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Wires

  • LONDON, Jan 23- The European Central Bank meets on Thursday against a backdrop of heightened speculation over when it will end its vast stimulus and signal a rise in interest rates from record lows. Just a few weeks ago, the Jan. 25 policy meeting would have promised to be relatively uneventful, coming not long after the ECB unveiled a cut and extension of its asset...

  • LONDON, Jan 23- The European Central Bank meets on Thursday against a backdrop of heightened speculation over when it will end its vast stimulus and signal a rise in interest rates from record lows. Just a few weeks ago, the Jan. 25 policy meeting would have promised to be relatively uneventful, coming not long after the ECB unveiled a cut and extension of its asset...

  • MILAN, Jan 23- Hungarian low-cost airline Wizz Air is interested in Italy's struggling carrier Alitalia but only regarding short and medium-haul routes, Chief Executive Jozsef Varadi told La Repubblica newspaper in an interview. "We are interested in the Italian market... as far as Alitalia is concerned, we are only looking at the parts that are of interest to us,...

  • TOKYO, Jan 23- Japan's central bank kept monetary settings unchanged on Tuesday and offered a more upbeat view on inflation expectations than three months ago, signaling its conviction a strengthening recovery will gradually push price growth to its 2 percent target. Following are comments from BOJ Governor Haruhiko Kuroda at his post-meeting news...

  • TOKYO, Jan 23- Japan's Nikkei share average on Tuesday ended at its highest in more than 26 years, with real estate and precision machinery stocks leading the gains. Earlier in the session, it touched 24,129.34, its highest intraday level since November 1991. The broader Topix gained 1 percent to 1,911.07, after rising to an intraday high of 1,911.31, its highest...

  • TOKYO, Jan 23- Japanese government bond prices edged up on Tuesday after the Bank of Japan kept its monetary policy on hold and largely maintained its economic projections, dropping no hint of a possible exit from its stimulus. The 10- year JGB futures price rose 0.10 point to 150.47 while the benchmark cash 10- year JGB yield dipped 0.5 basis point to 0.070...

  • TOKYO, Jan 23- Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a three-day government shutdown, sending Wall Street's main indexes to record highs, while the dollar inched down against the yen after the Bank of Japan kept policy steady. Spreadbetters expected Britain's FTSE to open 0.3 percent higher, Germany's DAX 0.5 percent and...

  • YANGON, Myanmar— Two detained Reuters journalists are appearing in court after being officially charged with violating Myanmar's Official Secrets Act. A security crackdown has sent more than 680,000 people fleeing to Bangladesh. Rights and media groups have criticized Myanmar's civilian government led by Aung San Suu Kyi for its crackdown on media.

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index jumped 1.3 percent to 24,117.51 and South Korea's Kospi advanced 1.1 percent to 2,529.95. Hong Kong's Hang Seng rose 1.2 percent to 32,766.46 and the Shanghai Composite in mainland China climbed 0.3 percent to 3,513.40. It forecast that the pace will accelerate to 3.9 percent in 2018-19. The IMF noted...

  • WASHINGTON, Jan 23- Republicans on Capitol Hill, who this week are to begin considering economist Marvin Goodfriend for a Federal Reserve board seat, will find much they like in his criticism of Fed bond buying, support for low inflation, and agreement that Congress should put tighter limits on the central bank. With views that are at once old school and...

  • PALESTINE, Texas/ MEXICO CITY, Jan 23- Workers at the Sanderson Farms plant in Palestine, Texas, are cutting up chickens for export to Mexico, a market that has become a pillar of the town's economy and a key focus of the U.S. poultry sector. But the Mexican market may find its way to the chopping block if talks to renegotiate the North American Free Trade Agreement...

  • *GRAPHIC: China seaborne iron ore imports vs SGX price: http://reut.rs/2DWLToF. On the bearish side, port inventories in top importer China are at a record high of 154.3 million tonnes, steel prices are starting to weaken as China's vast property sector shows signs of easing growth, and supply from major exporters Australia and Brazil is expected to increase.

  • While China's refined copper output hit an all-time high in December, Argonaut noted that unwrought copper imports fell by 5 percent in 2017. "The reduced import appetite reflects China's sluggish copper demand, especially in the power sector," it added. *CHINA: China's refined copper output jumped by 16.7 percent year-on-year to a record high in December, as...

  • BRASILIA, Jan 23- Economists' confidence in Latin America's prospects is strengthening ahead of major elections in the region as global growth accelerates, the latest Reuters survey found. The sole exception was Mexico, where interest rates are likely to remain high for longer than previously anticipated. Overall, however, loose monetary policies in rich...

  • BEIJING, Jan 23- China 2017 total trade with North Korea fell 10.6 percent from a year ago to $5.06 billion, final trade numbers from the customs showed on Tuesday. China's imports from North Korea in 2017 slid 33 percent year-on-year to $1.72 billion, customs data showed, while exports to North Korea rose 8.2 pct to $3.33 billion. For December, China exports to North...

  • NEW YORK— The first government shutdown of Donald Trump's presidency spanned 69 hours. The question is who lost the most, "said Republican pollster Frank Luntz. In the short term at least, Senate Democrats— led by Minority Leader Chuck Schumer— were pounded Monday for giving into GOP demands in exchange for a promise from Senate Majority Leader Mitch McConnell to...

  • They relented in return for Republican assurances that the Senate will soon take up the plight of young immigrant "dreamers" and other contentious issues. The House approved the measure shortly thereafter, and President Donald Trump later signed it behind closed doors at the White House. If those talks don't yield a deal in the next three weeks, the Republican...

  • The deal to break through the Senate stalemate over immigration and border security that shut down the government is a bare-bones accord. It provides temporary funding to keep the government operating for just under three weeks. —Short-term funding for the government through Feb. 8.

  • WASHINGTON— As the shutdown of the federal government lumbered toward an end, President Donald Trump remained out of sight, suppressing his instincts to become part of the story by making a deal or picking a fight. The White House defended Trump's hands-off approach to the negotiations, one out of character for a president who made his reputation as the master of "...

  • Jan 23- The U.S. economy is likely to grow in 2018 at its fastest pace in three years, fueled by the biggest tax overhaul since the 1980 s, a majority of economists said in a Reuters poll that also showed they expected the boost to be short-lived. While the $1.5 trillion tax package signed into law by President Donald Trump on Dec. 22 did not lead to a major market reaction,...