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  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • TIMELINE-Indonesia's Bakrie Telecom restructuring process Wednesday, 18 Feb 2015 | 4:00 PM ET

    BACKGROUND Bakrie Telecom Tbk set up a special purpose vehicle- Bakrie Telecom Pte Ltd- to sell a $380 million bond in New York in 2010. The bond matures in May 2015 and bears an 11.5 percent coupon. Bakrie Telecom Tbk guarantees the bond while Bakrie Telecom Pte Ltd lends the proceeds to the listed parent company under an inter-company loan agreement.

  • ANALYSIS-China calls the shots in Asia's currency war Wednesday, 18 Feb 2015 | 4:00 PM ET

    SINGAPORE, Feb 19- As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which Asian central banks are cutting interest rates is an indication of not just the deflationary forces they are seeing but also recognition that if China weakens the yuan, their policy...

  • But investors who have sued PT Bakrie Telecom Tbk and its subsidiaries in New York over a $380 million bond say they were barred from voting on the restructuring. The bond's trustee Bank of New York Mellon said that violated both the terms of the bond contract and the law, without specifying which country's law, according to a letter to Bakrie Telecom seen by...

  • TREASURIES-Prices jump as Fed, data chill rate-hike bets Wednesday, 18 Feb 2015 | 3:47 PM ET

    NEW YORK, Feb 18- U.S. Earlier, in overseas trading, the yield stood at a high of 2.164 percent, a level last seen on Jan. 2. The issue was on track for its biggest single-session yield decline since summer 2011, according to Thomson Reuters data.

  • FRANKFURT, Feb 18- The European Central Bank agreed a modest increase in emergency funding for Greek banks on Wednesday, putting pressure on Athens to strike a financing deal with its European partners before its lenders run out of money. The ECB Governing Council, meeting in Frankfurt, agreed to raise the provision of Emergency Liquidity Assistance to 68.3...

  • The selloff accelerated in the afternoon after a fire and explosion at a gasoline processing unit in a refinery owned by Exxon Mobil in Torrance, California, near Los Angeles. Benchmark Brent crude fell $2, its most in two weeks, to settle at $60.53 a barrel, after touching a session low of $60.05. It had risen to $63 on Tuesday, its highest this year, marking a 35 percent...

  • *Markets eye outcome of Greece talks with creditors. *Platinum pares losses after sliding to 5-1/ 2 year low. NEW YORK/ LONDON, Feb 18- Gold rose on Wednesday, rebounding above a six-week low after minutes from the Federal Reserve's latest meeting showed policymakers were concerned about raising interest rates too soon.

  • TORRANCE, Calif., Feb 18- An explosion and fire ripped through a gasoline processing unit at an Exxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring four workers and shattering windows of surrounding buildings, authorities said. The cause of the blast, shortly before 9 a.m. PST, was under investigation, but there was no...

  • Feb 18- Virgin America Inc on Wednesday forecast unit revenue for the current period in line with industry peers but said competition for travelers in New York and Dallas has heated up. "There's a lot of new capacity, especially with premium seats," Virgin America's Chief Financial Officer Peter Hunt said in an interview, noting recent additions in first class by...

  • ATHENS, Feb 18- Greece asked the European Central Bank to raise the provision of Emergency Liquidity Assistance to its banks by 5 billion euros before the Governing Council agreed to a smaller sum, banking sources told Reuters on Wednesday. One senior banker estimated that the actual 3.3 billion euro increase in the ELA cap would be enough to meet Greek banks'...

  • Stocks in Europe at seven-year high. NEW YORK, Feb 18- U.S. stocks showed modest declines on Wednesday while the dollar pulled back from earlier gains in the wake of the release of minutes from the Federal Reserve's policy meeting last month. "A rate hike is still possible but it's not necessarily a sure thing," said Gary Thayer, head of global macro strategy at Wells...

  • CALGARY, Alberta, Feb 18- Talisman Energy Inc common shareholders on Wednesday voted to approve an $8.3 billion offer for the Canadian oil and gas producer from Repsol SA, clearing the way for the Spanish company to acquire Talisman's worldwide operations. Talisman common and preferred shareholders both voted nearly unanimously in favor of Repsol's Dec. 16...

  • WASHINGTON, Feb 18- Federal Reserve policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping "patient" from the central bank's rate guidance. The minutes from the Fed's Jan. 27-28 policy-setting meeting, released on Wednesday, show officials...

  • NEW YORK, Feb 18- U.S. stocks were down slightly on Wednesday, briefly trimming losses after minutes from the latest Federal Reserve meeting showed concern from policymakers about raising interest rates too soon. I think June is going to be hard for them to move, but that's not to say they won't, "said Greg Peters, senior investment officer at Prudential Fixed Income...

  • NEW YORK, Feb 18- The accused mastermind behind a group called BlackShades pleaded guilty in federal court on Wednesday to distributing software that U.S. authorities say was used to hack into half a million computers worldwide. Alex Yucel, a 24- year-old Swede, pleaded guilty in Manhattan federal court to engaging in the distribution of malicious software as...

  • SAN FRANCISCO, Feb 18- March-delivery CARBOB gasoline in the Los Angeles wholesale market jumped on news of a refinery explosion and fire at Exxon Mobil Corp.' s Torrance, California, plant on Wednesday morning, traders said. March CARBOB gasoline last traded at 21 cents a gallon over March RBOB futures on the New York Mercantile Exchange, up 13 cents from...

  • WASHINGTON, Feb 18- Americans who have started enrolling for health insurance under the Affordable Care Act can still sign up, and the U.S. government is weighing whether to open a special enrollment period for those who missed Sunday's deadline, the health secretary said on Wednesday. So far, 11.4 million Americans have enrolled in private health insurance...

  • *Hyatt Hotels 4th- qtr revenue also hurt by strong dollar. Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter and full year as a strong dollar makes it more expensive for foreigners to travel to the United States. Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton...

  • US STOCKS SNAPSHOT-Wall St trims losses after Fed minutes Wednesday, 18 Feb 2015 | 2:12 PM ET

    NEW YORK, Feb 18- The Dow and S&P 500 trimmed losses and the Nasdaq was barely higher on Wednesday as minutes from the latest Federal Reserve meeting showed concern from policymakers about raising interest rates too soon.