Wires

  • LAUNCESTON, Australia, Jan 24- If you wanted to see what a speculative commodity bubble looks like, then coking coal's huge rally in the second half of last year and subsequent retreat provides a good example. The SGX futures contract is based on the Steel Index free-on-board Australia coking coal price, and is thus reflective of the cost of the fuel at ports in...

  • LONDON— A survey shows that the economy of the 19- country eurozone began 2017 with relatively strong growth. The survey, published Tuesday by IHS Markit, showed exports doing well and employment enjoying its biggest monthly rise since February 2008. Chris Williamson, chief business economist at IHS Markit, said the "the eurozone economy has started 2017 on a...

  • LONDON— Shares in London- based BT have plunged by almost a fifth after the telecommunications company warned on profits and said the cost of an accounting scandal at its Italian business is bigger than expected. BT had said in October that it was investigating the practices of its Italian business and had taken a charge of 145 million pounds On Tuesday, it said...

  • In a Reuters interview, Veerathai Santiprabhob cited as an example a grouping favoured by China over the Trans-Pacific Partnership, from which Trump withdrew the United States on Monday in one of his earliest acts as president. Given that Thailand's two biggest export markets are the United States and China, Southeast Asia's second biggest economy could...

  • In a Reuters interview, Veerathai Santiprabhob cited as an example a grouping favoured by China over the Trans-Pacific Partnership, from which Trump withdrew the United States on Monday in one of his earliest acts as president. Given that Thailand's two biggest export markets are the United States and China, Southeast Asia's second biggest economy could...

  • In a Reuters interview, Veerathai Santiprabhob cited as an example a grouping favored by China over the Trans-Pacific Partnership, from which Trump withdrew the United States on Monday in one of his earliest acts as president. Given that Thailand's two biggest export markets are the United States and China, Southeast Asia's second biggest economy could...

  • In a Reuters interview, Veerathai Santiprabhob cited as an example a grouping favored by China over the Trans-Pacific Partnership, from which Trump withdrew the United States on Monday in one of his earliest acts as president. Given that Thailand's two biggest export markets are the United States and China, Southeast Asia's second biggest economy could...

  • MILAN, Jan 24- Assicurazioni Generali's shares soared on Tuesday on speculation of a bid by Italian banking and insurance rival Intesa Sanpaolo or a deal with another European player. "The move to acquire a stake of little more than 3 percent of the share capital of Intesa Sanpaolo has an obvious defensive quality," said analyst Luca Comi of brokerage Icbpi.

  • *Sees slowdown in UK public sector work. LONDON, Jan 24- BT lost almost a fifth of its market value on Tuesday after an Italian accounting scandal compounded a slowdown in its British government business to force the firm to cut revenue, earnings and cash flow forecasts for the next two years. The telecoms company, which had revealed an initial investigation into...

  • LILLE, France— France's interior minister says authorities have blocked or ordered search engines to de-list hundreds of websites in 2016, a significant increase over 2015.. Bruno Le Roux told a cybersecurity conference in the French city of Lille that his government has requested the blockage of 834 websites and de-listing of 1,929 others as part of the...

  • LONDON, Jan 24- European earnings season got off to a rocky start on Tuesday with profit warnings from BT Group and Aryzta sending their shares sharply lower, with weakness offset by gains in Italian financials and mining stocks. Italy's index was the standout performer, up 1 percent as Generali's biggest shareholder Mediobanca also rallied 7.4 percent.

  • *Gazprom sees extra 90 bcm of gas demand by 2025 in Europe. VIENNA, Jan 24- Long-term gas demand in Europe means immediate investment decisions are needed to build new infrastructure, Alexander Medvedev, a deputy chief executive officer at Russian gas giant Gazprom, said on Tuesday. Last year, Russia supplied Europe and Turkey with a record 179.3 billion cubic...

  • Benny Tjokrosaputro, president director of Indonesian property developer PT Hanson International Tbk, filed a lawsuit in a Jakarta court in September against Goldman's unit, Goldman Sachs International. Goldman had said in response that Goldman Sachs International had bought the Hanson shares from New York hedge fund Platinum Partners in a series of "...

  • WALLDORF, Germany _ SAP SE on Tuesday reported fourth-quarter earnings of $1.63 billion. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share. Four analysts surveyed by Zacks expected $7.3 billion.

  • AMSTERDAM _ Koninklijke Philips NV on Tuesday reported fourth-quarter net income of $675.6 million, after reporting a loss in the same period a year earlier. The Amsterdam- based company said it had profit of 72 cents per share. For the year, the company reported profit of $1.6 billion, or $1.73 per share.

  • LONDON, Jan 24- The Turkish lira was flat to the dollar on Tuesday before a key central bank meeting at which it is expected to raise interest rates by at least 50 basis points, while broader emerging assets firmed, with equities at 2-1/ 2 month highs. Worries over the impact of U.S President Donald Trump's protectionist trade stance kept the dollar near seven-week...

  • The EU-Canada Comprehensive Economic and Trade Agreement is seen as a test of Europe's ability to forge future trade accords and as a counterweight to anticipated protectionism under new U.S. president Donald Trump. "It's more than just a free-trade treaty with Canada. In a debate on Monday, committee members backing the accord repeatedly warned of the threat...

  • *Scope for Indonesia, China to join reformulated deal- Australia. WELLINGTON/ TOKYO, Jan 24- Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership by encouraging China and other Asian countries to join the trade pact after U.S. Japanese Prime Minister Shinzo Abe has touted it as an engine of economic reform, as well as a...

  • LONDON, Jan 24- The UK Supreme Court ruled on Tuesday that Prime Minister Theresa May must get parliament's approval before she begins Britain's formal exit from the European Union. However, the court rejected arguments that the UK's devolved assemblies in Northern Ireland, Scotland and Wales should give their assent before Article 50 is invoked.

  • LONDON— British prime minister's office says government will set out next steps to Parliament' shortly' after losing Brexit case.