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  • WASHINGTON, March 31- The International Monetary Fund said on Thursday that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In February, after IMF officials visited the country, the Fund had forecast 3.2 percent growth for Nigeria in 2016.. Discussions between Nigeria and the World Bank...

  • WASHINGTON, March 31- The International Monetary Fund said on Thursday that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In its annual review of Nigeria's economic situation, the IMF said that gross domestic product growth would slow to 2.3 percent in 2016 from an estimated 2.7 percent...

  • TOKYO, March 25- Sharp Corp said its annual earnings were likely to fall short of its official guidance citing a slowing China market, a factor that Taiwan's Foxconn is expected to use to lower its offer for the loss-making Japanese display maker. Sources have told Reuters that Sharp will likely to book an annual loss on that scale rather than the 10 billion yen...

  • March 18- Upscale jeweler Tiffany& Co said it expected profit to fall in the first half of this fiscal year as a strong dollar hurts tourist spending at its stores in the United States and erodes revenue from other markets. Weakness in the global economy and a strong dollar have discouraged tourists from buying luxury items, hurting companies including Tiffany,...

  • As of Sept. 30, Valeant had about $30 billion of long-term debt. However, Chief Executive Michael Pearson expressed optimism about the company's finances. Laval, Quebec- based Valeant has since cut ties with Philidor, which has now gone out of business.

  • The Canadian drugmaker, which is under scrutiny for its business and accounting practices, said on Tuesday total 2016 revenue is expected to be $11.0 billion- $11.2 billion, compared with its previous estimate of $12.5 billion- $12.7 billion. The company originally provided its 2016 forecast in December, but withdrew it on Feb. 29 when Chief Executive Michael...

  • Total revenue is expected to be $11.0 billion- $11.2 billion, compared with its previous estimate of $12.5 billion- $12.7 billion, Valeant said on Tuesday. Valeant, under scrutiny for its business and accounting practices, said preliminary fourth-quarter revenue was $2.8 billion, hurt by softer-than-expected sales in its gastrointestinal business.

  • LONDON, March 11- The British Chambers of Commerce cut its forecast for economic growth on Friday, blaming a weaker global economy, and said the country's performance was lackluster compared to the past. "The UK's economic performance is reasonably good when measured against our main competitors, but it's only mediocre when compared against long-term trends,"...

  • *Boss to close 20 stores in China. METZINGEN, Germany March 10- German fashion house Hugo Boss is closing outlets in China and will review its global store network as it tries to revive its fortunes following the departure of its chief executive last month after a profit warning. Like other upmarket fashion retailers, Hugo Boss has been hit by a slowdown in luxury...

  • *Order book weaker on oil industry slump, China slowdown. AMSTERDAM, March 9- Marine construction company Boskalis expects a drop in net profit this year as depressed commodity prices hit demand for oil-related infrastructure, it said on Wednesday. Boskalis's order book fell to 2.49 billion euros at the end of 2015 from 3.29 billion in December 2014.

  • OTTAWA, Feb 22- Canada's new Liberal government, citing a sluggish economy and low commodity prices, cut its growth forecast on Monday for 2016-17 and said it would run a much bigger budget deficit than earlier expected. He said the 2016-17 budget deficit would be C $18.4 billion, while the 2017-18 deficit will be C $15.5 billion. "Short-term deficits will be larger...

  • OTTAWA, Feb 22- Canada's new Liberal government, citing a sluggish economy and low commodity prices, on Monday cut its growth forecast for 2016-17 and said it would run a much bigger budget deficit that initially promised. Finance Minister Bill Morneau, citing an average of private sector economists' forecasts, said growth in 2016 would be 1.4 percent, down from...

  • FRANKFURT, Feb 15- Germany's Bundesbank slashed its forecast for inflation on Monday, a signal that the same will happen across the wider euro zone, increasing pressure on the European Central Bank to loosen money supply. The Bundesbank predicted that prices, watched closely by the ECB because its sole official task is to keep them ticking steadily upwards,...

  • CHICAGO, Feb 11- Bunge Ltd expects a challenging year in 2016, Chief Executive Officer Soren Schroder said on Thursday, as the global grain trader reported a lower-than-expected quarterly profit. In 2016, results in Bunge's grain and oilseeds businesses should be driven largely by operations in South America, where Bunge is a major player, said Chief...

  • *Q4 adjusted operating profit 17.6 mln euros, down 31 pct. *Analysts in Reuters poll expected 24.5 mln euros. HELSINKI, Feb 9- Finnish mining technology company Outotec missed fourth-quarter earnings forecasts and warned that demand from miners would weaken further this year, sending its shares down 20 percent on Tuesday.

  • HELSINKI, Feb 9- Finnish mining technology company Outotec missed quarterly earnings forecasts on Tuesday and did not propose a dividend, warning demand from miners would weaken further this year. Outotec is struggling as miners have cut spending due to low metal prices, and recent uncertainty regarding China's growth prospects has further hit its business,...

  • *Q4 core EPS 94 cents vs consensus 95 cents. *Q4 revenue $6.40 billion vs consensus $6.29 billion. LONDON, Feb 4- AstraZeneca warned on Thursday that revenue and earnings would drop this year due to the arrival of cheap generic rivals to Crestor, its top-selling cholesterol drug, which will offset growth in sales of newer medicines.

  • *Exporters may have difficult time this year due to China worry. TOKYO, Feb 4- Japan's Nikkei share average fell to a one-week low on Thursday as a stronger yen hurt market sentiment, while bellwether companies such as Panasonic dived after cutting earnings forecasts. The dollar was steady at 117.97 yen after dropping 1.7 percent overnight, hurting exporters.

  • *Expects Brent crude in 2016 at $40/ barrel vs previous $55. OMV now expects the price of Brent crude oil to average $40 per barrel in 2016, down from its $55 forecast made only three months ago. Under new Chief Executive Rainer Seele, OMV is looking to Russia for low-cost exploration as its upstream portfolio is burdened with expensive North Sea assets which it...

  • Ford Motor changes pension reporting

    The automaker will restate its financial results since 2011 and show a $1.5 billion increase in 2015 pretax profit .