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  • OSLO, Feb 7- Oil and gas major Statoil abandoned its 2020 production target and cut its investment plans, focusing instead on generating cash and improving shareholder returns, it said on Friday. Statoil said it plans to introduce a quarterly dividend payment from this year and promised to use share buy-backs more actively in the future.

  • Toyota says Jan China auto sales up 18.1 pct y/y Friday, 7 Feb 2014 | 1:48 AM ET

    BEIJING, Feb 7- Toyota Motor Corp and its two local joint-venture partners sold about 85,600 automobiles in China in January, up 18.1 percent from a year earlier, the Japanese automaker said on Friday.

  • TOKYO, Feb 7- The dollar edged lower in a quiet Asian session on Friday, as most investors looked ahead to the latest non-farm payrolls report for clues on the health of the U.S. labour market and the broader economy.

  • TOKYO, Feb 7- Japan is on track to post a record trade deficit in January, preliminary data showed on Friday, in a warning sign that consistently weak export demand could weigh on economic growth.

  • TOKYO, Feb 7- Japan's Nikkei average jumped 2.2 percent on Friday, moving away from a four-month low hit earlier this week, as investor sentiment brightened on hopes for an upbeat U.S. jobs report later in the day. The Nikkei ended at 14,462.41, recovering from a four-month trough of 13,995.86 set on Wednesday. It was the biggest daily percentage rise since Jan. 29.

  • SINGAPORE, Feb 7- Brent crude steadied above $107 a barrel on Friday, heading for a second weekly gain in three on optimism U.S. jobs data due later in the day will add to recent signs of economic improvement in the world's top oil consumer.

  • WASHINGTON, Feb 7- The U.S. debt limit suddenly looks a lot less threatening as Republicans in the House of Representatives struggle to choose from a diminishing list of minor conditions for an increase needed by the end of this month.

  • *Nonfarm payrolls expected to have risen 185,000 in January. WASHINGTON, Feb 7- U.S. employment likely rebounded in January after being held back by cold weather the prior month, which would offer assurance that economic growth was not faltering.

  • NEW YORK/ LONDON, Feb 7- Swiss industrial conglomerate ABB Ltd is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core businesses.

  • Feb 6- Apple Inc has repurchased $14 billion of its stock in the two weeks since it reported disappointing first-quarter results, a company spokesman said. Apple bought $12 billion of shares via an accelerated share repurchase program and $2 billion of shares from the open market, the spokesman said.

  • SHANGHAI, Feb 7- China's yuan touched its lowest level of the year on Friday in anaemic trade after a week-long holiday break, but traders expect it will soon start to appreciate again as fund inflows pick up.

  • *Hong Kong rises on short-covering. Feb 7- China shares fell on Friday in their first trading session of the new Lunar New Year, dragged down by Chinese financial and consumer stocks on further signs that the world's second-largest economy was losing momentum.

  • Google bought $750 million Lenovo stake in January Thursday, 6 Feb 2014 | 11:14 PM ET

    Internet company Google Inc bought a 5.94 percent stake in China's Lenovo Group last month for $750 million.

  • *China demand strong after week-long new year break. *Premiums climb to $9.50/ oz from pre-holiday $4/ oz. SINGAPORE, Feb 7- Gold edged higher on Friday as Chinese buyers came back into the market after a week-long holiday and was set to rise for a sixth week out of seven as global equities remained on edge over economic growth concerns.

  • SINGAPORE, Feb 7- Brent crude edged higher toward $108 a barrel on Friday, on track for its second weekly gain in three with investors awaiting U.S. non farm payrolls numbers for signs of economic growth in the world's largest oil consumer.

  • *China's services sector grows at slowest pace in almost 2-1/ 2 years in Jan. SYDNEY, Feb 7- London copper was set on Friday to post its largest weekly rise this year after encouraging signs in the U.S. labour market boosted optimism about global growth, while Shanghai copper rose in its first session back from China's week-long break.

  • TOKYO, Feb 7- Asian shares regained a measure of stability on Friday, stepping further away from five-month lows after a strong rally on Wall Street and hopeful signs the upcoming U.S. payroll report could put some global growth concerns to rest.

  • CARACAS, Feb 6- Venezuela's central bank will hold a larger-than-usual $440 million currency auction next week, President Nicolas Maduro said on Thursday, after the bank canceled this week's dollar sale due to undisclosed "anomalies."

  • HONG KONG, Feb 7- Internet search company Google Inc bought a 5.94 percent stake in China's Lenovo Group Ltd last month for $750 million, according to a disclosure on the Hong Kong stock exchange. Google acquired 618.3 million Lenovo shares at $1.213 per share on Jan. 30, the stock exchange said late on Thursday.

  • Feb 6- Apple Inc has repurchased $14 billion worth of its stock in the last two weeks after disappointing first-quarter results, the Wall Street Journal reported quoting Chief Executive Tim Cook. Cook told the paper in an interview that Apple was "surprised" by the 8 percent decline in its shares on Jan. 28, the day after it reported quarterly results.