×

Wires

  • TOKYO, Aug 22- Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week. MSCI's broadest index of Asia-Pacific shares outside Japan extended early gains and rose 0.7 percent.

  • TOKYO, Aug 22- Longer-dated Japanese government bond prices trimmed earlier losses and edged up on Tuesday after an auction of 20- year debt attracted solid demand from investors. The 20- year yield fell half a basis point to 0.545 percent after reaching 0.550 percent earlier, while the 30- year yield was down 1 basis point at 0.830 percent following an earlier...

  • DENVER— Colorado's largest city is on the brink of licensing some of the nation's first legal marijuana clubs. But Denver's elaborate hurdles for potential weed-friendly coffee shops and gathering places may mean the city gets few takers for the new licenses. Denver voters approved bring-your-own-pot clubs in a ballot measure last year after city...

  • BENGALURU, Aug 22- Gold prices were a touch lower on Tuesday, pressured by an uptick in the dollar, with investors focusing on tensions over North Korea and remaining cautious ahead of an annual central banking meeting in Jackson Hole later this week. "The U.S. and South Korea's military training will probably induce some move from North Korea.

  • *Wheat firms, USDA pegs condition of spring crop higher. SYDNEY, Aug 22- U.S. corn edged higher on Tuesday, rebounding from a near two-month low in the previous session, as reports of variable yields from a widely watched crop tour raised fears that production will not match official estimates. The most active corn futures on the Chicago Board of Trade were up 0.4...

  • NEW YORK, Aug 22- TD Ameritrade has. launched a "chatbot," an automated program that can communicate with the brokerage's customers on Facebook Inc's messaging application, to give them information about markets and their accounts. "If salty language is used it will automatically escalate it to the human," Sunayna Tuteja, director of emerging technologies and...

  • TORONTO, Aug 22- Canadians took on more consumer debt in the second quarter and average mortgage loan balances also increased, but delinquency rates fell, a major credit report provider said on Tuesday. Non-mortgage debt balances averaged C $22,154 in the quarter, up 2.7 percent from a year earlier, TransUnion's report showed. TransUnion Canada's Director of...

  • SYDNEY Aug 22- Murray Goulburn Co-operative, Australia's largest milk processor, said on Tuesday it was considering approaches from a broad array of suitors who were interested in acquiring the cooperative as a whole or some of its assets. The interest comes as Murray Goulburn, reeling from an ill-fated Asian expansion, reported its first annual loss since its...

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said "it looks like the growth in U.S. production is quickly running out of steam...

  • TOKYO, Aug 22- Japanese stocks were nearly flat in choppy trade on Tuesday morning as geopolitical uncertainty kept activity in check while investors awaited the annual Jackson Hole conference this week. Geopolitical tensions simmered as the United States and South Korea began long-planned joint military exercises on Monday, heightening tensions with...

  • *Final dividend increased to $0.43 from $0.14. SYDNEY, Aug 22- Global mining giant BHP Billiton committed to quitting its underperforming U.S. shale oil and gas business on Tuesday, as it posted a surge in annual underlying profit to $6.7 billion. The world's biggest mining house, which was buoyed by a recovery in industrial commodities markets, pleased...

  • MELBOURNE, Aug 22- London copper edged down on Tuesday from three-year highs touched the session before, but the resumption of a rally in iron ore prices offered support to the sector. *LONDON COPPER: London Metal Exchange copper had slipped 0.3 percent to $6,567 a tonne by 0153 GMT. *SHANGHAI COPPER: Shanghai Futures Exchange copper was holding 0.6- percent gains...

  • SYDNEY, Aug 22- U.S. corn prices inched down on Tuesday, lingering near a one-month low as the U.S. government said the condition of the latest crop had improved, easing fears of production losses from recent dry weather. *The most active corn futures on the Chicago Board of Trade were down 0.1 percent at $3.62-1/ 2 a bushel by 0115 GMT. *Scouts on an annual U.S. crop tour...

  • CANBERRA, Australia— Anglo-Australian miner, BHP Billiton, on Tuesday reported a return to black with a $6.7 billion annual profit a year after the company's worst ever full-year result and said it wants to sell its U.S. shale oil assets. The Melbourne, Australia based-company's turnaround from the $6.4 billion loss for the year through June 2016, was built on...

  • SHANGHAI, Aug 22- China's central bank on Tuesday set the yuan's midpoint at 6.6597 per dollar, the strongest level since Sept. 22, 2016, as the Chinese currency continues to be supported by a weak dollar.

  • LAUNCESTON, Australia, Aug 22- It's tempting to think that BHP Billiton has caved into demands by activist investor Elliott Advisors by agreeing to sell its U.S. onshore oil and gas business and by boosting the returns to shareholders. BHP said in its annual results on Tuesday that it would triple its final dividend to $0.43 a share, slightly below the...

  • *Spot gold had slipped 0.1 percent to $1,289.77 an ounce by 0054 GMT, after rising 0.5 percent in the previous session. *The United States and South Korean began long-planned joint military exercises on Monday, heightening tensions with North Korea which called the drills a "reckless" step toward nuclear conflict. *Emerging economies' debt in euros has shot to...

  • The approaches come as Murray Goulburn, reeling from an ill-fated Asian expansion, reported its first annual loss since its 2015 listing. Murray Goulburn said it has told Deutsche Bank, its advisor, to seek more detailed proposals from the suitors, whom it did not name. Murray Goulburn reported a A $370.8 million loss for the year ended June 30, compared with a...

  • *Focus on Jackson Hole meeting. SINGAPORE, Aug 22- The dollar held steady against a basket of currencies on Tuesday, with traders focusing on the annual central banking conference in Jackson Hole this week for insights on the outlook for monetary policy. If Yellen's speech increases market expectations that the Fed will raise interest rates in December, that...

  • TOKYO, Aug 22- Asian shares edged higher on Tuesday, taking solace from modest gains on Wall Street even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent. Te country's forces began computer-simulated military exercises...