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  • Feb 11- France's largest bank BNP Paribas is pulling out of a niche U.S. energy lending business for the second time in four years after plunging oil prices dragged what was once seen as some of the safest energy loans into losses. BNP shut its reserve-based lending business in Houston last week after 13- year-low oil prices stoked concerns of rising loan...

  • President Barack Obama on Thursday called the Supreme Court's decision to delay implementation of his administration's Clean Power Plan "unusual" and expressed confidence that the White House would prevail. The Supreme Court on Tuesday delivered a blow to the plan, the centerpiece of Obama's climate change policy and backbone of his administration's...

  • President Barack Obama on Thursday called the Supreme Court's decision to delay implementation of his administration's Clean Power Plan "unusual" and expressed confidence that the White House would prevail. Obama said the Supreme Court had in fact required the Environmental Protection Agency to regulate carbon emissions under the Clean Air Act if they...

  • CHICAGO, Feb 11- U.S. soybean futures rose 1.3 percent on Thursday as the U.S. Agriculture Department's report of stronger-than-expected exports spurred a round of short-covering, traders said. "All things considered, we still have some demand," said Bill Gentry, a broker at Risk Management Commodities in Chicago. The USDA said on Thursday morning that weekly...

  • The Department of Environmental Conservation sent a letter to New Jersey- based Honeywell International and Saint-Gobain Performance Plastics, part of a Paris- based global conglomerate, demanding that they enter into binding consent orders to finance a state Superfund cleanup launched four weeks ago in Hoosick Falls, a small village on the Vermont border.

  • WASHINGTON— The Treasury Department is sanctioning three leaders of the Islamic State, including a senior oil official, who are instrumental in the group's finances and recruitment. Thursday's action is another step in the Treasury's efforts to disrupt the group's ability to profit from illicit oil sales in Iraq and Syria and hamper its access the...

  • 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...

  • PARIS— Leading global cosmetics company L'Oreal saw its sales grow 12 percent last year, with increases across old and new markets despite difficulties in Brazil and global economic uncertainty. The Paris- based company reported Thursday that its net profit fell to 3.3 billion euros in 2015 from 4.9 billion euros the year before. L'Oreal said growth...

  • PARIS, Feb 11- Five small bronze statues by French 19th century sculptor Auguste Rodin will be auctioned in Paris next week, including a cast of his celebrated "The Kiss", which is estimated at 1.5 to 2 million euros. The five statues, to be sold by auction house Drouot on Tuesday, come from the collection of late French art dealer Jean de Ruaz, who bought them from the...

  • PARIS— Two top Uber executives appeared Thursday in court in charges that could send them to prison and offer the ride-hailing company one of its most serious legal challenges to date in France. But it continues to operate in France despite repeated strikes and sometimes violent tensions with taxi drivers, and is not outlawed entirely as it is in Spain and Italy.

  • PARIS— Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings. The bank saw its share price stumble 12 percent and major rivals like Deutsche Bank and UniCredit saw losses of nearly 10 percent. In the U.S., Morgan Stanley, Citigroup and Bank of America...

  • PARIS/ SINGAPORE, Feb 11- Chicago corn futures slipped for a seventh consecutive session on Thursday as record U.S. ethanol stocks added to concerns about faltering demand and swelling grain supplies. The Chicago Board Of Trade most-active corn contract fell 0.2 percent to $3.59-1/ 2 a bushel by 1215 GMT. It was trading just above this week's low of $3.59-1/ 4, which...

  • PARIS— Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year. Societe Generale shares tumbled at the open of the Paris stock exchange and were down 13 percent at 27.26 euros in morning trading. The warning came as the bank reported a rise in 2015 net profit to 4 billion euros.

  • *Nokia warns over China slowdown. HELSINKI, Feb 11- Finnish telecom gear maker Nokia warned that demand for new mobile networks would slow this year in China and said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent. Nokia CEO Rajeev Suri said the company expected market growth this year in North America, India, the...

  • Germany's DAX benchmark index fell 2.9 percent to close at 8,752.87 while Britain's FTSE 100 shed 2.4 percent to 5,536.97. France's CAC 40 dropped 4.1 percent to 3,896.71, dragged down by bank Societe Generale, which fell 12.6 percent after warning on profits. All eyes are turning to Federal Reserve Chair Janet Yellen as she prepares to give her second day of...

  • PARIS— Total says its fourth quarter earnings skidded 26 percent as the collapse in oil prices hit another global energy giant. The French company said Thursday that profit adjusted for changes in the value of inventories and one-time items dropped to $2.1 billion from $2.8 billion in the same period a year earlier. In 2016, Total will cut capital investment by...

  • 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.

  • WASHINGTON, Feb 10- The White House vowed Wednesday that the United States would still meet international commitments to cut carbon emissions, seeking to allay concerns that the Supreme Court might take away one of its main weapons against climate change. And White House spokesman Eric Schultz said the administration has an array of tools available to reduce...

  • Expedia lost $13 million in the fourth quarter in part from closing its purchase of vacation rental site HomeAway Inc for $3.9 billion, a move that could ramp up competition with apartment-sharing startup Airbnb. Last year marked a deal-making spree for Expedia in which it also bought Orbitz Worldwide Inc for $1.3 billion and Travelocity for $280 million.

  • WASHINGTON— The Obama administration asserted Wednesday that a Supreme Court order delaying enforcement of its new clean-power rules will ultimately have little impact on meeting the nation's obligations under the recent Paris climate agreement. They are concerned that any significant pause in implementing mandated reductions in carbon dioxide...