×

Wires

  • PARIS, Feb 21- AccorHotels, Europe's largest hotel company, posted a forecast-beating 10.1 percent rise in like-for-like operating profits for 2017, helped by cost controls and robust demand in all key regions except Brazil. AccorHotels, which runs high-end chains such as Raffles and Sofitel as well as budget brands such as Ibis, said earnings before interest...

  • NEW YORK, Feb 21- A fund managed directly by Alan Howard, one of Britains best known investors, lost nearly 9.0 percent net of fees from May through December 2017, according to information provided to Reuters by a spokesman for two New York City employee pension funds. The Brevan Howard AH Fund LP was launched last year amid client defections from Brevan Howard...

  • WELLINGTON, New Zealand— New Zealand estimates a Pacific trade deal would boost its economy by up to 1 percent as exporters would face reduced tariffs on goods like kiwifruit, wine and beef. The countries, which include Japan, Canada and Australia, intend to sign the deal in March. New Zealand estimates the deal would expand its economy by up to 4 billion New Zealand...

  • NAIROBI, Feb 21- Kenya's $1.5 bln standby credit facility remains in place until the end of March 2018, the International Monetary Fund said in a statement on Wednesday, contradicting a statement given a day earlier that access to the facility was lost in June. On Tuesday, Jan Mikkelsen, IMF representative in Kenya, told Reuters that access to the two-year...

  • NAIROBI, Feb 21- Kenya's $1.5 bln standby credit facility remains in place until the end of March 2018, the International Monetary Fund said in a statement on Wednesday, contradicting a statement given a day earlier that access to the facility was lost in June. "The precautionary SBA/SCF arrangement remains in place until end-March 2018," the statement said.

  • KENYA'S $1.5 BLN STANDBY CREDIT FACILITY IS STILL IN PLACE UNTIL END OF MARCH 2018- IMF.

  • SEOUL, Feb 21- General Motors has proposed investing $2.8 billion into its struggling South Korean operations over the next 10 years and has asked Seoul to provide funds for the investment, a South Korean government official said on Wednesday. Last week, the U.S. automaker announced it would shut down a factory in Gunsan, southwest of Seoul, and said it was mulling...

  • *Spot gold may drop to $1,316/ oz- technicals. Spot gold had slipped by 0.2 percent to $1,326.37 an. Earlier in the day, prices touched the lowest since Feb. 14 at $1,325.31 an ounce.

  • SINGAPORE, Feb 21- The dollar inched higher on Wednesday as the near-term focus shifted to the minutes of the Federal Reserve's last policy meeting for hints on the future pace of U.S. monetary tightening. The greenback rose 0.3 percent to 107.70 yen. "It's mainly a positioning clean-up in my view," said Tareck Horchani, head of sales trading in Asia Pacific for Saxo...

  • West Texas Intermediate crude futures were at $61.07 a barrel at 0446 GMT, down 72 cents, or 1.2 percent, from their last settlement. Wang Tao, Reuters technical commodity analyst, said Brent could fall into a range of $63.92 to $64.41 per barrel, as suggested by its wave pattern and a projection analysis. "The U.S. dollar continues to find firmer footing," said Stephen...

  • Feb 20- A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank. The Federal Deposit Insurance Corp, which brought the suit in its capacity as receiver for Doral Bank, alleged that the rate rigging...

  • *China Enterprises index HSCE surges 1.4 pct. HONG KONG, Feb 21- Hong Kong's benchmark Hang Seng index rose by midday on Wednesday, tracking gains in Asian markets, and China's H-shares index also climbed. **Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.46 percent while Japan's Nikkei index eased 0.16 percent.

  • MEXICO CITY, Feb 20- Mexican broadcaster Televisa on Tuesday posted a quarterly net profit down 12.5 percent from a year ago, hurt by declines in advertising. Grupo Televisa, Mexico's leading broadcaster, reported net profit of 563 million pesos and net sales of 26.1 billion pesos during the fourth quarter to December. Like broadcasters internationally,...

  • SEOUL, Feb 21- A better deal for South Korea's cryptocurrency industry might be in the offing as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology. "The whole world is now framing the outline and therefore should rather work more on normalisation than increasing...

  • WELLINGTON/ SYDNEY, Feb 21- The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific's fastest-growing economies was released on Wednesday, signaling the pact was a step closer to reality even without its star member the United States. More than 20 provisions have been suspended or changed in the final text ahead of the...

  • HONG KONG, Feb 21- A HNA Group unit said it has pledged about 41 percent of the company as collateral for a loan from a Hong Kong private equity firm, part of a slew of fundraising efforts by the Chinese conglomerate to address a liquidity crunch. The fundraising comes on the heels of a deal to sell two Hong Kong land parcels to Henderson Land Development Co for $2...

  • *But ongoing OPEC- led output cuts provide crude with some support. West Texas Intermediate crude futures were at $61.32 a barrel at 0307 GMT, down 47 cents, or 0.8 percent, from their last settlement. Wang Tao, Reuters technical commodity analyst, said Brent could fall into a range of $63.92 to $64.41 per barrel, as suggested by its wave pattern and a projection...

  • *Chicago wheat falls for 3rd day, hits lowest since Feb. 6. SINGAPORE, Feb 21- Chicago wheat prices slid for a third session on Wednesday to mark a two-week low, pressured key exporting countries. The Chicago Board of Trade most-active wheat contract had fallen 0.6 percent to $4.46-1/ 2 a bushel by 0252 GMT, its weakest since Feb. 6.

  • TOKYO, Feb 21- Japanese shares led Asian markets higher after a weak start on Wednesday, with Japanese export focused companies attracting investors as the dollar gained against the yen thanks to U.S. MSCI's broadest index of Asia-Pacific shares outside Japan took early cues from overnight losses on Wall Street and lost 0.1 percent before rising 0.5 percent.

  • TOKYO, Feb 21- Japan plans to buy at least 20 additional F-35A stealth fighters over the next six years, some or all of which it may purchase directly from Lockheed Martin Corp in the United States rather than assemble locally, three sources said. The sources said buying complete aircraft from the United States, at about $100 million each, will save Japan about $30...