SANTIAGO, Jan 12 (Reuters) - Chilean retailer Cencosud said on Friday it plans to make $400 million in investments this year and expects revenue of $16.5 billion over the 12-month period.One of the largest retailers in South America, Cencosud said that its investment plan could be revised depending on the sale of non-strategic assets. (Reporting by Felipe Iturrieta; editing by Diane Craft) Discla...Read More

While the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all got a taste of defeat this week, with the Dow suffering -- gasp! -- two losing sessions, U.S. stocks once again cruised to an impressive weekly win and fresh record highs, extending their historic start to the year. There was again some Trump-related turbulence, with reports suggesting the president...Read More

* Rising rents, healthcare costs boost underlying U.S. inflation* Retail sales rise 0.4 percent; core sales up 0.3 percent* Facebook falls after making changes to News Feed* Indexes up: Dow 0.79 pct, S&P 0.61 pct, Nasdaq 0.61 pct (Updates to late afternoon, adds commentary, changes byline)By Sinead CarewJan 12 (Reuters) - Wall Street continued its rally on Friday as fourth-quarter earnings sea...Read More

Somero Enterprise Inc (LON:SOM) expects 2017 earnings and revenue will be ahead of market forecasts following a strong second half performance.Shares in the maker of laser-guided machinery used in horizontal concrete placement rose 8.4% to 372.5p."The board is pleased to report that the company delivered strong, profitable growth and healthy cash generation in the six months since 30 June 2017 exi...Read More

The U.S. stock market is looking to end the week strong, thanks to this morning's big bank earnings. Among other names making volatile moves are retail stocks Amazon.com, Inc. (NASDAQ:AMZN), Etsy Inc (NASDAQ:ETSY), and Kohl's Corporation (NYSE:KSS). Here's a quick roundup of what's moving the shares of AMZN, ETSY, and KSS.Amazon Stock Heads Toward Longest Win Streak Since MayIt's been a record-set...Read More

* Consumer price inflation highest in 11 months* Two-year yields hit highest since 2008* U.S. retail sales rose in December, November's revised higher By Kate DuguidNEW YORK, Jan 12 (Reuters) - Treasury yields climbed on Friday as underlying U.S. consumer prices rose the most in 11 months in December, bolstering expectations of a pickup in domestic inflation and Federal Reserve interest rate hike...Read More

U.S. business inventories rose slightly more than expected in November. The Commerce Department said on Friday business inventories increased 0.4 percent. October data was revised to show inventories unchanged. Published 10 Hours AgoUpdated10 Hours AgoReutersSHARES Jim Young | Bloomberg | Getty ImagesA worker operates a forklift to move parts used to assembled car seats at the Lear Corp. manuf...Read More

* Euro highest since late 2014* Dollar index hits four-month low* Sterling soars to highest level since Brexit vote* Bitcoin bounces after 11 percent drop (Updates prices, market activity, comment)By Saqib Iqbal AhmedNEW YORK, Jan 12 (Reuters) - The dollar slipped to a more than three-year low against the euro on Friday, as the common currency extended its gains on hopes that European Central Bank...Read More

* Dec core CPI marks biggest monthly increase in 11 months* TIPS funds see biggest weekly inflows since Nov. - Lipper* U.S. to sell $13 bln 10-year TIPS next Thursday (Updates market action, adds Lipper data)By Richard LeongNEW YORK, Jan 12 (Reuters) - The U.S. bond market's gauges of inflation expectations rose on Friday as a stronger-than-forecast increase in core domestic consumer prices in Dec...Read More

Demand for energy has got commodities off to a bullish start in the first full trading week of 2018. A weaker dollar and increased focus on inflation together with geopolitical risks were some of the main drivers of a strong beginning to the year for crude oil and gold. Correction risks lurk, however, with oil potentially at riskRead full newsRead More

By Ann SaphirSAN FRANCISCO, Jan 12 (Reuters) - A sharp rise in underlying inflation last month was not enough to convince at least one Federal Reserve policymaker that further interest rate hikes will soon be needed to keep a lid on rising prices.A government report Friday showed core U.S. consumer prices rose the most in 11 months in December, bolstering expectations that inflation will accelerat...Read More

By Trevor HunnicuttNEW YORK, Jan 12 (Reuters) - BlackRock Inc has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend - the race to build a bitcoin fund.The world's largest asset manager on Friday reported earnings that beat Wall Street expectations, due in no small part to agg...Read More

Macarthur Minerals Limited (TSXV:MMS) is pleased to provide an update to shareholders to highlight a very active year during 2017 with the development of its lithium and gold tenement and claims portfolio within the very prospective regions of the Pilbara (Western Australia) and Railroad Valley (Nevada, USA).Read full newsRead More

(Adds comment from finance minister, analyst)By Bruno FederowskiSAO PAULO, Jan 12 (Reuters) - Brazil has made slower-than-expected progress in cutting government spending ahead of presidential elections, a Standard & Poor's director said on Friday, a day after the agency downgraded the country's rating deeper into junk territory.The agency on Thursday lowered its long-term rating for Brazil s...Read More

The iShares Transportation Average ETF (IYT) has been among the best exchange-traded funds (ETF) in the first quarter, historically. Over the past 10 years, the fund has ended the quarter higher 70% of the time, averaging a healthy gain of 5.02% -- the best of all ETFs we track. The IYT is exceeding its reputation so far in 2018, too, up 9% and just off a record highs, with help from a solid week...Read More

Gold prices marked a fresh four-month high on Friday to tally a fifth week of gains in a row, finding support as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation. Some "momentum and positioning for next week" may have given gold an "extra boost," said Jeff Wright, chief investment officer at Wolfpack Capital. February gold GCG8, +0.32%...Read More

Gold prices marked a fresh four-month high on Friday to tally a fifth week of gains in a row, finding support as the dollar extended its earlier decline despite a slightly higher-than-expected climb in core U.S. inflation. Some "momentum and positioning for next week" may have given gold an "extra boost," said Jeff Wright, chief investment officer at Wolfpack Capital. February gold GCG8, +0.30%...Read More

(Refiles to change "expanding" to "expand" in first paragraph)By Liz HamptonHOUSTON, Jan 12 (Reuters) - Oil producers are unlikely to significantly expand drilling budgets this year despite the recent run-up in crude prices, Chris Wright, chief executive of Liberty Oilfield Services Inc, told Reuters in an interview on Friday. "Spending budgets for E&P customers were...Read More

ABUJA, Jan 12 (Reuters) - Nigeria's central bank said on Friday it had injected $262.5million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate dollar shortages.The bank said in a statement it had released the funds for use by businesses in the agricultural and petroleum sectors as well as airlines.The bank said it would continue to intervene in the f...Read More

Image: GlencoreZinc hit fresh highs above $3,400 a tonne on Friday, the best level since August 2007 as supply worries intensify and the base metal complex finds support from a robust outlook for global growth."From the macro point of view, this is not an environment where you'd want to be shorting metals," Michael Widmer, head of metals research at Bank of America Merrill Lynch, told Bloomberg Ne...Read More