Wires

  • LONDON, Jan 19- Gold steadied on Thursday after suffering its biggest fall in more than a month in the previous session on Federal Reserve chair Janet Yellen's indication that the U.S. central bank would press ahead with interest rate increases. Spot gold continued to fall in early trading on Thursday, touching a low of $1,197.3 an ounce before recovering to...

  • MOUNT AIRY, N.C. _ Insteel Industries Inc. on Thursday reported fiscal first-quarter net income of $4.5 million. Insteel Industries shares have declined 2 percent since the beginning of the year. Keywords: Insteel Industries, Earnings Report.

  • NEW YORK _ Bank Of New York Mellon Corp. on Thursday reported fourth-quarter net income of $870 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. Three analysts surveyed by Zacks expected $3.86 billion.

  • Certainly that is pushing the prices down, "said German Nikonenko, the head of UralSib Capital trading. However, Moscow has faced strong lobbying against the measure from companies including Russia's largest oil producer Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin. Third-quarter sales fell to 1.26 trillion roubles from...

  • MOSCOW, Jan 19- Russia may start buying foreign currency if oil prices allow, the central bank said on Thursday, but the amount of forex it buys monthly would not exceed additional revenues it gets from oil prices exceeding the level pencilled into budget plans. The central bank did not provide any timing for interventions on the currency market.

  • Roland Rudd's political and business links are near unparalleled: he advised former Prime Minister Tony Blair and counts David Cameron as a friend, and his financial PR firm Finsbury represents about a quarter of FTSE 100 companies. He also heads the Open Britain group, which is campaigning for Britain to retain as close ties as possible with the European Union-...

  • LONDON, Jan 19- Goldman Sachs Chief Executive Lloyd Blankfein said on Thursday that he still doesn't know if there will be just one location the bank will relocate operations to in order to deal with Britain's exit from the European Union. Blankfein said in an interview with Bloomberg television at the World Economic Forum in Davos that the firm will be able to...

  • Q& A-TRUMP'S POLICY PLANS AND DOLLAR HOPES A PARADOX:. HONG KONG, Jan 19- U.S. president-elect Donald Trump failed to see the connection between his policy plans and the strength of the dollar when he expressed his favour of a weaker currency earlier this week, a former policy adviser of the International Monetary Fund said. The incoming president will...

  • TOKYO, Jan 19- BlackRock Inc has a stake in Toshiba Corp of 5.01 percent, according to a Japanese government filing, likely becoming the struggling firm's top shareholder. JP Morgan Chase owned 4.14 percent of Toshiba shares as of Sept. 30, its biggest shareholder at the time, according to an earlier Toshiba filing. Toshiba's financial crisis deepened on Thursday...

  • LONDON, Jan 19- British company Cornish Lithium said on Thursday it had reached a mineral rights agreement with Canada's Strongbow Exploration to explore for lithium in Cornwall, southwest England, stoking hopes for a British mining revival. Cornwall historically was a mining hub for metals such as tin and copper and the British government is keen to...

  • SAO PAULO, Jan 19- Leading shareholders of Vale SA are close to endorsing a plan to turn the world's No. 1 iron ore producer into a company with dispersed share ownership within six years, two people familiar with the talks said. Bradespar SA, Mitsui& Co and several Brazilian pension funds are negotiating a new shareholder accord that would give Vale dispersed share...

  • NICOSIA, Cyprus— Cyprus' largest bank says its shares have started trading on the London Stock Exchange. Bank of Cyprus Holdings says more than 446,000,000 shares valued at 0.10 euros each have been admitted to the LSE's standard listing and began trading Thursday. The listing comes two weeks after the bank fully repaid 11.4 billion euros of emergency cash it...

  • PARIS— Aircraft-engine company Safran has agreed to buy seat and cabin manufacturer Zodiac Aerospace in a deal worth 9.7 billion euros, including debt. Safran will offer 29.47 euros per share, which is 26.4 percent above Zodiac's closing share price Wednesday. Safran shareholders will also receive a special dividend of 5.5 euros per share.

  • TOKYO, Jan 19- Bidders for Japan's Takata Corp are pushing for a court-mediated turnaround for the embattled air bag maker's domestic business, a source said, a strategy the company opposes and news of which sent its shares tumbling 17 percent. Earlier in the day, the Nikkei newspaper reported that Swedish air bag maker Autoliv Inc, and a group led by U.S. auto parts...

  • BREGA, Libya, Jan 19- Guards and officials at major ports in Libya's eastern Oil Crescent say they are hoping foreign workers will soon return as they struggle to build on output gains with meagre resources. The lifting of a long blockade at the ports helped Libya's oil output to more than double to over 600,000 barrels per day. Recent and future gains threaten to...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • ATHENS, Jan 19- The Bank of Cyprus expects modest profitability in the coming quarters and will not pay a dividend this year, its chief executive said on Thursday, speaking as its shares were listed on the London Stock Exchange. Run by high-profile veterans of the European banking crisis, with former Royal Bank of Scotland executive John Hourican its CEO and...