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  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • LONDON, Feb 11- "The aluminium market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminium will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today...

  • *Company sets aside $245 m for settlement in Brazil. The company reached a record $240 million settlement in November 2014 with Dutch and U.S. authorities relating to corruption charges in Angola, Brazil and Equatorial Guinea, over an estimated $200 million in bribes paid between 2007 and 2011.. The company, which generates roughly 60 percent of revenue in...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • THE HAGUE, Feb 9- Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos. Most of Yukos' assets were acquired by Russia's state-owned oil producer Rosneft after Yukos was declared bankrupt and its founder Mikhail...

  • Handbag maker Longchamp bucks luxury goods slowdown Tuesday, 9 Feb 2016 | 3:00 AM ET

    Longchamp's performance comes as sales growth has slowed in the luxury goods sector, hit by weaker demand in China and low oil prices reducing Russia and Middle Eastern purchasing power. Longchamp, which opened three stores in mainland China bringing the total number to 25, said sales there had risen 30 percent at constant currencies, a growth level...

  • *Nikkei only up 10 pct in dollars since March 2013. TOKYO, Feb 9- When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics-- reforms to make the economy more productive-- is barely a work in progress, but Abe got...

  • LONDON, Feb 8- Another day, another landmark low for the nickel price. London Metal Exchange three-month nickel traded down to $7,900 per tonne on Monday morning. "Not an inconceivable prospect by any means," according to one analyst, Leon Westgate of ICBC Standard Bank..

  • LISBON, Portugal— In a tug of war over budgets, the European Commission approved Portugal's so-called anti-austerity spending plan on Friday, but only after extracting a promise for almost $1 billion in additional cost cuts. Left-wing and center-left governments— particularly in Greece, Spain, Italy and France— have long complained that the EU's executive...

  • AMSTERDAM— NATO's chief met Friday with European Union defense ministers to discuss boosting cooperation between the military alliance and the 28- nation bloc to tackle looming threats to the region. The EU and NATO are working to beef up their responses to threats such as Russia's increased military activity to the east and the Islamic State group's threat...

  • Shell Oil misses 4Q profit forecasts Thursday, 4 Feb 2016 | 5:25 AM ET

    THE HAGUE, Netherlands _ Royal Dutch Shell PLC on Thursday reported fourth-quarter net income of $939 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Shell Oil shares have dropped 6 percent since the beginning of the year.

  • *Underlying Q4 earnings 822 mln euros; forecast 765 mln. AMSTERDAM, Feb 4- ING, the Netherlands' largest bank, reported better than expected fourth-quarter earnings on Thursday and sought to calm worries about its exposure to oil industry lending that led to a 20 percent fall its share price in January. Chief Risk Officer Wilfried Nagel told reporters ING had 4.8...

  • AMSTERDAM, Feb 2- The European Union will hold public consultations in the coming months to gather the opinions of industry and trade unions on whether to relax trade barriers against China at the end of the year, as Beijing demands. At issue is whether it grants China "market economy status" from December, which would make it far harder for Europe to impose...

  • LONDON, Feb 2- Mobile phone networks operator Vodafone said on Tuesday it was in talks with John Malone's cable company Liberty Global about forming a joint venture in the Netherlands. Liberty Global owns Ziggo, the largest cable TV operator in the Netherlands, while Vodafone is the second biggest mobile network operator, behind KPN. Shares in Vodafone reversed...

  • LONDON, Feb 2- Mobile phone networks operator Vodafone said on Tuesday it was in talks with John Malone's cable company Liberty Global about a swap of assets in the Netherlands. Liberty Global owns Ziggo, the largest cable TV operator in the Netherlands, while Vodafone is the second biggest mobile network operator, behind KPN. Shares in Vodafone reversed earlier...

  • BERLIN— Germany is mulling taking away benefits from asylum-seekers if they refuse to try to learn the language and integrate; Denmark has just approved a measure to let police seize valuables from migrants to help cover their housing and food costs; and an Austrian province this week is expected to more than halve payments to many refugees.

  • A new global oil deal could draw lessons from 1998 Tuesday, 2 Feb 2016 | 1:00 AM ET

    *OPEC rifts and pact with Russia under scrutiny. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. Some see OPEC rifts as insurmountable and Russia as a wild card that...

  • BERLIN, Feb 1- Budget airline Ryanair is set to fly more passengers than Lufthansa for the first time this year, heaping pressure on the German carrier to make a success of Eurowings, its latest attempt to crack the low-cost market. The Germanwings experiment didn't work because it wasn't sufficiently low-cost, but Eurowings should have greater labour...

  • *Novartis plans to sell cloud-connected inhaler by 2019. *Part of companies' push into "Medical Internet of Things". ZURICH, Jan 26- Novartis wants every puff of its emphysema drug Onbrez to go into the cloud.

  • *Strength in China may be one-off. The company saw an increase in sales in China, its biggest growth market, although Van Houten could not say whether he expected the trend to continue as the economy there slows. Van Houten said the company remained on course to sell or float its lighting division in the first half of this year.