Top News & Analysis North America

  • *Three of the 11 major S&P sectors higher. Jan 23- The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter& Gamble. Wall Street's attempt to rebound from a more than 1 percent loss on Tuesday, which was...

  • The Italian-American automaker on Jan. 10 announced it settled civil claims with the U.S. Justice Department, the state of California and diesel owners that it used illegal software that produced false results on diesel-emissions tests. The settlement includes $311 million in total civil penalties to U.S. and California regulators, up to $280 million to...

  • *CEOs in both US, China say they are reeling from trade war. *Long-term growth is in China, India- Unilever CEO. Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they are worried Trump's trade war with China will dampen the global economy and business investments even...

  • NEW DELHI, Jan 23- The Indian government has appointed Piyush Goyal as its interim finance minister as the current Finance Minister Arun Jaitley receives medical treatment, the president's office said in a statement. Railway Minister Piyush Goyal, who took charge of the finance ministry in Jaitley's absence when he was on medical leave for three months last...

  • INDIA'S JAITLEY IS LIKELY TO FACE SURGERY IN NEW YORK ON THURSDAY- SOURCE.

  • *Deutsche Bank acted as correspondent bank for Danske. FRANKFURT, Jan 23- Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank. The statement came in response to a Bloomberg report that said the U.S.

  • HARARE, Jan 23- Zimbabwe's President Emmerson Mnangagwa has promised action in response to a crackdown by security forces on anti-government protesters following a hike in the price of fuel. Zimbabwe's Human Rights Commission accused security forces of systematic torture. Critics say the country is reverting to the authoritarian rule that characterised...

  • *P&G, UTX, Comcast rise after results beat. *IBM biggest gainer among Dow components. Jan 23- U.S. stocks rose on Wednesday, as strong earnings from IBM, United Technologies and Procter& Gamble led a rebound for Wall Street from its second biggest decline in 2019..

  • MOSCOW, Jan 23- VTB Bank is not writing off debt owed by Oleg Deripaska under a deal to lift U.S. sanctions from Russia's En+ Group, VTB First Deputy CEO Yuri Soloviev was quoted as saying by Interfax news agency on Wednesday. Treasury has agreed to remove sanctions against En+ and aluminium giant Rusal, in which it owns a 48 percent stake, as well as power firm...

  • Jan 23- U.S. stocks were set to open higher on Wednesday, with strong earnings from Dow components IBM, United Technologies and Procter& Gamble looking to propel a rebound after Wall Street suffered its second biggest decline in 2019.. The gains follow Wall Street's more than 1 percent loss on Tuesday as worries about slowing global growth came to the fore after a...

  • *FT report on U.S.- China talks rekindle trade worries. Trading was choppy as hopes of more stimulus measures from China to shore up its economy offset worries over progress between Washington and Beijing in resolving their trade spat. The main driver of the earlier risk-off tone was a Financial Times report that Washington had rejected an offer from Beijing...

  • OSLO, Jan 23- Norway's sovereign wealth fund, the world's biggest, has bought six logistics properties in Chicago, Nashville and Orlando together with real estate partner Prologis, the fund said on Wednesday. "Norges Bank Real Estate Management paid $87.7 million for its 45 percent interest... The sellers are ventures between Prologis and U.S. pension funds...

  • *Japan determined to preserve open international order. "Japan is determined to preserve and committed to enhancing the free, open, and rules-based international order," he told delegates. Abe said Japan, as chair of this year's gathering of the Group of 20, will also seek to spearhead discussions on climate change and ways to facilitate use of digital data while...

  • *Japan determined to preserve open international order. "Japan is determined to preserve and committed to enhancing the free, open, and rules-based international order," he told delegates. Abe said Japan, as chair of this year's gathering of the Group of 20, will also seek to spearhead discussions on climate change and ways to facilitate use of digital data while...

  • *FT report on U.S.- China talks rekindle trade worries. Trading was choppy overnight as hopes of more stimulus measures from China to shore up economic growth clashed with worries over progress between Washington and Beijing to resolve a trade spat between the world's top two economies. "The main culprit for the risk-off tone this morning is the change in...

  • *Deutsche Bank acted as correspondent bank for Danske. FRANKFURT, Jan 23- Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank. The statement came in response to a Bloomberg report that said the U.S.

  • BEIJING, Jan 23- China's imports of livestock feed grains sorghum and barley shrank further in December, customs data showed on Wednesday, as Beijing's trade disputes with major exporters continued to shrivel demand. China- previously the world's top sorghum buyer- bought none of the grain in December, compared with 160,000 tonnes a year earlier, according to...

  • SINGAPORE, Jan 23- London aluminum prices rose for a second session on Wednesday to trade near last session's one-month high, underpinned by signs of falling production in China. Copper ticked higher after closing lower in the last two sessions, although concerns over trade dispute between Washington and Beijing kept a lid on prices of industrial metals.

  • CHICAGO, Jan 23- U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons. Perez took advantage of one of the tightest labor markets in the United States, created by years of slow hiring, a wave of pending retirements...