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Wires

  • March 29- The following table shows OPEC crude oil output in millions of barrels per day in March and February, according to a Reuters survey published on Wednesday. In an effort to prop up prices, OPEC started reducing its output by about 1.2 million bpd on Jan. 1 in its first supply cut decision since 2008. In March, supply from the 11 OPEC members with production...

  • *China says climate pledges under Paris Agreement unchanged. BEIJING/ OSLO, March 29- Nations led by China and the European Union rallied around a global plan to slow climate change on Wednesday after U.S. Chinese foreign ministry spokesman Lu Kang, whose government cooperated closely with former U.S.

  • March 29- Two black employees of Fox News have accused a white executive of racial harassment and the cable network of ignoring their claims of discrimination in a lawsuit filed in New York City. A Fox News spokeswoman said Slater was fired last month in response to the complaints, and that Brown is still employed by the network. "There is no place for inappropriate...

  • COLUMBIA, S.C.— The electric utilities that own two nuclear reactors under construction in South Carolina say they're committed to finishing the project despite the bankruptcy of builder Westinghouse Electric Co.. State-owned utility Santee Cooper and SCANA Corp. are partners on the project at the V.C. Summer Nuclear Station near Jenkinsville, South...

  • GASOLINE FUTURES RISE TO SESSION HIGH OF $1.6708 A GALLON AFTER EIA DATA; THE HIGHEST IN 3 WEEKS.

  • GASOLINE MARGINS RISE TO HIGHEST SINCE EARLY NOVEMBER AFTER EIA DATA.

  • WASHINGTON, March 29- The U.S. Supreme Court on Wednesday threw out a ruling that upheld a New York law barring retailers from charging more to buy with credit, sending the case back to a lower court to decide as a free speech issue not as pricing regulation. The justices returned the matter to the New York- based 2nd U.S. Circuit Court of Appeals, which upheld the law in...

  • ULSD FUTURES EXTEND GAINS, UP 1.6 PCT AFTER EIA DATA SHOWS BIGGER-THAN-EXPECTED DRAW IN STOCKPILES.

  • *CFO Ben Monaghan to leave Genel this year. *Chairman Tony Hayward expected to depart in June. LONDON, March 29- Genel Energy is set to lose its finance chief while still struggling to find a replacement for Chairman Tony Hayward, sources told Reuters, increasing pressure on the company after a second revision to its Kurdish oil reserves sent its shares sliding this...

  • GASOLINE FUTURES EXTEND GAINS, UP 2 PCT AFTER EIA DATA SHOWS BIGGER-THAN-EXPECTED DRAW IN STOCKPILES.

  • NEW YORK, March 29- Kushner Companies, the real estate firm formerly headed by President Donald Trump's son-in-law, said it has dropped out of talks to redevelop its flagship New York office tower with China's Anbang Insurance Group. Kushner Cos was headed by Jared Kushner, Trump's son-in-law, until earlier this year when his interest in the company was sold to a...

  • NEW YORK, March 29- U.S. After the legislative debacle last Friday when President Donald Trump's fellow Republicans withdrew their own healthcare bill, investors worried about other reforms on his economic agenda that could get waylaid as well, such as taxes. Tom Simons, money market economist at Jefferies& Co in New York said politics remains a major driver in...

  • OIL PRICES EXTEND GAINS AFTER EIA DATA SHOWS SMALLER-THAN-EXPECTED BUILD IN U.S.

  • TRENTON, N.J.— U.S. regulators have approved the first drug for an aggressive kind of multiple sclerosis that steadily reduces coordination and the ability to walk. The Food and Drug Administration approved Ocrevus late Tuesday after a large study found it slowed progression of the neurological disease and reduced symptoms. The drug was developed by...

  • WELL BUILT: RH, formerly Restoration Hardware, climbed 12.7 percent a day after the home furnishings and decor retailer reported stronger earnings. It added $4.81 to $42.81. DEAL TIME: Exar surged 22.6 percent after MaxLinear agreed to buy the chipmaker for $13 per share, or $662 million.

  • LISBON, Portugal— Portugal's central bank has given an upbeat assessment of the country's economic outlook, with an export-driven recovery taking national output close to a pre-2008 level within two years. The Bank of Portugal revised its economic forecasts upward Wednesday. Portugal's budget deficit has also fallen to a 42- year low of 2.1 percent.

  • TORONTO, March 29- Canada's main stock index declined on Wednesday as weakness in the industrial sector helped offset a rise in energy stocks that was supported by higher oil prices. At 10:01AM EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 23.82 points, or 0.15 percent, at 15,574.75. Canadian Natural Resources Ltd gained 0.3 percent to C...

  • LONDON, March 29- Gold edged up on Wednesday, as uncertainty about Brexit talks, French elections and U.S. "There are a lot of uncertainties regarding the Trump reflation trade after the failure last week to overhaul Obamacare, and uncertainty in Europe with French elections coming up and the official start today of Brexit negotiations," said Carsten Fritsch,...

  • WASHINGTON, March 29- Ford Motor Co, the second largest U.S. automaker, on Wednesday announced two new recalls affecting 440,000 vehicles and expects to spend about $295 million to fix the issues. The recalls include 211,000 vehicles in North America to replace potentially faulty side door latches and 230,000 vehicles for under-hood fire risks.

  • JOHANNESBURG, March 29- The top six of South Africa's ruling African National Congress are divided down the middle on whether to remove Finance Minister Pravin Gordhan, two sources told Reuters. President Jacob Zuma, who is part of the top six wants to replace Gordhan and has the support of Chairwoman Baleka Mbete and Deputy Secretary-General Jessie Duarte, the...