Wires

  • The company also raised its current-year adjusted earnings forecast to C $1.86- C $1.96 per share, from C $1.82- C $1.92. BRP, which has operations and clientele across the Americas and Europe, also raised its revenue growth forecast for the year ending January to 5-9 percent from 4-8 percent. Valcourt, Quebec- based BRP's revenue rose about 7 percent to C $1.08...

  • BEIJING, Dec 9- China will not limit overseas remittances of foreign firms' "normal profits," the foreign exchange regulator said on Friday. China will not limit legitimate and compliant international payments and transfers, including dividends, which meet approval requirements, the State Administration of Foreign Exchange said in a statement on its official...

  • *China economy reflating as producer prices surge. LONDON, Dec 9- Copper was set to close the week higher on Friday after robust China data offered more evidence that the world's No.2 economy is recovering, though moves by Chinese authorities to tame speculation made some bulls cautious. The stronger-than-expected 3.3 percent surge in prices, along with upbeat...

  • LONDON, Dec 9- Sterling was lifted on Friday by data showing Britain's trade deficit narrowed more than expected in October, although the pound remained on track for its first weekly fall in four. The pound edged up to $1.2620, from $1.2599 just before the data. By 1040 GMT it had slipped back to $1.2603, leaving it up 0.1 percent on the day, down more than 1 percent...

  • LONDON, Dec 9- Sterling was lifted on Friday by data showing Britain's trade deficit narrowed more than expected in October, although the pound remained on track for its first weekly fall in four. The pound edged up to $1.2620, from $1.2599 just before the data. By 1040 GMT it had slipped back to $1.2603, leaving it up 0.1 percent on the day, down more than 1 percent...

  • ATHENS, Greece— Ferry workers in Greece have extended a nationwide strike into the weekend, hitting supplies to the country's islands. The Pan-Hellenic Seamen's Federation, or PNO, on Friday extended a weeklong strike until early Sunday in protest at new tax regulations for ferry workers as well as other measures imposed under Greece's international bailout...

  • BRUSSELS, Dec 9- The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, a case Beijing said it viewed with deep concern. An official at China's Commerce Ministry said Beijing attached a "high degree of attention and concern" to the case and that Europe's steel problems were due...

  • *FTSE 100 up 0.1 pct. LONDON, Dec 9- Britain's top share index rose slightly on Friday, putting it on track for its best week since July, led by shares in health care and consumer staples companies, but a rally in bank stocks faltered. The week-long rally has been driven by financial stocks, which rose across Europe after the "No" result in Italy's constitutional...

  • WASHINGTON, Dec 9- Scott Pruitt, Donald Trump's pick to head the U.S. Environmental Protection Agency, has fought President Barack Obama's measures to curb climate change at every turn as attorney general of Oklahoma. That is because a little-used law called the Congressional Review Act allows Congress to erase such' midnight' rules with a simple majority vote,...

  • WARSAW, Indiana/ WASHINGTON, Dec 9- When Donald Trump takes over as president on Jan. 20, one of the first business tax breaks he delivers is likely to go to the U.S. medical device industry and companies like Mark Throdahl's. The chief executive of OrthoPediatrics Corp, based in northern Indiana, said his company has been able to hire more workers since the temporary...

  • BEIJING, Dec 9- China will not limit overseas remittances of foreign firms' "normal profits," the foreign exchange regulator said on its offical microblog on Friday.

  • TOKYO, Dec 9- Japan's government on Friday nearly doubled its projections for costs related to the Fukushima nuclear disaster to 21.5 trillion yen, increasing pressure on Tokyo Electric Power to step up reform and improve its performance. In 2013, the Ministry of Economy, Trade and Industry had calculated the costs of the Fukushima meltdowns at 11 trillion yen.

  • BEIJING, Dec 9- China's property investment is likely to slow in 2017 and fixed-asset investment growth could come under pressure, Xinhua news agency quoted Ma Jun, chief economist of the central bank, as saying. China's foreign trade is likely to rebound next year, while domestic consumption may be stable, Ma was quoted as saying. Ma also expected China's...

  • *OPEC wants to persuade non-members to cut output. LONDON, Dec 9- Oil prices edged higher for a second consecutive session on Friday on hopes that non- OPEC producers meeting in Vienna would agree to cut output to bolster the group's own agreement to limit production. On Saturday, oil ministers from OPEC countries will meet non- OPEC producers in Vienna to seek help...

  • *If board rejects request, Rome set to recapitalise Monte Paschi. MILAN, Dec 9- The European Central Bank's supervisory board meets again on Friday to discuss Monte dei Paschi di Siena's request for more time to raise capital, with banking sources saying its members are split over the decision. The Tuscan lender has asked the ECB to give it until January 20- from a...

  • ACCRA, Dec 9- Ghana's main opposition leader, Nana Akufo-Addo, has won the west African country's presidential election with an absolute majority over President John Mahama, two influential private radio stations said on Friday. In his first comment since the election, Mahama said on Twitter on Friday he would wait for official results, in a seemingly softer...

  • *Romania to hold election on Sunday, parties back loose budget Romanian assets flat, buck CEE bond rebound, stocks retreat. BUDAPEST/ BUCHAREST, Dec 9- Leu-denominated government bonds bucked a rebound of Central European peers on Friday as investors were cautious ahead of Romania's parliamentary elections on Sunday. Regional bonds were still recovering from...

  • *Macau to halve daily limit for UnionPay cardholders- SCMP. *Macau says to cut limit per transaction, not per day. MACAU, Dec 9- Macau, the world's biggest gambling hub, moved on Friday to clarify it had not tightened daily cash withdrawal limits for Chinese gamblers, after fears of a crackdown on illicit money outflows sent shares in casino operators tumbling.

  • LONDON, Dec 9- Emerging market equities slipped from one-month highs on Friday but were set for their best week since September, with Russian shares at record highs, but South Africa's rand fell after data showed a wider current account gap. "Russia is still looking attractive. "They have a central bank which is cautious when it comes to cutting rates and an economy...

  • SEOUL, Dec 9- South Korea's next presidential election is scheduled to be held in December 2017, but if President Park Geun-hye's impeachment in parliament on Friday is upheld by the Constitutional Court a new vote would take place in 60 days. Before the recent political crisis he had been expected to run as the conservative ruling Saenuri Party's candidate.