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  • Feb 10- When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery. "I think the problem is that in the current market any sign of a weak outlook will be quite harshly punished," Atlantic Equities analyst James Cordwell said. Investors want to see...

  • *Japan's Nikkei extends steep losses, hits 16- mth low. TOKYO, Feb 10- Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15- month high versus the dollar. Spreadbetters expected the pessimism to carry over into Europe, forecasting a...

  • *Iran says open to cooperation with Saudi Arabia. SINGAPORE, Feb 10- Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities. Prices were supported by comments from Iran's oil minister that Tehran is ready to...

  • *H1 underlying NPAT A $375 mln vs A $336 mln expected by analysts. *H1 net loss A $449 mln vs A $308 mln net profit previous year. SYDNEY, Feb 10- A week after quitting a gas business hammered by depressed oil prices, Australia's AGL Energy fast-tracked on Wednesday a shift into another competitive market by buying a stake in U.S. solar battery maker Sunverge Energy.

  • SINGAPORE, Feb 10- Gold rose for an eighth session out of nine on Wednesday, climbing towards a 7-1/ 2- month high as investors sought the safe-haven asset amid tumbling stock markets and concerns about the global economy. Spot gold was up 0.2 percent to $1,190.71 an ounce by 0310 GMT, after hitting an earlier intraday high of $1,194.06. Federal Reserve Chair Janet...

  • *USDA raises forecast for world ending stocks, adds pressure. SINGAPORE, Feb 10- Chicago wheat futures slid for a fifth straight session on Wednesday to trade near its lowest since 2010 as the market faced headwinds from a U.S. estimate of record global year-end stocks. Chicago Board Of Trade most-active wheat contract fell 0.1 percent to $4.57 a bushel by 0242 GMT,...

  • *China markets closed for new year break; to reopen Monday. MELBOURNE, Feb 10- London copper slipped on Wednesday towards its lowest level in a fortnight as holidays in top consumer China entered a third day, dampening demand, while global growth fears dragged on prices. European finance ministers will call on the Group of 20 biggest world economies at the end of...

  • WASHINGTON, Feb 9-- China's central bank likely spent about $90 billion worth of reserves in currency interventions in January, leading to net capital outflows of about $113 billion from China during the month, the Institute for International Finance said on Tuesday. The IIF, incorporating recently released partial State Administration of Foreign Exchange...

  • TOKYO, Feb 10- Asian stocks dipped early on Wednesday amid growing concerns about the health of the global banking sector, particularly in Europe, while the safe-haven yen stood near a 15- month high versus the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. Japan's Nikkei, which sank more than 5 percent Tuesday, extended...

  • *Abenomics rally has come to an end- analyst. TOKYO, Feb 10- Japan's Nikkei share average fell more than 2 percent to its lowest level since October 2014 on Wednesday as worries about the health of global banks persisted. It had dropped to as low as 15,626.04 earlier, a level not seen since Oct. 30, 2014.

  • *Iran says open to cooperation with Saudi Arabia. SINGAPORE, Feb 10- Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session led by concerns over demand and weak equities. Prices were supported by comments from Iran's oil minister that Tehran is ready...

  • MELBOURNE, Feb 10- London copper slipped on Wednesday towards its lowest level in a fortnight as holidays in top consumer China entered a third day, dampening demand, while global growth fears dragged on prices. *The Shanghai Futures Exchange is closed for Lunar New Year celebrations and will reopen on Monday. *European finance ministers will call on the Group of...

  • SYDNEY, Feb 10- U.S. wheat was steady on Wednesday, but holding near the lowest since 2010 hit in the previous session, as prices remained under pressure from the U.S. Department of Agriculture's larger-than-expected forecast for end of season stocks. *USDA pegged wheat ending stocks above trade expectations, largely due to a 4 million tonne cut in usage by China,...

  • WASHINGTON, Feb 9- President Barack Obama will deliver a tough message to China during a summit with Southeast Asian countries next week that disputes in the South China Sea must be resolved peacefully and not with a big nation "bullying" smaller neighbors, the White House said on Tuesday. Though China will not be represented, Obama's aides made clear that...

  • *U.S. crude for March delivery was 47 cents higher at $28.41 a barrel by 0113 GMT. *The front-month Brent contract was 50 cents higher at $30.82 a barrel, after it had closed $2.56, or 7.8 percent, down on Tuesday. *Meanwhile, the International Energy Agency predicted the world will store unwanted oil for most of 2016 as declines in U.S. output take time and that OPEC is...

  • The rout in oil prices since 2014 has hurt banks that made loans to oil and gas companies across the United States. At a conference on Tuesday ahead of the downgrade, senior executives at Comerica Inc estimated it would need to set aside an additional $75 million to $125 million in loan-loss reserves over the course of a year if oil prices remain at $30 per barrel.

  • SINGAPORE, Feb 10- Gold was holding near a 7-1/ 2- month high on Wednesday as risk aversion sent investors to the safe-haven asset amid a tumble in global stock markets and concerns over the global economy. *Spot gold ticked up 0.2 percent to $1,190.81 an ounce by 0042 GMT. Spot silver rose 0.2 percent to $15.26 an ounce, not far from a three-month high of $15.46 reached...

  • WASHINGTON/ DETROIT, Feb 9- U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. The National Highway Traffic Safety Administration told Google, a unit of Alphabet...

  • TOKYO, Feb 10- The dollar nursed losses around 3-1/ 2- month lows on Wednesday, pressured by the specter of a global economic slowdown as European banks struggled to fend off growing doubts over their health and as oil prices slipped back. Many traders suspect those troubles will prevent the Federal Reserve from raising interest rates in the near future and look...

  • TOKYO, Feb 10- Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The decline was limited after Wall Street shares cut most of their losses overnight and...