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Wires

  • *Chicago wheat set for biggest monthly rise since Sept 2015. SINGAPORE, Feb 28- Chicago wheat futures edged higher on Tuesday on expectations of strong demand for U.S. cargoes after a recent decline in prices, with the market poised for its biggest monthly gain in 17 months. The Chicago Board of Trade's most-active wheat contract has climbed 4.7 percent so far in...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on the boards of more than a...

  • BEIJING, Feb 28- China's central bank reiterated on Tuesday that foreign companies were able to repatriate profits normally, responding to what it said were media reports claiming they had difficulty transferring profits back home. The State Administration of Foreign Exchange also posted the same announcement on its microblog. Chinese authorities said in...

  • Feb 27- Uber Technologies Inc has asked a senior executive to leave the company for failing to disclose a sexual harassment allegation stemming from his tenure at Alphabet Inc's Google, an Uber spokeswoman said on Monday. The allegations, by Susan Fowler, highlighted the long-standing problem of gender discrimination in the technology industry.

  • SYDNEY, Feb 28- U.S. wheat edged up on Tuesday to move away from near a one-week low touched the day before, remaining on track for its biggest monthly gain in 17 months on expectations of strong demand for U.S. exports. *The most active wheat futures on the Chicago Board of Trade are up more than 4.5 percent for the month in what would be the biggest such gain since...

  • TOKYO, Feb 28- Japan's industrial output unexpectedly fell in January for the first time in six months, pressured by a slowdown in shipments of cars to the United States in a sign of an economy grappling for a more sure-footed recovery. While Asian exports, including Japanese sales, have started to recover from late last year, the jury is still out on whether the...

  • BEIJING, Feb 28- China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year's goal, policy sources said, signalling a bid to contain debt risks while keeping growth on track. Under its new "prudent and neutral" policy, the People's Bank of China has adopted a modest tightening bias in a bid to cool torrid credit...

  • *Oil rises on expectations of further OPEC cuts. OPEC has so far surprised the market by showing record compliance with oil-output curbs and could improve further in coming months as the biggest laggards- the United Arab Emirates and Iraq- pledge to catch up quickly with their targets. "With the prospect of OPEC extending the current cuts even longer, we would...

  • TOKYO, Feb 28- Japan's Nikkei share average gained on Tuesday morning after U.S. stocks rose and the dollar gained on hopes that U.S. President Donald Trump will speak about infrastructure spending in an address to Congress later in the day. In Wall Street, the Dow Jones Industrial Average closed at a record high for a 12th straight session after Trump said he would...

  • SYDNEY, Feb 28- London copper was steady on Tuesday as investors looked towards a speech by U.S. President Donald Trump for more clarity on his economic policy, while persistent concerns over supply from large mines in Chile and Indonesia continued to buoy prices. *The most-traded copper contract on the Shanghai Futures Exchange was up 0.21 percent at 47,970...

  • MANILA, Philippines— Developing countries in Asia and the Pacific will need to spend up to $1.7 trillion a year, or $26 trillion through 2030, to meet their infrastructure needs and to maintain the region's growth momentum, the Asian Development Bank said in a report Tuesday. "The demand for infrastructure across Asia and the Pacific far outstrips current...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's hedge fund firm, and it was unclear on Monday how Icahn's interests will be represented at those companies going forward. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on...

  • LONDON, Feb 27- For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Since September 2009, the U.S. Commodity Futures Trading Commission has employed a four-way classification for all traders with reportable positions in crude oil.

  • *Spot gold was little changed at $1,252.15 per ounce at 0044 GMT. The metal hit its highest since Nov. 11 at $1,263.80 in the previous session. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes.

  • VANCOUVER, British Columbia _ Great Panther Silver Ltd. on Monday reported a loss of $1.5 million in its fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 1 cent per share. Keywords: Great Panther Silver, Earnings Report.

  • BRENTFORD, Britain _ Abengoa Yield PLC on Monday reported a loss of $14.5 million in its fourth quarter. The Brentford, Britain- based company said it had a loss of 15 cents per share. For the year, the company reported that its loss narrowed to $4.9 million, or 5 cents per share.

  • *Trump's speech to Congress awaited for more cues. Trump will ask the U.S. Congress to boost Pentagon spending in the next fiscal year by $54 billion in his first budget proposal, a White House budget official said on Monday. "The talk regarding military and infrastructure spending raised expectations towards Trump's speech to the Congress later today, lifting...

  • Feb 27- Uber Technologies Inc's senior vice president of engineering, Amit Singhal, has left the company for failing to disclose a sexual harassment allegation, stemming from his tenure at Alphabet Inc's Google, Recode reported, citing sources. Singhal, who was appointed last month to work closely with Uber CEO Travis Kalanick, was asked to resign after Recode...

  • TOKYO, Feb 28- Asian shares edged up on Tuesday, bolstered by gains on Wall Street as investors awaited a speech by U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trading, while Japan's Nikkei stock index got a tailwind from a weaker yen and gained 0.7 percent. "This could be like the case of his inauguration speech, in which...

  • OPEC has so far surprised the market by showing record compliance with oil-output curbs and could do so further in coming months as the biggest laggards- the United Arab Emirates and Iraq- pledge to catch up quickly with their targets. "With the prospect of OPEC extending the current cuts even longer, we would expect to see prices continue to push higher from here,"...