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  • LONDON, Feb 24- Copper surged to a six-week high on Tuesday after the U.S. central bank chief said it was preparing to consider rate rises on a meeting-by-meeting basis, Greece secured a bailout extension and oil prices rebounded. Three-month copper on the London Metal Exchange jumped to a session peak of $5,846 a tonne, the strongest since Jan. 13, and closed 2...

  • LONDON/ NEW YORK, Feb 24- The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms. "It's pretty evenhanded," said Thomas Simons, money market...

  • MINEOLA, N.Y.— A year after surviving a gunshot wound to the head, an influential suburban New York businessman released a six-minute video Tuesday announcing a $100,000 reward for help finding his assailant and offering a biting criticism of both a political opponent and a newspaper's coverage of his shooting and its aftermath. Gary Melius, who owns the lavish,...

  • LONDON, Feb 24- Copper rose on Tuesday as investors were encouraged over Greece's bailout plan and as oil prices staged a rebound. Euro zone finance ministers approved Greece's reform plan, paving the way for a four-month extension of its financial rescue after Athens backed down on key leftist reforms. Also supporting the market was a rebound on oil markets,...

  • LONDON, Feb 24- Copper rose on Tuesday as panic over Greece abated while the market waited to see if Chinese buyers would return in force after a holiday and for clues from the U.S. central bank about the timing of rate rises. Greek shares outperformed flat European indexes after Athens sent a list of economic reforms to international partners that was a "a valid...

  • *Fed's Yellen testifies to Congress at 1000 EST/ 1500 GMT. LONDON, Feb 24- World shares held near all-time highs on Tuesday on relief that Greece had submitted reform plans and the dollar was firmer on expectations that Fed chair Janet Yellen would keep the bank nudging towards U.S. rate hikes. The dollar gained 0.4 percent to 119.34 yen and was up roughly 0.15...

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. Amid tough conditions "they're doing better than the market's expecting, so...

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. SINGAPORE, Feb 24- Brent fell towards $58 a barrel on Tuesday, extending the 2- percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy. Brent fell 41 cents to $58.49 a barrel by 0640 GMT, while U.S. crude was down 51 cents at $48.94.

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. Brent had risen 26 cents to $59.16 by 0420 GMT, while U.S. crude was up 3 cents at $49.48. "People are starting to get a sense of economic recovery and that's providing a bit of support and an underlying stream of confidence," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • SYDNEY/ WELLINGTON, Feb 24- New Zealand- based Martin Aircraft Ltd soared as much as 63 percent in its Australian share market debut on Tuesday, after the jetpack maker raised A $27 million to help bring its personalised aircraft to market. Martin, which struck a financing deal with China's KuangChi Science Ltd worth A $50 million over the next two years, hopes to...

  • Brent rises above $59 on hopes of economic recovery Monday, 23 Feb 2015 | 9:39 PM ET

    *Nigeria plans OPEC emergency meet if prices fall further- FT. April Brent had risen 32 cents to $59.22 by 0236 GMT, while front-month U.S. crude was up 10 cents at $49.55. "People are starting to get a sense of economic recovery and that's providing a bit of support and an underlying stream of confidence," said Jonathan Barratt, chief investment officer at Sydney's...

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. "Quality operations are making a fist of the tough environment, and they're...

  • DIARY-Top Economic Events to March 9 Monday, 23 Feb 2015 | 7:01 PM ET

    FRANKFURT- European Central Bank President Mario Draghi gives a speech at an event to unveil the new 20 euro banknote- 1400 GMT. LONDON, United Kingdom- Bank of England monetary policy member Kristin Forbes speaks at the annual State of the Economy Conference on "Prospects for the UK Economy" organized by the Institute of Economic Affairs- 0910 GMT.

  • METALS-Copper dips as oil falls, eyes Fed testimony Monday, 23 Feb 2015 | 8:49 AM ET

    LONDON, Feb 23- Copper slipped in relatively thin trade on Monday as oil prices dropped, with the market shrugging off a European debt deal for Greece and attention shifting to upcoming testimony by the U.S. central bank chief. I'm not sure, "said Nic Brown, head of commodities research at Natixis in London. On Tuesday, markets will focus on testimony by Federal...

  • Burberry hosts starry show at London Fashion Week Monday, 23 Feb 2015 | 8:03 AM ET

    LONDON— London Fashion Week rolled out the big guns Monday, with British design powerhouse Burberry hosting the glitziest catwalk show of the season. Hunter, the maker of the classic Wellington boots, evoked wild Scottish countryside with indoor waterfalls, while Christopher Kane seduced with clothes featuring nude life drawings. The fashion industry is...

  • LONDON, Feb 23- Copper slipped on Monday on worries about a Greek bailout deal, concern about upcoming testimony by the U.S. central bank chief and as oil prices dropped. I'm not sure, "said Nic Brown, head of commodities research at Natixis in London. On Tuesday, markets will focus on testimony by Federal Reserve Chair Janet Yellen before the Senate Banking Committee...

  • TOKYO— Asian stock markets were mostly higher Monday after Greece and its European creditors reached an agreement that staved off the immediate threat of bankruptcy and exit from the euro though hurdles remain to cementing the short-term funding deal. KEEPING SCORE: Japan's benchmark Nikkei 225 stock index gained 0.8 percent to 18,481.19 and South Korea's...

  • Australia cyclone spares coal miners, farmers Sunday, 22 Feb 2015 | 11:12 PM ET

    SYDNEY, Feb 23- Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east cost of Australia packing winds up to 285 kph, but thousands of coastal residents on Monday faced a third day without electricity. "We are doing everything we can to restore power," said Annastacia Palaszczuk, the premier of Queensland state, which bore...

  • Feb 23- Rupert Murdoch's Twenty-First Century Fox Inc held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday. Fox, which like other broadcasters is battling a shift to on-demand TV, denied there had been any talks with Discovery, which...

  • Feb 23- Rupert Murdoch's Twenty-First Century Fox Inc has held preliminary takeover talks with Discovery Communications Inc with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday. Senior executives from both companies met about two weeks ago to discuss a potential takeover bid, the newspaper...