Wires

  • BUDAPEST, Jan 24- Hungary's forint touched its weakest level against the euro this year on Tuesday after the central bank reaffirmed its dovish policy bias in the face of rising inflation. The forint reached a 2017 low of 310.56 per euro after the rate announcement and was trading at 310.23 at 1554 GMT, down 0.1 percent while other Central European currencies...

  • Excluding items, the New York- based company earned 86 cents per share, missing the average estimate of 89 cents, according to Thomson Reuters I/B/E/S. Net income attributable to Verizon fell to $4.5 billion, or $1.10 per share, in the three months ended Dec. 31 from $5.39 billion, or $1.32 per share, a year earlier. The company, whose deal to buy Yahoo Inc's core assets...

  • MEXICO CITY, Jan 24- Mexico's annual inflation shot up in early January to its fastest pace in over four years, stoked by a government-led increase in gasoline prices and raising the chances of another interest rate hike next month. The government raised fuel costs by up to 20 percent starting Jan. 1, prompting looting, blockades and marches. President Donald Trump...

  • WASHINGTON, Jan 24- U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, which could have limited choice for buyers. The National Association of Realtors said on Tuesday existing home sales decreased 2.8 percent to a seasonally adjusted annual rate of 5.49 million units.

  • WASHINGTON, Jan 24- The U.S. budget deficit is expected to dip in fiscal year 2017 but expand later in the decade, the nonpartisan Congressional Budget Office said in a report on Tuesday that showed President Donald Trump inheriting a tricky long-term deficit picture. The CBO projected the deficit to fall slightly to $559 billion in fiscal year 2017 compared to...

  • CAPE CANAVERAL, Fla., Jan 24- Five teams have qualified to compete in a $30 million Google-backed competition to land and operate robotic spacecraft on the surface of the moon, the XPrize Foundation said on Tuesday. Contenders now have until Dec. 31 for their spacecraft to be launched, said the foundation, which is running the Google Lunar XPrize and eight other...

  • CAPE CANAVERAL, Fla., Jan 24- Five teams have qualified to compete in a $30 million Google-backed competition to land and operate robotic spacecraft on the surface of the moon, the XPrize Foundation said on Tuesday. Contenders now have until Dec. 31 for their spacecraft to be launched, said the foundation, which is running the Google Lunar XPrize and eight other...

  • Oil producers in North Dakota's Bakken region would likely benefit from transporting oil to the U.S. Gulf Coast through the 1,172- mile pipeline. The Standing Rock Sioux Tribe, whose reservation is adjacent to the proposed Dakota pipeline, won a key victory when the U.S. Army Corps of Engineers in early December turned down ETP's request for an easement to...

  • *Repo rate unchanged at 7 percent. PRETORIA, Jan 24- The South African Reserve Bank kept lending rates unchanged at 7 percent on Tuesday, saying the near-term outlook for inflation had deteriorated and domestic growth remained constrained. Governor Lesetja Kganyago said that despite the outlook the central bank's Monetary Policy Committee still held the...

  • DUBAI/ LONDON, Jan 24- Saudi Arabia's oil output is likely to drop to around 9.9 million barrels per day in January and exports are down from December, according to industry sources and shipping data, as the OPEC heavyweight plays its part in a global supply-cut deal. The kingdom, which said it pumped 10.47 million bpd in December, has cut production slightly below...

  • "Ask Brianna" is a Q&A column from NerdWallet for 20- somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans— all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com.

  • DOWNINGTOWN, Pa. _ DNB Financial Corp. on Tuesday reported fourth-quarter profit of $2.3 million. The Downingtown, Pennsylvania- based bank said it had earnings of 55 cents per share. DNB Financial shares have increased slightly more than 1 percent since the beginning of the year.

  • AMSTERDAM, Jan 24- Medical equipment maker Philips missed forecasts for fourth-quarter earnings on Tuesday and disclosed a dispute with the U.S. Justice Department over heart defibrillators it had sold until 2016, but said the matter would not alter its medium term outlook. Van Houten said Philips' defibrillator business would be "impacted" but the scope was...

  • Jan 24- Activist investor Legion Partners Asset Management LLC, which reported a 6.3 percent stake in Banc of California Inc on Tuesday, said the company should consider all strategic alternatives, including a sale. Legion Partners said it had serious concerns with the lender's corporate governance and had lost confidence in its board. The board should...

  • *Adjusted Q4 EPS of $0.51 vs est $0.42. Jan 24- Chemicals and seeds producer DuPont indicated on Tuesday that its $130- billion merger with Dow Chemical Co will take longer to wrap up than previously expected as the companies await regulatory approvals. This is the second time that the two companies, which are in talks with the European Union antitrust regulators,...

  • CHICAGO— Grain futures were lower Tuesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.20 cents lower at $4.31 a bushel; March corn was down 3 cents at $3.6640 a bushel; March oats was down 1 cent at $2.59 a bushel while January soybeans lower 6 cents to $10.5160 a bushel. February live cattle was. 38 cent higher at $1.2063 a pound;...

  • *Egypt launches first gold-mining tender since 2009. *Three foreign players active in Egypt say they won't bid. But mining companies active in Egypt and Africa say the new exploration round, which offers five concession areas and closes on April 20, is unlikely to lure investors because of commercial terms they say are among the least attractive in the world.

  • NEW YORK, Jan 24- U.S. Treasury yields rose on Tuesday, in step with their European counterparts, following a high court ruling on Britain's decision to bolt from the European Union and encouraging data on euro zone manufacturing data. In overseas trading, Treasuries yields took cue from the increase in Bund and British government yields after the U.K. Supreme...