Wires

  • TOKYO, Aug 30- Japan's chief cabinet secretary has signaled Tokyo's readiness to intervene in the market if the yen spikes out of line with fundamentals and defended the Bank of Japan's negative interest rate policy. Yoshihide Suga, one of premier Shinzo Abe's closest aides, told Reuters in an interview on Tuesday the government will respond "appropriately" to...

  • TOKYO, Aug 30- Moody's Investors Service on Tuesday affirmed Japan's A1 sovereign debt rating and maintained a stable outlook, citing ultra-low funding costs and continued progress in government efforts to reflate the economy. Japan's very low interest costs and large pool of domestic savings mitigate the risk posed to its credit profile by the...

  • SHANGHAI, Aug 30- China stocks closed higher on Tuesday as banking shares rebounded, shaking off generally weak earnings reports and concerns about bad loans, although the selling in transport stocks left major indexes little changed. China's markets have struggled to make headway amid growing perceptions that the central bank is in no hurry to ease policy...

  • PARIS— France's trade chief says he wants to ask the European Union to end talks with the U.S. on forging a sweeping trade deal that his socialist government sees as too friendly to U.S. business. Matthias Fekl, France's secretary of state for foreign trade, said Tuesday on RMC radio that "we need a clear, clean, definitive stop" to the negotiations on a proposed...

  • DUBLIN/ BRUSSELS, Aug 30- The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, sources familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes. Though the subject of the case was not given, she was expected to detail her verdict on why a deal that encouraged the U.S....

  • BERLIN, Aug 30- Talks on a free trade deal being negotiated by the United States and the European Union are making progress, a spokesman for the U.S. trade chief told Der Spiegel, contradicting the German economy minister, who said the discussions had failed. Germany's Sigmar Gabriel said on Sunday that talks had "de facto failed." Trade Representative Michael...

  • "Gold remains range-bound within a descending triangle over the past month, with price action likely to remain fairly stable while inside this," Alex Thorndike, senior precious metals dealer with MKS PAMP Group, said in a note. "Prices will need to either breach the next major support at $1309- 11 or $1334.80 and $1355 to the topside to garner more interest."

  • *Doubts over success of OPEC talks in Sept. "There's a feeling that the OPEC production freeze talks might result in something positive, but it's just talk," said Robert Nunan, risk management director at Mitsubishi Corporation. Brent crude futures were trading at $49.28 per barrel at 0640 GMT, up 2 cents from their previous close.

  • TRADE CHIEF NEGOTIATOR'S SPOKESMAN TELLS DER SPIEGEL U.S.-EU TTIP TRADE TALKS "MAKING STEADY PROGRESS," CONTRADICTS GERMAN AND FRENCH COMMENTS.

  • PARIS, Aug 30- The current round of Transatlantic trade talks should be brought to a halt and a new set started, French Trade Minister Matthias Fekl said on Tuesday, adding he will suggest that to fellow ministers at the end of September. German Economy Minister Sigmar Gabriel said on Sunday that negotiations over the WTO's Transatlantic Trade and Investment...

  • PARIS, Aug 30- The current round of Transatlantic trade talks should be brought to a halt and a new set started, French Trade Minister Matthias Fekl said on Tuesday, adding he will suggest that to fellow ministers at the end of September. German Economy Minister Sigmar Gabriel said on Sunday that negotiations over the WTO's Transatlantic Trade and Investment...

  • CURRENT ROUND OF TRANSATLANTIC FREE TRADE TALKS SHOULD BE HALTED AND A NEW SET STARTED, FRENCH TRADE MINISTER MATTHIAS FEKL ON RMC RADIO.

  • TOKYO— Asian shares were mostly higher Tuesday as hopes continued for a U.S. KEEPING SCORE: Japan's benchmark Nikkei 225 was virtually unchanged, down less than 0.1 percent, at 16,725.36. South Korea's Kospi added 0.3 percent to 2,038.33.

  • FRANKFURT, Aug 30- Digital maps company HERE, controlled by German carmakers BMW, Daimler and Volkswagen, aims to find a new investor by the end of the year, HERE chief Edzard Overbeek told a German newspaper. "The carmakers want to open the circle of shareholders. Germany's luxury automotive groups including Daimler's Mercedes-Benz, Volkswagen's Audi division...

  • TOKYO, Aug 30- Japanese stocks ended marginally lower on Tuesday as the yen's extensive retreat stalled and as investors awaited U.S. job data later this week for more clues on a possible U.S. interest rate hike this year. The Nikkei slipped 0.1 percent to 16,725.36 points, retreating from strong gains the previous day when it added 2.3 percent following...

  • *Asia shares ex- Japan rally 0.5 pct in thin trade. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, recouping around half of Monday's loss. Stocks in South Korea added 0.4 percent and Australia 0.3 percent.

  • TOKYO, Aug 30- Japan's Nikkei share average treaded water on Tuesday, with momentum from the previous day's rally stalling as the yen's extensive retreat halted for the time being. The markets' focus has now shifted to Friday's U.S. non-farm payrolls report and its impact on Fed policy, currencies and Wall Street shares. Tokyo's banking and securities subindexes...

  • In 2013, then- New York insurance regulator Benjamin Lawsky warned that the arrangements amounted to "financial alchemy" and were reminiscent of practices that contributed to the 2008 financial meltdown. They emerged in places like Cedar Rapids, Iowa, at the headquarters of TransAmerica Life, a subsidiary of the Netherlands- based Aegon NV, which was deemed one...

  • PARIS, Aug 30- Vivendi's pay-TV unit Canal Plus is holding talks with French telecoms firm Iliad about new distribution offers as it tries to stem subscription losses in the country, newspaper Les Echos reported on Tuesday, without citing a source. Orange, France's number one telecoms operator, and Canal Plus said in July they would announce a new offer dedicated...

  • Whereas in the United States four-fifths of masts are in the hands of independent companies, around 75 percent of those in Europe are still owned by the telecom operators, according to Barclays. Tenancy ratios- the number of operators using a single mast- are 1.6 to 1.9 in Europe, compared with 2 to 3 in the United States, industry figures show. Cellnex has been buying...