×

Wires

  • DUBAI, Jan 23- Citigroup has won formal approval from Saudi Arabia's Capital Market Authority to begin investment banking business there, the U.S. bank said on Tuesday. "Saudi Arabia is a regional economic leader and a strategically important market for Citi," Citigroup chief executive Mike Corbat said in a statement. Citigroup pulled out of Saudi Arabia after...

  • *Sterling tops $1.40 for first time since Brexit vote. New records in Asia and then a solid start for Europe's major bourses ensured it was a 12th high of the year for MSCI's 47- country gauge of world stocks as its January surge continued. There was also a lift from Japan as its central bank said it would keep its stimulus flowing.

  • MOSCOW, Jan 23- The negative capital of Russia's Promsyvazbank totalled 134.12 billion roubles as of Dec. 25 last year, a regulatory filing showed. Russia's banking sector is under intense scrutiny after the central bank was forced to rescue three of the country's biggest private lenders in the second half of last year. The Russian Finance Ministry said last...

  • *Comes months after deal for George Clooney's brand. Jan 22- Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit. The deal comes five months after Diageo bought George Clooney's Casamigos tequila for up to $1 billion.

  • BEIJING _ New Oriental Education& Technology Group Inc. on Tuesday reported fiscal second-quarter earnings of $4.3 million. On a per-share basis, the Beijing- based company said it had net income of 3 cents. For the current quarter ending in March, New Oriental said it expects revenue in the range of $591.1 million to $604.2 million.

  • LAUSANNE, Switzerland _ Logitech International SA on Monday reported fiscal third-quarter profit of $80.8 million. On a per-share basis, the Lausanne, Switzerland- based company said it had net income of 48 cents. Logitech shares have risen 12 percent since the beginning of the year.

  • HOQUIAM, Wash. _ Timberland Bancorp Inc. on Monday reported fiscal first-quarter earnings of $3.6 million. The holding company for Timberland Bank posted revenue of $13.2 million in the period. Timberland Bancorp shares have risen almost 5 percent since the beginning of the year.

  • BRUSSELS, Jan 23- European Union finance ministers confirmed on Tuesday that eight jurisdictions were removed from the bloc's blacklist of tax havens, one month after the list was set up. Barbados, Grenada, the Republic of Korea, Macao, Mongolia, Panama, Tunisia and the United Arab Emirates are the jurisdictions that have been delisted "following commitments made...

  • LONDON, Jan 23- Shares in easyJet soared on Tuesday after a quarterly revenue rise showed the British budget airline had benefited as rivals struggled, in the first trading update under new boss Johan Lundgren. The industry was reshaped last year after British holiday carrier Monarch collapsed, Germany's Air Berlin and Italy's Alitalia went into...

  • *Indices in Budapest, Warsaw reach record high on banks Tehcnical factors also help Budapest blue chips. The Warsaw stock exchange's main index rose by almost one percent to an all-time high and the blue chip index reached its highest level since mid-2011, driven Other regional indices gained less, but Budapest set another record high, driven by a continuing...

  • PARIS, Jan 23- Carrefour's new chief executive promised to slash costs, step up e-commerce investment in the face of competition from Amazon and open up Carrefour China to local investors, sending its shares higher on Tuesday. Alexandre Bompard, at the helm only since July and tasked with boosting cash flow, promised to invest 2.8 billion euros in digital...

  • BRUSSELS— The European Union is taking eight countries and jurisdictions off its tax avoidance blacklist after they made commitments to meet EU requirements. Barbados, Grenada, Macao, Mongolia, Panama, South Korea, Tunisia and the United Arab Emirates were removed after agreeing to tighten their tax laws. French Finance Minister Bruno Le Maire said Tuesday...

  • LONDON, Jan 23- European shares rose to new highs on Tuesday after U.S. senators struck a deal to end a three-day government shutdown. Euro zone stocks reached their highest in a decade, with Germany's DAX jumping more than 0.9 percent at the open to touch a record 13,597 points. Investors cheered plans by Europe's biggest retailer Carrefour to slash costs, open its...

  • TOKYO, Jan 23- Eleven countries aiming to forge a new Asia-Pacific trade pact after the United States pulled out of an earlier version will hold a signing ceremony in Chile in March, Japan's economy minister said on Tuesday in a big win for Tokyo. An agreement is a huge plus for Japanese Prime Minister Shinzo Abe's government, which has been lobbying hard to save the...

  • LONDON, Jan 23- Sterling briefly pushed above the $1.40 mark on Tuesday, extending a rally in which growing optimism about the UK economy and protracted dollar weakness have trumped worries about the terms of Britain's exit from the European Union. Many investors are also betting that Britain can secure a favourable deal with Brussels to leave the EU, helping to...

  • VIENNA, Jan 23- Former Formula One champion Niki Lauda has agreed to buy back the Niki airline he founded after his bid was chosen ahead of an offer from British Airways owner IAG, the Austrian company's administrators said on Tuesday. A previously agreed sale of Niki to IAG fell through this month after two courts ruled that the insolvency proceedings had to move...

  • *FTSE 100 up 0.2 pct. The FTSE rose 0.2 percent by 0913 GMT, slightly underperforming the broader European market as strength in the pound penalised the internationally exposed British index. EasyJet shares were the biggest gainers on the FTSE and were set for their biggest one-day gain in three years.

  • PARIS— French retailer Carrefour says it will invest 2.8 billion euros over the next five years in online shopping as part of a plan aimed at boosting its growth that also will result in 2,400 job cuts. Europe's biggest retailer said in a statement Tuesday that the job cuts will be implemented through voluntary departures. The group also aims to improve its...

  • TOKYO, Jan 23- The Bank of Japan kept monetary settings unchanged as expected on Tuesday and its chief hosed down market speculation of a shift away from ultra-easy policy later this year as inflation remained stubbornly shy of the central bank's target. BOJ Governor Haruhiko Kuroda said he saw no immediate need to raise interest rates or slow the bank's...

  • LONDON, Jan 23- The dollar edged higher on Tuesday as some investors judged that its recent decline to a three-year low may be coming to a close amid growing concern over the U.S. stance on global trade. Trump is slated to give the closing address at this year's Davos summit of political and business leaders on Friday, and some analysts expect him to strike a...