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Wires

  • OPEC to meet in Kuwait for monitoring meeting. West Texas Intermediate crude futures were up 3 cents at $47.73 a barrel by 11:25 a.m. EDT, set for a more than 2 percent loss on the week. The official said the expected drop, in line with OPEC's agreement, could help draw down U.S. inventories that stood at a record 533 million barrels last week- stocks that have in part...

  • WASHINGTON, March 24- The Federal Reserve says it remitted $91.5 billion in profits to the U.S. The central bank had previously estimated in January that it would send $92 billion to the U.S. government. For 2015, the Fed sent a record $97.7 billion to the Treasury.

  • AMSTERDAM, March 24- A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival. Akzo Nobel shares were down 0.1 percent at 77.84 euros on Friday afternoon, well below the 89.6 euros implied by PPG's...

  • OTTAWA, March 24- The Canadian government wants to boost exports by 30 percent over the next eight years, but experts and analysts say the goal is highly ambitious given a series of major challenges facing exporters.rast. In a budget unveiled on Wednesday, Liberal Finance Minister Bill Morneau promised investments in targeted areas such as advanced...

  • BRUSSELS, March 24- The European Commission President Jean-Claude Claude said on Friday euro zone lenders and Greece should reach a technical deal before a meeting of euro zone finance ministers on April 7. The IMF is pushing Greece to adopt such reforms as a condition to join an 86 billion euro bailout programme, so far funded only by euro zone creditors.

  • WASHINGTON— The House health care bill repeals major parts of former President Barack Obama's Affordable Care Act, or ACA, as Republicans push to scale back the federal government's role in health care. Some elements of the Obama-era law are maintained in the House GOP legislation. ACA: About 11 million people are covered by expanded Medicaid in the 31 states...

  • NEW YORK— Apple says purported hacking techniques released by WikiLeaks this week have all been fixed in recent iPhones and Mac computers. Documents released Thursday pointed to an apparent CIA program to hack Apple devices using techniques that users couldn't disable by resetting their devices. The iPhone hack was limited to the 3 G model from 2008.

  • PITTSBURGH— Kraft Heinz Co. has laid off 200 white-collar workers in Canada and the United States. Michael Mullen, the company's senior vice president of corporate and government affairs,, says the company is realigning its administrative functions to be more efficient. Kraft Heinz is dually headquartered in Pittsburgh and Chicago since the Pittsburgh-...

  • LONDON, March 24- Gold was on track for a second weekly gain on Friday as concern about the ability of U.S. President Donald Trump to push legislation through Congress held the dollar near seven-week lows, making bullion cheaper for holders of other currencies. The metal has risen 1.6 percent this week and on Thursday touched $1,253.12, its highest since Feb. 28.

  • As the clock ticks toward a high-stakes vote demanded by Donald Trump to overhaul the U.S. healthcare system, fellow Republicans in Congress scramble to secure enough votes to avoid a loss that could hobble his presidency. Steadfast opposition from the House's conservative Freedom Caucus, as well as Republican moderates, has put Trump's art-of-the-deal...

  • CARACAS, March 24- A Venezuelan auto assembly plant, MMC, hopes to restart output of Hyundai Motor Co vehicles by 2018 after a five-year halt due to a lack of dollars from the government to import parts, a company executive said in an interview. MMC, which assembles and sells Hyundai and Mitsubishi Motors Corp vehicles in Venezuela, plans to sell imported autos in the...

  • MOSCOW, March 24- Russian economic indicators show signs of recovery, which may push gross domestic product higher by 0.4-0.7 percent on the year in the first quarter of 2017, the central bank said on Friday. After a prolonged period of contraction, capital investment, which is considered to be one of the key economic drivers, may increase by 1-3 percent in the...

  • WASHINGTON, March 24- As the clock ticked on Friday toward a high-stakes vote demanded by Donald Trump to overhaul the U.S. healthcare system, fellow Republicans in Congress scrambled to secure enough votes to avoid a loss that could hobble his presidency. The dramatic showdown on the House of Representatives floor follows Trump's decision to cut off...

  • DUBLIN, March 24- Bank of Ireland Chief Executive Richie Boucher will retire before the end of the year after almost a decade in charge of the lender he guided from the brink of nationalization to lead a revival across the sector. Boucher, who joined Ireland's largest lender by assets in 2003, headed its corporate banking and retail divisions before being...

  • CHICAGO, March 24- U.S. soybean futures dropped 1 percent on Friday to their lowest in more than four months on pressure from rising forecasts for already-robust South American harvests, traders said. Wheat futures were mixed, with Chicago Board of Trade soft red winter wheat rising on bargain buying following four straight days of declines, while K.C. hard red...

  • *U.S. indexes post modest gains, European shares edge lower. NEW YORK, March 24- U.S. shares edged higher and European shares slipped on Friday as investors were on tenterhooks awaiting the outcome of a vote in Washington on healthcare reform, seen as pivotal for U.S. The back-and-forth over the bill has led to some of the choppiest trading Wall Street has seen since...

  • US TREASURY YIELDS FALL TO SESSION LOWS, 10- YEAR YIELDS DROP TO 2.40 PERCENT.

  • *Greece estimates it at 3.5 pct, higher than 0.5 pct target. BRUSSELS, March 24- Euro zone lenders estimate Greece had a primary surplus between 2 and 3 percent of its gross domestic product last year, much higher than the target set under its bailout programme and more than previously forecast, an EU official told Reuters on Friday. Under Greece's 86 billion euro...

  • WASHINGTON/ CALGARY, March 24- U.S. The approval reverses a decision by former President Barack Obama to reject the project, but fresh obstacles loom: To get built, TransCanada will need to win financing, acquire local permits, and fend off likely legal challenges. Trump announced the presidential permit for Keystone XL at an event at the White House attended by...

  • March 24- SeaWorld Entertainment Inc said China's Zhonghong Zhuoye Group Co Ltd would buy Blackstone Group LP's stake in the embattled U.S.-based marine park operator, sending SeaWorld' s shares up 10 percent in morning trading on Friday. Blackstone, which bought SeaWorld in 2009 for $2.3 billion, has been reducing its stake in the company since taking it...