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Wires

  • NEW YORK— Over a week after winter weather woes snowballed into a long weekend of dysfunction at New York's John F. Kennedy International Airport, some passengers are still waiting for their baggage. Consultant Robert Mann says airlines generally have a good record on luggage but aren't prepared for an unexpected backlog that happens fast.

  • HONG KONG— Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines. Wang Chungying, a spokeswoman for China's State Administration of Foreign Exchange, said Thursday that the supply and demand of foreign exchange "have shifted to a basic equilibrium"...

  • SINGAPORE, Jan 18- Alphabet Inc's Google, Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek's existing investors such as global private equity firms KKR& Co LP and Warburg Pincus LLC...

  • RIC= JPINTRQP Bank of Japan poll data. TOKYO, Jan 18- A majority of economists polled by Reuters believe the Bank of Japan will keep its long-term interest rate target unchanged this year, though 40 percent expect a hike, reflecting the mounting speculation as Japan's economy continues to strengthen. Around 40 percent predicted the BOJ would raise the target this...

  • NEW YORK— What's on the menu for Red Lobster's future? After years of sales declines, Red Lobster was sold by the parent of Olive Garden nearly four years ago to private equity firm Golden Gate Capital. Lopdrup talked with The Associated Press about new menu items, kitchen upgrades and Beyonce' s impact on the brand.

  • REUTERS POLL-ECONOMISTS SEE NORTH KOREA TENSIONS, CHINA'S ECONOMIC OUTLOOK POSING TOP RISK FACTORS FOR JAPAN.

  • REUTERS POLL-13 OF 36 ECONOMISTS SAID JAPAN GOVT COULD DECLARE VICTORY OVER DEFLATION BY END-2018.

  • REUTERS POLL-MAJORITY OF ECONOMISTS SEE BOJ KEEPING LONG-TERM INTEREST RATE TARGET UNCHANGED THIS YEAR, WHILE 40 PCT SEE INCREASE.

  • MANILA, Jan 18- The Philippines on Thursday launched 10- year U.S. dollar bonds, the Bureau of Treasury said, to help fund President Rodrigo Duterte's record budget this year. The bond deal has a new money component of $1 billion and bond swap of another $1 billion, the source said, declining to be identified because other details of the issue are not yet public.

  • SHANGHAI, Jan 18- China's yuan eased against the dollar on Thursday, after the central bank set lower guidance for the first time in six trading days in reaction to a firmer U.S. currency. The People's Bank of China recalibrated the template for daily yuan fixings last week to nullify a discretionary counter-cyclical factor it introduced into the formula last...

  • Jan 18- Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt U.S. nuclear plant maker Westinghouse Electric Co LLC in a deal that would add $3.7 billion to the Japanese owner's depleted capital base. Toshiba said in a statement that it would sell its claims against Westinghouse to a group of hedge funds led by the Baupost Group,...

  • *Threat of ban in South Korea has shaken cryptocurrency market. SEOUL/ HONG KONG, Jan 18- Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. China's shutdown of local exchanges in September, for instance,...

  • SEOUL, Jan 18- South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country's tough stance comes as policymakers from the United States to Germany struggle to come up...

  • *Fed impact on China capital flows weakening. BEIJING, Jan 18- China's foreign exchange regulator said on Thursday the yuan's recent appreciation is driven by the economy and a weaker dollar and that it expects two-way fluctuations in the currency to be the norm. State Administration of Foreign Exchange spokeswoman Wang Chunying also told reporters China's...

  • *Spot gold could fall to $1,311/ oz- Technicals. Jan 18- Gold slipped on Thursday to its lowest in nearly a week, as the U.S. dollar edged further away from three-year lows propped up by stronger-than-expected economic data from the United States. Better-than-expected industrial production numbers from the United States reversed the yellow metal's trend with...

  • *China's Q4 economic growth likely to slow amid debt, pollution battle. *HK-> Shanghai Connect daily quota used 10.6 pct, Shanghai-> HK daily quota used 25.3 pct. SHANGHAI, Jan 18- Hong Kong stocks extended gains to a record high, with a rally on Wall Street supporting bullish investor sentiment, and the bourse aided by gains in financial firms.

  • MANILA, Jan 18- The Philippines on Thursday launched a 10- year US dollar denominated global bond issue, the Bureau of Treasury said in a notice on its website.

  • *All 17 economists saw BOK to keep rates unchanged on Jan 18. SEOUL, Jan 18- South Korea's central bank kept interest rates unchanged on Thursday, as expected, and upgraded its 2018 growth forecast but flagged concerns about economic uncertainties and soft inflation, which remain hurdles to policy tightening this year. The Bank of Korea's monetary policy board...

  • *Dec new home prices +0.4 pct m/m vs +0.3 pct in Nov. BEIJING, Jan 18- China's housing market picked up slightly in December as mild declines in bigger metropolises stabilized and smaller cities gained some momentum, but price growth more than halved in 2017 as government curbs on speculation took effect. Average new home prices in China's 70 major cities rose 0.4...

  • KUALA LUMPUR, Jan 18- Malaysia on Thursday criticized the European Union for backing a ban on the use of palm oil in biofuels, calling the move a protectionist trade barrier and a form of "crop apartheid." Malaysia is the world's second-biggest palm oil producer after Indonesia, and the two countries together account for nearly 90 percent of global output.