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Wires

  • HONG KONG— Asian shares were mostly lower while the dollar strengthened Thursday after the Fed said it would start trimming its bond holdings and planned one more interest rate increase this year. KEEPING SCORE: Japan's benchmark Nikkei 225 added 0.3 percent to 20,377.35 as the yen weakened against the dollar, benefiting shares of exporters.

  • BERLIN, Sept 21- German insurer Talanx warned it may miss its profit target for 2017 as its reinsurer Hannover Re is being hit by major claims from a series of hurricanes and an earthquake in Mexico. Reinsurers face big losses from Hurricanes Harvey and Irma, which pummelled the Caribbean and the U.S. states of Texas and Florida. They have been closely followed by...

  • TOKYO, Sept 21- Asahi Group Holdings Ltd is ready to spend "billions of dollars" more on acquisitions, after having recently spent $11 billion to acquire beer brands across Europe from Anheuser-Busch InBev NV, a top company executive said. Akiyoshi Koji, president of the largest beer maker in Japan, did not give any further details on how much Asahi was looking to...

  • They are displayed in the Museum of Modern Art in New York. Despite their ubiquity, they started in 1998 with one man: A 25- year-old employee of mobile phone carrier NTT DoCoMo who created the first set of 176 in one month as he rushed to meet a deadline. If I hadn't done it, someone else would have, "said Shigetaka Kurita, who now is a board member at Dwango Co., a Tokyo...

  • *OPEC to discuss potential extension of production cut on Friday. SINGAPORE, Sept 21- Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home. Brent crude futures, the international...

  • *Gov Kuroda to brief media 0630 GMT. TOKYO, Sept 21- The Bank of Japan kept monetary settings steady on Thursday, but a board newcomer argued against the central bank's view that current policy was sufficient to boost inflation to its 2 percent target in a sobering assessment of the outlook. The BOJ also maintained a loose pledge to keep buying bonds so its holdings...

  • The committee, along with other congressional committees and special counsel Robert Mueller, is investigating possible links between President Donald Trump's campaign and Russia. Facebook said earlier this month that a Russia- based operation spent $100,000 on thousands of ads on its social media platform promoting' divisive' messages before and after...

  • SHANGHAI, Sept 21- China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. In Hong Kong, the Hang Seng index edged up 0.1 percent to 28,155.00, while the Hong Kong China Enterprises Index gained 0.6...

  • SAN FRANCISCO— Google is biting off a big piece of device manufacturer HTC for $1.1 billion to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services. The deal underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon in a high-stakes battle to...

  • SEOUL, Sept 21- SK Hynix Inc, part of the winning consortium for Toshiba Corp's chip unit, said on Thursday that some key issues still needed to be agreed upon. Toshiba said on Wednesday it had agreed to sell the prized unit to a consortium led by U.S. private equity firm Bain Capital and expectations of a formal signing on Thursday had been high. "There are some key...

  • BUENOS AIRES, Sept 21- Argentina is behind on at least $700 million in promised subsidy payments to natural gas producers, hurting oil companies at a time when the government is trying to woo more investment in the nation's energy sector. He took office in December 2015 vowing to jumpstart Argentina's struggling economy and cut a primary fiscal deficit...

  • *OPEC to discuss potential extension of production cut Friday. SINGAPORE, Sept 21- Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home. Brent crude futures, the international benchmark...

  • SAN JUAN, Puerto Rico, Sept 21- Miguel Cruz awoke to the descent of Hurricane Maria on his home on Wednesday morning when the massive storm peeled off most of the roof, sent his belongings flying in all directions, but left intact an icon of Jesus hanging above his bed. Crashing into Puerto Rico as a Category 4 storm on the five-step Saffir-Simpson scale, Maria flipped...

  • SINGAPORE, Sept 21- Australian wheat prices have risen above offers being made for U.S. cargoes in Asia, a rare market situation that is expected to drive more purchases from North America, two trade sources said. "Earlier Australia faced competition from the cheaper producers, Russia and Ukraine, but now U.S. is offering competitive prices," said a Singapore- based...

  • SHANGHAI, Sept 21- China's yuan softened against the U.S. dollar on Thursday to its lowest level in more than three weeks, after the U.S. Prior to the market opening on Thursday, the People's Bank of China lowered its official yuan midpoint for a third straight day to 6.5867 per dollar, the weakest level since Sept. 1 and 197 pips or 0.3 percent weaker than the previous...

  • *SEC only became aware of possible illicit trading last month. The SEC hosts large volumes of sensitive and confidential information that could be used for insider-trading or manipulating U.S. equity markets. Although the SEC "promptly" patched the vulnerability after detecting it in 2016, the regulator only became aware last month that the glitch "may have...

  • UNITED NATIONS— The heads of Britain, France and Italy are setting an ambitious goal for tech companies to tackle online postings that promote terrorism: Take them down within an hour or two. French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni joined May in leading what she called a first-of-its-kind session on the sidelines of annual...

  • SYDNEY, Sept 21- Commonwealth Bank of Australia has agreed to sell its life insurance unit to Hong Kong- based AIA Group for $3.1 billion, in the biggest Asian buyout of an Australian financial firm. The deal, which ranks among the top 10 insurance M&A in the Asia Pacific region excluding Japan, will see AIA acquiring CBAs life insurance business in Australia and...

  • BEIJING, Sept 21- China hit back on Thursday at recent criticism from the United States about its trade practices, saying some countries' unilateralism is an unprecedented challenge to global trade. Ministry of Commerce spokesman Gao Feng also said that foreign and domestic firms are treated equally in China and that foreign firms should not have concerns...

  • *Spot gold may break support at $1,299/ oz- technicals. Spot gold was down 0.1 percent at $1,299.31 an ounce. at 0326 GMT, after earlier touching its lowest since late August at $1295.65.