×

Wires

  • WASHINGTON— The Latest on an executive order that could lead to expansion of drilling in the Arctic and Atlantic oceans:. President Donald Trump has signed an executive order that will roll back restrictions on oil drilling in the Arctic. Trump says at a White House signing ceremony, "Today, we're unleashing American energy and clearing the way for thousands and...

  • MEXICO CITY, April 28- Mexico's economy cooled slightly in the first quarter as industrial output stagnated, according to preliminary data released on Friday, but growth during the start of U.S. The election of Donald Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement.

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities stalling after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. First-quarter earnings are currently expected to grow by 13.6 percent,...

  • *Spanish economy beats forecasts, Austria, France also grow. European Central Bank chief Mario Draghi struck a cautious note on Thursday, sending yields lower, but numbers out on Friday strengthened the belief that the ultra-loose policy stance cannot last. "The ECB has been looking through fluctuations in the headline inflation rate and looking at core...

  • WASHINGTON, April 28- A U.S. appeals court blocked health insurer Anthem Inc's bid to merge with Cigna on Friday, upholding a lower court's decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare. The ruling will probably kill the proposed merger that was rejected by the U.S. Justice Department, 11 states and a...

  • NEW YORK, April 28- The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar jumped against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, on the verge of...

  • WASHINGTON, April 28- The U.S. House of Representatives on Friday overwhelmingly passed stopgap legislation to avert a government shutdown at midnight and buy time on reaching a deal on federal spending through the end of the fiscal year. The legislation now goes to the Senate, where Republican leaders hope to take it up later in the day, approve it and send it to...

  • Q1 GDP comes out weaker than expected. *U.S. core PCE, an inflation gauge, is at 2 percent. NEW YORK, April 28- U.S.

  • *Q1 GDP up 0.7 pct vs. est. 1.2 pct rise. April 28- U.S. stocks were slightly lower in late morning trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter. "The GDP numbers today are questioning the robustness of the economy and throughout the week we've seen the impact of doubts whether the Trump administration can...

  • BERLIN— The German government says there are no plans to invite Russia to return to the club of leading industrialized nations. Russia was kicked out of the G-8 after its 2014 annexation of Ukraine's Crimea region and assistance for pro-Russian separatists in eastern Ukraine. Steffen Seibert spoke to reporters Friday ahead of Merkel's upcoming trip to...

  • NEW YORK— A federal appeals court says an affluent county north of New York City is "engaging in total obstructionism" of a plan to build affordable housing that can be marketed to nonwhites. A three-judge panel of the 2nd U.S. Circuit Court of Appeals rejected an appeal by Westchester County on Friday. A lower court had found that Westchester violated a consent...

  • NEW YORK, April 28- U.S. interest rate futures were steady to marginally lower on Friday as traders saw the Federal Reserve as being on track to raise interest rates further despite news the U.S. economy grew at its weakest pace in three years in the first quarter. Earlier Friday, the Labor Department said its employment cost index, which measures wages and benefits,...

  • WASHINGTON, April 28- The U.S. House of Representatives on Friday approved legislation to avert an imminent government shutdown by giving lawmakers until May 5 to come up with legislation funding federal agencies through the fiscal year that ends on Sept. 30. The Senate is expected to vote on the measure later on Friday. Without congressional action, the...

  • LONDON, April 27- Coffee and sandwich chain Pret A Manger wants to increase the number of Britons working in its UK shops to cushion it from potential damage if European Union workers stay away after Brexit, its boss said on Thursday. The status of citizens from other EU countries living in Britain has been clouded by last June's Brexit vote with the UK government...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a...

  • WASHINGTON, April 28- A U.S. appeals court on Friday granted a Trump administration request to put on hold a legal challenge by industry and a group of states to former President Barack Obama's regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo. A 10- judge panel of the U.S....

  • BERLIN, April 28- Volkswagen said it plans to invest billions of euros through 2022 to beef up its portfolio of combustion and electric drives as it braces for a further tightening of emissions rules in key markets. Europe's biggest carmaker last year announced a multi-billion-euro shift to embrace electric cars and new mobility services as it battles to...

  • MOSCOW, April 28- Russian fuel retailers say the authorities have told them to ensure any price rises do not exceed inflation in what is a pre-election year, a demand they say amounts to a price freeze and may bankrupt some independent outlets. Vladimir Putin is widely expected to run for what would be a fourth presidential term in March next year.

  • WASHINGTON, April 27- Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states. Currently, the resolutions only require simple majorities to pass both...

  • *ASML files countersuits as patent battle heats up vs Nikon. April 28- ASML, the world's third largest semiconductor equipment maker, said on Friday it had counter-sued rival Nikon, after the Japanese company launched a wide-ranging patent battle against the Dutch company this week. They were brought in Japan by ASML on its own and jointly with its partner Carl...