Wires

  • CHINA'S XI SAYS 2016 GDP EXPECTED AT 6.7 PCT, MISSING SET TARGET BUT AMONG HIGHEST AMONG MAJOR ECONOMIES.

  • *Ukraine sold Russia $3 bln bond weeks before government change. LONDON, Jan 16- A $3 billion dispute between two adversarial governments will come to a head in an English court on Tuesday when Russia and Ukraine meet for a first hearing in their legal battle over a politically charged eurobond. Fast-forward through a pro-Western change of government in Kiev,...

  • CHINA'S XI SAYS CHINESE ECONOMY IS PERFORMING STEADILY OVERALL.

  • CHINA'S PRESIDENT SAYS HE WILL RESIST PROTECTIONISM.

  • CHINA'S PRESIDENT SAYS HE WILL RESIST PROTECTIONISM.

  • BERN- CHINESE PRESIDENT SAYS WORLD ECONOMIC RECOVERY STILL WEAK, CHINA WILL MAKE ITS CONTRIBUTION TO WORLD ECONOMIC RECOVERY.

  • LONDON, Jan 16- Emerging stocks registered their biggest daily fall in nearly a month on Monday and currencies broadly weakened with Turkey's lira falling again as investors showed nerves ahead of President-elect Donald Trump's inauguration. MSCI's emerging stock index fell 0.7 percent with some heavyweight exchanges in Asia such as Hong Kong, Taiwan down...

  • *China same-store sales up close to 20 pct in Q4. BERLIN, Jan 16- German fashion house Hugo Boss said 2016 operating profit would fall less feared following a fourth-quarter sales recovery in China and Britain, sending its shares as much as 10 percent higher on Monday. Revenue in Asia, where Hugo Boss makes almost a fifth of sales, rose a currency-adjusted 5 percent in...

  • *Audi, Mercedes-Benz and BMW proceeding with Mexico production. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax, "Trump said in remarks translated into German. "I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35 percent tax, then you can forget that," Trump said.

  • *Fall in Dec outbound deals comes as Beijing steps up checks of capital outflows. BEIJING, Jan 16- China's non-financial outbound direct investment in December fell 39.4 percent from a year earlier, hitting its lowest in 2016 amid heightened controls from authorities to curb capital outflows. Outbound investment hit $170.1 billion in 2016, up 44.1 percent...

  • *Nickel retreats again after Indonesia lifts export ban. LONDON, Jan 16- Copper eased on Monday as a stronger dollar prompted some investors to cash in gains after last week's upbeat Chinese and U.S. data lifted the metal to a five-week high overnight. "This is probably just a bit of a pause for breath," said Cantor Fitzgerald analyst Asa Bridle.

  • *Nickel retreats again after Indonesia lifts export ban. LONDON, Jan 16- Copper eased on Monday as a stronger dollar prompted some investors to cash in gains after last week's upbeat Chinese and U.S. data lifted the metal to a five-week high overnight. "This is probably just a bit of a pause for breath," said Cantor Fitzgerald analyst Asa Bridle.

  • *U.S. economy seen outperforming global growth in 2017. HONG KONG, Jan 16- Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz's Mohamed A. El-Erian said on Monday. The outlook for the global economy in 2017 will be similar to that for...

  • *London studio to focus on multiplayer online games. HELSINKI, Jan 16- Finnish mobile games and animation company Rovio Entertainment is stepping up its hunt for new hit games by opening a studio in London to focus on multiplayer games that would not rely on the company's Angry Birds brand. Rovio is now looking to build a team of about 20 people in London to create "...

  • *Sterling falls sharply day before speech from UK PM May. *European shares fall, FTSE's record rally under threat. LONDON, Jan 16- Investors bailed out of sterling and stock markets in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over the terms of Britain's divorce from the European Union undermined appetite for risky...

  • LONDON, Jan 16- Britain said on Monday it will carry out tests on the Jeep Grand Cherokee model following U.S. accusations carmaker Fiat Chrysler Automobiles mislead regulators on diesel car emissions. "We have instructed our Market Surveillance Unit to undertake testing on one of these vehicles at the earliest opportunity," a spokesman at the Department for...

  • LONDON, Jan 13- Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers. The so-called "reflation trade," which has lifted U.S. and UK stock markets to record highs, began...

  • DUBAI, Jan 16- Iran's oil minister said that he was confident the OPEC and non- OPEC members would commit to the output cut deal agreed in November, noting that prices of oil would rise further as a result. "I am certain that the OPEC and non- OPEC members will cut oil output as committed. The Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output...

  • BEIJING, Jan 16- China's non-financial outbound direct investment slid 39.4 percent year on year in December to $8.41 billion, the commerce ministry said on Monday.

  • LONDON— The British pound fell to a three-month low on Monday amid reports Prime Minister Theresa May is about to set the U.K. on the road to a clean break with the European Union, pushing the country into uncertain economic territory. It has lost about a fifth of its value since Britain voted in June to leave the EU. Her office says she will call for a "global Britain"...