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Wires

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • Jan 18- The top risk to U.S. growth would come if U.S. President-elect Donald Trump keeps his protectionist promises, according to a Reuters poll that shows economists have not joined in the market exuberance since the shock November vote. "There is no question that near the top of the list of downside risks is the potential for more follow-through on the anti-free...

  • LONDON, Jan 18- The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to U.S. inflation data for clues on the path of interest rates. The dollar, which hit a seven-week low of 112.57 yen in early trade in Asia, climbed 0.8 percent to...

  • LONDON, Jan 18- The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to U.S. inflation data for clues on the path of interest rates. The dollar, which hit a seven-week low of 112.57 yen in early trade in Asia, climbed 0.8 percent to...

  • LONDON, Jan 18- The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to U.S. inflation data for clues on the path of interest rates. The dollar, which hit a seven-week low of 112.57 yen in early trade in Asia, climbed 0.8 percent to...

  • LONDON, Jan 18- The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to U.S. inflation data for clues on the path of interest rates. The dollar, which hit a seven-week low of 112.57 yen in early trade in Asia, climbed 0.8 percent to...

  • WASHINGTON, Jan 18- President-elect Donald Trump said his administration will not move the press briefing room out of the White House into a larger space but will choose the media representatives who go into it, according to an interview with Fox News. Trump's team had discussed moving news conferences out of the small West Wing briefing room to the Old...

  • Jan 18- Target Corp lowered its comparable store sales and earnings forecasts for the fourth quarter, citing "softer-than-expected" holiday sales due to, what the retailer called, disappointing traffic and sales trends. The company said it expects to earn $1.45- $1.55 per share in the quarter, lower than its prior forecast of $1.55- $1.75. Target also lowered its...

  • *Bank of England watching for inflation pressures. LONDON, Jan 18- British workers saw their pay grow at the fastest pace in more than a year in the three months to November, official data showed on Wednesday, adding to signs that the country's economy ended 2016 strongly despite the shock of the Brexit vote. The jobless rate remained at an 11- year low of 4.8 percent...

  • *Market expects increased debt supply as Italy gears up. LONDON, Jan 18- Euro zone bond yields rose on Wednesday, a day after Belgium sold a record 6 billion euros worth of 10- year bonds and amid signs that Italy was on track for a large debt transaction. "The size of the Belgium deal shows how the governments themselves view the way in which rates are going to go upwards...

  • Jan 18- Alaska Air Group Inc said on Wednesday it expects to record $82 million in the fourth quarter in costs related to the $2.6 billion acquisition of Virgin America Inc.. The Seattle- based company said it expected unit revenue, a closely watched performance metric, for the fourth quarter ended Dec. 31, in the range of 11.24 cents to 11.29 cents, including Virgin...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. The company laid out the results of the review in a document seen by Reuters that was e-mailed to its 33,700 employees on Wednesday after 350...

  • *Futures up: Dow 6 pts, S&P 0.75 pts, Nasdaq 3.75 pts. Jan 18- U.S. stock index futures were little changed on Wednesday ahead of another set of big bank earnings and Federal Reserve Chair Janet Yellen's speech. *The Trump rally, which drove Wall Street to record highs, has been showing signs of fatigue since the start of the year as investors get increasingly nervous...

  • *Finland first to pay basic income in Europe. *2,000 Finns get 560 euros a month for two years. Swiss voters rejected the concept of an unconditional minimum income for all last year, but authorities in the Netherlands, France, Canada and the U.S. state of California are among those looking at the possibility, though mostly at a local government level.

  • Jan 18- Target Corp lowered its comparable store sales and earnings forecasts for the fourth quarter, citing softer-than-expected holiday sales. The company said comparable sales declined 1.3 percent in the November-December period. The company's shares were down 4.9 percent at $67.50 in premarket trading on Wednesday.

  • *Traders await assessment of rain impact in Argentina. HAMBURG/ SINGAPORE, Jan 18- Chicago soybean futures dropped on Wednesday as the market paused for breath after hitting its highest in around six months on Tuesday on worries that heavy rain could damage crops in Argentina. Chicago Board of Trade most-active March soybeans were down 0.3 percent to $10.65-3/ 4...

  • DAVOS, Switzerland, Jan 18- Iran and Saudi Arabia should be able to work together to help end conflicts in Syria and Yemen, after successfully cooperating over Lebanon last year, Iran's foreign minister said. Aoun is a close ally of Lebanon's Hezbollah, an Iran- backed Shi'ite Muslim group, and Iran welcomed Aoun's election as a victory for Hezbollah.

  • LONDON, Jan 18- Britain's competition watchdog said on Wednesday that Mastercard has proposed a series of measures that should alleviate its concerns about the credit card giant's takeover of payments processing company VocaLink. The Competition and Markets Authority said earlier this month that it was worried the deal could lead to the combined group...

  • LONDON, Jan 18- Education group Pearson lost almost a third of its market value on Wednesday after it ditched its profit and dividend forecasts in a battle to respond to a shift to digital that has already hit the music and newspaper industries. The greatest change is being felt in North America, its biggest market, where a fall in college enrollment numbers due to...

  • The Organization of the Petroleum Exporting Countries, excluding Indonesia, pumped 33.085 million barrels per day last month, according to figures OPEC collects from secondary sources, down 221,000 bpd from November, OPEC said in a monthly report. As well as reporting lower output from its own members, OPEC cut its forecast of supply in 2017 from non-member...