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Wires

  • SYDNEY/ TOKYO, Sept 22- Apple Inc's launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debuts, as fans held out for the premium iPhone X due out in early November. Hundreds of people usually gather at Apple's Sydney city store with queues winding down the town's main street, George Street, when there is a new product release.

  • SINGAPORE, Sept 22- Two South Korean refiners are exporting excess cargoes of residual fuel oil to nearby China, displacing some Singaporean sales of the commodity which can be used in ships and power stations, three trade sources said. Scheduled maintenance work at S-Oil Corp's Onsan plant in September and a fire at GS Caltex's Yeosu refinery in August has...

  • SHANGHAI, Sept 22- China's yuan firmed against the U.S. dollar on Friday as the greenback pared gains made following the Federal Reserve's hawkish policy statement and as investors took the latest Chinese sovereign rating downgrade in their stride. Prior to market opening on Friday, the People's Bank of China raised its official midpoint for the first time in...

  • CATANO, Puerto Rico, Sept 22- Wading through highways swamped by turbid waters that sloshed over scattered, sunken belongings, residents of this Puerto Rican barrio flooded by Hurricane Maria have begun emerging from their shattered homes. Lying southwest of the capital San Juan, the Juana Matos neighborhood in Catano municipality took a huge hit from Maria...

  • BEIJING, Sept 22- China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating. While S&P warned months ago that a cut may be on the cards, it said it decided to make the call after concluding...

  • Negotiators from Canada, Mexico and the United States will gather in Ottawa on Saturday for the third round of talks on modernizing the North American Free Trade Agreement with many tough items yet to be broached. Canada last month suggested it could walk away if the United States pushed to remove a key dispute-settlement mechanism. The United States accounts...

  • HOUSTON, Sept 22- Addressing a real estate conference in flood-ravaged Houston this month, longtime investor Ray Sasser detailed his strategy: buy up to 50 flooded homes at deep discounts, then fix and flip them for a hefty profit. Sasser first followed that game plan after Tropical Storm Allison flooded the city in 2001. The bet that home prices in hard-hit...

  • SHANGHAI, Sept 22- Hong Kong stocks were on track for their worst day in a month and China shares hit three-week lows early Friday, as investors reacted to S&P's downgrade of China's sovereign credit rating and North Korea's threat of another nuclear test. In China, the blue-chip CSI300 index fell 0.4 percent, to 3,821.33 points while the Shanghai Composite Index...

  • BEIJING, Sept 22- China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating. While S&P warned months ago that a cut may be on the cards, it said it decided to make the call after concluding...

  • *North Korea seen considering a hydrogen bomb test. Sept 22- Gold rebounded from a four-week low on Friday as the latest twist in tensions between the United States and North Korea prompted investors to seek out the safe-haven asset. President Donald Trump ordered new sanctions against North Korea on Thursday and Pyongyang's leader defiantly vowed to persist...

  • WASHINGTON— An Agriculture Department employee and two staff members on the House Agriculture Committee were injured Thursday in a car accident south of El Campo, Texas. Statements from USDA and the committee say that Agriculture Secretary Sonny Perdue, House Agriculture Chairman Michael Conaway and Texas Agriculture Commissioner Sid Miller were in a...

  • HONG KONG— Most Asian stock markets fell Friday as investors turned cautious following new U.S. sanctions targeting North Korea and a China credit rating downgrade. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.4 percent to 20,273.26 and South Korea's Kospi lost 0.7 percent to 2,389.83. CHINA RATING: Markets in Asia were getting their first chance to...

  • The Standard& Poor's rating agency has cut its credit rating for Hong Kong a day after downgrading China, citing risks posed by close ties between the two places. S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks to the Asian financial center. But China's downgrade is "exerting a...

  • To protect its domestic companies, Canada currently imposes duties on any goods worth more than $16 in U.S. currency. Karl Littler, a spokesman for the Retail Council of Canada, said that raising the duty-free limit would be "an incentive to shop virtually anywhere but from Canada. He doesn't think anyone would be crazy enough to pay more for a Zegna suit in his...

  • Sept 22- Boeing Co said it sees demand for new airplanes worth $650 billion in Southeast Asia over the next two decades. The world's biggest plane maker projected a demand for 4,210 new airplanes in the region over the next 20 years, adding it saw annual traffic growth in Southeast Asia at 6.2 percent. The low-cost business model would further continue to be a...

  • BEIJING, Sept 22- China's attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on Friday, a day after it downgraded the country's sovereign credit rating. While S&P had warned months ago that such a move may be on the cards, it said it decided to make the call after...

  • HOUSTON/ SAO PAULO, Sept 21- Brazil's Braskem has terminated a contract to buy light virgin naphtha and natural gasoline from Venezuela's state-run oil company PDVSA that would expire this month, the petrochemical company said on Thursday. The Sao Paulo- based firm declined to comment on the reason for ending the long-term supply agreement early, but said the...

  • *S&P says increased international use of China's yuan to support China's credit rating in coming years. *S&P says doesn't see direct link of China sovereign rating with movements in China's yuan. *China downgrade won't have big impact on flows into China's debt markets.

  • *S&P says increased international use of China's yuan to support China's credit rating in coming years. *S&P says doesn't see direct link of China sovereign rating with movements in China's yuan. *China downgrade won't have big impact on flows into China's debt markets.

  • *OPEC meeting to take place at 0800 GMT. The Organization of the Petroleum Exporting Countries and other producers are set to meet in Vienna at 0800 GMT on Friday to discuss a possible extension of an oil supply cut deal to prop up prices. The two OPEC members have both been invited to the meeting.