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  • SHANGHAI, Feb 4- Yum Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald's Corp as the pair battle to revive flagging sales in China- a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales data suggests McDonald's is recovering faster in China than larger rival Yum as both seek to...

  • FRANKFURT, Feb 4- Western European car sales rose 5.8 percent in January, according to industry data released by LMC Automotive on Thursday. "The West European car market got off to a strong start to the year, growing 5.8 percent year-on-year, despite having one less selling day this month," LMC Automotive analyst Emiliano Lewis said. Sales in Europe's biggest...

  • BEIJING, Feb 4- China's foreign exchange reserves remain abundant despite recent declines and risks from cross-border capital movements are under control, the country's foreign exchange regulator said on Thursday. "China's foreign exchange reserves remain abundant, as the ratio between outstanding short-term foreign debt and foreign exchange reserves...

  • The MSCI emerging market benchmark was lifted by stellar gains in Asia as well as an oil-fuelled rise in Russia as crude prices jumped above $35 a barrel, adding to a 7 percent rise on Wednesday. Dollar-denominated stocks in Moscow rose as much as 6 percent while bourses in South Africa, Turkey and Poland all firmed around 1.5 percent. In Asia, Chinese mainland...

  • LONDON, Feb 4- Gold edged up to a three-month high on Thursday, a day after its best day in two weeks, buoyed by expectations that global economic and financial headwinds could make it tough for the U.S. Commodities rallied across the board on Wednesday as the dollar tumbled after William Dudley, president of the Federal Reserve Bank of New York, said that financial...

  • BERLIN, Feb 4- German real wages rose at the strongest rate in more than 20 years in 2015 due to record-low inflation and robust pay hikes, data showed on Thursday, boosting private consumption which has become the main driver of growth in the economy. Chancellor Angela Merkel's government introduced a national minimum wage of 8.50 euros per hour at the beginning...

  • ROME, Feb 4- World food prices fell to near a seven-year low in January, weighed down by declines for agricultural commodities, particularly sugar, the United Nations food agency said on Thursday. The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged...

  • *Could help Beijing's case for A share inclusion in MSCI. SHANGHAI, Feb 4- China unveiled new rules on Thursday that would let foreign institutional investors buy more stocks and bonds, and make it easier for them to move money out of the country. The new policies toward the Qualified Foreign Institutional Investor scheme are aimed at "gradually promoting...

  • *Q4 adjusted EBIT NOK 15.2 bln vs NOK 13.9 bln in poll. OSLO/ LONDON, Feb 4- Norway's Statoil pledged on Thursday to keep cutting capital spending as oil prices fall after reporting better than expected fourth-quarter results, and said it would give shareholders the option to take their dividends in shares instead of cash. "Cost deflation has visibly intensified...

  • *OPEC's Venezuela lobbies for producer meeting to cut output. LONDON, Feb 4- Oil rallied further above $35 a barrel on Thursday, adding to the previous session's 7 percent jump, as support from a weaker dollar offset concern about ample supply and record-high U.S. inventories. Crude also gained as Venezuela's oil minister, on a tour to lobby for steps to boost prices,...

  • *Q4 core EPS 94 cents vs consensus 95 cents. *Q4 revenue $6.40 billion vs consensus $6.29 billion. LONDON, Feb 4- AstraZeneca warned on Thursday that revenue and earnings would drop this year due to the arrival of cheap generic rivals to Crestor, its top-selling cholesterol drug, which will offset growth in sales of newer medicines.

  • *China needs top notch waste management technology. FRANKFURT, Feb 4- Beijing Enterprise has struck a deal to buy German waste management company Energy from Waste for 1.4 billion euros as China sets about tackling its huge problems with pollution and recycling more of its waste. China set a target to spend about $16 billion between 2013 and 2016 to improve...

  • BEIJING, Feb 4- China expects to see a surplus in its current account and a deficit in the capital and financial account in 2016, the country's foreign exchange regulator said on Thursday. In the online Q&A document, SAFE said cross-border capital flow risks were controllable in 2016, while China's foreign exchange reserves, the world's largest, remained...

  • TOKYO, Feb 4- Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said- paving the way for the biggest acquisition by a foreign company in Japan's insulated tech sector. That was more than double the amount proposed by a state-backed fund, the Innovation Network Corp of Japan.

  • STUTTGART, Feb 4- Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings. The stock was down 4.4 percent at 60.21 euros by 0915 GMT, its lowest in more than a year and underperforming Germany's blue-chip DAX index,, which was up 0.2 percent.

  • *Hacking attacks on China firms increasingly common. BEIJING, Feb 4- Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd's Taobao e-commerce website using Alibaba's own cloud computing service, according to a state media report posted on the Internet regulator's website. In the latest case, hackers obtained a...

  • LONDON, Feb 4- The dollar was back on the defensive in early trade in Europe after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall in over two months on Wednesday. Another warning by European Central Bank chief Mario Draghi that the bank would not hesitate in doing what was necessary to get inflation back to...

  • *Europe shares follow Asia higher, focus on commodity firms. LONDON, Feb 4- Stocks advanced in Europe and Asia on Thursday, with the focus on energy companies as speculation U.S. interest rates may not rise at all this year left the dollar nursing hefty losses and oil held most of the previous day's big gains. Brent, the global benchmark, dipped 5 cents to $34.99 a barrel,...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • DUBAI, Feb 4- Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an...