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Wires

  • WASHINGTON— The ultra-wealthy, especially those with dynastic businesses— like President Donald Trump and his family— do very well under a major Republican tax bill moving in the Senate, as they do under legislation passed this week by the House. Tax rates on their sales would be reduced under the Senate bill. And an estimated 13 million Americans could lose...

  • CAIRO, Nov 18- Saudi Arabia has summoned its ambassador in Germany home for consultations over comments allegedly made by German Foreign Minister Sigmar Gabriel during a meeting with his Lebanese counterpart, the Saudi Foreign Ministry said on Saturday. The controversy revolves around the unexpected resignation of Lebanese Prime Minister Saad al-Hariri...

  • PARIS, Nov 18- Lebanon's Saad al-Hariri arrived in Paris on Saturday ahead of talks with French President Emmanuel Macron, French media reported. Hariri, who sparked a crisis by resigning as Lebanese prime minister on Nov. 4 while on a visit to Saudi Arabia, was seen leaving a Paris airport, French TV station BFM TV reported. Macron said on Friday he would welcome...

  • MILAN, Nov 18- Italy's Banca Carige secured backing from core shareholders and underwriters for a vital 560 million euro cash call needed to stave off the threat of being wound down. Carige's last-minute failure to sign the underwriting accord had sent tremors across Italy's banking sector, triggering a recent sell-off in shares of other lenders seen as...

  • TIMIKA, Indonesia, Nov 18- U.S. miner Freeport-McMoRan Inc is evacuating spouses and children of workers from its giant Indonesian copper mine after a string of shootings in the area raised security concerns, company sources said. The move follows efforts by Indonesian authorities on Friday to evacuate villages near Freeports Grasberg mine in the eastern...

  • The Nebraska Public Service Commission was scheduled to rule Monday if a Keystone XL expansion pipeline proposed by TransCanada Corp. can cross the state. Keystone operator TransCanada Corp. shut down the existing pipeline early Thursday morning and workers were testing to determine the cause of the spill on agricultural land in Marshall County, South...

  • BEIJING, Nov 18- China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalise on China's rapidly growing fintech sector. AiBank is one among several tie-ups between an internet firm and a lender in China's booming online finance market where technology gurus like Alibaba Group...

  • LIMA, Nov 17- Peru's largest construction company, Graña y Montero, is hoping to win major mine contracts to replace lost business, its chairman said on Friday, as it seeks to minimize the fallout from its links with Brazil's scandal-plagued builder Odebrecht. Anglo American has said it plans to invest $5 billion in its Quellevaco mine, while Minsur expects to...

  • BEIJING, Nov 18- China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter liquidity environment. China's housing market has seen a near two-year boom, giving the economy a major boost but stirring fears of a property bubble, with the...

  • Shiekh Shoes, which also sells streetwear apparel, has about 120 stores across 10 states stretching from California to Tennessee. Shiekh Shoes is talking to four to five banks about funding to avoid filing for bankruptcy, he said, adding that he is not in default with any creditors or landlords. Shiekh Shoes renovated stores to meet demands from suppliers, who...

  • BEIJING, Nov 18- China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in a tighter liquidity environment and amid government measures to cool the property boom. Average new home prices in China's 70 major cities rose by 0.3 in October from the previous month, compared with a...

  • WASHINGTON, Nov 17- The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing. The public can comment on NHTSA's decision until Dec. 18 on both Ford and Mazda's petitions.

  • WASHINGTON, Nov 17- Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry. But two bank trade groups noted in a letter to the Senate Finance Committee that a provision to fight tax dodging by multinationals could...

  • ATLANTA— Delta Air Lines says U.S. regulators have given the green light to a joint venture with Korean Air, and the carriers are waiting for approval from the South Korean government. Delta said Friday that the U.S. Department of Transportation approved the arrangement. Joint ventures have become common since the first one involving Northwest Airlines and...

  • U.S. legacy carriers are recruiting employees to fly new aircraft and replace retiring staff, with American Airlines expected to hire 900 mainline pilots in 2018, up from just over 500 in 2017, said Dennis Tajer, a spokesman for the Allied Pilots' Association, which represents American Airlines pilots. By contrast, in Europe corporate jet operators did not lose...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 20- Nov Netherlands DTC auction 21- Nov United States Sale of 2- year floating rate notes 21- Nov United Kingdom Auction of 0 1/ 8% Index-linked Treasury Gilt 2026 21- Nov Spain Auction of 3- and 9- month Treasury bills 22- Nov Germany Auction of 30- year Federal bonds 22- Nov...

  • SYDNEY- Panel participation by Michele Bullock, Reserve Bank of Australia's assistant governor at the Women in Payments Symposium, Sydney 2230 GMT. SYDNEY- Reserve Bank of Australia Financial Stability Head Jonathan Kearns will give speech at the Aus-China Property Developers, Investors& Financiers event, Sydney- 0135 GMT. SYDNEY- Reserve Bank of Australia...

  • BERKELEY, California- Federal Reserve Bank of San Francisco President John C. Williams participates in a panel discussion on interest rates at the 2017 Clausen Center Conference on Global Economic Issues- 2100 GMT. FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT.

  • BERKELEY, California- Federal Reserve Bank of San Francisco President John C. Williams participates in a panel discussion on interest rates at the 2017 Clausen Center Conference on Global Economic Issues- 2100 GMT. FRANKFURT- European Central Bank executive board member Sabine Lautenschlager speaks at IIF European CRO Forum in Frankfurt- 1215 GMT.

  • An official says Nevada doesn't plan to return one of the drugs obtained for use in an upcoming execution, despite a demand by pharmaceutical company Pfizer that its drugs not be used for lethal injections. The Nevada letter, obtained by The Associated Press, seeks the return of the sedative diazepam or the opioid painkiller fentanyl if it was manufactured by...