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Wires

  • TOKYO— Japanese public broadcaster NHK says its erroneous alert of a North Korean missile fired at Japan was sent by a staff member who meant to file a different news flash. The erroneous news flash Tuesday said North Korea appeared to have fired a missile at Japan and that the government was warning people to take shelter. Days earlier, Hawaii's emergency...

  • LONDON, Jan 17- Education group Pearson said it expected to deliver underlying profit growth in 2018 when stripping out disposals and changes to currency, despite ongoing pressures in its North American business. Pearson, updating on trading for its 2017 fourth quarter, said it expected adjusted operating profit of around 570 million pounds to 575 million...

  • *Resource shares lead losses in Asia as oil dips on profit-taking. European shares were expected to dip, with futures pointing to a fall of 0.3 percent in Germany's Dax, 0.4 percent in France's Cac and 0.2 percent in Britain's FTSE. MSCI's broadest index of Asia-Pacific shares outside Japan retreated 0.3 percent from its record high as resource shares declined...

  • *Resource shares lead losses in Asia as oil dips on profit-taking. European shares were expected to dip, with futures pointing to a fall of 0.3 percent in Germany's Dax, 0.4 percent in France's Cac and 0.2 percent in Britain's FTSE. MSCI's broadest index of Asia-Pacific shares outside Japan retreated 0.3 percent from its record high as resource shares declined...

  • **The largest percentage losses in the Shanghai index were China Jushi Co Ltd down 9.98 percent, followed by Shanghai Shimao Co Ltd losing 9.33 percent and Changchun Gas Co Ltd down by 8.74 percent. **So far this year, the Shanghai stock index is up 3.91 percent, the CSI300 is up 5.4 percent this year, while China's H-share index listed in Hong Kong is up 9.2 percent.

  • *Spot gold to test $1,357.54/ oz- technicals. Spot gold was down 0.3 percent at $1,334.86 an ounce. It touched its strongest since Sept. 8 at $1,344.44 on Monday.

  • TOKYO— Shares were lower Wednesday in Asia after a flip-flop session on Wall Street, where the Dow industrial average ended almost flat after backtracking from a broad rally earlier in the day. KEEPING SCORE: Japan's Nikkei 225 index lost 0.4 percent to 23,868.34 and Hong Kong's Hang Seng slipped 0.1 percent to 31,870.40. The Kospi in South Korea shed 0.3 percent...

  • MUMBAI, Jan 17- Indian sugar processors have undermined their own margins in order to meet government mandates on when to pay cane farmers, which required them to sell supply onto the market at the same time they agreed to pay more for sugar cane. India, the world's second-biggest sugar producer, requires the processors to pay cane farmers within two weeks of...

  • MILAN, Jan 17- European car sales fell 4.8 percent in December from the same month a year ago due in part to one less working day, with sales at all major automakers except PSA Group and BMW contracting, industry data showed on Wednesday. Registrations fell to 1.14 million cars last month in the European Union and European Free Trade Association countries, Brussel-...

  • Casino, which controls Brazil's Grupo Pao de Acucar, posted fourth-quarter sales of 10.01 billion euros. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to revive profits in its biggest market which is France, where it now makes more than 50 percent of its sales, at a time of slower growth in Brazil.

  • BEIJING— Politics weighs more heavily on foreign companies in China than it has in nearly three decades. The latest flashpoint was Beijing's fury last week at hotel keeper Marriott and other companies that labeled self-ruled Taiwan a company on websites or customer materials. Businesspeople complain their operations are being hampered by internet...

  • *Co-founder says China could be up to 50 pct of future business. Matt Barnard, chief executive of the San Francisco- based firm which counts Amazon Inc. founder Jeff Bezos and Japanese tech player SoftBank Corp among its backers, told Reuters on Wednesday that China could potentially host at least 300 of Plenty's farms. Plenty is currently hiring in China and...

  • TOKYO, Jan 17- Japan's Nikkei share average dropped on Wednesday as mining, oil and shipping stocks lost ground, while bitcoin-related stocks tumbled after the cryptocurrency's value extended its sharp decline on worries over tighter regulation. The Nikkei dropped 0.4 percent to 23,868.34. The mining, oil and shipping sectors underperformed, losing their...

  • PARIS, Jan 17- French manufacturing group Alstom, which has agreed to merge its rail operations with Germany's Siemens, reported higher third-quarter sales and kept its 2020 financial targets. Last September, Siemens and Alstom agreed to merge their rail operations, creating a European champion to challenge the advance of China's state-owned CRRC.

  • TOKYO, Jan 17- Japan's Fast Retailing Co said on Wednesday it planned to launch its Uniqlo clothing brand in Sweden with a first store opening in Stockholm this fall, in a move that would challenge rival H&M in its home market. The store would mark the cut-price brand's first entry in the Nordic region, Japan's top apparel retailer said. Uniqlo, known for its cheap,...

  • BAGHDAD— When Iraqi forces drove Islamic State militants out of eastern Mosul a year ago, Nashwan Shakir Mahmoud raced back to his home, hoping that his red and white 1955 Chevrolet coupe had survived three years of war and upheaval. He spent 10 days carrying out his own repairs and then drove it all the way back to Baghdad, a 13- hour journey that would have taken four...

  • TOKYO/ SINGAPORE, Jan 17- Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world's biggest and best known cryptocurrency fell to as low as...

  • HOUSTON, Jan 17- SandRidge Energy Inc is expected to meet with activist investor Carl Icahn on Wednesday over his demands for a board shake-up and other governance changes, part of a bid by the U.S. shale oil producer to quell tensions with its largest shareholder and most outspoken critic. A week ago, he called on the Oklahoma City- based company to replace two...

  • SHANGHAI, Jan 17- China's luxury goods market is back in fashion. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last year and are poised to consolidate the gains in 2018, according to consultancy Bain& Co.. China's shoppers are the biggest spenders worldwide on luxury products,...

  • The key measure of capital expenditure was issued just as Japan's top business lobby urged companies to raise wages by 3 percent in upcoming annual salary negotiations with unions, supporting the government's efforts to accelerate inflation. "A lot of the growth in Japan is fairly cyclical, but I want to acknowledge some progress in structural reforms," said...