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Wires

  • *Spot gold was up 0.3 percent at $1,341.96 an ounce by 0123 GMT. It touched its strongest since Sept. 8 at $1,344.44 on Monday. *Three sources close to European Central Bank policy-making told Reuters that the ECB is unlikely to ditch a pledge to keep buying bonds at next week's meeting as rate setters need more time to assess the outlook for the economy and the euro.

  • SYDNEY, Jan 17- U.S. wheat futures edged higher for the first time in four sessions on Wednesday, though prices continued to linger near more than one-month lows as ample global supplies continued to weigh. *The most active wheat futures on the Chicago Board Of Trade were up 0.1 percent at $4.16-3/ 4 a bushel by 0124 GMT, having closed down 1 percent on Tuesday when...

  • Prices have been driven up by production curbs in OPEC nations and Russia, as well as by healthy demand-growth. Brent crude futures were at $69.35 at 0124 GMT, up 20 cents, or 0.3 percent, from their last close. In an effort to tighten markets and prop up prices, the Organization of the Petroleum Exporting Countries and Russia started to withhold production in...

  • BEIJING, Jan 17- An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square kms, the Chinese government said late on Tuesday, as maritime police scour the area for damage. Satellite imaging showed a slick of 69 square kms and a second 40 square km slick, which is less thick and not as concentrated, the State Oceanic...

  • SHANGHAI, Jan 17- China's central bank set its official yuan midpoint at a more than two-year high on Wednesday at 6.4335 per dollar, underpinned by a solid spot yuan performance a day earlier and broad dollar weakness in global markets overnight. Wednesday's official midpoint was 37 pips, or 0.06 percent, firmer than the previous fix of 6.4372 on Tuesday and was...

  • DETROIT, Jan 16- Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker General Motors Co.. Ford Chief Financial Officer Bob Shanks told analysts at an investor conference in Detroit that higher costs for steel,...

  • TOKYO, Jan 17- The dollar fell to a three-year low against its peers on Wednesday, with an earlier bounce sputtering as the euro edged back after shaking off a potentially negative turn in German politics. The dollar is bound to stay weak when such views prevail, "said Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo. The euro was 0.3 percent...

  • Jan 16- Oracle Corp said on Tuesday it issued a critical patch that provides fixes for certain of its products for Intel Corp chip flaws. The critical patch contains 237 new security fixes across several Oracle products, the company said on its website. http://bit.ly/2mM8rRD. Separately, technology website The Register reported, citing a document in Oracle's...

  • Jan 16- An attempt by Qatar- owned film company Miramax to buy Weinstein Co. has complicated plans to sell the studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, the Los Angeles Times reported on Tuesday, citing people familiar with the matter. But Harvey and Bob Weinstein, who co-founded Weinstein Co. in 2005 and...

  • *Resource shares lead loss in Asia as oil dip on profit-taking. TOKYO, Jan 17- Asian stocks stepped back from a record high on Wednesday as the region's resource shares were dented by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.1...

  • LONDON, Jan 16- Hedge funds and other money managers have boosted their bullish position in oil to a new record, but with crude taking over from fuels as the main target of fresh buying. Hedge funds boosted their net long position in the six most important futures and options contracts linked to crude and fuels by 67 million barrels to a record 1,399 million barrels...

  • SAN FRANCISCO, Jan 16- Alphabet Inc's Google is making its second attempt in less than a year to protect advertisers on its YouTube user channels from being associated with videos featuring violence, gore or bad language. Under the new standards, Google will remove advertising from a "significant" number of YouTube channels, 99 percent of which generated less...

  • NEW YORK, Jan 16- A U.S. judge on Tuesday overturned an arbitrator's ruling allowing about 70,000 women to take part in a nationwide sex discrimination case against Sterling Jewelers Inc even though they had not opted to join. District Judge Jed Rakoff in Manhattan ruled that only women who had opted to join the case against Sterling under Title VII of the Civil...

  • FORD TAKING "MORE FUNDAMENTAL LOOK AT STRATEGY" IN SOUTH AMERICA- EXEC.

  • FORD CONSIDERING "EVERY OPTION YOU CAN IMAGINE" TO REGAIN PROFIT IN SOUTH AMERICA- EXEC.

  • BROOKLYN HEIGHTS, Ohio— The Latest on an Ohio businessman fighting possible deportation to Jordan:. Attorney David Leopold represents Youngstown businessman Amer Othman, who has lived in the United States for 38 years. Ohio Congressman Tim Ryan says in a statement that Youngstown businessman Amer Othman was taken into custody Tuesday at his Immigration and...

  • DETROIT, Jan 16- Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival General Motors Co. Ford Chief Financial Officer Bob Shanks told analysts at an investor conference in Detroit on Tuesday that higher costs for metals and...

  • NEW YORK, Jan 16- Workers at the market that supplies New York City with much of its fresh fruits and vegetables were prepared to go on strike as early as Wednesday for the first time since 1986 if negotiators failed to reach a pay deal before a contract expires at midnight, their union said. I'm not very optimistic that were going to get a settlement, lets put it that...

  • The SEC had accused Rio Tinto, Albanese and Elliott of concealing the deteriorating value of assets at Rio Tinto Coal Mozambique, which the company bought for $3.7 billion in April 2011 and sold three-and-a-half years later for $50 million. According to the SEC, Rio Tinto hid the deterioration while it was raising $5.5 billion from U.S. investors, including $3...

  • *Nov core machinery orders +5.7 pct m/m vs forecast -1.4 pct. TOKYO, Jan 17- Japan's core machinery orders unexpectedly grew for a second straight month in November, posting the fastest gain in four months, underscoring a steady pickup in capital expenditure. "Capital spending has been bullish recently," said Takeshi Minami, chief economist at Norinchukin...