Wires

  • 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 is likely to set Britain on a course that would end its access to the lucrative European Union single market. The pound was on the defensive at $1.2045, having slumped to a three-month low of $1.1983 on Monday, which was its...

  • *Cadillac to launch more products in China ahead of other regions. BEIJING, Jan 17- Cadillac, General Motors Co's luxury brand, is predicting a double digit growth rate in China sales this year, the brand's country chief Andreas Schaaf told Reuters on Tuesday. The brand- which opened its first dedicated factory in China last year, helping boost Cadillac sales in the...

  • HANOI, Vietnam— Vietnamese Prime Minister Nguyen Xuan Phuc on Tuesday urged Japan to invest more in the Southeast Asian country to become its top foreign investor. Speaking at a conference of business leaders from both countries also attended by visiting Japanese Prime Minister Shinzo Abe, Phuc said Vietnam would like to see Japan invest more in...

  • WASHINGTON, Jan 16- General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday. On Jan. 3, Trump threatened to impose a "big border tax" on GM for making some of its Chevrolet...

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by skepticism in financial markets that oversupply would be curbed. West Texas Intermediate crude oil futures were trading up 8 cents at $52.45 per barrel at 0231 GMT. Traders said markets were receiving some...

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be curbed. West Texas Intermediate crude oil futures were trading up 8 cents at $52.45 per barrel at 0231 GMT. Traders said markets were receiving some...

  • *Nickel loses ground as Indonesia moves to boost exports. SINGAPORE, Jan 17- LME copper slid for a second session on Tuesday as a firmer U.S. dollar pressured the market, but expectations of strong demand in top consumer China put a floor under prices. "The main issue in the market is Theresa May's speech on hard Brexit and as a result the dollar has strengthened, so we...

  • *The most active soybean futures on the Chicago Board of Trade climbed 1.36 percent to $10.59-1/ 2 a bushel, after earlier touching their highest since Nov. 28 at $10.62-1/ 4. *The USDA said early on Friday that private exporters reported the sale of 132,000 tonnes of soybeans for delivery to unknown destinations. *The British pound flirted with a three-month low on...

  • TOKYO, Jan 17- Asian stocks and the pound sagged on Tuesday as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union, which traders fear will see Britain lose access to the bloc's single market. Britain will not seek a Brexit deal that leaves it "half in, half out" of the EU, May will say later in the day, according to her office,...

  • *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...

  • *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...

  • DETROIT— General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday. The announcement comes after President-elect Donald Trump has attacked GM and other automakers for building vehicles in Mexico and shipping them to the U.S. While GM builds hatchback Cruzes in...

  • TOKYO, Jan 17- Japan's Nikkei share average skidded to its lowest levels since early December on Tuesday, undermined by a resurgent yen as well as profit-taking. Risk aversion bolstered the perceived safe-haven yen ahead of May's speech, in which she will set her priorities for Britain's upcoming exit from the European Union which many fear will be a "hard Brexit."

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by skepticism in financial markets about the outlook for crude prices. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it would adhere strictly to its...

  • SINGAPORE, Jan 17- Oil markets were mixed on Tuesday, supported by Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets about the outlook for crude prices. Traders said markets were receiving some support from top crude exporter Saudi Arabia, which said it would adhere strictly to its...

  • TOKYO, Jan 17- Japan's Nikkei share average skidded to its lowest levels since early December on Tuesday, undermined by a resurgent yen as well as profit-taking. Risk aversion bolstered the perceived safe-haven yen ahead of May's speech, in which she will set her priorities for Britain's upcoming exit from the European Union which many fear will be a "hard Brexit."

  • CALGARY, Alberta, Jan 16- A section of an intra-provincial oilfield 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 on site to dig up the...

  • SINGAPORE, Jan 17- LME copper slid for a second session on Tuesday as a firmer U.S. dollar pressured the market, but expectations of strong demand in top consumer China put a floor under prices. *Three-month copper on the London Metal Exchange had fallen 0.2 percent to $5,855 a tonne by 0121 GMT, extending losses from the previous session's 0.7- percent decline.