×

Wires

  • MELBOURNE, Sept 26- London metals rose on Tuesday amid a broader updraft for commodities after production cuts fuelled an oil price recovery, while demand prospects also brightened after the Asian Development Bank raised its forecast for China's growth. *SHFE METALS: Shanghai zinc rallied 3 percent, helped by a recovery in Shanghai rebar, which climbed by 1.5...

  • SINGAPORE, Sept 26- Chicago soybean futures ticked higher on Tuesday as the market took a breather following last session's biggest one-day decline in six weeks, although expectations of a rapid U.S. harvest limited gains. The Chicago Board Of Trade's most-active soybean contract edged up 0.3 percent to $9.73-3/ 4 a bushel by 0210 GMT after Monday's 1.3 percent...

  • Peso is Asia's worst performing currency this year. TOKYO, Sept 26- A decline in the Philippine peso is in line with economic fundamentals and will support growth by encouraging more investment in infrastructure, central bank Governor Nestor Espenilla said on Tuesday. The peso is Asia's worst performing currency this year, at one point falling to 11- year lows...

  • TAIPEI, Sept 26- Taiwan aims to expand international co-operation and actively participate in regional economic integration, Premier William Lai said on Tuesday. Lai, who took office after a cabinet reshuffle earlier this month and has vowed to boost the island's economy, also said the government was seeking to sign bilateral or multilateral trade...

  • HONG KONG— The Asian Development Bank raised its growth forecast Tuesday for Asia's developing economies because global trade and conditions in the world's biggest economies are improving more than expected. It said Beijing's fiscal stimulus measures and rising foreign demand are helping to give Asia's biggest economy strong momentum.

  • The bill's sweeping cut in funding to Medicaid, a program for low income citizens and disabled children, was her top reason for opposing the bill, said Collins, from the state of Maine where 20 percent of the population depend on the program. "To take a program that has been law for more than 50 years, and make those kinds of fundamental structural changes... and to do so...

  • BEIJING, Sept 26- Profits at China's state-owned firms rose 21.7 percent in the first eight months of 2017 from the same period a year earlier, the Ministry of Finance said on Tuesday. Total profits stood at 1.9 trillion yuan in January-August, while revenue rose 15.5 percent to 33.08 trillion yuan. State firms' liabilities rose 11 percent from a year earlier to...

  • SHANGHAI, Sept 26- China's central bank fixed its official yuan midpoint weaker than the key psychologically important 6.6 per dollar level for the first time in nearly a month on Tuesday. Tuesday's official guidance came in at 6.6076 per dollar, 131 pips or 0.2 percent weaker than the previous fix of 6.5945 on Monday. China's yuan extended losses against the U.S....

  • Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila- based lender said. "Growth prospects for developing Asia are looking up, bolstered by a revival in world trade and strong momentum in PRC," ADB Chief Economist Yasuyuki Sawada in a statement after the bank updated its 2017 outlook. Sawada said developing Asia...

  • SYDNEY, Sept 26- U.S. soybeans edged higher on Tuesday after the U.S. Department of Agriculture said harvesting was lagging behind market expectations, although gains were checked as weather forecasts called for near ideal conditions. *The most active soybean futures on the Chicago Board Of Trade were up 0.3 percent to $9.73-3/ 4 a bushel by 0048 GMT after closing...

  • TOKYO, Sept 26- Oil markets took a breather on Tuesday after prices jumped more than 3 percent in the previous session, with Turkey threatening to cut crude flows from Iraq's Kurdistan region to the outside world. Global marker Brent hit a two-year high on Monday, helped by output curbs by the Organization of Petroleum Exporting Countries and other major...

  • TOKYO, Sept 26- Oil markets took a breather on Tuesday after prices jumped more than 3 percent in the previous session, with Turkey threatening to cut crude flows from Iraq's Kurdistan region to the outside world. Global marker Brent hit a two-year high on Monday, helped by output curbs by the Organization of Petroleum Exporting Countries and other major...

  • North Korea's foreign minister said on Monday that a weekend tweet by President Donald Trump counted as a declaration of war on North Korea and that Pyongyang reserved the right to take countermeasures, including shooting down U.S. bombers even if they are not in its air space. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in...

  • *North Korea's foreign minister said on Monday President Donald Trump had declared war on North Korea and that Pyongyang reserved the right to take countermeasures, including shooting down U.S. bombers even if they are not in its air space. *Stocks fell on Wall Street and U.S. government bond yields dropped after North Korea accused the United States of having...

  • A sweeping cut in funding to Medicaid, a program for low income citizens and disabled children, was the main reason for opposing the bill, she told reporters. "To take a program that has been law for more than 50 years, and make those kinds of fundamental structural changes... and to do so without having in depth hearings to evaluate the impact on our most vulnerable...

  • *Latest verbal jab by North Korea spoils risk sentiment. TOKYO, Sept 26- The yen stood tall on Tuesday as tensions on the Korean peninsula flared-up anew amid an escalating war of words between North Korea and the United States, while the euro struggled near a four-week low versus the dollar. The Japanese currency made sharp gains after North Korea's foreign...

  • In court papers filed in U.S. bankruptcy court in San Juan, the Puerto Rico Fiscal Agency and Financial Advisory Authority sought "urgent" permission from federal Judge Laura Taylor Swain, who oversees the $72 billion bankruptcy, for a four-week extension on so-called discovery in a slew of legal disputes in the case. The authority also requested that Swain...

  • TOKYO, Sept 26- Bank of Japan policymakers said they should stick with their current policy framework and had reason to be optimistic about consumer prices because measures of inflation expectations have stopped falling, minutes of the central bank's July 19-20 meeting showed on Tuesday. The BOJ kept monetary policy on hold at the meeting in July but pushed...

  • *Iran imposes flight ban, Turkey threatens retaliation. ERBIL/SULAIMANIYA, Iraq, Sept 25- Kurds voted in large numbers in an independence referendum in northern Iraq on Monday, ignoring pressure from Baghdad, threats from Turkey and Iran, and international warnings that the vote may ignite yet more regional conflict. It is designed to give Masoud Barzani, who...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 26- Sep United States Sale of 2- year notes 26- Sep Germany Auction of 2- year Treasury notes 26- Sep Italy Zero-coupon/BTPi auction 26- Sep Japan Auction of 40- year government bonds 27- Sep United States Sale of 2- year floating rate notes 27- Sep United States Sale of 5-...