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Wires

  • Dec 12- Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies' activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded. The move would fulfill a 2015 campaign promise by Canadian Prime Minister Justin Trudeau's Liberal Party to...

  • JAKARTA, Dec 13- Uber Technologies Inc unveiled on Wednesday a new head of its Indonesian operations in a market where the online taxi company faces cutthroat competition, regulatory uncertainty and a reported U.S. probe into whether it broke bribery laws. "Uber's technology serves millions of riders and drivers across Indonesia, and together with a strong and...

  • LONDON, Dec 13- Prime Minister Theresa May's control of the Brexit process will undergo its stiffest parliamentary test yet on Wednesday, when she faces a showdown with rebels in her own party over the laws that will take Britain out of the European Union. May's government is trying to pass a bill through parliament that will repeal the 1972 legislation binding...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 13- Dec United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2036 13- Dec Italy Medium- to Long-Term auction 13- Dec Sweden Auction of government bonds 14- Dec Spain Bond auction 14- Dec Japan 3- month discount bill auction 14- Dec Japan Auction of 20- year government...

  • TOKYO- BOJ Governor Kuroda delivers brief speech at year-end party of private economists- 0900 GMT. ROCHESTER, N.Y.- Federal Reserve Board Governor Lael Brainard gives opening remarks before a Workforce Development Video Campaign award ceremony co-sponsored by the Federal Reserve Bank of New York, in Rochester, New York- 2300 GMT. FRANKFURT- ECB President Mario...

  • TOKYO, Dec 13- Toshiba Corp and its chip business partner Western Digital Corp agreed to settle a long-running dispute over the embattled Japanese conglomerate's plans to sell its chip unit, the companies said in a statement, removing a key obstacle to the deal. Toshiba agreed in late September to sell Toshiba Memory, the world's second-biggest producer of NAND...

  • *Oct core machinery order +5.0 pct m/m vs consensus +3.0 pct. *Capital spending has played key role in economy's expansion. TOKYO, Dec 13- Japanese machinery orders rose more than expected in October, the Cabinet Office said on Wednesday, rebounding after a big fall in the prior month in a sign capital spending will remain resilient.

  • NEW YORK— One of the owners of several high-profile New York restaurants is taking a leave of absence after being accused of sexual misconduct by several women who worked for him. Friedman, who co-owns the Spotted Pig and four other New York restaurants with chef April Bloomfield, apologized for his actions in a statement that the Times uploaded to its website.

  • TOKYO, Dec 13- Japan's core machinery orders rose 5.0 percent in October from the previous month, Cabinet Office data showed on Wednesday, rebounding from a big fall in the prior month in a sign of resilience in capital spending. The rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months,...

  • California and several other states with Democratic attorneys general promptly sued and asked for the policy to be blocked while its legality is decided. At a hearing in an Oakland, California, federal court on Tuesday, attorneys for California argued the Trump administration acted too quickly and did not follow proper notice procedures when issuing the new...

  • WARSAW, Poland— The United States says it is concerned by Poland's decision to impose a heavy fine on a private American-owned television broadcaster. State Department spokeswoman Heather Nauert said in a statement Tuesday that "this decision appears to undermine media freedom in Poland, a close ally and fellow democracy." Poland's media regulator fined...

  • NEW YORK— Some of Facebook's former friends are starting to express some serious doubts about the social network they helped create. Chamath Palihapitiya, a former Facebook vice president who joined the company in 2007, recently told an audience at Stanford that the company is "ripping apart the social fabric of how society works." And Roger McNamee, a venture...

  • NEW YORK, Dec 12- A Manhattan federal judge on Tuesday dismissed a lawsuit brought by New York's banking regulator against the U.S. Since the OCC has not reached a final decision on the fintech charters, the claims were "not ripe," and any purported harm speculative, U.S. District Court Judge Naomi Reice Buchwald wrote in her decision tossing the case without...

  • BUENOS AIRES, Dec 12- The United States, European Union and Japan vowed on Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of China's economic system. In a joint statement that did not single out China or any other country, the three economic powers said...

  • *Hyundai plans to have 38 green models by 2025- Lee. SEOUL, Dec 13- Hyundai Motor Co believes electric vehicle battery prices will level off by 2020 due to supply constraints of key ingredients, ending years of sharp declines that have helped stimulate activity in the booming sector. While rivals have announced ambitious plans for electric vehicles, some analysts...

  • NBC's "Today" show was the most-watched morning program for the first full week after long-time host Matt Lauer was fired because of sexual misconduct charges. The Nielsen company said it was the first time in a year that "Today" had beaten its rival "Good Morning America" at ABC for two consecutive weeks. The show's victory the previous week wasn't very surprising.

  • WASHINGTON, Dec 12- U.S. House Republicans proposed on Tuesday to delay or suspend several taxes under former President Barack Obama's healthcare law, including a tax on medical devices and the so-called "Cadillac" tax on generous health insurance plans. The move represents a new Republican attempt to roll back provisions of the 2010 Affordable Care Act widely...

  • Toshiba agreed in late September to sell Toshiba Memory, the world's second-biggest producer of NAND chips, to a consortium led by Bain Capital LP for $18 billion to cover billions of dollars in liabilities arising from Toshiba's now bankrupt U.S. nuclear power unit Westinghouse. As part of the settlement, Toshiba and Western Digital will extend existing...

  • MoviePass, a Netflix-style movie subscription business, allows unlimited access to more than 90 percent of U.S. theaters for a monthly subscription fee of $9.95. The switch to a single $9.95 model in August helped the company's subscriber numbers surge to over 400,000 from less than 20,000 within a month. Helios is a highly shorted stock, with about 42 percent of...

  • Banks led U.S. stocks mostly higher Tuesday, bringing more records for the major indexes. The Standard& Poor's 500 index and the Dow Jones industrial average closed at all-time highs for the second time this week. The Russell 2000 index of smaller-company stocks fell 3.72 points, or 0.2 percent, to 1,516.12.