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Wires

  • *Australia stocks highest since mid-2015, Asia up modestly. *Pound under pressure as UK formally starts Brexit. The cheerful mood did not extend to the pound which was on the skids as the British government sent a letter to Brussels formally starting the country's exit from the European Union.

  • SEOUL, March 29- South Korean chipmaker SK Hynix Inc is in talks with Japanese financial investors about forming a consortium and jointly bidding for Toshiba's memory chip business, Korea Economic Daily reported on Wednesday citing unnamed sources. The paper said SK Hynix, the world's No. 2 memory chip maker behind Samsung Electronics Co Ltd, plans to submit a...

  • LONDON- Bank of England Executive Director, Chris Salmon speaks at Foreign Exchange Industry event in London. FRANKFURT- European Central Bank Executive Board Member Peter Praet delivers speech at the "2017 Harvard Law Europe- US Symposium on International Financial Systems"- 1750 GMT. NEW YORK- Federal Reserve Bank of San Francisco President John Williams...

  • 29- Mar United States Sale of 2- year floating rate notes 29- Mar United States Sale of 7- year notes 29- Mar Italy Bills auction 29- Mar Sweden Auction of Treasury bills 29- Mar Norway Auction Treasuries 30- Mar Italy Medium-Long Term auction 30- Mar Japan Auction of 2- year government bonds. 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan...

  • 29- Mar United States Sale of 2- year floating rate notes 29- Mar United States Sale of 7- year notes 29- Mar Italy Bills auction 29- Mar Sweden Auction of Treasury bills 29- Mar Norway Auction Treasuries 30- Mar Italy Medium-Long Term auction 30- Mar Japan Auction of 2- year government bonds. 4- Apr United Kingdom Auction of 1 1/ 4% Treasury Gilt 2027 4- Apr Japan...

  • LONDON- Bank of England Executive Director, Chris Salmon speaks at Foreign Exchange Industry event in London. FRANKFURT- European Central Bank Executive Board Member Peter Praet delivers speech at the "2017 Harvard Law Europe- US Symposium on International Financial Systems"- 1750 GMT. NEW YORK- Federal Reserve Bank of San Francisco President John Williams...

  • WASHINGTON, March 28- President Donald Trump told a group of senators on Tuesday that he expects lawmakers will be able to reach a deal on healthcare. "I have no doubt that that's going to happen very quickly," Trump said at a bipartisan reception held for senators and their spouses at the White House. "I think it's going to happen, because we've all been promising-...

  • WASHINGTON, March 28- Wells Fargo& Co has flunked a U.S. regulatory test on a national scorecard for community lending, the bank said on Tuesday, as it tries to repair its reputation after a phony-accounts scandal. The Office of the Comptroller of the Currency deemed Wells Fargo a bank that "needs to improve" under the Community Reinvestment Act, a law meant to promote...

  • MANAGUA, Nicaragua— Nicaragua's Supreme Court has rejected a farmer group's appeal seeking to block a proposed $50 billion interoceanic canal. President Daniel Ortega's government says a canal would create tens of thousands of jobs and stimulate the poor Central American nation's economy. The farmers group criticized the ruling and announced another...

  • The House votes 215-205 to repeal regulations requiring internet service providers to do more to protect customers' privacy than websites like Alphabet Inc's Google or Facebook Inc after the White House said it strongly supported the move. U.S. Senate Majority Leader Mitch McConnell says the Senate will have a final vote on April 7 on Trump's Supreme Court...

  • NEW YORK, March 28- Groups of Puerto Rico's creditors issued a rare joint letter late on Monday opposing a plan designed to steer the island out of financial crisis, stoking friction between the U.S. territory, its investors and the board tasked with managing its finances. In a letter to the federally appointed oversight board, creditors with exposure to $12...

  • President Donald Trump said Tuesday he was ushering in "the start of a new era" in energy production by signing an executive order that seeks to block, reverse or review several of President Barack Obama's initiatives to limit climate change. A new era in U.S. energy began a decade ago, when drilling companies used new techniques to extract vast amounts of natural...

  • ANNISTON, Ala.— An Alabama man says in a federal lawsuit that grease and sewage from a nearby Waffle House seeped onto his property, doing thousands of dollars in damage. Mack Crook Jr. of Anniston is seeking a total of $800,000 from Norcross, Georgia- based Waffle House Inc.. At issue is a Waffle House in Anniston that's adjacent to Crook's property.

  • NEW YORK, March 28- BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market. Last May, BlackRock said it had recruited Mark Wiseman, the head of Canada's biggest public pension...

  • NEW YORK, March 28- BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the market. Last May, BlackRock said it had recruited Mark Wiseman, the head of Canada's biggest public pension...

  • MORGANTOWN, W.Va., March 28- The impact of the new Trump administration's effect on the economy remains too uncertain for the U.S. The collapse of the healthcare overhaul effort on Friday has, if anything, made the U.S. central bank's job harder as it tries to tease out what set of policies may make it through Congress. "We are just going to have to wait and see," Powell said...

  • NEW YORK, March 28- A congressional subcommittee on Tuesday urged Puerto Rico Governor Ricardo Rossello to finalize an $8.9 billion debt restructuring at the island's power utility, PREPA, before a deadline to close the deal expires on Friday. In a letter to Rossello, California Republican Doug LaMalfa, who chairs the U.S. House Subcommittee on Indian, Insular...

  • The White House said earlier Tuesday that President Donald Trump strongly supports the repeal of the rules approved by the Federal Communications Commission in October under then-President Barack Obama. The White House in its statement said internet providers would need to obtain affirmative "opt-in" consent from consumers to use and share certain...

  • *To pay $110 mln to settle lawsuit over retail sales practices. March 28- Wells Fargo& Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his job. The lawsuit dates from May 2015, sixteen months before Wells Fargo...

  • FORT LAUDERDALE, Fla. _ Seacor Holdings Inc. on Tuesday reported a loss of $93.7 million in its fourth quarter. The Fort Lauderdale, Florida- based company said it had a loss of $5.52 per share. Seacor shares have dropped 5.5 percent since the beginning of the year.