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  • OTTAWA, Feb 17- Canada will have only three or four years to take advantage of its renminbi clearing hub before China liberalizes its capital account and so reduces the competitive advantage the hub creates, a Chinese banker key to the operation said on Tuesday. During Canadian Prime Minister Stephen Harper's visit to China in November, it was announced that a...

  • TREASURY YIELDS UPTICK ATTRIBUTED BY TRADERS TO NEWS, CITING SOURCE, GREECE PLANS TO ASK FOR LOAN DEAL EXTENSION.

  • *EURO GAINS AGAINST THE DOLLAR, LAST TRADES AT $1.1417 Tuesday, 17 Feb 2015 | 12:35 PM ET
  • *US 10-YEAR TREASURY NOTE YIELDS RISE TO 7-WEEK HIGHS Tuesday, 17 Feb 2015 | 12:33 PM ET
  • Tesco names John Allan as new chairman Tuesday, 17 Feb 2015 | 12:31 PM ET

    LONDON, Feb 12- Tesco, Britain's biggest retailer, has named John Allan as its new chairman, succeeding Richard Broadbent who said in October he would step down in the wake of the supermarket's 263 million pounds profit overstatement. Allan is the current chairman of housebuilder Barratt Developments and co-deputy chairman of electricals retailer Dixons...

  • DUBLIN, Feb 17- Ireland's new data protection watchdog expects to win the power to levy vast fines on some of the world's biggest Internet firms under European privacy laws, despite opposition from some larger EU countries who want responsibilities shared more widely. Helen Dixon took over late last year as Ireland's data protection commissioner, becoming...

  • LOS ANGELES, Feb 17- U.S. West Coast ports that were closed to incoming cargo vessels during the holiday weekend reopened in full on Tuesday as Labor Secretary Tom Perez arrived in San Francisco seeking to broker a settlement ending months of shipping disruptions. But there was no immediate word on exactly when or under what conditions he would join in talks...

  • WASHINGTON, Feb 17- A judge in Texas has temporarily blocked President Barack Obama's orders to shield millions of people who are in the United States illegally, backing 26 states that argued Obama had overstepped his legal authority. The White House said on Tuesday that the Department of Justice would appeal the action by U.S. District Judge Andrew Hanen in...

  • PARIS, Feb 17- French Prime Minister Manuel Valls defied critics from left and right on Tuesday by declaring he would ram a flagship economic reform bill through parliament by decree, bypassing backbench rebels but exposing his government to a no-confidence vote. The package, which includes rules to broaden trading hours and deregulate some sectors, is aimed...

  • NEW YORK, Feb 17- Crude oil futures fell on Tuesday as concerns about weak demand as a result of uncertainty in Europe outweighed worries about threats to Middle East production and the effect of U.S. output cuts. "Growing concerns about whether a cease-fire will hold and Greece's problems have got people worried about demand for oil in a shaky European economy,"...

  • LONDON, Feb 16- Revenues and margins at Europe's "Big Three" credit rating agencies are back to pre-financial crisis levels and the trio are in line for more business, despite a welter of new rules aimed at reducing their influence, a regulator said on Monday. Yet the European Securities and Markets Authority, which regulates the 27 rating agencies operating...

  • Feb 17- CVS Health on Monday warned that costs of a potent new class of cholesterol treatments and other specialty drugs in development could eclipse those of expensive new medicines and overwhelm the healthcare system "if rigid cost control mechanisms are not put in place." CVS' call for cost controls follows sharp criticism from insurers, other payers and...

  • PARIS, Feb 17- France is in the "final stage" of negotiations to sell up to 36 Rafale warplanes to Qatar, a senior French source involved in the discussions said on Tuesday. Manufacturer Dassault Aviation is also in talks aimed at supplying 16 of the multirole combat jets to Malaysia and has resumed discussions over potential fighter sales to the United Arab...

  • LONDON, Feb 17- Bonds issued by European blue chips such as EDF, Nestle and Royal Dutch Shell have slipped into negative-yield territory as investors seek refuge from sub-zero central bank rates. The European Central Bank's monetary easing measures- including a deposit rate at -0.2 percent and a pledge to buy 1 trillion euros of bonds- have turned bond markets on...

  • Ignoring calls from across Europe to compromise on a plan to extend Greece's bailout programme, Tsipras said he was confident a deal on the country's future would ultimately be found but that Athens would not climb down from its pre-election pledges. "We are working hard for an honest and mutually beneficial deal, a deal without austerity, without the bailout...

  • *Germany's Schaeuble says up to Greece to act fast. BRUSSELS/ ATHENS, Feb 17- A war of words between Greece and EU paymaster Germany escalated on Tuesday with Athens' new leftist prime minister refusing what he called "blackmail" to extend an international bailout and vowing to rush through laws to reverse labor reforms. Financial markets held their nerve after the...

  • Feb 17- British drugmaker Celsus Therapeutics Plc's U.S.-listed shares plunged as much as 83 percent after the company's skin cream failed the main goal of a mid-stage study. Celsus Chief Executive Gur Roshwalb said he was "surprised" by the number of patients who responded to a placebo. The National Institutes of Health estimates that eczema affects between 9...

  • *Investors watching situations in Greece, Ukraine. NEW YORK, Feb 17- U.S. stocks edged lower on Tuesday, with the S&P 500 pulling back from record levels as investors continued to grapple with the uncertainty over a Greek debt deal and a fragile Ukraine truce. Much of the advance came on signs of progress for the debt deal in Greece, as well as reduced tension between...