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  • NEW YORK, Jan 18- After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters. Federal Reserve officials and many economists have long counted on continued robust consumer spending to keep...

  • NEW YORK/ HOUSTON, Jan 18- Energy fund managers took heavy losses last year with wrong-way bets on the prices of oil and natural gas, leading to a wave of closures in the volatile fund sector. Funds that have suspended operations included high-profile names such as Jamison Capital's macro fund, T. Boone Pickens' BP Capital and Andy Hall's main hedge fund at Astenbeck...

  • NEW YORK/ SAN FRANCISCO, Jan 18- Detained in a California lockup with hundreds of other immigrants seeking asylum, Duglas Cruz faced a choice. But his $1- a-day salary at the privately run Adelanto Detention Facility did not stretch far. That is more than four times the price at a Target store near the small desert town of Adelanto, about two hours northeast of Los...

  • TOKYO, Jan 18- Bank of Japan Governor Haruhiko Kuroda said he expected trade tensions between China and the United States to be resolved this year, a government official said at a key economic panel on Friday. Kuroda said he expected the two countries to reach an agreement on how to fix trade imbalances and protect intellectual property, according to the official.

  • TOKYO, Jan 18- Arrested auto executive Carlos Ghosn improperly received 7.8 million euros in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp, the companies said on Friday. A joint investigation by the companies has found that Ghosn, ousted as chairman from both automakers, received the compensation without discussing it...

  • BEIJING, Jan 18- London copper prices rose for a fourth straight session on Friday, hitting their highest level so far this year, on optimism that the United States and top metals consumer China are closer to resolving their long-running trade dispute. Analysts estimate as much as 1 million tonnes of copper smelting capacity will come on stream in China this year.

  • SHANGHAI, Jan 18- China's yuan was supported against the dollar on Friday after a report raised hopes of a deal in Sino-U.S. trade talks, though the local currency was still on course for its first losing week in more than a month. The Wall Street Journal reported on Thursday that U.S. China's Vice Premier Liu He will visit the United States on Jan. 30 and Jan. 31 for the...

  • TOKYO, Jan 18- Japanese government bond prices edged lower on Friday tracking a fall in U.S. The finance ministry on Friday offered to sell 600 billion yen of off-the-run JGBs with remaining maturities of 5 years to 15.5 years. Treasury yields rose on Thursday with the benchmark 10- year yield reaching near three-week highs as better-than-expected economic...

  • *OPEC says its Dec output fell by 751,000 bpd to 31.58 mln bpd. *But record US production of 11.9 mln bpd undermines OPEC efforts. OPEC, along with some other producers including Russia, cut oil output sharply in December before a new accord to limit supply took effect on Jan. 1, it said on Thursday, suggesting that producers have made a strong start to averting a glut in...

  • BEIJING, Jan 18- Germany welcomes progress in cooperation with China, especially in the financial sector, and aims to spur further development, its finance minister, Olaf Scholz, said in Beijing on Friday. Germany is expected to sign pacts with Chinese financial regulators during Scholz's visit, and its Bundesbank may also conclude an agreement with China on...

  • *Hopes of easing U.S.- China trade conflict limits losses. SINGAPORE, Jan 18- Chicago soybean futures ticked down on Friday with the market poised to finish lower for a second consecutive week on pressure from a lack of Chinese buying. The most-active soybean contract on the Chicago Board Of Trade is down around half a percent this week, the second straight weekly...

  • *Hopes for thaw in US- China trade row lift equities. TOKYO, Jan 18- Asian stocks advanced on Friday as a report of progress in U.S.- China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff...

  • TOKYO, Jan 18- Japan's Nikkei rose on Friday morning to its best level in a month tracking a rally on Wall Street as hopes of a resolution to the U.S.- China trade dispute boosted risk appetite, while motor maker Nidec tumbled on its dismal earnings outlook. Market sentiment was lifted by a Wall Street Journal report that U.S. Treasury Secretary Steven Mnuchin...

  • Meister will join the board on Friday, expanding its size by one to 13 members, MGM said in a statement released late on Thursday. MGM's chief executive officer and chairman, Jim Murren, said the company and Meister have been holding "constructive dialog" over the last several months, and he praised the investor's track record of "helping companies maximize value...

  • BEIJING, Jan 18- London copper prices rose for a fourth straight session early on Friday, hitting their highest level so far this year, on signs the United States and top metals consumer China are closer to resolving their long-running trade dispute. *TRADE: Trade officials from the United States and China are in discussions to reopen China's market to U.S. chicken...

  • *Crises to keep Trump, Macron, May away from Davos. MILAN, Jan 17- An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Donald Trump, who stole the Davos limelight last year with a rare appearance by a...

  • BENGALURU, Jan 18- Palladium held near $1,400 an ounce on Friday after surging to record levels in the previous session on tight supplies and robust demand, while gold stood firm amid a partial U.S. government shutdown. *Spot palladium was up 0.3 percent at $1,400.50 per ounce at 0116 GMT, having hit an all-time high of $1,434.50 on Thursday. *Spot gold was steady at...

  • SYDNEY, Jan 18- U.S. soybean futures edged higher on Friday amid bets the U.S. and China would resolve their long-drawn trade dispute, though the oilseed remained on course to finish the week in negative territory. *Soybeans hit a high of $9.12 a bushel on Thursday- the highest since Jan. 11. Numerous crop watchers have scaled back their harvest forecasts for...

  • *Dec core CPI up 0.7 pct yr/yr vs f'cast +0.8 pct. TOKYO, Jan 18- Japan's annual core consumer inflation slowed to a seven-month low in December as soft household spending kept firms from raising prices, a further sign of the growing challenge faced by the central bank in achieving its elusive 2 percent target. The data underscores the fragile nature of Japan's...

  • Jan 17- Netflix Inc forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world's largest streaming service down 4 percent in after-hours trading. "Results won't push its stock higher from here, with most of the good news already priced in after a massive rally...