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Wires

  • *Final dividend rises to $0.43 from $0.14. It generated more cash than even in some years of the mining boom, slashed net debt by nearly $10 billion to $16.3 billion and tripled its final dividend to $0.43 a share. "Net debt looks very impressive... so the cash looks like it was applied to deleveraging versus extra dividends," Shaw and Partners analyst Peter O'Connor...

  • LONDON, Aug 22- Britain's second biggest housebuilder Persimmon said its first-half pre-tax profits rose 30 percent to 457 million pounds but it would remain cautious over land buying due to uncertainty around Brexit. Persimmon, which built just over 15,100 homes across the country in 2016, said its volumes rose 8 percent to 7,794 units in the first six months...

  • HONG KONG, Aug 22- China Construction Bank Corp is raising at least 100 billion yuan for a fund to finance investments related to Beijing's Belt and Road initiative, people familiar with the matter told Reuters. Chinese President Xi Jinping in May pledged a $124 billion funding boost to help his plan to build a modern Silk Road, connecting China with new and old...

  • UPPER DARBY, Pa.— Officials: 33 people injured when inbound train crashes into unoccupied parked train at station in suburban Philadelphia.

  • MELBOURNE, Aug 22- London copper steadied on Tuesday from three-year highs touched the session before, as the resumption of a rally in iron ore prices offered support to the sector. *LONDON COPPER: London Metal Exchange copper pared early losses to trade little changed at $6,593 a tonne by 0535 GMT. *SHANGHAI COPPER: Shanghai Futures Exchange copper climbed 1.1...

  • A spokeswoman for the Southeastern Pennsylvania Transportation Authority says it happened around 12:15 a.m. Tuesday. Heather Redfern says an inbound Norristown High Speed Line train crashed into an unoccupied, parked train at the 69th Street Terminal in Upper Darby. In an early morning briefing, Upper Darby Mayor Nicholas Micozzie said the victims were...

  • SEOUL, Aug 22- South Korea's new antitrust chief said he had been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, helping lift shares of major companies on Monday. How does cross shareholding at Hyundai work? However, he singled out Hyundai Motor Group, South Korea's No.2 conglomerate with...

  • BEIJING— Asian stock markets were mostly higher Tuesday after Wall Street gained as investors looked ahead to this week's gathering of central bankers in Jackson Hole, Wyoming. Seoul's Kospi added 0.4 percent to 2,364.57 while Tokyo's Nikkei 225 shed 0.1 percent to 19,379.75. Benchmarks in Taiwan, New Zealand, Singapore and Bangkok rose while Malaysia and the...

  • HONG KONG, Aug 22- Country Garden Holdings Company Ltd, China's top property developer by sales, on Tuesday reported an almost 35 percent rise in its core profit over the first six months of the year, helped by a property boom. Country Garden, which has an internal target to double sales this year to 600 billion yuan, posted 288.9 billion yuan sales for the first six...

  • BEIJING, Aug 22- A group of state and private companies will invest a total of 6.9 billion yuan in COFCO Capital, a subsidiary of state-run agribusiness COFCO Group, according to a notice published on Monday on a state investment platform. COFCO Capital's new shareholders include state-run investors such as the State-owned Enterprise Structural Adjustment...

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

  • SHANGHAI, Aug 22- China's yuan firmed against the U.S. dollar on Tuesday after the central bank set the midpoint at its firmest in 11 months, as the Chinese currency continued to benefit from a soft dollar. Prior to market opening, the People's Bank of China set the yuan's midpoint at 6.6597 per dollar, the strongest level since Sept. 22, 2016. The Thomson Reuters/ HKEX...

  • *Shanghai- listed China Unicom unit up 10 pct for second consecutive day. SHANGHAI, Aug 22- China shares rose on Tuesday thanks to strong support from China Unicom's Shanghai- listed unit and financial firms, but consumer and technology companies lost ground as investors took profits on recent gains. Shanghai- listed China United Network Communications Ltd...

  • 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...