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Wires

  • LONDON, Oct 18- Russian state oil major Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region despite a major spike in tensions with the central government in Baghdad. The region plunged into a major crisis last month when Kurdistan held an independence referendum, which was...

  • They follow a series of tweets by Chief Executive Jack Dorsey on Friday announcing plans to act more aggressively to limit the number of bullies and harassers using Twitter. The rules were set out in a letter, which was seen by Reuters, to Twitter's Trust and Safety Council from Twitter's head of safety policy. Dorseys pledge to revamp Twitters guidelines came...

  • WASHINGTON, Oct 18- The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services and products. The regulator laid out a series of principles on Wednesday to establish its expectations for accessing consumer's financial data in the course of doing business.

  • Under the deal, which has not been finalized, five of Viacom's six flagship networks- MTV, Nickelodeon, Comedy Central, Paramount Network and BET- would be in Spectrum's basic package for U.S. households, according to the source, who wished to remain anonymous because the discussions are confidential. The other three channels included would be VH1, TV Land and CMT.

  • On Tuesday, the United States, Canada and Mexico wrapped up the latest round of NAFTA renegotiations in Washington, D.C., trading barbs. The losses came after the peso rose about 1.5 percent on Wednesday on news that trade ministers from the United States, Canada and Mexico would extend a deadline to finish talks. President Donald Trump has repeatedly threatened...

  • NEW YORK, Oct 18- U.S. fund investors stockpiled more cash abroad and in bonds during the latest week, Investment Company Institute data showed on Wednesday, resisting the temptation to chase further returns from a bull market that has lasted the better part of a decade. Yardeni Research Inc Chief Investment Strategist Ed Yardeni said gains in U.S. stocks might...

  • BRUSSELS— European Union chief Donald Tusk says Britain needs to come up with much more concrete proposals to reinvigorate stalled Brexit negotiations. The European Council president said Wednesday that for the two sides to meet the goal of completing the first phase of talks by year's end, Britain must translate the intentions Prime Minister Theresa May...

  • MOSCOW, Oct 18- Glencore will convert its 8.75 percent stake in Russian aluminium giant Rusal to shares in En+ Group, an aluminium and hydropower group controlled by tycoon Oleg Deripaska, En+ said on Wednesday. En+ said the swap will occur after it completes its initial public offering, which is due later this year. En+ is looking to raise as much as $1.5 billion from the...

  • *FTSE 100 up 0.4 pct. *FTSE 250 up 0.6 pct to a record close. LONDON, Oct 18- British mid-caps jumped to a record closing level on Wednesday as investors grew more comfortable with the smaller, more domestically-focused stocks, while the FTSE 100 held its ground as third quarter earnings trickled in.

  • MILAN, Oct 18- Dealmaking activity helped European shares inch higher on Wednesday as the focus turned to a flurry of third-quarter company earning updates. Spanish road toll operator Abertis soared to a record high after German builder Hochtief tabled a $20.1 billion bid, topping a rival offer from Italy's Atlantia. Spanish Prime Minister Mariano Rajoy...

  • Anthem said it would save $4 billion annually in the new contract with drug retailer CVS Health Corp, which will handle prescription fulfillment and claims processing starting in 2020 for five years for the new company, called IngenioRX. Anthem shares rose 3.1 percent, or $5.93, to $193 in Wednesday afternoon trading, while CVS shares were up 2.3 percent at...

  • GENEVA— Switzerland's executive body is advising voters to reject a ballot initiative that would grant new fathers at least 20 days of paid paternity leave. The seven-member Federal Council argues says Switzerland should instead improve options for childcare and let business and labor leaders iron out the issue. A government statement Wednesday...

  • BRUSSELS, Oct 18- European Union leaders are to agree on Friday on a calendar until the middle of 2019 detailing when to tackle various changes to the bloc, including deeper euro zone integration, to strengthen the EU after Britain leaves. The discussions are inspired by French President Emmanuel Macron, who last month offered an ambitious vision for European...

  • BRAZIL'S ANTITRUST WATCHDOG CADE UNANIMOUSLY VOTES TO APPROVE AT&T/TIME-WARNER DEAL UNDER CERTAIN CONDITIONS.

  • ATLANTA, Oct 18- Delta Air Lines Inc's chief executive on Wednesday said the carrier did not play a role in pushing an industry-changing deal between planemakers Airbus and Bombardier Inc, as a regulatory spat between the United States and Canada threatened the future of a Bombardier plane program. The agreement for Bombardier to cede 50.01 percent stake in...

  • By Dhara Ranasinghe and Abhinav Ramnarayan. LONDON, Oct 18- Euro-area bond yields came off five-week lows on Wednesday, helped by a sharp rise in U.S. Earlier this week, euro zone bond yields had tumbled on the view that the European Central Bank, which meets next Thursday, would signal a prolonged scaling back of its monetary stimulus scheme.

  • Oct 18- A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm. The Saint Regis Mohawk Tribe was assigned the patents by SRC Labs LLC in a deal intended to use the tribe's sovereign status to shield them from administrative review.

  • LONDON, Oct 18- Hedge funds that trade cryptocurrencies reached over 100 for the first time, according to new data from fintech research house Autonomous NEXT, of which more than three-quarters launched in 2017.. A rise from 55 funds at Aug. 29 to 110 funds at Oct. 18 comes as investors pile into the high-performing cryptocurrency market, which has seen a tenfold...

  • PARIS, Oct 18- French food group Danone said chief executive Emmanuel Faber would also take on the role of chairman, replacing Franck Riboud who is stepping down from that position. Antoine Riboud founded Danone in 1972, and his son Franck succeeded his late father at the helm of Danone in 1996.. Franck Riboud is credited with turning Danone towards the health...

  • WASHINGTON— President Donald Trump says the nation faces a "once in a lifetime opportunity" to overhaul the tax system. Trump spoke during a White House meeting with a group of senators. Orrin Hatch, a Republican, and Missouri Sen.