Wires

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper on the London Metal Exchange was down 0.1 percent at $5,748.5 a tonne at 1127 GMT, after ending Tuesday down 1.9, the biggest fall since Dec. 19.

  • *See strong demand from tourists and domestic customers in London. LONDON, Jan 18- British luxury brand Burberry said exceptional demand from tourists and local shoppers in London for its bags and fashions over Christmas helped it to report a better-than-expected 3 percent rise in quarterly sales. Gobbetti starts work at Burberry in Asia next week, however, and...

  • ATHENS, Greece— Greece's privatization agency has signed a deal to sell the country's state-owned Trainose railway operator to Italian state's Ferrovie dello Stato Italiane for 45 million euros. The agency says the sale of its 100 percent stake to the Italian railway company is subject to approval by European Union authorities. Wednesday's agreement is...

  • LONDON, Jan 18- Sterling dropped back on Wednesday after making its biggest one-day gain since at least 1998 on Tuesday as Prime Minister Theresa May outlined Britain's hopes for its exit from the European Union. May confirmed on Tuesday that she planned to take Britain out of the EU's single market, but cheered currency markets by including promises to let...

  • NEW DELHI, Jan 18- Foreign Secretary Boris Johnson on Wednesday compared any attempt to punish Britain for leaving the European Union to a World War Two escape movie, saying both sides would do better to strike a mutually beneficial trade deal. Speaking in New Delhi a day after Prime Minister Theresa May laid out the case for a "hard Brexit", in which Britain leaves...

  • KIEV/ MILAN, Jan 18- A power blackout in Ukraine's capital Kiev last month was caused by a cyber attack and investigators are trying to trace other potentially infected computers and establish the source of the breach, utility Ukrenergo told Reuters on Wednesday. When the lights went out in northern Kiev on Dec. 17-18, power supplier Ukrenergo suspected a cyber...

  • BEIJING, Jan 18- Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences. The price moderation will come as a relief to China's leaders as they wrestle with economic targets for 2017.. Sources have told Reuters that Beijing is...

  • BEIJING, Jan 18- China should urgently solve problems in its property market by putting a cap on the prices at which new homes are sold, a researcher for the cabinet was quoted as saying on Wednesday by a state-owned newspaper. Prices of new homes in China increased last year at the fastest rate since 2011. In Shenzhen, Shanghai and Beijing, prices rose more than 20...

  • *Bank of England to keep policy unchanged until 2019 at least. LONDON, Jan 18- British consumers will be cautious about spending this year as inflation soars, but the country will avoid recession as the Bank of England is expected to maintain its ultra-easy policy stance, a Reuters poll found. Prime Minister Theresa May said on Tuesday that Britain will leave the...

  • BUDAPEST/ WARSAW, Jan 18- Czech two-year government bond yields climbed further off record lows on Wednesday as a central banker said investors were wrong to expect an early lifting of the cap on the crown currency. CNB board member Lubomir Lizal said the bank still expected to abandon the ceiling around mid-2017, but investors were wrong to speculate on an early...

  • BERLIN, Jan 18- Germany looks set to hold its federal election on Sunday 24 September, with Chancellor Angela Merkel seeking a fourth term in office and the anti-immigrant Alternative for Germany party expected to enter the national parliament for the first time. Merkel faces a tougher re-election campaign than previously after allowing more than a million...

  • DAVOS, Switzerland, Jan 18- Two decades after they were spurred into action to tackle AIDS in Africa, global drugmakers said on Wednesday they would invest an initial $50 million over three years to fight cancer and other non-communicable diseases in poor countries. The so-called Access Accelerated initiative was announced at the World Economic Forum in...

  • NEW DELHI, Jan 18- India will consider Apple's request for incentives to invest in the country with an "open mind", Information Technology Minister Ravi Shankar Prasad told reporters on Wednesday. "We will very much like Apple to come and have a base in India," Prasad said. Apple has sent a list of demands to the Indian government, seeking tax concessions and several...

  • **HomeServices of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month. **German carmaker Volkswagen said it would not produce or sell any Audi cars with SAIC Motor Corp until at least 2018, seeking first to...

  • WASHINGTON, Jan 18- President-elect Donald Trump's nominee for health secretary was expected to face hard questions from a U.S. Senate panel on Wednesday about his personal stock investments and proposals to dismantle Obamacare. The Department of Health and Human Services runs the Medicare program for the elderly, Medicaid for the poor and President Barack...

  • WASHINGTON, Jan 18- Early optimism among business lobbyists and executives that Donald Trump's election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, taxes and trade. Doubts deepened over the weekend as Trump declared he would replace President Barack...

  • LONDON, Jan 18- Gold retreated on Wednesday from the previous day's eight-week high, as a rebound in the dollar ahead of U.S. inflation data and a speech by Federal Reserve chair Janet Yellen prompted some buyers to cash in gains. The metal peaked at $1,218.64 an ounce on Tuesday as the dollar index slid to a four-week low, hurt by U.S. president-elect Donald Trump's...

  • KIEV/ MILAN, Jan 18- A power blackout in Ukraine's capital Kiev last month was caused by a cyber attack and investigators are trying to trace other potentially infected computers and establish the source of the breach, utility Ukrenergo told Reuters in emailed comments on Wednesday. When the lights went out in northern Kiev on Dec. 17-18, power supplier Ukrenergo...

  • BEIJING, Jan 18- China should urgently solve problems in its property market by putting a cap on the prices at which new homes are sold, a researcher for the cabinet was quoted as saying on Wednesday by a state-owned newspaper. Prices of new homes in China increased last year at the fastest rate since 2011. In Shenzhen, Shanghai and Beijing, prices rose more than 20...

  • NEW YORK— Attorneys generals from six states, including New York's Eric Schneiderman, have sent a letter urging the Senate Judiciary Committee to reject the nomination of Sen. Attorneys General Ellen Rosenblum of Oregon, Brian Frosh of Maryland, Maura Healey of Massachusetts, Doug Chin of Hawaii and Karl Racine of the District of Columbia also signed the letter.