*UK PM May wins confidence vote, Brexit remains unclear. NEW YORK, Jan 16- U.S. Treasury yields rose on Wednesday as stronger-than-forecast results from two major U.S. banks lifted Wall Street to one-month highs and British Prime Minister Theresa May's win of a confidence vote, reducing safety bids for U.S. government debt.
*Surging U.S. supply may undermine OPEC efforts. NEW YORK, Jan 16- Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production. Futures drew support from a supply cut agreement from the Organization of the...
LONDON, Jan 16- Prime Minister Theresa May won a confidence vote in the British parliament on Wednesday before proposing immediate talks with other party leaders in an attempt to break the deadlock on a Brexit divorce agreement. Lawmakers voted 325 to 306 that they had confidence in May's government, just 24 hours after handing her Brexit deal a crushing defeat...
NEW YORK, Jan 16- Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May's government won a confidence vote in parliament. That should allow her to attempt to create a consensus among lawmakers on an agreement on Britain's...
WASHINGTON, Jan 16- Legislation to keep sanctions in place on companies that have been controlled by the Russian oligarch Oleg Deripaska, including the giant aluminum firm Rusal, stalled in the U.S. Senate on Wednesday, a victory for President Donald Trump. That result fell short of the 60 votes necessary to advance to a final passage vote in the 100- member Senate,...
*Investors see growing likelihood of delay in UK leaving EU. NEW YORK, Jan 16- Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound was steady ahead of a no-confidence vote in British Prime Minister Theresa May's government. Investors saw potential for legislative deadlock...
OSLO, Jan 16- Budget carrier Norwegian Air will axe a number of routes in Europe and to the U.S and the Middle East, shutting several bases as part of a cost-cutting plan announced last month. The airliner will close its bases in Palma de Mallorca, Gran Canaria, and Tenerife in Spain, as well as in Stewart and Providence in the United States. "These aircraft are primarily...
FRANKFURT, Jan 16- European bank regulators do not think Germany's two largest banks, Deutsche and Commerzbank, should merge, a source with direct knowledge of the matter said. Deutsche Bank and Commerzbank, which are regulated by the European Central Bank and German financial markets watchdog BaFin, declined to comment on the situation. Citing people familiar...
LONDON, Jan 16- Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave. May was widely expected to see off an attempt by the opposition Labour Party to bring down her...
*FTSE 100 down 0.5 pct, Euro Stoxx up 0.5 pct. The Euro Stoxx finished the session up 0.5 percent, with most indexes on the continent in the black while London's FTSE lagged, down 0.5 percent, as a firming pound weighed on multinational exporters which make the lion's share of their earnings in foreign currencies. The FTSE 250, a benchmark for domestically exposed UK...
*Firms urge UK government to avoid no-deal Brexit. LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded...
LONDON, Jan 16- Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave. May was widely expected to see off an attempt by the opposition Labour Party to bring down her...
DETROIT, Jan 16- Ford Motor Co forecast a weaker-than-expected fourth quarter profit and provided a cloudier 2019 outlook due to tariff costs and uncertainty over Britain's exit from the European Union, sending shares down more than 3.5 percent on Wednesday. It said, however, that tariffs could erode 2019 earnings by about $700 million. Ford is the top selling...
WASHINGTON, Jan 16- U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest year-on-year drop in more than two years. The report from the Labor Department on Wednesday added to weak producer and consumer prices data in strengthening...
BAKU, Jan 16- Azerbaijan's leading gold mining company, Anglo Asian Mining, said its gold output rose 22 percent last year to 72,798 ounces, exceeding its target range. London- listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which Anglo Asian holds 51 percent. It eventually plans to develop seven mines in...
LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded just-in-time cross-border supply chains was...
*Investors see growing likelihood of delay in UK leaving EU. NEW YORK, Jan 16- Major world stock indexes rose on Wednesday, with the S&P 500 supported by gains in U.S. bank stocks after strong earnings, while the pound edged up ahead of a no-confidence vote in British Prime Minister Theresa May's government. Investors saw potential for legislative deadlock forcing...
*Surging U.S. stocks may undermine OPEC efforts. NEW YORK, Jan 16- Oil prices edged lower on Wednesday after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices. Brent crude futures fell 44 cents, or 0.7 percent, to $60.20 a barrel by 11:03 a.m. EST.
*Italy sells 10 bln euros in its biggest bond deal. *Italy bond yields lower outperform peers. LONDON, Jan 16- Italy's bond yields tumbled on Wednesday after record demand for a new 15- year bond a day earlier, while a selloff in UK gilts after a hefty parliamentary defeat for Prime Minister Theresa May's Brexit plans hurt broader euro zone debt markets.
LONDON, Jan 16- British government bond prices slid on Wednesday as investors bet that Prime Minister Theresa May's crushing Brexit defeat in parliament would force her to take a softer tack on Brexit, boosting the chance of Bank of England rate rises this year. May was defeated by 230 votes when she put the Brexit deal she negotiated with Brussels to a vote on...
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