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Wires

  • WASHINGTON, Jan 18- The U.S. government and MetLife Inc announced on Thursday they would jointly seek to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system. The move marks another significant shift for the administration of President Donald Trump in its efforts to ease back stricter rules...

  • BRUSSELS, Jan 19- Social media companies Facebook, Twitter and Google's YouTube have greatly accelerated their removals of online hate speech, reviewing over two thirds of complaints within 24 hours, new EU figures show. The companies managed to meet that target in 81 percent of cases, EU figures seen by Reuters show, compared with 51 percent in May 2017 when the...

  • BEIJING, Jan 19- China's economy grew 6.8 percent in the fourth quarter, unchanged from the pace in the third quarter, according to the National Bureau of Statistics on Thursday. Following is a table of NBS data published on Friday showing a breakdown of fourth-quarter gross domestic product by major sector, with year-on-year growth rates for each. 4 Q2017 3 Q2017...

  • TOKYO, Jan 19- Japan's Nikkei share average edged up on Friday morning with financial stocks leading the gains after U.S. yields rose, while GMO Internet soared after an activist fund called on the company to abolish its takeover defenses and reduce the power of its founder. Shares of internet and cryptocurrency firm GMO Internet Inc climbed as much as 4.5...

  • Jan 18- Ajit Jain, who was recently appointed a vice chairman of Warren Buffett's Berkshire Hathaway Inc, on Thursday reported ownership of roughly $109 million of the conglomerate's stock. Jain directly owns $21.7 million of Berkshire stock, and indirectly owns $87.5 million of Berkshire stock held by his wife, a family non-profit foundation and two family...

  • WASHINGTON, Jan 18- Legislation to avoid a U.S. government shutdown at midnight on Friday advanced in Congress, as the House of Representatives on Thursday night approved an extension of federal funds through Feb. 16, although the bill faced uncertain prospects in the Senate. On a mostly partisan vote of 230-197, the Republican-controlled House approved the...

  • MANILA, Jan 19- The Philippines, one of Asia's active issuers of sovereign debt, has sold $2 billion worth of 10- year U.S. dollar bonds in a deal that attracted strong investor demand, Finance Secretary Carlos Dominguez said on Friday. "The strong support that this 10- year global bond float has received in the international capital markets is a testament to the...

  • SHANGHAI, Jan 19- China's central bank set its official yuan midpoint at a more than two-year high on Friday at 6.4169 per dollar, underpinned by gains in the spot yuan a day earlier and broad dollar weakness in global markets overnight. China's yuan reversed earlier losses and ended at its strongest in more than two years at the official domestic close on...

  • *Spot gold was up 0.1 percent at $1,328.98 an ounce by 0111 GMT. Gold on Thursday touched its weakest level since Jan. 12 at $1,323.70 on Thursday, having fallen from recent four-month highs. midnight on Friday advanced in Congress, as the House of Representatives on Thursday night approved an extension of federal funds through Feb. 16, although the bill faced...

  • SINGAPORE, Jan 19- Oil prices fell on Friday on a bounce-back in U.S. production, but ongoing declines in crude inventories curbed losses in the market. Brent crude futures were at $68.78 at 0128 GMT, down 53 cents, or 0.8 percent, from their last close. U.S. crude oil production stood at 9.75 million barrels per day on Jan. 12, data from the Energy Information...

  • TOKYO, Jan 19- The U.S. dollar was lodged near a three-year low against a basket of currencies on Friday with fears over a possible U.S. government shutdown adding to its underlying woes stemming from its eroding yield advantage. The U.S. House of Representatives on Thursday passed a bill to fund government operations through Feb. 16 and avoid agency shutdowns...

  • WASHINGTON, Jan 18- Government agencies were warning U.S. employees on Thursday of a possible federal shutdown at midnight on Friday, as the Republican-controlled Congress and the White House scrambled to pass legislation to keep the lights on in Washington. President Donald Trump, answering reporters' questions at the Pentagon, said on Thursday the U.S....

  • Jan 18- President Donald Trump and Republican leaders in Congress are racing to meet a midnight Friday deadline to pass a short-term spending bill to keep the U.S. government open and prevent agencies from shutting down. After previous government shutdowns, Congress passed measures to ensure that essential and nonessential employees received retroactive...

  • WASHINGTON, Jan 18- Legislation to avoid a U.S. government shutdown at midnight on Friday advanced in Congress, as the House of Representatives on Thursday night approved an extension of federal funds through Feb. 16, although the bill faced uncertain prospects in the Senate. On a mostly partisan vote of 230-197, the Republican-controlled House approved the...

  • LONDON, Jan 18- After the party must come the hangover. Copper went on an 11- day binge of consecutive highs as London Metal Exchange three-month metal powered through the $7,000 a tonne barrier to a four-year peak of $7,312.50 on Dec. 28. It's now back below $7,100, with another New Year just around the corner.

  • However, IBM forecast an operating profit of at least $13.80 per share for 2018, compared with $13.80 in 2017 and market expectations of $13.92, according to Thomson Reuters I/B/E/S. "According to Street expectations, we're already very low for earnings,... but still, you would have liked to have seen, with the little better revenue trajectory and some positive...

  • *Asia stocks stretch gains but stalling Wall St caps rise. TOKYO, Jan 19- Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent.

  • Federal Reserve should raise interest rates three to four times in both 2018 and 2019, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday, a pace that is a bit faster than many of her fellow policymakers prefer. Fueled both by consumer and business spending, the economy should grow at about a 2.5 percent pace this year, though the recently...

  • SHANGHAI, Jan 19- Births in mainland China fell by 3.5 percent to 17.23 million last year, the China Daily reported on Friday, citing figures from the country's statistics bureau. According to figures published by the China Association of Social Security last year, China's elderly population is expected to reach 400 million by the end of 2035, up from around 240...

  • Jan 18- Morgan Stanley raised key profitability and efficiency targets on Thursday, but those loftier goals failed to impress Wall Street analysts, who repeatedly asked Chief Executive Officer James Gorman why the bank could not do even better. During his eight years as CEO, Gorman, 59, has been working to transform Morgan Stanley from a Wall Street firm whose...