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Wires

  • TOKYO, Oct 17- The dollar edged up against its peers on Tuesday, supported by a rise in Treasury yields following a report that U.S. Treasury yields bounced from two-week lows and rose after a report on Monday that President Trump was favouring Stanford economist John Taylor, seen as more hawkish than current Chair Janet Yellen, to head the Fed.

  • *Kobe previously said data tampering may go back 10 years. *Kobe still trying to nail down extent of tampering- source. The revelations have sent shockwaves through supply chains around the world and hammered Kobe shares, which fell to near five-year lows on Monday on worries about the financial and legal fallout of the cheating scandal.

  • SYDNEY, Oct 17- London copper paused for breath near three-year highs on Tuesday as it faced headwinds from a stronger dollar, but renewed optimism over China's economic outlook has lent support to prices. *LME COPPER: London Metal Exchange copper was little changed at $7,128 a tonne by 0125 GMT, following its biggest daily jump in eight months at 3.7 percent on...

  • *Iraqi forces take Kurdish-held oil city of Kirkuk. SINGAPORE, Oct 17- A risk premium has returned to oil markets with a vengeance, boosting global price benchmarks as escalating fighting in Iraq threatens supplies while political tensions loom between the United States and Iran. After months of range-bound trading during which OPEC- led supply cuts supported...

  • Oct 17- Gold prices were steady early on Tuesday, after dipping below $1,300 an ounce in the previous session, as the dollar held firm on strong U.S. *Spot gold was unchanged at $1,293.60 an ounce at 0055 GMT. *The United States and Japan made tentative progress on some long-standing trade irritants on Monday, during economic talks at which leaders emphasized...

  • MONTREAL/ PARIS, Oct 16- Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.. The deal, which would come at no cost for Airbus, would give the...

  • SYDNEY, Oct 17- U.S. corn edged lower on Tuesday, though losses were checked as the U.S. Department of Agriculture said harvesting of North American crops were lagging behind market expectations. *The USDA said 29 percent of the U.S. corn crop has been harvested as of Sunday, lagging behind market expectations for 31 percent. *Harvesting of the U.S. soybean crop was 49...

  • *China economy seen growing 6.8 pct in Q3 y/y, vs Q2's 6.9 pct. BEIJING, Oct 16- China's economic growth is expected to ease to 6.8 percent in the third quarter from 6.9 percent in the previous quarter due to a cooling property sector and the government's battle against debt risks, a Reuters poll showed. The poll of 54 analysts, conducted before Zhou's forecast, showed a...

  • *But cuts copper output guidance due to delays at Chile mine. Oct 17- Global miner Rio Tinto on Tuesday said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia's outback, but cut its production target for copper due to delays at a major mine in Chile. "The business performed very well in the September...

  • Japan says no agreement on trade framework. WASHINGTON, Oct 16- The United States and Japan agreed to work together against the rising threat from North Korea but failed to bridge differences on thorny issues of trade during economic talks on Monday, with Tokyo skirting U.S. demands to negotiate a two-way trade deal. Japan agreed to streamline noise and...

  • LONDON, Oct 16- The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September, according to the latest position records published by regulators and exchanges. Hedge funds and other money managers cut their net long position in the five major futures and options contracts linked to petroleum by a total of...

  • Treasury yields bounced from two-week lows and rose on Monday after a report that President Trump was favouring Stanford economist John Taylor, seen as more hawkish than current Chair Janet Yellen, to head the Fed. But it was allowed to rebound as a stronger Wall Street, good U.S. data and the report about Taylor all came into place to stop the yield decline, "said...

  • *Oil highest since Sept as Iraq govt seizes Kurdish-held Kirkuk. TOKYO, Oct 17- Oil prices held firm on Tuesday after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares look set to extend their bull run on optimism about upcoming earnings. President Donald Trump favoured Stanford economist John Taylor...

  • WASHINGTON, Oct 16- The U.S. Consumer Financial Protection Bureau's enforcement chief, Anthony Alexis, plans to leave the agency, the Wall Street Journal reported on Monday, a move that could slow the regulator's policing of financial companies. Alexis has led the bureau's enforcement operations during most of its six years of existence, the Journal said,...

  • PARIS, Oct 17- U.S. planemaker Boeing dismissed a deal between Airbus and Bombardier to partner on Canada's CSeries jet, calling it an attempt to sidestep import duties recommended by the U.S. Commerce Department following a Boeing trade complaint. Bombardier earlier said it would sell control of its CSeries programme to Europe's Airbus under a deal that would...

  • *Woodside delays further drilling in Myanmar gas fields- sources. YANGON, Oct 16- Australia's Woodside Petroleum and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total, have targeted...

  • CARACAS, Oct 16- Venezuela's opposition cried foul on Monday over the ruling socialists' win in gubernatorial elections, raising the threat of more foreign sanctions following the vote in what the United States called "an authoritarian dictatorship." President Nicolas Maduro's candidates took 17 governorships, versus five for the opposition, in Sunday's...

  • It is a joint decision between the central bank and us, "El-Garhy said in an interview on the sidelines of a New York investor luncheon sponsored by the American Chamber of Commerce in Egypt. I think this will improve this year and the discount could be only 25 percent, and that reflects improvement in the risk profile of Egypt. " Egypt has tried to implement economic...

  • EGYPT HAS "NO SCENARIO" FOR ANOTHER FUEL PRICE INCREASE THIS YEAR- FINANCE MINISTER.

  • EGYPT NOT PLANNING ANY INCREASE IN CURRENT 14 PERCENT VAT- FINANCE MINISTER.