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  • SAN JUAN, April 18- A judge on Thursday ordered banks to comply with a request from Puerto Rico's federally created financial oversight board to disclose customer information related to certain debt issued by the bankrupt U.S. commonwealth. The Bank of New York Mellon, Bank of America Corp, JP Morgan Chase Bank, and U.S. Bank objected to the board's request last...

  • CARACAS, April 18- U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's $50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island's offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts...

  • CALGARY, Alberta, April 18- Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the government said on Thursday. The Trans Mountain expansion project would nearly triple the amount of crude flowing from Alberta's oil sands to British Columbia's coast, but has...

  • April 18- Industrials led the S&P 500 and the Dow moderately higher on Thursday in the wake of robust U.S. economic data and a string of healthy corporate earnings reports.

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • NEW YORK, April 18- The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called "profit recession" this year because predicted economic bad news has failed to materialize. The quarter could be the trough for "this mini down cycle," said Keith Lerner,...

  • April 18- Japan has extradited a father and son to the United States to face charges in Las Vegas over their alleged roles in a $1.5 billion Ponzi scheme that bilked thousands of Japanese residents. The U.S. Department of Justice on Thursday announced the extradition of Junzo Suzuki and Paul Suzuki five months after the conviction of Edwin Fujinaga, the former...

  • *President warns Ukraine risks default. PrivatBank was nationalized as part of a clean-up of the banking system backed by the International Monetary Fund, which supports Ukraine with a $3.9 billion loan program. Ukraine's dollar-denominated bonds fell more than 1 percent after the ruling by a Kiev court as President Petro Poroshenko said in a televised...

  • KIEV, April 18- Ukrainian tycoon Ihor Kolomoisky said on Thursday he expects some "odious individuals" at the central bank could be removed from office if presidential front-runner Volodymyr Zelenskiy wins Sunday's run-off election. Critics of Zelenskiy, a comedian with no political experience but who is leading President Petro Poroshenko according to...

  • *Canada February retail sales up 0.8%. April 18- The Canadian dollar slipped against its U.S. counterpart on Thursday, as data showing a rise in Canadian retail sales was overshadowed by strong U.S. retail sales numbers that pointed to a relatively stronger U.S. economy. Canadian retail sales grew by 0.8% in February from January to C $50.62 billion, largely as a...

  • CALGARY, Alberta, April 18- Canada has extended the deadline for a decision on whether to push forward with the expansion of the Trans Mountain oil pipeline to June 18 from mid-May, the Natural Resources Ministry said on Thursday. The Trans Mountain expansion project would nearly triple the amount of crude flowing from Alberta's oil sands to British Columbia's...

  • NEW YORK, April 18- The amount of U.S. commercial paper outstanding increased to its highest level in 10 months in the latest week, suggesting a broad pickup in corporate demand for short-term credits, Federal Reserve data showed on Thursday. U.S. non-seasonally adjusted commercial paper outstanding rose to $1.106 trillion, which was the highest since the $1.25...

  • April 18- U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country's largest oil fields, continue to shrink. Drillers cut eight oil rigs in the week to April 18, bringing the total count down to 825, General Electric Co's Baker Hughes energy services firm said in its...

  • KIEV, April 18- Ukraine risks returning to economic instability, higher inflation and currency volatility if it loses a legal case over the nationalization of PrivatBank, Central Bank Governor Yakiv Smoliy said on Thursday. A lower court in Kiev earlier ruled that the 2016 nationalization of PrivatBank, Ukraine's largest lender, was illegal.

  • April 18- ICE cotton futures fell on Thursday as the dollar strengthened, while a fall in the weekly export sales report from the United States Department of Agriculture's added to the downbeat sentiment. settled down 0.69 cent, or 0.87 percent, at 78.27 cents per lb. It was an opportunity for those who were long in the market this week to get out and reposition...

  • DETROIT, April 18- General Motors Co's top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker's proxy statement released on Thursday. President Donald Trump as it negotiates new trade deals with China, Europe and Japan. Barra's pay package included...

  • WASHINGTON, April 18- U.S. banking regulators on Thursday proposed a rule that would allow custody banks to exclude deposits with central banks from a stringent capital requirement. The relief, prescribed by a bank deregulation bill passed by Congress in May, would apply to Bank of New York Mellon, Northern Trust and State Street, as firms "predominantly engaged...

  • *Venezuela sells oil invoices to Russia at discount Russia pays Venezuela, collects cash from buyers Arrangements keep money flowing despite U.S. sanctions Venezuelan dependence on Russia growing. The sales are the latest sign of the growing dependence of Venezuela's cash-strapped government on Russia as the United States tightens a financial noose...

  • RIO DE JANEIRO, April 18- Brazilian President Jair Bolsonaro said on Thursday that he had "initial sympathy" toward the idea of privatizing state-run oil company Petroleo Brasileiro SA, a comment that gave the company's shares a minor jolt. Bolsonaro made the comment to national broadcaster GloboNews at an event in Sao Paulo. On Wednesday, Economy Minister Paulo...

  • *Weak global PMIs hurt U.S. yields. NEW YORK, April 18- U.S. Volume thinned in the afternoon ahead of a long weekend, with financial markets closing for the Good Friday holiday.