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Wires

  • BOGOTA, March 30- Colombia's finance ministry increased its fiscal deficit target on Thursday to 3.6 percent of gross domestic product, up from the original 3.3 percent of GDP, as the country grapples with falling income and lower growth. "Added to the loss of income are interest payments estimated to go up to 434 billion pesos." The deficit increase comes despite...

  • CALGARY, Alberta, March 30- Cenovus Energy shares had their biggest one-day percentage fall ever on Thursday as investors balked at the company's C $17.7 billion cash and stock deal to buy oil sands and natural gas assets from ConocoPhillips. The company will become the sole owner of its flagship Foster Creek and Christina Lake oil sands projects and is also...

  • WASHINGTON, March 30- President Donald Trump's former national security adviser, Michael Flynn, has told the FBI and congressional officials investigating the Trump campaign's potential ties to Russia that he is willing to be interviewed in exchange for immunity from prosecution, the Wall Street Journal reported on Thursday. Flynn's attorney, Robert...

  • In a tweet on Thursday evening, Trump said the highly anticipated meeting between the leaders of the world's two largest economies, which is also expected to cover differences over North Korea and China's strategic ambitions in the South China Sea, "will be a very difficult one." "We can no longer have massive trade deficits and job losses," he wrote, adding in...

  • *ANC Youth League urged Zuma to change cabinet. JOHANNESBURG, March 30- South Africa's President Jacob Zuma sacked finance minister Pravin Gordhan in a cabinet reshuffle after days of speculation that has rocked the country's markets and currency, replacing him with home affairs head Malusi Gigaba. A statement from the president's office just after midnight...

  • The White House has invited the top Republican and Democratic members of the Senate and House of Representatives intelligence panels to review new material relevant to their investigation into Russia's alleged interference in the election, presidential spokesman Sean Spicer says. SUPREME COURT Senators Joe Manchin and Heidi Heitkamp become the first...

  • SYDNEY, March 31- Australia's competition regulator on Friday said it would bar a group of the country's largest banks from bargaining collectively for access to Apple Inc's contactless payment function, potentially setting a global precedent. That would have enabled banks to circumvent transaction fees and get customers to engage more frequently with...

  • SEOUL, March 31- South Korea's industrial output fell by a seasonally adjusted 3.4 percent in February from a month earlier, government data showed on Friday, marking the sharpest drop since late 2008.. The decline was largely due to the unusually sharp 2.9 percent jump seen in January, revised down from a 3.3 percent rise seen earlier. From a year earlier, output...

  • CALGARY, Alberta, March 30- Cenovus Energy's offer to buy ConocoPhillips oil sands and natural gas assets for C $17.7 billion was unsolicited, a ConocoPhillips Canada spokeswoman said on Thursday. ConocoPhillips had already decided to sell several of its Canadian conventional natural gas assets but had not planned to offload oil sands assets, sources told...

  • SAN FRANCISCO, March 30- The U.S. Justice Department on Thursday appealed a ruling by a federal judge in Hawaii extending a suspension of President Donald Trump's revised restrictions on travel from some Muslim-majority countries. District Judge Derrick Watson on Wednesday turned an earlier temporary restraining order into a preliminary injunction in a...

  • CAPE CANAVERAL, Fla., March 30- A recycled SpaceX rocket booster recovered at sea from its first flight nearly a year ago blasted off again on Thursday from Florida on a satellite-delivery mission, then returned to land successfully on a floating platform at sea. The twin achievements of launching a reusable rocket and recovering the vehicle for a possible third...

  • HAVANA, March 30- Cuba will stop selling premium grade gasoline except to tourists starting Saturday due to a fuel crunch affecting Venezuela, its oil-rich ally and key trading partner. Cuba has become increasingly reliant on Venezuela for refined oil products, even as the latter wrestles with shortages of those products at home. Cuba cannot easily replace...

  • "UK M&A activity has started strongly in 2017... foreign exchange made UK companies cheaper, and there is an overarching desire for growth, which is not easy for companies to deliver organically," said Jan Skarbek, head of UK investment banking at Citi. "In this environment, we are likely to continue to see combinations that make strategic sense and enable companies to...

  • LONDON, March 31- Global equity listings rose in the first quarter compared with a year earlier, driven by issuance in Asia and the United States, Thomson Reuters data showed, pointing to a more buoyant year for share sales than 2016.. These combine to produce strong appetite for new issues, "Bank of America's global head of equity capital markets, Craig Coben, said.

  • March 30- Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. The biggest deal since the start of the year was U.S. healthcare and consumer conglomerate Johnson& Johnson's $30 billion agreement in January to acquire Swiss biotechnology firm Actelion Ltd.. Anglo-Dutch consumer goods...

  • Lululemon Athletica Inc., down $15.54 to $50.76. ConocoPhillips, up $4.05 to $50. PrivateBancorp Inc., up $2.80 to $59.

  • JOHANNESBURG— South Africa's president has replaced his embattled finance minister in an expected move that had spooked investors this week and sent the currency tumbling. The recall of Gordhan caused South Africa's rand to lose nearly 5 percent, another blow to Africa's most industrialized economy that has stalled amid high unemployment.

  • TORONTO _ Westaim Corp. on Thursday reported a loss of $900,000 in its fourth quarter. The Toronto- based company said it had a loss of 1 cent per share. For the year, the company reported a loss of $8.3 million, or 6 cents per share, swinging to a loss in the period.

  • JOHANNESBURG— South Africa's president replaces embattled finance minister in cabinet shuffle.

  • It was not immediately clear what impact the use of fresh beef would have on margins at McDonald's USA, which does not disclose what percentage of sales come from the Quarter Pounder. The multiyear turnaround plan launched by Chief Executive Steve Easterbrook has included menu changes that address consumers' demands for fresher, simpler food.