×

Wires

  • TOKYO, Oct 20- For decades, economists have tried to guess central bank policy direction by studying subtle changes in official language-- now, researchers are finding new clues on policy, not in the words of central banker but in their faces. In Japan, two artificial intelligence researchers, one from Nomura Securities and the other from Microsoft, are using...

  • *Raises Europe, North America 2017 market outlook. STOCKHOLM, Oct 20- Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday, as a broad upturn in demand for heavy trucks more than offset costs stemming from a strained supply chain. Sweden's biggest manufacturer by sales also raised its outlook for truck markets on both...

  • WASHINGTON, Oct 19- President Donald Trump's drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. By a 51- to-49 vote, the Republican-controlled Senate approved the budget...

  • *Nigeria promised to cap output at 1.8 mln bpd of crude. *Estimates of Nigeria's crude output: http://tmsnrt.rs/2xTcNOM. LONDON, Oct 20- When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest.

  • LONDON, Oct 20- For the Bank of England, the hard bit about finally raising interest rates will be getting borrowers to heed the message it is likely to send: that they should not fear many more hikes any time soon. "When I have been around the country, businesses have been asking a lot about the Bank of England," said Rain Newton-Smith, chief economist at the...

  • HONG KONG, Oct 20- China has hired 10 banks including Agricultural Bank of China Bank of Communications, and Citigroup for its $2 billion dollar- denominated sovereign bond issue, according to an internal bank memo seen by Reuters on Friday. Due to its scarcity, the bond is expected to see strong investor demand despite downgrades of China's sovereign credit...

  • TOKYO— Japan's industrial standards inspection agency has searched offices of metals maker Kobe Steel as investigations into falsified data on its products widen. Major Japanese automakers and other companies have confirmed they have used Kobe Steel products affected by fake inspection data, but say they have found no safety concerns so far.

  • SINGAPORE, Oct 20- Singapore- listed commodity merchant Noble Group has requested an immediate halt to trading on Singapore Exchange, the company said on Friday. Noble said the reason for the trading halt was a "pending announcement of a major transaction." Noble, once Asia's biggest commodity trading house, has in the past year come under fire for its accounting...

  • *Q3 marked by three hurricanes in U.S., two earthquakes in Mexico. ZURICH, Oct 20- Swiss Re, the world's second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third quarter. Of its claims burden, which is net of retrocession and before tax,...

  • BEIJING, Oct 20- China posted relatively solid economic growth in the third quarter, driven by a stronger services industry, though there were signs of weakness in real estate and construction as property cooling measures start to bite, data showed on Friday. China's property sector grew 3.9 percent in the quarter from a year earlier, decelerating from 6.2...

  • BURDETT, N.Y.— The sloping vineyards of New York's Finger Lakes region known for producing golden-hued rieslings and chardonnays also are offering a splash of orange wine. A lot of tea flavors, too, come through, "winemaker Vinny Aliperti said, taking a break from harvest duties at Atwater Estate Vineyards on Seneca Lake. The practice dates back thousands of years,...

  • MORGANTOWN, West Virginia, Oct 20- A shortage of nurses at U.S. hospitals hit West Virginia's Charleston Area Medical Center at the worst possible time. It faces a $40 million deficit this year as it struggles with fewer privately insured patients, cuts in government reimbursement and higher labor costs to attract a shrinking pool of nurses.

  • *China investors cautious as Beijing vows tougher regulation. SHANGHAI, Oct 20- Hong Kong shares rebounded sharply on Friday, as the previous session's selling, triggered by Chinese central bank governor's reference to a "Minsky moment", was viewed by some as overdone, and triggered bargain hunting. "The rebound shows the market was wrong yesterday, and some...

  • WELLINGTON, Oct 20- New Zealand Prime Minister-elect Jacinda Ardern said she would spend Friday ironing out issues and ministerial posts with coalition partner New Zealand First, a day after becoming the Pacific nation's youngest leader in recent times. The previous night's highly anticipated announcement by New Zealand First leader Winston Peters that...

  • SHANGHAI, Oct 20- China's yuan eased on Friday morning and looked set for a weekly loss, dragged lower by a rise in the dollar after the U.S. Senate approved a budget blueprint for the 2018 fiscal year. Treasury yield rose as bond prices fell after the Republican-controlled Senate approved a tax-cutting measure that could add up to $1.5 trillion to the federal...

  • BEIJING— Ordinary young Chinese may not have paid close attention to Xi Jinping's 3 ½- hour speech this week, but they're happy to "applaud" the president in the newest viral phenomenon to sweep China's internet. Tencent, the internet giant behind the WeChat messaging app, rolled out a game this week that lets users clap for Xi by pressing on their phone screen as...

  • *Spot gold may be rangebound between $1,278 and $1,291/ oz- techs. The Republican-controlled Senate voted for the budget measure late on Thursday by 51- to-49, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed tax cuts. "The dollar is up on account of the Senate vote... which in turn could pave the way for...

  • SINGAPORE, Oct 20- Singapore Airlines Ltd said on Friday it will finalise an order for 39 Boeing Co aircraft worth $13.8 billion at list prices when Singaporean Prime Minister Lee Hsien Loong visits Washington D.C. next week. Lee told CNBC television on Thursday that he hoped an agreement would be signed with Boeing to buy more aircraft for Singapore Airlines...

  • TOKYO, Oct 20- Data fabrication at Kobe Steel Ltd continued at its aluminium and steel unit after an internal investigation discovered the misconduct, the Nikkei newspaper reported on Friday. Japan's No.3 steelmaker will hold a news conference on Friday afternoon to announce details of its misconduct, Nikkei said, without citing sources.

  • TOKYO, Oct 20- The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday, as the company's widespread misconduct has sent a chill along global supply chains. Kobe Steel, Japan's third-biggest steelmaker, admitted earlier this month that it had...