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  • Jan 16- Goldman Sachs topped analysts' revenue estimates on Wednesday as stronger equities trading revenue cushioned bond trading losses, making it the only Wall Street bank so far to show growth in fourth-quarter trading revenue. Equities trading revenue jumped 17 percent to $1.60 billion, while bond trading revenue slid 18 percent to $822 million, far from...

  • Jan 16- U.S. stock futures pointed to higher open on Wednesday, lifted by strong quarterly results from Bank of America and Goldman Sachs. The confidence motion, called by opposition Labour Party leader Jeremy Corbyn after lawmakers rejected May's Brexit deal by 432-202, will be held at 1900 GMT, or 2:00 p.m. ET. Trade Representative Robert Lighthizer assured...

  • Jan 16- Bank of New York Mellon Corp beat Wall Street estimates for fourth-quarter profit on Wednesday, as it earned more in fees from servicing assets that clients keep with the bank and kept a tight lid on expenses. A 10 percent rise in total fee revenue to $3.15 billion lifted overall revenue by 7.5 percent to $4 billion. Net income applicable to common...

  • Jan 16- Goldman Sachs reported an increase in trading revenue on Wednesday, the first Wall Street bank so far to show growth in that business during the fourth quarter as a rise in equities trading revenue offset losses from bond trading. The bank said net earnings attributable to common shareholders reached $2.32 billion or $6.04 per share in the three months...

  • *OPEC- led supply cuts have supported crude prices. *Surging U.S. stocks may undermine OPEC efforts. The forecast could undermine oil markets which have been receiving support from supply cuts by the Organization of the Petroleum Exporting Countries, including top exporter Saudi Arabia, and major non- OPEC producer Russia.

  • LONDON, Jan 16- World equity markets on Wednesday held their nerve after the heavy parliamentary defeat of British Prime Minister Theresa May's Brexit deal as investors saw potential for legislative deadlock forcing London to delay its departure from the EU. May's government faces a no confidence vote at 1900 GMT after the shattering rejection of her Brexit...

  • NEW YORK, Jan 16- BlackRock Inc, the world's largest asset manager, reported lower-than-expected quarterly profits on Wednesday, as price cuts and market turmoil overshadowed strong sales of relatively low-cost funds. Overall, the company sold $43.6 billion in stock, bond and other long-term investment funds, more than the $10.6 billion sold the quarter prior.

  • BANK OF AMERICA CFO SAYS BANK SEES NOTHING IN ITS BUSINESS THAT SUGGESTS A SLOW DOWN IS IMMINENT.

  • BANK OF AMERICA CORP CFO PAUL DONOFRIO SPEAKING TO MEDIA ABOUT FOURTH-QUARTER RESULTS.

  • LONDON, Jan 16- Prime Minister Theresa May on Wednesday will try to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave. The confidence motion, called by opposition Labour Party leader Jeremy Corbyn after lawmakers...

  • Jan 16- Bank of America Corp reported better-than-expected fourth-quarter profit as higher interest income and loan growth eclipsed declines in revenue from investment banking and bond trading, sending its shares up 3 percent. Total net interest income- the difference between what a lender earns on loans and pays on deposits- rose 7.3 percent to $12.3...

  • *UK PM May loses historic vote, no-confidence motion called. LONDON, Jan 16- The euro hit a seven-week low against the pound and fell against the dollar on Wednesday, pushed lower by worries about the euro zone economy while sterling was strong ahead of a no-confidence vote on British Prime Minister Theresa May's government. May faced the vote on Wednesday after a...

  • Jan 16- U.S. financial technology provider Fiserv Inc said on Wednesday it will buy payment processor First Data Corp in a $22 billion all-stock deal.

  • Jan 16- Pokemon Go creator Niantic Inc said on Wednesday it had raised $245 million in a new round of financing bringing its valuation to nearly $4 billion. The Series C financing round was led by IVP with additional strategic investments from aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV, and Samsung Ventures, the company said.

  • LONDON, Jan 16- The British government and UK politics have rarely been in a more shambolic state, but Brexit chaos may not be the disaster for sterling you might think. The Bank of England won't raise rates this year either, and will only hike a quarter of a percentage point by August next year, according to money market pricing. Prime Minister Theresa May suffered...

  • LONDON, Jan 16- Nickel touched a 10- week high on Wednesday as falling stockpiles and a sharp tightening of time spreads suggested an undersupplied market. Benchmark nickel on the London Metal Exchange was down 0.2 percent at $11,650 a tonne at 1146 GMT after reaching $11,770, its highest level since Nov. 8. It has been caught up in a broader slide in industrial...

  • The world's biggest hotel chain said the new brand, Marriott Bonvoy, will replace the existing loyalty programs Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest- integrating the three brands into one name, with the launch on Feb. 13. Regis luxury hotel brands, disclosed earlier this month that fewer than 383 million customer records were...

  • President Donald Trump's new pick to run the Environmental Protection Agency on Wednesday over his past coal lobbying, but have little hope of blocking his confirmation in the Republican-controlled Senate. Trump nominated EPA Acting Administrator Andrew Wheeler to run the agency permanently last week, a pick that could provide him another avid supporter...

  • CARACAS, Jan 16- Yusneiker and Anthonella have been living with their grandmother since their father left Venezuela and its collapsing economy last year for Peru, to try and earn enough to feed them. Two years earlier, their mother fled for the Dominican Republic for the same reason. Yusneiker, 12, and Anthonella, 8, are eating better thanks to hard currency...

  • Jan 16- Bank of America Corp reported fourth-quarter profit that more than tripled from a year earlier, when it took a $2.9 billion charge related to changes in the U.S. tax law. Net income applicable to common shareholders rose to $7.04 billion, or 70 cents per share, in the fourth quarter ended Dec. 31 from $2.08 billion, or 20 cents per share, a year earlier.