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Wires

  • TOKYO, Jan 24- Japanese stocks fell on Wednesday as concerns over gains in the yen saw exporters lose further ground in afternoon trade and offset strength in real estate firms. The Nikkei ended 0.8 percent lower at 23,940.78, moving away from 24,129.34 hit on the previous day, the highest level since November 1991. The dollar fell below the 110 yen threshold for...

  • TOKYO, Jan 24- Japanese stocks fell on Monday as concerns over gains in the yen saw exporters lose further ground in afternoon trade and offset strength in real estate firms. The Nikkei ended 0.8 percent lower at 23,940.78, moving away from 24,129.34 hit on the previous day, the highest level since November 1991. The dollar fell below the 110 yen threshold for the...

  • TOKYO— Leaders of countries in a Pacific Rim trade pact rejected by President Donald Trump are welcoming progress on a final agreement to press ahead without U.S. Officials said Wednesday that the accord reached in Tokyo clears the way for signing a Trans-Pacific Partnership deal by early March. Speaking at the World Economic Forum global summit in the Swiss...

  • *Europe crude loadings to Asia at lowest in 4 yrs- Reuters data. The volume of crude loading in the North Sea and the Mediterranean for Asia slumped in January to 7.6 million barrels, less than half of the 17 million barrels in January 2017, Thomson Reuters trade flow data showed. The drop reflects the widening of the premium of European benchmark Brent to Middle East...

  • ARTSYZ, Ukraine/ LONDON, Jan 24- When Ukrainian company Profit signed a $48.5 million deal with a British firm in 2014, it became part of what prosecutors in Ukraine say was a potentially criminal scheme that moved $1.7 billion from the country's biggest lender to offshore accounts. With a loan it had raised from PrivatBank in east Ukraine, Profit paid Trade Point...

  • WINNIPEG, Manitoba/ CHICAGO, Jan 24- Monsanto Co is facing major threats to its historic dominance of seed and herbicide technology for the $40 billion U.S. soybean market. Rivals BASF SE and DowDuPont are preparing to push their own varieties of genetically modified soybeans. "Our job is to meet our customers' needs, and we don't know what those are going to be," said...

  • SINGAPORE, Jan 24- The dollar slid to three-year lows against a basket of major peers on Wednesday, pressured by simmering concerns that the U.S. currency's yield advantage will start to erode as major central banks head toward unwinding their massive stimulus. The dollar index, which measures the greenback's value against a basket of six major currencies, fell...

  • HONG KONG, Jan 24- Hong Kong Exchanges and Clearing said on Wednesday it had received enquiries from companies for dual-class share listings as both it and the Singapore bourse gear up to allow such initial public offerings. Hong Kong's proposed changes, which stem from a discussion paper published in June, come as Hong Kong bankers expect a slew of blockbuster...

  • BEIJING, Jan 24- Beijing's battle against air pollution will take time and be very tough to win despite recent improvements, the acting mayor of China's capital said on Wednesday. "Further improvement in air quality extremely difficult," acting mayor of Beijing, Chen Jining, said in a statement released during the city's congress meeting. Beijing has chalked up a...

  • *Spot gold biased to rise towards $1,357.54/ oz- Technicals. Spot gold was nearly flat at $1,340.90 per ounce at 0439 GMT, while U.S. gold futures for February delivery. "Gold could move higher as we are still in the early stages of a broader USD sell-off, with all eyes focused on 110 USD- JPY," said Stephen Innes, APAC head of trading at OANDA.

  • WASHINGTON— In an ironic twist, the Trump administration's embrace of work requirements for low-income people on Medicaid is prompting lawmakers in some conservative states to resurrect plans to expand health care for the poor. Trump's move has been widely criticized as threatening the Affordable Care Act's Medicaid expansion. Susan Concannon, a moderate...

  • *Asian share markets narrowly mixed, Europe seen opening flat. *Oil prices ease back a touch, Brent still near $70 a barrel. Early Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 percent, having jumped 1.2 percent on Tuesday to an all-time peak.

  • SHANGHAI, Jan 24- China's yuan on Wednesday reached its strongest level in more than two years against the U.S. dollar, which continued to weaken. The dollar index, which measures it against six other currencies, slipped below 90 for the first time since late December 2014. Prior to Wednesday's market opening, the People's Bank of China set its official yuan...

  • Jan 23- Toys "R" Us Inc said on Tuesday it will shut about one-fifth of its stores in the United States in the coming months, as the toy store chain tries to emerge from one of the largest ever bankruptcies by a specialty retailer. The company filed for bankruptcy protection just ahead of the crucial holiday season in the U.S. and Canada to restructure $5 billion of...

  • WASHINGTON— It would seem like a pretty good time to take over as chairman of the Federal Reserve. Jerome Powell has won Senate confirmation to head the U.S. central bank, inheriting an economy on a roll, a booming stock market and unemployment at a 17- year low. He will succeed Janet Yellen, the first woman to serve as Fed chairman, when her term ends on Feb. 3.

  • DAVOS, Switzerland— It's day two at the World Economic Forum and there'll be no escaping Europe. The leaders of France and Germany, President Emmanuel Macron and German Chancellor Angela Merkel, are set to headline the roll-call of leaders Wednesday, two days before President Donald Trump is due to give his own speech in the heavily snow-covered Swiss town of...

  • SAN JUAN, Puerto Rico— Aylsa Torres sighed in relief when she received a letter from her bank two weeks after Hurricane Maria hit. Believing she was temporarily freed from those financial obligations, the 46- year-old government worker drained her savings to pay for a $750 generator and $786 worth of repairs for storm damage. Even worse, experts say, many Puerto...

  • OSLO, Jan 24- Budweiser said it has switched all its U.S. brewing to renewable electricity and is adding a clean energy logo to its labels as part of a global shift to green power by its parent Anheuser-Busch InBev. AB InBev, the world's biggest brewer, is one of more than 100 multinational firms to have committed to use renewable power to combat pollution and climate...

  • SINGAPORE, Jan 24- Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories. Brent crude oil futures were at $69.83 a barrel at 0444 GMT, down 13 cents from their last close. The American Petroleum Institute said on Tuesday that crude inventories rose by 4.8 million barrels in the week to Jan. 19 to 416.2...

  • *HK-> Shanghai Connect daily quota used -7.1 pct, Shanghai-> HK daily quota used +16.8 pct. SHANGHAI, Jan 24- China stocks were little changed by midday after edging up to touch their best levels in more than two years on Wednesday, with gains in banks offset by losses in consumer firms. **China's blue-chip CSI300 index was down 0.06 percent, pulling back after earlier...