Wires

  • MEXICO CITY— Mexico has increased its minimum wage to just over 80 pesos a day, though its dollar value is down due to the peso's devaluation. Since then, Mexico's peso has declined from 17.35 for $1 to 20.56 for $1, as of Monday. Manufacturing wages in Mexico average about $2.10 an hour in Mexico, compared to $20.60 per hour in the U.S.

  • HONG KONG, Dec 6- Asian stocks opened higher on the back of a strong Wall Street with markets discounting the potential impact of Italy's referendum vote, while U.S. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent in early trade with Antiopodean markets leading gains. Wall Street rose on Monday, with the Dow Jones industrials setting...

  • Jonathan Ly, 28, entered his plea in federal court in Seattle to one count of securities fraud stemming from an insider trading scheme that prosecutors said netted the San Francisco resident $331,000. He also reached a $375,907 settlement with the U.S. Securities and Exchange Commission. Ly is deeply sorry for the activity he engaged in and the people and...

  • SAO PAULO, Dec 5- Brazilian food maker JBS SA, the world's largest beef processor, plans to launch shares of its subsidiary JBS Foods International B.V. in the United States in the first half of 2017 as a part of a larger reorganization, the company said on Monday. Under the plan, the unit currently based in the Netherlands would be responsible for managing all of the...

  • MEXICO CITY, Dec 5- Mexico on Monday auctioned eight out of ten deep water oil and gas blocks up for grabs in the Gulf of Mexico, and scored a joint venture for a major crude field in the most hotly-anticipated round of the country's energy opening so far. China's Offshore Oil Corporation took two of the eight blocks, while Australia's BHP Billiton outbid Britain's...

  • CHICAGO— Mechanics at United Airlines have approved a six-year labor deal, the latest in a string of pay-raising contracts in the now profitable industry. The contract with the Teamsters union covers more than 9,000 employees at United Continental Holdings Inc. It covers employees of United and the former Continental Airlines; the two merged in 2010..

  • Dec 6- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 6- Dec United Auction of 0 1/ 2% Treasury Gilt 2022.

  • STOCKHOLM- Swedish Central Bank Deputy Governor Martin Floden will hold a speech on the effects of the negative repo rate but also on the associated risks such as household indebtedness- 0945 GMT. LONDON- Cyprus Finance Minister Harris Georgiades and European Commission mission chief for Cyprus Daniel Daco to attend Economist conference in London.

  • WASHINGTON, Dec 5- United Technologies Corp, parent company of Carrier Corp, got a "good deal" with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview with CNBC. Carrier, which in February had announced plans to close two Indiana plants and send 2,100 jobs to Mexico, agreed...

  • SAO PAULO, Dec 5- A Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program that...

  • *Sioux leader asks protesters to go home. CANNON BALL, N.D., Dec 5- A Native American leader asked thousands of protesters to return home after the federal government ruled against a controversial pipeline, despite the prospect of President-elect Donald Trump reversing the decision after he takes office. A coalition of Native American groups,...

  • MEXICO CITY, Dec 5- Mexico's banking system maintains reasonable capital levels when subject to adverse scenarios in recent stress tests, the central bank said on Monday, but added that some institutions could show capital deficiencies under certain conditions. Jaime Gonzalez, president of Mexico's National Bank and Securities Commission, said in an...

  • HONG KONG, Dec 6- Fosun International Ltd, China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med. In some cases, the internal teams of Chinese corporations far outnumber investment bankers at global banks in Asia. Goldman Sachs, for instance,...

  • BRASILIA, Dec 5- Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said. The head of the Senate is the second in line after the speaker of the lower house, as Brazil does not have a vice president at the moment. The change of leadership in...

  • Jonathan Ly, 28, entered his plea in federal court in Seattle to one count of securities fraud stemming from an insider trading scheme that prosecutors said netted the San Francisco resident $331,000. As part of a plea deal, Ly agreed to repay Expedia the $81,592 it spent investigating the computer intrusion. He also reached a $375,907 settlement with the U.S....

  • "EPA's sudden and controversial move to propose auto regulations eight months early- even after Congress warned agencies about taking such steps while political appointees were packing their bags- calls out for congressional action to pause this rulemaking until a thoughtful policy review can occur," said Gloria Bergquist, a spokeswoman for the group.

  • Aetna defended the deal on Monday, arguing that Medicare Advantage competes with the government's traditional Medicare program for elderly or disabled patients. Justice Department lawyer Craig Conrath told Judge John Bates of the U.S. District Court for the District of Columbia that traditional government-managed Medicare does not compete with...

  • DETROIT, Dec 5- Ford Motor Co will raise $2.8 billion in long-term debt, according to a filing with U.S. securities regulators, funds which a senior executive said on Monday will help fund investments in new technology including self-driving cars. Joe Hinrichs, Ford president of the Americas region, said the funds would largely go for investment in new technology...

  • BOSTON, Dec 5- For hedge fund manager Sahm Adrangi, 2016 is the year that can not end quickly enough. Adrangi's New York- based Kerrisdale Capital Management now oversees roughly $170 million, far less than the roughly $350 million he managed over the summer. He was also charged with criminal possession of a controlled substance, which was cocaine, East Hampton...

  • WASHINGTON— Interest rates on short-term Treasury bills were flat to higher in Monday's auction, with six-month bills reaching their highest level in three weeks. The Treasury Department auctioned $34 billion in three-month bills at a discount rate of 0.490 percent, unchanged from last week. For a $10,000 bill, the three-month price was $9,987.61, while a...