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  • *Oil prices, which have dictated the market's direction this year, were up nearly 5 percent after the United Arab Emirates' energy minister said OPEC was willing to talk about cutting production. Federal Reserve Chair Janet Yellen told Congress this week that she was studying ways to "be prepared" should the rout in world stock markets, the stress in the financial...

  • NEW YORK _ Interpublic Group of Cos. on Friday reported fourth-quarter profit of $260.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share. Interpublic shares have declined 13 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped 11 percent.

  • NEW YORK, Feb 12- For the past six years, U.S. refiners from Texas to Philadelphia have bought every barrel of crude they can lay their hands on to cash in on a golden era of healthy margins. Now, at least five refiners- including two of the country's largest- have voluntarily cut output of gasoline and distillate in the most widespread cuts since the global financial...

  • The Stoxx 600 index of European shares, for example, is up 2 percent at 309.65. On Friday, the benchmark New York rate was trading around 4 percent higher at $27 a barrel. Bank stocks are among the top risers in European markets, led by Germany's Commerzbank, which has announced its first dividend since 2007..

  • TOKYO— European shares rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12- year low. In early trading, Germany's DAX was up 1.3 percent at 8,863.25 and Britain's FTSE 100 leapt 1.3 percent to 5,611.99. Shares in Germany's Commerzbank AG jumped 11 percent after it reported strong gains in fourth...

  • Feb 12- Some 38 percent of U.S. multinationals, universities and non-profits surveyed by an arm of the State Department are allowing female employees to defer travel or leave countries where the Zika virus has been reported. The State Department's Overseas Security Advisory Council, which has a membership of more than 3,500 U.S. companies and institutions...

  • JAKARTA, Indonesia— Human Rights Watch on Friday urged Indonesian President Joko "Jokowi" Widodo to protect gay and lesbian rights, a day after his government told instant messaging apps to remove stickers featuring same-sex couples in the latest high-profile attempt to discourage visible homosexuality in the socially conservative country.

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese Finance Minister Taro Aso adopted stronger rhetoric, saying...

  • TOKYO— Japan's main stock index dived more than 5 percent Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in Europe and the U.S. Shares in New Zealand, Taiwan and Thailand fell while Singapore and Indonesia rose. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...

  • -Lipper@ NEW YORK, Feb 11- Investors pulled money from U.S.-based stock funds again during the most recent week, piling into Treasuries, gold and other safe-haven assets as global market performance continued to falter. The stock funds posted $1.5 billion in withdrawals during the week that ended Feb. 10, Lipper data showed on Thursday, as money fled the risk assets...

  • NEW YORK, Feb 11- A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why an order that restricted it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. District Judge Thomas Griesa in Manhattan gave bondholders until mid-February to show cause why...

  • Feb 11- France's largest bank BNP Paribas is pulling out of a niche U.S. energy lending business for the second time in four years after plunging oil prices dragged what was once seen as some of the safest energy loans into losses. BNP shut its reserve-based lending business in Houston last week after 13- year-low oil prices stoked concerns of rising loan...

  • NEW YORK _ Varonis Systems Inc. on Thursday reported fourth-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. For the current quarter ending in April, Varonis expects its results to range from a loss of 39...

  • NEW YORK, Feb 11- Jamie Dimon, chief executive officer of JPMorgan Chase& Co, recently bought 500,000 shares of the company's stock worth more than $25 million, according to a person familiar with the matter. JPMorgan shares closed at $53.07 on Thursday. Dimon's share purchase was earlier reported by The Wall Street Journal.

  • NEW YORK, Feb 11- A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why an order that restricted the it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. District Judge Thomas Griesa in Manhattan gave bondholders until Feb. 18 to show cause why the...

  • *10- yr Treasury yields hit 1.53 pct, lowest since Aug 2012. *Dollar hits lowest vs yen since October 2014. NEW YORK, Feb 11- Stock markets fell worldwide on Thursday on fears over the health of the global economy and the banking sector, with MSCI's global stock index dropping to more than 20 percent below its all-time high, while safe-haven 10- year Treasury yields hit...

  • NEW YORK, Feb 11- Jamie Dimon, chief executive officer of JPMorgan Chase& Co, recently bought 500,000 shares of the company's stock worth more than $25 million, according to a person familiar with the matter. JPMorgan shares closed at $53.07 on Thursday. The stock has fallen nearly 20 percent this year.

  • NEW YORK— New York City police say a Brooklyn man caught on camera waving what appeared to be a handgun behind a television reporter during a live broadcast has been arrested. Police say Khanukov waved the weapon-like object while standing behind a WNBC-TV reporter during a live broadcast in front of Brooklyn Supreme Court. It happened Wednesday afternoon as...

  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.