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  • BEIRUT, April 19- Lebanon's finance minister said on Thursday that Lebanese banks should play a role in reducing the state's budget deficit to complement measures planned by the government to rein in public spending. Ali Hassan Khalil, in a televised interview, signalled government plans to cut the public-sector wage bill, saying a ceiling must be put on wages,...

  • NEW YORK, April 18- Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. Others sued include ESL President Kunal Kamlani; Bruce Berkowitz and his Fairholme...

  • The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other two countries last year to replace the 25- year-old North American Free Trade Agreement. The trade deal's success or failure in Congress could be determined by how it is...

  • CHICAGO, April 18- U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. The U.S. Department of Agriculture reported China bought 23,473 tonnes of U.S. pork in the week ended April 11, accounting for 71 percent of total U.S. weekly export sales.

  • Nathan had been asked to hold Musk in contempt over a Feb. 19 tweet that the SEC said violated an earlier settlement with the agency. The SEC sued Musk last year after he tweeted on Aug. 7 that he had "funding secured" to take Tesla private at $420 per share. In February, the SEC accused Musk of violating that settlement by sending a tweet about Tesla's production that had...

  • NEW YORK, April 18- Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Musk's use of Twitter, according to a court filing Thursday. A federal judge in Manhattan on April 4 ordered Musk and the agency, which had previously asked to hold Musk in contempt of court for...

  • On Wednesday, Canadian Transport Minister Marc Garneau called for pilots to receive simulator training for Boeings new 737 MAX software, going beyond a draft report by a U.S. Federal Aviation Administration- appointed board, which recommended additional training without requiring a simulator. Boeing is working to deliver to global regulators a software...

  • April 18- Satellite operator Intelsat S.A. said on Thursday one of its satellites made by Boeing Co has failed due to an anomaly related to its propulsion system. The company, which disclosed a service outage on its 29 e satellite on April 10, said a failure review board has been convened with Boeing to complete an analysis of the cause of the anomaly.

  • *Soybean market eyes Latam crops, swine fever in China. In the United States, soybean inventories have swelled as the U.S.- China trade has hurt shipments of American soy to Chinese buyers. China instead made purchases from Brazil, which is expected to harvest a bigger-than-expected crop and remain stiff competition for global export sales.

  • The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, signed by President Donald Trump and the leaders of the other two countries last year to replace the 25- year-old North American Free Trade Agreement. The trade deal's success or failure in Congress could be determined by how it is expected...

  • April 18- Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings. IPO market as ride-hailing company Uber Technologies Inc prepares for its highly anticipated debut, particularly with shares in smaller rival...

  • SAN JUAN, April 18- A judge on Thursday ordered banks to comply with a request from Puerto Rico's federally created financial oversight board to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The Bank of New York Mellon, Bank of America Corp, JP Morgan Chase Bank, and U.S. Bank objected to the board's request last...

  • CARACAS, April 18- U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's $50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island's offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts...

  • CALGARY, Alberta, April 18- Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday. The Trans Mountain expansion project would nearly triple the amount of crude flowing from Alberta's oil sands to British Columbia's coast, but has...

  • April 18- Industrials led the S&P 500 and the Dow moderately higher on Thursday in the wake of robust U.S. economic data and a string of healthy corporate earnings reports.

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • NEW YORK, April 18- The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called "profit recession" this year because predicted economic bad news has failed to materialize. The quarter could be the trough for "this mini down cycle," said Keith Lerner,...

  • April 18- Japan has extradited a father and son to the United States to face charges in Las Vegas over their alleged roles in a $1.5 billion Ponzi scheme that bilked thousands of Japanese residents. The U.S. Department of Justice on Thursday announced the extradition of Junzo Suzuki and Paul Suzuki five months after the conviction of Edwin Fujinaga, the former...

  • *President warns Ukraine risks default. PrivatBank was nationalized as part of a clean-up of the banking system backed by the International Monetary Fund, which supports Ukraine with a $3.9 billion loan program. Ukraine's dollar-denominated bonds fell more than 1 percent after the ruling by a Kiev court as President Petro Poroshenko said in a televised...

  • KIEV, April 18- Ukrainian tycoon Ihor Kolomoisky said on Thursday he expects some "odious individuals" at the central bank could be removed from office if presidential front-runner Volodymyr Zelenskiy wins Sunday's run-off election. Critics of Zelenskiy, a comedian with no political experience but who is leading President Petro Poroshenko according to...