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Wires

  • The European Central Bank said it will host a meeting of banks on May 4 at its offices in Frankfurt. It will spell out in detail what those moving some of their operations out of London must do to apply successfully for a licence. Ireland's central bank will hold a similar gathering next month to advise groups considering a move to Dublin, which along with Frankfurt,...

  • OTTAWA, April 27- Canadian Prime Minister Justin Trudeau urged U.S. The White House said earlier that Trump told the leaders of Canada and Mexico on Wednesday that he would not terminate the NAFTA treaty at this stage, but would move quickly to begin renegotiating it with them. Any move to break up NAFTA would cause great economic damage to Canada, which sends 75...

  • TORONTO, April 27- Canada's main stock index fell sharply on Thursday as its heavyweight banking and energy sectors took heavy losses, with oil prices weighing and an alternative lender's troubles putting the domestic housing market in focus. Canada's federal housing agency said on Wednesday that Toronto still faces price acceleration, overvaluation and...

  • WASHINGTON, April 27- New orders for U.S.-made capital goods rose less than expected in March, but a second straight monthly increase in shipments suggested business investment accelerated in the first quarter amid a recovering energy sector. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for...

  • FACEBOOK SAYS NATION-STATES CONDUCTING WELL-FUNDED' INFORMATION OPERATIONS' ON THE SERVICE.

  • SAN FRANCISCO, April 27- Facebook Inc acknowledged on Thursday that it has become a battleground for governments seeking to manipulate public opinion in other countries and outlined new measures it is taking to combat what it calls information operations that go well beyond the phenomenon known as fake news. Facebook suspended 30,000 accounts in France...

  • FACEBOOK OUTLINES NEW MEASURES TO COMBAT NATION-STATE EFFORTS TO SWAY PUBLIC OPINION.

  • April 27- Celgene Corp on Thursday reported lower-than-expected first-quarter revenue with Otezla sales well short of Wall Street estimates, but the U.S. biotechnology company promised the psoriasis drug was poised to rebound. It now expects adjusted earnings of $7.15 to $7.30 per share. Cantor Fitzgerald analyst Mara Goldstein agreed that the Otezla...

  • BAYTOWN, Texas— A judge has ordered Exxon Mobil to pay a penalty of nearly $20 million for releasing 10 million pounds of pollutants into the air over the course of eight years from a complex it operates east of Houston. District Judge David Hittner in a ruling Wednesday determined that Texas- based Exxon on thousands of occasions from 2005 to 2013 violated...

  • SANTIAGO, April 27- BHP Billiton is advancing with the sale of its small Cerro Colorado copper mine in Chile and there are a number of interested parties, although finalizing the deal will likely take some months, the mine's union said on Thursday. Cerro Colorado produced 74,000 tonnes of copper last year out of top exporter Chile's total 5.5 million.

  • *Alphabet, Amazon, Microsoft due to report after the bell. April 27- The Nasdaq hit a record intraday high on Thursday, powered by a string of strong earnings from. "The market is focused more on growth and earnings now than what is coming out of the administration," said Ryan Caldwell, chief investment officer at Chiron Investment Management.

  • NEW YORK, April 27- The euro dipped against the U.S. dollar on Thursday after European Central Bank chief Mario Draghi said policymakers did not discuss removing the bank's easing bias on monetary policy, while the dollar jumped against the Swedish crown after the Riksbank extended its bond-buying. "Draghi wasnt hawkish enough, and the markets found that to be...

  • *Companies also expanding manufacturing in Egypt to export. Like other big manufacturers in Egypt, the global food and beverage giant is sourcing more of its raw materials locally to keep a lid on costs and limit price rises as consumers struggle with food inflation running at above 40 percent. The cost of imports has soared in Egypt since the country abandoned...

  • DUNKIRK, N.Y. _ Lake Shore Bancorp Inc. on Thursday reported first-quarter net income of $716,000. Lake Shore Bancorp shares have decreased nearly 4 percent since the beginning of the year. Keywords: Lake Shore Bancorp, Earnings Report.

  • WASHINGTON, April 27- The U.S. Congress began moving to extend Friday's budget deadline until May 5 and was expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown. House Appropriations Committee Chairman Rodney Frelinghuysen introduced a bill on Wednesday to fund...

  • MOSCOW _ Mobile TeleSystems OAO on Thursday reported fourth-quarter net income of $196 million. The Moscow- based company said it had net income of 20 cents per share. For the year, the company reported profit of $727.4 million, or 73 cents per share.

  • PARIS, April 27- OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May reaches consensus, the group's secretary-general said on Thursday in comments pointing to an extension of a global supply cut. As a result, OPEC members including top exporter Saudi Arabia have signalled support for extending the deal at a May...

  • NEW YORK, April 27- Activist shareholder ValueAct Capital said on Thursday it had invested in private equity firm KKR& Co LP after the buyout firm posted stronger-than-expected earnings on a stock market rally that boosted investment returns. ValueAct President Mason Morfit said the $16 billion activist investment firm has economic exposure of less than 5...

  • OTTAWA, April 27- Canadian Prime Minister Justin Trudeau urged U.S. President Donald Trump not to withdraw from NAFTA in a call on Wednesday, saying such a move would be counter-productive, a Canadian source familiar with the matter said on Thursday. Trudeau made the comments after Trump told him he was thinking about pulling out of the North American Free Trade...

  • China's flag carrier on Thursday posted profit attributable to shareholders of 1.47 billion yuan for January to March, down from 2.4 billion yuan during the same period last year. The fortunes of China's largest airlines have risen with the ascent of the Chinese traveller, whose demand for overseas trips have helped make it the world's fastest growing...