×

Wires

  • SINGAPORE, Dec 14- Oil prices rose on Thursday, lifted by a fourth straight weekly fall in U.S. crude inventories, though rising output capped prices well below the 2015 highs reached earlier this week. West Texas Intermediate crude futures were at $56.81 a barrel at 0123 GMT, up 21 cents, or 0.4 percent, from their last settlement. "A decline in the open interest on the...

  • SHANGHAI, Dec 14- China's central bank set its official yuan midpoint at the highest level in over two weeks at 6.6033 per dollar on Thursday, supported by broad dollar weakness after an anticipated U.S. Federal Reserve interest rate hike. The move in the official midpoint was also the biggest one-day strengthening in percentage terms since Nov. 23.

  • CARACAS, Venezuela— Venezuela's cash-strapped government has quickly settled a lawsuit filed by a state-run Chinese company, making good on an unpaid bill and appeasing an important ally that holds billions in the South American country's debt. The dispute arose at a time when Venezuela is trying to renegotiate billions of dollars in foreign debt amid...

  • *Spot gold was up 0.15 percent at $1,257.11 an ounce as of 0123 GMT, after rising nearly 1 percent in the previous session. *The European Central Bank is likely to bump up some of its economic forecasts on Thursday and may debate tweaking its pledge to keep money at its current, ultra-easy level, but will ultimately reaffirm is policy stance. Deputy Attorney General...

  • *Spot gold was up 0.15 percent at $1,257.11 an ounce as of 0123 GMT, after rising nearly 1 percent in the previous session. *The European Central Bank is likely to bump up some of its economic forecasts on Thursday and may debate tweaking its pledge to keep money at its current, ultra-easy level, but will ultimately reaffirm is policy stance. Deputy Attorney General...

  • *Spot gold was up 0.15 percent at $1,257.11 an ounce as of 0123 GMT, after rising nearly 1 percent in the previous session. *The European Central Bank is likely to bump up some of its economic forecasts on Thursday and may debate tweaking its pledge to keep money at its current, ultra-easy level, but will ultimately reaffirm is policy stance. Deputy Attorney General...

  • *Spot gold was up 0.15 percent at $1,257.11 an ounce as of 0123 GMT, after rising nearly 1 percent in the previous session. *The European Central Bank is likely to bump up some of its economic forecasts on Thursday and may debate tweaking its pledge to keep money at its current, ultra-easy level, but will ultimately reaffirm is policy stance. Deputy Attorney General...

  • SAN FRANCISCO, Dec 13- Apple Inc's $390 million deal with chip supplier Finisar Corp announced on Wednesday helps lock in the supply of a component that Apple believes will play a big role in its future products by bolstering augmented reality features. The investment will enable Apple to "get better supply and better pricing, and it makes it more difficult for...

  • NEW YORK— "Net neutrality" regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. The FCC in 2015 approved rules, on a party-line vote, that made sure cable and phone companies don't manipulate traffic. The net neutrality rules gave the FCC power to...

  • *MSCI Asia-Pacific index up 0.3 pct, Nikkei up 0.1 pct. TOKYO, Dec 14- Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields. "The key takeaway from the Fed meeting was the...

  • *Fed raises rates, leaves rate outlook unchanged. SINGAPORE, Dec 14- The dollar nursed its losses in early Asian trade on Thursday, having tumbled after the Federal Reserve raised interest rates in a widely expected move, but left its rate outlook for the coming years unchanged. Some market participants had been speculating that the Fed could raise its interest...

  • Initial versions of the tax bill passed by the U.S. House of Representatives and Senate proposed taxing U.S. companies on foreign earnings. Puerto Rico- an American territory whose 3.4 million residents are American citizens- is considered a foreign jurisdiction for tax purposes. Failing to grant an exemption would fly in the face of recommendations made by a...

  • Dec 13- Republicans in the U.S. Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. The following are known provisions on which House of Representatives and Senate tax writers have agreed, based on conversations with aides...

  • Dec 13- Republicans in the U.S. Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. The following are known provisions on which House of Representatives and Senate tax writers have agreed, based on conversations with aides...

  • Dec 13- Republicans in the U.S. Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. The following are known provisions on which House of Representatives and Senate tax writers have agreed, based on conversations with aides...

  • TOKYO, Dec 14- Japan's government is expected to cut new bond issuance for fiscal 2018 from the previous year thanks to economic recovery pushing up tax revenues, the Nikkei newspaper reported on Thursday. That would be the eighth straight year of declines in new bond issuance, offering some relief for premier Shinzo Abe's administration that seeks to balance...

  • debt@ NEW YORK, Dec 13- When the U.S. That is because annual percentage rates on credit cards are currently averaging over 16 percent, and outstanding credit card debt is about to hit $1 trillion, said Jill Gonzalez, senior analyst for Wallethub.com, a personal finance site. The average U.S. household has about $8,100 in credit card debt, which can cost a consumer over...

  • The measure by Appropriations Committee Chairman Rodney Frelinghuysen could face a House vote next week, though there is pressure from Republicans from hurricane-hit states such as Florida and Texas to add tens of billions of dollars of storm relief. New Jersey Republican Frelinghuysen's bill contains a GOP- drafted five-year extension of a popular...

  • NEW YORK, Dec 13- Lawyers for a Turkish banker on trial in New York on charges that he helped Iran evade U.S. sanctions asked a judge on Wednesday to declare a mistrial, saying testimony by a former Turkish police investigator should not have been allowed in court. The lawyers for Mehmet Hakan Atilla, an executive at Turkey's majority state-owned Halkbank, said the...

  • WASHINGTON, Dec 13- Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. Under an agreement between the House of Representatives and the Senate, the corporate tax would be 1 percentage...