Wires

  • LONDON, Jan 16- Hedge fund bullishness towards the price of crude oil appears to have peaked for the time being, with fund managers booking some profits after the strong rally in the final seven weeks of 2016.. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by the equivalent of 15 million barrels in the week to...

  • SINGAPORE, Jan 17- Oil edged up on Tuesday after Saudi Arabia said it would strictly adhere to a commitment to cut output, but worries in financial markets about the outlook for crude supply dragged on prices. Traders said the slight increase in U.S. prices came after Saudi Arabia, the world's biggest exporter of crude oil, said it would adhere strictly to its...

  • CALGARY, Alberta, Jan 16- An intra-provincial pipeline under construction in Canada's oil heartland of Alberta needs replacement after being damaged by an act of "mischief," authorities said on Monday. The Royal Canadian Mounted Police said it appeared the culprit or culprits tried to used construction equipment to dig up the pipeline and estimated the...

  • TOKYO, Jan 17- The British pound flirted with a three-month low on Tuesday, hit by fears that Prime Minister Theresa May's speech later in the day will set Britain on course to lose access to the lucrative European Union single market. The pound was on the defensive at $1.2038, having slumped to a three-month low of $1.1983 on Monday, which was its weakest point in...

  • *May expected to outline Britain's exit plan from EU. TOKYO, Jan 17- Asian stocks and the pound sagged on Tuesday ahead of a speech by British Prime Minister Theresa May that could have implications for broader risk sentiment. Media have reported that May, due to speak later on Tuesday, will lay out plan to exit the European Union that would see Britain lose access to...

  • CALGARY, Alberta, Jan 16- An entire pipeline in Canada's oil heartland of Alberta needs to be replaced after an act of "mischief" caused C $500,000 to C $700,000 in damage to it, police said on Monday.

  • Jan 17- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 17- Jan Germany Auction of 2- year Treasury Note 17- Jan Japan Auction of 20- year government bonds 17- Jan Spain Auction of 6- and 12- month Treasury.

  • WASHINGTON, United States- Federal Reserve Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution- 1500 GMT. WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a webcast townhall meeting with educators from across the country and participate via webcast from Federal Reserve Bank offices throughout...

  • WASHINGTON, United States- Federal Reserve Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution- 1500 GMT. WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a webcast townhall meeting with educators from across the country and participate via webcast from Federal Reserve Bank offices throughout...

  • *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...

  • LONDON, Jan 17- British businesses are increasingly cautious about their investment plans as they worry about how the country's planned departure from the European Union will affect the economy this year, a survey showed on Tuesday. Business confidence in December remained at its second-highest level since Britain voted to leave the EU in June, polling firm...

  • *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...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • LONDON, Jan 16- Britain will not seek a Brexit deal that leaves it "half in, half out" of the European Union, Prime Minister Theresa May will say on Tuesday, according to her office, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc. Those priorities will include leaving the European Union's single market and regaining full control of...

  • BRUSSELS— The sheer waste of food had been bothering teacher Marijke De Jongh for so long that two years ago she set up a pop-up restaurant to serve perfectly good groceries and meat that were approaching their expiry date. The European Court of Auditors on Tuesday chided the European Union's executive branch in a report, "Combating Food Waste," that decried the...

  • BEDFORD, Mass. _ Progress Software Corp. on Monday reported a loss of $73.8 million in its fiscal fourth quarter. For the current quarter ending in March, Progress Software expects its per-share earnings to range from 25 cents to 27 cents. Progress Software expects full-year earnings in the range of $1.64 to $1.69 per share, with revenue ranging from $387.3...

  • LONDON, Jan 16- Britain will not seek a Brexit deal that leaves it "half in, half out" of the European Union, Prime Minister Theresa May will say on Tuesday, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc. May will be less explicit on the customs union, but make clear Britain will be no longer a member, it added. "Not partial membership of the...

  • "To delay further would be flagrantly unfair as Ukraine has paid a high price," Poroshenko told foreign ambassadors to Ukraine. "It would also be dangerous because more unreasonable delays would undermine Ukrainians' faith in Europe, which in fact is what Russia is aiming for," he said, adding that Ukraine's EU association agreement also needed to be legally...