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  • RUSSIAN FOREIGN MINISTRY SAYS NEW EU SANCTIONS WON'T HELP FIND A SOLUTION TO CONFLICT IN EAST UKRAINE.

  • RUSSIAN FOREIGN MINISTRY SAYS NEW EU SANCTIONS CONTRADICT COMMON SENSE.

  • Luxury property sales took a hit last year as China's anti-corruption campaign discouraged conspicuous consumption, but buyers are now taking advantage of easier credit and a stock market rally to upgrade their homes. "It's not going to lead to a full recovery in the market," said Clement Luk, Shanghai- based chief executive officer for eastern China at property...

  • MOSCOW, Feb 16- Russian banks' ratio of non-performing loans for retail lending could rise to 8 percent by the end of the year, a first deputy governor of the central bank said on Monday. Alexei Simanovsky, the central bank official, said banks' non-performing loan ratio for retail lending was at 6.3 percent in January. Russian banks' loan quality has been...

  • *Kuwait oil minister says price rally to continue in 2015. *Oil surplus "definitely lower" than 1.8 mln bpd- Kuwait. LONDON, Feb 16- Oil steadied around $61 a barrel on Monday, holding gains from last week, after Kuwait's oil minister said lower supply levels would support prices in the second half of the year.

  • *Markets broadly steady before Greece debt talks. LONDON, Feb 16- Global shares hit their highest since September on Monday and the euro firmed with investors cautiously optimistic euro zone finance ministers would reach a deal to shore up Greece's dwindling finances. The prospect that Greece and its partners will find common ground in the talks and reach an...

  • *Still searching for missing crew in Brazil. OSLO, Feb 16- Norway's BW Offshore, which provides ships that pump and store oil, cut its dividend on Monday, blaming lower spending by customers due to a fall in crude prices as well as a deadly accident in Brazil last week. On Feb 11, an explosion on one of BW's oil production vessels offshore Brazil killed five employees,...

  • LONDON, Feb 16- The euro edged up on Monday ahead of a meeting of euro zone finance ministers that investors hope will find common ground to support Greece beyond its current bailout program and keep it inside the currency bloc. The single currency has gained steadily through a nervous month of deadlock between the new government in Athens and its international...

  • UPDATE 2-Abu Dhabi's NMC Health signs $825 mln loan Monday, 16 Feb 2015 | 3:43 AM ET

    ABU DHABI, Feb 16- NMC Health, the London- listed United Arab Emirates healthcare provider, has agreed a five-year $825 million loan with a group of six banks that will be used pay down existing debt and fund acquisitions, the company said on Monday. The Abu Dhabi- based company said the facility was divided into two tranches, with both priced in a mix of U.S. dollars and...

  • JAKARTA, Feb 16- Indonesia has dropped its demand that Freeport-McMoran Inc build a $1.5 billion copper smelter in Papua province, saying a regionally owned enterprise would take on the project instead, website Detik.com reported, quoting the mining minister. The ministry in December said Arizona- based Freeport, which runs the world's fifth-largest copper...

  • PARIS, Feb 16- French Finance Minister Michel Sapin said on Monday that Germany's firm position on Greece's debt position was right in some ways, but the euro zone must also respect the change of government in Greece. "Greece, not the government of today, the country, signed a number of agreements. Sapin was speaking ahead of a meeting of euro zone finance ministers...

  • Hyundai, the world's No.5 automaker when paired with sister Kia Motors Corp, has targeted a market it sees growing almost 30 percent in each of the next five years, but where its share ex- China is a paltry 2.1 percent. To expand, Hyundai said it will invest 400 billion won to raise production of vans, trucks and buses in Korea by 2020, and that it has earmarked 1.6...

  • PARIS, Feb 16- European stocks were steady in early trading on Monday, taking a breather following last week's sharp gains, as investors awaited the euro zone finance ministers' meeting in Brussels to see if common ground would be found with Greece's new government. On Sunday, Greece said it was confident of reaching agreement in negotiations with its euro zone...

  • HONG KONG, Feb 16- Hong Kong's main stock index closed up for the third straight session on Monday, following gains in the world's major markets, with property stocks leading the rise. The Hang Seng index rose 0.2 percent, to 24,726.53, while the China Enterprises Index gained 0.1 percent to 11,934.57 points. Among the most actively traded stocks on Hong Kong's main...

  • BERLIN, Feb 16- Germany's Finance Minister Wolfgang Schaeuble said in a radio interview on Monday that he was not very optimistic that Greece and its euro zone partners would reach a debt agreement at a meeting in Brussels later in the day. Schaeuble said Germany did not want Greece ot leave the euro zone, but that the new government in Athens had to fulfill the core...

  • KUWAIT, Feb 16- Kuwait's oil minister said on Monday he expected the current oil price rally to continue into the second half of 2015 as the global supply surplus shrinks. Oil prices steadied on Monday with benchmark Brent trading up 3 cents to $61.55 per barrel by 0620 GMT. Saudi Arabia's oil minister Ali al-Naimi discussed a "relative improvement in the market in...

  • TOKYO, Feb 16- Japan's finance ministry said on Monday it will hold a finance ministers' summit with South Korea on May 23 amid concerns that a falls in the yen are indirectly hurting South Korea's exports. The Bank of Japan has launched an aggressive quantitative easing program to pull Japan out of deflation, which has seen the yen fall by around 34 percent versus...

  • TOKYO, Feb 16- Japanese Prime Minister Shinzo Abe said on Monday he hopes the central bank continues with its bold monetary easing campaign to achieve its 2 percent inflation target. Speaking in parliament, Abe praised the BOJ's aggressive stimulus program for helping revive the economy and wipe out the public's "sticky deflationary mindset."

  • 888 and William Hill end takeover talks Monday, 16 Feb 2015 | 2:14 AM ET

    LONDON, Feb 16- Online gambling company 888 Holdings said discussions concerning a takeover by Britain's biggest bookmaker William Hill had ended after talks broke down over price with a key stakeholder. 888, whose shares had jumped more than 20 percent last week after talks between the two companies were confirmed, said on Monday it had discussed a possible...

  • Aer Lingus names Stephen Kavanagh as new CEO Monday, 16 Feb 2015 | 2:12 AM ET

    LONDON, Feb 16- Aer Lingus named Stephen Kavanagh as its new chief executive, handing the chief strategy and planning officer the top job at the Irish airline as it negotiates its potential takeover by IAG. Kavanagh will become chief executive from March 1, replacing Christoph Mueller, who the airline had already announced would step down later this month.