Wires

  • *British PM seen taking' hard Brexit' line in speech. LONDON, Jan 17- Euro zone bond yields fell on Tuesday as investors fretted about the economic consequences of a' hard Brexit', though an ECB meeting that could shine a light on divisions between policymakers kept falls in check. British Prime Minister Theresa May will on Tuesday spell out her 12 priorities for...

  • LONDON— Prime Minister Theresa May is preparing to make a speech that will signal that Britain will make a clean break from the European Union and not seek to remain "half-in, half-out." In her most detailed address on the U.K.' s exit strategy, May will say that Britain doesn't want "partial membership of the European Union" or "to hold on to bits of membership as we leave.

  • LONDON, Jan 17- The pound recovered from 3- month lows on Tuesday, rising 0.7 percent against a broadly weaker dollar and 0.3 percent against the euro before a speech by Prime Minister Theresa May widely expected to lay out a "hard Brexit" scenario. That leaves plenty of room for investors to bet against the pound on Tuesday, although early deals in London were...

  • LONDON, Jan 17- The pound recovered from 3- month lows on Tuesday, rising 0.7 percent against a broadly weaker dollar and 0.3 percent against the euro before a speech by Prime Minister Theresa May widely expected to lay out a "hard Brexit" scenario. That leaves plenty of room for investors to bet against the pound on Tuesday, although early deals in London were...

  • *Facebook hires independent news fact-checker in Germany. BERLIN/ MUNICH, Jan 17- Facebook is stepping up efforts to head off tougher regulation by Germany, a fierce critic of the social media network operator, with top managers visiting Germany and saying they would do more to combat fake news and hate speech. Facebook on Sunday announced a partnership with...

  • FRANKFURT, Jan 17- European car sales rose for a third consecutive year in 2016, with all major markets recording gains, industry data showed on Tuesday. New car registrations across the European Union and European Free Trade Area increased 6.5 percent, including a 3.2 percent rise in December, the European Automobile Manufacturers' Association said.

  • MOSCOW, Jan 17- Russia expects to have a dialogue with the Trump administration on strategic stability, including on nuclear weapons, Russian Foreign Minister Sergei Lavrov said on Tuesday. Lavrov added to reporters that such a dialogue could cover hypersonic weapons, a U.S. missile shield in Europe, space weapons and nuclear testing. He said that Russia was...

  • MOSCOW, Jan 17- Russia expects to have a dialog with the Trump administration on strategic stability, including on nuclear weapons, Russian Foreign Minister Sergei Lavrov said on Tuesday. Lavrov added to reporters that such a dialog could cover hypersonic weapons, a U.S. missile shield in Europe, space weapons and nuclear testing. He said that Russia was ready to...

  • FRANKFURT, Jan 16- The European Central Bank bought a record-breaking 24.7 billion euros worth of debt last week, taking advantage of a bumper supply of bank bonds to boost its economic stimulus programme. "There is a very simple reason: there are finally enough bonds in the market for the ECB to buy... the scheme relies on activity in the primary market," said Guenther...

  • LONDON, Jan 17- European shares fell on Tuesday, weighed by miners and autos, as markets awaited details of Britain's Brexit position in a late morning speech by Prime Minister Theresa May. The pan-European STOXX index was down 0.5 percent, and Britain's blue-chip FTSE extended its losses, down 0.4 percent. Britain will not seek a Brexit deal that leaves it "half in,...

  • DAVOS, Switzerland, Jan 17- China's richest man, Wang Jianlin, said on Tuesday his Dalian Wanda group has earmarked $5 billion- $10 billion each year for outbound investment, focusing on entertainment and sports. The billionaire property tycoon-turned-entertainment mogul, speaking to Reuters in an interview on the sidelines of the annual World Economic Forum...

  • *Hyundai Motor Group agonising over capacity of Mexico plant. SEOUL, Jan 17- The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. plant- the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign...

  • MOSCOW, Jan 17- Russian Foreign Minister Sergei Lavrov said on Tuesday he thought it was right to invite the Trump administration to peace talks on the Syria conflict that are planned for Jan. 23 in Kazakhstan's capital, Astana. President-elect Donald Trump's desire to make fighting international terrorism a priority. He also told reporters he hoped Russia and...

  • LONDON, Jan 17- Carlyle Group has agreed to become the largest shareholder in Johannesburg- based Global Credit Ratings, the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services. Carlyle raised $698 million for its Africa buyout fund in 2014, exceeding its $500 million target. Founded more than two decades ago as the...

  • SINGAPORE, Jan 17- Oil prices were mixed on Tuesday, supported by Saudi Arabia saying it would adhere to a commitment to cut output, but held back by rising U.S. production and scepticism that OPEC as a whole would comply with its commitments to reduce supplies. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it...

  • SINGAPORE, Jan 17- Oil prices were mixed on Tuesday, supported by Saudi Arabia saying it would adhere to a commitment to cut output, but held back by rising U.S. production and skepticism that OPEC as a whole would comply with its commitments to reduce supplies. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it...

  • Jan 17- Hong Kong shares bounced back on Tuesday from the previous day's spill, but gains were capped as investors awaited British Prime Minister Theresa May's speech on Brexit later in the day and Friday's inauguration of Donald Trump as U.S. president. Linus Yip, a Hong Kong- based strategist at First Shanghai Securities, said investors are taking a...

  • PARIS, Jan 17- French carmaker Groupe Renault reported record sales for 2016 thanks to growth in Europe and in overseas markets such as Iran, and it expected more progress this year. It enables the Groupe Renault to progress significantly in terms of volume and market share in every region, "said Thierry Koskas, member of Renault's executive committee, in a...

  • *China economy worries ease but big risks remain. Xi's appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the United States plays as a force for multilateral cooperation on issues like trade and climate change is in doubt following the election of Donald Trump. This has left a vacuum that...

  • *China economy worries ease but big risks remain. Xi's appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the United States plays as a force for multilateral cooperation on issues like trade and climate change is in doubt following the election of Donald Trump. This has left a vacuum that...