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Wires

  • BOGOTA, March 22- Colombia could produce at least 95 million tonnes of coal in 2017, below an initial target of 102 million tonnes, the mining vice-minister said on Wednesday. "The country's great potential in coal is reflected in the close to 6 billion tonnes of reserves and a potential of 16 billion tonnes," Carlos Cante, vice-minister of mining and energy, told a...

  • PTC said last week that it would buy Marathon Pharmaceuticals LLC's recently approved Duchenne muscular dystrophy drug, Emflaza, and promised to re-examine the hefty U.S. price tag for the treatment, known generically as deflazacort. Marathon did not invent deflazacort and patients in the United States had been able to import it for as little as $1,000, but...

  • BRASILIA, March 22- Brazil's government on Wednesday postponed a much-awaited decision on potential budget freezes and tax hikes for this year, saying that the final numbers depend on upcoming court rulings that are expected to help the government raise revenues. The court decisions expected to generate additional revenues for the government include a...

  • *Canadian dollar at C $1.3334 or 75.00 U.S. cents. Canada's Liberal government's budget contained few surprises, in line with expectations that Ottawa wants to wait to see what impact U.S. trading at C $1.3334 to the greenback, or 75.00 U.S. cents, stronger than the Bank of Canada's official close of C $1.3327, or 75.03 U.S. cents.

  • March 22- Financial market concerns are rising about the pace of policymaking in Washington under U.S. President Donald Trump and fellow Republicans in Congress, with investors focused on knock-on effects from any setbacks in Trump's Obamacare rollback plan. April 3: Senate Judiciary Committee expected to vote on Supreme Court nominee Neil Gorsuch, sending...

  • DETROIT, March 22- The cost to implement tough fuel-efficiency standards for cars imposed by the Obama administration for the first half of the next decade could be up to 40 percent lower than previously estimated using existing conventional technologies, according to a report from a nonprofit group released on Wednesday. Instead of an average cost of $875...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • WASHINGTON— The Republican-led Senate is blocking an Obama-era rule that critics said would have led to excessive citations for workplace safety record-keeping violations. Senators have voted 50-48 to block the Labor Department rule. The legislation now goes to President Donald Trump for his signature.

  • Intervening would let them file legal briefs, cross-examine witnesses and present formal arguments alongside attorneys for pipeline developer TransCanada. TransCanada spokesman Terry Cuhna says the company will keep working with residents. Opponents on Wednesday will ask the Nebraska Public Service Commission to let them intervene in the case,...

  • NEW YORK— Starbucks CEO Howard Schultz presided over his last annual shareholder meeting as head of the company Wednesday by standing by its pledge to hire refugees and expanding on previously announced goals to hire veterans and at-risk youth. The moves underscored the progressive image Schultz has helped cultivate for Starbucks as he prepares to cede the...

  • BRASILIA/ SAO PAULO, March 22- Brazil's antitrust watchdog Cade on Wednesday approved BM&FBovespa SA's takeover of rival Cetip SA Mercados Organizados, and will not require any antitrust measures beyond those the exchange and clearinghouse firms proposed themselves. The spike in shares was "mainly due to the approval of the deal with remedies that were not...

  • TORONTO _ Franco-Nevada Corp. on Wednesday reported a loss of $4.5 million in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Franco-Nevada shares have climbed slightly more than 7 percent since the beginning of the year.

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy Dubai- based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.

  • Google, owned by Alphabet Inc, said audio-only calls on Duo would be available from Wednesday in Brazil, and would be rolled out to users around the world in the coming days. With more than 139 million people online, Brazil ranks among the top five internet populations in the world. In response to requests from users in countries like Brazil, Google said that Android...

  • NEW YORK, March 22- Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for illegally shipping U.S. goods and technology to Iran. The company admitted to three charges: conspiring to export American-made items to Iran without a license from the U.S. government, obstructing justice, and making a material false...

  • SAN JUAN, Puerto Rico— The sole tentative debt restructuring deal that Puerto Rico reached after two years of negotiations is in jeopardy after federal control board officials said Wednesday that they would support the U.S. territory's push to amend the agreement. "The goal is to be able to deliver reliable energy at sustainable rates to the people and...

  • The Senate began debate on Wednesday evening under a provision that allows Congress to repeal recently approved federal regulations. Earlier this month, the FCC temporarily blocked those rules from taking effect, a victory for internet providers such as AT&T Inc Comcast Corp and Verizon Communications Inc that had strongly opposed the measure.

  • LOS ANGELES, March 22- Worldwide movie ticket sales increased by 1 percent to a record $38.6 billion in 2016 as theaters in the United States and Canada rung up higher sales and overseas returns were flat, according to industry statistics released on Wednesday. China is the world's second-largest film market behind the United States and Canada.

  • NEWPORT, R.I. _ Pangaea Logistics Solutions Ltd. on Wednesday reported fourth-quarter net income of $66,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Newport, Rhode Island- based company said it had profit of less than 1 cent. For the year, the company reported profit of $7.5 million, or 21 cents per share.