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  • BRUSSELS, Feb 3- European lawmakers on Wednesday backed a compromise deal to reduce car emissions that will still allow vehicles to exceed official pollution limits, defying calls for more radical reform following Volkswagen's emissions-test cheating scandal. The European Commission, the EU executive, had already begun trying to close a known gap between...

  • *China soy demand seen slowing in Lunar New Year break. PARIS/ SINGAPORE, Feb 3- Chicago corn and soybeans traded little changed on Wednesday as favourable crop weather in South America capped prices after a rally to six-week highs fuelled by short-covering by investment funds. The most active Chicago Board of Trade corn contract edged 0.1 percent lower to...

  • UPDATE 2-Swatch's sales and profits hit by strong franc Wednesday, 3 Feb 2016 | 2:39 AM ET

    *2015 net profit falls 21 pct to 1.12 bln Sfr, lags poll avg. ZURICH, Feb 3- Swiss watchmaker Swatch Group reported a worse than expected 21 percent drop in net profit to 1.12 billion Swiss francs on a drop in sales on Wednesday, blaming strong exchange rates, but forecast a pick-up in sales in 2016.. Swatch proposed an unchanged dividend of 7.50 francs per bearer share...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • DUBAI, Feb 2- Iran has no problem with U.S. companies investing in its economy and creating joint ventures, President Hassan Rouhani said on Tuesday, and he called for foreign investment and diversification away from oil. The president said the lifting of sanctions last month under a nuclear deal with world powers would see foreign investment turn Iran into an...

  • *2015 sales 35.66 bln eur vs poll avg 35.51 bln. PARIS, Feb 2- LVMH, the world's biggest luxury group, bucked an industry downturn with stronger-than-expected fourth-quarter sales growth as resilience in Europe, Japan and the United States helped compensate for weakness in China. LVMH Chief Executive Bernard Arnault on Tuesday said traffic at the luxury group's...

  • GENEVA/ PARIS, Feb 2- The Zika virus could spread to Africa, Asia and southern Europe, the World Health Organization said on Tuesday, as major French drugmaker Sanofi SA and others joined the race to create a vaccine. A day after Geneva- based WHO declared an international public health emergency due to Zika's association with the birth defect microcephaly in...

  • * "Highly unlikely" OPEC, Russia will cooperate- Goldman. The oil markets erased most of last week's four-day rally, when soared almost 20 percent from the lows touched in mid-January, after Russia's Energy Minister said OPEC kingpin Saudi Arabia suggested a production cut. This week though, those hopes have dimmed as no deal has emerged and talks between Russia's...

  • PARIS, Feb 2- LVMH, the world's biggest luxury group, said it achieved like-for-like sales growth of 6 percent last year as resilience in Europe, Japan and the United States helped compensate for weakness in China. Growth in the luxury goods market has slowed, particularly in the second half of 2015 after the November terrorist attacks in Paris put tourists off...

  • * "Highly unlikely" OPEC, Russia will cooperate- Goldman. NEW YORK, Feb 2- Oil fell on Tuesday, with U.S. crude briefly slipping below $30, dented by worries about demand amid a mild winter and concerns of rising supply as hopes for a deal between OPEC and Russia on output cuts fade. The oil market rallied for four straight days last week after Russia's Energy Minister said...

  • *Traders shaken by mixed signals from Egypt. *Egypt is world's biggest importer. Wheat supplies, critical to a bread subsidy programme that feeds tens of millions, are a red line in Egypt, the most populous Arab country.

  • EU unveils plan to curb funding to extremists Tuesday, 2 Feb 2016 | 10:33 AM ET

    BRUSSELS— The European Union unveiled new measures to curb the financing of extremist groups Tuesday amid calls for more action following last year's attacks in Paris. "We want to improve the oversight of the many financial means used by terrorists, from cash and cultural artefacts to virtual currencies and anonymous pre-paid cards," said European Commission...

  • * "Highly unlikely" OPEC, Russia will cooperate- Goldman. LONDON, Feb 2- Brent oil fell more than 5 percent on Tuesday, while U.S. crude slid below $30 per barrel, hit by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. Russia's energy minister and Venezuela's oil minister discussed the possibility of...

  • *Paris agreement has sparked more interest in green bonds. LONDON, Feb 2- The global agreement reached at the climate summit in Paris could prompt the amount of bonds this year issued to finance low-carbon projects to exceed $50 billion, Moody's Investor Service said on Tuesday. In the fourth quarter of last year, the issuance of green bonds reached $15.2 billion,...

  • PARIS— Cuban President Raul Castro held a series of meetings with senior French officials on Tuesday, the second day of a state visit to France aimed at boosting business ties between the two countries. His schedule in Paris on Tuesday included meetings with UNESCO chief Irina Bokova, Prime Minister Manuel Valls and Paris Mayor Anne Hidalgo.

  • *Egypt cancels tender amid wrangling over import terms. PARIS/ SINGAPORE, Feb 2- U.S. and European wheat futures dipped on Tuesday as ample supplies continued to weigh on sentiment and uncertainty over import policy in top buyer Egypt fuelled export concerns. Chicago Board of Trade most-active wheat was down 0.2 percent at $4.74-1/ 4 a bushel by 1255 GMT, adding to a...

  • The Chilean Health Ministry says all three Zika cases reported Tuesday were contracted outside Chile. It says one person was infected while traveling in Venezuela, one in Colombia and one in Brazil. The World Health Organization says Zika is likely to spread to every country in the Americas where the Aedes aegypti is found.

  • PARIS, Feb 2- Cuba sought to drum up foreign investment on Tuesday as ministers on a state visit to Paris promised French business leaders that the Communist-run country is open for business. Cuba saw growth reach 4 percent last year as the centrally-planned economy gradually opens up and the country re-builds ties with the West. Ricardo Cabrisas Ruiz, Cuba's...

  • PARIS— Drugmaker Sanofi Pasteur said Tuesday it is launching an effort to research and develop a vaccine to prevent the Zika virus, after the World Health Organization declared a global emergency over its explosive spread across the Americas. Sanofi made the first dengue vaccine shot, licensed last year in Brazil after years of scientific struggle to develop...

  • PARIS, Feb 1- France agreed on Monday to convert half of Cuba's debt arrears to Paris into investment projects during a visit by Cuban President Raul Castro to the French capital to forge closer ties. As relations between Washington and Havana warm, France has been eager to build closer financial and commercial ties with Cuba. France and other Paris Club...