Wires

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • TAIPEI, Aug 24- Taiwan stocks were almost flat on Wednesday morning as losses in financial shares, led by Mega Financial, eroded early gains. But the financials subindex lost 0.7 percent, led by Mega Financial's 2 percent retreat after Taipei prosecutors on Tuesday began an investigation on whether the firm broke local criminal laws after its banking unit was...

  • ROME— The Latest on the earthquake in central Italy:. Sergio Pirozzi told state-run RAI radio and Sky TG24 that he needs heavy equipment to clear rubble-clogged streets to get to the injured. The quake struck central Italy, near Rieti, shortly after 3:30 a.m. and was followed by several aftershocks.

  • SAO PAULO, Aug 23- Mexico's peso deepened losses on Tuesday after Standard& Poor's cut the country's sovereign credit outlook to negative, while other Latin American currencies weakened following strong U.S. housing data ahead of Fed Chair Janet Yellen's speech Friday. Mexico's peso weakened for the fifth straight session to its worst level in two weeks after...

  • SYDNEY, Aug 24- The French shipbuilder which earlier this year won a A $50 billion contract to build Australia's next generation of submarines has suffered a massive data leak, raising doubts about the security of one of the world's biggest defence projects. France's DCNS Group beat out Germany's ThyssenKrupp AG and a Japanese-government backed bid by...

  • TOKYO— Japan's Honda Motor Co. has resumed full production of motorcycles at a plant that was idled by major earthquakes in April. The company said Wednesday that it had "virtually normalized" production at the factory in Kumamoto, on the southern island of Kyushu, as of the day before. Honda said it was still working to fully stabilize its supply network for engine...

  • HONG KONG, Aug 24- China's yuan bounced back to be the fifth most-active currency for global payments in July, thanks to a big fall in payments in other currencies, global transaction service provider SWIFT said on Wednesday. Nearly 40 percent of yuan payments by South African institutions were offshore payments exchanged with countries other than China/ Hong...

  • The move to create two departments- BuzzFeed News and BuzzFeed Entertainment Group- comes at a time when online media companies are grappling with the balance between covering news and politics, and lighter fare like social media, entertainment and lifestyle. BuzzFeed will integrate some existing groups like the health team and video news into BuzzFeed News,...

  • TOKYO, Aug 24- Japan's Nikkei share average rose on Wednesday with a pause in the strong-yen trend lifting cyclical stocks, while hopes that the Bank of Japan would buy more exchange traded funds continued to support sentiment. Financials were also in demand, with Nomura Holdings rising 1.5 percent, Daiwa Securities advancing 1.3 percent and Mizuho Financial...

  • *Glencore sells stake in Ernest Henry copper mine. MELBOURNE, Aug 24- London copper hovered near its lowest in six weeks on Wednesday, with a stronger dollar hitting base metals and pushing zinc and tin away from their highest levels in more than a year. Three month copper on the London Metal Exchange drifted 0.1 percent to $4,707 a tonne following a 0.8- percent...

  • ROME— A magnitude 6.1 earthquake struck central Italy early Wednesday, with reports of damaged buildings and blackouts near the epicenter Rieti and residents fleeing their homes and running into the streets. The quake struck just after 3:30 a.m. and was felt across a broad section of central Italy, including the capital Rome where people in homes in the...

  • *Hong Kong stocks top losers; China gains. Elsewhere in the region, Hong Kong slid as investors sold financials, while mainland China markets inched higher. "China's stock markets have benefited from Brexit-related capital flows but that impact is fading and we are cautious on the market outlook given increasing signs of economic weakness," said Francis Cheung,...

  • SYDNEY— Qantas Airways Ltd. posted a record full-year profit of 1.53 billion Australian dollars on Wednesday, after undergoing a cost-saving restructuring amid steep losses just two years ago. The strong performance for Australia's largest airline comes two years after it posted a record AU $2.8 billion loss. The Sydney- based airline declared a dividend of...

  • SYDNEY, Aug 24- U.S. corn edged down on Wednesday under pressure from expectations of ample global supplies, though findings from the widely watched Pro Farmer U.S. crop tour curbed losses. *The most active corn futures on the Chicago Board of Trade fell 0.1 percent to $3.37-3/ 4. *The annual Pro Farmer Midwest Crop Tour on Tuesday estimated corn yields in Indiana...

  • MELBOURNE, Aug 24- London zinc and tin held close to their highest levels in more than a year on Wednesday as supply shrinks, while copper wallowed near its lowest in six weeks amid a stock overhang and a strong dollar. *Three month zinc on the London Metal Exchange traded at $2,298 a tonne by 0113 GMT, close to $2,314.50 a tonne hit on Aug. 8 which was the most expensive...

  • *Beijing tax evasion clampdown raises demand fears. SINGAPORE, Aug 24- Oil prices fell early on Wednesday as an unexpected build in U.S. crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. International Brent crude oil futures were trading at $49.57 a barrel...

  • *Spot gold was nearly flat at $1,338.20 an ounce at 0059 GMT. *Amid conflicting signals from the Fed in recent days, central bankers from around the world will gather from Aug. 25 for an annual meeting in the mountains of Jackson Hole, Wyoming, with Fed chair Janet Yellen due to speak the following day. *Switzerland's gold exports to the United Kingdom hit their highest...

  • *Yellen due to speak at Jackson Hole on Friday. *Muted reaction to North Korea missile news. TOKYO, Aug 24- The dollar edged up on Wednesday, moving off lows touched against the yen overnight, as markets looked to a gathering of global central bankers in Jackson Hole, Wyoming for clues on whether the Federal Reserve is poised to hike interest rates again.

  • HONG KONG, Aug 24- Asian stocks consolidated a recent run of gains on Wednesday, helped by Wall Street's rise overnight, even as oil prices slid on trade data showing a surprise build-up in U.S. crude stocks. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent in early trades. U.S. housing-related stocks jumped 2 percent after the Commerce...

  • MEXICO CITY, Aug 23- Ratings agency Moody's on Tuesday lowered its outlook for Mexico's banking sector to negative for the first time in six years, citing slower economic growth and exposure to cash-strapped state oil company Pemex. Mexico's economy shrank in the second quarter for the first time in three years, dragged down by a slump in industrial output, data...