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  • NEW YORK— U.S. stocks are falling Friday morning as investors again look for safer places to put their money. Business technology company Hewlett Packard Enterprises is falling after it announced weak sales. The Standard& Poor's 500 index fell 6 points, or 0.2 percent, to 2,358. The Nasdaq composite sank 17 points, or 0.3 percent, to 5,818. The Russell 2000 index,...

  • NEW YORK, Feb 24- Next week's planned US $3.2 bn IPO of Snap Inc, maker of the popular Snapchat app, is oversubscribed, market sources told IFR on Friday. The much-awaited deal is scheduled to price on Wednesday, with the company set to begin trading on the New York Stock Exchange the following day. Potential buyers have been plentiful at lunches in New York and London...

  • Graeme Pitkethly said Kraft's offer had highlighted the importance of achieving a balance between long-term sustainable value, which it had prioritised, and short-term delivery. "This has certainly been a trigger moment for Unilever, and we will not waste it," he said at the CAGNY conference in New York in a presentation streamed on its website.

  • *Six U.K. P&I clubs account for half market share. *Two P&I clubs already regulated in Luxembourg. LONDON, Feb 24- U.K.- regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

  • LONDON, Feb 24- The head of French carmaker PSA played down the threat to British factories when he discussed the potential takeover of GM's European operations with union officials and politicians in London on Friday. The British visit was the latest part of a charm offensive by Carlos Tavares, chief executive of Peugeot-maker PSA, after news broke last week...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *OPEC compliance to rise as UAE, Iraq pledge to catch up. Compliance is set to rise even further in coming months as OPEC laggards United Arab Emirates and Iraq have pledged to catch up with their individual targets.

  • LONDON, Feb 24- Unilever said the shock of Kraft Heinz's opportunistic approach had jolted it to re-examine its strategy, and all aspects of the consumer goods giant's business were up for review to increase shareholder value. Chief Financial Officer Graeme Pitkethly said the Kraft bid had created an "inflection point," and had highlighted the importance of...

  • LONDON, Feb 24- Bond market jitters spilled over into stocks on Friday, pulling European indexes lower for a third straight session, and the dollar was poised for a weekly loss as "Trumpflation" trades lost momentum. Treasury Secretary Steven Mnuchin took the edge off those expectations in his first televised interviews since he took office last week, when he said...

  • LONDON, Feb 24- Britain's business minister Greg Clark said he discussed with the chief executive of Peugeot the firm's approach to expand production, rather than close plants, as the French carmaker explores taking over GM's Vauxhall and Opel brands in Europe. Clark met PSA's Carlos Tavares in London on Friday as concerns mounted about the future of jobs and...

  • LONDON, Feb 24- The dollar hit a one-week low on Friday and was set for its first week of falls in three, as the "Trumpflation trade" that took the greenback to 14- year highs earlier this year faded, and as worries over France's presidential election eased. A poll on Friday suggested Macron would win 23 percent of the vote share in a first round of voting on April 23,...

  • "We will not accept any empty shells or' letterbox companies' where the business effectively continues to be done out of London," he said at a London conference organized by zeb, a financial services consultancy. "This includes seemingly creative solutions such as' fly-and-drive' banking, where bankers fly in daily from London, or' dual hatting', where transactions...

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell as much as 5 percent on Friday as the British bank said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5 percent.

  • LONDON, Feb 24- There is no rush to complete new bank capital rules given that the Trump administration has yet to nominate the U.S. Daniel Tarullo, a Federal Reserve governor who has been closely involved in banking rules, is stepping down in early April and his replacement, who would sit on the oversight body, has not been announced. "This person will probably need...

  • LONDON, Feb 24- The head of French carmaker PSA played down the threat to British plants as he discussed his potential takeover of GM's European operations during a visit to London on Friday. Carlos Tavares, chief executive of Peugeot-maker PSA, has been on a charm offensive to reassure politicians and unions that any deal to buy the Opel business would not lead to...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • U.S. stocks have screamed to records since Election Day because investors are expecting Donald Trump's White House to cut taxes for business, make regulations easier for them and goose more growth out of the economy. "When we had the election, there was initially shock," said Darrell Riley, a vice president at T. Rowe Price who helps set the strategy for how $240...

  • LONDON, Feb 24- Gold hit its highest in about 3-1/ 2 months on Friday as the dollar headed for its first week of decline in three after the new U.S. finance chief poured cold water on the "Trumpflation trade" that had boosted the greenback this year. "We've got a vacuum of policy, real rates going down, the dollar going sideways and geopolitical around the world... all helping...

  • LONDON, Feb 24- Communications group Arqiva and Samsung Electronics will trial Britain's first 5 G network in London this year, the companies said, with the capability of delivering ultra-fast broadband to mobile devices and potentially autonomous vehicles. Arqiva, which provides TV broadcast and mobile infrastructure, said the fixed wireless access...

  • LONDON, Feb 24- Digital currency bitcoin jumped to a record high above $1,200 on Friday, as investors speculated the first bitcoin exchange-traded fund to be issued in the United States is set to receive regulatory approval. It soared to as high as $1,200 per bitcoin in early Asian trading on Europe's Bitstamp exchange, before easing to about $1,190....

  • In an auction conducted by state-controlled Solar Energy Corporation of India for various wind projects totalling 1 gigawatt, five companies separately quoted a tariff of 3.46 rupees per unit to win the projects. "After solar cost reduction below 3 rupees/ unit, wind power cost down to 3.46 rupees/ unit through transparent auction," India's coal, power and...