US TREASURY YIELDS RISE TO SESSION HIGHS AS OIL, STOCK PRICES GAIN, 10- YEAR YIELDS INCREASE TO 1.77 PERCENT.
April 12- More than half of the analysts in a Reuters poll trimmed their forecasts for Canada's economic growth in 2016, saying the effects of low oil prices and weak U.S. demand for the nation's products would offset planned government stimulus. On Wednesday, the Bank of Canada is expected to upgrade its growth forecasts and leave monetary policy unchanged.
April 12- Gains on Wall Street were driven by a surge in oil on Tuesday, even as Alcoa's lackluster results marked a shaky start to the U.S. corporate earnings season. Crude rose about 2 percent, with Brent above $43 per barrel, on hopes that major producers would reach an agreement to curb a persistent global oversupply. "It's really just a pause in front of the full...
RALEIGH, N.C.— Deutsche Bank is halting plans to add 250 jobs in North Carolina because of a state law limiting protections for lesbians, gays and transgender people. Previously, the bank had planned to add the jobs through next year in Cary. But on Tuesday co-executive officer John Cryan said the company is "unwilling to include North Carolina in its U.S. expansion...
April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Shares of the New York- based firm- one of the few publicly traded hedge fund firms, with $42 billion in assets under...
ORLANDO, Fla.— A judge in southern California has dismissed a securities fraud lawsuit brought by investors in SeaWorld. The investors claimed that Orlando- based SeaWorld officials misled investors about the impact of the documentary "Blackfish" on the company's financial performance. District Judge Michael Anello said the investors failed to show that...
FRANKFURT, April 12- Global sales of industrial robots rose 8 percent in 2015, driven by demand from the automotive industry and China, the World Robotics Federation said on Tuesday. China cemented its position as the leading market with a rise of 16 percent to 66,000 units, although this was only half the growth of 30 percent that the federation had predicted.
*Mercedes-Benz passenger car sales up 12.6 pct to 483,487. FRANKFURT, April 12- Mercedes-Benz's sales in China rose three times as fast as BMW's in the first quarter, to make the brand the biggest seller of luxury cars globally, monthly registration figures showed on Tuesday. China is the world's biggest car market and Mercedes' sales there jumped 36.4 percent in...
NEWARK, N.J.— New Jersey's largest city will tax Airbnb rentals at the same rate as hotels. Newark Mayor Ras Baraka announced on Tuesday the city reached an agreement to have the company collect the city's six percent hotel tax on rentals that previously were not regulated. According to a statement released by the city, Airbnb praised the agreement with Newark as a...
CHARLESTON, S.C. _ Bank of South Carolina Corp. on Tuesday reported first-quarter net income of $1.2 million. Bank of South Carolina shares have decreased slightly since the beginning of the year. Keywords: Bank of South Carolina, Earnings Report.
BERLIN, April 12- Mexican President Enrique Pena Nieto on Tuesday backed a planned free trade deal between the European Union and the United States known as the Transatlantic Trade and Investment Partnership, saying his country could also adopt it. During a visit to Berlin, Pena Nieto said TTIP offered an opportunity for more free trade and added that Mexico,...
CHICAGO— Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 6 cents higher at $4.5320 a bushel; May corn was 7.25 cents higher at $3.64 bushel; May oats was 3.50 cents higher at $1.8840 a bushel; while May soybeans gained 7 cents to $9.3520 a bushel. April live cattle was. 10 cent lower at $1.3398 a pound; April...
BOSTON— A renowned horn player and Boston University music professor has been sued by two former students who say he sexually harassed them and the school failed to do anything to stop the harassment. The Boston Globe reports that the complaint filed Tuesday in Suffolk Superior Court alleges that professor Eric Ruske made "offensive, vulgar, and sexually...
DUBLIN, April 12- Ryanair is to launch its first loyalty scheme in decades, introduce customer satisfaction surveys and allow "one-tap" upgrades using mobile phones as it extends its efforts to rid itself of a reputation for poor service. The Irish low-cost airline, Europe's largest by passenger numbers, has seen profits and passenger numbers soar since Chief...
April 12- Uber Technologies Inc on Tuesday released its first ever transparency report detailing the information requested by not only U.S. law enforcement agencies, but also by regulators.
LONDON/ MILAN, April 12- European shares steadied in choppy trade on Tuesday, with gains among mining companies offset by weakness among Italian banks. "The problem with the Italian bank fund is that it is not big enough and it risks compromising the banks that are already in a much better shape," said Francois Savary, chief investment officer at Geneva- based...
LAUSANNE, Switzerland, April 12- Oil prices have probably bottomed out and will rise from now on though the recovery will be slow due to a huge stocks overhang, some of the biggest oil trading executives said on Tuesday. Marco Dunand, the head of Mercuria, said he saw prices at above $50 per barrel next year. Oil prices have dropped to as low as $27 per barrel- in January-...
LONDON, April 12- Fuel consumption is not very sensitive to a small change in prices in the short run, but if the price change is large enough and lasts long enough the amount used can change significantly. The 60 percent decline in oil prices over the last two years has now been large enough and lasted long enough that it is starting to have a significant impact on the...
LONDON, April 12- Britain could deal a damaging blow to the fragile global economy if it votes to leave the European Union, the International Monetary Fund said in the sharpest warning yet from a global body about the risks associated with Brexit. The IMF listed Britain's June 23 referendum on EU membership as a key risk, along with instability in China and other...
KHOBAR, Saudi Arabia, April 12- Saudi Arabia has lifted a ban on exporting cement, a senior industry official was quoted as saying on Tuesday, while an industry source indicated a similar ban on steel has also been eased. Ahmed bin Abduh Zugail, who is chief executive of Yanbu Cement Co and the deputy head of the national committee of cement companies, told the Al...
