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  • Aon tops 4Q profit forecasts Friday, 5 Feb 2016 | 6:49 AM ET

    LONDON _ Aon PLC on Friday reported fourth-quarter net income of $584 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share. Five analysts surveyed by Zacks expected $3.32 billion.

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • MILAN, Feb 5- European shares were little changed in choppy trade on Friday with investors reluctant to take up big positions before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. "With the focus on the jobs report in the U.S., we don't expect a very dynamic market today in Europe," Johannes Mayr, head of economic...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • Stocks edge lower in early trading on Wall Street Friday, 5 Feb 2016 | 12:57 AM ET

    HONG KONG— World stock markets were uneven Friday as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. France's CAC 40 rose 0.6 percent to 4,255.33 while Germany's DAX dipped 0.2 percent to 9,378.43. Britain's FTSE climbed 0.2 percent to 5,911.46.

  • DIARY-Top Economic Events to Feb 17 Thursday, 4 Feb 2016 | 7:00 PM ET

    LONDON- European Central Bank's Supervisory Council member Daniele Nouy to participate in panel discussion at European Banking Authority 5th Anniversary Conference- 1130 GMT. LONDON- Bank of England's Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey to participate in panel...

  • DONGGUAN/ HONG KONG, Feb 5- If, as the adage has it, turnover is vanity, profit is sanity, but cash is reality, a Reuters analysis of working capital at 1,200 Chinese firms shows much of corporate China is hurtling towards a reality check. KPMG China partner Fergal Power, who specialises in distressed companies, says most Chinese companies prioritised market share and...

  • *Iran says it supports meeting between OPEC, other producers. *Venezuela oilmin meets with counterparts in Qatar, Oman. NEW YORK, Feb 4- Oil fell 2 percent in volatile trading on Thursday, as support from a weakening dollar was overshadowed by scepticism that cash-strapped OPEC member Venezuela's effort to lobby crude producers for joint output cuts would...

  • LONDON, Feb 4- Iran on Thursday called on the United States to make a clear public pledge that it would not penalise European banks for legitimate trade with the Islamic Republic. "Rebuilding the confidence of the banks that the United States will not re-intervene in their relations with Iran may require some further assurance from the United States," Zarif said...

  • NEW YORK, Feb 4- Colm Kelleher is a stickler for discipline, even when it comes to the office dress code. Kelleher's role as enforcer-in-chief at Morgan Stanley was solidified last month when the Wall Street firm's Chief Executive James Gorman named him president, the No. 2 spot. Ahead of his promotion he culled one-in-four jobs on its bond trading desk and he is...

  • *Algerian and Azerbaijan parties go ahead. LONDON, Feb 4- Azerbaijan and Algeria have been battered by a slump in oil prices, but their national energy companies will still lay on lavish hospitality next week in London when the industry gathers for its annual string of parties and networking events. The hotel, where a night in a standard double room will set guests...

  • *ING up on solid results, reassuring message on oil risk. MILAN, Feb 4- European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss. "The dollar is weakening because the market is starting to worry...

  • LONDON— An American academic has defended a British trader accused of contributing to a 2010 flash crash in financial markets, arguing that stocks plummeted because of a confluence of events, including the actions an inexperienced mutual fund employee. Lawrence Harris, a University of Southern California professor, testified during Navinder Singh Sarao's...

  • *Iran says it supports meeting between OPEC, other producers. Crude added to the previous session's 7 percent jump after an Iranian official was quoted as saying Tehran supported a meeting between OPEC and other oil producers. "Headlines continue to fly about an OPEC/ non- OPEC meeting.

  • *Graphic on UK inflation, rate: http://reut.rs/1SDRz9w. FRANKFURT, Feb 4- The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates. Federal Reserve and the Bank of England had expected to...

  • LONDON, Feb 4- The Bank of England cut its growth forecasts on Thursday and the only policymaker who had been pushing for a rate hike reversed his position, suggesting rates will stay on hold for the foreseeable future. BoE Governor Mark Carney said officials still expected the next move in interest rates to be upwards, but echoed downbeat comments from central...

  • *ING up on solid results, reassuring message on oil risk. MILAN, Feb 4- European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss. "The dollar is weakening because the market is starting to worry...

  • Asian stocks directionless ahead of US jobless report Thursday, 4 Feb 2016 | 10:23 AM ET

    NEW YORK— U.S. stocks posted modest gains Thursday as investors await Friday's closely watched jobs report, which could offer insight about the U.S. economy and help determine whether the Federal Reserve raises interest rates again next month. Many believe the likelihood of another rate increase in March has faded because of recent signs of weakness in the...

  • LONDON, Feb 4- Market expectations for euro exchange rates over the next three months flipped on Wednesday into positive territory for the first time since 2012, a headache for euro zone officials hoping for a boost to growth from a weaker currency. That follows signals from European Central Bank chief Mario Draghi that it was ready to ease policy further in a...

  • Yield curve moves flash global recession warning signs Thursday, 4 Feb 2016 | 8:57 AM ET

    LONDON, Feb 4- If the bond market is to be believed, the world is heading for recession. The turmoil sweeping through financial markets this year, principally driven by the plunge in oil prices and fears over China's economy, has lowered government bond yields and flattened yield curves across the developed world. This changes the mechanics of the yield curve with...