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Wires

  • NEW YORK _ ExlService Holdings Inc. on Tuesday reported fourth-quarter net income of $15.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share. ExlService Holdings expects full-year earnings in the range of $2.50 to $2.60 per share, with revenue in the range of $735 million to $760...

  • NEW YORK _ Drive Shack Inc. on Tuesday reported a loss of $19.7 million in its fourth quarter. On a per-share basis, the New York- based company said it had a loss of 32 cents. For the year, the company reported a loss of $65.9 million, or $1.04 per share, swinging to a loss in the period.

  • BEIJING, Feb 28- China's Commerce Ministry said on Tuesday it was "seriously concerned" by what it said was Europe's increasing protectionism in the steel industry after regulators slapped anti-dumping duties on certain types of plate steel imports from the world's top producer. On Tuesday the European Commission imposed definitive anti-dumping duties...

  • BRUSSELS, Feb 28- Germany will back a plan to strengthen carbon prices, a senior official said on Tuesday, ahead of a meeting of European Union environment ministers on balancing the needs of industry with cutting emissions in reforming the carbon market. EU member states such as Germany, Italy, Austria and Greece are prioritizing measures to ensure that...

  • NANJING, China _ Tuniu Corp. on Tuesday reported a loss of $79.8 million in its fourth quarter. On a per-share basis, the Nanjing, China- based company said it had a loss of 63 cents. Tuniu shares have decreased slightly since the beginning of the year.

  • LONDON, Feb 28- Brent spreads have weakened sharply in recent days as traders become less convinced the oil market will rebalance early in the second quarter. The calendar spread from May to June has eased from 6 cents contango per barrel on Feb. 21 to 30 cents contango on Feb. 27. Hedge funds accumulated a large net long position in WTI spreads following the...

  • LONDON, Feb 28- Gold held steady on Tuesday after falling from a 3-1/ 2 month high in the previous session as the market waited on a speech by U.S. Investors are shifting their attention to Trump's policy speech to a joint session of Congress on Tuesday night, when he is expected to provide clues on his tax-cutting plans. "There is lots of uncertainty ahead of Trump's...

  • SINGAPORE/ HONG KONG, Feb 28- Private equity firms Warburg Pincus, Blackstone Group LP and Hopu Investment were among the bidders short-listed to present a potential offer for Singapore- listed Global Logistic Properties, people familiar with the process said on Tuesday. Blackstone led another group, with a third consortium joining Beijing- based Hopu with...

  • WASHINGTON, Feb 28- Major U.S. corporations are going to war in Washington over a Republican' border adjustment' tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation's biggest employers. The political split that is opening, most pronounced in the narrowly divided Senate, could doom the...

  • CHICAGO _ R.R. Donnelley& Sons Co. on Tuesday reported a fourth-quarter loss of $514.1 million, after reporting a profit in the same period a year earlier. R.R. Donnelley expects full-year earnings in the range of 90 cents to $1.20 per share, with revenue in the range of $6.8 billion to $7 billion. R.R. Donnelley shares have increased 11 percent since the beginning of...

  • WASHINGTON— The Latest on President Donald Trump:. A senior White House official says the order will instruct the Environmental Protection Agency and Army Corps of Engineers to review a rule that redefined "waters of the United States" protected under the Clean Water Act to include smaller creeks and wetlands. With his first address to Congress, President...

  • DETROIT, Feb 27- Japan's Takata Corp removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation funds for automakers and victims of its faulty airbag inflators. With the criminal settlement and penalties set in the United...

  • LONDON, Feb 28- European equities steadied on Tuesday, with a rally in shares of companies such as GKN and Meggitt following their encouraging results offset by weaker miners. The STOXX Europe 600 was flat in percentage terms by 1028 GMT. "European markets are trading little changed... traders in Europe seem to be needing persuading to increase their risk exposure...

  • BERLIN, Feb 28- The German Finance Agency said on Tuesday that the average yield fetched at an auction of a new two-year Schatz was the lowest on record for that debt instrument during an auction. The bid-to-cover ratio was 1.8 and the average yield at the auction was -0.92 percent. The previous lowest yield in this segment at auction was -0.75 percent on Jan. 17.

  • A pedestrian walks past a stock ticker at a Fidelity Investments office in Boston, Massachusetts.

    Fidelity Investments said on Tuesday it cut the price on trades for stocks and exchange-traded funds by 38 percent for retail brokerage clients.

  • HAMILTON, Bermuda _ Seadrill Ltd. on Tuesday reported fourth-quarter profit of $133 million. On a per-share basis, the Hamilton, Bermuda- based company said it had profit of 26 cents. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

  • BRUSSELS— The European Union's budget chief is suggesting that member countries could in the future put aside a portion of their tax revenues from oil to help finance the bloc. EU Budget Commission Guenther Oettinger said in an interview Tuesday with his native Germany's Handelsblatt daily that it's worth considering setting aside "a small part" of oil tax...

  • ATHENS, Greece— Talks between bailout inspectors and the Greek government have resumed in Athens after a months-long delays caused by disagreements over austerity measures. Representatives of European Union institutions and the International Monetary Fund returned to Greece after the government gave into demands to maintain painful cost-cutting...

  • Markets worldwide are on tenterhooks before Trump's first Congressional address, where he could provide detail on his spending and tax reform plans and may also accuse countries, especially China, of currency manipulation. "If our worst fears are confirmed you can expect quite a correction in emerging markets," said Maarten-Jan Bakkum, investment strategist...

  • *Europe stocks up, world shares set for 4th month of gains. LONDON, Feb 28- World stocks hovered just off all-time highs and were on course for a fourth straight month of gains on Tuesday, as investors awaited a speech by U.S. Global share markets have risen more than 10 percent since Trump won power in November and investors are hoping a speech to U.S. Congress later...