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  • DAVOS, Switzerland, Jan 21- European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before U.S. Politicians, business chiefs, bankers and celebrities will meet in the Swiss Alps under the banner "Creating a Shared Future in a Fractured World" for the four-day gathering against an unsettling global backdrop.

  • LONDON— A British Airways pilot has been removed from the cockpit of a flight amid fears he was drunk. The Sun newspaper reported Saturday that police "rushed on the plane and headed straight for the cockpit. Sussex police say a 49- year-old man from west London has been arrested "on suspicion of performing an aviation function when the level of alcohol was over the...

  • LONDON— French President Emmanuel Macron has suggested that Britain is likely to negotiate a unique relationship with the European Union before it leaves the bloc next year, while stressing that any agreement must be consistent with EU rules. In remarks released Saturday, Macron told the BBC's Andrew Marr television program that Britain cannot maintain its...

  • **WASHINGTON- Senate Banking Committee holds a hearing on the nomination of Marvin Goodfriend to be a member of the Federal Reserve Board of Governors- 1500 GMT. STOCKHOLM- The Riksdag Committee on Finance is holding an open hearing on financial stability and macroprudential policy. Minister for Financial Markets Per Bolund, Riksbank Governor Stefan Ingves,...

  • CHICAGO/ CALGARY, Alberta, Jan 19- Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London- based rival Glencore Plc.. Thin margins have squeezed core commodity trading operations, including those of Bunge, ADM, Cargill Inc and Louis...

  • LONDON, Jan 19- The chief executive of Dixons Carphone has quit Britain's largest electricals and mobile phone retailer to run the Boots chain in the country, Dixons said on Friday. Boots in the UK is part of Walgreens Boots Alliance, based in Deerfield, Illinois, which was formed in 2014 after Walgreens purchased the majority stake in UK and Switzerland- based...

  • Jan 19- Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London- based rival Glencore Plc in an industry moving toward consolidation. White Plains, New York- based Bunge operates in more than 40 countries and is...

  • Jan 19- Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London- based rival Glencore Plc. Bunge and other top grains traders- who make money by buying, selling, storing, shipping and trading crops- are struggling to...

  • Houston, Jan 19- Oil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging U.S. production concerns. Brent crude futures fell 70 cents, or 1 percent, to settle at $68.61 a barrel after hitting a session low of $68.28. West Texas Intermediate crude...

  • NEW YORK/ LONDON, Jan 19- Gold prices rose slightly on Friday as the U.S. dollar hovered near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six weeks. The U.S. dollar fell versus a basket of currencies as the U.S. Senate raced to avert a government shutdown on Friday ahead of a...

  • Houston, Jan 19- Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October despite hitting three-year highs earlier this week as concerns over growing U.S. production outweighed tightening global supplies. Brent crude futures were trading 68 cents lower at $68.63 a barrel at 1:26 p.m. EST. West Texas Intermediate crude...

  • *Coming Up: Baker Hughes U.S. oil rig count at 1 p.m./ 1800 GMT. Houston, Jan 19- Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. Brent crude futures were trading 69 cents lower at $68.53 a barrel at 11:22 a.m. EST.

  • President Donald Trump postponed plans to leave Washington while the U.S. Congress faced a midnight deadline to come up with funding legislation to avoid the shutdown. Legislation to stave off an imminent federal government shutdown encountered obstacles in the Senate on Thursday night, despite the passage of a month-long funding bill by the House of...

  • LONDON, Jan 19- Sterling weakened on Friday after disappointing UK retail sales data dented broadening optimism about a currency that is enjoying its best winning streak against the dollar since 2014.. Before Friday's drop, sterling had been rallying against the dollar, with traders welcoming positive noises from the European Union about negotiations for...

  • NEW YORK— The Latest on a proposal to charge motorists out $11.52 to drive into the busiest parts of Manhattan:. Motorists would have to shell out $11.52 to drive into the busiest parts of Manhattan under a proposal commissioned by the Democratic governor to ease congestion. Mayor Bill de Blasio says he'd like a guarantee that funds raised under a Manhattan...

  • LONDON/ BALMEDIE, Scotland, Jan 19- In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week. Britain's biggest corporate failure in almost a decade threatens thousands of jobs and has forced the government to step in to...

  • LONDON, Jan 19- The dollar labored near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015, as worries about a possible U.S. government shutdown weighed. The bill has yet to be approved by the Senate, where it faces an uncertain future. The prospect of Senate approval has...

  • LONDON, Jan 19- The unplanned shutdown in December of Britain's biggest oil pipeline, Forties, which shut off supplies for more than two weeks and fired up global oil prices, had an unlikely cause: Scottish granite, its owner Ineos said. "The precise point of the transverse weld of the pipeline was resting on a sharp ridge of granite rock and over time vibration of the...

  • *10- year UST yields hit highest since Sep 2014. LONDON, Jan 19- The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Legislation to stave off an imminent federal government shutdown encountered obstacles in the Senate on Thursday night, despite the passage of a month-long funding...

  • LONDON, Jan 19- Gold prices rose half a percent on Friday as the dollar laboured near a three-year low amid heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six. The U.S. dollar fell versus a basket of currencies after legislation to stave off an imminent federal government shutdown encountered...