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Wires

  • SINGAPORE, Oct 24- Citigroup's Asia head of insurance investment banking Donald Lacey is leaving the bank to become the chief operating officer of Ping An Insurance Group Co of China's Global Voyager Fund, sources familiar with the situation said. Lacey, who joined Citi roughly 10 years ago, also headed the financial institutions group for Southeast Asia.

  • BEIJING— Three officials seen as candidates to succeed Chinese central bank governor Zhou Xiaochuan have been promoted to the ruling Communist Party's Central Committee, adding to signs Zhou might be headed for retirement after 15 years in the post. The officials added to the 204- member Central Committee on Monday include the bank and securities...

  • MADRID, Oct 24- Barcelona- based Caixabank, Spain's third largest lender, beat third-quarter profit forecasts despite uncertainty about the future of Catalonia, thanks largely to its integration of Portugal's BPI. Spain's economic environment remained positive despite the uncertainty surrounding the domestic political situation, Caixabank said on...

  • LONDON, Oct 24- The New Zealand dollar was the biggest mover in relatively stable trade in G10 currencies on Tuesday, falling to a five-month low after the incoming Labour government outlined its left-leaning policies. "Everything happening so far is something that is creating uncertainty when it comes to central bank independence," said Manuel Oliveri,...

  • *Australia set for smallest wheat crop in a decade. SINGAPORE/ SYDNEY, Oct 24- Australia's wheat farmers face a double whammy this year as dry weather slashes local production at a time when bloated global inventories are dragging on international prices for the grain. "They have stiff competition in the market, Black Sea suppliers have already eaten into...

  • *Argentina says new duties will have little impact. WASHINGTON, Oct 23- The U.S. Commerce Department set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products used as motor fuel were being sold at prices below market value in the United States. The antidumping duties set range from 54.36...

  • Net inflows 2.4 bln stg; pension inflows 1.4 bln stg. *Shares among top FTSE 100 gainers, up 1 pct. LONDON, Oct 24- Funds under management at St.

  • *Sales growth strongest in EMEA, Americas. *Women's sales helped by Rihanna collection, Selena Gomez. Puma said third-quarter sales rose a currency-adjusted 23 percent in Europe, Middle East and Africa, 16 percent in the Americas and 10 percent in Asia/Pacific.

  • WELLINGTON, Oct 24- New Zealand's new government plans to review and reform the Central Bank Act to possibly include employment, alongside inflation, as a dual target, Labour Prime Minister-elect Jacinda Ardern said on Tuesday. "We have been looking at changing the objectives set out in the Reserve Bank Act," Ardern told reporters in Wellington.

  • A Government Accountability Office report released Monday said the federal government has spent more than $350 billion over the last decade on disaster assistance programs and losses from flood and crop insurance. Susan Collins of Maine and Sen. Maria Cantwell of Washington, the ranking Democrat on the Senate Committee on Energy and Natural Resources.

  • LONDON, Oct 24- Europe's benchmark government bond yield edged back towards two-week highs on Tuesday ahead of economic data that could help convince investors that the European Central Bank is plotting a change to its ultra-easy monetary policy approach. "On the data front, flash PMI data and ECB bank lending survey should reveal whether the recent strong...

  • SYDNEY, Oct 24- A wave of fresh investment drove Chinese copper futures more than 2 percent higher on Tuesday. The positive sentiment swept through other base metals contracts in China, helped by fresh signs this week of declining domestic production as winter approaches. *SHFE COPPER: The most-traded copper contract on the Shanghai Futures Exchange gained...

  • RIYADH, Saudi Arabia— Saudi Arabia has opened a major investment conference aimed at shining a spotlight on the country's efforts to diversify its revenue streams and overhaul its economy and society. The kingdom hopes to do this by listing less than 5 percent of state-owned oil firm Aramco and transferring control of those funds to its Public Investment Fund,...

  • SHANGHAI, Oct 24- China's blue-chip stocks reached a 26- month high on Tuesday, led by infrastructure and property shares, as investors cheered robust earnings growth and felt comfortable with economic policy as the Communist Party's congress drew to a close. About 100 Shanghai-listed companies have disclosed third-quarter earnings, with combined net...

  • *Spot gold may break resistance at $1,283/ oz- technicals. Spot gold slipped 0.1 percent to $1,280.80 an ounce. We're waiting for currency direction... maybe people are anxious about an early announcement from Trump on the Fed chair, "said a Hong Kong- based trader.

  • PARIS, Oct 24- SMCP shares began trading at just below their initial public offering price on Tuesday, following the French fashion label's stock market flotation which valued it at around 1.7 billion euros. SMCP, which is 51 percent owned by China's Shandong Ruyi, was trading at 21.80 euros by 0706 GMT- just below the IPO price of 22 euros. SMCP, whose brands include...

  • Oct 24- General Administration of Customs data on Tuesday:. *China Sept rice exports to North Korea down 85.1 percent y/y at 2,396 tonnes. *China Sept corn exports to North Korea up sharply from year earlier, at 1,160 tonnes.

  • BRUSSELS— Most European Union nations on Tuesday welcomed a breakthrough on so-called posted workers who are often cheap labor from Eastern Europe working temporarily in richer EU countries. I welcome the ambitious agreement, "said French President Emmanuel Macron. "This first step to reinforce our social Europe is essential," said French Labor Minister...

  • BEIJING, Oct 24- China's fuel exports to North Korea fell sharply in September from a year earlier while imports of iron ore and lead concentrate sank after the United Nations' latest sanctions, customs data showed on Tuesday. China imported 511,619 tonnes of coal from North Korea, down 71.6 percent from a year earlier, according to data from the General...

  • GENEVA— Swiss pharmaceuticals company Novartis is reporting net income rose 7 percent in the third quarter behind growth for its psoriasis treatment Cosentyx, its eye care business and several cancer drugs. The Basel- based company says net earnings rose to $2.08 billion in the quarter, from $1.95 billion a year earlier. Sales rose 2 percent to $12.41 billion,...