Wires

  • FRANKFURT, Jan 19- Even as euro zone growth and inflation slowly pick up pace, the European Central Bank is set to argue on Thursday that its extra-easy policy stance is still needed to keep the recovery on course. ECB President Mario Draghi can argue the bank has done its part to mend growth, but he will also likely note the recovery is not self-sustaining,...

  • *France and Spain due to sell short-dated bonds. LONDON, Jan 19- Euro zone bond yields rose sharply on Thursday as comments from U.S. Federal Reserve Chair Janet Yellen overnight were viewed as ratcheting up pressure on the European Central Bank's commitment to its loose monetary policy.

  • BANGKOK, Jan 19- Thai Airways International said on Thursday it will launch an internal corruption investigation after being named in a bribery case relating to British company Rolls-Royce Plc. Rolls-Royce agreed to pay more than $800 million in fines to resolve charges of bribing officials in six countries, including Thailand, in schemes that lasted more...

  • LONDON, Jan 19- Barclays will keep the bulk of its activities in Britain after the UK leaves the European Union, its chief executive said on Thursday, saying that any changes to how the bank operates will be small and manageable. "We may have to move certain activities, we may have to change the legal structure that we use to operate in Europe, but I think it's going to be...

  • RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015 following a crackdown by the government, mines minister Mosebenzi Zwane said on Thursday. "If you can't mine safely, don't mine at all," Zwane said at a news briefing at the corporate offices of bullion producer Harmony Gold west of...

  • The IEA's monthly report says Thursday that OPEC production dropped to 33.09 million barrels a day in December from 34.2 million the previous month. The IEA says "a deeper OPEC reduction may be under way for January" as OPEC follows through on last year's pledge to cut production and freeze it around 32.5 million barrels a day. Production from nations outside...

  • DES MOINES, Iowa— Republican governors who turned down billions in federal dollars from an expansion of Medicaid under President Barack Obama's health care law now have their hands out in hopes the GOP Congress comes up with a new formula to provide insurance for low-income Americans. Nineteen Republican governors were successful in defying the Affordable...

  • WASHINGTON— Rick Perry was for "all of the above" on energy production before President Barack Obama embraced the strategy. During Perry's record 14- year tenure as governor, Texas maintained its traditional role as a top driller for oil and natural gas, while also emerging as the leading producer of wind power in the United States and a top 10 provider of solar...

  • THE HAGUE, Netherlands— Ahold Delhaize, the recently merged Dutch-Belgian operator of U.S. supermarket chains including Stop& Shop and Giant, says its sales rose sharply to 15.1 billion euros in the fourth quarter, thanks in part to a strong performance in the Netherlands. Ahold Delhaize, created last year by the merger of Dutch and Belgian supermarket operators,...

  • LONDON, Jan 19- World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency said on Thursday. OPEC agreed in November to cut production by 1.2 million barrels per day to 32.5 million bpd for the first six months of 2017,...

  • *South Africa's economy expected to expand in 2017. JOHANNESBURG, Jan 19- South Africa's economy will get a boost from perkier commodity prices, a benign inflation outlook and better rains for the agriculture sector this year, a Reuters poll found on Thursday. The South African Reserve Bank estimated GDP expanded 0.4 percent last year.

  • REUTERS POLL-S.AFRICA GDP GROWTH SEEN AT 1.1 PCT IN 2017, 1.6 PCT IN 2018.

  • REUTERS POLL-S.AFRICA INFLATION SEEN AT 5.8 PCT IN 2017, 5.5 PCT IN 2018.

  • REUTERS POLL-S.AFRICA TO LEAVE REPO RATE AT 7.00 PCT ON JAN. 26 AND STABLE FOR THE REST OF THE YEAR.

  • DAVOS, Switzerland, Jan 19- Finance minister Philip Hammond warned the European Union on Thursday that Britain would be forced to find different ways to remain competitive if there was no "comprehensive trading relationship" after Brexit. At the World Economic Forum in Davos, Switzerland, Hammond stuck closely to the government's script that Britain wants to...

  • DAVOS, Switzerland, Jan 19- Colombia's finance minister, Mauricio Cardenas, said on Thursday the country's central bank should cut interest rates to boost the economy. "We very much think this month interest rates should be cut," Cardenas told Reuters on the sidelines of the World Economic Forum in Davos. S&P Global on Wednesday affirmed its rating on Colombia but...

  • Malaysia Airlines Flight 370 vanished from radar on March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 passengers and crew on board. "If the exact same thing happened today, I think we'd have the same result," said William Waldock, a professor at Embry-Riddle Aeronautical University in Prescott, Arizona, and former accident investigator.

  • Commerce Secretary will not affect his investment fund's shareholdings in the Bank of Cyprus, WL Ross fund management company said on Thursday. Responding to media speculation about WL Ross fund holdings in Bank of Cyprus group and Wilbur Ross's role as vice-chairman of the bank, his company said it would remain "actively involved" with the bank.

  • WASHINGTON— Sonny Perdue, a farmer's son who built businesses in grain trading and trucking before becoming the first Republican governor of Georgia since Reconstruction, is President-elect Donald Trump's choice to lead the Agriculture Department, The Associated Press has learned. Perdue, 70, who comes from the small city of Bonaire in rural central...

  • SHANGHAI, Jan 19- The head of Chinese bitcoin exchange BTCC on Thursday denied media reports that the central bank had ruled it was offering margin loans illegally, and he said the platform is operating normally. However, Chief Executive Bobby Lee told Reuters the company had stopped offering margin loans last week alongside competitors such as Huobi and...