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Wires

  • NEW YORK, Sept 19- Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term-- even 100 years into the future. Buffett spoke in New York at an event celebrating the 100th anniversary of Forbes magazine, and is on the cover of an issue featuring 100 of the...

  • NEW YORK, Sept 19- Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term-- even 100 years into the future. Buffett spoke in New York at an event celebrating the 100th anniversary of Forbes magazine, and is on the cover of an issue featuring 100 of the...

  • *Oil up after Iraq signals possible OPEC cut extension. TOKYO, Sept 20- Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day. MSCI's broadest index of Asia-Pacific shares outside...

  • TOKYO, Sept 20- Japan's embattled Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday. The decision was made by Toshiba's board and will be announced later on Wednesday, two sources said. The people declined to be identified as they were not...

  • MUMBAI, Sept 20- Business confidence among Asian companies fell for the first time in three quarters in July-September as escalating geo-political tensions outweighed an improved performance by most economies in the region, a Thomson Reuters/ INSEAD survey showed. The Thomson Reuters/ INSEAD Asian Business Sentiment Index,, representing the six-month...

  • TOKYO, Sept 20- Japanese Prime Minister Shinzo Abe is set to delay the timing for balancing a primary budget from the current fiscal 2020 to later in the decade, sources told Reuters on Wednesday, calling the government's fiscal discipline into question. The government has vowed to achieve the ambitious target of returning to a primary budget surplus in the...

  • HONG KONG, Sept 20- Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand. The offering was the biggest by a Chinese firm in the United States since rival express delivery firm ZTO Express Inc raised $1.4 billion in October.

  • TOKYO, Sept 20- Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventories. While options being considered by the Organization of the Petroleum Exporting Countries and...

  • This month, hurricanes Irma and Maria have forced Caribbean oil terminals and refineries to shut or slow operations, locking down millions of barrels stored. The scramble for shipments has led some shippers to divert tankers away from Venezuela to feed Latin American and Caribbean countries desperate for fuel. Eustatius, Puerto Rico and parts of the Bahamas,...

  • *Snap election hope should support Japan stocks for a while- analyst. TOKYO, Sept 20- Japan's Nikkei share average was nearly flat on Wednesday morning after scaling more than two-year highs on the previous day, while investors stayed cautious before the U.S. Whether the U.S. yields will rise or not is also in focus, "said Masayuki Kubota, chief strategist at Rakuten...

  • MELBOURNE, Sept 20- London metals were trapped in a tight range on Wednesday ahead of a U.S. *LEAD PREMIUMS: Premiums for LME lead in China's bonded zones jumped $10 to $170- $190 amid tightening domestic supply. Lead imports to China have been profitable since early August, fuelled partly by environmental inspections that caused some plants to shut and solid...

  • TOKYO, Sept 20- Booming shipments of cars and electronics in August drove up Japan's exports at the fastest pace in nearly four years, further evidence that overseas demand is strong enough to support healthy economic growth. Export growth is seen likely to continue as the global economy remains on a solid footing, which should underpin policymakers'...

  • HONG KONG, Sept 20- Chinese logistics firm Best Inc priced its U.S. initial public offering at $10 per share, raising $450 million, IFR reported on Wednesday, citing people familiar with the deal. The company, backed by Alibaba Group, priced the 45 million American depositary shares at the bottom of a revised range of $10 to $11 each, added IFR, a Thomson Reuters...

  • BUENOS AIRES, Sept 19- Argentine President Mauricio Macri's main bulwark against a comeback by his populist predecessor, Cristina Fernandez, in October's legislative elections is someone whose name is not even on the ballot. Buenos Aires Governor Maria Eugenia Vidal has been handed the role of ensuring that Macri's "Let's Change" coalition wins more votes...

  • WASHINGTON, Sept 19- U.S. Senate Republicans have reached a tentative budget deal that could allow tax reform legislation to eliminate as much as $1.5 trillion in revenues over 10 years through tax cuts, raising the odds that their planned tax overhaul would expand the federal deficit. Two members of the Senate Budget Committee, Republicans Pat Toomey and Bob...

  • SYDNEY, Sept 20- U.S. corn fell for a third consecutive session on Wednesday as expectations that ample supplies will soon reach the market kept prices near a one-week low. *The active corn futures on the Chicago Board Of Trade were down 0.1 percent to $3.47-3/ 4 a bushel by 0057 GMT, having closed down 0.9 percent in the previous session when prices hit a low of $3.46-1/...

  • SHANGHAI, Sept 20- China's central bank lowered its official yuan midpoint on Wednesday to 6.5670 per dollar, the weakest level since Sept. 1, reflecting softness in spot yuan a day earlier. It was the second straight day of a weaker midpoint fixing. China's onshore spot yuan weakened against the U.S. dollar on Tuesday.

  • Sept 19- A technical glitch caused Amazon.com Inc to email some of its customers erroneously that they had received a gift, the company said on Tuesday. My baby is 21, and hopes it's a keg, " Washington Post reporter Karen Tumulty said on Twitter. Major, public glitches are rare for Seattle- based Amazon, which prides itself on being a technology company, not simply an...

  • TOKYO, Sept 20- Booming shipments of cars and electronics in August drove up Japan's exports at the fastest pace in nearly four years, further evidence that overseas demand is strong enough to support healthy economic growth. Export growth is seen likely to continue as the global economy remains on a solid footing, which should underpin policymakers'...

  • *Yen unmoved by Trump's fiery North Korea rhetoric at the U.N. TOKYO, Sept 20- The dollar edged up against a basket of currencies on Wednesday as investors awaited the outcome of the Federal Reserve's meeting at which it was expected to announce plans to trim its $4.2 trillion in bond holdings. President Donald Trump's speech to the U.N. General Assembly on Tuesday,...