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Wires

  • March 24- Vitol's annual traded volumes rose 16 percent in 2016 to a new record as the world's largest independent energy trader sold more gasoline and diesel in markets such as the United States and Australia. The biggest jump in percentage terms came from gasoline, up 44 percent and gasoil, up 26 percent, driven by increasing demand in the United States,...

  • LONDON, March 24- The dollar steadied against the yen on Friday after its worst run of daily losses versus the safe-haven currency since 2010, but gains were capped by worries that U.S. Though the dollar was flat on the day at just under 111 yen on Friday, it has still fallen over 3 percent over the past fortnight-- its worst showing since early August 2016-- as the...

  • WASHINGTON— Greater demand for commercial aircraft helped U.S. businesses increased their orders for long-lasting manufactured goods in February, but a key category that tracks business investment plans slipped slightly. The Commerce Department says orders for durable goods rose 1.7 percent in February and an upwardly revised 2.3 percent in January.

  • LISBON, March 24- Portugal slashed its budget deficit last year by more than half to 2.1 percent of gross domestic product, the lowest level since its return to democracy in 1974 and beating the 2.5 percent target agreed with Brussels. Official data showed on Friday the budget gap ended for the first time below the European Union's 3 percent threshold,...

  • WASHINGTON— US factory orders for long-lasting goods increased 1.7 percent in February.

  • *Britain's opposition party wins five seats in City govt. LONDON, March 24- Britain's Labour party won a record five seats in the City of London elections on Thursday, in a breakthrough for the party and a challenge to the centuries-old political independence of the country's financial district. The City of London, one of the world's oldest continuously running...

  • MOSCOW, March 24- Russian Central Bank Governor Elvira Nabiullina said on Friday monetary policy could be tight for up to three years in order to limit inflation risks.

  • MOSCOW, March 24- Russia's gold and foreign exchange reserves will increase by $23 billion this year, Central Bank Governor Elvira Nabiullina told a briefing on Friday. She said that capital outflows from Russia were expected to remain low. Nabiullina also said that the central bank expected rising shale oil production in the United States to put downward...

  • March 24- Xenon Pharmaceuticals Inc's shares tumbled 45 percent in premarket trading on Friday after the drug developer said it would discontinue developing its acne drug as it failed to meet the main goal in a mid-stage study. Acne is the most common skin condition in the United States, affecting up to 50 million Americans annually, according to the American...

  • MOSCOW, March 24- Russia's central bank does not rule out cutting its key rate at any of its rate meetings, Governor Elvira Nabiullina said on Friday.

  • MOSCOW, March 24- Consumer demand in Russia is expected to rise in the second quarter of this year, Elvira Nabiullina, the central bank governor, said on Friday.

  • March 24- Eli Lilly and Co said on Friday it would invest $850 million in its U.S. operations this year.

  • *Presumed new Hong Kong leader seen stoking tensions. HONG KONG, March 24- Hong Kong on Sunday will likely select Beijing's favoured candidate for its next leader who some say will further divide a city where middle class families have become increasingly disaffected by political tension and economic hardship. Former top civil servant Carrie Lam is widely...

  • Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would translate in Congress. The House of Representatives was set to vote late Friday afternoon on the Trump-backed bill to replace Democratic President Barack Obama's 2010 Affordable Care Act.

  • LONDON, March 24- Iceland's central bank has said is in talks with more of the foreign funds that saw bonds they own frozen as part of country's capital controls. It struck a deal with some funds earlier this month and hopes the remainder, that between them own around $900 million worth of Icelandic bonds or about half the original total, will also accept now they...

  • LONDON, March 24- Iceland's central bank has said is in talks with more of the foreign funds that saw bonds they own frozen as part of country's capital controls. It struck a deal with some funds earlier this month and hopes the remainder, that between them own around $900 million worth of Icelandic bonds or about half the original total, will also accept now they...

  • LONDON, March 24- Gold was on track for a second weekly gain on Friday as concern about the ability of U.S. President Donald Trump to push legislation through Congress held the dollar near 7- week lows, making bullion cheaper for holders of other currencies. The metal has risen 1.4 percent this week and on Thursday touched $1,253.12, its highest since Feb. 28.

  • BERLIN— Germany's iconic gummy bear will soon be "Made in USA.". Company head Hans Guido Riegel says "Haribo of America is the fastest growing confectionary company in the U.S.A., therefore the step of starting our own production there from 2020 is important for us." The $242 million factory near Kenosha is expected to create 400 jobs.

  • RED BANK, N.J. _ Zais Group Holdings Inc on Friday reported fourth-quarter net income of $4 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Red Bank, New Jersey- based company said it had profit of 29 cents. For the year, the company reported that its loss narrowed to $5.2 million, or 37 cents per share.

  • JOHANNESBURG— Royal Dutch Shell's Nigeria subsidiary "fiercely opposed" environmental testing and is concealing data showing thousands of Nigerians are exposed to health hazards from a stalled cleanup of the worst oil spills in the West African nation's history, according to a German geologist contracted by the Dutch-British multinational.