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Wires

  • SAO PAULO, May 29- Brazil's economy grew around 0.7 percent in the first quarter versus the previous one and will likely end the year in positive territory despite a dip in the second quarter, Finance Minister Henrique Meirelles said on Monday. Speaking to foreign reporters, Meirelles said the government has no alternative plan to its proposed pension reform,...

  • MONTREAL/ OTTAWA, May 29- Canadian National Railway Co and a union representing 3,000 conductors on Monday reached an agreement in principle ahead of a looming strike deadline at Canada's largest railroad, said a top union official. "They are working on the final language," Teamsters Canada Rail Conference president Doug Finnson said by telephone.

  • MONTREAL, May 29- Canadian National Railway Co.. ,the country's biggest, and the union representing. "They are working on the final language," Doug Finnson, president of the Teamsters Canada Rail Conference said by telephone.

  • *Canadian dollar at C $1.3459, or 74.34 U.S. cents. The currency traded in a range of C $1.3399 to C $1.3470, with volume the lowest since mid-April due to public holidays in the United States, Britain and China. "Everything is subdued," said Alphonso Esparza, senior market analyst at OANDA Corp, adding that he expects the Canadian currency to be pressured by mixed to...

  • TORONTO, May 29- Canada's main stock index edged higher on Monday in light trading volume, as gains for several big banks that reported earnings last week offset losses for resource stocks. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 4.98 points, or 0.03 percent, at 15,421.91. Five of the index's 10 main groups rose.

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage business. Freight Management Association of Canada wrote to Labour Minister Patty Hajdu on Sunday asking her to impose binding arbitration to...

  • SANTO DOMINGO, May 29- Nearly a dozen people, including current and former top officials, were arrested in the Dominican Republic early Monday for ties to $92 million in bribes paid by the Brazilian construction company Odebrecht to obtain public works contracts. Those arrested included Victor Diaz Rua, who had previously served as the country's public works...

  • CARACAS, May 29- The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country. Venezuela's Information Ministry, which fields queries on behalf of the...

  • BUENOS AIRES, May 29- A strike by one of the labor unions at Barrick Gold Corp's Veladero mine in Argentina, the site of three cyanide solution spills in 18 months, has ended, the company said on Monday. The government of Argentina's San Juan province, where Veladero is located, said earlier this month that it had approved a plan for improving safety following the...

  • BRUSSELS, May 29- Gazprom and the European Commission need further talks to assess the Russian gas giant's compliance with EU competition law, they said after a meeting on Monday in Brussels. Gazprom's deputy chief executive, Alexander Medvedev, met EU antitrust chief Margrethe Vestager to discuss concessions aimed at ending a six-year-long investigation...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage business. Freight Management Association of Canada wrote to Labour Minister Patty Hajdu on Sunday asking her to impose binding arbitration to...

  • CARACAS, May 29- The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country. Goldman and Venezuela's Information Ministry, which fields queries on behalf...

  • May 29- Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC- led push to tighten supply. The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.

  • *MS-21 first jetliner using composite wings without autoclaves. PARIS, May 29- Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future. The MS-21, a new single aisle airliner produced by...

  • MILAN, May 29- Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state. Italy's fourth biggest bank had 26 billion euros in gross defaulting debts at the end of last year and has set a June 28 deadline for the...

  • SANTO DOMINGO, May 29- Nearly a dozen officials and businessman in the Dominican Republic were arrested early Monday in relation to $92 million in bribes paid by the Brazilian construction company Odebrecht to obtain public works contracts. In a press conference at the Justice Ministry, Attorney General Jean A. Rodriguez announced the names of the 14 people,...

  • ATHENS, May 29- Greece's creditors need to reach a deal on debt relief measures at the next meeting of euro zone finance ministers in June to help the country return to bond markets, its finance minister said on Monday. Greece adopted the package to try to coax the IMF into participating in its 86- billion-euro bailout and to qualify for debt relief.

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...