Wires

  • *Spot gold likely to test resistance at $1,219/ oz- technicals. Spot gold was up 0.1 percent at $1,206.26 per ounce to $1,206.60 per ounce. "There is a bit of safe-haven buying ahead of Trump's inauguration," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

  • DAVOS, Switzerland, Jan 20- Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines. And while business leaders gathered at the annual World Economic Forum in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to...

  • NEW YORK, Jan 20- As he is sworn in as the 45th U.S. president on Friday, Donald Trump will mark one of the best performances for the American stock market for any presidential transition period of the modern era. Democratic President Barack Obama's transition period, which came amid the throes of the 2008 financial crisis, also overlapped a 15.5 percent fall for the...

  • LOS ANGELES, Jan 20- Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment. "There are moments when it's really hard to make a decision about a pickup," Freeform President Tom Ascheim said, announcing the renewal at a...

  • WASHINGTON, Jan 20- Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines. What the country needs now, labor economists and Fed officials say, is small-bore surgery- policies focused on depressed regions in its rural areas and industrial...

  • WASHINGTON, Jan 20- Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines. What the country needs now, labor economists and Fed officials say, is small-bore surgery- policies focused on depressed regions in its rural areas and industrial...

  • *Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

  • *Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

  • *Japan needn't cooperate with Trump just to please him. *Japan should intervene if yen spikes. TOKYO, Jan 20- Japan should push back if President-elect Donald Trump bases trade and other economic policy on "wrong economics," an adviser to Prime Minister Shinzo Abe told Reuters in an unusually direct expression of concern about potential protectionism.

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia's continuing struggles to ramp up scheduled production. Benefiting from the Panama Canal expansion last...

  • SHANGHAI, Jan 20- China's primary money rates fell on Friday, but remained at elevated levels, after the central bank pumped a record amount of liquidity into markets in an apparent attempt to avert a cash crunch ahead of the long Lunar New Year holiday. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered...

  • TOKYO, Jan 20- Japanese Prime Minister Shinzo Abe's key economy ministers pledged on Friday to stick to the government's target of achieving a balanced budget in the fiscal year ending in March 2021, by pursuing both economic growth and fiscal consolidation. The ministers made the pledge before parliament after the government submitted a record annual...

  • *China Q4 GDP growth faster than expected, boosted by housing. *China to focus on stability ahead of key political meeting. BEIJING, Jan 20- China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted a solid tailwind heading into what is expected to be a turbulent year.

  • *China Q4 GDP grows 6.8 pct, slightly better than expected. SHANGHAI, Jan 20- China stocks rebounded on Friday morning as data showing stronger-than-expected fourth quarter GDP growth bolstered blue-chips, while bargain hunting helped small-caps recover much of the losses suffered earlier in the week. But underlying caution prevailed ahead of Donald...

  • *Japan needn't cooperate with Trump just to please him. *Japan should intervene if yen spikes. TOKYO, Jan 20- Japan should push back if President-elect Donald Trump bases trade and other economic policy on "wrong economics," an adviser to Prime Minister Shinzo Abe told Reuters in an unusually direct expression of concern about potential protectionism.

  • HONG KONG— Paramount Pictures says it has inked a co-financing deal with two Chinese companies for the Hollywood studio's slate of movies over the next three years. In a statement released Friday, Paramount said that under the terms of the deal Shanghai Film Group and Huahua Media will also set up an office on its studio lot later this year. Paramount is planning...

  • BEIJING, Jan 20- China's real estate investment rose 6.9 percent in 2016, official data showed on Friday, as national sales posted their strongest annual growth in seven years thanks to a furious property boom in top-tier cities. Real estate investment, which directly affects about 40 other business sectors in China, is considered to be a crucial driver for the...

  • Last year, Chinese real estate conglomerate Dalian Wanda Group spent $3.5 billion to buy a controlling stake in U.S. film studio Legendary Entertainment, while Paramount worked with Alibaba Pictures Group Ltd in 2015 to promote "Mission: Impossible- Rogue Nation" in China. The studio could now use the latest partnership as an entry point into China, Paramount CEO...

  • TOKYO, Jan 20- Japanese government bond prices edged higher on Friday as a regular debt-buying operation by the Bank of Japan helped offset pressure from an overnight drop in U.S. That peak in yield was hit after Federal Reserve Chair Janet Yellen signaled faster interest rates than markets had been anticipating and as an auction of five-year JGBs drew tepid...

  • *Dollar weighs; Argentina floods keep floor under soy market. SINGAPORE, Jan 20- Chicago soybeans slid for a second session on Friday with a strong dollar weighing on prices, although crop-damaging floods in Argentina kept a floor under the market. Soybeans are drawing support from the threat of rain-damage to crops in Argentina, the world's third largest...