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Wires

  • MELBOURNE, Sept 25- London zinc and nickel bounced back as markets stabilized on Monday after investors slashed risk late last week on concerns about China's credit and escalating tensions over North Korea. *CHINA LENDING: China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting...

  • MELBOURNE, Sept 25- London zinc and nickel bounced back as markets stabilised on Monday after investors slashed risk late last week on concerns about China's credit and escalating tensions over North Korea. *CHINA LENDING: China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting...

  • TOKYO, Sept 25- Japan's Nikkei share average rose on Monday morning as a weaker yen lifted exporter shares, while expectations for a snap election continued to support overall sentiment. Separately, the Yomiuri newspaper reported that Abe plans to compile a new economic stimulus package of around 2 trillion yen by the end of this year. "The news report about 2...

  • SINGAPORE, Sept 25- Demand for U.S. light sweet crude is set to rise amid changes in sulphur specifications for refined products like fuel oil and as shale producers continue to drill for more crude, an executive from U.S. pipeline firm Enterprise Products said on Monday. To the demand in Asia, to the demand in Europe, " Brent Secrest, senior vice president at...

  • SINGAPORE, Sept 25- Demand for U.S. light sweet crude is set to rise amid changes in sulfur specifications for refined products like fuel oil and as shale producers continue to drill for more crude, an executive from U.S. pipeline firm Enterprise Products said on Monday. To the demand in Asia, to the demand in Europe, " Brent Secrest, senior vice president at Enterprise...

  • Sydney, Sept 25- Australia's prudential regulator should be given powers as soon as October to cap bank executives' salaries, delay their bonuses and drive them out of the industry if they were guilty of wrongdoing, Treasurer Scott Morrison said on Monday. Australia's biggest banks have gone through a tumultuous period peppered with allegations of misleading...

  • TOKYO, Sept 25- Japan and the United States are likely to hold their second economic dialogue on Oct. 16 in Washington, a source familiar with the issue told Reuters on Monday. Japanese Deputy Prime Minister Taro Aso is expected to skip the Group of 20 finance leaders' meeting and IMF meeting from Oct. 12 due to an expected general election in Japan, the source also said.

  • TOKYO, Sept 25- Japan and the United States are likely to hold their second economic dialog on Oct. 16 in Washington, a source familiar with the issue told Reuters on Monday. Japanese Deputy Prime Minister Taro Aso is expected to skip the Group of 20 finance leaders' meeting and IMF meeting from Oct. 12 due to an expected general election in Japan, the source also said.

  • TOKYO, Sept 25- Japanese Prime Minister Shinzo Abe is expected on Monday to announce a snap election for next month to take advantage of improved ratings and opposition disarray, despite criticism that he is creating a political vacuum amid worries over North Korea. Abe will hold a news conference at 6 p.m., Jiji news agency reported, after meeting party...

  • TOKYO, Sept 25- Japanese Prime Minister Shinzo Abe is expected on Monday to announce a snap election for next month to take advantage of improved ratings and opposition disarray, despite criticism that he is creating a political vacuum amid worries over North Korea. Abe is expected to hold a news conference after meeting party executives and will likely put...

  • TOKYO, Sept 25- Japanese Prime Minister Shinzo Abe will order cabinet ministers on Monday to compile a stimulus package worth around 2 trillion yen to increase spending on child care and education, two government sources told Reuters. Abe is expected to announce a snap election on Monday to take advantage of improved ratings and disorganized opposition...

  • *New restrictions set to take effect Oct. 18. WASHINGTON, Sept 24- President Donald Trump on Sunday slapped new travel restrictions on citizens from North Korea, Venezuela and Chad, expanding to eight the list of countries covered by his original travel bans that have been derided by critics and challenged in court. Iran, Libya, Syria, Yemen and Somalia were left on...

  • SHANGHAI, Sept 25- China's central bank fixed its official yuan midpoint at 6.5945 per dollar on Monday, the weakest level since Aug.31, reflecting broad dollar strength in global markets. Monday's fixing was 84 pips or 0.13 percent weaker than the previous fix of 6.5861 on Friday. Market participants said Monday's official guidance came in largely matched...

  • SYDNEY, Sept 25- U.S. wheat fell nearly 1 percent to a five-day low on Monday on abundant global supplies. *The most active wheat futures on the Chicago Board Of Trade were down 0.8 percent at $4.45-3/ 4 a bushel by 0054 GMT, near the session low of $4.44 a bushel- the lowest since Sept. 20. *The U.S. Department of Agriculture confirmed that private exporters sold 190,000...

  • TOKYO, Sept 25- Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by...

  • In Shanghai the most active contract went one better, hitting a six-year high of 17,250 yuan per tonne. Well, it's not exactly Christmas, but in China winter has come early with the first aluminium smelters now powering down ahead of the mandated cuts over the "winter heating season". China's "Air Pollution Control" regulation, formally approved in February,...

  • SAN DIEGO— The busiest border crossing in the United States was set to reopen about 12 hours ahead of schedule Monday after it closed for the weekend to travelers who normally drive through to Mexico. The San Ysidro Port of Entry connecting San Diego to Tijuana closed at 3 a.m. Saturday for work on a $741 million expansion project. There were no significant delays...

  • *Brent crude near 6-1/ 2- mth highs after OPEC meeting. The euro, however, was already losing support from the European Central Bank's monetary policy theme and appeared to be on its way lower, "said Daisuke Karakama, chief market economist at Mizuho Bank in Tokyo. The New Zealand dollar suffered a similar setback, falling as New Zealand's ruling National Party won...

  • New York- based Altice, which is owned by a European conglomerate and is better known as Optimum, said Disney had asked it for "hundreds of millions of dollars" in new fees to be able to continue carrying ESPN and ABC, even as ratings suffer. We want to carry ESPN and its sister networks, including ABC and Disney, at a reasonable rate and have already offered an increase in...

  • *The euro slipped in early Asian trading on Monday after Germany's election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. President Donald Trump dialled up the rhetoric against North Korea again at the weekend, warning the country's foreign minister that he and leader Kim Jong Un "...