×

Wires

  • *Obamacare replacement vote key test for Trump in Congress. LONDON, March 23- The dollar held under $1.08 per euro for a second day on Thursday as investors awaited a vote on Republican healthcare plans seen as a litmus test of President Donald Trump's ability to legislate in Congress. The immediate focus was on the results of the European Central Bank's final...

  • LONDON, March 23- Bonds from vulnerable euro zone governments like Portugal and Italy were in demand on Thursday as the European Central Bank prepared to dispense the final instalment of cheap, long-term bank loans that have been running for over five years. Investors appeared to be anticipating solid demand for the cash with the central bank also set to trim...

  • LONDON, March 23- Bonds from vulnerable euro zone governments like Portugal and Italy were in demand on Thursday as the European Central Bank prepared to dispense the final installment of cheap, long-term bank loans that have been running for over five years. Investors appeared to be anticipating solid demand for the cash with the central bank also set to trim...

  • LONDON, March 23- The pound hit a month's high against the dollar on Thursday as investors awaited UK retail sales data expected to turn positive for the first time in three months. A surprise third monthly fall running in retail sales in January pointed to cooling consumer sentiment, the first major sign of weakness in the British economy since last year's vote...

  • March 23- Hong Kong's benchmark stock index struggled on Thursday as strength in Chinese real estate developers was offset by weakness in some blue chips as their earnings reports disappointed investors. The Hong Kong stock market has gained more than 10 percent so far this year, but some analysts worry that valuations are getting stretched and may not live up...

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • ZURICH, March 23- Switzerland's central bank bought another 67.1 billion Swiss francs worth of foreign currencies in 2016, almost a quarter less than the previous year, in its effort to fight the appreciation of the safe-haven franc. "These interventions occurred mainly at times of heightened uncertainty, when the Swiss franc was particularly sought after as...

  • WASHINGTON— The GOP's long-promised legislation to repeal and replace "Obamacare" stood on the brink just hours before Republican leaders planned to put it on the House floor for a showdown vote. Frenzied last-minute wheeling and dealing was under way on Capitol Hill and the White House, where Trump summoned the balky conservative Freedom Caucus to meet with...

  • And since 2000, most middle- and low-income families have seen their incomes drop, when inflation is taken into account, according to Census Bureau data. The GOP health bill exacerbates those disparities, according to a new report by the nonpartisan Tax Policy Center. On average, taxes would go down for families making more than $50,000 a year, while taxes would...

  • MUMBAI, March 23- India's finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to heads of lenders seen by Reuters on Thursday. The cash would be deposited with the Reserve Bank of India, and revives a proposal issued by the central bank in 2014 as...

  • WASHINGTON— One would-be White House employee has been prevented from starting work because of a deal with China, while another White House employee has been with President Donald Trump from Day One, even though he holds stock in a Chinese bank. The White House says hedge fund manager Anthony Scaramucci's deal was far more complicated than economic adviser...

  • March 23- IG Group Holdings Plc, a British online trading company, reported a 3.8 percent fall in quarterly revenue as it earned less per client, especially in the United Kingdom and Ireland. The company, which provides online stockbroking and trading services to retail investors, said revenue fell to 117.4 million pounds for the three months ended Feb. 28, from 122...

  • SHANGHAI, March 23- China stocks ended slightly higher on Thursday, despite a slump in Shanghai B shares amid worries over tight liquidity and stepped-up regulation. Shares traded in Shanghai and Shenzhen exchanges in foreign currency are B shares, while A shares are those denominated in yuan. "The sharp drop in the Shanghai B-share market, is mainly due to...

  • Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether President Donald Trump's ability to deliver on campaign promises of tax and regulatory reforms. HEALTHCARE VOTE: Republican leaders in Congress were looking to Trump to help win over a crucial bloc of conservatives in supporting the American Health Care...

  • SEOUL, March 23- Recent moves by China to restrain South Korean businesses, seen as retaliation for the deployment of a U.S. anti-missile system, will be negative for South Korea's economy, the head of the central bank said on Thursday. China is South Korea's largest trading partner and the dispute over the Terminal High Altitude Area Defense anti-missile system...

  • BEIJING— A spokesman for China's commerce ministry confirmed Thursday his government has banned imports of Brazilian beef. Brazil's agriculture minister said earlier China suspended imports after investigators accused Brazilian inspectors of taking bribes to overlook expired meat and chemicals. Other governments including the European Union, Japan...

  • SEOUL, March 23- South Korea's central bank governor said on Thursday the fresh bailout plan for Daewoo Shipbuilding& Marine Engineering Co Ltd was "inevitable" when considering the consequences of letting the company go under. "There are many varying opinions, but when we look at the economic loss that could occur as a result of the company going bankrupt, there is...

  • TOKYO, March 23- Singapore- based fund Effissimo, established by former colleagues of Japan's most famous activist investor, Yoshiaki Murakami, has become the largest shareholder in Toshiba Corp with an 8.14 percent stake, a regulatory filing showed on Thursday. Effissimo Capital Management is closely watched in Japan because of its passing connection with...

  • HANOI, Vietnam— Vietnam and Singapore have signed several business agreements as the island state seeks to boost investment and trade with the communist country during a visit by Prime Minister Lee Hsien Loong. "With more intensive business links and with more tourism between both sides, travel between Vietnam and Singapore has increased substantially," Lee...

  • *Asia higher but markets edgy about U.S. growth prospects. European markets are poised for a stronger start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 to open 0.1 percent higher, Germany's DAX to be up 0.4 percent and France's CAC 40 to begin the day 0.2 percent higher. Having weakened as much as 0.4 percent a day earlier, sterling was...