Wires

  • OTTAWA, Dec 8- Canada's housing market showed some signs of softening in November as new construction starts fell, but separate data showed prices rose in October and permits for future building jumped, suggesting the market could have strength in reserve. You know the short version of it by now- strength in Toronto and Vancouver, but weakness in Alberta, " BMO...

  • MOSCOW, Dec 8- Russian billionaire Vladimir Lisin may sell part of his holding in the country's largest steelmaker NLMK, which he controls, three banking and industry sources told Reuters on Thursday. Lisin controls 85.5 percent of NLMK and Forbes magazine ranks him as Russia's eighth richest businessman worth about $9.3 billion. Lisin's representative...

  • DHAKA, Dec 8- A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday. Bangladesh has so far refused to make the inquiry report public saying it wanted to deny perpetrators...

  • Treasury yields rose on Thursday in line with their European counterparts after the European Central Bank said it would trim its monthly pace of bond purchases to 60 billion euros from 80 billion euros, starting in April. ECB President Mario Draghi, however, said the unexpected move was not an outright winding-down of the central bank's quantitative easing...

  • TORONTO, Dec 8- Canada's main stock index added to a 19- month high on Thursday, helped by gains for heavyweight energy and financial stocks as commodity prices rose and data showed a surge in building permits. At 9:45 a.m. EST, the Toronto Stock Exchange's S&P/TSX composite index was up 29.29 points, or 0.19 percent, at 15,267.04. It rose 1.4 percent to C $94.43.

  • NEW YORK, Dec 8- Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank AG following a settlement. In papers filed in Manhattan federal court on Wednesday, the lawyers sought to revive...

  • Dec 8- U.S. weapons maker Northrop Grumman Corp said on Thursday it had elected General Mark Welsh, former U.S. Air Force chief of staff, to its board. Welsh, who was the Air Force's chief of staff last year when it gave Northrop a coveted contract for a new long-range strike bomber, is currently Dean of the Bush School of Government and Public Service at Texas A&M...

  • *Loonie touches its strongest since Oct. 20 at C $1.3199. TORONTO, Dec 8- The Canadian dollar strengthened to a seven-week high against its U.S. counterpart on Thursday as oil rose, although some gains for the loonie were pared as currency markets gyrated after the European Central Bank's monetary policy decisions. The currency's weakest level of the session was C...

  • WASHINGTON— Long-term U.S. mortgage rates climbed for the sixth straight week in the aftermath of Donald Trump's election win, marking new highs for the year. Mortgage giant Freddie Mac says the average rate on a 30- year fixed rate loan jumped this week to 4.13 percent from 4.08 percent the previous week. Long-term mortgage and interest rates have surged in the...

  • OTTAWA, Dec 8- Canada's housing market showed some signs of softening in November as new construction starts fell, but separate data showed prices rose in October and permits for future building jumped, suggesting the market could have strength in reserve. You know the short version of it by now- strength in Toronto and Vancouver, but weakness in Alberta, " BMO...

  • *Dow Transport index closed at record high on Wednesday. "Investors are getting excited over the prospects of a new administration, a fresh mindset and a man who knows how to do business," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey. The Dow industrials, the Dow Transport, the S&P 500 and the Russell 2000 indexes closed at record...

  • SAO PAULO, Dec 8- The Brazilian real pared gains on Thursday after the European Central Bank announced an extension of its stimulus program but at a slower intensity. The ECB said it would cut monthly asset purchases to 60 billion euros from the current 80 billion euros but extend the buys until the end of 2017. Brazilian markets opened sharply higher after the...

  • MOSCOW— A surprise decision by Russia to sell a fifth of its state-controlled oil company to, among others, a Swiss company has raised questions about the impact of Western sanctions and who is behind the deal. The CEO of Rosneft said late Wednesday that it had agreed to sell a 19.5 percent stake to Swiss commodities giant Glencore and Qatar's sovereign wealth...

  • TORONTO, Dec 8- Canada's main stock index rose in early trade on Thursday as heavyweight energy, financial and materials stocks gained as commodity prices rose and data showed a surge in building permits in October. The Toronto Stock Exchange's S&P/TSX composite index was up 26.67 points, or 0.18 percent, at 15,264.42 shortly after the open.

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA, which this year disposed of electricity and consumer goods assets, is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma...

  • RED BANK, N.J. _ Hovnanian Enterprises Inc. on Thursday reported fiscal fourth-quarter earnings of $22.3 million. On a per-share basis, the Red Bank, New Jersey- based company said it had net income of 14 cents. For the year, the company reported that its loss narrowed to $2.8 million, or 2 cents per share.

  • NEW YORK— The latest on developments in financial markets:. Stocks are off to a mixed start on Wall Street, keeping major indexes at record high levels. Banks and energy companies gained in early trading Thursday, but other sectors fell.

  • Dec 8- Horizon Pharma Plc's shares tumbled 18 percent after the company ended a late-stage trial that was testing its drug, Actimmune, as a treatment for a rare neuromuscular disorder that has no approved medicines. The drug is already approved by the U.S. Food and Drug Administration for use in two rare, genetic conditions- chronic granulomatous disease and...

  • *Jury out on proposed OPEC oil production cuts. LONDON, Dec 8- Oil rebounded from the week's lows to stabilize above $50 a barrel on Thursday as market watchers focused on a weekend meeting of OPEC and non- OPEC producers that may result in an agreement to cut crude output further. OPEC has agreed to slash production by 1.2 million barrels per day in the first half of...

  • ALBANY, N.Y.— New York Gov. Andrew Cuomo is poised to announce millions of dollars in economic development awards. Kathy Hochul and local leaders from the state's 10 economic regions for the announcement Thursday at the Empire State Plaza in downtown Albany.