×

Wires

  • NEW YORK, March 24- High U.S. share prices are pushing Lipper Award-winning equity fund managers into the shares of beaten-down healthcare companies, retailers and emerging-market stocks that they say offer a greater chance for outsized gains. Fund managers from Poplar Forest, Parnassus Investments and Brandes Investment Partners are among the 2017 Lipper...

  • NEW YORK, March 24- U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country a sign that output may not rise as swiftly as drilling activity would indicate. Rising U.S. shale output has rattled OPEC's most influential exporter Saudi Arabia and pushed oil prices to a...

  • SEATTLE, March 24- A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts. Aerospace components often zigzag through multiple countries and companies before reaching Boeing's...

  • SHANGHAI, March 24- Hong Kong stocks drifted lower on Friday morning, with investors watching corporate earnings and a vote on a healthcare bill seen as President Donald Trump's first policy test. China stocks were roughly flat, with gains in transport stocks offset by losses in energy majors. In Hong Kong, the benchmark Hang Seng index dropped 0.1 percent, to...

  • TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said on Friday he does not expect the central bank to raise its bond yield targets now, and will look at underlying trend inflation in guiding monetary policy. "If inflation in Japan accelerates sharply, at some point the BOJ may debate adjusting its interest-rate targets," Kuroda said at a Reuters Newsmaker...

  • *Next meeting is April 26-27. *Exports boosting Japan economy but domestic demand weak. TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said on Friday there is "no reason" to withdraw the bank's massive monetary stimulus now as inflation remains far from its 2 percent target.

  • MEXICO CITY/ WASHINGTON, March 23- A group of 14 nations urged Venezuela on Thursday to hold elections and release "political prisoners," in a joint statement that kept open the option of seeking to suspend the South American country from the Organization of American States. The statement, which Mexico's Foreign Minister Luis Videgaray said was aimed at...

  • *Spot gold may test support at $1,237/ oz- technicals. Spot gold was down 0.2 percent at $1,243.23 per. On Thursday, it touched its strongest since Feb. 28 at $1,253.12.

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering center to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering centre to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • NEW DELHI, March 24- Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. After burning through millions of dollars over three years in a battle for market share...

  • SINGAPORE/ SEOUL, March 24- A little-known South Korean group is in advanced talks to acquire a stake in AirAsia Bhd's aircraft leasing unit, according to three people familiar with the matter. Two of the people said a deal would value AirAsia's fully-owned unit, Asia Aviation Capital, at roughly $900 million. A successful deal would mark South Korea's biggest...

  • *Ride-Sharing service Lyft latest to remove Youtube ads after they appeared next to offensive videos- NYT.

  • March 23- California's air quality board voted unanimously on Thursday to approve methane regulations touted as the strictest adopted yet in the United States for controlling emissions of the second-most prevalent greenhouse gas in the atmosphere. The action comes more than a year after a massive methane leak at the Aliso Canyon gas storage field, owned by...

  • CORRECTED-RIDE-SHARING SERVICE LYFT LATEST TO REMOVE YOUTUBE ADS AFTER THEY APPEARED NEXT TO OFFENSIVE VIDEOS- NYT.

  • TOKYO, March 24- The dollar edged up against the yen and euro on Friday, pulling away from recent lows, but gains were capped as investors focused on a showdown between U.S. Postponement of the vote from Thursday initially knocked the dollar and stock markets, but the dollar was given breathing space as Treasury yields turned higher after Wall Street shares...

  • RIDE-SHARING SERVICE LYFT LATEST TO REMOVE THEIR ADS AFTER THEY APPEARED NEXT TO OFFENSIVE VIDEOS- NYT.

  • SINGAPORE, March 24- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Traders said the lift in prices came as a report that Saudi Arabia's crude exports to the United States in March would fall by around 300,000 barrels per day from...

  • TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said on Friday there is "no reason" to withdraw the bank's massive monetary stimulus now as inflation remains distant from its 2 percent target. "While some improvements have been observed in economic and price developments, there is still a long way to go to achieve our price target," Kuroda said in a speech at a...

  • MANILA, March 24- The Philippines' environment agency has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major mining crackdown. More than half of all mines in the Philippines have been ordered to permanently shut to protect...