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  • LONDON, Feb 25- More business in the world's giant bond and currency markets may move onto exchanges as part of structural changes underway amid a host of new regulation and official reviews, the Bank of England's Director for Markets Strategy said on Wednesday. Andrew Hauser heads the secretariat for the Fair and Effective Markets Review being conducted by...

  • French jobless total falls slightly in January Wednesday, 25 Feb 2015 | 12:02 PM ET

    PARIS, Feb 25- The number of unemployed people in France fell slightly in January, the first drop since August, as the government tries to spur growth and revive hiring in the euro zone's second-biggest labour market. The Labour Ministry said the number of people registered as jobless in mainland France fell by 19,100 last month to 3,481,600, down 0.5 percent...

  • TORONTO, Feb 25- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses. RBC shares rose almost 3 percent to C $77.25 in Toronto, while National shares gained 2 percent to C $47.92. RBC's net income rose to C $2.46...

  • WASHINGTON, Feb 25- A majority of U.S. Supreme Court justices on Wednesday signaled support for a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wore a head scarf for religious reasons. The nine justices heard a one-hour argument in an appeal brought by the U.S. Equal Employment...

  • *Ukraine says it too early to follow suit. KIEV/ MAKIYVKA, Ukraine, Feb 25- Ukraine came under increasing economic pressure from a collapsing currency and a threat to its gas supplies from the Kremlin on Wednesday, just as a long-awaited ceasefire took hold in the east. In rebel-held eastern Ukraine, pro-Russian separatists were withdrawing heavy guns from the...

  • *Greece debt deal supports euro but doubts persist. NEW YORK, Feb 25- The dollar fell against a basket of currencies on Wednesday on Federal Reserve Chair Janet Yellen's suggestion the U.S. central bank would not rush into raising interest rates, spurring traders to trim bullish dollar bets. Treasuries from recent highs, as Yellen's testimony to Congress...

  • CALGARY, Alberta, Feb 25- Encana Corp, Canada's largest natural gas producer, slashed its 2015 capital budget by a quarter on Wednesday in response to a slump in global crude oil prices. Encana said it will spend between $2 billion and $2.2 billion in 2015, down from the original budget of $2.8 billion announced in December. Chief Executive Officer Doug Suttles...

  • LONDON, Feb 25- Irish 10- year borrowing rates fell below 1 percent for the first time on Wednesday, as debt yields across the euro zone were vanishing before the looming launch of the European Central Bank's bond-buying scheme. Portugal, which is likely to be the big winner of the trillion euro programme, was the other country where 10- year yields fell to record...

  • *MSCI world index strains for all-time high. *Gold rebounds from 7- week low plumbed in previous session. Federal Reserve Chair Janet Yellen suggesting that the U.S. central bank is in no rush raise interest rates.

  • CAPE TOWN, Feb 25- South Africa will increase income tax rates for the first time in 20 years, Finance Minister Nhlanhla Nene said in a gloomy budget speech on Wednesday, as he cut growth forecasts for an economy beset by chronic power shortages. Nene also widened budget deficit estimates for Africa's most developed economy and said the government would have to...

  • Feb 25- U.S. retailer Target Corp reported a stronger-than-expected jump in fourth-quarter sales and profits and forecast modest growth this quarter in a sign that its online business strategy and focus on promoting select categories is working. Similar to other retailers lower fuel prices also helped, Chief Financial Officer John Mulligan told a media...

  • BUENOS AIRES, Feb 25- Argentina, shunned by the global debt market for more than a decade, believes it has an opportunity to raise debt internationally and is considering issuing a long-term dollar-denominated bond. Any new bond would be issued under local Argentina law, officials said. Investors piled into a new $500 million bond from the city of Buenos Aires...

  • SUPREME COURT JUSTICES SIGNAL SYMPATHY FOR MUSLIM WOMAN WHO SAYS SHE WAS DENIED JOB AT ABERCROMBIE& FITCH STORE FOR WEARING HEAD SCARF.

  • JERUSALEM, Feb 25- SodaStream International, the Israeli at-home soda machine maker, reported higher quarterly profit that beat estimates on Wednesday, as lower expenses offset a drop in revenue amid shrinking U.S. demand. SodaStream earned 35 cents per diluted share in the fourth quarter excluding one-time items such as restructuring costs, up from 3 cents a...

  • COLUMN-Bakken oil drillers retreat to the core: Kemp Wednesday, 25 Feb 2015 | 11:15 AM ET

    LONDON, Feb 25- North Dakota's oil producers have pulled back to the core areas of the Bakken formation to cut costs and maximise output amid the slump in prices. The number of active rigs in the state has fallen to just 121, from 190 a year ago, according to an active rig list published by the state's Department of Mineral Resources on Wednesday.

  • *Yellen testimony to House identical to Senate testimony. Analysts watching Yellen for any changes from testimony she gave to a Senate panel Tuesday said the unchanged text supported the dovish interpretation that led yesterday's rally in Treasuries prices. "Certainly we would be looking for some hint that she's walking us back, but if not the market is...

  • Feb 25- American Express Co is raising interest rates for a large number of its credit cards following a review that began a year ago, a company spokeswoman said. The company sent letters to its cardholders saying it is making adjustments after finding its rates were below those of rival cards, Bloomberg earlier reported, citing a copy of the letter.

  • Feb 25- Chesapeake Energy Corp on Wednesday said it would slash its 2015 spending and rig count in response to low crude oil prices that also pushed its fourth-quarter profit below Wall Street expectations. Chesapeake forecast total capital expenditures of $4 billion to $4.5 billion this year, down from $6.7 billion in 2014.. Analysts at CapitalOne...

  • WASHINGTON, Feb 25- The U.S. Supreme Court on Wednesday ruled that a North Carolina state dental board does not have the authority to regulate teeth-whitening services, accepting the federal government's claim that the system is anticompetitive because dentists sit on the panel. The court, on a 6-3 vote, ruled for the U.S. Federal Trade Commission, which had...

  • WASHINGTON, Feb 25- New U.S. single-family home sales fell less than expected in January and supply rose to its highest level since 2010, hopeful signs for a sluggish housing market. The Commerce Department said on Wednesday that sales dipped 0.2 percent to a seasonally adjusted annual rate of 481,000 units. December's sales pace was revised up to 482,000 units,...