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  • OTTAWA, Feb 27- When Bank of Canada Governor Stephen Poloz abandoned a policy of offering forward guidance on interest rates last year, he said telling traders explicitly what's going to happen can boost volatility as it spurs a rush for the exits when things change. "How fast the market is flip-flopping around on interest rates in Canada has been quite...

  • NEW YORK, Feb 27- U.S. stocks edged down late in Friday's session on the last trading day of February, led by technology stocks, but oil prices rebounded for their first monthly gain since June. European shares broke multi-year records ahead of the European Central Bank's planned moves to stimulate growth. The Nasdaq was the weakest of the three major U.S. indexes,...

  • NEW YORK, Feb 27- The dollar index ended little changed on Friday as it stayed on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. "The trend is still in place to support the dollar," said Eric Viloria, currency strategist at Wells Fargo Securities in...

  • *Brent premium over U.S. crude widens to $13. *Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from Baker Hughes Inc showed its U.S. oil drilling rig count fell only 33 to 986 this week, after a decline of only 37 last week.

  • Feb 27- Apple Watch will replace your car keys and its battery will last the whole day, Apple Inc's Chief Executive Tim Cook told the Telegraph in an interview. The rollout of the watch might pose a challenge for Apple's stores, which may involve "tweaking the experience in the store," the Telegraph said, citing Cook's conversation with the staff at Apple's Covent...

  • *Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from oil services company Baker Hughes showed its U.S. oil drilling rig count fell only 33 to 986 this week, after rigs were only down 37 in the previous week. Brent April crude was up $1.27 at $61.32 a barrel at 1:28 p.m. EST, on pace to post a 15 percent...

  • Business events scheduled for the coming week Friday, 27 Feb 2015 | 1:26 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • Brent April crude was up $1.51 at $61.56 a barrel at 11:54 a.m. EST, on pace to post a 16 percent monthly gain, the first monthly rise since June. April crude was up 75 cents at $48.92 a barrel, needing a finish above $48.24 to post a February gain. Oil has been supported by signs that lower prices are starting to reduce investment in production in non- OPEC countries and...

  • Sterling steadies after hitting 7-year high vs euro Friday, 27 Feb 2015 | 11:57 AM ET

    Helped by an afternoon recovery in Europe for the euro against the dollar, the pound bounced back from lows below $1.54 hit in early trade. "Its been an up and down sort of day," said a dealer with one London- based brokerage. "It feels like the electoral risks are finally coming into focus," said Michael Sneyd, a strategist with BNP Paribas in London.

  • NEW YORK, Feb 27- The dollar index dipped on Friday on month-end selling but remained on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. "The trend is still in place to support the dollar," said Eric Viloria, currency strategist at Wells Fargo...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.

  • LONDON, Feb 27- Global investors increased their bets on stocks during February as major equity markets broke through all-time highs, fuelled by the promise of more monetary stimulus, Reuters' monthly asset allocation poll showed. As around 20 central banks have cut interest rates since the start of 2015, and with the European Central Bank set to launch...

  • LONDON, Feb 27- European shares held steady at seven-year highs on Friday as investor confidence stayed buoyant ahead of the European Central Bank's monthly 60- billion-euro money-printing programme set to start in March. "The market's had a good run and it's the end of the month so we're going to see it drift lower today as people book some profit," ETX Capital's...

  • LONDON, Feb 25- A portfolio manger at PIMCO, the world's biggest bond investor, said on Wednesday fewer banks would be available to execute deals for asset managers in two years times, as regulation reduces the trading capabilities of many market makers. A lot of highly professional and experienced traders are being let go, "said Alex Struc, an executive vice...

  • LONDON— London- based Lloyds Banking Group passed a milestone Friday in its recovery from the financial crisis, reporting an annual profit and announcing plans to pay a dividend for the first time since it was rescued by British taxpayers. "This is a symbolic development that bears testament to our successful transformation and improved risk profile of the...

  • LONDON, Feb 27- Sterling dipped back below $1.54 on Friday, more than a cent below 8- week highs hit a day earlier, with a growing focus on political risks ahead of May elections helping cool the past month's stronger mood towards Britain. The pound was also 0.3 percent weaker against the euro after breaking below 73 pence per euro to a more than seven-year high on...

  • MUMBAI, Feb 27- Some staff at Indian conglomerate Sahara say they haven't been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail. Reuters interviewed 11 employees independently contacted in separate units in Delhi, Mumbai and Lucknow this week, and found workers at what was once one of India's highest...