×

Wires

  • *Fed minutes show many policymakers see near-term rate hike Markets in Japan, U.S. closed on Thursday. *Spot gold may test support at $1,283 per ounce- technicals. With the impending rate hike from the Fed next month, maybe gold prices have gone a bit too high and will come down in the aftermath of the rate hike, "said John Sharma, an economist with National Australia Bank.

  • SHANGHAI, Nov 23- China stocks were on track to post their biggest one-day percentage loss in over three months on Thursday amid signs of tighter liquidity. **China's blue-chip CSI300 index was down 1.38 percent, with its financial sector sub-index lower. **Chinese H-shares listed in Hong Kong rose 0.33 percent at 11,998.62, while the Hang Seng Index was up.

  • China and Myanmar have had close diplomatic and economic ties for years, including increasingly in the strategically important oil and gas sectors, and China has offered its support to its southern neighbour, also known as Burma, throughout a crisis over its treatment of its Rohingya Muslim minority. Meeting in Beijing, Li Zuocheng, who sits on China's Central...

  • Tesla won a bid in July to build the 129 megawatt hour battery for South Australia, the country's most wind power-dependent state, with a vow from Chief Executive Elon Musk to install it within 100 days of signing a grid connection agreement or give it to the state for free. The Tesla Powerpacks have now been fully installed at a wind farm run by France's Neoen, and...

  • TORONTO/ SAN FRANCISCO, Nov 22- A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack- something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.

  • SINGAPORE, Nov 23- The dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve's latest meeting showed some policymakers were concerned about persistently low inflation in a blow to rate hawks. The dollar eased to as low as 111.07 yen in holiday-thinned Asian trade, its weakest level since Sept. 18, and...

  • SYDNEY, Nov 23- The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not tighten U.S. policy as aggressively as previously thought. Moves in Asian share markets were minor with Japanese markets closed for a holiday and the United States off for...

  • BEIJING, Nov 23- Aluminum rose by around 1 percent in early trade on the Shanghai Futures Exchange on Thursday, on track to end a four-day losing run. *SHFE AlUMINIUM: Shanghai's most-traded aluminum contract was up 0.9 percent at 15,045 yuan a tonne at 0112 GMT, having begun November close to 16,400 yuan a tonne. *LME ALUMINIUM: On the London Metal Exchange,...

  • BEIJING, Nov 23- Aluminium rose by around 1 percent in early trade on the Shanghai Futures Exchange on Thursday, on track to end a four-day losing run. *SHFE AlUMINIUM: Shanghai's most-traded aluminium contract was up 0.9 percent at 15,045 yuan a tonne at 0112 GMT, having begun November close to 16,400 yuan a tonne. *LME ALUMINIUM: On the London Metal Exchange,...

  • WASHINGTON/ CARACAS, Nov 22- Venezuelan President Nicolas Maduro said on Wednesday that Venezuelan-American executives at refiner Citgo who were arrested in a corruption sweep this week would be tried as "corrupt, thieving traitors" despite a request by the United States to free them. Five of six executives of U.S.-based refiner Citgo who were arrested in...

  • SAO PAULO, Nov 22- A new version of Brazil's unpopular pension reform bill presented on Wednesday would require fewer years of contributions by private sector workers to receive a pension, according a draft of the legislation that the government hopes will win approval in Congress. The bill maintains the minimum retirement age of 65 years for men and 62 years...

  • *Record US crude output counters OPEC efforts to tighten markets. West Texas Intermediate crude futures were at $57.95 a barrel at 0143 GMT, down 7 cents from their last settlement, but still close to 2015- highs of $58.15 a barrel reached the previous day. WTI has been buoyed by the shutdown of the 590,000 barrel-per-day Keystone pipeline, one of the largest crude...

  • SHANGHAI, Nov 23- It is strategically important for China's economy that the country enhances protection of intellectual property rights, the state news agency Xinhua quoted Premier Li Keqiang as saying, as the cabinet promised to improve regulations. Companies and foreign business lobbies have often accused China of doing too little to rein in risks...

  • SHANGHAI, Nov 23- China's central bank set its official yuan midpoint at the strongest level in five weeks on Thursday at 6.6021 per dollar, reflecting spot yuan performance a day earlier and dollar movements in global markets overnight. The move in the official guidance rate was the biggest one-day strengthening in percentage terms since Oct. 11.

  • BOSTON— The Federal Trade Commission could take action against TripAdvisor after the Massachusetts- based travel company was accused of deleting hotel reviews that contained allegations of rape and other crimes. Several people told the Milwaukee Journal Sentinel this month they were sexually assaulted at Mexican hotels and resorts but the online...

  • *Spot gold was down 0.1 percent at $1,290.74 per ounce by 0109 GMT. *Brexit-bound Britain slashed its economic growth forecasts and ramped up its borrowing plans going into the 2020 s, but finance minister Philip Hammond announced a number of spending steps aimed at winning back voters. *When Theresa May visits Brussels on Friday, EU negotiators will be listening...

  • MELBOURNE, Nov 23- Engie and Mitsui have agreed to sell their Loy Yang B coal-fired power station in Australia to Chinese-owned Alinta Energy for more than A $1.1 billion, a person familiar with the deal said on Thursday. France's Engie and Japan's Mitsui put Loy Yang B up for sale a year ago, at the same time that Engie decided to close its nearby Hazelwood...

  • WASHINGTON/ CARACAS, Nov 22- Five of six executives of U.S.-based refiner Citgo who were arrested in Caracas this week are U.S. citizens, according to a source familiar with the matter, possibly complicating Venezuela's corruption sweep of the oil industry. "These are people born in Venezuela, they're Venezuelan and they're going to be judged for being corrupt,...

  • The company on Tuesday cut its full-year profit outlook to a range of $2.95 to $3.02 per share, which is still largely above the $2.97 average estimate of analysts who reviewed their expectations following the forecast. Morgan analyst Ken Goldman, who cut his estimate to $2.91. U.S. retailers have been pushing packaged food companies to cut prices as consumers...

  • SYDNEY, Nov 23- Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten U.S. policy as aggressively as first thought slugged the dollar and boosted bonds globally. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent to scale a fresh 10- year peak. Activity was light with Japanese markets closed for a...