Wires

  • SAO PAULO, Dec 9- Yields paid on Brazilian rate futures fell on Friday after the country reported its slowest monthly inflation since 1998, consolidating bets on a sharper interest rate cut next month. Central bank Governor Ilan Goldfajn had said on Wednesday keeping inflation expectations in check is crucial for the bank to continue cutting rates and that a...

  • CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 4 cents lower $4.0420 a bushel; December corn was up. 20 cent at $3.4660 a bushel; DEcember oats was 4.40 cents higher at $2.1840 a bushel while January soybeans gained. 60 cent to $10.2760 a bushel. December live cattle was. 55 cent lower at $1.0850 a...

  • *TOKI the main developer of Syria border wall. ANKARA, Dec 9- Turkey will finish building a wall along its 900 km border with Syria by next April, the head of one of its main developers said on Friday, in an attempt by Ankara to prevent Islamic State from entering the country. State housing developer TOKI, better known for low-cost, high-rise apartment blocks in...

  • LIMA, Dec 9- An indigenous federation opposed to a recently approved plan for oil drilling in the Peruvian Amazon said on Friday that native communities will physically block any attempt by oil companies to operate on their lands. Last week the Peruvian government gave the green light for Santiago- based GeoPark Ltd to produce oil in Block 64 with state-owned...

  • Dec 9- Shares of Athene Holding Ltd jumped as much as 9.2 percent in their debut on Friday, valuing the fixed annuity service provider at about $8.25 billion in the year's largest financial IPO. Bermuda- based Athene, which is backed by private equity firm Apollo Global Management LLC, said on Thursday that 27 million class A shares had been priced at $40 each.

  • Dec 9- American Airlines Group Inc said higher average fares per mile have boosted its revenue and profit expectations for the fourth quarter, a day after rival United Continental Holdings Inc also raised forecasts. Shares of top U.S. airlines rose on Friday, with American's up 4 percent and United's up 4.2 percent. "United provided a solid upward guide to Q4...

  • *Essential for responsible approach from non- OPEC- source. *Moscow to discuss cuts schedule with non- OPEC- source. MOSCOW, Dec 9- Russia plans to hold additional talks on Friday with some OPEC and non- OPEC nations to discuss unresolved issues related to a planned cut in oil output ahead of a wider meeting the following day in Vienna, two Russian sources told Reuters.

  • WASHINGTON, Dec 9- The U.S. derivatives regulator will move on from reforms undertaken after the 2007-09 financial crisis to a new focus on U.S. competitiveness and the potential for shocks to the global $710 trillion swaps markets under President-elect Donald Trump. J. Christopher Giancarlo, in line to head the Commodity Futures Trading Commission once Trump...

  • NEW YORK, Dec 9- U.S. The rise in U.S. yields was also underpinned by ongoing bond sales tied to European Central Bank's surprise decision on Thursday to reduce its monthly bond purchases to 60 billion euros from the current 80 billion euros, starting in April 2017. "It's the continuation of the ECB trade," said Jim Vogel, interest rate strategist at FTN Financial in...

  • Dec 9- Peet's Coffee& Tea, a longtime rival to Starbucks Corp, said on Friday it will invest $58 million to open a new coffee roasting facility in Suffolk, Virginia, to support its expanding business in an increasingly competitive environment. Peet's Chief Executive Dave Burwick told Reuters the new plant will create 135 new jobs and support the company's...

  • President-elect Donald Trump, said on Friday he saw significant business opportunities in Russia. Page arrived in Moscow on Thursday and told Russia's RIA news agency he was visiting Russia to work on economic projects. Page has previously worked in Russia, spending three years in Moscow at U.S. investment bank Merrill Lynch, but his credentials came under...

  • TORONTO, Dec 9- Canada's main stock index extended a 19- month high on Friday and was heading for a 1.8 percent jump over the week as heavyweight energy and bank stocks gained with rising oil prices and bond yields. Cenovus Energy Inc added 1.6 percent to C $20.81 a day after it said it planned to increase its 2017 capital budget by about 24 percent and resume work on...

  • Federal prosecutors said Friday they have "secured evidence" at the AMAG Group, which is cooperating with the probe. Some 2,000 criminal complaints were filed in Switzerland last year related to the Volkswagen emissions-rigging scandal. Almost 600 Swiss plaintiffs took the issue to the country's top criminal court, which ordered prosecutors to open a probe...

  • DOLLAR TO SESSION LOW OF $1.0546.

  • The Standard& Poor's 500 index rose 7 points, or 0.3 percent, to 2,252. The Nasdaq composite gained 29 points, or 0.5 percent, to 5,446. The Russell 2000 index of smaller-company stocks advanced 4 points, or 0.3 percent, to 1,390. All four indexes closed at record highs Thursday and they're on pace for their biggest weekly gains since the presidential election.

  • WASHINGTON, Dec 9- U.S. wholesale inventories fell as previously reported in October amid a surge in sales, supporting views that inventory investment would provide a modest boost to economic growth in the fourth quarter. The Commerce Department said on Friday that wholesale inventories decreased 0.4 percent after rising 0.1 percent in September.

  • LONDON, Dec 9- Angola does not need to devalue its currency at the moment but will work on measures to lessen the gap between the formal and informal exchange rates, central bank governor Valter Filipe da Silva told Reuters. Angola's economy has been suffering from the drop in crude prices and an acute hard currency crunch, fueling a thriving black market for the...

  • WASHINGTON— U.S. wholesale businesses cut back their stockpiles while sales rose in October. That's a trend that could boost demand for factory goods in the months ahead. The Commerce Department says that wholesale inventories fell 0.4 percent, the largest drop in eight months.

  • PARIS, Dec 9- Just how fast the Federal Reserve hikes rates next year will be the all-important question global investors will be hoping to get answered when the U.S. central bank meets next week. Meanwhile, the Bank of England is widely expected to keep its key rate steady at 0.25 percent at a policy-setting meeting on Thursday and well beyond as it juggles risks...

  • FRANKFURT, Germany— Shares in troubled Italian bank Monte dei Paschi di Siena have plunged after news reports that the bank's request for more time to raise new capital from investors has been rejected by regulators. Shares in MPS, as it is known, were down 14.1 percent on Friday to 18.73 euros and were temporarily suspended. The bank asked the European Central...