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Wires

  • AMMAN, Jordan— Jordan's state media say public and private sector officials from Saudi Arabia and Jordan have signed 15 economic agreements, including establishing a joint fund that will launch an estimated $3 billion worth of investments in Jordan. The Petra news agency says the agreements were signed after a meeting late Monday between Saudi King Salman...

  • BEIJING— Asian stock markets rose Tuesday after Wall Street sank on worries that the Trump administration might not do as much for businesses as once thought. KEEPING SCORE: Tokyo's Nikkei 225 gained 1 percent to 19,174.56 and Hong Kong's Hang Seng advanced 0.5 percent to 24,317.93. Benchmarks in Taiwan and Singapore rose while Malaysia and Manila declined.

  • This month the former Soviet savings bank, which is still half-owned by the central bank and is headed by an ally of President Vladimir Putin, overtook oil company Rosneft to become the biggest company in Russia by market value. With over a third of Russia's banking deposits, Sberbank has a market grip unseen in most Western economies. Sberbank now wants to use its...

  • *China's central bank skipped OMO for third session. SHANGHAI, March 28- China stocks weakened on Tuesday morning on further signs of tightening liquidity conditions after the central bank refrained from injecting short-term funds into the banking system for the third session in a row. Hong Kong stocks followed Asian markets higher after Wall Street...

  • The Dakota Access pipeline developer said it has placed oil in the pipeline under a Missouri River reservoir in North Dakota and that it's preparing to put the line into service. The announcement marks a significant development in the long battle over the project that will move North Dakota oil 2000 miles through South Dakota and Iowa to a shipping point in...

  • HOUSTON, March 28- A small group of U.S. oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world's top exporters. Shale producers have slashed production costs as much as 50 percent over two years, waging a price war with...

  • LONDON/ PARIS, March 28- EU farmers are ramping up production of sugar beet this year when they will be freed at last to grow as much as they want and sell it globally, after a decade of strict output quotas and export limits. Farmers have started drilling the first post-quota crop this month in several EU member states, including top EU producer France where planting...

  • HONG KONG, March 28- Hong Kong- leader elect Carrie Lam said on Tuesday she is "very determined" to tackle the city's housing problem when she becomes chief executive later this year. The high cost of housing in Hong Kong is one of the city's biggest social issues. She was speaking at a Credit Suisse investment conference in Hong Kong attended by around 200 business...

  • SOUTH AFRICAN ANTI-APARTHEID LEADER AHMED KATHRADA DIES AT 87- AP.

  • *Tax on company cut to 50 percent from 85 percent. JEDDAH, Saudi Arabia/ RIYADH, March 28- Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50...

  • BEIJING— American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, the biggest of China's three major state-owned carriers, in a bid for a bigger share of the country's growing travel market. Foreign carriers are forging steadily closer ties with Chinese airlines to gain a bigger share of China's air travel market, which is growing...

  • TOKYO, March 28- The dollar limped off multi-month lows against major peers on Tuesday, with much of the lift from the "Trump trade" now gone. The greenback had taken a beating as market participants saw the prospects for a U.S. fiscal spending boost from President Donald Trump significantly diminished by his failure to pass a key healthcare reform bill.

  • SAN FRANCISCO— Waze's traffic navigation app already shows ads prodding drivers to swing by fast-food joints like Dunkin' Donuts and Taco Bell. On Tuesday, the Google-owned app will start letting drivers purchase coffee and other items from Dunkin' Donuts for pickup along their way. If all goes well with the Dunkin' Donuts test, Waze plans to team up with other...

  • BEIJING— American Airlines has agreed to pay $200 million for a stake in China Southern Airlines, one of the country's three major state-owned carriers, and expand commercial cooperation. China Southern Airlines said in an announcement Tuesday through the Hong Kong stock exchange the purchase will represent 2.76 percent of its shares.

  • BEIJING— American Airlines agrees to buy $200 million stake in China Southern Airlines, expand business cooperation.

  • *Spot silver may break resistance at $18.46/ oz- technicals. at 0238 GMT, after touching its highest in a month at $1,261.03 the day before. "The markets are now starting to settle down as concerns around the implications of the failed healthcare bill seem to have somewhat abated," said ANZ analyst Daniel Hynes.

  • HONG KONG, March 28- China's yuan weakened against the U.S. dollar on Tuesday after the greenback clawed back from multi-month lows, while borrowing costs in the interbank market remained elevated as liquidity tightened heading into the end of quarter. The People's Bank of China set the midpoint rate at 6.8782 per dollar prior to the market open, weaker than the...

  • HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...

  • HONG KONG/ SHANGHAI, March 28- China Southern Airlines Co Ltd said on Tuesday it would issue HK $1.55 billion worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier. In a filing to the Hong Kong stock exchange, China Southern said it would issue 270.61 million Hong Kong- listed H-shares, representing...

  • SEOUL, March 28- South Koreas family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The countrys four biggest chaebol groups account for around half the stock market's value,...