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Wires

  • WASHINGTON, Jan 18- Three hours west of Chicago, a federal prison stands ready to take in thousands of inmates and hire hundreds of guards, but its expansion is on hold, awaiting approval from a U.S. Congress that is again paralyzed by budget disputes. In Florida, the Coast Guard patrols the waters off President Donald Trump's Mar-a-Lago resort, working off an...

  • *OPEC forecasts higher output from U.S., other non- OPEC. The market remains wary that OPEC- led output cuts will trigger price hikes that will increase supply from the United States. Crude is just below its highest price since December 2014, supported by supply cuts led by the Organization of the Petroleum Exporting Countries and concern that unrest in producer...

  • At the North American Bitcoin Conference in Miami, investors and executives interviewed by Reuters were unfazed by government moves to further regulate cryptocurrencies, which have sent prices into a tailspin. In recent weeks, Japan and China have made noises about a regulatory crackdown while South Korean policymakers said they are considering shutting...

  • At the North American Bitcoin Conference in Miami, investors and executives interviewed by Reuters were unfazed by government moves to further regulate cryptocurrencies, which have sent prices into a tailspin. In recent weeks, Japan and China have made noises about a regulatory crackdown while South Korean policymakers said they are considering shutting...

  • At the North American Bitcoin Conference in Miami, investors and executives interviewed by Reuters were unfazed by government moves to further regulate cryptocurrencies, which have sent prices into a tailspin. In recent weeks, Japan and China have made noises about a regulatory crackdown while South Korean policymakers said they are considering shutting...

  • "We would have loved to have made it into the next round for Amazon's second headquarters but everyone here is incredibly proud of the proposal we submitted," Mayor Mike Duggan said. "I can understand that some Kansas Citians may be disappointed, but it's important to remember that as a result of this very collaborative effort, more people today know more great...

  • NEW YORK— Japanese technology conglomerate SoftBank says it has closed a deal to acquire 15 percent of Uber. As part of the deal, SoftBank Group Corp. will invest about $9 billion in the ride-hailing company, including about $1.25 billion in new shares. Uber is hoping the deal helps it move past recent internal strife and strengthens the position of CEO Dara...

  • BRASILIA, Jan 18- Boeing Co is working to overcome the Brazilian military's objections to its proposed tie-up with Embraer SA with alternatives that would preserve the government's strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters. The U.S. planemaker was forced back to the drawing board...

  • BRAZILIAN RESISTANCE TO BOEING-EMBRAER TIE-UP STEMS FROM AIR FORCE, NOT FINANCE MINISTRY OR STATE DEVELOPMENT BANK BNDES SOURCES.

  • BOEING'S PROPOSED TIE-UP WOULD VALUE EMBRAER AT $5- 6 BLN SOURCE.

  • EXCLUSIVE-BOEING WILLING TO PRESERVE BRAZIL GOVERNMENT'S GOLDEN SHARE IN EMBRAER, STUDYING ALTERNATIVES TO MAINTAIN NATIONAL SOVEREIGNTY OVER DEFENSE PROGRAMS SOURCES.

  • NEW YORK, Jan 18- The U.S. dollar fell on Thursday as traders piled into the euro, yen, sterling and other major currencies, prompted by concerns over a possible U.S. government shutdown as lawmakers struggled to cobble together a federal budget deal. "Politics are sabotaging economics," said Boris Schlossberg, managing director of FX strategy at BK Asset Management...

  • MINNEAPOLIS— Key senators and farm groups are trying to fix a provision in the federal tax overhaul that gave an unexpected tax break to farmers who sell their crops to cooperatives rather than regular companies. But it's not clear they can rework the legislation given the partisan divide on Capitol Hill. John Thune of South Dakota and John Hoeven of North...

  • SAN FRANCISCO, Jan 18- A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The SoftBank-led deal includes a large purchase of shares from existing Uber investors and employees at a...

  • WASHINGTON, Jan 18- Proposals before the U.S. Senate and House to tighten rules on foreign investment into critical technologies could cause companies to take their research and development overseas to avoid scrutiny, critics said on Thursday. The bills before the House of Representatives and the Senate would allow the inter-agency Committee on Foreign...

  • SAO PAULO, Jan 18- Brazilian prosecutors asked on Thursday that the local unit of Bank of New York Mellon Corp return 8.2 billion reais to local pension fund Postalis, according to a statement. Prosecutors said the Brazilian unit of BNY Mellon, which managed part of the assets held by the pension fund Postalis, caused losses to the fund. A Sao Paulo court now will...

  • TORONTO, Jan 18- Canadian Imperial Bank of Commerce is targeting a valuation of 10 times earnings for the potential listing of its FirstCaribbean business in New York, which would give it a market value of around $1.4 billion, five sources familiar with the matter told Reuters over the past week. That would represent a 30 percent discount to FirstCaribbean's...

  • SOFTBANK-LED DEAL WITH UBER HAS CLOSED, WITH UBER RAISING $1.25 BLN AND INVESTORS TAKING 17.5 PCT STAKE BY END OF DAY- UBER.

  • BUENOS AIRES, Jan 18- The Buenos Aires Grain Exchange may again reduce its 2017/ 18 soy planting area estimate due to sowing delays caused by dry weather in the northwestern part of Argentina, it said on Thursday. Last week the exchange trimmed its 2017/ 18 soy planting area estimate to 18 million hectares from 18.1 million, citing dryness in the bread-basket...

  • *Spot gold could fall to $1,250 by mid year- Julius Baer. NEW YORK/ LONDON, Jan 18- Gold was flat in a narrow range on Thursday, first dipping as the dollar rose and then rising as the dollar moved lower, but bullion's gains were limited by higher U.S. $12, or 0.9 percent, at $1,327.20 per ounce.