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Wires

  • Wall Street, which had been resilient to the threat of a shutdown, rose on Friday, with the S&P 500 and Nasdaq notching record closing highs. "These things have no near-term or midterm economic impact whatsoever," said Michael Purves, chief global strategist and head of derivatives strategy for Weeden& Co in New York. "They are kind of embarrassing for the United...

  • TOKYO, Jan 22- The dollar sagged against its peers on Monday as a U.S. government shutdown dented sentiment, although losses were limited for now as investors took a wait-and-see stance on developments in Washington. The Senate was expected to vote at 0600 GMT on whether to advance a measure to fund the government through Feb. 8. "The dollar's losses have been...

  • In the run-up to the World Economic Forum in the Swiss ski resort of Davos, Oxfam has sought to put inequality at the heart of this week's deliberations of the rich and powerful. In its report "Reward Work, Not Wealth," Oxfam says 82 percent of the wealth generated last year went to the richest 1 percent of the global population while the poorest half of the world's...

  • **WASHINGTON- Senate Banking Committee holds a hearing on the nomination of Marvin Goodfriend to be a member of the Federal Reserve Board of Governors- 1500 GMT. STOCKHOLM- The Riksdag Committee on Finance is holding an open hearing on financial stability and macroprudential policy. Minister for Financial Markets Per Bolund, Riksbank Governor Stefan Ingves,...

  • *UK palladium shipments to Hong Kong rise in Jan- Nov 2017. LONDON/ BENGALURU, Jan 22- Flows of palladium out of UK stocks to Hong Kong are picking up as demand from Asian industry grows, pointing to a tightening market that could keep record-high prices on the boil. "There is a premium over London or Zurich which makes it profitable to ship metal to China or Hong Kong,"...

  • Jan 21- Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters. The company has secured access to $260 million in new financing, and said it expected the filing to have no immediate impact...

  • Jan 21- U.S. lawmakers struggled on Sunday to reach a breakthrough during the second day of a government shutdown. The last shutdown, in October 2013, lasted more than two weeks and more than 800,000 federal employees were furloughed. MILITARY: The Defense Department says a shutdown would not affect the U.S. military's war in Afghanistan or its operations against...

  • President Donald Trump in the past, told a news conference that Latin America could do a lot more to stimulate trade with China and called on its nations to take advantage of the talks to improve ties. China has sought a bigger role overseas since Trump was elected, presenting its Regional Comprehensive Economic Partnership trade agreement as an alternative to...

  • Jan 21- U.S. stock index futures slipped on Sunday after a government shutdown continued into a second day. Wall Street, which has been resilient to the threat of a shutdown, rose on Friday, with the S&P 500 and Nasdaq notching record closing highs. Futures snapshot at 6:03PM ET 23:03 GMT:.

  • LIMA, Jan 21- Pope Francis celebrated an open air Mass for more than 1 million people on Sunday, ending a trip to Chile and Peru marked by tough talk on political corruption but a backlash over what many see as his insufficient resolve to tackle sexual abuse in the Church. The Catholic Church's record on sexual abuse loomed large in both countries, but mostly in Chile,...

  • More than a year after it introduced the concept, Amazon is opening its artificial intelligence-powered Amazon Go store in downtown Seattle on Monday. The store on the bottom floor of the company's Seattle headquarters allows shoppers to scan their smartphone with the Amazon Go app at a turnstile, pick out the items they want and leave. At about 1,800 square...

  • NEW YORK, Jan 21- U.S. Treasury debt futures prices fell 0.1 percent on Sunday after a U.S. government shutdown extended into its second day. Democrats and Republicans, locked in a bitter dispute over immigration, failed to agree on a last-minute deal to fund government operations, causing a shutdown at midnight on Friday.

  • NIGERIA CENTRAL BANK SAYS INTEREST RATE SETTING MEETING SCHEDULED FOR JAN. 22-23 WILL NOT BE HELD DUE TO INABILITY TO FORM QUORUM.

  • BRUSSELS, Jan 22- Facebook said on Monday it will open three new centers in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant's drive to show its contribution to the bloc. The U.S. company- which has faced regulatory pressure in Europe over issues ranging from privacy to...

  • BRUSSELS, Jan 22- Facebook said on Monday it will open three new centers in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant's drive to show its contribution to the bloc. The U.S. company- which has faced regulatory pressure in Europe over issues ranging from privacy to...

  • ABUJA, Jan 22- Nigeria's central bank said on Monday a key interest rate setting meeting intended for January 22-23 will not be held due to an inability to form a quorum, adding that the benchmark rate will be maintained at 14 percent. The decision comes because there are not enough members of the Central Bank of Nigeria's Monetary Policy Committee to form a quorum,...

  • BRUSSELS, Jan 22- Facebook said on Monday it will open three new centres in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant's drive to show its contribution to the bloc. The U.S. company- which has faced regulatory pressure in Europe over issues ranging from privacy to...

  • BRUSSELS, Jan 22- Facebook said on Monday it will open three new centres in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant's drive to show its contribution to the bloc. The U.S. company- which has faced regulatory pressure in Europe over issues ranging from privacy to...

  • NIGERIA CENTRAL BANK SAYS BENCHMARK INTEREST RATE TO BE MAINTAINED AT 14 PCT.

  • U.S. 10- YEAR TREASURY NOTE FUTURES PRICES DOWN 2/ 32 POINT AS TRADING RESUMES ON 2 ND DAY OF US GOVT SHUTDOWN.