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Wires

  • BEIJING, Nov 22- Smartphone maker Apple Inc and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labor laws. The students worked voluntarily in the factory for more than 11 hours a day as part of a school internship program at a plant run by Hon Hai...

  • BEIJING, Nov 22- Smartphone maker Apple Inc and its biggest manufacturing partner on Wednesday said that a small number of students were discovered working overtime in its Chinese factory, violating local labour laws. The students worked voluntarily in the factory for more than 11 hours a day as part of a school internship programme at a plant run by Hon Hai...

  • LONDON, Nov 22- The British government will look into ways to reduce plastic waste through the tax system and charges on single-use plastic items, finance minister Philip Hammond said on Wednesday during his budget speech to parliament.

  • WEST WARWICK, R.I. _ AstroNova Inc. on Wednesday reported fiscal third-quarter earnings of $1.4 million. The West Warwick, Rhode Island- based company said it had net income of 21 cents per share. AstroNova shares have fallen 14 percent since the beginning of the year.

  • LONDON, Nov 22- Britain slashed its official forecasts for economic growth and expects to borrow sharply more going into the next decade, finance minister Philip Hammond said on Wednesday as he delivered a budget statement in parliament. Slower economic growth will mean lower tax revenues, giving Hammond little room for the kind of bold budget moves many in his...

  • *Wall Street set to open slightly firmer on eve of holiday. Wall Street looked set for another upbeat session, with Dow Jones stock futures trading slightly higher. Emerging markets too were on a roll, with the main equity benchmark touching new six-year highs and little sign of spillover from Turkey where the lira plumbed a new record low.

  • NEW YORK, Nov 22- At a retirement community near Chicago, Jay Schachner and his friends are nervously awaiting the fate of their medical expenses amid U.S. tax overhaul. "Everyone is running scared, frankly," said Schachner, an 86- year-old retired property law attorney who lives in a planned senior-living community in Chicago. About 75 percent of Americans who take...

  • LAGOS, Nov 22- Facebook will open a "community hub space" in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a training program in fast-growing Africa. Facebook did not provide details of the period over which its planned training would take place in Nigeria, which is Africa's...

  • LONDON, Nov 22- Britain's government will end up borrowing far more by the early years of the next decade than previously forecast, finance minister Philip Hammond said on Wednesday. While the budget deficit forecast for the current 2017/ 18 fiscal year was cut to 49.9 billion pounds from a previous forecast of 58.3 billion pounds, Hammond said there would still...

  • BAGHDAD— Iraq and General Electric have signed a deal to develop Iraq's power infrastructure, which would help bring much-needed electricity to areas facing significant shortages across the country. GE says the substations will hook up power plants in the provinces of Ninevah, Salahuddin, Anbar, Baghdad, Karbala, Qadissiyah and Basra to the national grid.

  • *Wall Street set to open slightly firmer on eve of holiday. Wall Street looked set for another upbeat session, with Dow Jones stock futures trading slightly higher. Emerging markets too were on a roll, with the main equity benchmark touching new six-year highs and little sign of spillover from Turkey where the lira plumbed a new record low.

  • Deere said equipment net sales in the United States and Canada surged 23 percent in the fourth quarter ended Oct. 29, while sales in other markets jumped 30 percent. "We saw higher overall demand for our products with farm machinery sales in South America making especially strong gains and construction equipment sales rising sharply," Deere Chief Executive...

  • FRANKFURT, Nov 22- Air Berlin bondholders are unlikely to recover more than 1 percent of outstanding debt following the German airline's insolvency, Frank Kebekus, an Air Berlin administrator, said according to German weekly WirtschaftsWoche. Air Berlin's bonds are worth a total of 2.1- 2.2 billion euros, he said. Another Air Berlin administrator, Lucas...

  • LONDON, Nov 22- Britain has cut its official forecasts for economic growth, finance minister Philip Hammond said on Wednesday as he delivered a budget statement in parliament. Hammond told parliament the Office for Budget Responsibility saw growth in 2018 at 1.4 percent, compared with the previous forecast of 1.6 percent. Slower economic growth will mean...

  • LONDON, Nov 22- The British government is setting aside 3 billion pounds for Brexit preparations in addition to funds allocated previously, finance minister Philip Hammond said on Wednesday during his budget speech to parliament.

  • *OPEC, allies meet next week in Vienna. DUBAI/ LONDON, Nov 22- Top crude exporter Saudi Arabia is lobbying oil ministers to agree next week on a nine-month extension to OPEC- led supply cuts, sources familiar with the matter said, as Riyadh seeks to ensure a price-sapping glut is eradicated. Indications of support for a nine-month extension have come from the very top...

  • KIEV, Nov 22- Ukraine's government on Wednesday backed the appointment of new members to the supervisory board of state energy firm Naftogaz, a move welcomed by the European Bank for Reconstruction and Development as a sign of commitment to reform. In September, Ukraine's financial and political backers expressed concern after Naftogaz's two remaining...

  • Nov 22- A jump in U.S. crude prices prodded Wall Street futures higher on Wednesday, with traders' eyes on a slide in Hewlett Packard shares after its chief executive said she would leave, as well as minutes from the Federal Reserve's latest policy meeting. The CBOE Volatility index, Wall Street's fear gauge, fell to its lowest in more than two weeks.

  • WINNSBORO, S.C.— A South Carolina county has voted to sue one of the utilities that abandoned construction on two nuclear reactors, calling the company decision a breach of contract. The Post and Courier of Charleston reported that the Fairfield County Council voted Tuesday to sue SCANA Corp. over the cancellation of the reactors in Jenkinsville, about 25 miles...

  • COPENHAGEN, Nov 22- The Icelandic economy, known for its often dramatic ups and downs, is now slowing down after years of strong growth- and that's good, its chief central banker told Reuters. One of the countries hit hardest by the 2008 financial crisis, Iceland has lately enjoyed an economic rebound fueled by a tourism boom. It now expects the economy to expand 3.7...