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Wires

  • SAN JUAN, Puerto Rico, Sept 20- Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing severe flooding and plunging the island into darkness as the storm's death toll in the Caribbean rose to at least 10.. Maria, the second major hurricane to rage through the region...

  • *Chicago wheat prices rise ahead of U.S., Europe planting. SINGAPORE, Sept 21- Chicago wheat futures rose for a second session on Thursday, with prices underpinned by short-covering and positioning ahead of winter crop planting in the United States and Europe. In the United States, the wheat crop harvested area dropped 17.762 million hectares in 2016/ 17 from...

  • LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...

  • TOKYO, Sept 21- The Bank of Japan kept monetary policy steady on Thursday and maintained its upbeat view of the economy, signalling its conviction that a solid recovery will gradually accelerate inflation towards its 2 percent target without additional stimulus. But new board member Goushi Kataoka dissented to the BOJ's decision to maintain its interest...

  • TOKYO, Sept 21- Japan's Nikkei share average rose on Thursday, boosted by gains on Wall Street and a weaker yen after the Federal Reserve signalled it still expects to raise interest rates one more time this year. The dollar was 0.3 percent higher at 112.57 yen, touching its highest levels since mid-July, after the U.S. central bank said it will begin to reduce its...

  • The SEC revelation comes as Americans continue to grapple with the repercussions of a massive, months-long hack of Equifax, a credit reporting agency, which exposed highly sensitive personal information of 143 million people. The SEC chairman said this breach did not result in exposing personally identifiable information. The SEC files financial market...

  • The deal announced Thursday underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon in a high-stakes battle to become the technological hub of people's lives. Google also wants to build more internet-connected devices designed primarily for home usage, such as its voice-controlled speaker...

  • TAIPEI, Sept 21- Alphabet Inc's Google will acquire part of Taiwanese smartphone maker HTC's smartphone operations for $1.1 billion, the companies said in a joint statement on Thursday. Under the deal, Google will acquire a team of people who develop Pixel smartphones for the U.S. firm and receive a non-exclusive license for the Taiwanese firm's intellectual...

  • BEIJING, Sept 21- China's commerce ministry, taking aim at the United States, said on Thursday that some countries' unilateralism is an unprecedented challenge to global trade. The comment from Ministry of Commerce spokesman Gao Feng at a news conference was in response to a question about recent trade actions taken by the United States. President Donald Trump...

  • MELBOURNE, Sept 21- London metals came under pressure on Thursday after the Federal Reserved raised expectations of one more rate hike this year, lifting the dollar and raising prospects of higher costs for industrial metals. *LME COPPER: London Metal Exchange copper had slipped by 0.8 percent to $6,471 a tonne by 0150 GMT, following a slightly softer close in the...

  • NEW YORK— SEC says 2016 cyber breach of its filing system exposed information that may have been used for illicit trading gains.

  • *SEC only became aware of the intrusion last month. EDGAR houses millions of documents that companies are required to file to the SEC so that they can be accessed by investors. Although the SEC "promptly" patched the vulnerability after detecting it in 2016, the regulator only became aware last month that the glitch "may have provided the basis for illicit gain...

  • TOKYO, Sept 21- Japan's Toshiba Corp is expected to formalise the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action. But even after Toshiba officials announced that the 2 trillion yen deal had been reached, question marks...

  • TOKYO, Sept 21- Japan's Toshiba Corp is expected to formalize the sale of its prized memory chip unit on Thursday to a group led by U.S. private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action. But even after Toshiba officials announced that the 2 trillion yen deal had been reached, question marks...

  • SAN JUAN, Puerto Rico, Sept 20- Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing severe flooding and plunging the island into darkness as the storm's death toll in the Caribbean rose to at least 10.. Maria, the second major hurricane to rage through the region...

  • SYDNEY, Sept 21- Commonwealth Bank of Australia said on Thursday it had agreed to sell its life insurance arm to Hong Kong's AIA Group Ltd for $3.05 billion, in the biggest Asian buyout of an Australian financial services firm. CBA also flagged a possible wealth management IPO as Australia's major lenders come under regulatory pressure to boost capital in the...

  • SAN FRANCISCO, Sept 20- A move by the Trump administration to make it simpler to sell small arms abroad may provide some relief to gun makers American Outdoor Brands and Sturm Ruger& Company in an industry grappling with a deep sales slump since the election of President Donald Trump. The expected relaxing of rules could increase foreign gun sales by as much as 20...

  • TOKYO, Sept 21- The Bank of Japan is expected to reassure markets on Thursday that it will lag well behind its U.S. counterpart in scaling back its massive stimulus, as an improving economy has yet to boost inflation anywhere near its elusive 2 percent target. Premier Shinzo Abe's expected decision to call a snap election and delay the timing for achieving his...

  • *Trump endorses bill, but it is unclear it can pass Senate. President Donald Trump, who has expressed frustration at the Senate's failure thus far to pass legislation dismantling Obama's signature legislative achievement, said "47 or 48" Republicans back the bill, which needs 50 votes for passage in the 100- seat Senate, which his Republican Party controls 52-48..

  • *HTC to hold press conference at 0200 GMT. HONG KONG/ TAIPEI, Sept 21- Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday. HTC said in a filing to the stock exchange that it would hold a news conference at 10:00 a.m. Taipei...