×

Wires

  • LONDON, Sept 26- Brent oil prices hovered near 26- month highs on Tuesday, supported by Turkey's threat to cut crude exports from Iraq's Kurdistan region and signs of quicker market rebalancing. This potential loss, combined with 1.8 million bpd of output reductions by the Organization of the Petroleum Exporting Countries and non- OPEC producers, raised...

  • *Brazil rain eases planting concern. PARIS/ SINGAPORE, Sept 26- Chicago soybean futures edged lower on Tuesday as the market remained under pressure after its biggest one-day decline in six weeks in the previous session, with the focus on U.S. harvest progress and beneficial rain for planting in Brazil. The Chicago Board Of Trade's most-active soybean contract...

  • Sept 26- France's Total has agreed to pay $1 million for an option to buy a 25 percent stake in an oil exploration block offshore Guyana, its first foray into an area close to where ExxonMobil made one of the largest discoveries of the last decade. Eco Atlantic Oil& Gas, a small Canadian exploration company which earlier this year listed on London's junior AIM market,...

  • LONDON, Sept 26- Happiness levels in Britain have inched up to reach their highest rate since measurements of wellbeing began in 2011, despite the political uncertainty since last year's Brexit vote, the statistics office said. A narrow majority of Britons who took part in the country's European Union membership referendum in June last year voted to leave the...

  • Sept 26- Chesapeake Energy Corp said on Tuesday it expects a 15 percent drop in third-quarter production, in part due to Hurricane Harvey, which knocked out nearly a fifth of the United States' oil-refining capacity. The oil and natural gas producer said it expects current-quarter production to be about 542,000 barrels of oil equivalent per day, lower than the...

  • Manulife Real Estate, part of Manulife Financial Corp, appointed Kenny Lam as managing director, head of Asia real estate investments, effective immediately. Asset manager Schroder Plc appointed Charles Prideaux as head of solutions, reporting to Richard Mountford, the global head of its product division. The asset management arm of JPMorgan Chase& Co said it...

  • PORT ELIZABETH, South Africa, Sept 26- Chinese car-maker BAIC said on Tuesday it expected the first vehicles to roll off its new 11 billion rand South African assembly plant early next year, with most of the vehicles destined for export. The factory, near car export hub of Port Elizabeth, will be the first new car plant in South Africa in four decades and is expected to...

  • SINGAPORE, Sept 26- The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows. Crude oil exports to Asia from the United States are still relatively small-scale, with Thomson Reuters Oil Research...

  • GENEVA, Sept 26- The United States has asked China not to implement its new cyber security law and is concerned it could damage global trade in services, a U.S. document published by the World Trade Organization showed on Tuesday. China ushered in a tough new cyber security law in June, following years of fierce debate around the move that many foreign business...

  • *French president to deliver speech on Europe at 1300 GMT. PARIS, Sept 26- French President Emmanuel Macron will attempt to marry his vision for Europe with the reality of German politics on Tuesday as he delivers a speech at the Sorbonne laying out plans for overhauling Europe's single currency zone. The FDP has also called for a phasing out of Europe's ESM...

  • *Cash to three-month spread widest since Jan 2007. LONDON, Sept 26- Zinc bulls have been waiting a long time for this, but the slow-burning supply crunch has at last travelled all the way down the supply chain to bite holders of short positions on the London Metal Exchange. The benchmark cash to three-month spread closed on Monday at a backwardation of $66 a tonne.

  • JERUSALEM, Sept 26- Israel's only commercial gas field is expected to resume production within 24 hours after a technical failure caused an almost week-long shutdown, the Energy Ministry said on Tuesday. "The flow of natural gas from the Tamar field is expected to resume tomorrow morning," the Energy Ministry said in a statement on Tuesday. It is responsible for...

  • FactSet said it had 4,744 clients as of Aug. 31, up by 115 clients in the past three months. The company said its revenue rose 13.7 percent to $326.6 million in the fourth quarter ended Aug. 31. FactSet's net income fell to $59.6 million or $1.52 per share in the fourth quarter, from $144.3 million, or $3.55 per share, a year earlier.

  • *Yellen will be speaking on "Inflation, Uncertainty, and Monetary Policy" at an annual meeting of National Association for Business Economics at 12:45 p.m. ET. *Cleveland Fed Chief Loretta Mester, her Atlanta counterpart, Raphael Bostic, and Fed's Board Governor Lael Brainard are also scheduled to speak. *North Korea appears to have boosted defenses on its east...

  • Sept 26- Axovant Sciences Ltd said on Tuesday its experimental Alzheimer's drug failed to improve cognitive abilities and daily activities in a highly anticipated late-stage trial, sending its shares plunging 70 percent in premarket trading. The setback to Axovant's drug comes more than seven months after Denmark's Lundbeck said two late-stage trials...

  • MOSCOW, Sept 26- The chairman of Russia's Credit Bank of Moscow said on Tuesday uncertainty over the country's banking system was affecting depositors, but the situation was under control. Russia's banking sector is under scrutiny after two major private lenders, Otkritie Bank and B&N Bank, had to be rescued by the central bank in the space of a month.

  • Sept 26- Chesapeake Energy Corp said it expects a 15 percent drop in third-quarter production due to disruptions in weather, asset sales and changes in capital allocation. The natural gas producer said it expects current-quarter production to be about 542,000 barrels of oil equivalent per day, lower than the 638,100 boepd a year earlier.

  • *China, Europe power stronger oil demand in 2017. SINGAPORE, Sept 26- Strong oil demand growth in emerging economies led by China and India but also from Europe is drawing down oil stockpiles faster than expected, putting the global market firmly on track to rebalance, senior industry executives said on Tuesday. Prices rallied in the third quarter of this year as...

  • HONG KONG, Sept 26- A bill giving the Financial Reporting Council full responsibility for auditors will be put to Hong Kong's Legislative Council before the end of 2017, the regulator's chief executive said on Tuesday. The move is among the measures being taken by Hong Kong to lure more foreign investors to the Asian financial hub and bring it up to speed with...

  • REUTERS SUMMIT- AUDITING REGULATION BILL TO BE PUT TO HONG KONG'S LEGISLATIVE COUNCIL BEFORE YEAR-END- FRC CEO.