×

Wires

  • HELSINKI— Norway's sovereign wealth fund, the world's largest of its kind, has hit a milestone value of $1 trillion, beating all expectations since its creation over 20 years ago. Fund manager Norges Bank Investment Management said the value was recorded early Tuesday. Norway first deposited oil and gas profits into the fund in 1996 and CEO Yngve Slyngstad said...

  • LUSAKA, Sept 19- Zambia will resume talks with the International Monetary Fund on an aid programme in October and hopes to get IMF board approval by the end of the year, one of ist finance officials said on Tuesday. The IMF said in June it may grant Zambia up to $1.3 billion in a three-year credit facility to help plug a budget deficit of around 7 percent.

  • LUSAKA, Sept 19- Zambia will resume talks with the International Monetary Fund on an aid program in October and hopes to get IMF board approval by the end of the year, one of ist finance officials said on Tuesday. The IMF said in June it may grant Zambia up to $1.3 billion in a three-year credit facility to help plug a budget deficit of around 7 percent.

  • SAN FRANCISCO, Sept 19- A 40- foot electric bus from Proterra Inc traveled 1,101.2 miles at low speed without recharging, cruising to a new electric vehicle range record, the California manufacturer said on Tuesday. A typical Proterra bus costs around $750,000 compared with roughly $500,000 for a typical diesel bus, chief commercial officer Matt Horton said in...

  • This is a higher growth rate than China's imports of crude oil, which are up 12.2 percent, or coal, or even iron ore. Shanghai benchmark futures ended at 15,345 yuan a tonne on Monday, down 15.5 percent from the end of last year. The main Japanese rubber contract finished at 221.2 yen a kilogram on Sept. 15, a drop of 16.2 percent from the end of last year.

  • LJUBLJANA, Sept 19- U.S. investment fund Apollo Global Management was one of two bidders for a 55 percent stake in Slovenia's Gorenjska Banka and is now considering making a higher offer, a newspaper reported on Tuesday. Apollo and the other bidder, Serbia's AIK bank, have both been asked to improve their bids after Apollo offered 235 euros a share for the stake,...

  • LISBON, Portugal— Portugal's telecom regulator has blocked an attempt by international operator Altice to buy control of local company Media Capital, saying it could create "significant obstacles" to competition. Netherlands- based Altice N.V., through its Portuguese telecoms company MEO, agreed in July to pay Spain's Prisa 440 million euros for its 94.7...

  • Sept 19- Florida utilities said on Tuesday they restored power to about 98 percent of the 7.8 million homes and businesses knocked out by Hurricane Irma, leaving some 195,000 customers still without electricity. Outages at Duke Energy Corp, which serves the northern and central parts of Florida, fell to about 57,000 from a peak of around 1.3 million on Sept. 11.

  • *Some rate-setters fear euro above $1.20. FRANKFURT, Sept 19- European Central Bank policymakers disagree on whether to set a definitive end-date for their money-printing program when they meet in October, raising the chance that they will keep open at least the option of prolonging it again, six sources told Reuters. The split is between' hawks'-- led by richer,...

  • FRANKFURT, Sept 19- The pioneer of mobile app analytics, App Annie, on Tuesday said it has begun tracking Android app usage in China, a landmark for understanding consumer behavior in the world's top smartphone market, which increasingly sets the pace for global trends. App Annie said it was now able to offer real-time statistics on mobile application usage in...

  • BEIJING, Sept 19- China's central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television on Tuesday quoted the central bank as saying. Mortgage lending rates that are 5 percent to 10 percent higher than the benchmark lending rate have become "a mainstream phenomenon" in...

  • MENOMEE FALLS, Wis.— Kohl's, which is opening some in-store Amazon shops, says it will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago starting next month. While the service will allow Kohl's customers to skip their local post office for Amazon returns, it also gets them into Kohl's stores— where they might then shop.

  • Sept 19- U.S. investment bank Jefferies Group LLC's third-quarter profit more than doubled from a year ago, as it earned more from advising on debt and equity financing as well as mergers and acquisitions. Jefferies said on Tuesday net income attributable to the company rose to $83.8 million in the quarter ended Aug. 31, compared with $41.2 million, a year earlier.

  • *Investors will also listen closely to Fed Chair Janet Yellen's views on inflation, which has been posing a persistent concern for policymakers as it remains stuck below the Fed's 2- percent target rate. President Donald Trump's speech at the United Nations General Assembly where he is expected to urge U.N. member states to increase pressure on North Korea to...

  • FRANKFURT, Sept 19- Pioneer and digital mapping group HERE said on Tuesday they had agreed to invest in one another so the companies can develop maps for autonomous driving services. The deal also allows Berlin- based HERE to offer maps of Japan to its customers. The Tokyo- based company is also developing low-cost 3 D laser cameras, known as LiDAR, that are vital for...

  • PARIS, Sept 19- Nokia's plan to cut almost 600 jobs in France is suspended until Oct. 2, French junior economy minister Benjamin Griveaux said on Tuesday after meeting the head of the Finnish telecom equipment maker's French unit. Griveaux will meet with unions and company management on Oct. 2 to check whether Nokia is following on an earlier pledge to increase...

  • Sept 19- Department store operator Kohl's Corp said on Tuesday that select merchandise bought from Amazon.com Inc can be returned at 82 Kohl's stores in Los Angeles and Chicago, starting October. The move follows Kohl's announcement earlier this month that it would sell Amazon's devices, including the voice-controlled speaker Echo, at 10 of its stores in Los...

  • FRANKFURT, Sept 19- European Central Bank policymakers disagree on whether to set a definitive end-date for their money-printing program when they meet in October, raising the chance that they will keep open at least the option of prolonging it again, six sources told Reuters. A stubbornly strong euro, with its dampening effect on inflation, is driving a rift...

  • CONCERN OVER EURO STRENGTH IS LEADING TO UNCERTAINTY AND DIVIDE WITHIN ECB COUNCIL- SOURCES.

  • SOME ELEMENTS OF ECB DECISION COULD BE PUT OFF UNTIL DEC - SOURCES.