×

Wires

  • HAMBURG/ BERLIN, Feb 20- Volkswagen's labor bosses and top executives are making headway in talks to resolve a dispute over the implementation of a turnaround plan, both sides said, without elaborating. But the works council on Monday said the talks have led to early signs of how to overcome disagreement over how to implement the' future pact' designed to raise...

  • Environmental groups and anti-drilling residents fear regulators are taking steps to lift a seven-year moratorium on natural gas development near the Delaware River. Officials with the Delaware River Basin Commission aren't talking about the progress of natural gas regulations that would open Pennsylvania's northeastern tip to drilling and...

  • MUMBAI, Feb 20- Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money. Reliance said on Monday it had struck a partnership with Uber Technologies Inc which will help it challenge PayTM's dominance in digital...

  • JOHANNESBURG, Feb 20- South Africa's Competition Commission has fined the local arm of Citigroup 69.5 million rand for its role in a foreign currency trading cartel, the regulator said on Monday. Following the announcement of the settlement Citibank N.A. South Africa said that it aimed to improve its internal systems and monitoring processes.

  • BOGOTA, Feb 20- Colombia's central bank is likely to keep its key interest rate unchanged at 7.50 percent at Friday's meeting as expectations for inflation remain high, putting at risk policymakers' target for this year, a Reuters survey showed on Monday. "They'll maintain the rate because of an increase in inflation expectations and the cautious tone set by bank...

  • SAO PAULO/ RIO DE JANEIRO, Feb 20- Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer. Controlling shareholders grouped under holding company Valepar SA agreed to stay together for up to...

  • PRAGUE— Czech Prime Minister Bohuslav Sobotka has fired his minister of industry and trade over his resistance to work to lower telephone and mobile data tariffs. At a news conference on Monday, Sobotka said Jan Mladek's ministry has failed to support his government's efforts to reduce the high bills Czechs have to pay to telephone operators.

  • *Freeport says could seek damages in Grasberg dispute. LONDON, Feb 20- Copper bounced back above $6,000 a tonne on Monday as a dispute escalated over the world's second-biggest copper operation in Indonesia, while zinc was boosted by a drop in inventories. Three-month copper on the London Metal Exchange gained 1.3 percent to $6,035 a tonne by 1510 GMT, recovering...

  • LONDON, Feb 20- Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. The combined net long position has a notional valuation of more than $49 billion, which is the highest since July 2014. Fund managers now have the most bullish view on oil since the first half...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno looked set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among candidates and the...

  • BOSTON— Duck boats, the popular sightseeing vehicles in cities around the country, have lost some of their appeal because of a string of recent accidents. In Boston, new safety regulations will go into effect in April after a duck boat ran over and killed a 28- year-old woman on a motor scooter last spring. In Philadelphia, a duck boat operator suspended its tours...

  • *Germany says no guarantees on Opel jobs, but encouraged. *PSA Group in talks to buy GM's Opel/ Vauxhall brands. BERLIN/ LONDON, Feb 20- Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday.

  • JOHANNESBURG, Feb 20- Citibank, N.A. South Africa said on Monday it aimed to improve its internal systems and monitoring processes after it agreed to pay a 69.5 million rand penalty for its role in a forex trading cartel.

  • DUBAI, United Arab Emirates— The United Arab Emirates' main state oil company has agreed to give CEFC China Energy a 4 percent stake in a major onshore oil project a day after awarding a minority stake to another Chinese company. The Abu Dhabi National Oil Company said Monday that CEFC is paying an entry fee of $888 million for the concession operated by the Abu...

  • PORTLAND, Maine— A disagreement over the right to fish for scallops off New England is pitting small boats against big ones in one of the most lucrative fisheries in the U.S. Small boat fishermen say the conflict has arisen in the northern Gulf of Maine, a critically important fishing area stretching roughly from Boston to the border of Maine and Canada.

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centres around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • said Tiffanie Pieper, of San Diego, who has been in the camp most of the winter. Protesters have been at the campsite since August to fight the $3.8 billion pipeline that will carry oil from North Dakota through South Dakota and Iowa to a shipping point in Illinois. Dallas- based Energy Transfer Partners began work on the last big section of the pipeline this month...

  • CITI SAYS PLEASED FOREX PROBE SETTLED, TO IMPROVE INTERNAL SYSTEMS, CONTROLS, AND MONITORING PROCESSES.

  • TEL AVIV, Feb 20- Israel took a major step towards removing the Tel Aviv Stock Exchange from the control of the country's banks on Monday when its parliamentary finance committee approved a reform plan. A final vote by Israel's full parliament on the proposal to make the banks sell their TASE shares within five years so each holds no more than 5 percent, is expected...

  • *OPEC cut compliance around 90 pct, but U.S. output rising. Investors have certainly taken OPEC members at their word on their commitment to cut production and now hold more crude futures and options than at any time on record. "There is still a general consensus that the OPEC/ non- OPEC agreement helps supply to get in line with demand.