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  • *PM Tsipras says Greece will respect EU rules. FRANKFURT/ BRUSSELS, Feb 4- Greece's new leftist government appealed to the European Central Bank on Wednesday to keep its banks afloat as it seeks to negotiate debt relief with its euro zone partners, but Germany rejected any roll-back of agreed austerity policies. Finance Minister Yanis Varoufakis said after...

  • Feb 4- The U.S. Food and Drug Administration has approved Cohera Medical Inc's tissue adhesive for internal use during surgery, the first approval of its kind. The product, TissuGlu, is used to connect flaps of tissue made during surgery to remove excess fat and skin or to restore weakened or separated abdominal muscles. Using the synthetic adhesive will help...

  • MADRID, Feb 4- Spain's BBVA signaled on Wednesday it would sell out of China's CITIC Bank after a disappointing venture in the country and will focus more on its recovering domestic market. BBVA posted better-than-expected revenues from lending in the fourth quarter, powered by its Mexican business-- still its biggest market-- and a turnaround in Spain, where the...

  • WASHINGTON, Feb 4- The Federal Reserve continues to consider ways to ease the regulatory burden on small financial institutions, a top Fed official said on Wednesday, though the U.S. central bank is limited in how much it can tailor the rules. The Fed's efforts to provide regulatory relief comes amid a growing volume of complaints from the community banking...

  • Feb 4- There is nearly a one-in-three chance the euro will fall to parity with the dollar or lower in the coming year, a Reuters poll of foreign exchange strategists shows, even as doubts grow over when U.S. interest rates will rise. Fears of deflation following a plunge in oil and commodity prices have pushed several central banks to cut interest rates in surprise...

  • EU watchdog gives forex futures breather from clearing Wednesday, 4 Feb 2015 | 9:54 AM ET

    LONDON, Feb 4- European Union regulators have given the $127 billion daily currency futures market some breathing space by exempting it from mandatory clearing of transactions in the 28- country bloc. The European Securities and Markets Authority is implementing new rules to make derivatives more transparent and safer, such as through clearing which uses a...

  • COLUMN-Does oil's rally put rebalancing at risk? Kemp Wednesday, 4 Feb 2015 | 9:52 AM ET

    LONDON, Feb 4- Brent crude prices rose almost 18 percent between Friday and Tuesday, despite the absence of real news, which should convince even the most ardent believers in market efficiency that oil trading is noisy and inefficient at processing new information. The oil research team at Morgan Stanley has written that the three-day rally is putting at risk a...

  • *Crude falls after 4- day rally. NEW YORK, Feb 4- U.S. stocks lost ground in early trade on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed. U.S. crude was down 3.3 percent to $51.32 and Brent was off 2.6 percent to $56.43.

  • Feb 4- Luxury fashion house Ralph Lauren Corp cut its full-year revenue growth forecast for the second time in less than four months, blaming a strong dollar and weak consumer spending. Ralph Lauren, whose brands include Polo Ralph Lauren, Club Monaco, American Living and Chaps, said it expected revenue to grow at about 4 percent on a constant currency basis in the...

  • LAGOS, Feb 4- Nigeria's naira ended weaker against the dollar on Wednesday despite the central bank selling U.S. currency towards the close of trading to boost liquidity. The bank has been intervening almost daily in the interbank market since the start of the year as liquidity is very low due to depressed foreign investment as Nigeria's economy has been hit by...

  • NEW YORK, Feb 4- U.S. stocks fell at the open on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed. The Dow Jones industrial average fell 2.31 points, or 0.01 percent, to 17,664.09, the S&P 500 lost 7.36 points, or 0.36 percent, to 2,042.67 and the Nasdaq Composite dropped 24.27 points, or 0.51 percent, to...

  • ISTANBUL, Feb 4- Turkish President Tayyip Erdogan made fresh criticism of the central bank's policies on Wednesday, fueling worries over the bank's independence and sending the lira lower against the dollar. By 1417 GMT, the lira traded at 2.4379, within sight of a record low of 2.4483 seen on Friday. "Erdogan and his government are becoming increasingly detached...

  • Ralph Lauren misses estimates; stock drops Wednesday, 4 Feb 2015 | 9:31 AM ET
    Ralph Lauren Polo shirts are on display in a store window in New York.

    The results did not meet Wall Street expectations, and its shares dropped in premarket trade.

  • ATHENS, Feb 4- Greece's finance minister met a senior International Monetary Fund official in Paris over the weekend, the new Greek government said on Wednesday, its first meeting with one of the country's major creditors since taking power last month. Finance Minister Yanis Varoufakis met with Poul Thomsen, the IMF's European department chief, who is deeply...

  • Feb 4- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, reported better-than-expected quarterly revenue and forecast a smaller-than-expected fall in sales in the current quarter, helped by increasing demand in North America. Motorola Solutions forecast a 2-4 percent fall in sales for the first quarter of 2015 compared with a year...

  • RIO DE JANEIRO, Feb 4- The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday amid a festering corruption scandal, unleashing a scramble to find replacements capable of restoring investor confidence in the state-run oil company. Rousseff had already asked Finance Minister Joaquim Levy, a University of Chicago-trained...

  • WASHINGTON, Feb 4- The United States will stop reductions in the size of two- and three-year note auctions in the coming three months because officials believe issuance is on track to cover financing needs this year, the U.S. Since October, the biggest year-over-year growth in government spending has come in outlays on health and human services, primarily due to...

  • Feb 4- The Templeton Global Bond Fund, one of the biggest investors in Ukraine bonds, weathered a 29 percent hit to the market value of its holdings in the worn-torn country's debt during the fourth quarter. The market value of the fund's Ukraine bonds fell to $1.8 billion at the end of December, down from $2.53 billion at the end of the third quarter, according to the...

  • NEW YORK, Feb 4- U.S. stocks were poised to dip at the open on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed. U.S. crude was down 3.3 percent to $51.32 and Brent was off 2.6 percent to $56.43. Contract driller Transocean fell 1.9 percent to $18.05 in premarket trade.

  • DETROIT, Feb 4- General Motors Co on Wednesday posted fourth-quarter earnings far above analysts' expectations as strong sales of high-margin SUVs and trucks in North America helped offset record recall costs there, and its shares rose more than 4 percent. Net income rose to $1.1 billion, or 66 cents a share, from $900 million, or 57 cents a share, a year earlier.