Wires

  • LONDON, Jan 23- Britain's steel industry needs a comprehensive government strategy to boost the sector, which must be a priority in negotiations on Britain's exit from the European Union, a cross-party parliamentary report said on Monday. Kinnock's constituents include workers at the Port Talbot plant, Britain's biggest steel facility, owned by Tata Steel UK,...

  • *OPEC, non- OPEC ministers say complying with output cuts. NEW YORK, Jan 23- Oil prices fell nearly 2 percent on Monday as signs of a strong recovery in U.S. drilling overshadowed news that OPEC and non- OPEC producers were on track to meet output reduction goals set in December. "Despite comments over the weekend at the OPEC compliance meeting that cuts in OPEC/ non- OPEC...

  • CHICAGO— Grain futures were mixed Monday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.60 cents higher at $4.31 a bushel; March corn was down 1.20 cent at $3.6840 a bushel; March oats was up 4 cents at $2.6660 a bushel while January soybeans lower 6.60 cents to $10.6060 a bushel. February live cattle was. 13 cent higher at $1.2038 a pound;...

  • LONDON, Jan 23- Lower trading volumes and a lack of strategy created a crisis that led to the resignation of London Metal Exchange Chief Executive Garry Jones after three years at the helm of the world's largest and oldest metals market, metal industry sources say. Jones was appointed in August 2013 and his departure follows that of Chief Operating Officer...

  • *Sterling rises ahead of Supreme Court decision. NEW YORK, Jan 23- The dollar fell to a seven-week low against a currency basket on Monday, weighed by concerns about the early days of U.S. "The new Trump administration did little to reassure nervous investors that the direction of the government will be more towards growing the economy and less toward the divisive...

  • GRIFFIN, Ga.— A lawsuit claiming Snapchat's "speed filter" tempted a woman to drive too fast before she crashed into a couple's car has been dismissed by a judge who says the Communications Decency Act provides the social media company with immunity. Wentworth and Karen Maynard sued Snapchat and the driver, Christal McGee, in Spalding County State Court in April.

  • "Relying on questions and answers is absolutely brain-dead, but a lot of banks do it because they're not equipped to implement anything else and regulators aren't mandating alternatives," says security expert Avivah Litan, vice president and analyst at Gartner Inc.. "No security measure is perfect, but knowledge-based authentication is certainly more...

  • President Donald Trump met with a dozen prominent American manufacturers at the White House on Monday, promising them he would slash regulations and cut corporate taxes, but warning them of penalties if they moved production outside the country. Trump, who took office on Friday, promised to bring manufacturing plants back to the United States during his...

  • President Donald Trump met with a dozen prominent American manufacturers at the White House on Monday, promising them he would slash regulations and cut corporate taxes, but warning them of penalties if they moved production outside the country. Trump, who took office on Friday, promised to bring manufacturing plants back to the United States during his...

  • SAO PAULO, Jan 23- Latin American currencies strengthened on Monday as traders sought further clarity on U.S. The peso had strengthened on Friday after Trump refrained from specifically mentioning Mexico in his inauguration speech after promising to renegotiate U.S. trade deals with the neighboring country throughout his campaign. Trump said on Sunday he...

  • LONDON, Jan 23- British Prime Minister Theresa May has set out the first details of a "Modern Industrial Strategy" designed to adapt the economy for a post-Brexit era and revitalise areas of the country left behind by decades of decline in manufacturing. Below are the 10 "strategic pillars" that the government says will guide the policy as it is formed, and some of the...

  • TORONTO, Jan 23- Canada's main stock index fell on Monday as energy companies retreated along with lower oil prices, while mining shares bucked a broadly weaker trend on higher metal prices. At 10:21 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 49.07 points, or 0.32 percent, at 15,498.81. Teck Resources Ltd advanced 2.2 percent to C...

  • Republican Senator Marco Rubio on Monday said he will vote to back President Donald Trump's nominee for secretary of state, Rex Tillerson, despite the former Exxon Mobil Corp CEO's "troubling" responses before lawmakers regarding Russia. Tillerson's nomination in committee and in the full Senate, "Rubio said in a statement posted on Facebook ahead of the...

  • WASHINGTON, Jan 23- The largest lobbying organization for pharmaceutical companies began running TV ads on Monday morning to improve the industry's image as criticism from U.S. The industry is touting developments in science by pharmaceutical companies and will spend "tens of millions" on television commercials, according to an announcement on Monday by...

  • WASHINGTON, Jan 23- The largest lobbying organization for pharmaceutical companies began running TV ads on Monday morning to improve the industry's image as criticism from U.S. The industry is touting developments in science by pharmaceutical companies and will spend "tens of millions" on television commercials, according to an announcement on Monday by...

  • COPENHAGEN, Jan 23- Companies whose shareholders include Norway's $885 billion sovereign wealth fund can expect closer scrutiny of executive pay when the next round of annual investor meetings begins. Egil Matsen, the Norwegian deputy central bank governor in charge of supervising the fund, said it found corporate pay packages "very complex" and that their...

  • Traders also had their eye on the White House as President Donald Trump reaffirmed plans to slash regulations on businesses. TRUMP ON BUSINESS: At a White House meeting early Monday with business leaders, Trump repeated a campaign promise to cut regulations by at least 75 percent. The stock slid $1.41 to $120.85.

  • Still, the sales decline at established McDonald's restaurants in the United States was smaller than analysts had expected. Comparable international restaurant sales also beat analysts' expectations due to a strong performance in the UK, China, Japan and certain markets in Latin America. The all-day breakfast debuted in October 2015- selling McMuffin...

  • LONDON, Jan 23- Britain's government on Monday unveiled a new interventionist approach to rebalance its heavily services-based economy for the post-Brexit era, in a break with traditional Conservative laissez-faire economic policy. Prime Minister Theresa May's "Modern Industrial Strategy" demands closer collaboration in key industries in exchange for...

  • *Companies to sell $20- $25 bln in high-grade debt- IFR. Treasury yields slipped on Monday as investor jitters over President Donald Trump's tough stance on trade spurred safe-haven demand for bonds ahead of $88 billion in government debt supply this week. He also plans to sign an executive order to renegotiate the free trade agreement between the U.S., Canada and...