Wires

  • DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday the country's economy is likely to head toward a sustainable growth path as global trade and manufacturing activity pick up. "Our top priority for macro-economic policy continues to be to overcome deflation," Kuroda told a session of the World Economic Forum. Still, Kuroda said...

  • LONDON, Jan 20- Euro zone government bond yields hit one-month highs on Friday as investors, looking ahead to Donald Trump's inauguration as U.S. president later in the day, focused on prospects of stronger economic growth and higher inflation. Fed chair Janet Yellen reiterated on Thursday that the central bank should continue to raise rates slowly or risk...

  • *Coming up: Trump inauguration at 1700 GMT. LONDON, Jan 20- Gold prices dipped on Friday as investors expect U.S. "On the whole we'd expect an appropriately presidential tone to be struck and that the dollar will gain and that bullion will once again be under pressure along with the rest of the precious metals complex," said Jonathan Butler, commodities analyst at...

  • *Japan asks for talks with India on steel duties, import price. TOKYO, Jan 20- Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high. India imposed duties of up to 20 percent...

  • LONDON, Jan 20- Copper prices slipped on Friday as the dollar rose and as investment and industrial production data from top consumer China fuelled worries about demand for the metal used widely in power and construction. Benchmark copper on the London Metal Exchange was down 0.3 percent at $5,721 a tonne at 1055 GMT. "The dollar will be key for metals, which have...

  • *Weaker euro, steady Algeria/ Mideast demand help EU exports. *Germany set for good run after brisk start for Romania, UK. PARIS, Jan 20- A weaker euro and healthy demand from importers such as Algeria are helping the European Union clear a reduced export surplus, while currency and logistical headwinds limit competition from big U.S. and Russian crops.

  • *China is key engine for global oil demand growth. *Trump promised to confront China, boost oil independence. DAVOS, Switzerland, Jan 20- Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.

  • *Pakistan's bourse saw values soar in 2016. KARACHI, Jan 20- Pakistan's soaring stock exchange will introduce derivatives trading from the middle of 2017, the bourse's managing director said, announcing the move weeks after a Chinese-led consortium took a strategic stake. On Friday, a delegation from the Chinese-led consortium formally signed documents for...

  • DAVOS, Switzerland, Jan 20- When it comes to fighting malaria, Bill Gates and Ray Chambers are both inspired and concerned: With victory in sight, will the world's new leaders commit to finally beating this persistent parasite? "The imponderable is what happens with President Trump," said Chambers, the United Nations special envoy for malaria.

  • LONDON, Jan 20- Last year it was the strength of demand that caught the copper market by surprise. Everyone had braced themselves for an expected hard metallic landing in China, the driver of global copper usage. China itself, it seems, was not quite ready for the promised shift from the old model of fixed asset investment to what was touted as the "new normal" of slower,...

  • LONDON, Jan 20- Emerging stocks fell on Friday and were set to end the week down, snapping a three-week winning streak, as risk appetite eased ahead of U.S. "Trade protectionism is an impending risk," said Jakob Christensen, head of emerging markets research at Danske Bank, highlighting the possibility of a deepening stand-off between the United States and China.

  • FRANKFURT, Jan 20- Underlying inflation in the euro zone will remain weak for years to come, a survey showed on Friday, suggesting that the European Central Bank is still far from scaling back its unprecedented stimulus measures. Underlying inflation, a key measure watched by the ECB, is seen rising to just 1.1 percent this year, barely half of the bank's inflation...

  • FRANKFURT, Jan 20- Underlying inflation in the euro zone will remain weak for years to come, a survey showed on Friday, suggesting that the European Central Bank is still far from scaling back its unprecedented stimulus measures. Underlying inflation, a key measure watched by the ECB, is seen rising to just 1.1 percent this year, barely half of the bank's inflation...

  • DAVOS, Switzerland— The Latest on the World Economic Forum in Davos, Switzerland:. Speaking in a panel discussion at the World Economic Forum in Davos, Switzerland, Simsek said, however, that Turkey has to be "realistic" and "facts on the ground have changed dramatically" in Syria. Simsek also said that Turkey has "high hopes" for Syrian peace talks planned next week and...

  • DAVOS, Switzerland, Jan 20- The U.S. is facing a period of dollar strengthening, fuelling likely tensions between the new administration of Donald Trump and the Federal Reserve, the chief executive of asset manager BlackRock told a panel in Davos on Friday. Larry Fink said at the World Econopmic Forum that he expected that Fed interest rate hikes this year could...

  • DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday the country's economy is likely to head toward a sustainable growth path as global trade and manufacturing activity pick up. But he added that Japan has yet to address key challenges, which were to heighten inflation expectations and prod firms to raise wages.

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including...

  • *Budapest leads stocks rise, its index is near record highs. BUDAPEST/ WARSAW, Jan 20- Central Europe's main currencies traded marginally weaker or flat on Friday ahead of President-elect Donald Trump's inauguration as investors awaited clearer signals on his future policy direction. Budapest led a moderate rise in equities after robust wages figures from...

  • LONDON, Jan 20- Britain's pound fell on Friday as weak retail sales data capped one of the most turbulent weeks in decades for the currency. That took the shine off what was an otherwise solid quarter for the UK economy and contrasted with trading reports from major retailers who have mostly reported a strong Christmas season. The pound baulked, dropping 0.3...

  • LONDON, Jan 20- Britain's pound fell on Friday as weak retail sales data capped one of the most turbulent weeks in decades for the currency. That took the shine off what was an otherwise solid quarter for the UK economy and contrasted with trading reports from major retailers who have mostly reported a strong Christmas season. The pound balked, dropping 0.3...