Wires

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build in the United States. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.1...

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build locally. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 17.99 points, or 0.12 percent, at 15,479.29.

  • VANCOUVER, British Columbia _ CIBT Education Group Inc. on Monday reported fiscal first-quarter profit of $3.9 million. The Vancouver, British Columbia- based company said it had profit of 6 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • 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...

  • CARACAS, Venezuela— Venezuelans are standing in long ATM lines to take out new, larger-denominated bills that President Nicolas Maduro hopes will help stabilize the crisis-wracked economy. Maduro last month said he was scrapping circulation of the most-used 100- bolivar note and replacing it with new bills ranging from 500 to 20,000 bolivars.

  • *UK consumers "entirely looking through" Brexit risks. LONDON, Jan 16- Bank of England Governor Mark Carney said on Monday that he would keep a close eye on British consumers this year to see if their buoyant mood since June's Brexit vote persists in the face of higher inflation. Britain had one of the world's fastest-growing advanced economies last year, but the...

  • MILAN, Jan 16- Tests conducted on Fiat Chrysler vehicles show they are compliant with regulations and contain no emissions defeat devices as alleged by Germany, Italy's transport ministry said in a statement on Monday. Tensions have risen between Rome and Berlin over the issue, with German Transport Minister Alexander Dobrindt saying at the weekend that Fiat...

  • CALGARY, Alberta, Jan 16- Oil prices settled up on Monday, as Saudi Arabia's commitments to reducing production offset a report forecasting U.S. output would again rise this year. Russia and other key exporters outside OPEC have said they will also cut output. Saudi Energy Minister Khalid al-Falih said on Monday the country will adhere strictly to its output...

  • *Facebook hires independent news fact-checker in Germany. BERLIN/ MUNICH, Jan 16- Facebook is stepping up efforts to head off tougher regulation by Germany, a fierce critic of the social media network operator, saying on Monday it would do more to combat fake news as its chief operating officer met with officials in Berlin. Facebook's chief operating officer...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, company employees said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing...

  • LOS ANGELES, Jan 16- Fox and Chernin Entertainment's "Hidden Figures" dominated the domestic box office, topping charts for the second straight weekend after earning $26 million. It will likely face fierce competition from "La La Land," a critically beloved movie musical with Emma Stone and Ryan Gosling. That brings the Lionsgate release's domestic total to $77...

  • A ministry statement Monday says it carried out the necessary checks and sent a detailed report to Germany indicating the model "meets the existing regulations" on emissions testing. Italian Transport Minister Graziano Delrio says "we have nothing to hide" and "you don't give orders to a sovereign country like Italy." Italy says its test results were given to...

  • Jan 16- British engineering group Rolls-Royce Plc said on Monday that it had reached settlements with authorities in Britain, the United States and Brazil relating to bribery and corruption involving intermediaries, which would result in a series of payments totalling 671 million pounds. The settlement with British authorities, for 497.25 million pounds,...

  • The Organization of the Petroleum Exporting Countries has agreed to cut production by 1.2 million barrels per day to 32.5 million bpd from Jan. 1 in an attempt to clear a global oversupply that has depressed prices for more than two years. Russia and other key exporters outside OPEC have said they will also cut output. Saudi Arabia's Energy Minister Khalid...

  • LONDON— The Bank of England remains ready to protect economic growth in the face of pressures caused by Britain's departure from the European Union, the central bank's top executive said Monday as investors waited for the country's prime minister to lay out her vision for Brexit. The bank's Monetary Policy Committee has the discretion to balance its legally...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate...

  • *NATO ministers concerned, amazed by Trump remarks on NATO. *NATO the keystone of Western defence since 1950 s. President-elect Donald Trump's comments that NATO was obsolete had aroused concern across the 28- member alliance.

  • Jan 16- Equity markets have moved from depending for support on the "Fed put" to banking on a "Trump put" of assumed fiscal stimulus, deregulation and tax cuts. Only one of these two "puts" has a multi-decade track record of dependability, and it is not the policies or person of the incoming U.S. chief executive. "Equity markets are putting their faith in a batch of new' puts'...

  • Jan 16- Equity markets have moved from depending for support on the "Fed put" to banking on a "Trump put" of assumed fiscal stimulus, deregulation and tax cuts. Only one of these two "puts" has a multi-decade track record of dependability, and it is not the policies or person of the incoming U.S. chief executive. "Equity markets are putting their faith in a batch of new' puts'...

  • BRASILIA, Jan 16- Brazil will increase a subsidized credit line available to farmers to prepare for the 2017-2018 crop by about one-fifth to 12 billion reais, President Michel Temer told Reuters on Monday. The new crop financing will allow Brazilian producers to purchase agricultural inputs such as seeds, fertilizers and pesticides at reduced interest rates...