Wires

  • PARIS, Jan 19- French spirits group Remy Cointreau said on Thursday that sales growth accelerated in the third quarter, beating market expectations, driven by robust demand in the United States, its top market, and improving sales in China. Similar to other spirits makers, including larger rivals Diageo and Pernod Ricard, Remy Cointreau has faced pressure on...

  • LAUNCESTON, Australia, Jan 19- One of the consequences of the cuts to crude oil supply by OPEC and its allies has been the sharp narrowing of the premium that light crude commands over heavier grades. The Brent- Dubai exchange for swaps, which tracks the difference between Brent, global benchmark for light crude, and Dubai, main price marker for heavier oil in the...

  • TOPEKA, Kan.— A push in Kansas to end an income tax break championed by Gov. Sam Brownback is being led by fellow Republicans in the GOP- controlled Legislature. Kansas is one of several states that include Indiana and Oklahoma where budget woes are severe enough that legislators are reconsidering past tax cuts.

  • PARIS, Jan 19- France's Safran said on Thursday it had launched an agreed cash offer worth 29.47 euros per share for aircraft seats manufacturer Zodiac Aerospace to create the world's third largest aerospace supplier. Safran, which saw a preliminary offer rejected by family-controlled Zodiac in 2010, announced the move three months after Zodiac's main...

  • *Investors in Asia bet on boost from U.S. infrastructure spending. President-elect Donald Trump's inauguration this week, investors in Asian assets are warily betting he won't make good on his promise to create $1 trillion of new infrastructure over the next 10 years. "If interest rates get very high, and things get overheated, then we come back to," said Josh Crabb,...

  • *Bidders want court-led turnaround for Japan ops- source. TOKYO, Jan 19- U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. Shares in Takata closed 17.3 percent lower, falling by their daily...

  • The State Administration of Foreign Exchange said on Thursday China's commercial banks sold a net $46.3 billion of foreign exchange in December, the highest since January 2016.

  • DAVOS, Switzerland, Jan 19- Business leaders in Davos, traditionally the high priests of globalisation, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. Elected on a jobs-focused "America First" platform, Trump has taken to Twitter to rebuke major companies like General Motors, Lockheed Martin and...

  • SAN FRANCISCO/ NEW YORK, Jan 19- This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers. Snap Inc, Snapchat's parent company, is eyeing a spring debut that may peg its value as high as $25 billion, sources have told Reuters.

  • President-elect Donald Trump criticized United Technologies Corp's Carrier unit in November for its plan to move some 800 jobs to Mexico, the parent-company made a swift decision to keep the factory in Indiana. "We're going to make up $16 million investment in that factory in Indianapolis to automate, to drive the cost down so that we can continue to be...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighbouring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighbouring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighboring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • BEIRUT, Jan 19- After years of political deadlock, Lebanon finally has a new government. Battered by war in neighboring Syria, neglected by wrangling politicians and caught in rivalry between Saudi Arabia and Iran, the pillars of the economy- remittances from overseas workers, tourism and real estate- are not what they were. Long-term, Lebanon is searching for new...

  • WASHINGTON, Jan 19- President-elect Donald Trump's choice for Treasury secretary, Steven Mnuchin, will defend his banking record in the aftermath of the financial crisis on Thursday and sell senators on why he should be given stewardship of the U.S. financial system. Mnuchin, a former Goldman Sachs executive, hedge fund manager and Hollywood film financier,...

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • Jan 19- Wall Street banks once earned huge profits by encouraging bond traders to swing for the fences, but their fourth-quarter results show how dramatically that model has changed. Revenue from the business contributed $11.7 billion to the collective top line of Wall Street's five biggest banks, up 46 percent from the year-ago period. "There has been a rebuff...

  • SYDNEY, Jan 19- BHP Ltd, its partner Vale SA and Samarco have reached an agreement with Brazil authorities to settle a $47.5 billion civil claim over the Samarco iron ore mine disaster, the companies said on Thursday. Operations at the Samarco mine were suspended in 2015 after the collapse of a dam holding mining waste, or tailings. The rupture killed 19 people and...

  • SEOUL, Jan 19- South Korea's special prosecutor's office said on Thursday it has not decided whether to make another arrest warrant request for Samsung Group leader Jay Y. Lee after a court rejected its first request. Special prosecution spokesman Lee Kyu- chul said Lee has argued that he is a victim of coercion due to pressure from President Park Geun-hye but...

  • HONG KONG, Jan 19- Green bond issuance worldwide could cross $200 billion in 2017, doubling the 2016 record, as it continues to be driven by the Paris climate agreement, China's clean energy campaign, as well as new issuers and structures, rating agency Moody's said on Thursday. China- based issuers were the biggest source of these bonds in 2016 accounting for $32.9...