Wires

  • DAVOS, Switzerland, Jan 18- Renault-Nissan has sold more than 400,000 electric cars globally and the leader in plug-in vehicles is planning further investment to maintain its market lead, the chief executive of the auto alliance said. Carlos Ghosn disclosed the figure during an interview with Reuters on the sidelines of the World Economic Forum in Davos.

  • OMAHA, Neb.— CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms. The Jacksonville, Florida- based railroad offered a somewhat optimistic outlook Wednesday, a day after reporting a $458 million fourth-quarter profit. CSX CEO Michael Ward says...

  • PURITT SAYS IT IS TOO SOON TO DECIDE ON TWEAKING BIOFUELS PROGRAM AS REFINERS HAVE REQUESTED.

  • NEW YORK, Jan 18- Credit Suisse formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said said on Wedenesday. Zurich- based Credit Suisse will pay a $2.48 billion cash penalty and provide $2.8...

  • PRUITT SAYS MANY ASPECTS OF RFS PROGRAM NEED TO BE BETTER LED BY EPA.

  • AMBASSADOR NOMINEE WILL NOT COMMIT TO PARIS CLIMATE AGREEMENT, SAYS HAS CONCERNS ABOUT IMPACT ON BUSINESSES.

  • TRUMP'S EPA PICK PRUITT SAYS RENEWABLE FUEL STANDARD WAIVERS SHOULD NOT BE AUTOMATIC.

  • CAIRO, Jan 18- Egypt will scrap its remaining caps on transfers and deposits of foreign currency by the end of June and overhaul its oil sector as part of ambitious efforts to reform the economy under an IMF agreement, the details of which were released on Wednesday. The International Monetary Fund approved the three-year programme with Egypt in November,...

  • PARIS, Jan 18- Planemaker Airbus expressed concern on Wednesday about the prospect of a clean break between Britain and the European Union under what has been dubbed "hard Brexit". UK Prime Minister Theresa May said on Tuesday Britain would quit the EU single market and end full membership of the bloc's customs union when it leaves the European Union, following...

  • PARIS, Jan 18- Planemaker Airbus expressed concern on Wednesday about the prospect of a clean break between Britain and the European Union under what has been dubbed "hard Brexit". UK Prime Minister Theresa May said on Tuesday Britain would quit the EU single market and end full membership of the bloc's customs union when it leaves the European Union, following...

  • WASHINGTON, Jan 18- Texas- based medical device company Orthofix International NV has admitted wrongdoing and agreed to pay more than $14 million to settle charges that it improperly booked revenue and paid off doctors in Brazil to boost sales, U.S. regulators said on Wednesday. The Securities and Exchange Commission said in a statement that Orthofix...

  • PARIS, Jan 18- Planemaker Airbus expressed concern on Wednesday about the prospect of a clean break between Britain and the European Union under what has been dubbed "hard Brexit." UK Prime Minister Theresa May said on Tuesday Britain would quit the EU single market and end full membership of the bloc's customs union when it leaves the European Union, following...

  • TORONTO, Jan 18- Below are some key quotes from an appearance by Bank of Canada Governor Stephen Poloz in Ottawa:. ON LIKELIHOOD OF FUTURE INTEREST RATE MOVES. "What we have is heightened uncertainty about trade policies in particular so we identified a number of downside risks as well as upside risks in our projection.

  • PARIS, Jan 18- Planemaker Airbus expressed concern on Wednesday about the prospect of a clean break between Britain and the European Union under what has been dubbed "hard Brexit." UK Prime Minister Theresa May said on Tuesday Britain would quit the EU single market and end full membership of the bloc's customs union when it leaves the European Union, following...

  • Jan 18- Wall Street was little changed on Wednesday as gains in technology and financial stocks offset losses in shares of retailers. Federal Reserve Chair Janet Yellen is scheduled to speak later in the day. Investors will parse her comments to see if she joins other policymakers in suggesting faster interest rate hikes in the wake of Donald Trump's proposals...

  • TRUMP'S EPA PICK PRUITT SAYS GLOBAL WARMING IS NOT A HOAX.

  • LONDON, Jan 18- UBS Chairman Axel Weber has said that around 1,000 of the Swiss bank's 5,000 employees based in London could be impacted by Britain's exit from the European Union. Real passporting business is probably down to about 1,000 of those employees in London and for them we have to look at what the ultimate deal will be mapped out with, "Weber said in a BBC...

  • WASHINGTON, Jan 18- U.S. consumer prices rose in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/ 2 years and signaling that inflation pressures could be building. "Further momentum in consumer prices could add to the perception of a more hawkish Fed and the potential for more...

  • WASHINGTON— From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home. Trump, in response, has taken to Twitter to signal his approval. "Thank you to General Motors and Walmart for starting the big jobs push back...

  • NEW YORK, Jan 18- Oklahoma Attorney General Scott Pruitt, President-elect Donald Trump's choice to lead the Environmental Protection Agency, said on Wednesday he would honor the Congressional intent and timetables of the U.S. The more than decade-old policy requires the EPA set annual requirements for use of ethanol and biodiesel in transportation fuels...