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Wires

  • OIL PRICES EXTEND GAINS; U.S., BRENT CRUDE UP BY $1 A BARREL EACH AFTER EIA DATA.

  • In recent days, discount sites such as airfarewatchdog.com have highlighted round trips including San Francisco- Copenhagen, Los Angeles- Stockholm and New York- Barcelona for under $400 and New York- Tel Aviv, Chicago- Bangkok and Los Angeles- Manilla for under $650 for travelers who can avoid the peak summer season. "What it boils down to is, be respectful and be...

  • It is also Chevy's lowest-priced SUV, with a starting manufacturer's suggested retail price of $21,895 for a base 2017 Trax LS with automatic transmission and two-wheel drive. That includes the destination charge, and it is $700 more than last year's base model. The starting MSRP for a 2017 Trax with all-wheel drive is $23,895, up from $22,695 for the 2016...

  • LONDON, March 29- Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday. Investments banks Goldman Sachs and Nomura were among those who sent messages to employees in London, Europe's...

  • CARACAS/ HOUSTON, March 29- Venezuelan state oil company PDVSA on Wednesday confirmed reports of a crude spill from a pipeline connecting its main oil-exporting complex with a tanker loading facility, but said shipments have not been affected. PDVSA said the spill occurred late on Tuesday due to a break in the line running from a crude terminal to a single buoy...

  • London- based EU agencies, the European Banking Authority and the European Medicines Agency, must move as soon as practicably possible must move, the draft paper said. The draft sets the red lines for the elected European Parliament on the conduct of divorce talks with Britain before a trade deal can be discussed. Britain should also recognise that the European...

  • WASHINGTON, March 29- Contracts to buy previously owned U.S. homes jumped to a 10- month high in February, pointing to robust demand for housing ahead of the busy spring selling season. The report on Wednesday from the National Association of Realtors suggested little impact on the housing market from higher home prices and mortgage rates, underscoring the...

  • PARIS, March 29- Pernod Ricard is raising the prices of its spirits and wines in Britain to protect margins against a slide in the pound stemming from the country's vote to leave the European Union. It is being negotiated, " Christian Porta, who manages Pernod Ricards business in Europe, the Middle East, Africa and Latin America, said on an analysts call.

  • While Trump's plan, released March 16, is far from the final word on the subject, he has called for a $54 billion increase in the Pentagon's budget. He has proposed cuts elsewhere, such as the Environmental Protection Agency and the Commerce Department, and no funding at all for 19 agencies including the National Endowment for the Arts. The formal request that will...

  • *Armed protesters block 250,000 bpd of production in Libya. *OPEC- led production cut expected to be extended into H2. NEW YORK, March 29- Oil prices rose again on Wednesday, up another 1.5 percent as U.S. crude inventories rose less than expected, supply disruptions continued in Libya and the OPEC- led output cut by producing countries looked likely to be extended.

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • March 29- Gains in energy and consumer discretionary stocks propped up the S&P 500 and the Nasdaq on Wednesday, but the Dow Jones Industrial Average slipped due to losses in healthcare stocks. "We're going to be fairly range-bound as we get to the earnings season or until there is some significant development on tax reforms," said Michael Scanlon, portfolio...

  • The draft, seen by Reuters, also said there should be transitional arrangements to smooth the divorce but no more than three years, and that the London- based EU agencies, the European Banking Authority and the European Medicines Agency, must move.

  • ISTANBUL— Turkey's state-run news agency says a court has ordered the travel website Booking.com to be blocked in a dispute with Turkey's main travel agency association. The Anadolu Agency reported Wednesday that a commercial court in Istanbul had ordered the move against Booking.com as a "precautionary measure" while the case is ongoing.

  • PARIS, March 29- Indonesia has signed a letter of intent to buy Airbus A400M military aircraft, French President Francois Hollande's office said on Wednesday. The provisional agreement was signed during a visit to Indonesia by Hollande and covers an unspecified number of aircraft, according to a list of deals issued by his office. At present Indonesia operates...

  • SAO PAULO/ BRASILIA, March 29- Brazilian banks set aside a record amount of capital to cover bad loans in February, the central bank said on Wednesday, signaling caution as Latin America's largest economy struggles to emerge from its worst recession on record. Loan loss provisions averaged the equivalent of 6.9 percent of Brazil's outstanding bank loans last...

  • March 29- U.S. gasoline stocks and distillate stockpiles dropped sharply last week as refinery runs jumped, while crude inventories grew less than anticipated, a relief for those hoping for a long-anticipated drawdown in petroleum stocks, the Energy Information Administration said on Wednesday. "A little surprised by the magnitude of refined product draws,...

  • LONDON, March 29- Prime Minister Theresa May formally began Britain's divorce from the European Union on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown. In one of the most significant steps by a British leader since World War Two, May notified EU...

  • SAO PAULO, March 29- The Mexican peso strengthened on Wednesday, supported by rising oil prices and bets that the central bank will increase interest rates this week. Oil-heavy Colombia's peso also rose as crude futures spiked on supply disruptions in Libya and expectations of an extension to an output cut led by the Organization of the Petroleum Exporting...

  • NEW YORK— Samsung seems to be playing it safe with its first major smartphone since the embarrassing recall of its fire-prone Note 7.. The Note 7 recall cost Samsung at least $5.3 billion. "We're in the process of earning back that trust," said Drew Blackard, a senior director of product marketing for Samsung.