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Wires

  • SAN FRANCISCO, May 22- Cyber security firm Symantec Corp said on Monday it was "highly likely" a hacking group affiliated with North Korea was behind the WannaCry cyber attack this month that infected more than 300,000 computers worldwide and disrupted hospitals, banks and schools across the globe. Symantec researchers said they had found multiple instances...

  • *Asia stocks steady after strong Monday gains, Wall Street rise. SINGAPORE, May 23- Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak." If the attack on the concert by U.S....

  • *Move would undermine OPEC- led effort to tighten markets. President Donald Trump proposed the sale of of half of the country's strategic oil reserves in his budget plan, just as producer club OPEC and its allies are cut back output to tighten the market. After rising in Asian morning trading, Brent crude futures reversed their gains and were at $53.71 per barrel at...

  • MELBOURNE, May 23- London copper held near its highest in three weeks on Tuesday as the dollar fell, with focus shifting to an upcoming monthly breakdown of China trade data. *London Metal Exchange copper was flat at $5,706 a tonne at 0135 GMT, after a slightly firmer close in the previous session when it touched the highest since May 3 at $5,720 a tonne.

  • BEIJING, May 23- China said on Tuesday it would "adjust" power prices on a major grid connecting utilities in the west of the country and consumers in the east as part of ongoing reform in its mammoth energy sector. The state planner also said on its website that prices would be adjusted on a grid connecting the western Ningxia region to south China's Zhejiang and...

  • NEW YORK, May 22- Proxy adviser Institutional Shareholder Services has recommended that owners of CSX Corp stock vote in favor of an $84 million payment related to the appointment of new Chief Executive Officer Hunter Harrison. The recommendation is a boon for activist hedge fund Mantle Ridge, which is trying to convince shareholders to agree to the payment.

  • TAIPEI, May 23- Taiwan stocks inched up on Tuesday, led by heavyweights including Taiwan Semiconductor Manufacturing Co Ltd, though gains were capped by worries after British police said they were treating an explosion in Manchester as a possible terrorist attack. The Taiwan dollar firmed T $0.025 to T $30.027 per U.S. dollar. At least 10 people are believed to...

  • RALEIGH, N.C.— A federal judge in North Carolina has tripled the award for more than 50,000 people on the Do Not Call Registry who were contacted by Dish Network, setting up a potential $60 million payout. In January, a jury decided to give $400 to each of the people on the registry, but Judge Catherine C. Eagles ruled Monday that the award should be increased to $1,200...

  • SYDNEY, May 23- U.S. corn extended gains into a third consecutive session on Wednesday after the U.S. Department of Agriculture pegged the pace of planting behind market expectations, pushing prices towards a three-week high. *The most active corn futures on the Chicago Board Of Trade rose 0.1 percent to $3.75-1/ 2 a bushel, having gained 0.7 percent in the previous...

  • May 23- Gold prices were steady on Tuesday despite a blast at a concert in the English city of Manchester that left at least 19 people dead in what British police said was being treated as a terrorist incident. *At least 19 people were killed in a blast at a concert in the English city of Manchester on Monday where U.S. singer Ariana Grande had been performing and two...

  • May 22- The following are stories and tables about President Donald Trump's proposed budget for the fiscal year 2018 starting Oct. 1, unveiled by the White House on Monday and due to be delivered to Congress on Tuesday. The plan- if agreed to by Congress- would cut $3.6 trillion in government spending over 10 years, balancing the budget by the end of the decade.

  • WHITE HOUSE AIMS TO CUT $38 BLN FROM FARM BILL PROGRAMS AND CROP INSURANCE SUBSIDIES FROM 2018-2027- PRESIDENT'S BUDGET.

  • CHICAGO, May 22- The White House budget on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years. President Donald Trump's biggest cut would come in the form of a $38 billion bite out of farm supports, including new limits on federal subsidies for crop insurance premiums and caps for commodity...

  • WHITE HOUSE PLAN CALLS FOR ANNUAL $600 MLN IN USER FEES USED TO PAY FOR USDA MEAT, POULTRY INSPECTORS- PRESIDENT'S BUDGET.

  • WHITE HOUSE PROPOSES CUTTING $46.54 BLN IN FEDERAL GOVERNMENT SPENDING TO AGRICULTURE SECTOR OVER NEXT 10 YEARS- PRESIDENT'S BUDGET.

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • President Donald Trump's White House would sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of a plan to balance the budget over the next 10 years, documents released by the administration on Monday showed. The White House budget, which will be delivered to Congress on Tuesday, is meant as a...

  • WASHINGTON, May 22- President Donald Trump's promise to balance the federal budget in a decade rests on a sustained rise to 3 percent annual economic growth that he promised in his election campaign and a vague "feedback" effect that lowers the annual government deficit by hundreds of billions of dollars. The projections are a leap of faith that many economists...

  • *Park arrives for corruption trial in handcuffs. SEOUL, May 23- South Korea's former leader Park Geun-hye arrived at a Seoul court on Tuesday to stand trial on bribery charges over a corruption scandal that brought down her presidency. In her first public appearance since she was arrested in March, Park arrived at court in a blue correctional services van about an...

  • BRASILIA, May 22- Brazil's former president Luiz Inacio Lula da Silva has been charged by prosecutors who said the leftist politician was the mastermind behind the country's biggest bribery scheme. Lula, a founder of the Workers Party that controlled Brazil's presidency from 2003 until last year, is already facing five separate trials on corruption charges...