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Wires

  • LONDON, Jan 18- After the party must come the hangover. Copper went on an 11- day binge of consecutive highs as London Metal Exchange three-month metal powered through the $7,000 a tonne barrier to a four-year peak of $7,312.50 on Dec. 28. It's now back below $7,100, with another New Year just around the corner.

  • BRUSSELS— The European Union's top tax official is urging member states to make public any commitments given by non-EU countries wanting to get off the bloc's blacklist of suspected tax havens. Barbados, Grenada, Macao, Mongolia, Panama, South Korea, Tunisia and the United Arab Emirates are set to come off after agreeing to tighten their tax laws.

  • BNY Mellon, the world's largest custodian bank, said net income applicable to common shareholders rose to $1.13 billion, or $1.08 per share, in the quarter ended Dec. 31, from $822 million, or 77 cents per share, a year earlier. The company recorded an estimated net benefit of $427 million from the U.S. tax legislation passed in December. Net interest revenue rose 2.4...

  • MOUNT AIRY, N.C. _ Insteel Industries Inc. on Thursday reported fiscal first-quarter profit of $8.1 million. On a per-share basis, the Mount Airy, North Carolina- based company said it had net income of 42 cents. Insteel Industries shares have climbed slightly more than 5 percent since the beginning of the year.

  • LONDON, Jan 18- The dollar edged higher on Thursday after plumbing a three-year low hit earlier in the session as higher U.S. Investors are still reallocating funds away from the dollar into the euro and we see this trend continuing, "said Robin Winkler, a currency strategist at Deutsche Bank in London. An analysis of the quarterly data published by the...

  • LONDON, Jan 18- British prosecutors said on Wednesday they had opened a bribery, corruption and money laundering investigation into defense specialist Chemring Group Plc, one of its subsidiaries and individuals associated with the businesses. The Serious Fraud Office said Chemring Technology Solutions, which is also being investigated, had handed a report...

  • LONDON, Jan 18- British prosecutors said on Wednesday they had opened a bribery, corruption and money laundering investigation into defence specialist Chemring Group Plc, one of its subsidiaries and individuals associated with the businesses. The Serious Fraud Office said Chemring Technology Solutions, which is also being investigated, had handed a report...

  • Jan 18- British engineering group GKN dismissed Melrose's 7.4 billion pound hostile bid as "misleading" and denied it was rushing into a break-up. GKN, which makes parts for the Boeing 737 jet, Black Hawk helicopter and components for Volkswagen and Ford cars, rejected turnaround specialist Melrose's bid on Wednesday, saying that the share and cash offer was "...

  • TRUMP SAYS BORDER WALL' WILL BE PAID FOR, DIRECTLY OR INDIRECTLY, OR THROUGH LONGER TERM REIMBURSEMENT, BY MEXICO'- TWEET.

  • *Sales under pressure from tough UK market. *Brands include Costa Coffee and Premier Inn. Reuters reported late on Wednesday that investor Sachem Head, which disclosed a 3.4 percent stake in Whitbread last month, was pushing the FTSE 100 company to consider a break-up, according to two people familiar with the matter.

  • *Spot gold could fall to $1,250 by mid year- Julius Baer. LONDON, Jan 18- Gold edged higher on Thursday after hitting its lowest in nearly a week as the dollar pared gains, but analysts said bullion was vulnerable to more losses. We see more upside for the dollar heading into the second quarter so that means that gold should move back below $1,300 and towards $1,250 by...

  • *BLOOMBERG PLANS TO DISCONTINUE FINANCIAL COMMENTARY BRAND GADFLY- WSJ, CITING SOURCES Source text: http://on.wsj.com/2FOFlsT.

  • BLOOMBERG PLANS TO DISCONTINUE FINANCIAL COMMENTARY BRAND GADFLY- WSJ, CITING SOURCES.

  • TOKYO, Jan 18- Australia and Japan are committed to signing an Asia Pacific trade deal by March with countries in the region ready to forge a pact to replace the derailed Trans Pacific Partnership, Australian Prime Minister Malcolm Turnbull said on Thursday. President Donald Trump in early 2017 announced that the United States was withdrawing in the name of...

  • SAN FRANCISCO/ NEW YORK, Jan 18- Amazon.com Inc, which has made waves in recent years buying art-house movies at the Sundance Film Festival, is heading to the prestigious event this week with a long-term change in the works: It plans to shift resources from independent films to more commercial projects, people familiar with the matter told Reuters.

  • WASHINGTON, Jan 18- The Trump administration is finalizing its long-awaited infrastructure plan, which would push most of the financing of projects to private investment and state and local taxpayers, according to sources familiar with the proposal taking shape. The U.S. Chamber of Commerce, the largest business lobbying group in Washington, is pushing for...

  • NEW YORK, Jan 18- SVB Capital, the venture capital arm of Silicon Valley Bank, and property investor Asia Pacific Land Ltd have backed Roofstock, a startup that allows investors to buy and sell single-family rental homes online. Launched in early 2016, Roofstock runs an online marketplace where retail and institutional investors can buy and sell homes in the...

  • SAN FRANCISCO, Jan 18- U.S. technology trade groups on Thursday urged the Trump administration to retain an Obama-era rule that allows certain spouses of highly skilled guest workers to also work legally in the United States. The call was made in a letter published on the website of the Information Technology Industry Council, whose members include Apple Inc,...

  • It says the signing took place in Kirkuk on Thursday without giving more details. As of late last month, the fields around Kirkuk produced around 140,000 barrels a day, all of which went to refineries. The Kurds, who took control of Kirkuk and other disputed areas when Islamic State group swept into Iraq in summer 2014, exported oil through their own pipeline to...

  • BRUSSELS, Jan 18- European Union banks' holding of bad loans is decreasing but remains high, the European Commission said on Thursday as it prepares measures to force higher provisioning for future soured debt. But as the bloc's economy recovers, the amount of bad debt is slowly receding, the European Commission said in a report. Using data from the European...