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Wires

  • MOGADISHU, Somalia— An international anti-piracy force says a Singapore- flagged chemical tanker has exchanged fire with attackers off the coast of Somalia before escaping unharmed. The European Union anti-piracy force says in a statement that the MT Leopard Sun was attacked by two skiffs early Friday about 160 nautical miles off central Somalia.

  • Federal Reserve chair Jerome Powell has said little about the sharp fall in Wall Street stocks this month, besides offering the platitude at his swearing-in ceremony last week that "we will remain alert to any developing risks to financial stability." But the spotlight will be on the new Fed chair next week when he faces questions from both houses of the U.S....

  • *FTSE 100 down 0.1 pct. *SLA to sell insurance unit to Phoenix. LONDON, Feb 23- The UK's top share index dipped on Friday after bank RBS and airline operator IAG tumbled following their results, sending the FTSE 100 to a slight weekly loss.

  • *Shares in U.S., Europe, Asia all higher. NEW YORK, Feb 23- World shares rose broadly on Friday, with technology stocks lifting Wall Street, and gold neared its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes and the U.S. dollar dipped. Stocks climbed across Asia and Europe, while soaring shares of Hewlett Packard Enterprise...

  • WASHINGTON, Feb 23- New measures to block supplies and money from going to North Korea's work on developing nuclear arms target virtually all shipping that the country is currently using to evade international restrictions, U.S. Treasury Secretary Steve Mnuchin said on Friday. Mnuchin told a White House briefing that current economic sanctions are...

  • Feb 23- China's Zhejiang Geely Holding Group Co is buying a stake worth about 7.5 billion euros in Daimler AG to become the largest investor in the German automaker, Bloomberg reported on Friday, citing people familiar with the matter. Zhejiang Geely owns Volvo, as well as the maker of London's black cabs and last year acquired a 49.9 percent stake in Malaysian...

  • JOHANNESBURG, Feb 23- At least eight companies owned by the wealthy Gupta family accused of corrupt ties to former president Jacob Zuma, have filed for protection from creditors, documents showed on Friday. The Companies and Intellectual Property Commission, South Africas companies registry office, shows on its website that eight firms owned by the Gupta's...

  • LONDON, Feb 23- Italy's 10- year government bond yield was poised on Friday for its biggest weekly rise of the year, reflecting some unease at the approach of a national election that is expected to result in a hung parliament. Markets also digested new bond supply from Italy. Italy's 10- year bond yield was unchanged and lagging better rated peers at 2.07 percent.

  • MILAN/ LONDON, Feb 23- European shares ended the day in positive territory after a choppy session, posting a slim weekly gain as investors digested a flurry of company results that included disappointing updates from Royal Bank of Scotland and Valeo. "The STOXX is on course to end the week flat as markets stabilise and volatility calms...," said Chris Beauchamp, Chief...

  • MEXICO CITY, Feb 23- Mexico's economy grew at a more tepid pace than projected in the fourth quarter to cap last year's growth at 2 percent, slowing amid inflation, political uncertainty and declining oil production. "It's a big miss," said Benito Berber, an analyst at Nomura Securities in New York, referring to the quarterly figures. Mexico's economy has grown at...

  • LONDON, Feb 23- Britain is backing a hedge fund that aims to raise $200 million to give developing countries access to climate risk insurance. Britain's Department for International Development is investing 25 million pounds over a 20- year period in the Natural Disaster Fund, managed by Global Parametrics, a DFID spokeswoman said on Friday.

  • *General Mills to buy Blue Buffalo for $8 bln. Feb 23- Wall Street's main indexes rose on Friday, with gains in technology stocks helping claw back some of the week's losses, which were sparked by concerns about interest rates. The Fed's semiannual report to Congress on monetary policy was released ahead of new Chairman Jerome Powell's first public outing next...

  • Feb 23- Symantec Corp said on Friday. it has stopped a program with the National Rifle Association that offered discounts for its LifeLock identity theft product. Symantec is the latest of several companies to cut marketing ties with the gun advocacy group following last week's Florida school shooting massacre, as social media users and gun safety activists...

  • COLUMBUS, Ohio— In a story Wednesday about Washington Prime Group Inc.' s quarterly results, The Associated Press erroneously reported the company's former name. Washington Prime changed its name from WP Glimcher Inc. in 2016.. Washington Prime Group posts 4 Q FFO of $96.6 million.

  • WINSTON-SALEM, N.C.— Millions of BB&T customers were unable to access their accounts after a service outage which the bank blames on an equipment malfunction. An outage map showed the biggest impact targeted much of central North Carolina, Atlanta, the Washington area and Philadelphia. A statement issued Friday said BB&T customers can use their debit, credit...

  • Feb 23- Fitch Ratings on Friday further lowered Brazil's credit rating to below investment grade on concerns over its ballooning fiscal deficit, higher debt burden and delays in social security reform. The rating agency said government of Brazil not putting the social security reform to congressional vote undermines the confidence in the medium-term...

  • *Artificial Intelligence to upstage perennial themes. FRANKFURT, Feb 23- Two words- artificial intelligence- promise to upstage familiar technology industry themes like 5 G, the Internet of Things and virtual reality at next week's Mobile World Congress, Europe's biggest annual technology industry gathering. France's Orange has Djingo; Germany's Deutsche...

  • BUCHAREST, Romania— Romanian anti-corruption prosecutors have demanded that the country's top judicial body defend their reputations, saying the independence of the justice system is at stake. The 135 prosecutors said Friday they had asked the Supreme Council of Magistrates to publicly support them after people with "political functions," claimed the...

  • NEW YORK, Feb 23- Citigroup Inc said on Friday that it had failed to properly reduce interest charges on some 1.75 million credit card accounts since 2011, prompting a $335 million refund to customers later this year. The refund, which will average $190 per account, stems from the bank's discovery that it had not used a proper method for reducing interest charges...

  • RIGA, Feb 23- Latvia's central bank provided an emergency loan to troubled lender ABLV on Friday, offering it a potential lifeline as a European Central Bank deadline approaches for the bank to present a credible survival plan. Latvia, a member of the euro zone that borders Russia, has come under increasing scrutiny recently over allegations that it is a conduit...