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  • PARIS, Feb 28- If financial markets are a guide, France is facing a perilous period of turbulence and uncertainty as the presidential election nears. While France's bond yields have spiked and its stocks have trailed the rest of the euro zone, as investors run scared of political risk, the country's economic prospects are actually looking up.

  • But persistent concerns over supply from large mines in Chile and Indonesia limited the decline. Three-month copper on the London Metal Exchange was 0.04- percent lower at $5,908.50 a tonne at 0700 GMT, backtracking from an intraday high of $5,944. The most-traded copper contract on the Shanghai Futures Exchange finished down 0.27 percent at 47,740 yuan a...

  • DUBAI/ LONDON, Feb 28- Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies- the United Arab Emirates, Kuwait and Qatar- believe would encourage investment in new fields but not lead to a jump in U.S. shale output, the sources said.

  • HONG KONG— Asian stocks were mostly higher Tuesday after another strong finish on Wall Street as investors awaited a speech by President Donald Trump to the U.S. Congress. KEEPING SCORE: Japan's benchmark Nikkei 225 index added 0.6 percent to 19,214.68 and South Korea's Kospi rose 0.4 percent to 2,092.57. INVESTOR INSIGHT: "There will be a few things that the...

  • SYDNEY, Feb 28- London copper was steady on Tuesday as investors looked towards a speech by U.S. President Donald Trump for more clarity on his economic policy, while persistent concerns over supply from large mines in Chile and Indonesia continued to buoy prices. *The most-traded copper contract on the Shanghai Futures Exchange was up 0.21 percent at 47,970...

  • LONDON, Feb 27- For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. Since September 2009, the U.S. Commodity Futures Trading Commission has employed a four-way classification for all traders with reportable positions in crude oil.

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • LONDON _ Ensco PLC on Monday reported fourth-quarter net income of $39 million, after reporting a loss in the same period a year earlier. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. Ensco shares have climbed 6 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • Feb 28- India's Tata Sons Ltd has agreed to pay Japan's NTT DoCoMo about $1.17 billion in connection with the termination of a joint venture in the South Asian nation, the Nikkei daily reported, without citing its sources. India's central bank blocked Tata's offer, saying a rule change the previous year prevented foreign investors from selling stakes in Indian...

  • *Trump to address joint session of Congress on Tuesday. NEW YORK, Feb 27- Wall Street closed slightly higher on Monday and U.S. While many investors were hoping Trump would unveil details of pro-business policies including tax reform, cash repatriation or infrastructure spending during his address to Congress Tuesday night, others were not ready to make new...

  • *Trump addresses joint session of Congress on Tuesday. NEW YORK, Feb 27- Wall Street rose slightly on Monday and U.S. While many investors were hoping Trump would unveil details on pro-business policies including tax reform, cash repatriation or infrastructure spending during his address to Congress Tuesday night, others were not ready to make new bets as they...

  • *UAE and Iraq pledge to catch up with output cut targets. *Iran, Libya and Nigeria remain exempt from OPEC production cuts. NEW YORK, Feb 27- Oil prices ended little changed on Monday as the prospect for U.S. crude production to continue growing offset reports of high compliance to the OPEC production cut agreement and record bullish bets that prices would rise...

  • NEW YORK/ LONDON, Feb 27- Gold fell after tapping a 3-1/ 2- month high on Monday as U.S. ounce by 2:43 p.m. EST, after rising to $1,263.80, the highest since Nov. 11, but prices failed to hold above the 200- day moving average at $1,260.74. Trump is due to address Congress on Tuesday.

  • LONDON— Former Prime Minister John Major lambasted Britain's preparations for leaving the European Union on Monday, saying the government must offer more charm and less "cheap rhetoric" if it wants to get a good deal. Major, who led the U.K.' s Conservative government between 1990 and 1997, accused pro-Brexit politicians of giving Britons unrealistic...

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organization for the global aluminum industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • MOSCOW, Feb 27- Russia is proposing the creation of an OPEC- like organisation for the global aluminium industry, TASS news agency quoted Russian Industry and Trade Minister Denis Manturov as saying on Monday. OPEC, the Organization of the Petroleum Exporting Countries, unites some of the world's largest oil producers. Its members, together with non- OPEC oil...

  • BRUSSELS, Feb 27- The European Union will not pick an immediate fight with the City of London over its right to clear euro-denominated securities, EU officials said on Monday, as Britain prepares to trigger the process of quitting the bloc. On a day when the EU executive made public tough language on Brussels' policing of financial services providers from non-EU...

  • LONDON, Feb 27- Guided by cameras and radars, and negotiating traffic and roundabouts, a self-driving Nissan car took to the streets of London on Monday for the Japanese company's first European tests of an autonomous vehicle. Britain's flexible approach to testing autonomous vehicles helped Nissan pick London for its first European tests, the director of its...

  • LONDON, Feb 27- U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. My guess is yes, but who knows when... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an...