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Wires

  • Former finance minister Jose Antonio Meade, 48, nominated on Sunday by the ruling Institutional Revolutionary Party, trails behind Lopez Obrador by as much as 20 points. Lopez Obrador told several hundred Morena supporters gathered at a Mexico City hotel that Trump's plan for a U.S.- Mexico border wall is unnecessary and bound to leave problems unresolved.

  • LONDON, Feb 18- Britain could reduce the burden of university fees on students and bring back grants for their living expenses, Prime Minister Theresa May will say on Monday, under pressure to lure younger voters a year after they cost her parliamentary majority. May's predecessor David Cameron, a fellow Conservative, tripled the cost of tuition for students...

  • SAN JUAN, Puerto Rico— Puerto Rico's power company said Sunday that it will reduce its operating reserve to save money amid a cash shortfall as officials warned the move could destabilize the U.S. territory's fragile electrical grid. William Rios, director of generation at Puerto Rico's Electric Power Authority, said a plan to reduce its reserve by 450...

  • *U.S. to sell $151 bln in bills, $107 bln in notes. NEW YORK, Feb 18- Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week. The Treasury Department began ramping up its debt issuance earlier...

  • MENLO PARK, Calif.— Facebook will soon rely on centuries-old technology to try to prevent foreign meddling in U.S. elections: the post office. Baffled in 2016 by Russian agents who bought ads to sway the U.S. presidential campaign, Facebook's global politics and government outreach director, Katie Harbath, told a meeting of the National Association of...

  • MEXICO CITY, Feb 18- Political parties in Mexico formally picked as presidential candidates on Sunday a leftist veteran politician with a strong lead in polls and a former finance minister of the ruling party who has trailed by as much as 20 points. Lopez Obrador, a former Mexico City mayor, has held a double-digit lead in most polls since last year and his support...

  • "Three Billboards Outside Ebbing, Missouri" has capped a winning evening at the British Academy Film Awards by taking the trophy for best picture. The British Academy Film Awards are Britain's equivalent of the Oscars. Frances McDormand has won the best actress prize at the British Academy Film Awards for her performance as a bereaved mother in "Three...

  • *Governor Rimsevics also sits on ECB Governing Council. RIGA, Feb 18- Latvia's anti-corruption agency has detained central bank Governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investigation. But in a statement sent to Reuters he did not say why Rimsevics, a member of the European Central Bank's interest rate-setting Governing...

  • BERLIN, Feb 18- The secretary general of Chancellor Angela Merkel's Christian Democrats, Peter Tauber, is giving up his job after a period of illness, party sources said on Sunday. Tauber took no part in coalition negotiations with the Social Democrats this year and wanted to clear the way for a new secretary general to be elected at a CDU party congress on Feb. 26, the...

  • LOS ANGELES, Feb 18- Disney-Marvel's "Black Panther" is heading for a super-heroic $218 million debut over the four-day President's Day weekend at 4,020 North American locations, estimates showed Sunday. That number means that "Black Panther," starring Chadwick Boseman and directed by Ryan Coogler, has doubled its original tracking in less than a month.

  • *Nippon Steel fears U.S. action may flood Asia with steel. TOKYO, Feb 19- Nippon Steel& Sumitomo Metal Corp, Japan's biggest steelmaker, is worried that potential U.S. trade action to cut steel imports could flood Asia with products and that the yen's recent surge may hurt customers such as carmakers. "If any measure comes, it will loosen steel markets, sending supplies...

  • DUBAI/ KHOBAR, Saudi Arabia, Feb 18- Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for struggling companies seeking to restructure debt...

  • NEW YORK— A wave of feverish anticipation, fawning critical acclaim and groundbreaking cultural meaning pushed "Black Panther" to a record-setting $192 million debut in U.S. and Canada theaters, firmly establishing the superhero sensation as a box-office landmark. The Marvel film from the Walt Disney Co. blew past expectations to become the...

  • NEW DELHI/ MUMBAI, Feb 18- The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies. The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi...

  • NEW YORK— For families who have searched years for missing loved ones, donating a sample of their DNA is often a last, desperate act to confirm their worst fears. New York City's medical examiner is leading a nationwide effort to collect genetic material and match it with unidentified human remains. "Part of you hopes they never call you, because if they call, that...

  • *Aseman Airlines plane crashed 50 minutes after take-off. DUBAI, Feb 18- All 65 passengers and crew were feared dead in a plane crash in central Iran on Sunday after the domestic flight came down in bad weather in a mountainous region. The Aseman-operated plane crashed near the town of Semirom after taking off from Tehran's Mehrabad airport, emergency services...

  • Places such as Pittsburgh, Philadelphia and Detroit are touting their populations of people of color to chief executives and other corporate officials as part of being open for business. "For Pittsburgh and southwestern Pennsylvania, ethnic and racial diversity has been an integral part of our history and a rich part of our narrative," said Stefani Pashman, CEO...

  • *Governor Rimsevics also sits on ECB Governing Council. RIGA, Feb 18- Latvia's anti-corruption agency has detained central bank governor Ilmars Rimsevics, prompting calls for him to step aside while he is under investigation. In a statement to Reuters, Latvia's Prime Minister Maris Kucinskis did not say why Rimsevics, a member of the European Central Bank's...

  • *Dubai hit by weak property prices, mediocre quarterly earnings. DUBAI, Feb 18- Dubai's stock market again underperformed in a sluggish Gulf on Sunday while local institutional investors boosted Qatar and Egypt rose after an interest rate cut at the end of last week. The Dubai index fell 1.2 percent in thin trade to its lowest level since November 2016 as real...

  • NEW YORK— Kenneth Chenault was chief executive officer and chairman of American Express until January 31. In his last interview before retiring, Chenault talked to The Associated Press about the new tax law, being a black CEO, and what greater competition means for AmEx. A: I think that a lower corporate tax rate will in fact spur the economy in the long term, and for...