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Wires

  • LONDON, March 27- The dollar slid to a four-month low against a basket of currencies on Monday as concerns rose about the prospects of a U.S. public spending boost under President Donald Trump after he failed to push through a healthcare reform bill. His inability to deliver on a major election campaign pledge marked a big setback for a Republican president whose...

  • BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has unexpectedly risen to a six-year high. The Ifo institute said Monday that its monthly confidence index rose to 112.3 points in March from 111.1 last month. The Ifo institute, which surveys some 7,000 companies for its monthly index, said the survey hit its...

  • BERLIN, March 27- German business morale brightened unexpectedly in March, a survey showed on Monday, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 112.3...

  • LONDON— Tim Barlow pushes a green stamp onto the edge of an unfinished plate, leaving behind the words "Made in England." It's still a piece of unglazed gray clay, a far cry from the gleaming decorated disc of Wedgwood Jasperware it will become, but Barlow and his employers are betting those words will be a selling point as Britain begins the process of leaving the...

  • LONDON, March 27- Borrowing costs across the euro zone fell sharply on Monday, as a legislative defeat for U.S. Bond yields in Germany and France fell to their lowest levels in around three weeks in early Monday trade, while elsewhere in the single currency bloc yields tumbled 5-6 basis points as U.S. 10- year Treasury yields hit one-month lows.

  • BRUSSELS— The European Union's presidency says people's privacy must be protected following British calls for police access to encrypted messages in case of attacks. Maltese Interior Minister Carmelo Abela said Monday "there is a fine line here. London attacker Khalid Masood sent a WhatsApp message that can't be accessed because it was encrypted.

  • TOKYO, March 27- Toshiba Corp's U.S nuclear unit could file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, hoping to ring fence losses ahead of the end of its financial year. Separate sources with knowledge of the matter said last Friday Toshiba had informed its main banks that it was...

  • LONDON, March 27- Sterling surged almost 1 percent to a seven-week high against the dollar on Monday, gaining with other major currencies after the failure of a Republican healthcare bill weakened faith in U.S. At the start of a week set to include Britain's formal request to leave the European Union, the pound gained 0.8 percent compared to Friday's close on...

  • Spot gold rose 1.1 percent to $1,258 per ounce by. 0704 GMT after hitting $1,259.14, its highest since Feb. 27. "Looks like some people are not happy with Trump's failure over his promises and we see that currently there is a very bearish mood about the U.S. dollar," said Jiang Shu, chief analyst at Shandong Gold Group.

  • RALEIGH, N.C.— The Associated Press used dozens of interviews and multiple public records requests to determine that North Carolina's "bathroom bill" will cost the state more than $3.76 billion in lost business over a dozen years. A state Commerce Department analysis shows officials expected a planned Charlotte PayPal operations center to contribute more...

  • *Hyundai shuts one plant in China for a week, starting March 24. South Korean companies, from cosmetics firms to retailers, say they are being targeted in China because of Beijing's objections to a planned deployment of the U.S. News of Hyundai's China plant closure, first reported by online media ChosunBiz on Sunday, drove shares of the company down as much as 3...

  • *Mutation very common China, opening big sales opportunity. LONDON, March 27- AstraZeneca has won approval for its lung cancer pill Tagrisso in China, a key market for the potential blockbuster medicine. Tagrisso is designed to help cancer patients with certain genetic mutations that are very common in China and the regulatory green light boosts the British...

  • PARIS— French Guiana is facing a nationwide strike amid mounting protests over crime and economic difficulty that have paralyzed the French territory in South America, halted flights and a rocket launch and prompted a U.S. travel warning. Their protests have already blocked roads to neighboring Brazil and Suriname, and shuttered many businesses and schools.

  • BEIJING, March 27- China's trade deficit in services narrowed to $17.6 billion in February from $20.9 billion in January, the foreign exchange regulator said on Monday. February's deficit was largely due to a $15.7 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than visitors in China, data from the State...

  • SHANGHAI, March 27- China stocks slipped on Monday, as any optimism felt from data showing surging profits at industrial firms was offset by fresh property curbs and signs that monetary policy may be further tightened. Offering fresh signs of China's economic recovery, profits of the country's industrial firms surged 31.5 percent in the first two months of...

  • SEOUL, South Korea— Asian stocks got off to a weak start on Monday as caution among investors prevailed with lingering doubts about the future policy agenda of the new U.S. administration following the health care reform failure. Stocks in Singapore and other Southeast Asian countries were lower. ANALYST'S VIEWPOINT: "For Asian markets, a turbulent start to the...

  • *OPEC, non- OPEC producers review extension of production cuts. SINGAPORE, March 27- Oil prices fell on Monday, pulled down by rising U.S. drilling activity and by doubts whether an OPEC- led production cut initially due to end in mid-2017 would be extended. In the United States, West Texas Intermediate crude futures were down 41 cents, or 0.85 percent, at $47.56 a barrel.

  • March 27- French aerospace equipment maker Latecoere expects recurring operating profits to grow in 2017, as restructuring measures offset an overall decrease in its business. The company said on Monday that it expected business to decline by around six percent in 2017, but nevertheless predicted a slight increase in recurring operating profits.

  • LONDON, March 27- Britain's BT has been fined a record 42 million pounds by the regulator for failing to install high-speed lines for businesses fast enough, in an error that is likely to cost the company around 300 million pounds in compensation. The company, which runs Britain's major telecoms network, misused the terms of its contracts to reduce compensation...

  • RALEIGH, N.C.— The Associated Press has determined that North Carolina's law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years. Still, other measures show North Carolina has a healthy economy estimated at more than $500 billion a year. The federal government reported that North Carolina had one of the...