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  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • BRUSSELS, Feb 11- When British Prime Minister David Cameron meets fellow EU leaders in Brussels in a week, they will argue over stubborn differences on a broadly agreed text on EU reform to help keep Britain in the bloc. One of only two EU states neither to use the euro nor be bound to adopt it in time, Britain stands alone in insisting there will never be just one...

  • WASHINGTON— The Federal Reserve of New York releases its February survey of manufacturers, 8:30 a.m.. WASHINGTON— Labor Department releases the Producer Price Index for January, 8:30 a.m.; Commerce Department releases housing starts for January, 8:30 a.m.; Federal Reserve releases industrial production for January, 9:15 a.m.; Federal Reserve releases...

  • BRUSSELS— Greece and its international creditors are still weeks away from any possible agreement about the targets that Athens must meet to secure billions to rebuild its shattered economy. He said technical-level talks must continue at a good pace so senior officials can return to Athens "and reach agreement in a few weeks. In return for a bailout worth...

  • BRUSSELS— Portugal's fellow states in the 19- nation eurozone are keeping a wary eye on its new government's plans to roll back budget austerity measures, with the bloc's top executive and Germany both warning the country not to miss deficit targets. Although Portugal has received conditional approval for its budget from the European Commission, German...

  • LONDON, Feb 11- Sterling fell to a 15- month low against a basket of currencies on Thursday, as investors fretted about slowing global growth prospects and their impact on the UK economy, with some pricing in risks of an interest rate cut in Britain. Interest rate markets are not pricing in a Bank of England rate hike until 2020. Sterling was down 0.5 percent against...

  • LONDON, Feb 11- "The aluminium market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminium will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today...

  • BRUSSELS _ Wabco Holdings Inc. on Thursday reported fourth-quarter earnings of $98.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share. Wabco expects full-year earnings in the range of $5.30 to $5.80 per share.

  • *Wall Street expected to open down 1.7 percent. *Hong Kong shares lead Asia equity markets lower. Wall Street was expected to open almost 2 percent lower.

  • LONDON, Feb 11- Sterling fell to a 15- month low against a basket of currencies on Thursday, diving almost 3 percent against the safe-haven yen, as nervous investors fretted about global growth and were pricing in a chance of a interest rate cut in Britain. Interest rate markets are not pricing in a Bank of England rate hike until 2020. Sterling was down 0.9 percent...

  • Other EU leaders are ready to copy David Cameron’s referendum tactics for their own “egotistic goals”, the European Council president has said. The FT reports.

  • DIARY-Top Economic Events to Feb 24 Wednesday, 10 Feb 2016 | 7:01 PM ET

    LONDON- Bank of England deputy governors, Jon Cunliffe and Andrew Bailey, to appear at Lords committee on euro zone financial system- 1130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens appears before the House of Representatives' Standing Committee on Economics in his twice yearly parliamentary testimony- 2230 GMT. WASHINGTON- Federal Reserve...

  • *Asahi eyes overseas expansion beer sales fall in Japan. TOKYO/ LONDON, Feb 10- Asahi Group Holdings Ltd is in exclusive talks to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company aims to offset slow growth at home. With Peroni, Grolsch and Meantime, Asahi would get sizeable footholds in the...

  • NATO, EU sign agreement on cyberdefense cooperation Wednesday, 10 Feb 2016 | 10:17 AM ET

    BRUSSELS— NATO and the European Union have signed an agreement to improve cooperation in cyberdefense, which NATO Secretary-General Jens Stoltenberg called a concrete example of the two Brussels- based organizations joining forces to counter modern forms of hybrid warfare. The technical agreement, signed at NATO headquarters on Wednesday, establishes a...

  • EU and Britain have big differences over 'ever clo Wednesday, 10 Feb 2016 | 9:22 AM ET

    LONDON— For Britain and the European Union, they are three little words that expose big philosophical differences: "Ever closer union." The phrase, baked into the EU's 1957 founding treaty and other key documents, remains a fault line between Britain and its European neighbors. On Tuesday, the EU's six original member nations- including Italy, Germany and France-...

  • LISBON, Feb 10- Portugal's new Socialist government will be rigorous in controlling the budget to ensure financing for the economy, aware of recent jumps in bond yields, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on Wednesday to around 3.52...

  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...

  • LONDON, Feb 10- World-leading technology company ARM Holdings said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. Britain's Prime Minister David Cameron has promised voters an opportunity to decide whether the country should remain a member of the...

  • LISBON, Feb 10- Portugal's new Socialist government is well aware of the country's rising bond yields and will be rigorous in controlling the budget to ensure financing for the economy, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on...

  • BRUSSELS— Experts say almost all species in the Mediterranean are still overfished despite decades of seeing stocks dwindle— and the European Union is considering creative solutions like using drones or space technology to catch fraudulent fishermen. EU Fisheries chief Karmenu Vella said Tuesday some stocks "are on the verge of depletion.