×

Wires

  • YENAGOA, Nigeria, Jan 17- Nigerian militant group Niger Delta Avengers said on Wednesday it will launch attacks on the country's oil sector in the next few days. "This round of attacks will be the most deadly and will be targeting the deep sea operations of the multinationals," it said in a statement on its website. In November, the group, which attacked oil facilities...

  • LONDON, Jan 17- The British government needs to allow more time for firms to take on workers whose jobs are threatened by the collapse of outsourcer Carillion, the head of one of Britain's biggest trade unions said on Wednesday. The head of Britain's GMB union, who met with business minister Greg Clark on Tuesday, said the government needed to allow more time for the...

  • JOHANNESBURG, Jan 17- South Africa's companies registry office is pursuing criminal complaints against SAP, KPMG and McKinsey on suspicion that business they conducted with friends of President Jacob Zuma broke the companies act, it said on Wednesday. The Companies and Intellectual Property Commission submitted the complaints to South African police in...

  • HUNTSVILLE, Ala. _ Adtran Inc. on Tuesday reported a fourth-quarter loss of $11.1 million, after reporting a profit in the same period a year earlier. The Huntsville, Alabama- based company said it had a loss of 23 cents per share. Adtran shares have risen nearly 1 percent since the beginning of the year.

  • Stracar, has been chief executive of GE Central and Eastern Europe since 2013, succeeds Mark Hutchinson, who the company said was retiring from GE as of Jan. 1. Europe is the company's largest market outside the United States and currently employs over 92,000 employees at over 900 locations across the region, generating revenues of more than $20 billion.

  • *Resource shares lead losses in Asia as oil dips. LONDON, Jan 17- World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets. European bourses opened lower, mirroring moves in Asia and Wall Street...

  • PARIS— French authorities are searching five sites run by dairy giant Lactalis in an investigation into the botched mass recall of baby milk products after a salmonella scare. The Paris prosecutor's office said sites being searched Wednesday include Lactalis headquarters in Laval in western France and the factory in Craon, where salmonella bacteria was...

  • FRANKFURT, Jan 17- Volkswagen reported a 4.3 percent rise in 2017 sales to 10.7 million vehicles, staying ahead of Toyota in the race to keep the title of world's biggest carmaker although Renault-Nissan has forecast it would go top. Last year's sales by the German firm, which is still dealing with fallout from a scandal over rigged diesel emissions tests, were its...

  • LONDON, Jan 17- Sterling edged lower against the dollar on Wednesday after a rally as traders took profits and awaited the latest developments in negotiations over Britain's departure from the European Union. The pound has in recent days reached its highest levels since the vote to leave the European Union in June 2016, with the better-than-expected economic...

  • VIENNA, Jan 17- The euro's recent strength against the U.S. dollar is' not helpful', European Central Bank policymaker Ewald Nowotny said on Wednesday when asked about the currency's recent gains. Speaking to reporters in Vienna, Nowotny added that the ECB had no exchange rate target so it would monitor the developments. The euro has gained 4 percent against the...

  • *FTSE 100 down 0.3 pct. LONDON, Jan 17- UK shares edged down on Wednesday with a flurry of corporate news triggering sharp moves, such as for Interserve after the Financial Times reported the UK government was monitoring the contractor in light of the collapse of competitor Carillion. "Following better than expected sales for the December quarter from Richemont...

  • *U.S. retailers cautious on ordering books. LONDON, Jan 17- Pearson said it had seen no let up in the pressures weighing on its North American business as retail partners turned increasingly cautious when ordering books, sending its shares down more than 6 percent. Its shares fell 6.5 percent by 0905 GMT.

  • RIYADH, Saudi Arabia— Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse." For nearly three years, a Saudi-led coalition backed by the United States has been carrying out...

  • GENEVA— The World Economic Forum says a new survey found more than nine in 10 experts are expressing concerns about worsening economic or political confrontation between world powers, as "charismatic strongman politics" increasingly affects geopolitics. The WEF, perhaps best known as the organizer of the annual Davos conference that convenes next week,...

  • PARIS, Jan 17- Former EU lawmaker Sylvie Goulard is set to be named deputy governor of the French central bank on Wednesday, two sources said, putting her in the frontline of European Central Bank policymaking. Goulard, 53, was a member of the European Parliament from 2009 until French President Emmanuel Macron named her defense minister following his 2017...

  • LONDON, Jan 17- The U.S. Department of Justice has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said. Robert Bogucki, the former head of foreign exchange trading in New York for the British bank, is alleged to have manipulated forex options before a large trade by computer and software...

  • SHANGHAI— An Apple Inc. supplier in eastern China has denied allegations by a New York rights group that its workers toil for ten-hour shifts in loud, polluted conditions, without proper overtime pay or adequate safety protections to make MacBook and iPhone parts, before returning to filthy dormitories with cold showers. Catcher Technology Co. Ltd., which...

  • LONDON— Burberry shares are down over 6 percent in early trading after the luxury fashion house reported disappointing retail sales for the holiday season. That "looks a bit drab" compared with the 7 percent growth reported Tuesday by rival Hugo Boss, according to London- based stockbroker Hargreaves Lansdown. Steve Clayton, an analyst at Hargreaves Landsown,...

  • FRANKFURT, Jan 17- The European Central Bank's President Mario Draghi should give up his membership of the Group of 30 talking shop of financiers, as it risked hurting public confidence in the ECB's independence, the European Union's ombudsman said on Wednesday. At present its members include Draghi, Bank of England Governor Mark Carney and People's Bank of...

  • *Survey comes a week before Trump heads to Davos. BERLIN, Jan 17- The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum days before its annual gathering in Davos. President Donald Trump and North Korean leader Kim Jong Un that has...