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Wires

  • Feb 9- Wind energy has surpassed hydropower as the biggest source of renewable electricity in the United States following the sector's second-biggest quarter ever for new installations, a wind industry trade group said on Thursday. Wind installations totaled 82,183 megawatts at the end of 2016, enough to power 24 million homes, the American Wind Energy...

  • SHANGHAI, Feb 9- China's three largest bitcoin exchanges said on Thursday they will strengthen oversight of customers' identities and sources of funds, in the latest shift since the Chinese central bank stepped up its scrutiny of the industry. Their move comes after China's central bank said it called nine of the country's smaller bitcoin exchanges in to a...

  • ASKED ABOUT G20 LANGUAGE, IMF SPOKESMAN SAYS FUND WOULD LIKE TO SEE IT REFLECT PURSUIT OF FREE AND FAIR TRADE POLICIES.

  • MANILA, Feb 9- The Philippines' environment minister vowed not to buckle to mounting pressure on Thursday from a mining sector reeling from her shutting more than half of the country's mines on environmental protection grounds. Mines ordered for closure include those run by Hinatuan Mining Corp, a unit of top Philippine nickel ore producer Nickel Asia Corp, and...

  • President Donald Trump lamented an out-of-date U.S. air traffic control system on Thursday and criticized a federal government contract for a new system that he said was not good. As he met with airline executives, Trump said he believes the head of the Federal Aviation Administration should be a pilot. He also said he would make a tax announcement in a few weeks.

  • NEW YORK, Feb 8- U.S. independent refiners like Phillips and Valero have offered mixed support for Republican efforts to boost American jobs and products, expressing concerns about how a border tax on imports could upend the energy ecosystem. GAS UP 30- 40 CENTS ON BORDER TAX. It is not clear that refineries would easily be able to absorb more U.S. light, sweet crude...

  • Total revenue grew just 1.0 percent to $717.2 million, missing analysts' average estimate of $740.1 million, according to Thomson Reuters I/B/E/S. That was the slowest quarterly revenue growth since Twitter went public in 2013, reflecting intense competition from rival social networks such as Snap Inc's Snapchat and Facebook Inc. "There isn't a growth story...

  • SAO PAULO, Feb 9- Brazilian stocks rose on Thursday as prices of commodities advanced, with pulp and paper company Suzano Papel e Celulose SA leading gains after fourth-quarter earnings. Shares of miner Vale SA and state-controlled oil company Petróleo Brasileiro SA added the most points to the index, tracking prices of iron ore and crude futures.

  • The company is giving top priority to its BET, Comedy Central, MTV, Nickelodeon and Nick Jr channels and its Paramount film studio, it said in its earnings release. The former head of Viacom's international business took over as permanent CEO in December after the Redstone family stopped exploring a merger of the company and CBS. Sumner Redstone and his family own...

  • says no associated nuclear risk@. PARIS, Feb 9- A fire caused an explosion at the Flamanville nuclear power plant in northwest France on Thursday, leading the operator EDF to take a reactor offline, but there was no risk to the reactor, EDF and a local official said on Thursday. Industry experts said fires of this nature happened fairly frequently and that there was...

  • WILMINGTON, Del, Feb 9- The longest-serving member of Delaware's Supreme Court, Randy Holland, announced his plan to retire at the end of March, according to a statement from the court on Thursday. The court recently dismissed a $171 million investor lawsuit against pipeline operator Kinder Morgan Inc and revived a lawsuit against Zynga Inc's controlling...

  • Feb 9- A Native American tribe said on Thursday it had filed a legal challenge in a bid to block the $3.8 billion Dakota Access oil pipeline project after the company constructing it won federal permission to tunnel under the Missouri River.

  • Feb 9- U.S. stocks rose on Thursday, with the Nasdaq hitting a record high, helped by higher oil prices. However, Wall Street's reaction to corporate earnings has been muted as investors remain cautious given the recent run-up in the market and policy uncertainty under newly elected President Donald Trump. "Investors are cautiously optimistic about the current...

  • STANDING ROCK SIOUX TRIBE FILES LEGAL CHALLENGE IN BID TO STOP NORTH DAKOTA ACCESS PIPELINE- STATEMENT ON TRIBE'S WEBSITE.

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, as it reported some of the biggest profits in the industry for last year and raised its dividend. Total said it made an adjusted net profit of $8.2 billion in 2016 and that on a comparable basis Shell made $7.2 billion, BP $2.6 billion and Chevron $1.8 billion.

  • DUBAI, Feb 9- Creditors have agreed in principle to Saudi Binladin Group's request for a two-year extension on a 10 billion riyal Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said. SBG, which due to historically close ties to the government has emerged as one of the heavyweights of the kingdom's construction...

  • LONDON, Feb 9- Oil prices rose on Thursday after an unexpected draw in U.S. gasoline inventories pointed to higher demand in the world's biggest oil market, although bloated crude supplies meant that fuel markets remain under pressure. Benchmark Brent crude was up 60 cents a barrel at $55.72 per barrel by 1435 GMT. "U.S. gasoline draws are supporting prices today,"...

  • LOS ANGELES, Feb 9- Dunkin' Brands Group Inc, owner of the Dunkin' Donuts and Baskin-Robbins brands, on Thursday reported a better-than-expected quarterly profit as a favorable tax rate boosted results. Net income attributable to Dunkin' Brands was $56.1 million, or 61 cents per share, for the fourth quarter. Dunkin' had a 64- cent quarterly profit, excluding items,...

  • TORONTO, Feb 9- The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil prices rose and ahead of a speech by Bank of Canada Deputy Governor Lawrence Schembri on inflation. Oil is one of Canada's major exports. At 9:11 a.m. ET, the Canadian dollar was trading at C $1.3109 to the greenback, or 76.28 U.S. cents, stronger than Wednesday's close of...

  • TORONTO, Feb 9- Canada's main stock index rose in early trading on Thursday, as energy stocks, buoyed by higher oil prices, rallied more than 2 percent. The Toronto Stock Exchange's S&P/TSX composite index was up 38.26 points, or 0.31 percent, at 15,602.30 shortly after the open. Eight of the index's 10 main groups were in positive territory.