Top News & Analysis North America

  • TORONTO, April 22- The Canadian dollar strengthened against its U.S. counterpart on Monday as oil prices jumped to fresh multi-month highs, while investors awaited an interest rate decision this week from the Bank of Canada. The price of oil, one of Canada's major exports, rose to its highest since October on growing concern about tight global supplies after the...

  • Trade Representative Robert Lighthizer said on Monday that his agency's general counsel, Stephen Vaughn, will depart the Trump administration in coming weeks and be replaced by veteran Washington lawyer Joseph Barloon. Vaughn "has played a central role in shaping and implementing the president's trade policies, especially related to China and the World...

  • April 22- Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission, after being valued at nearly $3 billion in its latest round of funding. The Beijing- based coffee chain set a placeholder amount of $100 million to indicate the size of the IPO and did not disclose the...

  • NEW YORK, April 22- The dollar edged lower against a basket of currencies in thin holiday-impacted trading on Monday, while a jump in the price of oil on news Washington plans to tighten a clampdown on Iranian oil exports in May boosted the Canadian dollar and the Russian ruble. Financial markets in Australia, Hong Kong and many major countries in Europe were...

  • April 22- Herman Cain, facing resistance from his own political party, has withdrawn from consideration for a seat on the Federal Reserve Board, U.S. Cain has been a public advocate of many of Trump's policies, as has Stephen Moore, a fellow at the conservative Heritage Foundation think tank, who Trump has also said he wants to nominate for one of two vacant seats on...

  • settled up 0.2 cent, or 0.26 percent, at 78.47 cents per lb. *It traded within a range of 78.03 and 78.84 cents per lb. * "Uneven weather and heavy rains in southeast has been making it very hard to get any cotton plantation progress in these areas," said Jack Scoville, vice president at Price Futures Group in Chicago, adding that a weaker dollar was supporting prices as well.

  • *U.S. to end all waivers for Iran oil imports. *Iran says in touch with partners on waivers. "Most, if not all, legitimate commercial interests will avoid Iran oil purchases.

  • *U.S. aims to cut Iran oil exports to zero. *White House says working with Saudi Arabia, UAE to ensure supply. Eight economies, including China and India, were granted waivers for six months, and several had expected those exemptions to be renewed.

  • RIO DE JANEIRO, April 22- Brazil's Petroleo Brasileiro SA is re-examining its treatment of whistleblower complaints after the indictment of six of the state-run oil firm's traders in December indicated that efforts to root out corruption had faltered, according to three people familiar with the matter. The scandal has spread across Latin America, toppling...

  • HOUSTON, April 22- Chevron Corp has told Petrobras it wants proof a Pasadena, Texas, refinery will function as promised before it will take possession of the facility, said Gulf Coast market sources.

  • Samsung postponed media events for the device planned for this week in Hong Kong and Shanghai. Instead of plaudits ahead of the phone's previously planned launch on April 26 in the United States, the South Korean conglomerate has been blighted by technology journalists reporting breaks, bulges and blinking screens, raising the spectre of the combustible...

  • NEW YORK, April 22- Chicago wheat futures fell more than 1 percent to a one-month low on Monday, pressured by generally favorable U.S. crop conditions and expectations of abundant global supplies, traders said. As of 12:30 p.m. CDT, Chicago Board of Trade May wheat was down 8-1/ 2 cents at $4.35-3/ 4 per bushel after dipping to $4.35-1/ 4, its lowest since March 12.

  • President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board. Cain has been a public advocate of many of Trump's policies, as has Stephen Moore, a fellow at the conservative Heritage Foundation think tank, who Trump has also said he wants to nominate for...

  • *Kimberly Clark touches 2- yr high as results beat estimates. April 22- U.S. stocks were trading flat on Monday, as investors were wary of making big bets ahead of a barrage of reports from major companies this week. We have major earnings coming up and some traders are waiting to see how that goes before making any big moves, "said Everett Millman, precious metals...

  • NEW YORK, April 22- Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week. Brent crude, the global benchmark, rose as much as 3.3 percent a barrel and was last up $1.98 to $73.95.

  • NEW YORK, April 22- The Treasury yield curve steepened on Monday, the start of a busy week in the financial market in which $237 billion of new debt will be auctioned off and more than a quarter of S&P 500 companies will report first-quarter earnings. Government bond auction sizes have ballooned since the start of 2018 as the United States takes on debt to pay for...

  • The U.S. Centers for Disease Control and Prevention said it had recorded 626 cases of the highly contagious and sometimes deadly disease in 22 states as of April 19, the highest rate of infection in five years. Iowa and Tennessee were the two states that joined the CDC list with new measles cases. More than half the cases recorded this year occurred in New York City,...

  • *Kimberly Clark touches 2- yr high as results beat estimates. April 22- U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check. "Q1 earnings have largely been a pleasant surprise thus far, but have not ignited investor...

  • WASHINGTON, April 22- The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic. The decision, taken by President Donald Trump, has sent oil prices to their highest in 2019, even...

  • *Kimberly Clark eyes 2- yr high as results beat estimates. April 22- U.S. stocks were set to open lower on Monday as investors returned from their Easter break and took a cautious stance at the start of what is expected to be the busiest week of the first-quarter earnings season. "Q1 earnings have largely been a pleasant surprise thus far, but have not ignited investor...