×

Wires

  • *Dollar bounces back ahead of Fed's Jackson Hole meeting. London copper rose to a three-year high, zinc held close to its highest in a decade and nickel reached a 2017 high as mostly technical signals prompted speculators and funds to pour more cash into base metals. "There's nothing really fundamental to drive things onwards from here, so I think it's a bit of...

  • *Vanquis Bank under investigation by FCA. Aug 22- Provident Financial had almost 2 billion pounds wiped off its market value after its second profit warning in quick succession prompted the departure of CEO Peter Crook and suspension of its dividend. The British sub-prime lender's earnings have been hit by unresolved problems at its door-to-door lending...

  • NEW YORK, Aug 22- Verizon Communications Inc said on Tuesday that it was introducing a cheaper unlimited mobile data plan with some limits as it tries to lure customers away from rival wireless carriers. It allows Verizon to slow down consumers' data speeds in times of congestion and does not include calling and data in Mexico and Canada. "While entry-level...

  • WASHINGTON— It was dragons vs. zombies in fiery combat during this week's "Game of Thrones," a battle that likely provides just a hint of what lies ahead in HBO's hit series. The Associated Press' economics team explores this question, as well as the growing rivalry between sisters Sansa and Arya Stark, in the latest episode of our audio series, "The Wealth of Westeros."

  • LONDON, Aug 22- Britain's airports could see passenger numbers plunge by as much as 40 percent unless the government strikes an interim aviation deal with the European Union by October 2018, according to an industry report seen by Reuters on Tuesday. The study, commissioned by leading British airports including London's Heathrow and Gatwick, said flights...

  • VIENNA, Aug 22- Austria's Transport Minister Joerg Leichtfried said on Tuesday he had agreed with carmakers to update the software of 600,000 diesel cars to reduce pollution following a similar deal struck in Germany after a large-scale emissions scandal. The Transport Ministry said representatives of Mercedes-Benz, BMW, Kia, Ford, Renault, Porsche,...

  • LONDON, Aug 22- Broad gains for the dollar pushed sterling back towards lows from early July on Tuesday, the British currency weighed down by an uncertain economic outlook that has quashed expectations of a rise in Bank of England interest rates. "The UK is front and centre of the press with ongoing developments. In a market that is this quiet, one could argue that it...

  • DETROIT— A dangerous Takata air bag should have been recalled before going from a wrecked car to a salvage yard, eventually ending up in a 2002 Honda Accord and nearly killing a Las Vegas woman, a lawsuit alleges. It's unclear just how many faulty Takata inflators are being used in refurbished vehicles, but Honda, once Takata's biggest customer, says it has bought...

  • TUNIS, Aug 22- Libya's Sharara oilfield, the country's largest, shut on Tuesday hours after reopening following a three-day pipeline blockade, an oil official said. A statement from National Oil Corp announcing the end of the earlier shutdown and the lifting of force majeure on loadings of crude from Sharara at Zawiya was no longer available on its website.

  • "Ask Brianna" is a column from NerdWallet for 20- somethings or anyone else starting out. I'm here to help you manage your money, find a job and pay off student loans— all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to askbrianna@nerdwallet.com.

  • *Final dividend rises to $0.43 from $0.14. It generated more cash than even in some years of the mining boom, slashed net debt by nearly $10 billion to $16.3 billion and tripled its final dividend to $0.43 a share. Underlying profit of $6.7 billion was below expectations for $7.4 billion, according to Thomson Reuters I/B/E/S, but the market focused on the lower debt...

  • RIO DE JANEIRO, Aug 22- The privatization of Brazilian electric utility Eletrobras could raise up to 20 billion reais, Mining and Energy Minister Fernando Coelho Filho told Reuters, adding that the process may involve the sale of new shares. The interview followed an Energy and Mines Ministry statement, which said the model and terms of the Eletrobras...

  • *Hungarian bonds firm slightly, bucking retreat in Poland. *OTP Bank shares drive Budapest index to record high. BUDAPEST, Aug 22- The forint recouped some of its early losses on Tuesday as the Hungarian central bank did not try to talk down the currency even though it retained its dovish bias in its statement after its rate decision.

  • NEW YORK— Stocks around the world pushed higher Tuesday, as markets continued to gain strength following a shaky run the last couple of weeks. Shares of retailers and metals companies helped lead the way in the United States. Central bankers from around the world will meet at the end of the week at a symposium in Jackson Hole, Wyoming, but analysts are unsure whether...

  • *Yellen's speech at Jackson Hole on Friday awaited. Aug 22- U.S. stocks opened higher on Tuesday, with the Dow gaining more than 100 points, as investors went bargain hunting following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week. "The market is in a little bit of a wait-and-see mode as we go into Jackson Hole...

  • VIENNA, Aug 22- Austria's Transport Minister Joerg Leichtfried said on Tuesday he had agreed with carmakers to update the software of 600,000 diesel cars to reduce pollution following a similar deal struck in Germany after a large-scale emissions scandal. He said that for potential buyers of electric cars all available financial help could add up to around...

  • Benchmark Brent crude was up 30 cents at $51.96 a barrel by 1345 GMT. "If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia," he added. The Organization of the Petroleum Exporting Countries and non- OPEC producers including Russia have pledged to hold back...

  • LONDON— Britain says rules governing judicial cooperation with the European Union should stay much as they are now after Brexit to prevent international business disputes and divorce battles from becoming longer and more complicated. Britain's Department for Exiting the European Union says the country wants to "mirror closely the current EU system"...

  • *Vanquis Bank under investigation by FCA. Aug 22- Provident Financial had almost 2 billion pounds wiped off its value after its second profit warning in quick succession prompted the departure of CEO Peter Crook and suspension of its dividend. The British sub-prime lender's earnings have been hit by unresolved problems at its door-to-door lending business,...

  • OTTAWA, Aug 22- Canadian retail sales cooled in June after three consecutive months of solid growth, but analysts said the economy's overall tone was still strong enough to warrant another interest rate hike this year. The strength of the economy this year helped spur the Bank of Canada last month to raise rates for the first time in nearly seven years.