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Top News & Analysis North America

  • SYDNEY, Feb 20- U.S. soybean futures rose 1 percent on Tuesday to hit a near seven-month high as dry weather across key producing regions in Argentina crimps production from one of the world's largest exporters. *The most active soybean futures on the Chicago Board Of Trade were up 1 percent at $10.31-1/ 2 a bushel by 0113 GMT, near the session high of $10.33-1/ 2 a...

  • U.S. soybean futures rose 1 percent on Tuesday to hit a near seven-month high as dry weather across key producing regions in Argentina crimps production from one of the world's largest exporters. *The most active soybean futures on the Chicago Board Of Trade were up 1 percent at $10.31-1/ 2 a bushel by 0113 GMT, near the session high of $10.33-1/ 2 a bushel- the highest...

  • Feb 20- Australia's Oil Search on Tuesday reported a near threefold rise in annual core profit, underpinned by robust sales and rising oil and gas prices, and outlined a major expansion in Papua New Guinea. The Papua New Guinea- focused oil and gas producer declared a full-year dividend of 9.5 cents per share, up from 3.5 cents a year ago. "Oil Search has considerable...

  • **BRUSSELS- ECB Vice President Vitor Constancio participates in ECOFIN meeting in Brussels, Belgium. NEW YORK Swedish central bank Governor Stefan Ingves talks about economy and monetary policy- 1730 GMT. **LONDON Bank of England Governor Mark Carney, Deputy Governor Ben Broadbent, Chief Economist Andy Haldane and Monetary Policy Committee external member...

  • KANSAS CITY, Kan.— General Motors says it will build a new vehicle at its plant in Kansas City, Kansas. The Kansas City Star reports Fairfax lost its third shift last fall after sales of the Malibu slumped. Information from: The Kansas City Star, http://www.kcstar.com.

  • LOS ANGELES— Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state's known growers have been licensed, according to a report released Monday by a pot industry group. The 38- page report from the California Growers Association says 0.78 percent, or 534, of an estimated 68,150 marijuana growers were licensed...

  • His energy minister, Yuval Steinitz, called it the most significant export deal with Egypt since the neighbours signed their historic peace treaty in 1979.. "Egypt is becoming a real gas hub," Yossi Abu, CEO of Delek subsidiary Delek Drilling LP, told Reuters. Molla's comments refer to Egypt's challenge to a 2015 ruling by the International Chamber of Commerce...

  • PALM BEACH, Fla./ WASHINGTON, Feb 19- The White House said on Monday that President Donald Trump supports efforts to improve federal background checks for gun purchases, days after a shooting at a Florida school killed 17 people. Trump spoke to Senator John Cornyn, a Republican, on Friday about a bipartisan bill that he and Democratic Senator Chris Murphy...

  • MINNEAPOLIS— Minnesota officials will soon try to convince a jury that manufacturer 3 M Co. should pay the state $5 billion to help clean up environmental damage that the state alleges was caused by pollutants the company dumped for decades. Experts say it could have wide-reaching implications if the state succeeds, in part because 3 M and other companies...

  • SAN JUAN, Puerto Rico— A federal judge on Monday approved a $300 million loan for Puerto Rico's power company that officials say will help keep the troubled agency operating until late March. The judge had said officials did not provide sufficient evidence proving Puerto Rico's Electric Power Authority needed the money, so the board submitted a revised...

  • PITTSBURGH— An Australian investment firm has acquired The Mall at Robinson, one of the larger retail venues in the Pittsburgh area. Cleveland- based Forest City Realty Trust said Monday that it had completed the previously announced sale of its interest in the mall to QIC. QIC already had an ownership stake in the mall, which Allegheny County recently...

  • VANCOUVER, Feb 19- British Columbia said on Monday that it will formally challenge a ban of its wine by Alberta under Canada's national free-trade pact, as a battle between the two provinces over a crude oil pipeline expansion project rages on. British Columbia, a top Canadian wine producer, said it had notified oil-rich Alberta it was seeking consultation under...

  • Attorney General Andy Beshear in the lawsuit accused Cardinal of unfair, misleading and deceptive business practices that he said led to the excessive distribution of opioids in Kentucky. "I'm committed to hauling each of these opioid companies into a Kentucky court to answer for their actions that have devastated our families, communities and state,"...

  • LOS ANGELES, Feb 19- Disney-Marvel's "Black Panther" is heading for a stunning $235 million debut over the four-day President's Day weekend at 4,020 North American locations, estimates showed Monday. "Black Panther," starring Chadwick Boseman and directed by Ryan Coogler, has blown away its original tracking in less than a month. The film, which carries an...

  • LONDON— Latvia's top banking official, a key member of the European Central Bank, has been accused by local bank Norvik of seeking kickbacks, trying to launder Russian money and retaliating against the bank when it refused to play by the "rules of the game." Norvik bank has filed an international legal complaint against Latvia in which it alleges that a "Senior...

  • *Speculators cut net gold longs in the week to Feb. 13. LONDON, Feb 19- Gold prices were down slightly on Monday as the dollar clawed back some recent losses and stocks rose, but worries about U.S. inflation kept buyers in the metal. The safe-haven appeal is a bit in question but it has a lot to do with movements in the dollar which has recovered somewhat, "said ABN AMRO...

  • His energy minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbours signed their historic peace treaty in 1979.. "Egypt is becoming a real gas hub," Yossi Abu, CEO of Delek subsidiary Delek Drilling LP, told Reuters. " The partners have also been trying to finalise a long-term export deal with a Royal Dutch Shell PLC plant in...

  • *Some focus turns to Israel- Iran tensions. LONDON, Feb 19- Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and tensions in the Middle East, although concerns of rising U.S. production tempered gains. Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just...

  • PALM BEACH, Fla., Feb 19- The White House said on Monday that President Donald Trump supports efforts to improve federal background checks for gun purchases, days after a shooting at a Florida school killed 17 people. Trump spoke to Senator John Cornyn, a Republican, on Friday about a bi-partisan bill that he and Democratic Senator Chris Murphy introduced to...

  • NEW DELHI/ MUMBAI, Feb 19- Indian federal police arrested three more employees of Punjab National Bank on Monday over a $1.77 billion loan fraud, and the government said the scandal exposed a supervisory failure by the country's central bank, police and local media reports said. Two officers looking after the foreign exchange department of the state-run bank...