Wires

  • TORONTO, Jan 18- The Canadian dollar weakened against its U.S. counterpart on Wednesday, paring some recent gains ahead of a Bank of Canada interest rate decision as oil fell and the greenback rebounded against a basket of major currencies. At 8:55 a.m. ET, the Canadian dollar was trading at C $1.3111 to the greenback, or 76.27 U.S. cents, weaker than Tuesday's close...

  • LONDON, Jan 18- Britain's Supreme Court said it will deliver its ruling next Tuesday on whether Prime Minister Theresa May can begin the process of leaving the European Union without parliament's assent. However, London's High Court decided last November that it would be unlawful for May to trigger Article 50 alone using executive powers known as "royal...

  • By Jacob Gronholt-Pedersen and Teis Jensen. COPENHAGEN, Jan 18- Enzymes maker Novozymes will cut 198 jobs and invest more in emerging markets, it said on Wednesday, adding it could time take to recapture past growth rates amid uncertainty over U.S. renewable energy policy and the takeover of a key partner. "This is a new reality for Novozymes," Chief Executive Peder...

  • NEW YORK, Jan 18- U.S. application activity for refinancing rose to its highest since mid-December as home borrowing costs fell for a third straight week, Mortgage Bankers Association data released on Wednesday showed. The Washington- based industry group said its seasonally adjusted measure on applications for mortgages rose to 1,263.2 in the week ended Jan....

  • NEW YORK, Jan 18- U.S. Treasury yields rose on Wednesday after data showed rising consumer prices and as investors awaited a speech by Federal Reserve Chair Janet Yellen. Yellen is due to speak at 3 p.m. EST about monetary policy to the Commonwealth Club in San Francisco.

  • President-elect Donald Trump plans to select the media representatives who are given access to the presidential press briefing room, but will not move the room out of the White House, he said in interview with Fox News broadcast on Wednesday. A New York businessman and former reality TV star, Trump often used Twitter during the campaign to communicate his views,...

  • FRANKFURT, Jan 18- A wave of deals in the wind power industry, waiting to gauge the impact of Donald Trump's election and Brexit, has highlighted opposing strategies in the production of the most complicated and sensitive turbine components: blades. This conflicts with outsourcing strategies at rivals including Denmark's Vestas, China's Goldwind and Spain's...

  • *Fed Chair Yellen set to speak at 3:00 p.m. ET. Jan 18- U.S. stocks looked set to open slightly higher on Wednesday as investors assessed bank earnings and economic data, while awaiting Federal Reserve Chair Janet Yellen's speech. Investors are also awaiting President-elect Donald Trump's inaugural speech on Friday to gain insight into his plans for the U.S....

  • Jan 18- Citigroup Inc reported a 7 percent rise in quarterly profit, wrapping up a strong quarter for big U.S. banks, as trading in bonds and currencies surged following Donald Trump's surprise victory in November. Citi's net income rose to $3.57 billion, or $1.14 per share, in the quarter ended Dec. 31, from $3.34 billion, or $1.02 per share, a year earlier, topping the...

  • Jan 18- Target Corp cut its quarterly earnings forecast after sales for the holiday season came in lower than expected due to weak demand for electronics, food and other products, and its shares fell more than 3 percent. Chief Executive Officer Brian Cornell on Wednesday cited disappointing store traffic and sales trends throughout November and December.

  • WASHINGTON, Jan 18- U.S. consumer prices rose in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/ 2 years and signaling that inflation pressures could be building. The Labor Department said on Wednesday its Consumer Price Index rose 0.3 percent last month after gaining 0.2 percent in...

  • Jan 18- Goldman Sachs Group Inc reported a nearly fourfold rise in quarterly profit on Wednesday, benefiting from a surge in trading following Donald Trump's surprise win in the U.S. presidential election. The fifth largest U.S. bank by assets, which relies more on revenue from trading stocks and bonds than other Wall Street companies, posted a 25 percent jump in...

  • SAN FRANCISCO _ The Charles Schwab Corp. on Wednesday reported fourth-quarter net income of $522 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share. Seven analysts surveyed by Zacks expected $1.98 billion.

  • OIL PRICES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 AT SESSION LOW OF $54.45 A BARREL.

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. Will Horton, a Hong Kong- based analyst for aviation consultancy CAPA, described what had been said so far as underwhelming given the scale...

  • CARACAS, Jan 18- Shipping operations at one of three docks of Venezuela's main crude exporting port have "recovered" after a "minor" oil spill occurred over the weekend, state oil company PDVSA said on Wednesday, without saying how big the spill was. A spill occurred while loading a vessel bound for India at Jose port's eastern dock, union and shipping sources told...

  • BISMARCK, N.D.— The Army says it's planning to study the potential environmental impact of routing the $3.8 billion Dakota Access pipeline under the Missouri River in North Dakota, although a judge could stall the study. The Army published a notice in the Federal Register Wednesday of its intent to prepare an environmental impact statement on the Lake Oahe...

  • *OPEC output falls 221,000 bpd in December, led by Saudi, Nigeria. *Says early signs on non- OPEC compliance with oil cuts positive. "A continued normalisation of monetary policies, indicating improving economic conditions, together with the recent historic cooperation between OPEC and non- OPEC producers, should help to bring needed stability to the oil market,"...

  • DAVOS, Switzerland, Jan 18- HSBC became the first major bank to detail plans to move jobs out of London after Brexit, saying it will relocate staff responsible for generating around a fifth of its UK- based trading revenue to Paris after Britain leaves the EU. "We will move in about two years time when Brexit becomes effective," the bank's Chief Executive Stuart...

  • WASHINGTON— U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years. The Labor Department reported Wednesday that its consumer price index increased 0.3 percent last month, up from a 0.2 percent gain in November. The Fed has now boosted rates twice in...