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Wires

  • BRASILIA, March 29- The Brazilian government on Wednesday announced a larger-than-expected spending freeze while opting for smaller tax breaks to meet its fiscal deficit goal. Finance Minister Henrique Meirelles said the government will freeze 42 billion reais in spending as tax revenues continue to disappoint as the economy slowly emerges from its...

  • SAN SALVADOR, March 29- El Salvador's Congress on Wednesday approved a law prohibiting all metal mining projects in a bid to protect the poor Central American country's environment and natural resources. In October, El Salvador won an arbitration at the World Bank's International Centre for Settlement of Investment Disputes against the...

  • Trump has accused the Freedom Caucus lawmakers of snatching a "defeat from the jaws of victory" with their rejection of the White House- backed healthcare bill to replace President Barack Obama's 2010 healthcare reform bill. Representative Warren Davidson, a Freedom Caucus member from Ohio, said Republicans should leave aside the blame game and work through...

  • SAN SALVADOR, El Salvador— El Salvador's congress has approved a total ban on the mining of metals in the country, one of the first to enact such a broad ban. But the bill passed Wednesday in El Salvador would not allow any underground, above-ground or artisanal mining for metals. Human rights prosecutor Raquel Guevara called it "a historic day for El Salvador."

  • VANCOUVER, British Columbia _ Alderon Iron Ore Corp. on Wednesday reported a loss of $777,000 in its fourth quarter. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 1 cent. Keywords: Alderon Iron Ore, Earnings Report.

  • WASHINGTON, March 29- A Native American tribe in Montana and a coalition of conservation groups sued the Trump administration on Wednesday for lifting a moratorium on coal leases on public land without consulting tribal leaders and conducting a full environmental review. "It is alarming and unacceptable for the United States, which has a solemn obligation as...

  • *Pakistani businesses raise concerns over China's " Silk Road". *Pakistan says will not allow local industry to die out. KARACHI/ LAHORE, Pakistan, March 30- Kamal Amjad Mian thought China's decision to invest $36 billion in the Pakistani power sector would benefit his electricity cable business, and, anticipating increased demand, his family spent nearly $30...

  • VANCOUVER, British Columbia _ Rubicon Minerals Corp. on Wednesday reported fourth-quarter net income of $85.9 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Vancouver, British Columbia- based company said it had net income of $9.71. Keywords: Rubicon Minerals, Earnings Report.

  • ABUJA, March 29- A consortium led by General Electric submitted the only bid for a Nigerian railway concession project worth around $2 billion for two lines connecting northern cities to others in the south, a procurement process adviser said on Wednesday. The only bid, led by GE, was in partnership with Transnet of South Africa, Dutch-based APM Terminals and...

  • TORONTO, March 29- Canada's Lululemon Athletica Inc on Wednesday reported fourth-quarter earnings per share that fell shy of analysts' expectations, hurt by a stronger-than-expected Canadian dollar, and said first-quarter comparable sales were expected to fall. The company said it expects first-quarter revenue between $510 million to $515 million, based...

  • SAN FRANCISCO, March 29- Alphabet Inc's Waymo self-driving unit sought to arbitrate claims last year against a former employee at the center of its lawsuit against Uber, court records released on Wednesday showed, in what Uber said strengthened its bid to get the case out of court and into arbitration. Waymo's lawsuit, filed last month, set in motion what could be a...

  • WASHINGTON, March 29- President Donald Trump's administration has informed Congress of its plan to pursue the $5 billion sale to Bahrain of 19 Lockheed Martin F-16 aircraft and related equipment, which was held up last year by concerns about human rights, a congressional source said on Wednesday. The State Department originally notified Congress of the sale...

  • BOSTON, March 29- Billionaire investor William Ackman told investors that betting on Valeant Pharmaceuticals International Inc was a "huge mistake" and apologized "deeply and profoundly" for losing so much of his shareholders' money on the investment. The bet on Valeant left Ackman's hedge fund Pershing Square Capital Management with back-to-back...

  • South Atlantic division head Don Plaus will now lead Merrill Lynch's Private Banking& Investment Group for ultra wealthy clients. Jeffrey Tucker, formerly the New York City Metropolitan division head, and Tom Fickinger, previously head of the Pacific Northwest division, will both take other jobs within Merrill that have not yet been announced.

  • *Unit, World's Foremost Bank, provides branded credit cards. The unit, called World's Foremost Bank, was supposed to be bought by Capital One last year, but the deal wasn't able to get timely regulatory approval. Cabela's in October last year agreed to be bought by rival Bass Pro Shops in a deal valued at $5.5 billion, uniting two of the country's largest hunting and...

  • District Judge Andrew Carter in Manhattan said the former Chipotle "apprentices" from New York, Illinois and four other states had varying duties depending on where they worked and could not show they were all eligible for overtime pay. The company's victory on Wednesday came as it faced a larger 2014 lawsuit filed in federal court in Colorado by 10,000 hourly...

  • The leaders of the U.S. Senate Intelligence Committee jointly pledge that their investigation of Russian hacking of the 2016 U.S. election campaign will be bipartisan, a sharp contrast to bitter partisan disagreement surrounding a similar probe in the House of Representatives. Nations led by China and the European Union rally around a global plan to slow...

  • CALGARY, Alberta, March 29- ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for C $17.7 billion, making it the latest international oil major to pull back from the region. For Calgary- based Cenovus, among Canada's largest producers, the deal doubles its production to 588,000 barrels of oil...

  • Transportation Secretary Elaine Chao said the Trump administration would unveil a $1 trillion infrastructure plan later this year, but she did not offer details of funding for projects. Chao said at an event at the department's headquarters that the infrastructure initiative would include "a strategic, targeted program of investment valued at $1 trillion...

  • WASHINGTON, March 29- President Donald Trump's administration has informed Congress of its plan to restart the congressional review period for the sale of 19 Lockheed Martin F-16 aircraft to Bahrain, along with 23 engines and other related equipment, a congressional source said on Wednesday. Congress was originally notified of the sale in September 2016 by...