most since August 2013.

  • SEOUL, Sept 27- Samsung Electronics Co Ltd said on Tuesday it has recovered more than 60 percent of all Galaxy Note 7 smartphones sold in South Korea and the United States that have been recalled. In a statement, Samsung said it was focused on replacing all affected devices "as quickly and efficiently" as possible and reiterated its request that customers affected...

  • IONIA, Mich.— Few states have been more aggressive in releasing inmates and diverting offenders than Michigan, where a decade ago, 1 out of every 200 people was in prison, and penal costs were beginning to crowd out basic government services. Now Michigan is trying to stop the boomerang effect with a new program that removes soon-to-be-released inmates from the...

  • LAUNCESTON, Australia, Sept 27- Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China. On the surface, China's appetite for imported crude has seen robust gains this year, rising 13.5 percent...

  • BEIJING— Asian stock markets were mostly higher Tuesday as traders followed the U.S. presidential debate between candidates Hillary Clinton and Donald Trump. KEEPING SCORE: Hong Kong's Hang Seng index advanced 1.1 percent to 23,571.79 and Tokyo's Nikkei 225 was up 0.6 percent at 16,635.29. India's Sensex gained 0.2 percent to 28,342.26 and benchmarks in New...

  • ATLANTIC CITY, N.J.— A New York firm hopes to be the first in the world to install skill-based slot machines on casino floors in which the main determining factor in how much a player can win is his or her ability to play the game. GameCo told The Associated Press on Tuesday that it is ready to put machines in the three Atlantic City casinos owned by Caesars...

  • SHANGHAI, Sept 27- China's yuan was little changed on Tuesday, with the market shrugging off mention of China during the U.S. presidential candidates' debate and traders saying state banks sold some dollars to support the Chinese currency. The People's Bank of China set the midpoint rate at 6.6646 per dollar prior to market open, firmer than the previous fix of...

  • SHANGHAI, Sept 27- China stocks were little changed on Tuesday as investors were reluctant to stake out fresh positions ahead of a week-long holiday despite data showing August industrial profits surged the most in three years. In Hong Kong, shares bounced over 1 percent, recovering much of Monday's drop, but investors were bracing a drop in inflows from China as...

  • ROCHESTER, Mass.— All is not well in cranberry country this harvesting season, the 200th anniversary of the world's first known commercial cultivation. In the birthplace of the industry, many Massachusetts growers whose families have tended bogs for generations are in "dire straits," facing challenges that include rising production costs, decreasing crop...

  • MANILA, Sept 27- OceanaGold Corp, the top gold producer in the Philippines, has not violated environmental regulations in the Southeast Asian country, its chief executive said on Tuesday. "There have been no environmental violations by OceanaGold," Mick Wilkes said in response to a Reuters email. OceanaGold was among the 20 mineral producers ordered to be...

  • Rob Portman's re-election campaign in Ohio is happening under the fingertips of voters. Google says Portman has made some of the savviest use this election cycle of its digital resources as his campaign has begun to unravel an early lead by former Ohio Gov. In fact, Strickland's Senate campaign also has employed the company's search lifts and data mining tools...

  • SINGAPORE, Sept 27- The Mexican peso surged in Asian trade on Tuesday, buoyed by the view that U.S. presidential candidate Hillary Clinton did better than her rival Donald Trump in a closely-watched television debate. The peso has hit record lows in recent days on concerns that a Trump victory would threaten Mexico's exports to the United States, its single...

  • SEOUL, Sept 27- A South Korean court will hold a hearing on Sept. 28 to decide on prosecutors' request for an arrest warrant against Lotte Group chairman Shin Dong- bin, a judge said on Tuesday, following a criminal probe of the retail-to-chemicals conglomerate. The court will hear on Wednesday Shin's responses to the submission from prosecutors that they suspect...

  • *USDA report shows bean harvest below expectations. SINGAPORE, Sept 27- Chicago soybean futures rose on Tuesday, recovering from last session's over one-week low, as a U.S. government report showed the harvest across the Midwest lagged expectations following heavy rains. Chicago Board of Trade most-active soybean contract had climbed 0.3 percent to $9.48 a...

  • BEIJING— A court in southern China's industrial heartland has sentenced three labor organizers who led strikes to suspended prison sentences. One of the defendants, Zeng Feiyang, was handed a four-year suspended sentence Monday, while Tang Huanxing and Zhu Xiaomei were each given 18- month suspended sentences. The official Xinhua News Agency said Tuesday...

  • MANILA, Sept 27- The Philippines has suspended 20 more mines for environmental violations, most of them nickel, a government official said on Tuesday, bringing to 30 the number of mines shuttered. The Philippines is the world's top nickel ore supplier. The metal was down 1.8 percent at $10,350 a tonne by 0408 GMT, after falling as much as 2.8 percent earlier.