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Wires

  • DETROIT, June 23- Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken. The engineer's email was disclosed in a statement from Honda as part of its defense in a class action suit in Florida, where plaintiffs...

  • NEW YORK, June 23- U.S. For the third month in a row, was way below expectations, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis, Tennessee, adding that continued declines in non-seasonally adjusted consumer prices played a large role in the market move. after flattening to 95 basis points on Thursday, the lowest since December 2007.

  • Representative John Yarmuth, top Democrat on the House of Representatives Budget Committee, predicted Trump's promise to deliver the biggest tax reform since Ronald Reagan would have to be scaled back if the Republican-controlled Senate fails next week to adopt legislation dismantling Obamacare, formally known as the Affordable Care Act.

  • *Gold resistance at $1,260/ oz, 55- day moving average. NEW YORK/ LONDON, June 23- Gold prices climbed to one-week highs on Friday, boosted by a weaker dollar, economic and political uncertainty around the world, as well as the limited prospect of further interest rate rises in the United States. Louis Fed President James Bullard said on Friday, highlighting the...

  • Air Senegal was formed in April 2016 with 40 billion CFA francs in state capital to replace the now defunct, heavily indebted carrier Senegal Airlines. Senegal is aiming to become a regional air transportation hub with the scheduled December opening of the new Blaise Diagne International Airport located outside the capital Dakar. Senegal revoked the air...

  • WASHINGTON, June 23- Congressional leaders are quietly working on a bipartisan deal to raise the U.S. debt ceiling within weeks, hoping to prevent the difficult debt issue from snarling a budget fight to come in September, a senior Democratic budget writer said on Friday. John Yarmuth, top Democrat on the U.S. House of Representatives Budget Committee, told...

  • LONDON, June 23- A group of four international investment funds offered to inject 1.6 billion euros of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome. However the sources said the offer was not formally followed up on by Rome. The consortium led by U.S. hedge fund Sound Point Capital-...

  • The breakeven price at the Loma Campana field is $43 per barrel and falling while development costs are $12.90 per barrel and expected to fall to $10 next year, said Pablo Bizzotto, executive manager at YPF's unconventional resources unit. "Ten dollars is world-class compared with the Permian" shale field in Texas, he told reporters this week during a tour of...

  • NEW YORK, June 23- General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday. Terms of the settlement are confidential, but the accord could also resolve hundreds of state court claims, according to the filing.

  • By Narottam Medhora and Jim Finkle. WATERLOO, Ontario, June 23- BlackBerry Ltd posted quarterly revenue that missed analysts' forecasts due to an unexpected sales decline, pushing shares down as much as 13 percent, which would be their biggest one-day drop in more than two years. The Waterloo, Ontario- based company is focused on expanding sales to automakers and...

  • DETROIT— Honda is going public as it tries to debunk claims by lawyers that it knew about the dangers of Takata air bag inflators nearly two decades ago, but covered it up. The escalation of Honda's fight comes just three days before Takata Corp. is expected to seek bankruptcy protection in Japan and the United States. Honda also wants depositions from Takata...

  • PARIS, June 23- Russian military aviation firm MiG said on Friday it was ready to deepen its cooperation with India, just days after U.S. arms maker Lockheed Martin Corp agreed with Tata Advanced Systems to build F-16 fighters there. India's air force needs hundreds of aircraft to replace its Soviet-era fleet, but Prime Minister Narendra Modi's government has...

  • *Energy, housing stocks help lift Wall Street. NEW YORK, June 23- World stocks advanced on Friday and were on track to end the week with a slight gain as a drop in the dollar helped boost slumping oil prices. U.S. crude rose 0.58 percent to $42.99 per barrel and Brent was last at $45.50, up 0.62 percent on the day.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 15 cents, or 0.3 percent, at $45.37 a barrel by...

  • LIMA, June 23- Peru's Prime Minister Fernando Zavala was sworn in as finance minister on Friday, taking on the task of reviving the faltering economy and defusing conflict with the rightwing opposition that toppled the outgoing finance minister. The cabinet shuffle caps weeks of mounting friction with the opposition-controlled Congress that delivered a...

  • MEXICO CITY, June 23- Argentine online marketplace Mercado Libre Inc plans to provide working-capital loans to entrepreneurs in Brazil and Mexico this year, expanding on a program the company launched in its homeland last month. Sellers using Mercado Libre and its Mercado Pago payment platform will be eligible for loans equivalent to as much as two months of...

  • CHICAGO, June 23- MGEX spring wheat futures surged to a 2-1/ 2 year high on Friday and Chicago Board of Trade corn futures dipped to a six-month low in technically driven trade amid an outlook for generally favorable U.S. crop weather, traders said. Soybean futures touched the lowest levels in more than a year as dealers squared positions ahead of the weekend and a...

  • NASHVILLE, Tenn. June 23- The Federal Reserve should wait on any further rate increases until it is clear inflation is reliably heading to the Fed's 2 percent target, St. Louis Fed President James Bullard said on Friday, highlighting the central bank's struggle over how to weigh a recent slip in the rate of price increases. Even policy proposals that survive...

  • WASHINGTON— The Trump administration is set to authorize the sale of unarmed surveillance drones to India, a congressional aide and industry representative said Friday, as the two nations' leaders prepare for their first face-to-face meeting. India initiated its request to buy 22 Guardian unmanned aircraft for maritime surveillance last year.

  • June 23- Brazil's top federal prosecutor will level corruption charges against President Michel Temer one at a time instead of making all the accusations at once, a strategy aimed at weakening his defense, a source with direct knowledge of the process told Reuters on Friday. Under Brazilian law, any criminal charges against a sitting president must be approved...