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  • LONDON, Feb 17- Copper and other base metals fell on Tuesday after debt talks between Greece and European partners collapsed while tin ignored news that Indonesian smelters imposed an export quota. Europe is not the biggest consumer of most of the metals, but it does have implications for global growth, "said Caroline Bain, senior commodities economist at...

  • Russia halts exports from Novorossiisk due to storm Tuesday, 17 Feb 2015 | 5:52 AM ET

    MOSCOW, Feb 17- Russia has halted all exports from the Black Sea port of Novorossiisk due to stormy weather late on Monday, the Novorossiisk Commercial Sea Port Group said on Tuesday. Russia's state weather forecaster predicted winds near Novorossiisk on Feb. 17 at speeds of 29 metres per second and at 30 metres per second on Feb. 18-19. The port operator provides...

  • LONDON, Feb 17- The euro recovered from initial losses on Tuesday, helped by a bounce in German investor sentiment and hopes that Greece will find a common ground with its euro zone partners for support beyond its current bailout programme. Earlier, the euro had weakened after a collapse in talks to secure a new debt deal for Greece raised doubts about the...

  • JAKARTA, Feb 17- Indonesia's central bank surprised markets by cutting its benchmark interest rate on Tuesday by 25 basis points to 7.50 percent, its first cut since 2011.. All 20 analysts in a Reuters poll had expected BI would keep the benchmark steady at 7.75 percent, even though Indonesia's inflation rate has declined and the growth rate is at its lowest in...

  • Feb 17- British mobile-banking software maker Monitise Plc said it was in constructive discussions after putting itself up for sale last month, sending its shares up more that 11 percent. Monitise said in January that it had received "a number of expressions of interest" as part of an "all encompassing" strategic review, including "corporate transactions and...

  • LONDON, Feb 17- Greek bond yields jumped by up to 130 basis points and stocks fell 1.5 percent on Tuesday after Athens rejected a proposal to extend its international bailout by six months, raising doubts about its future in the currency union. "The risk of a collapse is more elevated now because time is running out," said Patrick Jacq, rate strategist at BNP Paribas.

  • PARIS, Feb 17- French investigating magistrates have issued arrest warrants for three former Swiss managers at UBS in connection with their investigation into whether the bank helped tax dodgers, a judicial source told Reuters on Tuesday. It was unclear if the managers worked in France or elsewhere within the Zurich- based bank. France has been investigating...

  • MOSCOW, Feb 17- The leader of one of two regions held by pro-Russian rebels said on Tuesday his forces were complying with an agreement to withdraw heavy weaponry from the front line in east Ukraine, Russia's TASS news agency reported. "Yesterday I was on the front line and our tanks, our artillery are leaving. In fact, we started fulfilling our obligations last night, "...

  • LONDON, Feb 17- Greek bond yields jumped by up to 130 basis points and stocks fell 1.5 percent on Tuesday after Athens rejected a proposal to extend its international bailout by six months, raising doubts about its future in the currency union. "The risk of a collapse is more elevated now because time is running out," said Patrick Jacq, rate strategist at BNP Paribas.

  • TOKYO, Feb 17- The rise of the Islamic State in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade, the International Energy Agency's top economist said on Tuesday. While the IEA has sounded warnings that Middle East crude production will need to rise in the 2020 s to meet predicted demand, Chief...

  • LEADER OF ONE OF TWO REGIONS IN EAST UKRAINE HELD BY REBELS SAYS LOCAL FORCES IS COMPLYING WITH AGREEMENT TO WITHDRAW HEAVY WEAPONS- TASS.

  • UPDATE 3-Oil rises to $62, close to 2015 high Tuesday, 17 Feb 2015 | 5:07 AM ET

    LONDON, Feb 17- Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most oil output, and Iraq's semi-autonomous Kurdistan Regional Government threatened to...

  • BRUSSELS, Feb 17- European Union finance ministers piled pressure on Greece on Tuesday to remain in an international financial rescue program as the euro weakened on fears of disruption when Athens' credit lines expire in 10 days time. "The next step is the responsible step," he said, offering no detail on what Athens was willing to propose. But time is short and...

  • GLOBAL MARKETS-Markets fall after Greek talks collapse Tuesday, 17 Feb 2015 | 4:43 AM ET

    LONDON, Feb 17- Stocks fell and lower-rated euro zone bond yields rose on Tuesday after talks between Athens and its European partners over the country's debt crisis collapsed, raising doubts about Greece's future in the currency bloc. The euro was only slightly lower and equity market losses, outside Greece, were slim as investors held out hope for a deal after...

  • Feb 17- Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for about $1.88 billion to become one of the top five underwriters on the Lloyd's of London market. Brit shareholders will receive 305 pence per share in cash, comprising 280 pence in cash and an expected dividend of...

  • DONETSK, Ukraine, Feb 17- Government forces and pro-Russian separatists said they would not carry out an agreement to pull back heavy guns in east Ukraine on Tuesday, pushing a shaky peace deal closer to collapse. Monitors from the OSCE security group were expected to try to reach the besieged town, Debaltseve, after Germany said it had agreed steps with the...

  • MOSCOW, Feb 17- Russian bank Rosbank, part of France's Societe Generale Group, plans to cut 10-15 percent of its staff this year, its head said on Tuesday. Dmitry Olyunin, Rosbank's chief executive, told journalists the planned job cuts would come as a result of reducing the bank's branch network, an expected contraction in demand for retail lending and...

  • *Noble on Monday rejected allegations by Iceberg Research. Noble, which is listed in Singapore but based in Hong Kong, has rejected claims from Iceberg Research which said in a report posted online on Sunday that Noble used aggressive accounting to mislead investors. Not much is known about Iceberg Research, which declined to comment on its background, analysts...

  • BEIJING, Feb 17- China's central bank and commercial banks bought 108.3 billion yuan worth of renminbi in January, the second consecutive month that purchases have topped 100 billion yuan, in a sign that more capital was leaving the country. The large purchases of yuan are likely to complicate China's monetary policy, as they tighten liquidity at a time the...

  • MOSCOW, Feb 17- Russian prosecutors demanded Kremlin critic Alexei Navalny be jailed for 10 years, appealing against the suspended sentence he was given in a theft case last year, news agency RIA reported. Navalny, who led Moscow street protests against Vladimir Putin in 2011-12, and his brother Oleg were accused last year of stealing 30 million roubles- nearly...