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Wires

  • FRANKFURT/ MONTREAL, July 21- Canada's Bombardier and Germany's Siemens are in the final stages of talks to combine their rail operations, several sources familiar with the matter said on Friday, in a deal that would give the two added heft to compete against Chinese rail giant CRRC. Siemens' supervisory board will discuss the matter at its meeting on Aug. 2, while...

  • "It is a little bit of a moderation in the weather forecast," said Bill Gentry, a broker at Risk Management Commodities. Wheat futures were weaker, with a sell-off in MGEX spring pulling Chicago Board of Trade soft red winter wheat and K.C. hard red winter wheat contracts into negative territory. At 11:31 a.m. CDT, Chicago Board of Trade December corn futures were...

  • *STOXX 600 down 1 percent. LONDON, July 21- European shares sank on Friday as the euro strengthened company earnings disappointed at the end of a turbulent week. "While earnings seasons over the past year have typically started strong before turning worse, the current season is off to a decidedly weak start", Deutsche Bank's equity strategist Wolf von Rotberg, said.

  • NEW YORK, July 21- Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs. Small-caps, which led the market's rally just after the Nov. 8 election of Donald Trump as U.S. president, are facing weak earnings forecasts, little progress on tax reform and recent outflows.

  • "There's just one company in the U.S. that can repair propellers for Navy submarines," Peter Navarro, the White House National Trade Council director, said as he explained the order to reporters. "The ability of the U.S. to manufacture and obtain goods critical to our national security could be hampered by an inability to obtain essential components, which may not...

  • *OPEC, non- OPEC committee to discuss oil pact in Russia. Petro-Logistics, which tracks OPEC supply forecasts, said OPEC crude production would rise by 145,000 barrels per day this month, taking the group's combined output above 33 million bpd. OPEC and some non- OPEC states, such as Russia, pledged to cut production by 1.8 million bpd between January this year and the...

  • WASHINGTON, July 21- Ford Motor Co will petition to avoid a U.S. recall of about 2.5 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday. Separately, the National Highway Traffic Safety Administration said Nissan Motor Co had agreed to recall 515,394...

  • *Telecom Italia calls July 24 board meeting on CEO exit. MILAN, July 21- Telecom Italia's board will discuss on July 24 the departure of Chief Executive Flavio Cattaneo, the company said on Friday, confirming a Reuters story that Cattaneo would leave soon following clashes with top shareholder Vivendi. In a statement, Telecom Italia said its remuneration and...

  • HELSINKI— Latvia's financial watchdog has fined two local banks for attempting to circumvent international sanctions on North Korea in a case that U.S. law enforcement authorities helped to identify. The Latvian Financial and Capital Market Commission said Friday that Norvik Banka and Rietumu Banka have agreed to pay 1.3 million euros and 1.6 million...

  • DAR ES SALAAM, July 21- Tanzania's President John Magufuli has threatened to shut all gold mines in the country if mining companies delay talks to resolve a dispute over billions of dollars in back taxes the government says they owe. Magufuli has sent shock-waves through the mining community in Africa's fourth-largest gold producer since his election late in...

  • Earlier this month Takata filed documents with the U.S. government adding 2.7 million vehicles to the recall from Ford, Nissan and Mazda. But the National Highway Traffic Safety Administration has said that Takata tests showed the inflator propellant can degrade and will pose a safety risk if the inflators aren't replaced. Nissan agreed to recall about...

  • LONDON, July 21- The euro's blistering rise to a two-year high could start to threaten the bright outlook for European firms' profits, big brokers and investors warned, putting a dampener on enthusiasm around the region's equity markets which have drawn strong inflows this year. More than half the revenue of top European firms is generated outside the euro zone,...

  • SEATTLE— Amazon's new ready-to-eat meal package is the perfect recipe for someone who doesn't have enough time to shop and cook, yet has a healthy appetite and a need for balanced meals. For now, Amazon's meal kits are available only in limited markets, including Seattle. When I tried to place my order Tuesday, Amazon said the only delivery times left that day were...

  • ABUJA, July 21- Nigerian Muslim pilgrims travelling to Saudi Arabia this year should be able to buy their dollars for 200 naira, far below the official rate, the country's parliament has recommended. A report by lawmakers in Nigeria's upper house said this followed an investigation by the Senate's foreign affairs committee into alleged extortion in haj...

  • LONDON, July 21- British finance minister Philip Hammond told the board of U.S. investment bank Goldman Sachs that he was pushing for a lengthy transition period after Britain leaves the European union, a source familiar with the talks said. The source said Hammond made a presentation to the Goldman Sachs board on June 29 when chief executive Lloyd Blankfein was...

  • *Europe stock index drops, Germany's DAX down nearly 2 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • ST. LOUIS— A federal judge on Friday approved an $11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities. District Judge John Ross in St. Louis gave preliminary approval to a class action settlement that...

  • WASHINGTON— President Donald Trump plans to review the U.S. manufacturing base and supply chains because of possible national security risks. Peter Navarro, the top White House aide on trade and industrial policy, says the president will sign an executive order Friday for a 270- day review to be led by the Defense Department. The order joins a Commerce...

  • LONDON, July 21- Euro zone bond yields fell across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus. The ECB left its ultra-easy monetary policy unchanged on Thursday and did not discuss clawing back stimulus, though ECB...

  • The Federal Energy Regulatory Commission released its final environmental impact statement for the natural gas pipeline Friday. Leslie Hartz, a vice president of Dominion Energy, said in a statement that the report "provides a clear path for final approval" in the fall. The 600- mile pipeline would carry natural gas across West Virginia, Virginia and North...