×

Wires

  • WASHINGTON, Dec 18- Boeing Co and Bombardier Inc traded barbs on Monday over the U.S. planemaker's claim that its Canadian rival benefited from billions of dollars in illegal government subsidies and dumped its newest jetliner in the United States at below cost. At a contentious hearing of the U.S. International Trade Commission, Boeing accused Bombardier of...

  • Dec 18- Pension fund giant CalPERS said on Monday that it would increase its allocation of fixed income to 28 percent from 20 percent in order to reduce risks in its $346 billion portfolio. Henry Jones, chair of CalPERS Investment Committee, said in a statement on Monday that "this portfolio represents our best option for success while protecting our investments...

  • BRASILIA, Dec 18- A Supreme Court justice on Monday approved an agreement to compensate bank depositors for losses caused by government policies several decades ago, settling more than a million legal disputes that have hung over Brazil's banking system since the 1980 s. Around 60 percent of the depositors covered by the agreement are owed up to 5,000 reais,...

  • HOUSTON, Dec 18- An activist investor in Chevron Corp said on Monday it filed a shareholder resolution that would require the oil producer to report on the feasibility of ending operations in Myanmar, where a crackdown on minority Rohingya Muslims has been decried by the United States as "ethnic cleansing." More than 600,000 Rohingya Muslims have fled to...

  • Vice President Mike Pence is postponing his trip to Egypt and Israel this week in order to stay in Washington for a congressional vote on President Donald Trump's tax overhaul plan, White House officials said on Monday. Pence was to have spent three days in the region with stops in Cairo and Jerusalem, the first high-level official to visit after Trump reversed...

  • LAUNCESTON, Australia, Dec 18- Moribund global demand growth and volatile pricing are what coal producers face in the next five years, with not even some bright spots in Asia able to outweigh a bleak outlook for Europe and the United States, and lower consumption in top user China. Top consumer China is expected to drop 0.1 percent a year to 2,787 mtce by 2022, while...

  • SANTIAGO, Dec 18- Chilean development agency Corfo and Pampa Calichera, which controls lithium giant SQM, have agreed to suspend their arbitration battle for 30 days as they make a new push to solve a dispute over mining claims, Corfo said on Monday. If the negotiations are successful, Chile would be able to expand its lithium production "significantly," Corfo said...

  • Dec 18- Regulators in Massachusetts and New York State said on Monday they are probing MetLife Inc after the insurer revealed last week it had failed to pay pensions to potentially thousands of people. "Retirees cannot afford to have glitches with their pension checks," Massachusetts Secretary of the Commonwealth William Galvin, the state's top securities...

  • DAKAR, Dec 18- Senegal's GDP growth is expected to exceed 6 percent in 2017 for the third year in a row, the International Monetary Fund said in a statement on Monday. The economy of the West African country is mainly driven by services, tourism and agriculture. Senegal issued $500 million in 10- year Eurobonds in 2014 at an interest rate of about 6 percent.

  • SANTIAGO, Dec 18- Chilean development agency Corfo and Pampa Calichera, which controls lithium giant SQM, have agreed to suspend their arbitration battle for 30 days as they make a new push to solve a dispute over mining claims, Cofro said on Monday. If the negotiations are successful, Chile would be able to expand its lithium production "significantly," Cofro said...

  • SENEGAL'S GDP GROWTH EXPECTED TO EXCEED 6 PCT IN 2017 FOR THIRD YEAR IN ROW- INTERNATIONAL MONETARY FUND.

  • WASHINGTON— President Donald Trump isn't waiting for the facts to emerge from the deadly Amtrak train derailment south of Seattle before using the accident to plug his infrastructure plan. Trump's first tweet on the accident Monday that killed at least six people and seriously injured a dozen more when the train tumbled off an overpass: "The train accident...

  • As the Republicans' self-imposed Friday voting deadline loomed, Senators Susan Collins and Mike Lee each said they had decided to back the legislation hammered out last week among Republicans from the Senate and House of Representatives. "The first major overhaul of our tax code since 1986, this legislation will provide tax relief to working families,...

  • BUENOS AIRES, Dec 18- Argentina's Congress was on track to pass a pension reform measure on Monday, even as stone-throwing protesters rushed police outside the capitol building and the country's main union called a 24- hour general strike against the proposal. President Mauricio Macri, elected in 2015 with a mandate to lift the heavy-handed currency controls...

  • PENCE TO RESCHEDULE TRIP FOR THE WEEK OF JANUARY 14, MAY ADD ADDITIONAL STOPS IN THE REGION- WHITE HOUSE OFFICIALS.

  • TAX VOTE IS STILL IN "VERY GOOD SHAPE, BUT WE DIDN'T WANT TO TAKE ANY CHANCES"- WHITE HOUSE OFFICIAL.

  • VICE PRESIDENT PENCE POSTPONES TRIP TO ISRAEL, EGYPT IN ORDER TO STAY IN WASHINGTON FOR VOTE ON TAX OVERHAUL- WHITE HOUSE OFFICIALS.

  • Vice President Mike Pence is postponing his trip to Egypt and Israel this week in order to stay in Washington for a congressional vote on President Donald Trump's tax overhaul plan, White House officials said on Monday. Pence was to have departed on Tuesday night for Cairo. "The tax vote is still in very good shape, but we don't want to take any chances," a White House...

  • SOCHI, Russia, Dec 18- A global deal to cut oil production could be extended beyond 2018, Pavel Fedorov, first vice-president of Russia's largest oil producer Rosneft said on Monday, presenting the company's strategy through to 2022.. The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia agreed last month to extend...

  • FREEHOLD, N.J.— A former contestant on ABC's "Shark Tank" is facing charges that he belonged to a New Jersey cocaine-distribution ring. The Monmouth County prosecutor said Monday that the group distributed cocaine in the Freehold area. "His company, which sells paint brush covers, attracted a $200,000 investment from" Shark Tank "personality Lori Greiner.