Wires

  • WASHINGTON, Jan 23- Two Republican senators said on Monday that U.S. states should be allowed to stay in the Obamacare medical insurance program if they like, with one also saying she was confused by President Donald Trump's broad but unspecific executive order targeting the program. Trump and congressional Republicans campaigned on a promise to dismantle...

  • *Oil up on weak dollar, output cuts by OPEC, other producers. SINGAPORE, Jan 24- Oil climbed on Tuesday as a weaker U.S. dollar and production cuts announced by OPEC and other producers buoyed the market, but an increase in drilling activity in the United States is likely to keep a lid on prices. Ministers representing members of the Organization of the Petroleum...

  • SYDNEY, Jan 24- U.S. soybean prices rose for the first time in three sessions on Tuesday, edging away from a six-day low touched the day before as the U.S. dollar weakened, but easing fears over potential crop losses in Argentina curbed gains. *The most active soybean contract on the Chicago Board of Trade, for March, climbed 0.26 percent to $10.60-1/ 2 a bushel.

  • CALGARY, Alberta/ TORONTO, Jan 23- A pipeline in the western Canadian province of Saskatchewan has leaked 200,000 liters of oil in an aboriginal community, the provincial government said on Monday. The government was notified late in the afternoon on Friday, and 170,000 liters have since been recovered, said Doug McKnight, assistant deputy minister in the...

  • SHANGHAI, Jan 24- China set its official midpoint at 6.8331 per dollar prior to the market open on Tuesday, its strongest level since Nov. 14. Tuesday's fixing was 241 pips, or nearly 0.4 percent, stronger than the previous fix, which was at 6.8572. Market participants said the strength in the official guidance rate was due to a broad slide in the dollar, which was...

  • Jan 24- Gold prices hit their highest in two months on Tuesday, pushed up as the dollar weakened due to suspicions President Donald Trump's administration might seek a competitive advantage through a weaker currency. *Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal and told U.S. manufacturing executives he would...

  • TOKYO, Jan 24- Japan will continue to stress the strategic and economic importance of the Trans-Pacific Partnership trade deal to the United States, trade minister Hiroshige Seko said on Tuesday. He said it would be important for the TPP to have the United States as a member. Seko also said that he would closely monitor the impact on Japanese corporations if there...

  • LONDON, Jan 23- The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway. But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers...

  • President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States out of...

  • TOKYO, Jan 24- Japanese manufacturing activity expanded in January at the fastest pace in almost three years as export orders surged, suggesting that overseas demand is not as weak as some economists and business leaders had feared. "The Japanese manufacturing sector started the New Year on a strong footing," said Amy Brownbill, economist at IHS Markit, which...

  • SYDNEY/ WELLINGTON, Jan 24- Australia hopes to salvage the Trans-Pacific Partnership by encouraging China and other Asian nations into the agreement in the wake of U.S. Fulfilling a campaign pledge Trump signed an executive order in the Oval Office on Monday pulling the United States out of the 2015 TPP agreement and distancing the United States from its Asian...

  • BEIJING— People across Asia are poised for a potentially dramatic change in relations with Washington under President Donald Trump after decades with the United States as a major military and economic presence. Trump has threatened to raise tariffs on Chinese goods to 45 percent and upended four decades of diplomatic protocol by taking a phone call from...

  • SINGAPORE, Jan 24- U.S. oil climbed on Tuesday as the dollar weakened, but an increase in drilling activity in the United States is likely to keep a lid on prices. West Texas Intermediate crude futures were up 14 cents at $52.89 a barrel by 0023 GMT. "Another strong increase in drilling rigs operating in the U.S. took the gloss off the better-than-expected adherence by...

  • *Dollar falls in early Asia on Mnuchin comments, lower yields. SYDNEY, Jan 24- The dollar was under pressure in Asia on Tuesday as U.S. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo's Nikkei slipped 0.3 percent.

  • TOKYO, Jan 24- The dollar wallowed near seven-week lows in early Asian trade on Tuesday, pressured by concerns about the impact of U.S President Donald Trump's protectionist trade stance. Trump was poised to sign executive orders as early as Monday intended to renegotiate the free trade agreement between the United States, Canada and Mexico, according to media...

  • SEOUL, Jan 24- Samsung Electronics Co Ltd on Tuesday said fourth-quarter operating profit jumped 50 percent to its highest in over three years, as record earnings in its chips business masked the negative impact of its failed Note 7 phones. The world's biggest maker of smartphones and memory chips said October-December operating profit was 9.22 trillion won,...

  • WASHINGTON, Jan 23- Citigroup Inc mortage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the U.S. consumer finance watchdog said on Monday. CitiMortgage will pay an estimated $17 million to compensate wronged consumers, as well as a civil penalty...

  • SYDNEY/ WELLINGTON, Jan 24- Australia hopes to salvage the Trans-Pacific Partnership by encouraging China and other Asian nations into the agreement in the wake of U.S. Fulfilling a campaign pledge Trump signed an executive order in the Oval Office on Monday pulling the United States out of the 2015 TPP agreement and distancing the United States from its Asian...

  • SANTIAGO, Jan 23- Chile will continue to pursue trade deals even though the Trans-Pacific Partnership is off the table after U.S. President Donald Trump withdrew the United States from the pact, Foreign Minister Heraldo Munoz told journalists on Monday. The South American country has invited ministers from other TPP members as well as China and South Korea to a...

  • NEW YORK, Jan 23- A former analyst at the investment fund of Dell Inc founder Michael Dell was arrested on Monday after he refused to show up for trial to face charges that he made $1.5 million engaging in insider trading. District Judge Paul Engelmayer in Manhattan earlier in the day issued a bench warrant for John Afriyie, a former employee of MSD Capital, after a...