Wires

  • 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...

  • TOKYO, Jan 19- The dollar kept broad gains against its major rivals on Thursday, after rebounding sharply overnight on comments by Federal Reserve Chair Janet Yellen suggesting U.S interest rates could be raised quickly this year. President-elect Donald Trump's inauguration on Friday. The greenback was little changed at 114.670 yen.

  • SYDNEY, Jan 19- U.S. soybean futures were headed for their first fall in five sessions on Thursday as a stronger dollar weighed on the market, though concerns that production in Argentina may be curtailed by unfavorable weather capped losses. *The most active soybean futures on the Chicago Board Of Trade March soybeans was down 0.3 percent at $10.72 a bushel as of...

  • TOKYO, Jan 19- Japan has agreed to allow the Abu Dhabi National Oil Co to store crude oil in the country for two more years, giving the nation's second-largest supplier continued access to a depot through 2019, the trade ministry said on Thursday. The agreement came during a meeting last weekend between Japan Trade Minister Hiroshige Seko and ADNOC chief...

  • The Ministry of Commerce said it believes China and the United States can properly resolve any trade problems through dialogue and cooperation, as both sides would be hurt in any U.S.- China trade spat.

  • Jan 18- Messaging app owner Snap Inc has hired Jennifer Park Stout, former deputy chief of staff to the U.S. Snap, the owner of the popular Snapchat app, is expected to go public early this year, vying for a $25 billion valuation. Earlier this month, the Venice, California- based company hired former Sony Entertainment Chief Executive Michael Lynton as its chairman.

  • TOKYO, Jan 19- Japan's Nintendo said it will release an Android version of its Super Mario mobile game in March following the launch of Super Mario Run for Apple Inc's iPhone in December. Analysts, however, note that so far less than one in 10 people who have downloaded Super Mario Run for free have agreed to pay $9.99 to unlock all the features of the game.

  • The State Administration of Foreign Exchange said on Friday China's commercial banks sold a net $46.3 billion of foreign exchange in December, the highest since January 2016.

  • NEW YORK, Jan 18- Donald Trump's Indonesian business partner dismissed concerns by ethics officials that the U.S. president-elect's companies' overseas business deals might be vulnerable to conflicts of interest in an interview on Wednesday. Hary Tanoesoedibjo, 51, is the billionaire chairman and chief executive of MNC Group, which is constructing two...

  • *Rise in U.S. bond yields after Yellen lifts financials. TOKYO, Jan 19- Japan's Nikkei share average rebounded from a six-week low on Thursday, with financial stocks cheered by the rise in U.S. bond yields after Federal Reserve Chair Janet Yellen signalled a solid pace of interest rate hikes. President-elect Donald Trump on Friday, Toshiba shares tumbled in heavy...

  • WASHINGTON— President-elect Donald Trump intends to nominate former Georgia Gov. He comes from the small city of Bonaire in rural central Georgia, where he built businesses in grain trading and trucking. But it was after switching his allegiance to the Republican Party that Perdue made Georgia history.

  • The study, released on Wednesday night by consulting firm Quinlan& Associates, said some banks are incurring up to $1 billion in costs annually associated with replacing employees who leave voluntarily. With Wall Street firms bleeding talent to technology firms and compensation on the decline, numerous banks face a brain drain that can only be solved by...

  • TOKYO, Jan 19- Toshiba Corp could post a 700 billion yen loss at its U.S. nuclear reactor business, much bigger than the 500 billion yen it had earlier flagged to investors, Kyodo news agency reported. Toshiba's shares fell 15 percent in Tokyo morning trade compared with a 0.9 percent gain in the benchmark Nikkei 225 index. Trade was suspended earlier in the day...

  • WASHINGTON, Jan 18- The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The U.S. Defense Department expects to spend $391 billion in the coming decades to develop and...

  • TOKYO, Jan 19- The dollar inched up against the yen and kept broad gains against other major peers early on Thursday, after rebounding sharply overnight on comments by Federal Reserve Janet Yellen suggesting U.S interest rates could be raised quickly this year. President-elect Donald Trump's inauguration on Friday. The pound, which had jumped 3 percent on...

  • EXCLUSIVE-LOCKHEED MARTIN NEARS DEAL WITH PENTAGON TO REDUCE F-35 FIGHTER JET COSTS IN NEARLY $9 BILLION CONTRACT- SOURCES.

  • Jan 18- Canadian Pacific Railway Ltd, Canada's No. 2 railroad operator, said on Wednesday its chief executive would leave five months earlier than originally expected and it reported a lower-than-expected adjusted quarterly profit. Hunter Harrison will officially step down on Jan. 31 and be replaced by Chief Operating Officer Keith Creel.

  • Jan 18- Former Canadian Pacific Chief Executive Hunter Harrison is in advanced talks to team up with a former Pershing Square Capital partner, seeking to shake up rival railroad CSX Corp, according to a person familiar with the matter. Hilal's fund, Mantle Ridge LP, has raised more than $1 billion for a single investment, according to a person familiar with the...

  • SYDNEY, Jan 19- A firmer U.S. dollar drove London copper lower on Thursday after the currency stabilised overnight on positive U.S. economic signals. *The most-traded copper contract on the Shanghai Futures Exchange rose 0.1 percent to 46,610 yuan a tonne. *The London tin market remains a tight and crowded space.

  • TEGUCIGALPA, Jan 18- Honduras' economy will grow between 3.7 and 3.8 percent in 2017 after expanding by 3.6 percent in 2016, the country's central bank head said on Wednesday, adding that certain policies implemented by U.S. President-elect Donald Trump could cause growth to fall by one percentage point. "This growth is partly threatened by the uncertainty...