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Wires

  • BEIJING, Sept 26- HNA Group, the high-flying Chinese conglomerate caught in the cross-sights of Beijing, has hit turbulence as deals stall and scrutiny of its finances and shareholding structure intensifies. Beijing's clampdown on highly-leveraged foreign investment has led to more regulatory scrutiny around the world, putting the brakes on a remarkable...

  • ZURICH, Sept 26- Food giant Nestle on Tuesday set a formal margin target, as several of its rivals have done, fulfilling another demand by activist shareholder Third Point. Expectations had already been high for Schneider, the first outside CEO at Nestle in nearly a century, but ramped up following the arrival of activist hedge fund Third Point as a shareholder and...

  • SHANGHAI— It is no secret that the bulk of Ivanka Trump's merchandise comes from China. Since Ivanka Trump became an official adviser to her father, public information about companies importing her branded goods to the U.S. has become harder to find. The deepening secrecy means it's unclear who Ivanka Trump's company is doing business with in China, even as she...

  • BEIJING— The encrypted messaging service WhatsApp is suffering intermittent disruptions in China as communist authorities tighten censorship controls ahead of a major ruling party meeting. Attempts to set up new WhatsApp accounts on some Chinese mobile phones on Tuesday were met with network error messages. WhatsApp, which is owned by Facebook, offers...

  • SINGAPORE, Sept 26- Oil prices may rise to $60 a barrel by the end of this year or by early 2018 as OPEC and non- OPEC producers are expected to extend supply cuts beyond March, while oil inventories continue to decline, a former Saudi energy ministry official said in a speech Washington on Monday. We even might hit $60 per barrel before the end of this year or the...

  • YAUCO, Puerto Rico, Sept 26- Hurricane Maria battered this quiet Puerto Rican outpost and covered it with mud, but it couldn't separate Sandra Harasimowicz from her beloved pets. She and her husband Gary Rosario said they clung to the side of a house for hours last week to save their seven dogs from a hurricane that reduced their picturesque neighborhood in Puerto...

  • TOKYO, Sept 26- Kobe Steel Ltd, Japan's No.3 steelmaker, and United States Steel Corp said on Tuesday that their U.S. joint venture will spend $400 million to boost output capacity of high-strength steel amid growing demand from automakers. The 50-50 joint venture, PRO-TEC Coating Company, will begin construction of a new continuous galvanizing line in its steel...

  • SHANGHAI, Sept 26- China's yuan rebounded against the dollar on Tuesday, clawing back losses from the previous session as market participants grew wary of regulators' tolerance for recent selling after the currency breached a key level. Market participants also expect authorities will want to keep the yuan relatively stable in the run-up to a key Communist...

  • News about the breach of an SEC network that delivers company news and data to investors follows the disclosure of the massive data breach from credit company Equifax that allowed hackers to access or steal the personal information of 143 million Americans. Jay Clayton, who has been at the head of the SEC since May, is not likely to face calls for his removal since...

  • SHANGHAI— The Chinese supply chains of Ivanka Trump's brand are more secretive than ever. Among the few publicly identified companies that shipped Ivanka Trump goods to the U.S. in the past, the AP found one owned by the Chinese government and another selected for special export subsidies— a possible violation by China of global fair trade rules that could...

  • SHANGHAI— As Ivanka Trump's political influence grows, so does secrecy surrounding her fashion brand's business ties in China.

  • NEW YORK, Sept 26- Just days after Hurricane Harvey smacked Texas and hobbled a quarter of U.S. refining industry, the supply networks that fuel the nation's cars, trucks and airplanes began to fail. Consumers paid the price as gasoline spiked ahead of Harvey's arrival and jumped again after the storm as the extent of the disruption to Texas refiners became...

  • Having pushed through changes to France's 3,000- page labour rule book this month, the 39- year-old president, a former investment banker himself, is looking to take on the opaque world of unemployment insurance in the weeks ahead. The aim is to spur those who lose their jobs to get back to work more quickly and fill France's growing number of vacancies, part of...

  • TOKYO, Sept 26- Japanese government bonds were on solid footing on Tuesday, as futures edged up on the back of renewed tensions over the Korean peninsula amid an escalating war of words between North Korea and Washington. December 10- year JGB futures rose 0.07 point to 150.91. Tuesday's 500 billion yen 40- year JGB auction drew ample investor interest, with the...

  • BEIJING— China has delayed enforcing sweeping new controls on food imports following complaints by the United States, Europe and other trading partners that they would disrupt billions of dollars in trade. But Beijing has decided to grant a "transitional period of 2 years" following comments by other governments, according to a document submitted to the World...

  • SHANGHAI, Sept 26- China's main stock indexes steadied on Tuesday after three days of losses as investors hunted for bargains in beaten-down property and resources shares. China's securities watchdog said late on Monday that maintaining market stability is of "extreme importance", and is a political task. Both China's blue-chip CSI300 index and the Shanghai...

  • BEIJING, Sept 26- Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix, is looking for an initial public offering in the United States as early as next year, which could value it at more than $8 billion, Bloomberg reported. The video steaming service, which competes with Tencent Holdings Ltd and Alibaba Holdings Ltd's Youku Tudou, is set to start...

  • *Latest verbal jab by North Korea spoils risk sentiment. TOKYO, Sept 26- The yen stood tall on Tuesday after tensions on the Korean peninsula flared-up anew amid an escalating war of words between North Korea and the United States, while the euro struggled near a four-week low versus the dollar. The Japanese currency made sharp gains after North Korea's foreign...

  • Sept 26- Dubai International Airport, the world's busiest for international traffic, recorded its busiest month ever in August for passenger traffic, which the operator said was boosted by a seasonal increase in travellers. The most popular destinations by passenger volume were London, Kuwait, and Mumbai, and the airport handled 221,508 tonnes of cargo, which...

  • TOKYO, Sept 26- Asian shares withered on Tuesday and the yen firmed against the backdrop of rising tensions on the Korean Peninsula, and as investors awaited fresh signals about the U.S. monetary policy outlook. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, following tech-focused losses on Wall Street. North Korea's foreign...