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Wires

  • LONDON, Aug 21- U.S. crude inventories are falling more than expected in a sign of the success of OPEC and non- OPEC production cuts, Kuwait's oil minister Essam al-Marzouq told CNBC Arabia on Monday. U.S. crude inventories have fallen for a seventh consecutive week in their largest drawdown in nearly a year, according to the government's Energy Information...

  • SAN DIEGO— Sempra Energy is buying Texas power transmitter Oncor for $9.45 billion in cash, wresting it away from Warren Buffett's Berkshire Hathaway. To gain possession of Oncor, Sempra will acquire the reorganized Energy Future Holdings Corp. Energy Future entered bankruptcy in 2014, saddled with more than $40 billion in debt due to cratering energy...

  • LONDON, Aug 21- Britain's Creo Medical Group said its device to remove cancerous lesions in the bowel during an endoscopy had received U.S. approval much quicker than it planned, shaking up a timetable that had been focused on a European launch. The company, which listed late last year, said the U.S. Food and Drug Administration had cleared its Speedboat RS2 device...

  • NEW YORK, Aug 19- A year after disrupting the U.S. stock market with a new approach to handling trades, upstart stock exchange operator IEX Group is planning to nab listings from rivals by charging simpler, cheaper fees, Sara Furber, IEX's head of listings, said in a recent interview. IEX launched as a trading venue exactly a year ago on Aug. 19, but its founders had...

  • Aug 21- U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S.

  • LAME DEER, Montana, Aug 21- U.S. Interior Secretary Ryan Zinke and Vice President Mike Pence took a horseback tour in May of a Montana coal mine belonging to the Crow Nation. Their differences reflect a broader divide on drilling and mining among Americas 567 federally recognized tribes.

  • SYDNEY/ PARIS, Aug 21- U.S. corn fell almost 1 percent on Monday as forecasts for rain eased fears of widespread production losses due to recent dry weather, pushing prices to around an eight-week low. The most active corn futures on the Chicago Board Of Trade were down 0.75 percent at $3.63 a bushel by 1025 GMT, the lowest since June 27. The recent stretch of good...

  • *Greece's 10- year bond yields drop 5 bps in early trade. "Greece is still a credit that is risky and volatile, but at least it's now not one step away from default but two steps away," said DZ Bank strategist Daniel Lenz. "I think an upgrade was largely priced in so you won't see a huge amount of spread tightening- but still, it's possible that some high-yield investors...

  • HONG KONG, Aug 21- Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers. The aircraft would be operated mainly by Cathay Dragon, the sister airline of Cathay Pacific, it said in a statement...

  • DUBAI, United Arab Emirates— Qatar is denying an allegation that it is blocking Saudi planes from transporting Qatari citizens to the annual hajj pilgrimage. Qatar's Civil Aviation Authority issued the denial early on Monday, saying it told Saudi Arabian Airlines that the request must be coordinated with the Ministry of Islamic Affairs.

  • LONDON, Aug 21- Gold rose on Monday as tensions over North Korea fueled safe haven demand, while doubts over U.S. Investors were braced for North Korea's response to computer-simulated military exercises begun by South Korean and U.S. forces on Monday that will continue until Aug. 31. "Gold is being supported by the war games and the uncertainty in Washington," said...

  • *Nickel, Indonesia and the Philippines: http://tmsnrt.rs/2faVBvx. LONDON, Aug 21- Zinc prices climbed to their highest in nearly a decade on Monday as expectations of a market deficit fueled speculative buying, though technical factors are likely to limit gains. "We might see higher levels if the International Lead and Zinc Study Group confirms the zinc market...

  • SINGAPORE/ DUBAI, Aug 21- Iraq has informed its customers that it plans to switch its price benchmark for Basra crude in Asia to DME Oman futures from January, dropping the average of Platts' Oman- Dubai quotes, in a major shift in the way it prices its oil. The proposal by state-oil marketer SOMO would mark a significant change by OPEC's second-largest producer away...

  • KHOBAR, Saudi Arabia, Aug 21- Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, the government said on Monday. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no...

  • TAIPEI, Aug 21- Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display factory due for 2020.. Foxconn, which makes electronics under contract for clients such as Apple Inc, announced its $10...

  • FRANKFURT, Aug 21- AstraZeneca has stepped up its investment in messenger RNA drugs, a promising approach in genetic therapy, by spending more than 25 million euros on a research alliance with German biotech start-up Ethris. In a deal with Astra and its biotech division MedImmune, Ethris will receive 25 million euros upfront, research funding and milestone...

  • *Taiwan July exports orders +10.5 pct vs +12.25 pct Reuters poll f'cast. TAIPEI, Aug 21- Taiwan's export orders rose for the 12th straight month in July, fueled by solid demand for smartphones and other tech gadgets as global retailers and their suppliers prepare for peak-year end shopping season. Solid demand for Asia's exports, particularly electronics,...

  • LONDON— French oil company Total agreed Monday to buy Danish conglomerate AP Moller-Maersk's oil business for $7.45 billion, in a deal that will strengthen its position in the North Sea. Total said the deal will position it as the No. 2 operator in the North Sea, which is the seventh-largest oil-and-gas producing region in the world. It said it will uphold Maersk...

  • AMSTERDAM, Aug 21- Oil prices fell on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance. Benchmark Brent crude futures were down 29 cents at $52.43 a barrel at 0856 GMT, after surging more than 3 percent in the previous session. West Texas...

  • JOHANNESBURG, Aug 21- South Africa's AngloGold Ashanti reported a first-half loss on Monday on costs related to layoffs and money set aside for litigation, but stuck to its full-year targets. Shares in Africa's biggest gold miner were down 3.2 percent to 130 rand at 0903 GMT, while the wider sector was off 1 percent. A class action suit, mostly relating to fatal lung...