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Wires

  • Oct 20- Wall Street opened higher on Friday, with the S&P and the Dow recording new highs, on growth optimism as the Trump administration inched a step closer to implementing its tax-cut plan. The Dow Jones Industrial Average rose 79.88 points, or 0.34 percent, to 23,242.92. The S&P 500 gained 7.96 points, or 0.310683 percent, to 2,570.06.

  • BRUSSELS, Oct 20- Italy's Prime Minister Paolo Gentiloni sought on Friday to quell a controversy over who will be the next governor of the central bank, an issue that has exposed divisions within the ruling Democratic Party. Speaking in a news conference in Brussels, Gentiloni said the decision on the Bank of Italy will be made with the main aim of safeguarding the...

  • VILNIUS, Lithuania— Cold War-era espionage files that were handwritten by Lithuanians who spied for the Soviet Union are being made available online thanks to a state-funded research institute. Terese Burauskaite, director of the Genocide and Resistance Research Center of Lithuania, said Friday the documents ordinary citizens prepared for the KGB reveal "...

  • WARRI, Nigeria— Royal Dutch Shell's Nigeria subsidiary says it has lifted the force majeure imposed on Bonny Light crude oil exports a month ago. It and the Trans-Niger Pipeline are the two major pipelines used by Shell Nigeria to evacuate crude oil from the eastern Niger Delta to the Bonny export terminal. Nigeria's crude oil production in recent months has...

  • OTTAWA, Oct 20- Canadian retail sales unexpectedly fell in August, pointing to a slowdown in growth after a hot first half of the year and bolstering expectations the Bank of Canada will refrain from hiking interest rates again next week. Analysts said the figures were in line with anticipated slower economic growth in the second half of the year after a strong...

  • *Senate passes budget plan that could pave the way for tax cuts. The Republican-controlled Senate approved by a 51- to-49 vote a budget blueprint for the 2018 fiscal year in a pursuit to legislate the tax-cut package without Democratic support. "The good thing is we're seeing incremental positives as we move toward tax cuts," said Art Hogan, chief market...

  • NEW YORK, Oct 20- U.S. longer-dated Treasury yields rose to session highs on Friday in the wake of the U.S. Senate's passage of a budget blueprint for fiscal 2018 which could add up to $1.5 trillion to the federal deficit over the next decade.

  • Oct 20- Consumer goods giant Procter& Gamble Co, which recently declared victory against hedge-fund manager Nelson Peltz's attempt to muscle his way onto the board, reported tepid sales that missed Wall Street estimates. Sales in the grooming business fell more than analysts' had anticipated despite P&G cutting prices on tough competition from upstarts like...

  • BRUSSELS, Oct 20- EU antitrust officials carried out a raid this week at the offices of a German carmaker, the European Commission said on Friday.

  • Republican senator Rand Paul on Friday appeared to back the Trump administration's sweeping tax cut plan, saying he was "all in" for massive tax cuts even as the Senate passed a key budget measure without his support one day earlier. On Thursday, the Republican-controlled Senate approved the budget resolution for the 2018 fiscal year, with Paul casting the lone...

  • FRANKFURT, Germany— The economy of the 19 countries that use the euro currency is growing ever stronger, and it's time for the European Central Bank to start telling the public how it will phase out its extraordinary stimulus measures. But rest assured: The era of easy money isn't ending just yet in Europe, say analysts. In practical terms the bank's stance means...

  • PANAMA CITY _ Banco Latinoamericano de Comercio Exterior SA on Friday reported third-quarter profit of $20.5 million. The bank, based in Panama City, said it had earnings of 52 cents per share. The bank created in South and Central America to provide trade financing posted revenue of $58.2 million in the period.

  • *Air Berlin aircraft grounded at Keflavik airport. FRANKFURT/ BERLIN, Oct 20- An Air Berlin airliner was grounded at Iceland's Keflavik airport late on Thursday because the insolvent German carrier had not paid its airport charges, Keflavik operator Isavia said in a statement. "We have told Keflavik airport repeatedly that any outstanding demands of payment...

  • WASHINGTON, Oct 20- The United States does not aim to impede European trade and business transactions with Iran despite President Donald Trump's decision last week to decertify the 2015 nuclear agreement, Secretary of State Rex Tillerson told the Wall Street Journal. European Union leaders in Brussels on Thursday highlighted the need to protect their...

  • NEW YORK, Oct 20- General Electric Co Chief Executive John Flannery said Friday investors can expect "sweeping change" from his review of the businesses, and that the industrial conglomerate will focus on profit, cash generation and accountability of employees.

  • LONDON, Oct 20- Adidas has launched the first of six planned city-themed running shoe models in London as it capitalises on its first Speedfactory, which it has opened in Germany and equipped with time-saving robotics. After London it plans shoe models inspired by Paris, New York, Los Angeles, Tokyo and Shanghai. Adidas relies on more than one million workers in...

  • LONDON, Oct 20- So what's become of the United States' national security investigation into steel imports? Delays may be to fine-tune any sanctions to minimise collateral damage to "friendly" trading partners while focusing on China. The 25 million tonne drop year on year is equivalent to closing every steel mill in Italy, Europe's second-largest producer...

  • OTTAWA, Oct 20- Canada's annual inflation rate rose to the highest in five months in September on higher prices for gasoline and food, moving closer to the central bank's target, data from Statistics Canada showed on Friday. Underlying measures of inflation watched by the Bank of Canada also firmed, with CPI trim, which excludes upside and downside outliers,...

  • *Kirkuk flows to Ceyhan still at around 200,000 bpd. Oil exports from Iraq's Kurdistan via the Turkish port of Ceyhan were flowing at average rates on Friday of 216,000 barrels per day, down from the usual flows of around 600,000 bpd, a shipping source said. Iraqi troops regained control of two major oilfields northwest of Kirkuk from Kurdish Peshmerga forces...

  • MANITOWOC, Wis. _ County Bancorp Inc. on Friday reported third-quarter earnings of $3.6 million. The bank, based in Manitowoc, Wisconsin, said it had earnings of 52 cents per share. County Bancorp shares have climbed 12 percent since the beginning of the year.