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Wires

  • HOUSTON, Aug 28- Houston is facing worsening floods in the coming days as Tropical Storm Harvey dumps more rain on the city, swelling rivers to record levels and forcing federal engineers on Monday to release water from area reservoirs in hopes of controlling the rushing currents. Torrential rain also hit areas more than 150 miles away, swelling rivers upstream...

  • TRUMP APPROVES LOUISIANA EMERGENCY DECLARATION AMID STORM HARVEY- WHITE HOUSE STATEMENT.

  • *Germany, France, Italy main beneficiaries. LONDON, Aug 28- As bond markets brace for an end to ECB stimulus, reinvesting funds from maturing bonds the bank holds could prevent the kind of "taper tantrum" that sent yields soaring in 2013 after the U.S. The cash the European Central Bank receives when the bonds it holds are repaid or redeemed is set to pick up next year and...

  • LONDON, Aug 28- An already weak dollar dropped to 16- month lows against a basket of major currencies on Monday, as flooding caused by Tropical Storm Harvey paralyzed the United States fourth-biggest city and drove worries about a hit to the economy. Federal Reserve Janet Yellen failed to mention monetary policy at the closely watched Jackson Hole meeting in...

  • RUSSIAN ECONOMY MINISTRY IMPROVES ECON OUTLOOK FOR 2017-2020, COUNTS ON HIGHER OIL PRICES.

  • RUSSIAN ECONOMY MINISTRY SEES URALS CRUDE AVERAGING $44.20/ BBL IN 2017-2020 VS $42.60/ BBL IN PVS FCAST.

  • RUSSIAN ECONOMY MINISTRY SEES AVERAGE DOLLAR/ROUBLE RATE AT 64.83 IN 2017-2020 VS 69.48 IN PVS FCAST.

  • MOSCOW, Aug 28- The Russian Economy Ministry has improved its outlook for the next three years, assuming oil prices will be higher than previously thought, according to a new set of forecasts obtained by Reuters. The Russian Economy Ministry did not immediately respond to a request for comment. According to the new set of official economic forecasts, the economy...

  • RUSSIAN ECONOMY MINISTRY SEES AVERAGE GDP GROWTH AT 2.2 PCT IN 2017-2020 VS 1.6 PCT IN PVS FCAST.

  • WASHINGTON, Aug 28- U.S. emergency management officials said on Monday they were committed to getting federal resources to Texas as quickly as possible to help with the flooding caused by Tropical Storm Harvey, with more than 450,000 people likely to seek assistance. Federal Emergency Management Agency Administrator Brock Long said more than 30,000 people...

  • LAUNCESTON, Australia, Aug 28- Hurricane Harvey may achieve in global crude oil markets in a few days what OPEC and its allies have struggled to achieve in months- a tightening of supplies and a rise in prices. Benchmark U.S. gasoline futures jumped as much as 6.8 percent in early trade on Monday in Asia to touch $1.7799 a gallon. It has been U.S. shale oil output that has...

  • *Air Worldwide estimates insured losses from Hurricane Harvey's winds and storm surge between $1.2 billion and $2.3 billion.

  • AIR WORLDWIDE ESTIMATES INSURED LOSSES FROM HURRICANE HARVEY'S WINDS AND STORM SURGE BETWEEN $1.2 BLN AND $2.3 BILLION.

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • Aug 28- U.S. stock index futures were little changed on Monday as Tropical Storm Harvey barreled into the Texas coast, the heart of the U.S. energy sector, raising concerns about the impact of the storm on the economy and piling more pressure on the dollar, which hit 16- month lows against a basket of currencies. *Harvey, the most powerful hurricane to hit Texas in more...

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, worsening flooding that has paralyzed the country's fourth-largest city, forced thousands to flee surrounding counties and swelled rivers to levels not seen in centuries. Schools, airports and office buildings in Houston were ordered shut on Monday as scores of roads turned...

  • LONDON, Aug 28- U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16- month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy. Federal Reserve Chair Janet Yellen failed to mention monetary policy in a closely watched speech at...

  • SYDNEY/ PARIS, Aug 28- U.S. corn fell on Monday to around the seven-month low reached in the previous session, as welcome rainfall eased concerns over widespread production losses. The most active corn futures on the Chicago Board Of Trade were down 0.1 percent at $3.53 a bushel by 1107 GMT, after falling to $3.52-1/ 2 a bushel earlier in the session, a level first hit on...

  • JOHANNESBURG, Aug 28- Gold rose to its highest in more than a week on Monday as the dollar weakened and the euro powered ahead after the head of the European Central Bank refrained from talking down the single currency at a high-profile meeting of central bankers. At the meeting in Jackson Hole in the U.S. state of Wyoming, the ECB's Mario Draghi said the bank's...

  • COPENHAGEN, Aug 28- Four Danish Uber drivers were on Monday found guilty of illegal taxi driving by a Copenhagen court, with one driver fined about $78,000. The four drivers were charged in March after the Danish tax authorities received a list from the Netherlands of around 1,500 Danish Uber drivers' names, Danish police said in a statement.