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Wires

  • TOKYO, Jan 16- Japan's top business lobby on Tuesday called on companies to raise wages by 3 percent during annual salary negotiations with unions this spring, a boost to the government's efforts to encourage inflation. Prime Minister Shinzo Abe has been pushing Japanese companies to raise wages by 3 percent or more to support consumer spending.

  • LONDON— U.K. leaders are discussing the fallout from the collapse of construction and outsourcing firm Carillion amid criticism of the government's role in its downfall. The government's emergency planning committee, Cobra, met Monday night to assess the damage and ensure the delivery of public services provided by the company. Carillion had 450 government...

  • LONDON— Official figures show consumer price inflation in Britain dipping for the first time since June partly because of a fall in the price of games and toys in the run-up to Christmas. The Office for National Statistics said Tuesday that the annual inflation rate fell to 3 percent in December from 3.1 percent the previous month. Inflation in Britain spiked...

  • SINGAPORE, Jan 16- Singapore authorities say they have uncovered a complex, cross-border scheme to steal large quantities of oil from Shell's biggest refinery. Shell first contacted the authorities in August 2017 about suspected theft at its Pulau Bukom site, just south of the country's main island. Eight of the Singaporeans were employees of Shell Eastern...

  • Jan 16- Provident Financial expects to report a loss of about 120 million pounds in its consumer credit division for 2017 as it struggles to win back customers following problems at its door-to-door lending business. Shares in Provident, which provided loans through the Wall Street crash of 1929 and both world wars, were down 3.8 percent to 887 pence by 0900 GMT,...

  • BRUSSELS— European Union Council President Donald Tusk on Tuesday urged Britain to change its mind about leaving the bloc next year, as time to conclude a Brexit agreement runs short and EU leaders wait for more details on how the country sees their future ties. European Commission President Jean-Claude Juncker added: "I hope that will be heard clearly in London.

  • OSLO, Jan 16- Norway's $1.07 trillion sovereign wealth fund has excluded nine more companies from its portfolio based on breaches of its ethical investment criteria, the Norwegian central bank, which manages the fund, said in a statement on Tuesday. Evergreen Marine Corp Ltd, Korea Line Corp, Precious Shipping PCL, Atal SA and Thoresen Thai Agencies PCL were among...

  • *2017 sales up 10 pct, shares surge higher in Paris. CGG, in which the French state holds a stake of about 9 percent, filed for bankruptcy in France and the United States last year as part of a restructuring to ease its debt burden. Oil prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.

  • BEIJING, Jan 16- China's natural gas consumption will rise by 10 percent and imports by 13.4 percent in 2018, China National Petroleum Corp forecast on Tuesday, boosted by a steady push to replace coal with the cleaner-burning fuel to curb air pollution. China's gas demand will reach 258.7 billion cubic meters this year and total natural gas imports will grow to...

  • LONDON, Jan 16- The British pound paused on Tuesday after a recent rally against the dollar, as traders waited for an update on British inflation that is expected to show price rises falling slightly from a near-six-year high. Sterling has jumped in recent days, trading up into its highest levels since the British vote to leave the European Union in June 2016...

  • LONDON, Jan 16- Euro zone government bond yields came off recent highs and low-rated Italian and Portuguese debt outperformed as investors re-assessed their view on how quickly the European Central Bank will tighten policy. "I think the interpretation of the minutes has been a bit too hawkish in a way and the Weidmann speech was a bit of a push back," said ING...

  • *Iran, Asia offset tougher times in UK. PARIS, Jan 16- French carmaker and Peugeot-brand owner Groupe PSA reported on Tuesday a 15.4 percent rise in its worldwide sales for 2017, as strong growth in the Middle East and Latin America helped offset difficulties in Britain and China. PSA said it had solid sales for its Peugeot and Citroen light commercial vehicles in...

  • LONDON, Jan 16- European shares rose on Tuesday after corporate trading updates lifted sentiment, with shares in German fashion house Hugo Boss gaining on better-than-expected sales in the last quarter of 2017.. Germany's DAX added 0.1 percent and Hugo Boss rose about 1.9 percent after it reported a rebound in growth at its own stores, a jump in online sales and a...

  • "We have a responsibility to use our scale for good to make changes that will have a meaningful impact across the globe," said Francesca DeBiase, McDonald's chief supply chain and sustainability officer. The world's biggest restaurant chain will aim to get 100 percent of its packaging from renewable, recycled or certified sources by 2025, with a preference for...

  • *Dec FDI drops 9.2 pct y/y to 73.94 billion yuan. BEIJING, Jan 16- China's non-financial outbound direct investment in 2017 fell 29.4 percent year-on-year to $120.08 billion, the commerce ministry said on Tuesday, as firms backed off from speculative overseas investment amid a government crackdown. Investment in countries involved in China's Belt and Road...

  • SINGAPORE, Jan 16- UK- based quality assurance firm Intertek said on Tuesday that one of its employees had been arrested by Singapore police in connection with an investigation into oil theft at Shell's biggest refinery. Muhammad Ali bin Muhammad Nor faces two charges of conspiring with Shell employees as part of a scheme to steal oil from Shell's Palau Bukom...

  • *China Enterprises index HSCE rises 2.5 percent. Jan 16- Hong Kong's benchmark Hang Seng Index rose to a record closing high on Tuesday, led by index heavyweight Tencent Holdings and Hong Kong Exchanges and Clearing. **China's main Shanghai Composite index closed up 0.79 percent at 3,437.4848 points while its blue-chip CSI300 index ended up 0.81 percent.

  • BEIJING, Jan 16- China's Dagong Global Credit Rating Co, one of the country's most prominent ratings firms, on Tuesday cut the local and foreign currency sovereign ratings of the United States, citing an increasing reliance on debt in the world's largest economy. The growing reliance on the debt-driven mode of economic development will continue to erode the...

  • TOKYO, Jan 16- India was scheduled to lift its biggest volume of Iranian crude in nine months in December, helping to shore up the OPEC producer's oil exports to Asia last month, said a person with knowledge of the country's tanker loading schedule. India's scheduled crude oil loadings from Iran, excluding condensate, an ultra-light oil, were about 550,000 bpd last...

  • MALAYSIA'S PETRONAS SCHEDULED TO LIFT IRANIAN HEAVY CRUDE CARGO IN DEC, FIRST PURCHASE SINCE 2012- SOURCES.