*U.S.-led plan seen as alternative to China energy proposal. PORT MORESBY, Nov 18- The United States and three of its Pacific allies said on Sunday they would work with Papua New Guinea to ensure most of the country had access to electricity by 2030, as Western powers seek to contain China's economic influence in the region. Leaders of the United States, Japan,...
NEW YORK, Nov 17- J. Crew Group Inc, known for its preppy men's and women's clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately. The decision, which leaves the retailer without a CEO ahead of the key holiday shopping season, was described in a statement as a mutual agreement between Brett and the New...
SEOUL, Nov 17- Chinese President Xi Jinping intends to visit North Korea next year after receiving an invite from North Korean leader Kim Jong Un, South Korea said on Saturday, which would make Xi the first Chinese leader to do so since 2005.. Xi told South Korean president Moon Jae- in in a bilateral meeting on the sidelines of the Asia Pacific Economic Co-operation...
PORT MORESBY, Nov 17- The United States will join Pacific ally Australia to build a naval base on Papua New Guinea's Manus Island, U.S. Analysts say a Chinese presence on Manus Island could impact the West's ability to navigate the Pacific while offering Beijing close access to U.S. bases in Guam. Pence said the United States would partner with Australia and PNG on...
*Pence says U.S. could double tariffs on China. *U.S. will not change course until China changes. PORT MORESBY, Nov 17- The United States will not back down from its trade dispute with China, and might even double its tariffs, unless Beijing bows to U.S. demands, Vice President Mike Pence said on Saturday.
Trump's trade war with China could disrupt the traditional Thanksgiving week rally
**FRANKFURT- ECB Chair of the Supervisory Board Daniele Nouy participates in conversation at the 19th Handelsblatt Annual Conference "EBR European Banking Regulation" in Frankfurt, Germany- 0915 GMT. LONDON- Bank of England Executive Director for UK Deposit Takers Supervision James Proudman speaking on' Cyborg Supervision- The Application of Advanced...
Nov 16- The chief of California's top utilities regulator said on Friday he was shocked to learn that reassurances he made to investors about PG&E caused the embattled power utility's stock to surge over 40 percent in a matter of minutes. PG&E's stock had slumped over 60 percent since the state's deadliest-ever wildfire broke out last week on fears that...
The move comes weeks after Republican Senator Chuck Grassley of Iowa, one of the country's biggest farm states and the biggest hog-producing state, slammed Smithfield for receiving what he said was aid from the USDA that was meant to help American farmers hurt by China's trade tariffs. USDA has agreed to the termination, " Tim Murtaugh, a spokesman for the USDA,...
NEW YORK, Nov 16- U.S. In a CNBC interview at the U.S. central bank's Washington headquarters on Friday, Fed Vice Chair Richard Clarida said the bank needs to be particularly data-dependent as rates are near the 2.5 percent to 3.5 percent "neutral" range that neither stimulates nor brakes economic growth. "The big driver right now is Fed speech," said Guy LeBas, chief...
Nov 16- Federal Reserve policymakers on Friday signaled further interest rate increases ahead, even as they raised relatively muted concerns over a potential global slowdown that has markets betting heavily that the rate-hike cycle will soon peter out. "We are at a point now where we really need to be especially data dependent," Richard Clarida, the Fed's newly...
*OPEC could cut supply by 1.4 mln bpd to prevent glut. NEW YORK, Nov 16- Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. OPEC kingpin Saudi Arabia is...
WASHINGTON, Nov 16- Senator Chuck Grassley said on Friday he will relinquish his job as U.S. Senate Judiciary Committee Chairman next year, creating a coveted vacancy atop a panel that reviews judicial nominations and was among those examining Russia's role in U.S. elections. The Senate must confirm appointments to the Supreme Court and other federal...
*Kirkuk exports had been halted since October 2017. *Iraq took over Kirkuk after failed Kurdish independence vote. LONDON/ BAGHDAD, Nov 16- Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil.
NEW YORK, Nov 16- The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. U.S. stocks moved higher, however, after President Donald Trump said China seemed willing to make a deal on trade and that the United States may not have to impose further tariffs on the Chinese...
*Sterling recovers as key Brexiteers back UK PM May's plan. NEW YORK, Nov 16- The dollar fell broadly on Friday in the wake of cautious comments from two U.S. The greenback fell to one-week lows versus the euro and a two-week trough against the yen following comments from Fed Vice Chair Richard Clarida, who told CNBC television he saw some evidence that global growth...
GE's stock is a sliver of its former self, and its bonds are now trading as if they are already junk-rated, putting pressure on new CEO Larry Culp to quickly raise cash and cut debt.
PARIS/ CHICAGO, Nov 16- U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model. "Expanding our A330 order book not only ensures that Delta's near-to-medium-term widebody needs are taken care...
CHICAGO, Nov 16- U.S. soybean futures turned higher Friday after President Donald Trump said China had sent a list of things it was willing to do to resolve trade tensions with the United States and his administration may not have to impose further tariffs. China, the world's biggest soy buyer, has responded with import tariffs on U.S. goods, including soybeans.
NEW YORK/ LONDON, Nov 16- Raw sugar futures and arabica coffee futures on ICE closed higher on Friday, boosted Strengthening in the currency of Brazil, the top producer of both commodities, boosted raw sugar and arabica coffee earlier. *March raw sugar settled up 0.04 cent, or 0.3 percent, at 12.69 cents per lb, down 0.3 percent from the week prior. *India's annual...
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