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Wires

  • WASHINGTON, Jan 21- The U.S. Senate scheduled a vote for Monday at noon on a stopgap spending measure, canceling a planned vote for Monday at 1 a.m., ensuring that the federal government will remain closed when the work week begins. It would be my intention to proceed to legislation that would address DACA, border security and related issues. It is also my intention to...

  • WASHINGTON— Dem leader Schumer: "We have yet to reach an agreement on a path forward" to end shutdown, as leaders' talks continue.

  • Jan 21- Sanofi SA is close to a deal to take over U.S. drug maker Bioverativ Inc for more than $11.5 billion, the Wall Street Journal reported, citing people familiar with the matter. The potential deal, which could be announced as soon as Monday, would value Bioverativ at about $105 a share, the Journal reported. Sanofi has failed to land major deals after losing...

  • SYDNEY, Jan 22- U.S. soybean prices extended gains into a sixth session on Monday to hit a five-week high, buoyed by strong demand for U.S. supplies and by fears over dry weather in key producer Argentina. *The most active soybean futures on the Chicago Board of Trade were up 0.5 percent at $9.82-1/ 2 a bushel by 0143 GMT, after earlier touching their highest since Dec. 12...

  • In a flurry of negotiations, the two parties' leaders in the Senate huddled behind closed doors following discussions by a bipartisan group of moderate lawmakers who said they made progress toward a compromise to reopen federal agencies before Monday morning. Roy Blunt, a junior member of the Republican Senate leadership, said there was a "chance" of a...

  • 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 bankruptcy would come six years after private equity firm Carlyle Group LP and Energy Transfer Partners LPs Sunoco Inc...

  • SHANGHAI, Jan 22- China's central bank set its official yuan midpoint at a more than two-year high on Monday at 6.4112 per dollar, underpinned by gains in the spot yuan last week and broad dollar weakness in global markets. China's yuan finished its domestic session at a new over two-year high against the U.S. dollar on Friday, registered its sixth straight weekly...

  • WASHINGTON, Jan 21- The U.S. Commerce Department has sent President Donald Trump the results of its national security probe into aluminum imports, Trump administration officials said on Sunday, while declining to disclose details. White House spokeswoman Lindsay Walters confirmed that the findings in the "Section 232" probe were delivered on Friday, just...

  • The ultimate decision was up to Republican Senate Majority Leader Mitch McConnell and Democratic Senate leader Chuck Schumer, they said. Roy Blunt, a junior member of the Republican Senate leadership, said there was a "chance" of a resolution on Sunday night. But John Cornyn, the No. 2 Republican in the Senate, told reporters when asked if he thought the government...

  • *Turkish military fights Kurdish militia in Syria. SINGAPORE, Jan 22- Oil prices climbed on Monday, pushed up by a drop in U.S. drilling activity and by fighting in Syria between Turkish forces and Kurdish fighters. Brent crude futures were at $68.79 at 0053 GMT, up 18 cents, or 0.26 percent, from their last close.

  • *South African rand shines, Turkish lira drops on Syria conflict. TOKYO, Jan 22- Financial markets in the United States and Asian stocks took a knock early on Monday after the U.S. government was forced to shut down amid a dispute between President Donald Trump and Democrats over immigration. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2...

  • *Spot gold rose 0.2 percent to $1,334.10 an ounce by. *Republican and Democratic leaders of the U.S. Senate held talks on Sunday seeking to break an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start of the work week. *Flows of palladium out of UK stocks to Hong Kong are...

  • LONDON, Jan 19- Even if oil consumption reaches a peak and then starts to fall, the world will still need large quantities of oil for many decades to come. The prediction is contained in a thoughtful paper co-authored by Spencer Dale, chief economist of BP, and Bassam Fattouh, director of the Oxford Institute for Energy Studies. "Global oil demand is likely to continue...

  • 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...