×

Wires

  • *Railroad CSX drops after CEO Hunter Harrison dies. Republicans Senators on Sunday said they expected Congress to pass the tax bill this week, with a Senate vote set for Tuesday and President Donald Trump expected to sign the bill into law by the end of the week. "The market is going to continue its rally based on the belief that we're going to see the Congress pass tax...

  • *House-Senate Republicans put finishing touches on tax bill. NEW YORK, Dec 18- The dollar fell against a basket of major currencies on Monday, as concerns grew on whether a proposed U.S. tax reform program would have a major impact on economic growth, after the bill moved another step closer to passage over the weekend. "Traders are taking a more cautious approach......

  • Dec 18- Hundreds of flights were canceled into and out of Atlanta's Hartsfield-Jackson International Airport on Monday, a day after a paralyzing 11- hour power outage at the world's busiest airport left passengers marooned on airplanes idling on the tarmac. More than 400 planned flights to or from Atlanta were scrapped and another 86 were delayed, according...

  • LONDON, Dec 18- Britain led calls for an end to coal-fired power generation at United Nations climate talks in Bonn last month but at the same time British companies are active in coal projects around the world, often with government help. In Britain, the use of coal in electricity generation has declined sharply since the introduction of a carbon tax in 2013,...

  • WASHINGTON, Dec 18- The Federal Reserve said on Monday it was eliminating one rule and proposing to pare back another that cover areas already monitored by a U.S. consumer regulator. The U.S. central bank said it was repealing its Regulation C, which covered home mortgage disclosure, saying its rules had been superseded by ones written by the Consumer Financial...

  • TREASURY YIELDS HOLD AT HIGHER LEVELS AFTER STRONGER-THAN-FORECAST NAHB U.S.

  • SAO PAULO, Dec 18- Chilean stocks hit a record high on Monday and the peso soared after conservative Sebastian Pinera won a presidential election by a wider-than-forecast margin, fueling expectations of further business-friendly policies. Shares of construction companies such as Besalco SA, Socovesa SA, Paz Corp and SalfaCorp SA rose more than 10 percent.

  • Dec 18- Total System Services Inc on Monday said it would buy payment technology firm Cayan for $1.05 billion in cash to expand its offerings to small and mid-sized U.S. businesses. BofA Merrill Lynch and Greenhill& Co LLC are acting as financial advisers to TSYS, while Financial Technology Partners LP is the financial adviser to Cayan. TSYS in January 2016...

  • JERUSALEM, Dec 18- A union ordered a strike by workers at Israeli drugsmaker Teva Pharmaceutical Industries on Tuesday after two days of protests by employees over planned job cuts by the indebted firm. Hundreds of Teva employees, many wearing white lab coats, blocked the road and entrance to the Finance Ministry in Jerusalem, where union leaders met ministry...

  • TORONTO, Dec 18- Canada's main stock index gained in a broad rally in early trade on Monday, led by big banks and energy companies as well as Valeant Pharmaceuticals International Inc, which said it was bringing an eye treatment to market.

  • Stocks are opening broadly higher on Wall Street as the Republican-backed tax plan moves ahead. Akamai Technologies jumped 16 percent. Snyder's-Lance, which makes pretzels and other snack foods, rose 7 percent after agreeing to be acquired by Campbell Soup.

  • *Canadian dollar at C $1.2871, or 77.69 U.S. cents. TORONTO, Dec 18- The Canadian dollar was little changed against its U.S. counterpart on Monday, with the loonie trading in a narrow range ahead of domestic data later in the week that could help guide expectations for the interest rate outlook. nearly unchanged at C $1.2871 to the greenback, or 77.69 U.S. cents.

  • *Acquisition to triple Statoil's output in Brazil. *Statoil sees Brazil as its core exploration area. OSLO, Dec 18- Norway's Statoil will triple its output off the coast of Brazil after agreeing to buy a 25 percent stake in Roncador, one of the country's largest oilfields, from national oil company Petrobras for up to $2.9 billion.

  • Dec 18- Wall Street's three main indexes opened at record highs on Monday as the long-awaited tax overhaul plan looked set for legislation and a flurry of year-end corporate dealmaking that has topped $11 billion so far buoyed optimism. The Dow Jones Industrial Average rose 134.06 points, or 0.54 percent, to 24,785.8. The S&P 500 gained 13.17 points, or 0.492187...

  • CRUDE OIL FALLS TO SESSION LOW OF $57.27 A BARREL AS U.S.

  • *North Sea pipeline outage underpins prices. LONDON, Dec 18- Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers' strike in the Nigerian energy industry. were at $63.59 a barrel at 1415 GMT, up 36 cents.

  • NEW YORK/ LONDON/ SYDNEY, Dec 18- Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder. A total of 751 contracts- each of them for five bitcoins- had been traded on CME's January futures contract as of...

  • *Tunisia hopes surge in olive production will ease unemployment. BENI HASSEN, Tunisia, Dec 18- Trucks loaded with boxes full of olives were queueing at a press plant in this small Tunisian town as the North African country sees a surge in olive oil production in a badly-needed boost to its ailing economy. Tunisia has been in economic crisis since a popular uprising...

  • The move comes after the Ontario Securities Commission scheduled a hearing on CanniMed's request to intervene in a hostile takeover bid by Aurora on Dec. 20. Saskatoon, Saskatchewan- based CanniMed on Dec. 11 had asked the Financial and Consumer Affairs Authority of Saskatchewan and the Ontario Securities Commission to declare that Aurora's move to take its...

  • NEW YORK, Dec 18- The gap between U.S. shorter-dated and longer-dated Treasury yields contracted to its smallest in a decade on Monday on expectations the government would increase its short-term borrowing with the possible passage of the federal tax cut bill. The last time flattening was this fast was in May when the Fed appeared to confirm the years second...