×

Top News & Analysis New York

  • JAKARTA/ TORONTO, March 30- Freeport McMoRan Inc's Indonesian unit is close to reaching a deal that would allow the world's biggest publicly listed copper producer to temporarily resume concentrate exports, Indonesia's mining minister said on Thursday. Energy and Mineral Resources Minister Ignasius Jonan said a new deal would allow Freeport to resume...

  • *Price lowered to 700 from 1,100 CFA francs/ kg. ABIDJAN, March 30- Ivory Coast slashed the price it guarantees for cocoa farmers by 36 percent to 700 CFA francs per kilogram on Thursday and reduced taxes for the April-to-September mid-crop amid a sharp drop in world prices. Higher than expected output and a wave of export contract defaults have created a glut of...

  • *Taiwan and China have used "dollar diplomacy". DAKAR/ TAIPEI, March 30- A state-run Taiwanese bank has successfully sued two African countries for $212 million in unpaid loans and brought a claim against a third, court documents showed, in a possible warning to allies who switched sides in Taiwan's spat with China. The three claims brought by the Export-Import Bank...

  • NEW YORK— Cable television's Spike network will be transformed into the Paramount network early next year, introducing new series with stars to include Alicia Silverstone and Michael Shannon. In its announcement Thursday, owner Viacom billed the rebranded network as "a prime destination for premium storytelling." Paramount's slate of new series will...

  • The SEC on Thursday said Larry Holley, 59, the pastor at Abundant Life Ministries, told victims that because he "prayed for your children" he was more trustworthy than a banker, and told congregants that investors in his real estate business were "millionaires in the making." Eighty-three people from 14 U.S. states, including some who turned over their life savings,...

  • NEW YORK— Twitter has found more creative ways to ease its 140- character limit without officially raising it. Now, the company says that when you reply to someone— or to a group— usernames will no longer count toward those 140 characters. This will be especially helpful with group conversations, where replying to two, three or more users at a time could be especially...

  • JOHANNESBURG, March 30- South Africa's rand firmed against the dollar on Thursday in volatile trade following a confirmation that President Jacob Zuma plans to fire Finance Minister Pravin Grodhan, while stocks were dragged lower by the fraught political environment. At 1500 GMT, the rand traded at 12.8300 per dollar, 1.7 percent firmer from its New York close...

  • NEW YORK, March 30- Equities in key world markets edged higher on Thursday, supported by an advance in U.S. crude to trade above $50 per barrel for the first time in three weeks, while stocks on Wall Street also got a lift from growth data. The euro slipped after data showed easing inflation in Spain and Germany, paring back bets on tighter policy from the European...

  • Arcos Dorados Holdings Inc, the world's largest McDonald's restaurant franchisee, and Chile's Empresas CMPC SA are offering 10- year bond deals on Thursday that could fetch them $765 million in total. President Donald Trump's policies would lure capital away from Latin America have subsided, bankers and executives said. Emerging market funds had $6.5...

  • *Kuwait says OPEC discussing extending output cuts. NEW YORK, March 30- Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply. "I see no sign from OPEC and Saudi Arabia that they will not roll over the cut into the second half of the...

  • WASHINGTON, March 30- Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal. The settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington, as well as some...

  • A worker tests a red 2016 Volkswagen AG Golf TDI emissions certification vehicle inside the California Air Resources Board Haagen-Smit Laboratory in El Monte, California.

    Volkswagen said it has agreed to settle environmental claims from 10 U.S. states over its excess diesel emissions.

  • NEW YORK— Anyone with an American-only 401 account missed out in the first quarter. Funds that own stocks from Latin America, Asia and other foreign markets were some of the best performers during the first three months of the year. Money poured into stock funds in the final months of 2016, mostly focused on the U.S. market due to excitement that a Republican-led...

  • NEW YORK, March 30- Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members. Einhorn, who runs New York- based Greenlight Capital, has pledged to fight for it at the company's annual meeting and plans to nominate a slate of directors ready to...

  • *Price lowered to 700 from 1,100 CFA francs/ kg. ABIDJAN, March 30- Ivory Coast has slashed the price it guarantees for cocoa farmers by 36 percent to 700 CFA francs per kilogram and reduced taxes for the April-to-September mid-crop amid a sharp drop in world prices, a government spokesman said on Thursday. The goverment is doing everything it can to ensure this...

  • WASHINGTON, March 30- Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal. The settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington, as well as some...

  • The company says the money will go to Connecticut, Delaware, Maine, Massachusetts, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington. Thursday's settlement is the first time the 10 states have won penalties from an automaker under their own emissions laws, New York Attorney General Eric Schneiderman said Thursday in a statement.

  • Banks and other financial companies led U.S. stocks modestly higher Thursday, nudging the Nasdaq composite index to an all-time high. ConocoPhillips jumped 8.8 percent after the energy company agreed to sell most of its Canadian assets. "Equities are ending the first quarter in a reasonably good place," said Terry Sandven, chief equity strategist at U.S.

  • WASHINGTON, March 30- Volkswagen AG said Thursday it has agreed to settle environmental claims from 10 U.S. states over its excess diesel emissions for $157.45 million as the world's largest automaker looks to move past the scandal. The German automaker settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington and...

  • ANKARA, Turkey— Turkey's foreign minister says a Turkish banker and a Turkish businessman arrested in the United States for allegedly helping Iran evade U.S. sanctions are the target of a politically motivated case. Secretary of State Rex Tillerson in Ankara on Thursday. U.S. federal prosecutors say Turkish banker Mehmet Hakan Atilla was arrested Monday on...