Wires

  • MOSCOW, Jan 17- Russian Foreign Minister Sergei Lavrov said on Tuesday he thought it was right to invite the Trump administration to peace talks on the Syria conflict that are planned for Jan. 23 in Kazakhstan's capital, Astana. President-elect Donald Trump's desire to make fighting international terrorism a priority. He also told reporters he hoped Russia and...

  • LONDON, Jan 17- Carlyle Group has agreed to become the largest shareholder in Johannesburg- based Global Credit Ratings, the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services. Carlyle raised $698 million for its Africa buyout fund in 2014, exceeding its $500 million target. Founded more than two decades ago as the...

  • SINGAPORE, Jan 17- Oil prices were mixed on Tuesday, supported by Saudi Arabia saying it would adhere to a commitment to cut output, but held back by rising U.S. production and scepticism that OPEC as a whole would comply with its commitments to reduce supplies. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it...

  • SINGAPORE, Jan 17- Oil prices were mixed on Tuesday, supported by Saudi Arabia saying it would adhere to a commitment to cut output, but held back by rising U.S. production and skepticism that OPEC as a whole would comply with its commitments to reduce supplies. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it...

  • Jan 17- Hong Kong shares bounced back on Tuesday from the previous day's spill, but gains were capped as investors awaited British Prime Minister Theresa May's speech on Brexit later in the day and Friday's inauguration of Donald Trump as U.S. president. Linus Yip, a Hong Kong- based strategist at First Shanghai Securities, said investors are taking a...

  • PARIS, Jan 17- French carmaker Groupe Renault reported record sales for 2016 thanks to growth in Europe and in overseas markets such as Iran, and it expected more progress this year. It enables the Groupe Renault to progress significantly in terms of volume and market share in every region, "said Thierry Koskas, member of Renault's executive committee, in a...

  • *China economy worries ease but big risks remain. Xi's appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the United States plays as a force for multilateral cooperation on issues like trade and climate change is in doubt following the election of Donald Trump. This has left a vacuum that...

  • *China economy worries ease but big risks remain. Xi's appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the United States plays as a force for multilateral cooperation on issues like trade and climate change is in doubt following the election of Donald Trump. This has left a vacuum that...

  • LONDON, Jan 17- Shares in Rolls-Royce climbed 5 percent on Tuesday after the British aero-engine maker settled a long-running bribery probe and said that 2016 profit would beat expectations. The news of the profit upgrade came as a boost to the firm after an eighteen month period of cost-cutting and restructuring led by CEO Warren East, who was brought in to...

  • LONDON, Jan 17- Carlyle Group has agreed to buy Johannesburg- based Global Credit Ratings, the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services. GCR serves 400 customers across 20 countries and is the only ratings agency to have a strong presence in multiple geographies across Africa, Carlyle said.

  • AMSTERDAM— Large parts of Amsterdam have been hit by a power outage, snarling traffic around the city as trains and trams were halted and many electric road signs stopped working. As engineers scrambled to fix the problem, power was finally restored to homes throughout the city by just after 8 a.m., but thousands of people in the nearby town of Zaandam were still cut...

  • Jan 17- The group created by the merger of Italy's Luxottica and France's Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday. "The double listing is an option on the table which we will evaluate in the next days, and so will the listing on the U.S. market," said Del...

  • HONG KONG— Nearly three years after twin disasters took it to the brink of financial collapse, Malaysia Airlines' new CEO says an overhaul aimed at turning the ailing carrier around is going better than expected. Peter Bellew said Tuesday that the airline is on track to meet key performance goals, including turning an annual profit by 2018 and relisting on the...

  • LONDON, Jan 17- British baker Greggs raised profit guidance for 2016 after a strong Christmas but cautioned that it faced greater uncertainty in the trading environment in 2017 with increased pressure on real income growth. The Newcastle, northern England, based firm, said sales at company-managed shops open over a year rose 6.4 percent in its fiscal fourth...

  • *Indonesia expected to import 70 pct of LPG in 2017- Pertamina. JAKARTA, Jan 17- Indonesian state energy company Pertamina expects to import liquefied petroleum gas from the United States to meet growing demand, with U.S shipments to Asia set to climb following transport developments like the extension of the Panama Canal. He said that Indonesia would import a...

  • TOKYO, Jan 17- Benchmark Japanese government bonds were steady on Tuesday, underpinned by solid demand at a 20- year sale. Investors were wary of taking significant new positions as they braced for a speech by British Prime Minister Theresa May later in the global session, as well as Friday's inauguration of U.S. At the Ministry of Finance's offer of 1.1 trillion...

  • SHANGHAI, Jan 17- Shanghai's benchmark stock index rose on Tuesday, snapping a five-day losing streak, as small-caps staged a sharp afternoon rebound that let an index tracking them halt an eight-day slide. China's start-up board ChiNext remained sluggish in the morning after slumping as much as 6.1 percent to a 16- month low on Monday, but reversed earlier...

  • Chung Jin Haeng, a president of the world's fifth-largest automotive group, said Hyundai Motor, Kia Motors and their affiliated companies will spend $3.1 billion during the five years through 2021 on research and development and maintaining their factories in Alabama and Georgia. Chung said Hyundai will study building a new U.S. factory if demand for cars...

  • SEOUL, Jan 17- The Hyundai Motor Group said it plans to boost U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. factory- the latest auto firm to announce fresh investment after threats from President-elect Donald Trump to tax imports. Trump has threatened to slap a 35 percent tax on vehicles imported from Mexico, criticising...

  • *Rising U.S. production seen offsetting OPEC cuts. SINGAPORE, Jan 17- Oil dipped on Tuesday on lingering concerns over global fuel oversupply due to rising U.S. output and doubts that OPEC and other producers would adhere to commitments to cut output in an effort to balance markets and prop up prices. Brent crude futures, the international benchmark for oil prices,...