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  • MILAN, Feb 5- European shares opened slightly higher on Friday although investors remained cautious before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. BNP Paribas was among the top gainers, up 4 percent, after France's biggest bank presented plans to cut investment banking costs in a bid to bolster...

  • SINGAPORE, Feb 5- Crude oil futures reversed earlier gains on Friday as weak fundamentals weighed on markets at the end of a volatile week that saw prices seesaw over 10 percent within a day. International benchmark Brent crude futures were trading at $34.08 per barrel at 0805 GMT, down 38 cents from their last settlement while U.S. West Texas Intermediate crude...

  • Feb 5- Hong Kong stocks rose slightly on Friday, led by resource shares HSCIE>, as the market drew some strength from a firm overnight performance in U.S. equities. The Hang Seng Index rose 0.6 percent, to 19,288.17, while the China Enterprises Index gained 1.0 percent, to 8,054.87 points. Trading was thin on Friday, the last trading session ahead of the Lunar New Year...

  • Feb 5- Engineering supply group Premier Farnell Plc said it would sell its industrial products unit Akron Brass to U.S.- based IDEX Corp for $224.2 million in cash. Akron Brass, which has a large market share in North America, accounted for nearly 8 percent of Premier's total revenue in 2015.. Premier Farnell also said on Friday that said it expected profit for the...

  • ArcelorMittal launched plans to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.

  • BEIJING, Feb 5- China will continue to crack down on illegal foreign exchange activities but won't revert back to "old road" of capital controls, an official of the country's foreign exchange regulator said. The remarks were made by Pan Gongsheng, head of the State Administration of Foreign Exchange, at a meeting with Andrew Rashbass, CEO of Euromoney...

  • Feb 5- Engineering supply group Premier Farnell Plc said it would sell its industrial products division Akron Brass to U.S.- based IDEX Corp for $224.2 million in cash. Premier Farnell, which makes and sells the Raspberry Pi- a mini, low-cost computer, said that the deal would help it focus on its core electronics distribution business. The company also said on...

  • "Our base case scenario is for a gradual and controlled depreciation in the yuan by end-2016," said Jason Daw, head of Asian FX strategy at Societe Generale. The yuan, also known as the renminbi, has lost over 1 percent so far this year and is down almost 6 percent since early August, when the People's Bank of China devalued it. While no one can predict with any real...

  • *GDP due at 2350 GMT Feb. 14. TOKYO, Feb 5- Japan's economy likely contracted in the final quarter of last year, a Reuters poll showed on Friday, having dodged recession in the previous quarter and dragged down by weakness in consumer spending and firms' capital expenditure. "Domestic demand probably sharply declined, notably consumer spending," said Hidenobu Tokuda,...

  • TOKYO, Feb 5- Japanese government bond prices soared on Friday, with the benchmark 10- year yield edging near zero percent after Japanese share prices plunged on a rise in the yen, undermining any benefits from the Bank of Japan's negative interest rates. The 10- year yield fell 3.0 basis points to 0.025 percent. The five-year yield fell 3.5 basis points to minus...

  • SHANGHAI, Feb 5- China stocks dipped on Friday on market views that government moves to raise investment ceilings for overseas investors won't lead to an immediate surge in foreign buying of Chinese equities. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.7 percent, to 2,963.79, while the Shanghai Composite Index lost 0.6...

  • TOKYO, Feb 5- Japanese air bag maker Takata Corp kept its full-year earnings guidance unchanged on Friday, but said it had not factored in the most recent recall of millions of vehicles in the United States and elsewhere that could cause its quality-related costs to balloon. Takata kept its net profit forecast for the year to March 31 at 5 billion yen, after posting...

  • The couple took out a U.S. dollar mortgage in 2007 after moving to Moscow from the southern Russian republic of Dagestan and blames the government for not helping as the rouble has fallen to record lows. "My son is a champion of Moscow at martial arts and we've had to stop his training sessions," Kirill told Reuters at a recent protest by foreign-currency mortgage...

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • TOKYO, Feb 5- Toyota Motor Corp raised on Friday its full-year sales forecast for North America due to strong demand in the United States, while posting a lower-than-expected operating profit for the third quarter due to an increase in expenses. The world's biggest-selling automaker posted an operating profit of 722 billion yen in the October-December...

  • TOKYO, Feb 5- Japan's Nikkei share average fell for a fourth day on Friday on concerns that a stronger yen may squeeze exporters' earnings, while investors awaited U.S. jobs data for clues on the Federal Reserve's policy outlook. The Nikkei dropped 1.3 percent to 16,819.59 points, the lowest closing level since Jan. 26. Bucking the weakness, Sharp Corp soared on...

  • His lawyer, Roderick Martin of Martin& Partners, withdrew his request after Singapore's deputy chief prosecutor raised no objection to Yak's plan to transfer $1.76 million to Singapore from overseas accounts to pay his tax and legal fees. 1 MDB, whose advisory board is chaired by Malaysian Prime Minister Najib Razak, is being investigated by authorities in...

  • JAKARTA, Feb 5- Indonesia's economy picked up speed in the fourth quarter thanks to higher public spending, suggesting President Joko Widodo is finally starting to unclog much needed infrastructure investment and spur growth in the year ahead. Southeast Asia's largest economy grew 5.04 percent in October-December from a year earlier, supported by...

  • NEW YORK, Feb 5- Investment vehicles that funneled more than $100 billion into U.S. pipelines, storage and other facilities during the shale boom now face an existential crisis after oil tumbled so low that it upended assumptions about risks and returns they offer. The collapse in stock prices of such master limited partnerships as Plains All American and...

  • *Canadian pension funds worried market overheating. *Funds concerned valuations overlook illiquidity. TORONTO, Feb 5- Canada's biggest pension funds say they are walking away from more and more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too far.