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  • The company, which produced 6.12 million ounces in 2015, expects all-in sustaining costs of $775- $825 per ounce for the year, largely lower than $831 per ounce a year earlier. Capital expenditures for 2016 were forecast at $1.35 billion- $1.65 billion, compared with 2015 capital expenditures of $1.51 billion. Net loss attributable to Barrick was $2.62 billion,...

  • *Oil boosted as Iran voices support for output freeze. U.S. crude was up 1.7 percent at $31.19 a barrel following a 7 percent jump on Wednesday after Iran voiced support for a Russia- Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12- year lows. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.4 percent,...

  • MELBOURNE, Feb 18- The world's oil market is likely to see a drop in supply over the next three to five years as cheap debt dries up and majors cut capital spending, but the timing of any recovery in prices is too difficult to call, Woodside Petroleum's CEO said. The uncertain outlook is deterring Australia's top oil and gas producer from going ahead with its biggest...

  • MELBOURNE, Feb 18- London copper was little changed on Thursday, as persistent jitters over global growth tempered support from soaring oil and a successful short-term debt refinancing by commodities giant Glencore. But with factories ramping up ahead of China's seasonal demand peak in the second quarter, analysts say prices should begin to find support.

  • TOKYO, Feb 18- Japanese stocks rebounded on Thursday morning after better-than-expected U.S. economic data and rising oil prices fueled a Wall Street rally and helped burnish global investor sentiment. Japan's benchmark index shrugged off fresh domestic data that showed its exports declined the most since October 2009, instead taking cues from overnight...

  • SINGAPORE, Feb 18- Gold on Thursday clung to overnight gains that helped the metal snap a three-day losing streak on bets the Federal Reserve could slow the pace of U.S. interest rate hikes. Spot gold was little changed at $1,208.20 an ounce by 0212 GMT, after gaining 0.7 percent on Wednesday. "With the uncertainty in the global economy and the relatively dovish Fed...

  • President Barack Obama is preparing to visit Cuba as soon as March, a person briefed on the matter said on Wednesday, a major step in the thaw between former Cold War foes the United States and Communist-run Cuba. Obama said in December that he would consider visiting Cuba as part of an opening to Havana that saw the two countries restore diplomatic ties and take...

  • FUKUOKA, Japan, Feb 18- Bank of Japan board member Koji Ishida on Thursday warned that prolonged global market turbulence could hurt Japan's economy by damaging household and corporate sentiment. But he said sharp declines in energy costs were beneficial for a fuel-importing country like Japan, adding that concerns the current oil rout may trigger a global...

  • *Chicago Board Of Trade front-month corn fell 0.1 percent to $3.67 a bushel after gaining 1.2 percent in the previous session when prices hit a 12- day top of $3.67-1/ 2 a bushel. *The oilseed market also is being boosted by higher-than- expected volumes in the past week for U.S. export sales and port inspections, plus a backlog of cargo loadings in rival exporter...

  • SHANGHAI, Feb 18- China's consumer inflation quickened in January due to rising food prices while producer prices declined for 47th straight month, as falling commodity prices and weak demand add to deflationary pressure in the world's second-largest economy. "Overall, China will likely face strong deflationary pressure in the remainder of the year,"...

  • LAUNCESTON, Australia, Feb 18- Live and don't learn. While the call by major producers including Saudi Arabia and Russia to freeze crude oil output at current levels is the headline of the week, it's merely the latest in a long line of attempts to arrest sliding commodity prices. Again, the result was only a temporary boost to prices, and this failure followed an...

  • Feb 18- Taiwan stocks rose along with other regional bourses on Thursday, led by TSMC which hit a nearly 10- month high after its mixed forecast for the first quarter buoyed investors. Taiwan Semiconductor Manufacturing Co, the world's top contract chipmaker, rose as much as 2 percent to T $151, its highest level since April 2015, after it gave a mixed guidance for...

  • SHANGHAI, Feb 18- China will give greater financial rewards to innovative academics and small research bodies in a drive to convert interesting scientific ideas into commercial realities and rev up its high-tech industries as wider economic growth stalls. China's State Council said research bodies and university units who transferred their work to...

  • SINGAPORE, Feb 18- Oil crude futures rose in early Asian trade on Thursday after Iran welcomed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session. Brent futures added 32 cents to $34.82 a barrel by 0144 GMT, after surging 7.2 percent in the previous session to close up $2.32.

  • Feb 17- Yahoo Inc on Wednesday said it would cut more than 300 jobs by April 18, as part of 1,500 layoffs announced earlier, San Francisco Chronicle reported. The company also plans to shut down its Burbank office, affecting 90 employees, according to San Francisco Chronicle. The layoffs affect people in Yahoo's media division, as well as employees in other roles...

  • SHANGHAI, Feb 18- Hong Kong stocks opened sharply higher on Thursday, led by energy shares, following overnight gains in U.S. and European equities and a jump in oil prices. China stocks were also firmer, as investors expect Beijing to unveil fresh stimulus to support the slowing economy. The Hang Seng index in Hong Kong was up 2.6 percent, to 19,422.87 points as of...

  • MELBOURNE, Feb 18- London copper was little changed on Thursday, as persistent jitters over global growth tempered support from soaring oil and a successful short term debt refinancing by commodities giant Glencore. *Shanghai Futures Exchange copper rose 0.4 percent to 35,800 yuan a tonne. *U.S. crude futures rose as much as 3 percent in early Asian trade on...

  • BEIJING, Feb 18- China's consumer inflation quickened to 1.8 percent year-on-year in January, slightly less than market expectations. Analysts polled by Reuters predicted the index would come in at 1.9 percent, compared with 1.6 percent posted in December. The producer price index fell 5.3 percent in January from a year earlier, the National Bureau of...

  • WASHINGTON, Feb 17- Lockheed Martin Corp on Wednesday said it had withdrawn its protest in federal court of a $6.75 billion contract awarded by the U.S. Army to Oshkosh Corp for 17,000 new armored vehicles to replace the Humvee. Lockheed spokesman John Kent said the company decided to withdraw its lawsuit from the U.S. Court of Federal Claims after "careful...

  • TOKYO, Feb 18- Japan's annual exports in January fell the most since the global financial crisis as demand weakened in China and other major markets, leaving the economy in a precarious position after a fourth-quarter contraction. Ministry of Finance data showed exports fell 12.9 percent year-on-year in January versus a median market estimate for a 11.3...