Wires

  • LONDON, Jan 20- An unexpectedly weak December dragged on British retail sales growth in the fourth quarter of last year, although consumers still spent strongly over the October-December period as a whole. Shoppers have driven Britain's economy since June's referendum decision to leave the European Union, just as other sources of growth like investment and...

  • SAO PAULO, Jan 20- Brazilian college operator Estácio Participações SA aims to raise more revenue per pupil in its next incoming class by giving fewer scholarships and offering a new student loan arrangement, Chief Executive Pedro Thompson said late Thursday. Under the program, new students can pay just 30 percent of tuition while in college and the balance...

  • OAKDALE, Calif. _ Oak Valley Bancorp on Thursday reported net income of $2.3 million in its fourth quarter. Oak Valley Bancorp shares have climbed nearly 8 percent since the beginning of the year. Keywords: Oak Valley Bancorp, Earnings Report.

  • SHANGHAI, Jan 20- China's securities regulator said on Friday it will restrict excessive fund raising by listed companies, and tighten approvals for additional share sales, official Securities Times reported. Meanwhile, the China Securities Regulatory Commission encouraged companies to issue convertible bonds and preferred stocks to address...

  • DAVOS, Switzerland, Jan 20- France's finance minister has cautioned incoming U.S. In an interview with Reuters at the World Economic Forum in Davos, Finance Minister Michel Sapin said regulations agreed among G20 countries in the aftermath of the global financial crisis were vital to prevent future turmoil and could not be reversed by a single member.

  • KIEV, Jan 20- Ukraine's largest confectionery company, owned by President Petro Poroshenko, plans to close its only factory in Russia, saying it had become impossible to do business there because of trade restrictions and anti-Ukrainian sentiment. The Lipetsk plant in western Russia has seen production decline since March 2014 when Moscow annexed Ukraine's...

  • *Officials in Washington D.C. prepare for massive protests. LONDON, Jan 20- The dollar edged lower while stocks were little changed on Friday as investors held back ahead of Donald Trump's inauguration as U.S. president and a speech that could shed some light on his economic policies. Concerns over the details of Trump's inauguration speech offset...

  • SHANGHAI, Jan 20- China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of the Lunar New Year holiday, three sources with direct knowledge of the matter said. The People's Bank of China has cut the reserve requirement ratio for the...

  • DAVOS, Switzerland, Jan 20- Russia's economy could grow by 2 percent in 2017 as long as there are no external shocks such as a renewed fall in oil prices, Economy Minister Maxim Oreshkin said on the sidelines of the World Economic Forum in Davos. Oreshkin said Russia would not abandon a free-floating rouble, which was one of the moves taken by the Russian central bank...

  • SEOUL, Jan 20- South Korea's special prosecutor's office said on Friday it has summoned a Samsung Electronics Co Ltd executive for questioning amid a widening graft scandal involving President Park Geun-hye.

  • BEIJING, Jan 20- China issued 4.96 trillion yuan of new mortgages to individuals in 2016, the People's Bank of China said on Friday. Outstanding mortgages held by individuals rose 35 percent year-on-year to 19.14 trillion yuan as of end-December, PBOC said in a fourth quarter report posted on its website. China's outstanding real estate loans rose 27 percent...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia's struggles to ramp up production. Benefiting from the Panama Canal expansion last year that...

  • *Colony Capital sells entire stake in Edenred. PARIS, Jan 20- Shares in French voucher and prepaid card provider Edenred slid lower on Friday after its second-largest shareholder Colony Capital sold its entire 11.2 stake in the company. Colday E, a vehicle of private equity firm Colony Capital, said 5.53 percent of the capital had already been sold off-market to...

  • LONDON, Jan 20- The dollar inched down on Friday before U.S. President-elect Donald Trump's inauguration, as further comments from Federal Reserve chief Janet Yellen were perceived as less hawkish than what she said the previous day. After a week of volatile moves that have seen investors question the fate of the greenback under Trump, both the dollar and...

  • TOKYO, Jan 20- Japan's Canon Inc is considering investing in Toshiba Corp's chip business, Kyodo news agency reported on Friday. The report, which did not cite any sources, comes as Toshiba begins preparations to sell a minority stake in its core chip business, aiming to raise funds ahead of an upcoming multi-billion dollar writedown. A representative for Canon...

  • NAKHON SI THAMMARAT, Thailand, Jan 20- First came drought, then came floods. Thailand accounts for nearly 40 percent of the world's natural rubber, most of which is used in car tires. Thailand is one of the world's most important exporters of agricultural commodities- including rice and refined sugar.

  • LONDON, Jan 20- Borrowing costs in the euro area pulled further away from one-month highs on Friday, as caution. crept in before Donald Trump's inauguration as U.S. president. The European Central Bank's decision on Thursday to maintain its ultra-easy monetary policy and play down a recent rise in inflation supported regional bond markets.

  • DAVOS, Switzerland, Jan 20- Leaders of the global pharmaceutical industry, blasted by incoming U.S. President Donald Trump for "getting away with murder" on drug prices, are putting a brave face on the challenges in their biggest market. The following are comments from chief executives on U.S. pricing prospects, based on Reuters interviews at this week's World...

  • PARIS, Jan 20- Recent production problems at Zodiac Aerospace partially influenced the French seatmaker's decision to agree to be taken over by aero engines group Safran, a leading Zodiac shareholder said. A cash pile left by Safran's decision last year to sell its security business also facilitated the 9.7 billion-euro deal, reached more than six years after...

  • *Citi's Asia wealth biz added up to 12 pct new customers in 2016. *Citi's top wealth mkts in Asia include Hong Kong, Singapore. *Total household wealth in Asia rose 4.5 percent in 2016- report.