Wires

  • *OPEC pumps 221,000 bpd less in Dec than in Nov. LONDON, Jan 18- Oil prices fell on Wednesday on expectations that U.S. producers would boost output, just as OPEC signaled that a global supply-reduction deal will shrink the oil glut this year. Brent crude futures, the international benchmark for oil prices, were down 75 cents $54.72 a barrel at 1230 GMT.

  • Jan 18- Goldman Sachs Group Inc reported a nearly four-fold rise in quarterly profit on Wednesday as it benefited, like other big banks, from a surge in trading following Donald Trump's surprise win in November's presidential election. Goldman's net income attributable to common shareholders soared to $2.15 billion in the fourth quarter ended Dec. 31 from...

  • *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...

  • OMAHA, Neb. _ TD Ameritrade Holding Corp. on Wednesday reported fiscal first-quarter earnings of $216 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 41 cents per share. TD Ameritrade shares have climbed 5 percent since the beginning of the year.

  • 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...

  • NEW YORK— Target is lowering its fourth-quarter profit and sales outlook after the discounter says it had sluggish holiday sales and traffic in its stores that offset a surging online business. Target says revenue at stores opened at least a year for the November and December period were down 1.3 percent. The company now says that the key barometer for a...

  • *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...

  • PARIS— A group of French hoteliers and real estate agents has launched a lawsuit targeting accommodation-rental platforms, including Airbnb, arguing that their practices amount to unfair competition. Navarro told The Associated Press on Wednesday that the online platforms are making the most of a "grey zone" in which they are not on the same level playing...

  • *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.