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Wires

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • July 21- China's central bank set the yuan midpoint at 6.7415 per dollar on Friday, its strongest level since Oct. 20, reflecting persistent weakness in the dollar.

  • SINGAPORE, July 21- Oil prices nudged up on Friday ahead of a key meeting of major oil producing nations next week, but held below the $50 per barrel level that was briefly breached for the first time in 6 weeks in the previous session. OPEC, together with some non-members like Russia, has pledged to reduce the global glut with a 1.8 million-barrel per day production...

  • *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures Exchange opened 0.2 percent firmer at 47,790 yuan a tonne. *ALUMINIUM OUTPUT UP: Daily average primary aluminium output excluding China rose to 70,300 tonnes in June, from 70,000 tonnes in May, data from the International Aluminium Institute showed. *STEEL TALKS: Seeking a more positive...

  • SYDNEY, July 21- U.S. corn edged lower for the first time in four sessions on Friday, but was still poised to post weekly gains of nearly 4 percent as concerns about potential crop losses from adverse weather support prices. *Corn crop condition ratings declined earlier this week in top-producing states of Iowa, Illinois and Nebraska, and extended outlooks for...

  • *Spot gold edged down 0.04 percent to $1,243.80 per ounce at 0049 GMT after touching a three-week high on $1,247.48 an ounce in the previous session. *The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after European Central Bank chief Mario Draghi said policymakers would discuss changing its...

  • A Reuters analysis of India's power output data shows over 50 coal- and gas-fired power plants in India are largely mothballed, or operating at a bare minimum. After steel, power firms make up the second-biggest portion of India's $150 billion mountain of bad debts. Last month, the central bank ordered commercial banks- the main financiers of infrastructure...

  • LONDON, July 20- The U.S. gasoline surplus has disappeared thanks to a sharp drop in prices which has caused imports from Europe to slow and exports to Latin America and other markets to accelerate since the start of June. But low domestic gasoline prices at the start of the summer driving season have encouraged the diversion of tanker shipments from Europe and...

  • SAN FRANCISCO, July 20- Microsoft on Thursday reported strong fourth-quarter earnings on the back of its fast-growing cloud computing business, stoking optimism that the once-stagnant company has found a new groove. Most notably, revenue from the cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43...

  • TOKYO, July 21- The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after European Central Bank chief Mario Draghi said policymakers would discuss changing its bond-buying programme in the autumn. The euro caught its breath at $1.1625 after climbing as high as $1.1659 on Thursday, its loftiest peak...

  • TOKYO, July 21- The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs. "Although bond markets didn't take his comments as something particularly new, the currency market...

  • WASHINGTON, July 20- The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives. The 2010 Dodd-Frank Wall Street reform law called for federal banking and securities regulators to create limits on...

  • July 21- For other diaries, please see:. 24- Jul Belgium OLO auction 25- Jul United States Sale of 2- year notes 25- Jul Japan Auction of 40- year government bonds 25- Jul United Kingdom Auction of 1-1/ 2% Treasury Gilt 2047 26- Jul United States Sale of 2- year floating rate notes 26- Jul United States Sale of 5- year notes 26- Jul Italy Zero-coupon/BTPi auction 27-...

  • July 21- For other diaries, please see:. 24- Jul Belgium OLO auction 25- Jul United States Sale of 2- year notes 25- Jul Japan Auction of 40- year government bonds 25- Jul United Kingdom Auction of 1-1/ 2% Treasury Gilt 2047 26- Jul United States Sale of 2- year floating rate notes 26- Jul United States Sale of 5- year notes 26- Jul Italy Zero-coupon/BTPi auction 27-...

  • MEXICO CITY, July 20- Mexican retail and banking company Grupo Elektra on Thursday reported a net profit of 7.1 billion pesos in the second quarter, boosted by higher sales, an improved loan portfolio and a big payoff from derivative bets. Elektra saw net financial income of 6.87 billion pesos in the second quarter, compared to last year when its costs totaled 3.13...

  • SHANGHAI/ HONG KONG, July 21- Retired chauffeur Yao Huiliang used to spend his days trading small-cap Chinese stocks, trying to make quick money on sharp moves- casino-type behavior often seen in China's stock markets. His move is in tune with what regulators in Beijing want to achieve: deflating some of China's asset bubbles and building the global credibility...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • A lobbying group that represents Alphabet Inc's Google, Amazon.com Inc, Microsoft Corp and Facebook Inc filed comments with the U.S. International Trade Commission. Intel and Apple rival Samsung are members of the group, called the Computer& Communications Industry Association. "If the ITC were to grant this exclusion order, it would help Qualcomm use its...