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Wires

  • *Spot gold was mostly unchanged at $1,254.12 per ounce at 0102 GMT, after touching $1,261.03, the highest in a month, in the previous session. *Dallas Federal Reserve Bank President Robert Kaplan said on Monday that he will support further interest rate hikes if the U.S. economy continues to make progress towards its goals of full employment and 2- percent...

  • MEXICO CITY— The U.S. cruise ship line Holland America says it has halted port calls at Mexico's troubled resort city of Acapulco and will sail to other destinations in the country "due to recent security concerns." The Seattle- based Holland America says in a statement Monday that eight cruises which once stopped in Acapulco will instead go to other Mexican...

  • HONG KONG/ SHANGHAI, March 28- China Southern Airlines Co Ltd said on Tuesday it would issue HK $1.55 billion worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier. In a filing to the Hong Kong stock exchange, China Southern said it would issue 270.61 million Hong Kong- listed H-shares, representing...

  • SINGAPORE, March 28- Oil prices edged up on Tuesday on a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC- led supply cut is big enough to rebalance the market. Prices for front-month Brent crude futures, the international benchmark for oil, had risen 15 cents from their last close to $50.90 per...

  • MELBOURNE, March 28- London copper held on Tuesday above more than two-week lows hit in the previous session, as worries eased over President Donald Trump's ability to push through economic reform. *LONDON COPPER: Three-month copper on the London Metal Exchange climbed 0.7 percent to $5,798 a tonne by 0105 GMT, reversing a loss from the previous session when...

  • WASHINGTON, March 27- A member of President Donald Trump's transition team, Makan Delrahim, will be nominated to head the U.S. Justice Department's Antitrust Division, the White House said on Monday. Delrahim is expected to move to the Justice Department after finishing up in the White House counsel's office, where he has worked to steer Supreme Court nominee...

  • SINGAPORE, March 28- Asian stocks pulled ahead on Tuesday after Wall Street steadied and the dollar bounced from a four-month-low, as concern over Donald Trump's setback on his healthcare reform bill gave away to tentative hopes for the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent in early trade. Risk appetite had...

  • SAO PAULO, March 27- Vale SA surprised investors with the appointment of Fabio Schvartsman as chief executive officer on Monday, choosing a commodities industry veteran to lead transformation of the world's No. 1 ore producer into a company with dispersed share ownership. Schvartsman, who has been the CEO of Klabin SA, Brazil's largest paper and cardboard...

  • A Russian bank under Western economic sanctions over Russia's incursion into Ukraine discloses that its executives had met Jared Kushner, Trump's son-in-law and a top White House adviser, during the 2016 election campaign. Kushner, already a White House senior adviser, will take on the additional task of overseeing an effort to overhaul the federal...

  • LONDON, March 27- Hedge funds have unwound much of the concentration of bullish positions that contributed to a fall in oil prices this month, suggesting a broader range of views about where prices go next. Hedge funds and other money managers now hold a combined net long position in Brent and WTI of 684 million barrels, down from a record 951 million on Feb. 21, though...

  • RIO DE JANEIRO, March 27- Brazil ordered three more food processing plants to suspend production on Monday amid an investigation into alleged corruption in its meat industry as the world's biggest beef exporter sought to regain the trust of consumers. Brazil's center-right government is hoping countries that imposed bans on Brazilian meat products...

  • CARACAS, March 27- Venezuela will create a new currency exchange mechanism to replace the DICOM rate, also known as SIMADI, President Nicolas Maduro said late on Monday in a televised speech. The country currently has two official exchange rates, DIPRO at 10 and SIMADI at 709 bolivars per dollar. On the black market, however, a dollar can fetch for more than 3,000...

  • SHANGHAI, March 28- The northeastern Chinese province of Liaoning has promised to close more than 10 million tonnes of low-grade steel capacity by the end of June this year as part of its efforts to clean up the sector, the official Liaoning Daily reported on Tuesday. Heavy industrial Liaoning, home to struggling state steel mills like the Anshan Group and the...

  • WASHINGTON, March 27- A member of President Donald Trump's transition team, Makan Delrahim, will be nominated to head the U.S. Justice Department's Antitrust Division, the White House said on Monday. Delrahim is expected to move to the Justice Department after finishing up in the White House counsel's office, where he has worked to steer Supreme Court nominee...

  • Energy Secretary Rick Perry pushed for opening Nevada's Yucca Mountain nuclear waste site in a meeting with the state's governor on Monday, but the local leader said he remains staunchly opposed to the project. Most of Nevada's politicians question the long-term safety of the site and the transportation of radioactive waste through the state.

  • VILNIUS/ TAIPEI, March 28- Taiwan- based electronics manufacturer Quanta Computer Inc has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million. He was arrested this month in Lithuania at the request of U.S. authorities and is currently in jail there. Rimasauskas' alleged...

  • TOKYO, March 28- The dollar limped away from multi-month lows against its major peers early on Tuesday as the previous day's rout petered out, but the U.S. currency remained on shaky ground with much of the lift from the "Trump trade" now gone. The greenback had taken a beating as market participants saw the prospects for a U.S. fiscal spending boost from President...

  • TOKYO, March 28- Japanese Finance Minister Taro Aso said on Tuesday he did not want to comment on media reports that Toshiba Corp's U.S nuclear unit, Westinghouse, will file for Chapter 11 bankruptcy protection.

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...

  • MORGANTOWN, United States- Federal Reserve Board Governor, Jerome Powell speaks on " America's Central Bank: This History and Structure of the Federal Reserve" before the West Virginia University College of Business and Economics Distinguished Speaker Series 2030 GMT. ONTARIO- Bank of Canada Governor, Stephen Poloz will give speech at Durham College, UOIT and...