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Wires

  • PARIS, Oct 18- Europe's aviation regulator has advised aircraft manufacturers to suspend using parts from Kobe Steel until their legitimacy can be proved, following revelations about data cheating at the Japanese company. The European Aviation Safety Agency said the concern was not serious enough at this stage to warrant an airworthiness directive...

  • *Support level for gold seen at $1281/ oz- analyst. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said. Current Fed Chair Janet Yellen, whose term expires in February, is one of the five...

  • MELBOURNE, Oct 18- London copper on Wednesday eased from three-year highs hit earlier in the week, but was supported by solid demand-growth expectations, with markets looking to policy announcements from China's Communist Party Congress. "China's underlying demand for copper remains stable and solid," said Hong Kong- based broker Argonaut Securities.

  • *Regional airline warns that interim profit to fall. LONDON, Oct 18- British regional airline Flybe warned on Wednesday that first-half profit would be lower than expected, sending shares tumbling as higher maintenance costs compounded a tough airline market. "While half-year profits are lower than expected, I am confident that we are still on a clear...

  • WASHINGTON— A bipartisan Senate deal to curb the growth of health insurance premiums is reeling after President Donald Trump reversed course and opposed the agreement and top congressional Republicans and conservatives gave it a frosty reception. Lamar Alexander, a Tennessee Republican, and Patty Murray, a Democrat from Washington state, announced their...

  • WASHINGTON— The Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party's politically imperative drive to cut taxes and simplify the IRS code. Once the budget plan passes through the GOP- controlled Congress, the House and Senate can then advance a follow-up tax overhaul measure without fear of a filibuster by...

  • BEIJING, Oct 18- Assets held by China's centrally owned enterprises are expected to reach 55 trillion yuan in 2017, nearly doubling over the past five years, state-run China News Service reported on Wednesday, citing the state assets regulator. "Assets owned by central government companies have exceeded 53 trillion yuan by now," Hao Peng, party chief of the...

  • GLEN ELLEN, Calif.— Desperate to see if wildfires had damaged his farm, Marcos Morales gunned his four-wheel-drive station wagon along the hidden dirt roads that crisscross Sonoma County vineyards. The same fires that destroyed Northern California wineries and threatened to taint grapes still on the vine also took a toll on the region's marijuana farms, which...

  • AMSTERDAM, Oct 18- Dutch Akzo Nobel, which fended off a 26 billion euro takeover approach from PPG Industries in May, warned on Wednesday that operating profit would not grow this year, the second downgrade to its forecast in the past two months. In July the company had said it was on track to meet a goal of 100 million euros in EBIT growth it had promised as part of its...

  • LONDON, Oct 18- Italian bond yields fell to five-weeks lows on Wednesday, leading yields in the euro area down as investors looked to speeches by ECB officials for fresh insights on their thinking before next week's closely-anticipated central bank meeting. European Central Bank chief Mario Draghi, Chief Economist Peter Praet and Executive Board Member...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinforming the market- SEC.

  • THE HAGUE, Netherlands— Dutch paints and chemicals company AkzoNobel says its net profit fell by 24 percent in the third quarter to 216 million euros as higher raw material costs and unfavorable exchange rates canceled out a slight rise in revenue. Earlier this year, AkzoNobel rejected a string of unsolicited takeover bids from American rival PPG Industries,...

  • LONDON, Oct 18- The dollar edged higher on Wednesday, as markets awaited further news on the possible appointment of a hawk as Fed chair and progress on U.S. tax reforms. "The overnight news of progress in negotiations over the new U.S. tax plan seems to be dollar-positive but we have to see some strong economic data before the dollar breaks higher," said Jane Foley,...

  • TOKYO, Oct 18- Japan's Nikkei share average rose for a 12th consecutive day on Wednesday, getting a lift from hopes that this weekend's election will produce political stability and continuation of loose monetary policy. It means that something has changed, and that's corporate profits, "said Takashi Ito, equity market strategist at Nomura Securities.

  • SHANGHAI, Oct 18- China stocks firmed on Wednesday, with the blue-chip index closing at a 26- month high, as investors pinned hopes on a key leadership summit in Beijing promoting reforms to boost growth in the world's second-largest economy. Investors are keen for direction on economic and financial market reform over the next five years, though China's...

  • LONDON, Oct 18- Sterling edged lower ahead of British employment data due on Wednesday that will help determine whether the Bank the England will raise interest rates. The pound slid to a five-day low on Tuesday after comments by Bank of England policymakers were interpreted by markets as dovish, despite new September inflation data being in line with...

  • SEATTLE— Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas. And while Amazon is far from solely to blame- and while lawmakers, economists and many residents say the benefits clearly outweigh any drawbacks- life in its hometown is indeed one more endeavor the tech giant has disrupted. Amazon opened its...

  • KUALA LUMPUR, Malaysia— Malaysia Airlines outgoing CEO Peter Bellew said Wednesday he decided to return to Ryanair as a form of national service because the Irish budget airline needed his help. Bellew, who was previously Ryanair's director of flight operations, joined Malaysia Airlines in 2015 as its chief operating officer under a major revamp to help the...

  • BEIJING, Oct 18- China's central bank said global usage of the yuan will increase and its function as a reserve currency will gradually emerge. The People's Bank of China also said it will push forward with internalisation of the yuan and keep the yuan's position stable in the global monetary system, according to a report posted on its website on Tuesday.

  • BOSTON— Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they're brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons. The Associated Press talked to the leaders of more than 50 cities or metropolitan regions about the different ways they're showcasing...