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Wires

  • WASHINGTON/ CARACAS, Nov 22- Venezuelan President Nicolas Maduro said on Wednesday that Venezuelan-American executives at refiner Citgo who were arrested in a corruption sweep this week would be tried as "corrupt, thieving traitors" despite a request by the United States to free them. Five of six executives of U.S.-based refiner Citgo who were arrested in...

  • SAO PAULO, Nov 22- A new version of Brazil's unpopular pension reform bill presented on Wednesday would require fewer years of contributions by private sector workers to receive a pension, according a draft of the legislation that the government hopes will win approval in Congress. The bill maintains the minimum retirement age of 65 years for men and 62 years...

  • *Record US crude output counters OPEC efforts to tighten markets. West Texas Intermediate crude futures were at $57.95 a barrel at 0143 GMT, down 7 cents from their last settlement, but still close to 2015- highs of $58.15 a barrel reached the previous day. WTI has been buoyed by the shutdown of the 590,000 barrel-per-day Keystone pipeline, one of the largest crude...

  • SHANGHAI, Nov 23- It is strategically important for China's economy that the country enhances protection of intellectual property rights, the state news agency Xinhua quoted Premier Li Keqiang as saying, as the cabinet promised to improve regulations. Companies and foreign business lobbies have often accused China of doing too little to rein in risks...

  • SHANGHAI, Nov 23- China's central bank set its official yuan midpoint at the strongest level in five weeks on Thursday at 6.6021 per dollar, reflecting spot yuan performance a day earlier and dollar movements in global markets overnight. The move in the official guidance rate was the biggest one-day strengthening in percentage terms since Oct. 11.

  • BOSTON— The Federal Trade Commission could take action against TripAdvisor after the Massachusetts- based travel company was accused of deleting hotel reviews that contained allegations of rape and other crimes. Several people told the Milwaukee Journal Sentinel this month they were sexually assaulted at Mexican hotels and resorts but the online...

  • *Spot gold was down 0.1 percent at $1,290.74 per ounce by 0109 GMT. *Brexit-bound Britain slashed its economic growth forecasts and ramped up its borrowing plans going into the 2020 s, but finance minister Philip Hammond announced a number of spending steps aimed at winning back voters. *When Theresa May visits Brussels on Friday, EU negotiators will be listening...

  • MELBOURNE, Nov 23- Engie and Mitsui have agreed to sell their Loy Yang B coal-fired power station in Australia to Chinese-owned Alinta Energy for more than A $1.1 billion, a person familiar with the deal said on Thursday. France's Engie and Japan's Mitsui put Loy Yang B up for sale a year ago, at the same time that Engie decided to close its nearby Hazelwood...

  • WASHINGTON/ CARACAS, Nov 22- Five of six executives of U.S.-based refiner Citgo who were arrested in Caracas this week are U.S. citizens, according to a source familiar with the matter, possibly complicating Venezuela's corruption sweep of the oil industry. "These are people born in Venezuela, they're Venezuelan and they're going to be judged for being corrupt,...

  • The company on Tuesday cut its full-year profit outlook to a range of $2.95 to $3.02 per share, which is still largely above the $2.97 average estimate of analysts who reviewed their expectations following the forecast. Morgan analyst Ken Goldman, who cut his estimate to $2.91. U.S. retailers have been pushing packaged food companies to cut prices as consumers...

  • SYDNEY, Nov 23- Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten U.S. policy as aggressively as first thought slugged the dollar and boosted bonds globally. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent to scale a fresh 10- year peak. Activity was light with Japanese markets closed for a...

  • SACRAMENTO, Calif.— DirecTV will pay $9.5 million to settle allegations that its California facilities unlawfully dumped hazardous waste. They said an investigation found that all 25 DirecTV facilities in California improperly disposed of batteries, electronic devices, aerosol cans and other hazardous materials that ended up in local landfills.

  • SHANGHAI, Nov 23- Police in southern China have detained seven people in connection with an underground banking scheme involving more than 20 billion yuan, the state news agency Xinhua reported. From a suspicious bank account in Shaoguan, a city in Guangdong province, the investigation snowballed to involve a suspected 10,000 people and 148 accounts across...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 23- Nov Sweden Auction of inflation-linked government bonds 27- Nov United States Sale of 2- year notes 27- Nov United States Sale of 5- year notes 27- Nov Italy Zero-coupon/BTPi auction 27- Nov Norway Auction of Treasury bills 28- Nov United States Sale of 7- year notes...

  • Luxembourg- ECB Chief Economist Peter Praet participating in Panel Session I- Investment and investment finance in Europe: a policy perspective, at the Economics Conference 2017 jointly organised by SUERF and the EIB, in Luxembourg- 0835 GMT. PARIS- ECB Executive Board Member Benoit Coeure opening remarks at conference "Economic and Financial Regulation in...

  • Luxembourg- ECB Chief Economist Peter Praet participating in Panel Session I- Investment and investment finance in Europe: a policy perspective, at the Economics Conference 2017 jointly organized by SUERF and the EIB, in Luxembourg- 0835 GMT. PARIS- ECB Executive Board Member Benoit Coeure opening remarks at conference "Economic and Financial Regulation in...

  • LONDON, Nov 23- British car production rose by an annual 3.5 percent in October as an increase in demand from abroad outweighed a decline in output for domestic buyers, an industry body said on Thursday. Factories churned out 157,056 cars last month, with exports rising 5 percent as domestic demand fell 2.9 percent, according to data from the Society of Motor...

  • SAO PAULO, Nov 22- The board of food processor BRF SA has tapped veteran Brazilian executive José Aurélio Drummond Jr to lead a turnaround after a string of losses. Drummond will take over as chief executive officer from Pedro Faria on Dec. 22, according to a securities filing on Wednesday. Faria became CEO of BRF in 2015, after retail tycoon Abilio Diniz,...

  • The streaming video service removed more than 50 user channels in the last week and stopped running ads on over 3.5 million videos since June, YouTube vice president Johanna Wright wrote in a blog post. They have contended that Google must do more to banish and restrict access to inappropriate videos, whether it be propaganda from religious extremists and...

  • CARACAS, Nov 22- Venezuela's government on Wednesday named Asdrubal Chavez, a former oil minister and cousin of the late leader Hugo Chavez, as the new president of U.S.-based refiner Citgo a day after authorities arrested its acting president on corruption accusations.