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  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 11.3 percent at $17.27, while the S&P financial index rallied 3.8 percent. "Europe was strong, especially the banks, and that appeared to have some positive carryover effect on banking stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment...

  • NEW YORK, Feb 12- The Bank of Japan designed its new negative interest rates to avoid hurting bank profits, and the recent drop in bank stocks is "overdone," the BOJ's deputy governor said on Friday in what amounted to a defense of last month's shock policy decision. Hiroshi Nakaso, seeking to explain the move to bankers and investors in New York, said that while a key...

  • WASHINGTON, Feb 12- The U.S. government on Friday said it had approved the sale to Pakistan of eight F-16 fighter jets built by Lockheed Martin Corp, radars and other equipment, in a deal valued at $699 million. The Pentagon's Defense Security Cooperation Agency said it had notified lawmakers about the possible sale on Thursday. It said the sale would improve...

  • NEW YORK, Feb 12- As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end. Jack Ablin, chief investment officer at BMO Private Bank in Chicago, views that as a positive sign. "My suspicion is that you are seeing institutions nibble at extremely compressed valuations," said Peter Kenny, equity market...

  • "Clearly we're in the sweet spot with respect to trucks and SUVs and crossover vehicles right now and it's showing in our schedules and will show in our sales going forward," said American Axle Chief Executive David Dauch, in a conference call with industry analysts. By Friday afternoon, American Axle shares were up 22.7 percent at $14.42, after hitting $14.48...

  • NEW YORK/ SAN FRANCISCO, Feb 12- Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves for wireless industry use, a spokeswoman told Reuters on Friday. The FCC's deadline for interested bidders to file applications to participate in the auction ended on Wednesday.

  • Nov 25- Billionaire investor Leonard Blavatnik disclosed an 11.4 percent passive stake in Class A shares of mobile payments company Square Inc, which went public earlier this month. The stake in Jack Dorsey-led Square was reported as of Nov. 24. Blavatnik is also the owner of Warner Music Group and holds a stake in popular handbag maker Tory Burch LLC.

  • WASHINGTON, Feb 12- The U.S. House of Representatives overwhelmingly passed legislation on Friday broadening sanctions to punish North Korea for its nuclear program, human rights record and cyber crimes, and sent the measure to President Barack Obama to sign into law. Lawmakers said they wanted to make Washington's resolve clear to Pyongyang, but also to the...

  • Nov 25- Ukrainian billionaire Leonard Blavatnik disclosed a 11.4 percent passive stake in Class A shares of mobile payments company Square Inc, which went public earlier this month. The stake in Jack Dorsey-led Square was reported as of Nov. 24. Dorsey is also chief executive of Twitter Inc..

  • Facebook India MD Kirthiga Reddy resigns

    Feb 12- Facebook Inc's India managing director, Kirthiga Reddy, said on Friday she is resigning. Reddy, who joined Facebook in 2010 as its first employee in India, said she would be relocating to the United States in the next 6-12 months. Facebook Chief Executive Mark Zuckerberg was disappointed with the Indian ruling and said that the company was still "working to...

  • NEW YORK, Feb 12- The spread of the Zika virus will likely affect tourism and transport-related stocks in Latin America in the short term, but evidence of its longer-lasting impact on markets and local economies has yet to surface, according to Morgan Stanley analysts. The economies of Mrbrexico and Peru would be the most affected if the virus spreads through all...

  • ROME 1/ 4 FRANKFURT, Feb 12- The European Central Bank is in talks with the Italian government about buying bundles of bad loans as part of its asset-purchase programme and accepting them as collateral from banks in return for cash, the Italian Treasury said. The move could give a big boost to a recently approved Italian scheme aimed at helping banks offload some of...

  • Feb 11- Visa Inc, the world's largest payments network operator, disclosed a 9.99 percent holding of Class A shares in mobile payment firm Square Inc.. The stake in the company, run by Twitter Inc CEO Jack Dorsey, was revealed in a regulatory filing on Thursday. Billionaire investor Leonard Blavatnik disclosed in November an 11.4 percent passive stake in Class A...

  • WASHINGTON, Feb 12- American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest U.S. bank, and London- based HSBC Holdings, the Wall Street Journal reported on Friday. The U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority were preparing a final round of...

  • SEOUL, Feb 12- South Korea and the United States are expected to begin talks next week on possible deployment of an advanced U.S. missile defence system following North Korea's recent rocket launch, officials said on Friday, as Seoul cut power to a factory park run jointly with the North. The discussions would focus on placing one Terminal High Altitude Area...

  • Intercept's shares rose as much as 37 percent after the news and were trading up 33 percent at $124.88 Friday afternoon in New York, giving the company a market capitalization of around $3 billion. Share prices of the New York- based drug maker, which went public in 2012, had before Friday's rally declined nearly 70 percent from a high in 2015 near $315, in part due to...

  • WASHINGTON, Feb 12- American and British regulators are likely to charge several banks including Citigroup, the third-largest U.S. bank, and London- based HSBC Holdings, in an interest-rigging probe, the Wall Street Journal reported on Friday.

  • NEW YORK, Feb 12- The sharp contraction in global stock markets over the last six weeks has been welcome news to fund managers who say that high prices kept them on the sidelines over the past year. "Clearly the market is moving away from risk overall, and we'll take the opportunities it gives us," said Robert Marvin, co-portfolio manager of the Hood River Small Cap...

  • Feb 12- Department store chain operator Kohl's Corp said it was eliminating three senior positions, including chief digital officer, to create a more "nimble organization".

  • Argentine debt talks to continue - mediator

    NEW YORK, Feb 12- Argentina's ongoing sovereign debt settlement talks will continue despite no resolution between the government and four remaining major holdout creditors, court-appointed mediator Daniel Pollack said in a statement on Friday. "Claims by four other large' holdouts' were not resolved this week, but intensive discussions between and among...