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  • MADRID, Feb 17- Spanish police raided the Madrid offices of China's biggest bank, Industrial and Commercial Bank of China, on Wednesday as part of an investigation into alleged money laundering, the Interior Ministry said. The investigation by police, the Spanish tax agency and Europol surrounds funds handled by a criminal group acting in Spain which the...

  • The operator of Booking.com, Priceline.com and Kayak.com said on Wednesday that net income applicable to common stockholders rose to $504.3 million, or $10 per share, in the fourth quarter ended Dec. 31 from $451.8 million, or $8.56 per share, a year earlier. Revenue rose 8.7 percent to $2.00 billion. On an adjusted basis, Priceline earned $12.63 per share, beating...

  • Diane von Furstenberg, Tommy Hilfiger, Nicole Miller and other designers strove to make their mark during the week-long event that ends on Thursday, targeting both buyers and editors sitting runway-side and the consumers who increasingly dictate want they want and when they want it. Karlie Kloss, joined by fellow models Kendall Jenner and Jourdan Dunn,...

  • Feb 17- Boeing Co's celebration of its centenary year is off to a rocky start, with new Chief Executive Dennis Muilenburg under pressure to address concerns about potential earnings and the strategy for its defense business when he meets with investors today. Boeing shares dived last week after a report that the U.S. Securities and Exchange Commission is...

  • MUMBAI, Feb 17- India has halted its potash imports for the year to end-March and delayed negotiations for next year's purchases until at least June, as droughts have dented demand in one of the world's biggest fertilizer consumers, government officials said. The decision, which has not been previously reported, is India's first pause in potash imports in years...

  • The company's average revenue per postpaid user fell marginally to $48.05 in the fourth quarter from $48.26 a year earlier, mainly due to promotions. Net income nearly tripled to $297 million, or 34 cents per share, in the quarter from $101 million, or 12 cents per share, a year earlier. Total revenue rose 1.1 percent to $8.25 billion, beating the average analyst...

  • Canada's biggest airline said it expects adjusted cost per average seat mile, which excludes fuel expenses, to fall 2-3 percent this year, "if the value of the Canadian dollar were at 2015 levels". Air Canada's aircraft purchase order would be valued at as much as $3.8 billion based on the list price of the aircraft, Bombardier said. Air Canada's net loss widened to C...

  • The company said it expected 2016 revenue of $16.5 billion- $17.5 billion, lower than the reported revenue of $18.17 billion in 2015.. Bombardier, which was helped by recent cash infusions from Quebec pension fund Caisse de dépôt et placement du Québec and the Quebec provincial government, said it expected free cash flow usage in the range of $1.0 billion-...

  • ESSEN, Germany, Feb 17- Vattenfall will bid to build new offshore wind farms in Europe this year as it moves towards carbon-free generation and ditches brown coal, a senior official at the Swedish power utility told Reuters. The company plans to boost its wind power portfolio in Europe by 400 to 600 megawatts per year over the next five years from the current...

  • The order would be valued at as much as $3.8 billion based on the list price of the aircraft, Bombardier said. Air Canada's net loss widened to C $116 million, or 41 Canadian per share, in the fourth quarter ended Dec. 31, from C $100 million, or 35 Canadian cents per share, a year earlier. Operating revenue rose 2.5 percent to C $3.18 billion.

  • Nok Air, 39.2 percent owned by flag carrier Thai Air International Pcl, had planned the partnership for July 2016, Patee Sarasin told a news conference. The tie-up, which involves plane rental, would enable Nok Air to fly to Europe to help add more capacity for the partner during high season, while the partner could fly to Thai destinations, he said, without naming the...

  • Feb 17- Canadian plane and train maker Bombardier Inc said it will reduce its workforce by about 7,000 employees over the next two years, while ramping up hiring to support production of its CSeries commercial jets. The Montreal- based company's net loss narrowed to 31 cents per share in the fourth quarter ended Dec. 31 from 92 cents per share a year earlier.

  • Feb 17- T-Mobile US Inc, the No.3 U.S. wireless carrier, said its quarterly profit nearly tripled as aggressive discounts helped it add more subscribers. Net income rose to $297 million, or 34 cents per share, for the fourth quarter, from $101 million, or 12 cents per share, a year earlier. Revenue rose 1.1 percent, while the company added 2.1 million customers on a net...

  • ANKARA/ DUBAI, Feb 17- Iran said on Wednesday it would resist any plan to restrain its oil output as fellow OPEC ministers flew to Tehran to try to persuade the country to join the first global oil pact in 15 years. The talks in Tehran follow a deal reached on Tuesday by dominant OPEC power Saudi Arabia and non-OPEC Russia, the world's top two producers and exporters, to...

  • LONDON, Feb 17- Lead prices dropped on Wednesday after a jump in inventories highlighted the market was well supplied, while copper followed oil prices higher. The key market in lead is China and that's been pretty weak, "said Citi analyst David Wilson. Three month LME lead fell 1 percent to $1,772 a tonne by 1043 GMT, the third day of losses and after a 2.2 percent...

  • Feb 17- Tom King, the head of Barclays Plc's investment bank, plans to retire as early as next month, Bloomberg reported on Wednesday, citing people with knowledge of the plan. The British bank is shrinking its investment banking business as new chief executive Jes Staley tries to improve profitability in the business by slashing costs. Bloomberg said the board...

  • LONDON, Feb 17- Eastern Europe was helping to support emerging market stocks on Wednesday, as heightened tension between Ankara and Moscow over Syria pushed Turkish bond yields to four-and-half-month highs. MSCI's 23- emerging country equity index was back to almost flat by 1000 GMT as a 1.8 percent jump in its eastern Europe markets helped offset falls in...

  • SAO PAULO, Feb 17- Management at Brazilian steelmaker Usiminas will propose a capital increase of 1 billion reais to its board of directors on Wednesday, newspaper Estado de S. Paulo reported, citing sources close to the company. Representatives at Brazil's largest listed flat steelmaker, known formally as Usinas Siderúrgicas de Minas Gerais SA, could not...

  • LONDON, Feb 17- Gold steadied near $1,200 an ounce on Wednesday, rolling back earlier gains, as a rise in European stocks pointed to a retreat in the risk aversion that drove prices to one-year highs last week. Spot gold was at $1,201.69 an ounce at 1020 GMT, up 0.1 percent but off an earlier high of $1,212.20. Spot prices peaked at $1,260.60 an ounce last week after...

  • SHANGHAI, Feb 17- Chinese film company Perfect World Pictures Co Ltd will invest $250 million into a slate of Universal Pictures movies, extending the tie-ups between China and Hollywood, as the world's second largest economy sees its box office soar. Universal Pictures, owned by Comcast Corp, is the studio behind blockbusters such as " Jurassic World" and "Fast and...