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Wires

  • Trump has long sought a way to a more balanced trade relationship with China and threatened to impose a big "fine" against China to protect American intellectual property. A source close to the White House said he had expressed interest in imposing a tariff on steel imports of at least 24 percent, but a White House spokesman said no final decision had been made.

  • BEIJING, Feb 24- Following is a breakdown of average new home price changes in major Chinese cities in January, announced by the National Bureau of Statistics on Saturday. Home price figures published since January 2011 are not comparable with previous periods as the bureau introduced a new calculation method. For January's data, the government excluded sales...

  • *Beijing's prices +0.2 pct m/m, Shanghai and Guangzhou -0.4 pct. BEIJING, Feb 24- China's new home prices in January grew 5 percent from a year earlier, data from the statistics bureau showed on Saturday, even as the government continued its efforts to rein in speculative demand to fend off bubble risk. Last month, Beijing's new home prices rose 0.2 percent month on...

  • BEIJING, Feb 24- Property price growth in China was "stable while slightly lower" in January, the nation's statistics bureau said in a statement on Saturday, as data showed prices in eleven major cities fell year on year. Last month, Beijing's new home prices rose 0.2 percent month on month, while Shanghai and Guangzhou prices fell 0.4 percent and the market in...

  • CHINA'S PROPERTY PRICE GROWTH IN JAN WAS' STABLE WHILE SLIGHTLY LOWER'- STATS BUREAU.

  • FRANKFURT/ RIGA, Feb 24- Latvian lender ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank said separately on Saturday. Latvia, a member of the euro zone and which borders Russia, has come under increasing scrutiny recently over allegations...

  • Feb 23- A Florida golf club owned by U.S. District Judge Kenneth Marra, who must approve the settlement, last February had ordered the Trump National Golf Club in Jupiter, Florida, to pay. Lawyers for the golf club and the Trump Organization did not immediately respond to requests for comment.

  • NEW YORK, Feb 23- The fallout over last week's shooting rampage at a Florida high school started to take its toll on the National Rifle Association's roster of corporate partners on Friday as a half dozen companies severed marketing ties with the gun advocacy organzation. Moms Demand Action for Gun Sense in America, founded after 20 first-graders were shot and...

  • Feb 23- A federal judge in Louisiana on Friday revoked a permit for Energy Transfer Partners' Bayou Bridge crude oil pipeline, halting work on a portion of the project following protests by local and environmental groups. Friday's ruling granting a preliminary injunction requires the U.S. Army Corps of Engineers to revisit its approval of the pipeline's...

  • Trump has long sought a way to a more balanced trade relationship with China and threatened to impose a big "fine" against China to protect American intellectual property. A source close to the White House said he had expressed interest in imposing a tariff on steel imports of at least 24 percent, but a White House spokesman said no final decision had been made.

  • WASHINGTON— Attorneys general of Maryland and the District of Columbia on Friday expanded their lawsuit accusing President Donald Trump of accepting gifts from foreign and state governments, suing him not only as president but in his personal capacity as a businessman. The lawsuit, filed in federal court in Maryland, is one of several recent cases...

  • WASHINGTON, Feb 23- The National Rifle Association on Friday honored the head of the Federal Communications Commission with a rifle after braving death threats and other opposition as he worked to undo the Obama administration's 2015 net neutrality rules. FCC Chairman Ajit Pai was honored at the Conservative Political Action Conference in Oxon Hills,...

  • SAO PAULO, Feb 23- A group of shareholders of Brazil's food processing company BRF SA will seek to oust the entire board of the company, according to local media reports, following the firm's worst annual results ever. Newspapers Valor Econômico and O Globo reported late on Friday in their online editions that a group led by Brazilian pension funds Previ and...

  • NEW YORK, Feb 23- General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. "WMC and GE Capital will explore whether an acceptable settlement of this matter...

  • CHICAGO— Warren Buffett is stepping down from the board of directors of Kraft Heinz Co.. Kraft Heinz said its board will nominate Alexandre Van Damme to take Buffett's seat. Van Damme is also a board member of Anheuser-Busch Inbev and Restaurant Brands International.

  • Federal Reserve Today in Washington. 26- Feb Italy Bills auction 27- Feb Japan Auction of 2- year government bonds 27- Feb Italy Medium-long term auction 27- Feb Belgium Auction of Treasury bills 28- Feb Germany Auction of 10- year Federal bonds 28- Feb Sweden Auction of Treasury bills. 1- Mar Spain Bond auction 1- Mar United Kingdom Auction of 0 3/ 4% Treasury...

  • Dropbox is hoping to raise $500 million in an IPO that comes 11 years after it started in San Francisco. That includes a loss of $112 million on revenue of $1.1 billion last year. A smaller competitor, Box Inc., went public at $14 per share two years ago and the stock shot to $23.23 in its first day of trading.

  • BUDAPEST- Hungarian Central Bank rate-setting meeting- 1300 GMT. SAO PAULO- Federal Reserve Bank of New York President William Dudley speaks on trade and globalization before an event organized by the Central Bank of Brazil- 1600 GMT. PRAGUE- European Central Bank Executive Board member Yves Mersch speaks at the KPMG Finance Forum 2018- 0800 GMT.

  • WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the National Association for Business Economics conference, "Promoting Sustained Growth: Policy Tensions and Risks"- 1300 GMT. WASHINGTON- Federal Reserve Vice Chair for Supervision Randal Quarles speaks on "A View From the...

  • WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the National Association for Business Economics conference, "Promoting Sustained Growth: Policy Tensions and Risks"- 1300 GMT. WASHINGTON- Federal Reserve Vice Chair for Supervision Randal Quarles speaks on "A View From the...