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Wires

  • NEW YORK, Dec 15- New York's poorest neighborhoods are home to the city's student borrowers under the most stress, according to a central bank report released on Friday showing "troublingly high" loan default and delinquency rates mainly in the Bronx and Brooklyn. The Federal Reserve Bank of New York report, billed as the first neighborhood-level study of...

  • CAIRO, Dec 16- Egypt's mammoth offshore Zohr gas field in the Mediterranean is live and set to produce an initial 350 million cubic feet per day, the petroleum ministry said Saturday. Discovered in 2015 by Italy's Eni, the field contains an estimated 30 trillion cubic feet of gas. Egypt has been seeking to speed up production from recently discovered fields, with an...

  • VIENNA, Dec 16- Austria is set to become the only western European country with a far-right party in government after the anti-immigration Freedom Party and Sebastian Kurz's conservatives struck a coalition deal they plan to present on Saturday. Kurz, who is just 31, and Freedom Party leader Heinz-Christian Strache announced on Friday night they had reached...

  • AMMAN, Dec 16- Sabih al-Masri, a Palestinian billionaire and the chairman of Jordan's largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday. They said Masri, a Saudi citizen and Jordan's most prominent businessman with holdings in hotels and banking, was detained after...

  • *Executive Chairman Del Vecchio takes on all powers. *Milleri would replace Del Vecchio at merged group if he died. Vian's responsibilities will be handed to both Del Vecchio and his close aide Deputy Chairman Francesco Milleri, who will also take on the position of CEO.

  • LISTED ENTITY WILL INCLUDE FARMS, MILK PRODUCTION AND BOTTLING BUSINESS- SOURCE.

  • *Company part of Qatar drive to be self-sufficient in milk. One source said the IPO might value the company, which flew 3,400 cows into Qatar during the initial weeks of the boycott to address a shortage of fresh milk, at about 2 billion riyals. The IPO plan underlines one way in which Qatar is seeking to strengthen its economy in the face of the boycott by building up...

  • QATAR DAIRY COMPANY BALADNA HAS PICKED QNB CAPITAL TO ARRANGE IPO FOR 2018- SOURCES.

  • AMMAN, Dec 16- Sabih al-Masri, a Palestinian billionaire and the chairman of Jordan's largest lender Arab Bank, was detained in Saudi Arabia for questioning after a business trip to Riyadh, family sources and friends said on Saturday. They said Masri, a Saudi citizen and Jordan's most prominent businessman with holdings in hotels and banking, was arrested after...

  • SABIH AL MASRI, PALESTINIAN BILLIONAIRE AND CHAIRMAN OF ARAB BANK, DETAINED IN SAUDI ARABIA FOR QUESTIONING AFTER BUSINESS TRIP TO RIYADH- FAMILY MEMBERS.

  • ROME, Dec 16- The United States has denied suggestions it undermined an investigation into a massive data breach at the Italian cybersecurity firm Hacking Team, saying it did everything it could to help in the case. But in a comment emailed to Reuters, the U.S. Department of Justice in Washington denied the United States was to blame for the case floundering.

  • ZURICH, Dec 16- Roche's patent dispute with London- listed Shire over the Swiss drugmaker's new hemophilia drug Hemlibra has escalated, with Shire filing a new motion in a U.S. court that Roche says aims to stop some patients from getting its medicine. The patent dispute at the U.S. district court of Delaware underscores Hemlibra's potential to take business from...

  • ZURICH, Dec 16- Roche's patent dispute with London- listed Shire over the Swiss drugmaker's new haemophilia drug Hemlibra has escalated, with Shire filing a new motion in a U.S. court that Roche says aims to stop some patients from getting its medicine. The patent dispute at the U.S. district court of Delaware underscores Hemlibra's potential to take business...

  • BEIJING, Dec 16- China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London- Shanghai stock connect programme. The statement comes as China, in an unusual step, accused the United States and the European Union of breaking promises that they made when...

  • BEIJING— Britain and China pledged Saturday to promote London as a center for offshore use of Beijing's currency and cooperate in clean energy research and promoting trade as the United Kingdom prepares to leave the European Union. Officials announced the agreements following an economic dialogue led by Britain's finance minister, Philip Hammond, and a...

  • BEIJING, Dec 16- British finance minister Philip Hammond said on Saturday it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying existing arrangements like the Canada-EU deal. Summit chair Donald Tusk said the world's biggest trading bloc would begin "exploratory contacts" with...

  • MOSCOW, Dec 16- Russian gas exports outside former Soviet countries increased 8.3 percent year-on-year between Jan. 1 and Dec. 15 to 184.2 billion cubic metres, Gazprom said on Saturday.

  • *Far right Freedom Party won 26 pct in Oct. 15 vote. VIENNA, Dec 16- Austria's conservative leader Sebastian Kurz has brought the far right Freedom Party into government, striking a coalition deal he aims to cement with his own party and Austria's president on Saturday. The deal on Friday propels Heinz-Christian Strache's FPO into power for the first time in more...

  • VIENNA, Dec 16- Austria's conservative leader Sebastian Kurz has brought the far right Freedom Party into government, striking a coalition deal he aims to cement with his own party and Austria's president on Saturday. The deal on Friday propels Heinz-Christian Strache's FPO into power for the first time in more than a decade, after both the FPO and Kurz's...

  • CHARLESTON, W.Va.— Three years after the Obama administration lowered the allowable limits for miners' exposure to coal dust, the Trump administration has brought the standards up for review. The Mine Safety and Health Administration has asked for public comment on whether standards "could be improved or made more effective or less burdensome by...