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Wires

  • *Li Shufu has built 9.69 pct stake in maker of Mercedes cars. BEIJING/ FRANKFURT, Feb 24- The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li...

  • NEW YORK— Recently filed federal charges against President Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his New York real estate in recent years. Dubbed "Lender B" in court papers, Citizens Bank not only lent Manafort $3.4 million based off of fraudulent...

  • WASHINGTON— Attorneys general of Maryland and the District of Columbia have 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 challenging Trump's ties to...

  • *China's Jan average new home prices rise 5 pct y/y. BEIJING, Feb 24- China's new home prices grew in January although major cities saw early signs of softening, as the government continued its efforts to rein in speculative demand to fend off bubble risk. Average new home prices in China's 70 major cities rose 5 percent in January from a year earlier and 0.3 percent...

  • WASHINGTON— A majority of Americans believe the country's overall direction has dipped in the past year. That's according to a new poll from The Associated Press-NORC Center for Public Affairs Research. The survey released Friday found Americans have a better feeling about the state of the U.S. economy, but remain largely sour on President Donald Trump.

  • PYEONGCHANG, South Korea— Visitors to the 2018 Winter Olympics may remember many things. The extreme cold during week one. The two stores saw a combined 46,000 visitors a day during last week's Lunar New Year long weekend, up from 25,000 visitors a day during the rest of the Olympics, according to the game organizers.

  • SAN FRANCISCO/ BEIJING Feb 24- When Apple Inc begins hosting Chinese users' iCloud accounts in a new Chinese data center at the end of this month to comply with new laws there, Chinese authorities will have far easier access to text messages, email and other data stored in the cloud. Until now, such keys have always been stored in the United States, meaning that any...

  • 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...