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Wires

  • TOKYO, Aug 22- Japanese stocks were nearly flat in choppy trade on Tuesday morning as geopolitical uncertainty kept activity in check while investors awaited the annual Jackson Hole conference this week. Geopolitical tensions simmered as the United States and South Korea began long-planned joint military exercises on Monday, heightening tensions with...

  • *Final dividend increased to $0.43 from $0.14. SYDNEY, Aug 22- Global mining giant BHP Billiton committed to quitting its underperforming U.S. shale oil and gas business on Tuesday, as it posted a surge in annual underlying profit to $6.7 billion. The world's biggest mining house, which was buoyed by a recovery in industrial commodities markets, pleased...

  • MELBOURNE, Aug 22- London copper edged down on Tuesday from three-year highs touched the session before, but the resumption of a rally in iron ore prices offered support to the sector. *LONDON COPPER: London Metal Exchange copper had slipped 0.3 percent to $6,567 a tonne by 0153 GMT. *SHANGHAI COPPER: Shanghai Futures Exchange copper was holding 0.6- percent gains...

  • SYDNEY, Aug 22- U.S. corn prices inched down on Tuesday, lingering near a one-month low as the U.S. government said the condition of the latest crop had improved, easing fears of production losses from recent dry weather. *The most active corn futures on the Chicago Board of Trade were down 0.1 percent at $3.62-1/ 2 a bushel by 0115 GMT. *Scouts on an annual U.S. crop tour...

  • CANBERRA, Australia— Anglo-Australian miner, BHP Billiton, on Tuesday reported a return to black with a $6.7 billion annual profit a year after the company's worst ever full-year result and said it wants to sell its U.S. shale oil assets. The Melbourne, Australia based-company's turnaround from the $6.4 billion loss for the year through June 2016, was built on...

  • SHANGHAI, Aug 22- China's central bank on Tuesday set the yuan's midpoint at 6.6597 per dollar, the strongest level since Sept. 22, 2016, as the Chinese currency continues to be supported by a weak dollar.

  • LAUNCESTON, Australia, Aug 22- It's tempting to think that BHP Billiton has caved into demands by activist investor Elliott Advisors by agreeing to sell its U.S. onshore oil and gas business and by boosting the returns to shareholders. BHP said in its annual results on Tuesday that it would triple its final dividend to $0.43 a share, slightly below the...

  • *Spot gold had slipped 0.1 percent to $1,289.77 an ounce by 0054 GMT, after rising 0.5 percent in the previous session. *The United States and South Korean began long-planned joint military exercises on Monday, heightening tensions with North Korea which called the drills a "reckless" step toward nuclear conflict. *Emerging economies' debt in euros has shot to...

  • The approaches come as Murray Goulburn, reeling from an ill-fated Asian expansion, reported its first annual loss since its 2015 listing. Murray Goulburn said it has told Deutsche Bank, its advisor, to seek more detailed proposals from the suitors, whom it did not name. Murray Goulburn reported a A $370.8 million loss for the year ended June 30, compared with a...

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

  • TOKYO, Aug 22- Asian shares edged higher on Tuesday, taking solace from modest gains on Wall Street 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 edged up 0.1 percent. Te country's forces began computer-simulated military exercises...

  • SAO PAULO/ BRASILIA, Aug 21- Brazil on Monday floated a proposal to cede control of the country's biggest power utility, Eletrobras, in the boldest privatization yet by a government struggling to close a record budget deficit, sending Eletrobras' shares soaring in after-market trading. The Mining and Energy Ministry gave Centrais Elétricas Brasileiras SA, the...

  • SYDNEY, Aug 22- Global mining giant BHP Billiton posted a surge in annual underlying profit to $6.7 billion on Tuesday, but missed forecasts, and said it was putting its U.S. shale assets up for sale. "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 said.

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said that "it looks like the growth in U.S. production is quickly running out of...

  • Aug 22- For other diaries, please see:. 22- Aug Japan Auction of 20- year government bonds 22- Aug Spain Auction of 3- and 9- month Treasury bills 23- Aug United States Sale of 2- year floating rate notes 23- Aug United Kingdom Auction of 0 3/ 4% Treasury Gilt 2023 23- Aug Germany Auction of 10- year Federal bonds 23- Aug Sweden Auction of government bonds 24- Aug Japan...

  • Aug 22- For other diaries, please see:. 22- Aug Japan Auction of 20- year government bonds 22- Aug Spain Auction of 3- and 9- month Treasury bills 23- Aug United States Sale of 2- year floating rate notes 23- Aug United Kingdom Auction of 0 3/ 4% Treasury Gilt 2023 23- Aug Germany Auction of 10- year Federal bonds 23- Aug Sweden Auction of government bonds 24- Aug Japan...

  • WEDNESDAY, AUGUST 23 LINDAU, Germany- Keynote speech by ECB President Mario Draghi at the opening ceremony of 6th Lindau Meeting on Economic Sciences in Lindau, Germany 0700 GMT. STOCKHOLM- Riksbank First Deputy Governor Kerstin af Jochnick will participate in a seminar on current issues in the Swedish economy- 1100 GMT. JACKSON HOLE, Wyoming- Luncheon address by...

  • WEDNESDAY, AUGUST 23 LINDAU, Germany- Keynote speech by ECB President Mario Draghi at the opening ceremony of 6th Lindau Meeting on Economic Sciences in Lindau, Germany 0700 GMT. STOCKHOLM- Riksbank First Deputy Governor Kerstin af Jochnick will participate in a seminar on current issues in the Swedish economy- 1100 GMT. JACKSON HOLE, Wyoming- Luncheon address by...

  • LOS ANGELES, Aug 21- Newspaper company Tronc Inc on Monday named digital media veteran Ross Levinsohn to be chief executive officer and publisher of the Los Angeles Times as part of a shake-up of senior management. The current editor and publisher of the Los Angeles Times, Davan Maharaj, is leaving the paper, Tronc Chief Executive Justin Dearborn said in a memo to...

  • Aug 21- The U.S. Air Force has awarded Boeing Co and Northrop Grumman Corp separate contracts to continue work on the replacement of the aging Minuteman III intercontinental ballistic missile system, the Pentagon said on Friday. Though the award for the new Ground-Based Strategic Deterrent comes amid rising tensions with North Korea, the Air Force had asked...