×

Wires

  • JAKARTA, Oct 19- Indonesia has agreed with Japan's Inpex to extend the company's contract to operate the Masela natural gas project in the country's east by up to 27 years once it expires in 2028, the energy ministry said in a statement on Thursday. The ministry extended the contract for 20 years and then added seven more to compensate for an earlier government...

  • ANCHORAGE, Alaska— America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won't be from a remote drilling platform. Federal regulators are taking comments on a draft environmental statement for the Liberty Project, a proposal by a subsidiary of Houston- based Hilcorp to create an artificial gravel island that would...

  • BANGKOK, Oct 19- Bank of Ayudhya Pcl, Thailand's fifth-largest lender, raked in record high quarterly profits, driven by improvement in net interest and fee incomes. The outlook for Thailand's banking sector has brightened with growth in Southeast Asia's No.2 economy beginning to find momentum on rising exports and consumption. For the three months ended...

  • SHANGHAI, Oct 19- China stocks fell on Thursday after slightly slower economic growth in the third quarter and soft property sales caused concern the economy will see further cooling. While China's full-year 2017 growth should easily beat the government's target of around 6.5 percent, economists believe it will lose momentum next year as property cooling...

  • BEIJING, Oct 19- Per capita disposable income in China rose 7.5 percent in the first three quarters of 2017 from a year earlier, the fastest pace since the same period in 2015, data from the National Bureau of Statistics showed on Thursday. The pick-up in income growth this year reverses a steady downward trend since the current dataset began being released in...

  • Xavier Rolet has headed the London exchange for nearly nine years. The London exchange's chairman, Donald Brydon, hailed Rolet's "remarkable achievements" by saying that "under his leadership, LSE Group has been transformed in scale to become a truly diversified and international leader in financial markets infrastructure." Rolet said that "I am extremely...

  • SEOUL, South Korea— Asian markets were mixed on Thursday after Wall Street closed at record highs. KEEPING SCORE: Japan's Nikkei 225 gained 0.4 percent to 21,448.52, while South Korea's Kospi slipped 0.4 percent to 2,473.05. JAPAN TRADE: Customs data show Japan's trade surplus leaped nearly 38 percent in September from a year earlier, on strong shipments of cars,...

  • "This would be a very good East-West bridge for companies at different stages of growth to accelerate going public by choosing Singapore first or if they want to have a dual class regime, go to the U.S. but still have a secondary listing in Singapore concurrently," Chew Sutat, head of equities and fixed income at SGX, said in an interview. While global IPO volumes have...

  • WELLINGTON, Oct 19- New Zealand's Labour leader Jacinda Ardern will form the country's next government after gaining the support of a small nationalist party holding the balance of power following an inconclusive Sept. 23 election. We aspire to be a government for all New Zealanders and one that will seize the opportunity to build a fairer, better New Zealand, "...

  • BEIJING— China's economic growth stayed relatively stable in the latest quarter, buoyed by strength in retail spending and exports, giving the ruling Communist Party a boost as President Xi Jinping prepares for a new term as leader. Forecasters expect the unexpectedly strong growth this year to weaken as Beijing tightens controls on bank lending to cool a...

  • *OPEC expected to extend supply cuts next year. SINGAPORE, Oct 19- Oil prices were stable on Thursday, supported by ongoing OPEC- led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Analysts said there was also a risk to supply from political instability in areas ranging from the Middle East to South America.

  • BARCELONA, Spain— Catalonia's separatist leader is facing an imminent deadline to withdraw a bid to secede from Spain. But an official from Carles Puigdemont's party says that he has no intention of doing that and he plans to make a full declaration of independence in the next few days if Spain's government resorts to taking over control of Catalonia's...

  • TOKYO, Oct 19- Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal. The news conference comes a day after Nissan admitted uncertified vehicle checks had continued even after it revealed final vehicle checks for the domestic market were not performed by...

  • JAKARTA, Oct 19- Indonesian exports of crude palm oil likely inched down in September from the month before, while output in the world's top producer of the commodity increased, a Reuters survey showed. "Exports were down marginally because of the increase in India's import tax," said Sahat Sinaga, executive director of Indonesia's Vegetable Oil Association.

  • TOKYO, Oct 19- Japan's Nikkei share average rose for the 13th straight session on Thursday, establishing its longest winning streak since 1988 while scaling a fresh 21- year peak as gains in global stocks and a weaker yen cheered investors. "These levels are scary," said Ayako Sera, senior market economist at Sumitomo Mitsui Trust. There are no strong incentives to...

  • BEIJING, Oct 19- China's central bank recorded a net purchase of foreign exchange for the first time in nearly two years in September, as capital outflows taper off and the yuan rises. The figure compares with sales of 821 million yuan in foreign exchange in August and reverses trends in recent years of large foreign exchange sales as China sought to backstop the...

  • BANGKOK, Oct 19- Bank of Ayudhya Pcl, Thailand's fifth-largest lender, reported its third-quarter net profit rose 3.2 percent from a year ago, driven by an improvement in net interest income. Bank of Ayudhya, controlled by Japan's Mitsubishi UFJ Financial Group Inc, on Thursday posted a net profit of 6.01 billion baht for the quarter ended September, versus 5.83...

  • BEIJING, Oct 19- China will fend off risks from excessive optimism that could lead to a "Minsky Moment", central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly. The theory is named after economist Hyman Minsky. "If there are too many pro-cyclical factors in the economy,...

  • ZURICH, Oct 19- Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs from a faster overhaul and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months. "We maintain our guidance for overall restructuring costs of up to 2.5 billion francs until 2020,"...

  • BENGALURU, Oct 19- The European Central Bank will say on Oct. 26 it will start trimming its monthly asset purchases to 40 billion euros from 60 billion euros in January, according to a Reuters poll of economists. The central bank has been pressured by some members of the ECB's Governing Council to signal its intent to wind down and end the quantitative easing...