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  • TREASURIES-Prices rise as oil, China concerns weigh Friday, 5 Feb 2016 | 3:17 PM ET

    NEW YORK, Feb 5- U.S. Oil fell on Friday afternoon before a meeting on Sunday between Venezuelan Oil Minister Eulogio Del Pino, who is trying to rally support among oil producers for action to boost prices, and his Saudi counterpart Ali al-Naimi. "There is a lot of talk and speculation as it relates to China," while credit indicators for banks have been weakening, said...

  • US STOCKS-Technology stocks lead Wall St selloff Friday, 5 Feb 2016 | 3:08 PM ET

    LinkedIn was down 45 percent at $105.67, a day after the company's revenue forecast missed estimates. Big tech names also dropped sharply, including Facebook shares fell 5.7 percent to $104.20, while Alphabet fell 3 percent to $707.97 and Amazon sank 6.6 percent to $500.17. "Tech has got a few shining examples of what happens if you disappoint," said Art Hogan, chief...

  • BUENOS AIRES, Feb 5- Argentina's peso is trading stronger on the black market than at the official rate for the first time in decades, indicating confidence in the government of new President Mauricio Macri, who lifted four-year-old capital controls within days of taking office in December. A surplus of dollars and interest in alternative investments in the...

  • WASHINGTON— A smirking Martin Shkreli briefly united Democrats and Republicans on Capitol Hill this week, as lawmakers took turns blasting the price-hiking former CEO who has become the new poster child for corporate greed. But the gridlocked state of Congress virtually assures federal efforts to lower drug prices will remain in limbo for years.

  • Feb 5- Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts. Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest...

  • Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus A320neo jetliners, now stands at more than 10,000 units...

  • NEW YORK, Feb 5- Oil prices were little changed in choppy trading on Friday, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi counterpart Ali al-Naimi in...

  • MONTREAL, Feb 5- Strong Canadian investment in the Manhattan commercial property market is expected to continue this year after quadrupling and hitting a record level in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with...

  • The value of those loans will have to be written down even further, and bank profits are going to take a hit, the credit agency Moody's said in a report issued Friday. The loans on the balance sheets of the biggest banks on Wall Street— JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, Wells Fargo and Bank of America— represent only a small percentage of these...

  • WASHINGTON, Feb 5- A lower U.S. unemployment rate in January and a rise in wages suggests the economy is resisting a global slowdown, but tighter credit conditions and slower hiring are seen reducing the chances of another Federal Reserve interest rate rise in March. While data on Friday supported the Fed's view that the labor market is near full strength,...

  • WASHINGTON, Feb 5- Puerto Rico, struggling to restructure its mountain of debt and already paying some but not all of its creditors, will run out of fiscal emergency measures by June, the U.S. commonwealth's Government Development Bank president said on Friday. With a 45 percent poverty rate and an exodus of people to the United States, Puerto Rico is trying to solve...

  • *Chinese tourists spent up to $1 bln in Moscow in 2015. Shoppers from China accounted for 7 percent of the group's sales in 2015 and while the country's economy is slowing sharply, at least it is still growing unlike Russia's which is shrinking. Chinese visitors have become a more frequent sight in central Moscow, some carrying bright orange shopping bags from...

  • WASHINGTON, Feb 5- Barack Obama might seem an unlikely investor in the firearms industry. Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation's two largest gun manufacturers with publicly traded shares, Smith& Wesson Corp and Sturm, Ruger& Co. The White House declined to comment on Obama's...

  • U.S. job gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but average hourly earnings rose 0.5 percent and the unemployment rate fell to 4.9 percent from 5.0 percent, the Labor Department said on Friday in its monthly employment report. The report "makes the case that inflation is possible in the U.S. against...

  • Stocks lose more ground as jobs report disappoints Friday, 5 Feb 2016 | 10:15 AM ET

    NEW YORK— Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell as oil prices declined and investors continued to worry...

  • NEW YORK, Feb 5- The U.S. dollar rebounded against a basket of major currencies on Friday after data showed a pickup in U.S. wages in January, suggesting greater inflation and denting the view that the Federal Reserve would not hike rates at all this year. U.S. Labor Department data showed that average hourly earnings increased 12 cents, or 0.5 percent, last month,...

  • Apple now accepting your banged-up iPhone Friday, 5 Feb 2016 | 10:05 AM ET

    NEW YORK— Apple for the first time is accepting banged up iPhones as a trade-in from those wanting to upgrade. Apple Inc. has told investors that it may book its first revenue decline in 13 years when it reports quarterly earnings in April due in part to weakness in the global economy. For damaged phones, it will pay $50 for a 5 S, $150 for a 6 and $200 for a 6 Plus.

  • LONDON, Feb 5- The dollar rose against a basket of currencies on Friday along with Treasury yields, but global stocks fell after a key U.S. jobs report painted a mixed picture of the labour market and left investors with a muddled view on rate hike prospects. Non-farm payrolls increased by 151,000 jobs last month, well below forecasts of 190,000 while the...

  • NEW YORK— The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group. The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The Chicago Stock Exchange was founded in...

  • NEW YORK, Feb 5- U.S. Nonfarm payrolls increased by 151,000 jobs last month and the unemployment rate was at 4.9 percent, the lowest since February 2008, the Labor Department said on Friday. It makes the case that inflation is possible in the U.S. against the backdrop of a lot of the financial turmoil that we've been seeing, "said Aaron Kohli, an interest rate strategist...