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Wires

  • SINGAPORE, Nov 21- Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC- led production cut was canceled out by rising output in the United States. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year in a bid...

  • SAN JUAN, Puerto Rico— Whitefish Energy Holdings announced late Monday that it was halting work to help restore power in Puerto Rico because it has not been paid by the U.S. territory's government. The Associated Press obtained a letter dated Nov. 19 and signed by Whitefish CEO Andy Techmanski saying that Puerto Rico's government owes Whitefish more than $83...

  • SINGAPORE, Nov 21- Chicago wheat futures lost ground for a second session on Tuesday, with abundant global supply pressuring prices. The Chicago Board of Trade most-active wheat contract had fallen 0.2 percent to $4.21 a bushel by 0208 GMT, after dropping 1.2 percent on Monday. Wheat exporters in the United States and parts of Europe are struggling to win...

  • TOKYO, Nov 21- Japan's Nikkei share average rose on Tuesday morning after large cap stocks such as automakers and manufacturers of factory automation equipment rallied, with North Korea tensions supporting defense-related shares. The Nikkei gained 1.1 percent to 22,500.20 in midmorning trade, while the broader Topix added 0.9 percent to 1,774.80, with 32 of...

  • TOKYO, Nov 21- Japan's Nikkei share average rose on Tuesday morning after large cap stocks such as automakers and manufacturers of factory automation equipment rallied, with North Korea tensions supporting defence-related shares. The Nikkei gained 1.1 percent to 22,500.20 in midmorning trade, while the broader Topix added 0.9 percent to 1,774.80, with 32 of...

  • Nov 20- Bombardier Inc said on Monday it priced $1 billion worth of seven-year bonds at par with a final yield of 7.5 percent per year, underscoring strong demand for the deal partly slated to retire debt maturing in 2019.. As part of the deal, Bombardier has said it would invest $300 million to set up an Alabama assembly line at an existing Airbus facility for...

  • *Fonterra says Sept shipments to China up over 30 pct yr-on-yr. Nov 21- New Zealand dairy group Fonterra said on Tuesday that its domestic milk output rose 3 percent in October from the year before as wet weather subsided towards the end of the month. "My expectation would be that it would have an effect on prices, we've got a GDT auction overnight so I would expect...

  • SINGAPORE, Nov 21- Oil prices were little changed on Tuesday as expectations of an extended OPEC- led production cut were canceled out by rising output in the United States. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year in a bid to end a global...

  • SYDNEY, Nov 21- Steel-dependent metal nickel posted early gains on Tuesday in both Shanghai and London markets in step with a stronger showing in Chinese steel futures. *NICKEL RISING: The most-traded nickel contract on the Shanghai Futures Exchange was up 1.3 percent at 94,710 yuan a tonne by 0126 GMT. *LEAD/ZINC DEFICITS: The global lead market swung into a...

  • *Surprise leftist surge leaves him without Congress majority. SANTIAGO, Nov 20- Conservative billionaire Sebastian Pinera said he would court centrists on Monday in a bid to regain ground in Chile's presidential election after a surprise surge by leftists in Sunday's first-round vote. Pinera faces a tight Dec. 17 runoff against center-left Alejandro...

  • *Uber losing money in Southeast Asia. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving forward. SoftBank has also been a big investor in Uber's rivals across Asia, including Southeast Asia's Grab, China's DiDi Chuxing, and India's Ola, as it works to achieve founder Masayoshi Son's...

  • SINGAPORE, Nov 21- Chicago wheat futures lost ground for a second session on Tuesday with abundant global supplies adding pressure on prices. *U.S. and European wheat exporters are struggling to win business as Black Sea exporters led by Russia with a record crop dominate the global market. *But a tender issued by Iraq, which is seeking 50,000 tonnes of wheat from...

  • Nov 20- The U.S. Army Corps of Engineers said on Monday it temporarily halted Fluor Corp's work under its Puerto Rico power restoration contract over safety concerns and expects the work to resume on Tuesday. The work was halted after Fluor workers discovered previously installed grounding wires had been removed, a spokesman for the Army Corps said in an email.

  • *Trump put North Korea back on a list of state sponsors of terrorism on Monday, a designation that allows the United States to impose more sanctions and risks inflaming tensions over Pyongyang's nuclear weapons and missile programmes. *Federal Reserve Chair Janet Yellen said on Monday she would resign her seat on the Fed's Board of Governors once Jerome Powell...

  • MEXICO CITY, Nov 20- The fatal shooting of two workers in an apparent clash between unions at a Canadian-owned mine in Mexico angered labor activists at NAFTA talks on Monday who said the violence was an example of poor labor conditions in the country. Canada and the United States argue that weak unions and low wages south of the border tilt the 23- year-old deal in...

  • MEXICO CITY, Nov 20- The fatal shooting of two workers in an apparent clash between unions at a Canadian-owned mine in Mexico angered labor activists at NAFTA talks on Monday who said the violence was an example of poor labor conditions in the country. Canada and the United States argue that weak unions and low wages south of the border tilt the 23- year-old deal in...

  • LONDON, Nov 20- Hedge funds increased their bullish position in petroleum futures and options to a new record last week, but the first signs of caution started to emerge. Fund managers raised the number of long positions in the five major futures and options contracts covering Brent, WTI, U.S. gasoline and U.S. heating oil to a record 1.31 billion barrels on Nov. 14.

  • TOKYO, Nov 21- Asian stocks edged higher on Tuesday as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a one-week high against its peers thanks to higher U.S. yields and a floundering euro. Gains on Wall Street overnight also helped MSCI's broadest index of Asia-Pacific shares outside Japan tack on 0.15...

  • TOKYO, Nov 21- The dollar gave back some of its gains in Asian trading on Tuesday but remained not far from a one-week high against a basket of currencies as German political uncertainty continued to pressure the euro. The euro edged up 0.1 percent to $1.1738, nursing losses after dropping to $1.1722 in the previous session after German coalition government...

  • MEXICO CITY, Nov 20- Canada and Mexico will rebuff the United States over its demand for tougher NAFTA automotive content rules, top officials said on Monday as negotiations to renew the treaty bogged down with only a few months to go. President Donald Trump is threatening to quit NAFTA, which has reshaped the continent's auto sector over the past 23 years, unless...