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  • NEW YORK, Feb 3- Oil prices jumped again on Tuesday as a tumbling dollar sent most commodities rallying, bringing crude's four-day rise to about 19 percent, its biggest such advance since January 2009. Benchmark Brent crude oil settled up $3.16, or nearly 6 percent, at $57.91 a barrel. U.S. crude, or WTI, finished up $3.48, or 7 percent, at $53.05, after a session high at...

  • *Cognac sales in China to remain weak in Q1 but rebound in H2. PARIS, Feb 3- Louis Vuitton's successful renaissance under star designer Nicolas Ghesquiere boosted sales growth at LVMH's flagship luxury brand and helped the group post stronger-than-expected fourth-quarter sales. Louis Vuitton, under the creative stewardship of Ghesquiere since Nov. 2013,...

  • Feb 3- Much hangs on the interpretation of a word, and in the case of Greece and the euro zone that word is: insolvent. "This is the trouble over the last five years with Greece. Creditors decline new advances, existing loans, where possible, are called and the debts of the insolvent, Greece, are no longer acceptable as collateral.

  • RIO DE JANEIRO, Feb 3- Shares of Brazil's state-run oil company Petrobras rose more than 15 percent on Tuesday, their biggest one-day jump in 16 years, after a local newspaper reported the country's President Dilma Rousseff has decided to replace the embattled company's chief executive officer. Rousseff's press office denied the report in Folha de S.Paulo, but...

  • Feb 3- The state of Washington said Tuesday it has established a third poultry quarantine zone after state officials discovered that a flock of about 100 birds in Okanogan County was infected with the avian influenza virus. The Washington State Department of Agriculture adopted an emergency rule on Sunday to establish the new quarantine area, which...

  • BRUSSELS/ ROME, Feb 3- Greek plans to swap government debt for bonds with interest payments linked to economic growth got a skeptical reception from euro zone officials on Tuesday as new Prime Minister Alexis Tsipras sought support for his proposals in Europe. Finance minister Yanis Varoufakis on Monday floated the idea that Greek bonds held by the European...

  • Feb 3- Activist investor Mick McGuire said Tuesday Lear Corp's stock price could surge by nearly 50 percent if the auto supplier splits into two publicly traded companies, a proposal that Lear's management said it was considering. McGuire's $3- billion hedge fund Marcato Capital Management, which owns 4.6 percent of Lear's shares, proposed dividing the auto...

  • HOUSTON, Feb 3- At tense meetings just days before the first major U.S. refinery strike in 35 years was called on Sunday, union leaders grew increasingly pessimistic about getting a new labor contract and a sizable wage increase. The USW had always viewed Shell as the most flexible of the big oil companies, much easier to negotiate with than Exxon Mobil Corp or...

  • NETHERLANDS SAYS ICAO CONFLICT ZONE RISK PROPOSAL SHOULD BE ADOPTED URGENTLY.

  • NETHERLANDS SAYS NO NEED TO WAIT FOR LEGAL ASSESSMENT OF ICAO PLAN ON CONFLICT ZONE RISKS TO AIRLINES.

  • NEW YORK, Feb 3- A former Banco Santander SA executive has been indicted for insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc by the mining group BHP Billiton Ltd, U.S. prosecutors said on Tuesday. A former adviser to Banco Santander's chief executive, Canas settled a U.S. Securities and Exchange Commission civil lawsuit last...

  • NEW YORK, Feb 3- Stock markets rallied around the world on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone. Gold, viewed as a safe-haven investment, fell, and copper prices jumped the most in one day since July 2013. "The market is beginning to...

  • *Rosneft faces $7 billion debt repayment to banks on Feb. 13. LONDON, Feb 3- Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond market fuelled a devaluation of the rouble. Now the Feb. 13 deadline for the repayment of another $7...

  • NEW YORK, Feb 3- A U.S. prosecutor sought on Tuesday to dissuade jurors of believing that the man who created the underground website Silk Road abandoned the venture before authorities shut it down, saying he operated it from beginning to end. Ross Ulbricht, who is on trial in Manhattan federal court, admits to creating Silk Road, where drugs and other goods could be...

  • HOUSTON, Feb 3- A strike by U.S. refinery workers entered a third day on Tuesday as contact resumed between the lead industry negotiator, Royal Dutch Shell Plc, and union leaders over a new nationwide wage deal. Asked about the status of the contact on Tuesday, Shell spokesman Ray Fisher said: "The USW and Shell continue to dialogue." "No meetings have been scheduled as of...

  • *Dollar heads for sharpest one-day loss since July 2013. NEW YORK, Feb 3- Oil prices rose on Tuesday, headed for the biggest four-day advance since January 2009 as a tumbling dollar sent commodities rallying. Benchmark Brent crude oil was up $3.77 at $58.52 a barrel by 2:02 p.m. ET.

  • ST. PAUL, Minn., Feb 3- Minneapolis Fed President Narayana Kocherlakota said he expects the six members of his board of directors who are not picked by banks to conduct a' massive, national' search for a person to replace him when he steps down in February, 2016.. Any candidate would need approval by the Washington- based Fed Board of governors, a process which is "not pro...

  • SAN FRANCISCO, Feb 3- Twitter Inc's stock jumped more than 6 percent on Tuesday after the social media company said its promoted tweets will appear on third-party mobile apps and websites under a new advertising distribution program. Its first partners are newsreader app Flipboard and Yahoo Japan. The company's stock price has been under pressure, down...

  • *Company raises 2015 capex to C $920 mln- C $940 mln from C $820 mln- C $840 mln. Feb 3- Cheaper fuel helped WestJet Airlines Ltd report a 34 percent jump in quarterly profit and the Canadian carrier said it expected fuel costs to fall by up to 30 percent in the current quarter. The No. 2 Canadian airline by revenue behind Air Canada, said costs per available seat mile, a...

  • The U.S. Environmental Protection Agency's comments in a letter to the State Department give weight to President Barack Obama's view that the controversial pipeline should not be approved if it significantly increases carbon pollution. The State Department, which is evaluating the project because the TransCanada Corp pipeline would carry oil from a...