×

Wires

  • MUMBAI, Sept 22- India's central bank on Friday eased rules governing foreign investment in corporate bonds by excluding rupee-denominated securities from its overall debt limit. Access to the corporate bonds by foreign investors will be phased in over the next two quarters-- 270 billion rupees during October-December and 170 billion rupees in...

  • TORONTO, Sept 22- Canada's main stock index was flat on Friday but on track for a 1.9 percent gain on the week as financial stocks pushed higher and a bid for bullion on rising tension between North Korea and the United States boosted gold miners. Gold prices recovered from a four-week low on a bid for safety as North Korea said it might test a hydrogen bomb over the...

  • ANKARA, Turkey— Organizers have stripped Miss Turkey 2017 of her crown over a social media posting that was deemed insulting to the memory of the 250 people killed while opposing last year's failed military coup. Miss Turkey organizers said the 18- year-old Itir Esen was dethroned on Friday— a day after she won the contest and the right to represent Turkey at the...

  • WASHINGTON, Sept 22- SolarCity has agreed to $29.5 million to settle U.S. allegations that it had violated federal law "by submitting inflated claims" to the federal government, the U.S. Justice Department said in a statement on Friday.

  • PARIS/ MUNICH, Sept 22- France has nothing against a potential tie-up between German engineering group Siemens and Alstom if the deal does not bring job cuts, the French government's spokesman said on Friday. "It is important that we can strengthen our industrial sectors... in partnership with Germany," government spokesman Christophe Castaner told journalists...

  • *OPEC- led supply pact due to expire in March. OPEC and its allies have been considering extending the deal beyond the end of March. Russian Energy Minister Alexander Novak said OPEC and other oil producers would not take a decision until January, while other ministers suggested a decision could come this year.

  • LONDON, Sept 22- Pladis, the Turkish company that owns Godiva chocolate and McVitie's biscuits, is considering making an offer for Nestle's U.S. confectionery assets, which could be valued at around $2 billion, as part of its international expansion plans. "We are looking at Nestle's confectionery assets in the U.S.," Chief Executive Cem Karakas told Reuters.

  • MOSCOW, Sept 22- Russia's car market could grow by up to 12 percent this year, recovering faster than previously expected thanks to the improving economy, the head of Kia Motors' Russian business told Reuters on Friday. Russia's once-booming auto market became one of the most high-profile victims of a steep economic downturn in the last two years, with sales...

  • Arkansas board votes to bar dicamba use after April 15, 2018. CHICAGO, Sept 21- Arkansas on Thursday moved just one step away from barring sprayings next summer of an herbicide linked to widespread U.S. crop damage, setting the stage for a potential legal showdown between the state and chemical maker Monsanto Co.. In July, Arkansas banned dicamba use for 120 days.

  • Sept 22- Uber faces having to withdraw ride hailing services in London, its busiest European market, after local regulator Transport for London pulled the company's licence for private hire cabs on Friday, a move Uber said it planned to appeal. UberPOP remains available in a handful of cities in the Czech Republic, Estonia, Norway, Poland and Switzerland.

  • LONDON/ SINGAPORE, Sept 22- Asian spot LNG prices rose this week, buoyed by the outcome of a two-cargo sale tender from Russia's Sakhalin II export plant as well as a purchase by Japan and demand from India. Spot prices for November delivery rose about 15 cents to $7.60 per million British thermal units. Russia's Gazprom sold one of two mid-November loading cargos...

  • *North Korea rhetoric drives demand for gold. Sept 22- U.S. stocks were little changed on Friday as fresh concerns over tensions between North Korea and the United States weighed on the mood of investors. Trump also put more economic pressure on North Korea by ordering additional sanctions, including on its shipping and trade networks but stopped short of going...

  • VIENNA, Sept 22- OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output curbs beyond the first quarter of 2018, ministers said on Friday. OPEC and its allies have been considering extending the deal beyond the end of March when it is due to expire.

  • NEW YORK— J.C. Penney says it plans to hire more than 40,000 people during the holiday season, the same number as last year. Macy's, which has about 830 stores, says it expects to hire 80,000 people this year, down 4 percent from a year ago. J.C. Penney Co. says it will hold a nationwide job fair in its roughly 875 stores on Oct. 17.

  • JOHANNESBURG, Sept 22- South Africa's main opposition said on Friday it would review all contracts with KPMG in the municipalities it runs after a scandal involving the auditor's handling of audits for businessman friends of President Jacob Zuma.

  • WASHINGTON, Sept 22- The Trump administration is preparing to replace its controversial travel ban with a new order tailored on a country-by-country basis but affecting slightly more than the six nations now targeted, the Wall Street Journal said on Friday. The Department of Homeland Security's plan would replace U.S. The March 6 order suspended travel for...

  • WASHINGTON, Sept 22- Seeking to bolster its case for tougher rules of origin in the North American Free Trade Agreement, the Trump administration released a new study on Friday that shows U.S. value-added content is declining for manufactured goods imported from Mexico and Canada. Commerce Secretary Wilbur Ross has frequently criticized NAFTA's rules of...

  • OTTAWA, Sept 22- Canadian retail sales volumes declined in July, pointing to a slower pace of growth at the start of the third quarter, though a pick-up in inflation in August still left the central bank with room to raise interest rates again. A moderation in growth heading into the third quarter is expected after a strong first half of the year made Canada a Group of...

  • MILAN, Sept 22- Italy's Tod's will press ahead without a chief designer, Group' Chairman Diego Della Valle said on Friday after its Spring Summer 2018 catwalk show in Milan. Today it is about many projects, limited edition collections... style is in movement, " Della Valle told reporters. Its "Italian Dream collection" showcased in the elegant frame of Milan's Modern Art...

  • *Canadian dollar at C $1.2310, or 81.23 U.S. cents. TORONTO, Sept 22- The Canadian dollar pared some gains against its U.S. counterpart on Friday after domestic data indicated the country's central bank does not have to raise rates rapidly. Canada's annual inflation rate rose to 1.4 percent last month from 1.2 percent in July.