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  • China to have most robots in world by 2017 Thursday, 5 Feb 2015 | 11:25 AM ET

    FRANKFURT, Feb 5- China will have more robots operating in its production plants by 2017 than any other country as it cranks up automation of its car and electronics factories, the International Federation of Robotics said on Thursday. China has just 30 robots per 10,000 workers employed in manufacturing industries, compared with 437 in South Korea, 323 in Japan,...

  • NEW YORK, Feb 5- SilverRange Financial Partners and the local union at the oil refinery in Come By Chance, Newfoundland, Canada, have come to an impasse over a new contract, and a mid-March strike looms unless the two sides can break the deadlock, the union's chief negotiator said Thursday. SilverRange is a New York- based merchant bank run by veteran energy traders,...

  • NEW YORK, Feb 5- Venezuela's US refining unit Citgo was forced to sweeten the terms of a US $2.5 bn financing package aimed at pumping new cash into the coffers of the South American country's state-owned oil company PDVSA. "Initial price indications were too tight for investors," said Jorge Piedrahita, Chief Executive Officer or brokerage Torino Capital.

  • *Traders speculate Swiss National Bank buying euros. *Traders shrug off concerns over Greece funding. NEW YORK, Feb 5- The U.S. dollar slipped against the euro while the euro rose against the Swiss franc on Thursday on speculation the Swiss National Bank was buying euros and as traders took a sanguine view on developments surrounding Greece.

  • Dupont says Trian insisted Peltz join board Thursday, 5 Feb 2015 | 11:01 AM ET

    Feb 5- Dupont said Trian Fund Management LP, which has launched a proxy war for the company's board, had refused to consider any proposal that did not include Chief Executive Nelson Peltz himself joining the board. The company said in a regulatory filing there was one Trian nominee it would consider as a potential board member but Trian has rejected the proposal.

  • LONDON, Feb 5- Falling oil prices and rate cuts in Europe are giving emerging market central banks the green light to ease their own monetary policies but investors are fearful that political pressure may be prompting some shifts in stance. Turkey is among several emerging economies that have cut interest rates in 2015 in response to plunging oil prices and...

  • WASHINGTON, Feb 5- Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's ambitious goals should drop out. Negotiators from 12 Pacific countries hope to wrap up talks on the Trans-Pacific...

  • Treasuries prices fell on Thursday as traders pared bond holdings ahead of the January payrolls report, though market losses were limited due to tension between Greece and its euro zone partners in their debt negotiation. The move stoked anxiety about the solvency of Greek banks and fears Greece might exit the euro zone bloc. Greek Prime Minister Alexis...

  • *Wall St rises after data, Europe still down. NEW YORK, Feb 5- Stock markets around the world were mostly higher on Thursday, lifted as crude oil resumed its recent rise, but investors digested the European Central Bank's surprise decision to strike Greek bonds off its list of accepted collateral. The ECB move increases the pressure on Greece to put new reforms in...

  • OTTAWA, Feb 5- Low oil prices helped Canada's trade deficit to sharply widen to C $649 million in December, but in a more promising sign for the economy, export volumes surged. Statistics Canada's official release on Thursday also cut November's deficit to C $335 million from an initial C $644 million, citing a number of revisions. "This report helps to allay the doom...

  • DOHA, Feb 5- Bentley will likely see sales growth of its upscale autos in 2015 fall short of last year's level, a board member of the British marque told Reuters, as economic uncertainties and the slump in oil prices leave consumers more cautious about luxury purchases. But slower growth in China, fears of deflation in Europe, weak oil prices and the threat of Islamic...

  • The London Metal Exchange plans to hold fast as the last bastion of open outcry trading, even after the world's largest futures market operator, CME Group Inc, said it would shut almost all its open-outcry futures pits by July 2. The impact of CME's move will stretch from grain and livestock pits in Chicago to gold and oil trading in New York. "The LME is a much more of a...

  • TRIPOLI, Feb 5- Libya's only commercial flight link to mainland Europe was severed on Thursday when the state carrier said its foreign partner had pulled out of the country after a deadly attack last week on a Tripoli hotel. The Georgia- based company that provided the planes and crews had decided to quit Libya for security reasons, Afriqiyah said in a statement.

  • COLOMBO, Feb 5- Sri Lanka's cabinet said on Thursday it would allow a $1.5 billion "port city" deal with China to go ahead, apparently dropping its earlier threats to cancel the project, approved by the last government. Cabinet Spokesman Rajitha Senaratne said new President Maithripala Sirisena would however discuss with Beijing controversial arangements...

  • Interpublic appoints three independent directors Thursday, 5 Feb 2015 | 10:19 AM ET

    Feb 5- Advertising company Interpublic Group of Cos Inc said it appointed three independent directors and that two current directors would retire, increasing the size of its board to 10.. Deborah Ellinger, Henry Miller, and Jonathan Miller will join the board, while Jill Considine and Richard Goldstein will step down with effect from March 1, Interpublic said.

  • *Q4 adjusted EPS $1.31, in line with expectations. TEL AVIV, Feb 5- Teva Pharmaceutical Industries is ready to return to making acquisitions, it said on Thursday, after a year of focusing on costs under its new chief executive. The company posted fourth-quarter earnings of $1.31 per diluted share, excluding one-time items, against $1.42 a year earlier.

  • Feb 5- Luxury accessories retailer Michael Kors Holdings Ltd forecast a lower-than-expected profit for the current quarter after North American same-store sales in the holiday shopping period rose at the slowest pace since the company went public in 2011.. Michael Kors increased discounting and offered more promotions in the quarter, in contrast to Coach...

  • LONDON, Feb 5- Greece's new Syriza government spent its first week in power trying to make friends with European policymakers and wary investors. While most in the market see Syriza as a threat to Greece's future in the euro zone-- and implicitly to their Greek and other European bond holdings-- the Providence, Rhode Island company praised voters for showing "...

  • *Pfizer to buy Hospira for about $15 billion. *Twitter gains after Bloomberg reports deal with Google. NEW YORK, Feb 5- U.S. stocks advanced on Thursday, bouncing back from a late selloff in the prior session thanks to higher oil prices, an upbeat report on the labor market, and news Pfizer would buy Hospira in a massive deal.

  • MOSCOW, Feb 5- Russian assets reversed their early session losses on Thursday, with markets players betting that German and French leaders' visits to Kiev and Moscow would take the edge off the Ukraine crisis. German Chancellor Angela Merkel and French President Francois Hollande plan to fly together to Kiev and Moscow with a proposal to resolve the conflict.