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Wires

  • NEW YORK/ LONDON, Feb 22- Gold turned higher as the dollar shifted lower on Wednesday, after minutes from the last U.S. 2:56 p.m. EST, while U.S. gold futures settled down 0.5 percent at $1,233.30, prior to the release of the minutes. "Gold rallied after the January Fed minutes suggested that voting members were relaxed about having' ample' time to respond to inflation...

  • CANNON BALL, N.D., Feb 22- Protesters opposed to the Dakota Access pipeline braced for a showdown with authorities as some vowed to defy Wednesday's deadline to abandon the camp they have occupied for months in a bid to halt the project. President Donald Trump has pushed for the completion of the multibillion-dollar pipeline since he took office last month,...

  • OXFORD, England, Feb 22- Economic experts, maligned in an age of populist movements and fake news, must come clean when they are uncertain about the future if they are to regain the trust of the public, Bank of England Deputy Governor Minouche Shafik said on Wednesday. Her comments reflect a bout of soul-searching among BoE policymakers, who have been criticised by...

  • BRASILIA, Feb 22- Brazil's Forjas Taurus SA, the largest weapons maker in Latin America, shipped guns to the son of a known arms trafficker in July 2015, three months after the United Nations imposed an arms embargo on his allies in Yemen's civil war, according to a U.N. report released last week. U.N. experts on the conflict in Yemen said an investigation turned up...

  • Feb 22- U.S. stocks were modestly weaker on Wednesday after the release of minutes from the Federal Reserve's latest meeting showed many of the central bank's policymakers said it may be appropriate to raise interest rates again "fairly soon." The major U.S. indexes are trading around record highs, driven up since President Donald Trump's Nov 8 election by the...

  • WASHINGTON, Feb 22- Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday. Last week, Fed Chair Janet Yellen said waiting too long to raise rates again would be "unwise" and...

  • NEW YORK, Feb 22- Oil prices fell 1.5 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal with other producers to curb output. U.S. crude stocks likely rose 3.5 barrels last week, its seventh straight build, analysts polled ahead of weekly...

  • LONDON/ FRANKFURT/ PARIS, Feb 22- French carmaker PSA Group expects its planned acquisition of General Motors' Opel division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros annually, sources said, adding that a deal could be finalised in early March. PSA also plans to make swift progress on technical convergence with GM's...

  • HAVANA— Cuban President Raul Castro appears eager to maintain better relations with the United States and gave a group of U.S. Congress members signed copies of a recent speech expressing his willingness to negotiate with President Donald Trump, Sen. Leahy and four other members of Congress spoke to reporters Wednesday at the end of a three-day trip to Cuba...

  • WASHINGTON, Feb 22- Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday. The minutes of the Jan. 31- Feb. 1 discussion, at which the U.S. central bank voted to keep rates...

  • COPENHAGEN, Feb 22- Danish biotech drugmaker Genmab's Darzalex, which is used to fight cancer in bone marrow and marketed by Johnson& Johnson, has the potential to achieve annual peak annual sales as high as $13 billion, its chief executive told Reuters. So that means $13 billion potential if it would work in all the indications, Jan van de Winkel said on Wednesday.

  • NEW YORK, Feb 22- Investors galloped into stocks for the third straight week, delivering U.S.-based funds invested in companies abroad the most cash since August 2015, Investment Company Institute data released on Wednesday show. World stock funds attracted $5.3 billion, the most since August 2015, the trade group said, as investors built up bets in relatively...

  • WASHINGTON, Feb 22- The U.S. International Trade Commission said on Wednesday that subsidized bus and truck tires imported from China had not damaged the U.S. industry. China's Ministry of Commerce said the January finding was extremely unfair and gravely harmed China's interests, according to an article on China's state radio website. The probe was launched...

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • MILAN, Feb 22- The curtain went up on Milan's fashion week on Wednesday with Gucci's enchanted garden inspired looks and Fay's 1990 s rock chick styles paraded for the womenswear autumn and winter 2017/ 2018 season. After New York and London, the Italian capital of fashion will be the setting for six days of runway shows, exhibitions, parties and events as the...

  • NEW YORK— McDonald's is hoping $1 sodas can help draw more customers into its stores in the U.S. as it fights to reverse four years of declining visits. The company says it plans to offer $1 sodas of any size for a limited time starting in April, with smoothies, frappes and shakes being sold $2. The deals, earlier reported by Bloomberg, come after McDonald's sales dipped...

  • NEW YORK— HSN Inc., long a base for home shopping on TV, wants to refashion itself for shoppers more used to buying on their mobile phones. HSN's fourth-quarter results, released Wednesday, showed a 2 percent decline in revenue to $1.07 billion as profit fell 27 percent to $43.5 million. That beat Wall Street expectations, and the company's shares rose nearly 8...

  • SAN FRANCISCO, Feb 22- Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker's first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity. Wall Street estimates for Tesla's fourth-quarter loss per share vary widely, potentially due in part to the deal. More recently, the Silicon Valley...

  • WASHINGTON, Feb 22- Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday. The minutes of the Jan. 31- Feb. 1 discussion, at which the U.S. central bank voted to keep rates...

  • Feb 22- U.S. satellite TV provider Dish Network Corp reported a better-than-expected profit and added pay-TV subscribers in the fourth quarter as more customers signed up for its lower-priced Sling TV streaming service. Shares rose 1 percent to $63.42 in afternoon trading. On the company's post-earnings conference call, Chief Executive Charlie Ergen said a...