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Wires

  • SAN JUAN, Puerto Rico— A federal judge has approved a $300 million loan for Puerto Rico's power company that officials say will help keep it operating until late March. The judge had said officials did not provide sufficient evidence proving Puerto Rico's Electric Power Authority needed the money. The power company is $9 billion in debt, and the board has warned...

  • PITTSBURGH— An Australian investment firm has acquired The Mall at Robinson, one of the larger retail venues in the Pittsburgh area. Cleveland- based Forest City Realty Trust said Monday that it had completed the previously announced sale of its interest in the mall to QIC. QIC already had an ownership stake in the mall, which Allegheny County recently...

  • MOSCOW, Feb 19- Russian businessman Mikhail Prokhorov has agreed to sell a 6 percent stake in Russian aluminum giant Rusal to a consortium of investors led by billionaire Viktor Vekselberg and his partners, the consortium said on Monday. The consortium said in a statement that after the deal, Vekselberg and his partners will hold 26.5 percent in Hong Kong- listed...

  • VANCOUVER, Feb 19- British Columbia said on Monday that it will formally challenge a ban of its wine by Alberta under Canada's national free-trade pact, as a battle between the two provinces over a crude oil pipeline expansion project rages on. British Columbia, a top Canadian wine producer, said it had notified oil-rich Alberta it was seeking consultation under...

  • Attorney General Andy Beshear in the lawsuit accused Cardinal of unfair, misleading and deceptive business practices that he said led to the excessive distribution of opioids in Kentucky. "I'm committed to hauling each of these opioid companies into a Kentucky court to answer for their actions that have devastated our families, communities and state,"...

  • LOS ANGELES, Feb 19- Disney-Marvel's "Black Panther" is heading for a stunning $235 million debut over the four-day President's Day weekend at 4,020 North American locations, estimates showed Monday. "Black Panther," starring Chadwick Boseman and directed by Ryan Coogler, has blown away its original tracking in less than a month. The film, which carries an...

  • LONDON— Latvia's top banking official, a key member of the European Central Bank, has been accused by local bank Norvik of seeking kickbacks, trying to launder Russian money and retaliating against the bank when it refused to play by the "rules of the game." Norvik bank has filed an international legal complaint against Latvia in which it alleges that a "Senior...

  • *ABLV Bank denies claims of sanctions busting, money laundering. RIGA, Feb 19- Latvia's ABLV Bank sought emergency support on Monday after U.S. officials accused it of helping breach North Korean sanctions while the country's central bank chief faced bribery allegations, turning up the spotlight on its financial system. Last year, two Latvian banks were fined...

  • *Speculators cut net gold longs in the week to Feb. 13. LONDON, Feb 19- Gold prices were down slightly on Monday as the dollar clawed back some recent losses and stocks rose, but worries about U.S. inflation kept buyers in the metal. The safe-haven appeal is a bit in question but it has a lot to do with movements in the dollar which has recovered somewhat, "said ABN AMRO...

  • His energy minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbours signed their historic peace treaty in 1979.. "Egypt is becoming a real gas hub," Yossi Abu, CEO of Delek subsidiary Delek Drilling LP, told Reuters. " The partners have also been trying to finalise a long-term export deal with a Royal Dutch Shell PLC plant in...

  • *Some focus turns to Israel- Iran tensions. LONDON, Feb 19- Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and tensions in the Middle East, although concerns of rising U.S. production tempered gains. Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just...

  • LONDON— The Latest on the bribery investigation on the Latvian central bank chief:. An Associated Press investigation found that a Latvian bank is accusing Rimsevics of seeking bribes for years, abusing his power and being connected to individuals involved in money laundering from Russia. Norvik's CEO, Oliver Bramwell, told The Associated Press: "The...

  • PALM BEACH, Fla., Feb 19- The White House said on Monday that President Donald Trump supports efforts to improve federal background checks for gun purchases, days after a shooting at a Florida school killed 17 people. Trump spoke to Senator John Cornyn, a Republican, on Friday about a bi-partisan bill that he and Democratic Senator Chris Murphy introduced to...

  • NEW DELHI/ MUMBAI, Feb 19- Indian federal police arrested three more employees of Punjab National Bank on Monday over a $1.77 billion loan fraud, and the government said the scandal exposed a supervisory failure by the country's central bank, police and local media reports said. Two officers looking after the foreign exchange department of the state-run bank...

  • MUNICH/ FRANKFURT, Feb 19- ProSiebenSat.1 Media SE is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital business, two people with direct knowledge of the matter said on Monday. The sources said it was possible but not yet certain that the German media company would unveil a deal when departing CEO Thomas...

  • Feb 19- Kentucky's attorney general on Monday accused the drug distributor Cardinal Health Inc of contributing to the opioid epidemic by failing to halt or report suspiciously large or frequent orders by pharmacies of prescription painkillers. Kentucky Attorney General Andy Beshear filed a lawsuit over what he said were unfair, misleading and deceptive...

  • BRASILIA, Feb 19- Eunicio Oliveira, the head of Brazil's Senate, said on Monday that the federal government's military intervention in Rio de Janeiro would, by the rules of the country's constitution, block any vote on pension reform or any other measure requiring a constitutional amendment. President Michel Temer last week ordered Brazil's army to take...

  • *FTSE index down 0.64 percent. *Bank holidays in the U.S. and China. LONDON, Feb 19- British shares lost some ground on Monday as weak results from Reckitt Benckiser underlined the murky growth outlook for big consumer goods makers and banking holidays in the U.S. and China slowed European markets.

  • *Kiev short of coal due to rebellion, conflict with Russia. On the Ukrainian side the deal helped to win favour with the White House, whose support Kiev needs in its conflict with Russia, as well as opening up a new source of coal at a time when its traditional supplies are disrupted. Trump's campaign call to improve relations with the Kremlin alarmed the pro-Western...

  • LONDON, Feb 19- Sterling edged lower against the dollar and euro on Monday, holding off 10- day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but such tightening will hinge on pay growth picking up, and on whether...