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Wires

  • In a statement late Tuesday, CEFC China Energy Co. distanced itself from the corruption, money laundering and conspiracy charges filed against former Hong Kong home secretary Patrick Ho and Cheik Gadio, a former Senegal foreign minister. Details of the case in court papers provide rare insights into China's ambitions in Africa, highlighted also in the ties...

  • JOHANNESBURG, Nov 22- South Africa's headline consumer inflation slowed to 4.8 percent year-on-year in October, in line with market expectations, from 5.1 percent in September, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, inflation slowed to 0.3 percent in October from 0.5 percent in September. Core inflation, which...

  • BEIJING, Nov 22- China took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the government's latest crackdown on internet finance, sending shares of U.S.-listed Chinese financial firms into a tailspin. The information office of the State Council, or Cabinet, referred Reuters to the People's Bank of China and other...

  • *Recommends tariff on imports above 1.2 million units. WASHINGTON/ SEOUL, Nov 22- The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp.. The ITC found last month that surging imports harmed domestic...

  • *Outside U.S., OPEC to meet Nov. 30 to discuss production targets. SINGAPORE, Nov 22- Oil prices jumped by 1 to 2 percent on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC- led production cut also offered support. Traders said the firm price lift was due to drop in crude...

  • BEIJING/ MELBOURNE, Nov 22- Zinc rallied more than 1 percent in London on Wednesday, tracking strength in Shanghai steel prices on expectations that Chinese mills will restock following forced production cuts over winter. *LME ZINC: London Metal Exchange zinc was up 1.4 percent at $3,236 a tonne by 0738 GMT, its highest since Nov. 11. *SHFE ZINC: Shanghai Futures...

  • *Crude orders could help Venezuela settle unpaid bills. *IOC has production joint ventures in Venezuela. IOC chairman Sanjiv Singh confirmed he had received a letter from Venezuela seeking to sell crude.

  • *Outside U.S., OPEC to meet Nov. 30 to discuss production targets. SINGAPORE, Nov 22- Oil prices jumped by over 1 percent on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC- led production cut also offered support. Traders said the firm price lift was due to drop in...

  • *Crude orders could help Venezuela settle unpaid bills. *IOC has production joint ventures in Venezuela. IOC chairman Sanjiv Singh confirmed he had received a letter from Venezuela seeking to sell crude.

  • **The largest percentage gainers in the main Shanghai Composite index were Aerospace Communications Holdings Co Ltd up 10.03 percent, followed by Zhonghang Heibao Co Ltd gaining 10.01 percent and SJEC Corp up by 10 percent. **The largest percentage losers in the Shanghai index were Baotou Huazi Industry Co Ltd down 9.78 percent, followed by Shanghai Material...

  • *Indonesia, Australia thermal coal output down from 2013 peaks. In 2015, at the peak of the coal glut, Glencore, the world's biggest thermal coal exporting firm, said it would start cutting exports by scaling back some open pit mining and deferring investments in Australia in order to tackle oversupply. Production from Indonesia and Australia, Asia's biggest...

  • TOKYO, Nov 22- Japan's Nikkei share average rose to a near two-week high on Wednesday, buoyed by gains in large-cap stocks such as SoftBank and Fanuc, and financial companies as global growth hopes lifted the mood across world markets. The Tokyo Stock Exchange suspended trading in Nippon Paint Holdings after two people familiar with the matter said the company...

  • BEIJING— Asian stocks rose Wednesday after Wall Street hit new highs ahead of the two-day U.S. break for the Thanksgiving holiday. Hong Kong's Hang Seng advanced 0.4 percent to 29,945.89 and Sydney's S&P-ASX 200 added 0.4 percent to 5,986.40. Seoul's Kospi climbed 0.3 percent to 2,538.44 and benchmarks in New Zealand, Taiwan and Southeast Asia also rose.

  • *The start date is seven months after company picked Australia. Australia has long been home to Amazon-registered sellers, but until now they had been limited to sending goods offshore since the $550- billion company did not have any warehouse in the country of 24 million people. An Amazon representative in Australia declined to comment.

  • *Australia, Philippines look into the incident. Nov 21- Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the U.S. company's cover-up of the incident resulted in the firing of two...

  • Within hours, the veteran news host was suspended by CBS and his PBS interview show was pulled off the air. While news organizations aren't the only companies taking prompt measures against the accused, they face particular pressure to act because of the risk of losing the audience's trust as they cover the sex scandals coursing through politics, Hollywood and...

  • *Outside U.S., OPEC to meet Nov. 30 to discuss production targets. SINGAPORE, Nov 22- Oil prices rose on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC- led production cut also offered support. Traders said the firm price lift was due to drop in crude supplies from...

  • SHANGHAI, Nov 22- China's yuan firmed against the U.S. dollar on Wednesday, boosted by tight liquidity in the offshore market that pushed CNH borrowing costs to the highest in more than five months. The CNH Hong Kong Interbank Offered Rate benchmark was set by the city's Treasury Markets Association at 5.97968 percent for overnight contracts, the highest since...

  • *Spot gold neutral in $1,274- $1,283/ oz range- technicals. "We are not really sure that this will have much of an impact given that the decision to raise rates in December is pretty much a forgone conclusion," INTL FCStone analyst Edward Meir said. Spot gold looks neutral in a narrow range of $1,274- $1,283 per ounce, and an escape could suggest a direction, according to...

  • Nov 21- Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the U.S. company's cover-up of the incident resulted in the firing of two employees responsible for its response to the hack, said...