Wires

  • LONDON, Jan 23- The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers...

  • STOCKHOLM, Jan 23- Fingerprint Cards said on Monday board member Lars Soderfjell and former CEO Johan Carlstrom have been taken into custody for alleged market abuse, sending the biometric technology company's shares down more than 7 percent. The Swedish Economic Crime Authority said in a statement two people were arrested on suspicion of aggravated...

  • LONDON, Jan 23- Investors have largely priced in the British government losing its Supreme Court appeal on whether it can trigger Brexit talks without parliamentary approval, but traders- both human and computer models- will scour the ruling for clues on whether regional assemblies will get a say. The government is widely expected to lose its appeal- online...

  • DEWITT, N.Y. _ Community Bank System Inc. on Monday reported fourth-quarter profit of $26.4 million. The Dewitt, New York- based bank said it had earnings of 59 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

  • HOUSTON _ Halliburton Co. on Monday reported a loss of $149 million in its fourth quarter. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Eleven analysts surveyed by Zacks expected $4.08 billion.

  • Jan 23- An order by President Donald Trump that could scale back enforcement of some Obamacare provisions is unlikely to sink health insurance stocks, but shares of hospitals and Medicaid providers could be under pressure over fears more poor people would lose coverage, analysts said. The new administration may no longer enforce an Affordable Care Act rule...

  • Jan 23- An order by President Donald Trump that could scale back enforcement of some Obamacare provisions is unlikely to sink health insurance stocks, but shares of hospitals and Medicaid providers could be under pressure over fears more poor people would lose coverage, analysts said. The new administration may no longer enforce an Affordable Care Act rule...

  • Jan 23- An order by President Donald Trump that could scale back enforcement of some Obamacare provisions is unlikely to sink health insurance stocks, but shares of hospitals and Medicaid providers could be under pressure over fears more poor people would lose coverage, analysts said. The new administration may no longer enforce an Affordable Care Act rule...

  • LAUNCESTON, Australia, Jan 23- The quiet demise of China's plans to launch a new crude oil futures contract shows the innate conflict of wanting the financial clout that comes with being the world's biggest commodity buyer, but also seeking to control the market. It has been a long-standing ambition for a new global oil price benchmark to be established in...

  • The net loss attributable to Halliburton widened to $149 million, or 17 cents per share, in the fourth quarter ended Dec. 31, from $28 million, or 3 cents per share, a year earlier. The current quarter included impairment and other charges of $169 million, compared with $282 million last year. The company's revenue fell 20.9 percent to $4.02 billion.

  • SINGAPORE, Jan 23- Siam Commercial Bank Pcl has begun to formally seek bids for its life insurance business in a sale that could raise about $3 billion for Thailand's third-biggest lender, said people with knowledge of the process. Thailand caps foreign companies' stakes in domestic insurance ventures at 49 percent, but lawyers said Thailand recently amended...

  • LONDON, Jan 23- Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident. Britain's largest mortgage lender was hit by a distributed denial of service attack on Jan....

  • BAOAN, China _ Nam Tai Property Inc. on Monday reported a loss of $5.2 million in its fourth quarter. On a per-share basis, the Baoan, China- based company said it had a loss of 14 cents. For the year, the company reported that its loss narrowed to $9.5 million, or 26 cents per share.

  • LONDON, Jan 23- Gold rose on Monday, touching its highest in two months as unease over the economic policies of U.S. Trump at his inauguration promised to put "America first," while his administration said it would withdraw from or renegotiate important trade agreements, raising fears that a protectionist White House could reduce global trade.

  • *Analyst says sales potential was 100- 200 mln Sfr/ year. ZURICH, Jan 23- A blow to Actelion's Opsumit drug in a test is unlikely to have an impact on talks over a strategic deal with Johnson& Johnson, analysts said on Monday, as the Swiss drugmaker's shares shook off the news. Analysts said this would be insignificant to U.S. healthcare giant J&J's interest in Europe's...

  • CAIRO, Jan 23- Centamin Plc, which runs Egypt's only commercial gold mine, said it would not bid in the country's new gold exploration tender because the terms are not commercially viable. Egypt, which is hoping that gold production can be a future source of growth for its struggling economy, began accepting bids last week for five concessions in its first tender...

  • *OPEC, non- OPEC ministers say complying with output cuts. LONDON, Jan 23- Oil prices fell one percent on Monday as signs of a strong recovery in U.S. oil drilling activity outweighed news that OPEC and non- OPEC producers were on track to meet output reduction goals set in December. Ministers representing members of the Organization of the Petroleum Exporting...

  • Dubai- based Emirates already operates four daily flights to John F. Kennedy International Airport in New York, including one with a stop off in Milan. "We look forward to briefing President-elect Donald Trump and his new administration on the massive, unfair subsidies that the UAE and Qatar give to their state-owned Gulf carriers," said Jill Zuckman, chief...

  • BERLIN, Jan 23- Chancellor Angela Merkel's cabinet is expected to approve a measure on Wednesday to close a tax loophole used by foreign companies operating in Germany, according to legislation drafted by finance ministry and viewed by Reuters on Monday. The legislation, which would still need approval by the German parliament, is expected to take effect from...

  • CHICAGO— United Airlines says six flights were cancelled and 200 more were delayed because of a computer problem that forced a ground stop for all domestic flights that lasted about 2 ½ hours Sunday. Company spokeswoman Maddie King calls the glitch an "IT issue." Chicago- based United Airlines and United Express operate more than 4,500 flights a day to 339...