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Wires

  • TOKYO, Oct 24- Longer-dated Japanese government bond prices edged up on Tuesday after a regularly held auction to enhance market liquidity attracted ample investor demand. JGBs of shorter maturities like the five- and 10- years continued to feel the pressure from bullish stocks, with Tokyo's Nikkei on track to mark a record 16- day winning streak.

  • *Spot gold may break resistance at $1,283/ oz- technicals. 0337 GMT, after hitting its lowest since Oct. 6 at $1,271.86 in the previous session. We're waiting for currency direction... maybe people are anxious about an early announcement from Trump on the Fed chair, "said a Hong Kong- based trader.

  • BRASILIA, Oct 24- Brazilian congressional committees are scheduled to vote on sweeping mining reforms on Tuesday, likely amending President Michel Temer's proposals to favor smaller miners before putting them to a broader vote. The decrees require the approval of Congress to become law. The move would result in miners such as Vale SA that operate on a larger...

  • WELLINGTON, Oct 24- New Zealand prime minister-designate Jacinda Ardern said on Tuesday her new Labour-led government plans to review and reform the Central Bank Act to possibly include employment, alongside inflation, as a dual target. The New Zealand dollar suffered a fresh setback on Tuesday as Ardern and New Zealand First leader Winston Peters confirmed...

  • BEIJING, Oct 24- China's Sinochem Group is reviewing its struggling oil exploration business and plans expansions into material and life sciences over the next decade in major strategy shift, the chairman of the state-run conglomerate said.

  • *China's 19th Communist Party Congress winds up on Tuesday. SYDNEY, Oct 24- Asian shares held within striking distance of recent decade highs on Tuesday and major currencies kept to narrow ranges, while the New Zealand dollar fell after the country's incoming Labour government laid out its left-leaning priorities. "The announcement... put NZD under broad...

  • *USDA pegs corn harvest behind market expectations. The most active corn futures on the Chicago Board of Trade were up 0.2 percent at $3.52 a bushel by 0307 GMT, after earlier touching their strongest since Oct. 16 at $3.52-1/ 4 a bushel. "The USDA harvest pace may provide some temporary support to prices but unless that begins to show the crop is in a terrible...

  • TOKYO, Oct 24- Japanese authorities are conducting safety checks at a Kobe Steel Ltd aluminium plant that supplied components for a domestically built passenger aircraft, the transport minister said on Tuesday. While no safety issues have been identified, the company is the subject of a U.S. Department of Justice inquiry and has said it is losing customers.

  • *SHFE COPPER: The most-traded copper contract on the Shanghai Futures Exchange gained just over 2 percent to 55,820 yuan a tonne. *CHINA REFINED COPPER OUTPUT: Data released on Monday showed China's refined copper output was the highest since December 2014. *RIO TINTO CLASS ACTION: A U.S. law firm has filed a class action suit against mining giant Rio Tinto,, which is...

  • *SE Asia to be key player in global energy demand growth- IEA. SINGAPORE, Oct 24- Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations by road, the International Energy Agency said on Tuesday. But the IEA expects oil to continue meeting around 90 percent...

  • *OPEC, non- OPEC compliance in Sept hits record 120 pct. TOKYO, Oct 24- Oil prices inched up on Tuesday, getting support from a decline in oil exports from OPEC's second-biggest producer Iraq and a projected extended fall in U.S. commercial oil stocks. "The market is currently weighing supportive materials more, such as the Kurdistan situation, the slowdown in...

  • TOKYO, Oct 24- Japan's Nikkei share average edged up in choppy trade on Tuesday morning, on track for a record 16- day winning streak, while Yaskawa Electric tumbled after disappointing investors with tepid profit forecasts. The index traversed positive and negative territory after it scaled 21- year highs on Monday to rise for a record 15th straight session...

  • BEIJING, Oct 24- China's state-owned Sinochem Group on Tuesday appeared to deny a media report that it was bidding for a stake in Chilean lithium producer SQM being sold by Canada's PotashCorp. "Up until now, neither Sinochem Group nor our subsidiaries have had such intentions or plans," the company said in response to a request for comment from Reuters.

  • TOKYO, Oct 24- One of the Kobe Steel Ltd plants at the heart of a product data cheating scandal is under inspection, Japan's transport minister said on Tuesday.

  • SAO PAULO, Oct 23- Brazilian phone carrier Oi SA faced two setbacks from the government on Monday in its efforts to pull off the country's biggest-ever in-court debt restructuring. Later on Monday, the president of Brazilian national development bank BNDES, Paulo Rabello de Castro, said Oi's restructuring plan was insufficient. Only in Brazil can this be called...

  • SYDNEY, Oct 24- U.S. corn prices edged up on Tuesday to mark their highest in eight days, with the U.S. Department of Agriculture saying the pace of harvesting was lagging market expectations. *The most active corn futures on the Chicago Board of Trade were up 0.2 percent at $3.52 a bushel by 0112 GMT, after earlier touching their strongest since Oct. 16 at $3.52-1/ 4 a...

  • SAO PAULO, Oct 23- Brazilian phone carrier Oi SA faced two setbacks from the government on Monday in its efforts to pull off the country's biggest-ever in-court debt restructuring. Later on Monday, the president of Brazilian national development bank BNDES, Paulo Rabello de Castro, said Oi's restructuring plan was insufficient. Only in Brazil can this be called...

  • TOKYO, Oct 24- Oil prices inched up on Tuesday, supported by declining exports from southern Iraq. Oil exports from southern Iraq have fallen by 110,000 barrels per day this month, according to shipping data and an industry source, adding to the drop in flows caused by a shortfall from the northern Kirkuk fields when Iraqi forces retook control from Kurdish...

  • San Diego, Oct 23- Nine months after President Donald Trump took office, the first tangible signs of progress on one of the central promises of his campaign have appeared along the U.S. border with Mexico. A couple of miles from the bustling Otay Mesa border crossing in San Diego, eight towering chunks of concrete and steel stand as high as 30 feet tall against the sky,...

  • WASHINGTON, Oct 23- U.S. industries that rarely agree- gas drillers and renewable energy producers- urged a federal agency on Monday to dump a government directive to prop up ageing nuclear and coal plants, saying the electricity grid was already reliable. A group of 20 organizations including the Independent Petroleum Association of America and the Solar...