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Wires

  • BRASILIA, Nov 22- The studies division of Brazilian telecoms regulator Anatel has suggested modifications to a restructuring plan proposed by the board of debt-laden carrier Oi SA, a source with knowledge of the situation told Reuters late on Tuesday. According to the source, who requested anonymity because the matter is private, the division proposed that...

  • MOLINE, Ill.— Deere& Co. on Wednesday reported fiscal fourth-quarter net income of $510.3 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share. Five analysts surveyed by Zacks expected $6.91 billion.

  • LONDON, Nov 22- For a currency that has seen some of its biggest ever one-day moves on the back of Brexit, there is a peculiar calm in sterling hedging prices surrounding December's critical European Union summit. For many, the Dec. 13-14 get-together marks a critical juncture in the process of Britain leaving the bloc, with some market analysts seeing it as a...

  • Nov 22- U.S. tractor maker Deere& Co's profit rose 79 percent year-over-year in the fourth quarter, as it sold more farm machinery in overseas markets, particularly in South America. Moline, Illinois- based Deere said on Wednesday net income attributable to the company rose to $510.3 million or $1.57 per share in the quarter ended Oct. 29, from $285.3 million or 90...

  • LONDON— The Latest on the data breach at Uber:. Britain's Deputy Information Commissioner James Dipple-Johnstone said Wednesday the company faces "higher fines" because it concealed the hack from the public. The Information Commissioner's Office and the National Cyber Security Center are working to gauge the severity of the problem for British Uber users.

  • BRUSSELS— The European Union's executive says the bloc should in 2018 focus on ensuring that strong economic growth benefits all parts of society through policies targeting jobs growth, investment and reforms. In its look-ahead to the coming year's policy priorities, the European Commission said Wednesday that while the economy is growing nicely, wages are...

  • BEIJING/ HONG KONG, Nov 22- Chinese gaming giant Tencent Holdings Ltd is bringing "Playerunknown's Battleground," the world's hottest video game, to China, but with a twist. Tencent, which recently outstripped Facebook Inc in market value, said it had won the exclusive rights to the game in China, and that it would modify the game in order to meet the requirements of...

  • HAMILTON, Bermuda _ Frontline Ltd. on Wednesday reported a third-quarter loss of $24.1 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Nov 21- Holders of Venezuelan bonds are meeting with each other and considering forming committees, advisers and fund managers told Reuters, as questions mount about the feasibility of President Nicolas Maduro's proposal to restructure $60 billion of debt. A UK- based hedge fund, MacroSynergy Partners, has invited institutional holders of Venezuelan and...

  • The television spot, paid for by the group Not One Penny, urges the state's Republican senator, Susan Collins, who is undecided on the plan and whose vote could help decide its fate in the Senate, "not to lose her way." Another Not One Penny ad in Nevada, where Republican Senator Dean Heller faces a tough re-election race next year, says that the Senate plan is "a tax break...

  • *Fed minutes due at 1900 GMT. LONDON, Nov 22- Gold prices rose on Wednesday, helped by a weaker dollar ahead of the release of minutes from the latest U.S. The minutes, to be published at 1900 GMT, come after outgoing Fed Chair Janet Yellen said rates should rise gradually but warned she was "very uncertain" that inflation would soon rebound, suggesting a cautious...

  • The Turkish government have described the case as a "clear plot against Turkey", which lacks any legal basis. Foreign investors, which Turkey needs to finance its large budget and current account deficits, are also concerned about political pressure on the central bank, which is struggling to tame high inflation. Said Haidar, president and chief executive...

  • ANKARA, Nov 22- Turkey expects to receive its first Russian S-400 surface-to-air missiles in 2019, Defence Minister Nurettin Canikli said on Wednesday, the first time Ankara has given a firm timeline for a deal that has alarmed its NATO allies. Turkey has been in negotiations with Russia to buy the S-400 for more than a year, a decision seen by Washington and some...

  • ANKARA, Nov 22- Turkey expects to receive its first Russian S-400 surface-to-air missiles in 2019, Defence Minister Nurettin Canikli said on Wednesday, the first time Ankara has given a firm timeline for a deal that has alarmed its NATO allies. Turkey has been in negotiations with Russia to buy the S-400 for more than a year, a decision seen by Washington and some...

  • *Investors await Hammond's UK budget. LONDON, Nov 22- European shares traded only slightly higher on Wednesday, losing some of the momentum that pushed stocks in Asia and on Wall Street to new highs overnight on continued faith in synchronised global economic growth. Utilities posted the best sectoral performance in Europe, with Germany's RWE and Spain's...

  • ISTANBUL, Nov 22- Turkish Deputy Prime Minister Mehmet Simsek on Wednesday attempted to talk up a lira currency that has hit record lows for two days running, telling investors that a widening rift with the United States was "temporary". Ankara has described the case as a "clear plot against Turkey", and has accused the U.S. prosecutors of having links to the cleric it...

  • The guidelines stipulated that meat output from Heilongjiang, Jilin, Liaoning and Inner Mongolia should account for more than 15 percent of the country's output and milk output should reach more than 40 percent of national output by 2020. They include the "major" development zone, which includes top hog provinces Henan, Shandong, Sichuan and Hebei, and a zone with "...

  • BEIJING, Nov 22- China's largest pig farming companies and new entrants are racing to build vast, modern hog farms in the north-eastern cornbelt, expanding the world's biggest pork market and upending traditional trade flows in meat and grain. Many more companies, including the country's biggest pig farmer, Guangdong Wen's Foodstuff Group Co Ltd, are building...

  • *Signs of recovery in Turkey, Egypt. LONDON, Nov 22- Travel group Thomas Cook reported lower profit margins in its British business due to tough competition in Spain, sending its shares down more than 10 percent and leaving it reliant on a recovery in Egypt and Turkey to ease the pressure. Tour operators and airlines have expanded capacity in Spain and other western...

  • *OPEC meets on Nov. 30 to discuss production targets. LONDON, Nov 22- Oil prices spiked on Wednesday with U.S. light crude hitting highs not seen since July 2015 after faults on a major pipeline dented Canadian deliveries to the United States, where crude inventories were also reported to be falling. Keystone, which carries 590,000 barrels per day of crude from...