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Wires

  • LONDON, March 24- Big bond funds are becoming increasingly reluctant to lend to the euro zone's weakest members, looking past a crowded electoral calendar to an eventual winding down of the European Central Bank's ultra-loose monetary policy. In recent months, the funds have been hiking the premiums they demand to buy bonds from highly-indebted southern...

  • CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for May delivery was 4.60 cents higher at $4.2560 a bushel; May corn was up. 40 cent at $3.5720 a bushel; May oats was up 1 cent at $2.49 a bushel while May soybeans lost 8.20 cents to $9.8260 a bushel. April live cattle was. 30 cent higher at $1.2208 a pound; March feeder cattle...

  • *Net loss narrows to 540.5 mln yuan. HONG KONG, March 24- Chinese photo app owner and. was down by 24 percent, the company reported on Friday, in its first results since its shares made their market debut in Hong Kong in December.

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...

  • The Dow Jones industrial average added 37 points, or 0.2 percent, to 20,693. The Nasdaq composite jumped 33 points, or 0.6 percent, to 5,850. The Russell 2000 index of smaller-company stocks advanced 7 points, or 0.5 percent, to 1,360.. The S&P 500 is on track for its biggest weekly loss this year. Chipmaker Micron Technology surged $2.49, or 9.4 percent, to $28.96...

  • LONDON, March 24- Big changes are looming in the way investment banks finance research. New rules, known as the Markets in Financial Instruments Directive, or MiFID II, will require the banks to charge fund managers an explicit fee for research rather than bundling the cost into trading commissions charged to clients, as at present. The new rules take effect in...

  • March 24- Halliburton Co, the world's No. 2 oilfield services provider, warned that its first-quarter profit would likely miss analysts' expectations due to higher costs and weak demand in markets outside North America. Shares of the company, which forecast higher revenue from its U.S. land operations, were up about 1 percent in early trading on the New York Stock...

  • TORONTO, March 24- Canada's main stock index rose on Friday, led by financial and energy shares as oil prices gained and after TransCanada Corp said the U.S. Department of State issued a presidential permit for the construction of the Keystone XL oil pipeline. The gains came as investors awaited a vote on a U.S. healthcare bill, seen as a test of President Donald...

  • BRASILIA, March 23- Brazil's Central Bank forecast a larger current account deficit for this year of $30 billion on Friday, compared to a previous projection of $28 billion, as it expects more spending by Brazilians abroad and higher profit remittances by multinational companies. Brazil's current account deficit widened more than expected in February to...

  • President Donald Trump's administration on Friday:. Steadfast opposition from the House's conservative Freedom Caucus as well as Republican moderates have put Trump's art-of-the-deal skills to the test. Trump will make an announcement on TransCanada Corp's Keystone XL pipeline on Friday morning, after the company said the Department of State had issued...

  • ZAGREB, March 24- Croatia's government is considering drawing up a law to protect the economy from any problems arising at Agrokor, a major employer that is weighed down by heavy debts, a newspaper and a source close to the government said on Friday. Agrokor, the largest food producer and retailer in the Balkans with revenues equivalent to 15 percent of Croatia's...

  • Leather made with child labor and under dangerous, polluted conditions in Bangladesh went to factories that produced goods for major U.S. and European shoe and handbag brands and companies, according to a report released Friday by New York- based nonprofit Transparentem. He said Transparentem "continues to make the completely false and unsubstantiated...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • EXCLUSIVE-CANYON BRIDGE, LATTICE SEMICONDUCTOR CORP RESUBMIT DEAL FOR REVIEW BY U.S.

  • March 24- Halliburton Co, the world's No. 2 oilfield services provider, indicated its first-quarter profit would likely miss analysts' expectations due to higher costs and weak demand in markets outside North America. The company expects its earnings per share to be in the low-single digits in the quarter ending March, Chief Executive David Lesar said on a...

  • NEW YORK— Passengers say two trains clipped each other during the morning rush at New York City's Penn Station. Some trains were backing up the line into New Jersey. The Fire Department of New York says it was summoned to the scene.

  • Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would work with Congress. White House budget director Mick Mulvaney told ABC it was not clear if Republicans had enough votes but the Republican chairman of the Rules Committee, Pete Sessions, said "I would anticipate...

  • Treasury Secretary Steven Mnuchin said on Friday that he believes financial markets could improve "significantly" once they fully reflect the potential for U.S. economic growth from President Donald Trump's economic policies. Some of those gains were retraced this week as Republicans in Congress faced stiff opposition from conservatives in passing a...

  • *IMF says further actions "urgently needed" to boost Nigeria economy- report. *Nigeria is in first recession in 25 years. ABUJA, March 24- The International Monetary Fund is expected to warn Nigeria its economy needs urgent reform, according to a report seen by Reuters that could delay talks over $1.4 billion in much-needed international loans.

  • BRUSSELS, March 24- By upsetting southern Europeans with remarks about drinking and womanising, Eurogroup president Jeroen Dijsselbloem has damaged his hopes of retaining his job and raised the possibility of a round of horse-trading over key economic posts in the euro zone. Known for his firm line on bailout terms for Greece, he was clear favourite until this...