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  • PRESS DIGEST - Sunday British Business - Feb 17 Sunday, 17 Feb 2013 | 10:18 AM ET

    LONDON, Feb 17- Sunday Times. 'DEATH BOND' INSURER SET FOR 1 BLN STG LONDON FLOAT. Antonio Horta-Osorio, chief executive of Lloyds Banking Group, could have his bonuses held back until the taxpayer's stake in the bank is back in the black.

  • NEW YORK, Feb 17- Investors bought everything Avon Products Inc Chief Executive Sheri McCoy was selling last week, lifting shares 23 percent on the back of solid results and a confidence the new CEO has a turnaround plan.

  • *Abu Dhabi Group head says plans to invest $45 billion over 15 years. ABU DHABI, Feb 17- A member of Abu Dhabi's royal family says he plans to spend $45 billion over up to 15 years on a real estate project in Karachi, touted in Pakistan as the country's biggest ever foreign investment.

  • TORONTO, Feb 17- The Canadian stock market looks set for a near-term pullback after a rally that took it to 18- month highs, and resource shares are likely to be especially vulnerable to fresh worries about the global economy.

  • Electrical fault briefly halts Venezuelan refinery Saturday, 16 Feb 2013 | 7:29 PM ET

    CARACAS, Feb 16- An electrical fault briefly halted operations at Venezuela's 146,000 barrel-per-day El Palito refinery in the latest mishap at the South American OPEC member's oil installations, state-owned company PDVSA said. Twitter users posted photos of smoke rising from El Palito, at Puerto Cabello on Venezuela's north coast, in the afternoon.

  • SANYA, China, Feb 17- Placing bets on green-felt baccarat tables in a new casino bar on China's southern Hainan island, punters seem oblivious to a huge wager quietly being placed around them, one that could potentially siphon business from the world's largest gaming hub in Macau an hour's flight away.

  • Uruguay's top court throws out tax on big land holdings Saturday, 16 Feb 2013 | 11:38 AM ET

    MONTEVIDEO, Feb 16- Uruguay's Supreme Court has thrown out a controversial tax on large land holdings in the South American beef and soy producer, saying on Saturday the levy introduced in 2011 was unconstitutional.

  • ANALYSIS-G20 promises unlikely to end devaluation debate Saturday, 16 Feb 2013 | 10:46 AM ET

    Federal Reserve or Bank of Japan, aimed at helping their domestic economies to grow, that depressed the dollar and the yen and sparked the whole competitive devaluation debate. That trend is unlikely to change, something China and other key emerging markets were quick to warn against in Moscow.

  • *Japan escapes criticism over currency policy. "The market will take the G20 statement as an approval for what it has been doing-- selling of the yen," said Neil Mellor, currency strategist at Bank of New York Mellon in London. " No censure of Japan means they will be off to the money printing presses. "

  • TEXT-Main points of final G20 finance communique Saturday, 16 Feb 2013 | 7:23 AM ET

    MOSCOW, Feb 16- Following are key passages of a final communique issued on Saturday after a meeting of finance ministers and central bankers from the Group of 20 nations in Moscow. It was barely changed from a draft obtained by Reuters earlier in the day.

  • Britain pours cold water on RBS reports Saturday, 16 Feb 2013 | 5:03 AM ET

    LONDON, Feb 16- Britain's finance minister George Osborne on Saturday dismissed newspaper reports the government was planning to give away its stake in state-controlled Royal Bank of Scotland by 2015, saying such discussions were "premature." "It's just a premature discussion about what to do with the shares," Osborne told Sky News.

  • *Japan escapes direct criticism over currency policy. MOSCOW, Feb 16- The Group of 20 nations declared on Saturday there would be no' currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.

  • ISTANBUL, Feb 15- Tighter U.S. sanctions are killing off Turkey's gold-for-gas trade with Iran and have stopped state-owned lender Halkbank from processing other nations' energy payments to the OPEC oil producer, bankers said on Friday.

  • *UK, Germany and France back reform of international tax regime. MOSCOW, Feb 16- The British, French and German governments launched a joint initiative on Saturday to crack down on tax avoidance by multinational companies that will be presented to a G20 finance leaders meeting in July.

  • G20 defuses talk of 'currency war', no accord on debt Saturday, 16 Feb 2013 | 2:47 AM ET

    *Japan escapes direct criticism over currency policy. MOSCOW, Feb 16- The Group of 20 nations declared on Saturday there would be no' currency war' and deferred plans to set new debt-cutting targets in an indication of concern about the fragile state of the world economy.

  • COVENTRY, England, Feb 16- A senior policymaker at the Bank of England said on Saturday he did not support the idea of changing the central bank's remit to focus on a mix on inflation and growth.

  • DETROIT, Feb 15- Fisker Automotive has received serious offers from at least three overseas automakers willing to invest in and partner with the cash-strapped U.S. hybrid maker, which hopes to finalize a deal within weeks, people familiar with the matter said.

  • Britain chairs the Group of Eight forum this year and has said tax compliance will be a major focus when the leaders of the major economies meet in Northern Ireland in June.

  • MIAMI, Feb 15- Global cruise giant Carnival Corp found itself in deep doo-doo this week, due to alarming reports about an engine room fire that left one of its jam-packed U.S. passenger ships adrift and awash in raw sewage in the Gulf of Mexico.

  • BOGOTA, Feb 15- Colombia's largest coal exporter, Cerrejon, and its striking union will meet again on Saturday in search of a deal to end a week-long walkout by thousands of workers, the union said.