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  • LONDON, March 1- Britain's biggest trade union fears that more than 1,000 jobs could be lost at Ford's engine plant in Wales despite reassurances from the U.S. carmaker that similar levels of employment will be needed in the coming years. Ford, Britain's biggest engine builder, said last year it was scaling back investment due to lower than anticipated demand for...

  • *China, Japan Feb manufacturing activity beat expectations. LONDON, March 1- The dollar and U.S. New York Fed President William Dudley-- one of the most influential U.S. central bankers, and usually considered a dove-- said the case for tightening monetary policy had become "a lot more compelling", while San Francisco Fed President John Williams said he saw "no need to...

  • LONDON, March 1- The gap between short-dated German and U.S. government bond yields was at its widest since 2000 on Wednesday, as U.S. French government bond yields fell, meanwhile, tightening the gap with German peers after a report that conservative presidential candidate Francois Fillon has been summoned by the magistrates investigating a case involving...

  • LONDON, March 1- A day after paying out $449 million to plug a pension hole in a failed retailer, billionaire Philip Green was given a little financial relief as MySale, the online "flash" sales group he backs, reported a jump in first-half core earnings. The Topshop owner's family owns a 22 percent stake in the Australia- based MySale, while Mike Ashley's Sports Direct...

  • ZURICH, March 1- Novartis is making progress in its bid to catch rivals developing drugs that harness the immune system to fight cancer, one of its top research scientists and latest recruit from Harvard University told Reuters in an interview. Peter Hammerman joined the Swiss firm in late 2016, becoming the fourth leading cancer scientist to be poached in...

  • The rally came a day after President Donald Trump addressed Congress, reaffirming plans to cut taxes and push for other business-friendly policies. The Russell 2000 index rose 28 points, or 2 percent, to 1,414.. THE QUOTE: "It's nice to see the Dow put another thousand figure up so quickly," said Paul Christopher, head global market strategist for Wells Fargo...

  • SINGAPORE, March 1- Crude oil prices rose on Wednesday as the dollar trimmed gains and a speech by U.S. West Texas Intermediate crude futures gained 11 cents, or 0.2 percent, to $54.12 a barrel by 0415 GMT and Brent crude added 15 cents, or 0.3 percent, to $56.66. If Trump had announced de-regulations of some of the environment protections to make it easier to pump more...

  • *Spot gold had dropped 0.3 percent to $1,244.93 per ounce by 0034 GMT. The metal hit its highest since Nov. 11 at $1,263.80 on Feb. 27. *World financial markets will be scrutinizing Trump's address in the House of Representatives at 0200 GMT for specifics on how he aims to make good on promises to tackle tax reform, boost infrastructure spending and simplify...

  • DETROIT, Feb 28- Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne received $12 million in pay and benefits for 2016, the automaker reported to the U.S. Securities and Exchange Commission on Tuesday in its annual report. For 2015, Marchionne, 64, received total compensation estimated at $74 million, which included shares worth about $63 million...

  • CAMBRIDGE, United States- Federal Reserve Board Governor Lael Brainard speaks on the economic outlook and monetary policy before the Malcolm Wiener Lecture in International Political Economy event hosted by the John F. Kennedy School of Government at Harvard University- 2300 GMT. DALLAS, United States- Dallas Fed President Robert Kaplan to participate in a...

  • CAMBRIDGE, United States- Federal Reserve Board Governor Lael Brainard speaks on the economic outlook and monetary policy before the Malcolm Wiener Lecture in International Political Economy event hosted by the John F. Kennedy School of Government at Harvard University- 2300 GMT. DALLAS, United States- Dallas Fed President Robert Kaplan to participate in a...

  • *Saudi wants Brent at $60, Russia cuts Feb output. NEW YORK, Feb 28- Oil prices slipped on Tuesday but kept trading in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. West Texas Intermediate crude futures settled down 4 cents, or 0.1 percent, at $54.01 a barrel and Brent crude fell 34 cents, or 0.6 percent, to...

  • *World stock index dips with Wall Street. NEW YORK, Feb 28- Stocks in major markets dipped and the Dow snapped a streak of records while longer-dated Treasury yields fell as investors prepared for President Donald Trump's Tuesday night address to a joint Congress session. He can get some things done but it won't be as phenomenal as expected, "said Paul Eitelman,...

  • HELSINKI, Feb 28- Finnish mobile games and animation studio Rovio Entertainment swung to an annual profit in 2016 as its Angry Birds movie release helped boost its game sales and tackle competition from new challengers such as Nintendo Co's Pokemon GO. Following years of falling earnings, job cuts and divestments, Rovio's revenue increased 34 percent in 2016...

  • *Saudi wants Brent at $60, Russia cuts Feb output. NEW YORK, Feb 28- Oil prices slipped on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. West Texas Intermediate crude futures settled down 4 cents, or 0.1 percent, at $54.01 a barrel and Brent crude fell 34 cents, or 0.6...

  • *Coming up: Trump speaks to Congress at 0200 GMT. NEW YORK/ LONDON, Feb 28- The price of gold turned downward on Tuesday as the dollar came off its lows and financial markets awaited U.S. President Donald Trump's speech to Congress later this evening regarding his policies on tax reforms and government spending.

  • *Europe stocks up, world stock index dips with Wall Street. NEW YORK, Feb 28- Stocks in major markets dipped along with the U.S. dollar and U.S. He can get some things done but it won't be as phenomenal as expected, "said Paul Eitelman, Multi-Asset Investment Strategist at Russell Investments in Seattle.

  • LONDON, Feb 28- Two former Barclays traders showed scant regard for honesty and integrity when they conspired to rig global Libor interest rates, a lawyer for the UK Serious Fraud Office told a London jury trial on Tuesday. Deacon said Contogoulas, 45, was the London end of a team of New York- based traders who were part of an alleged scam that started in the summer of...

  • *Saudi wants Brent at $60, Russia cuts Feb output. NEW YORK, Feb 28- Oil prices fell more than 1 pct on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. West Texas Intermediate crude futures were down 77 cents at $53.28 a barrel and Brent crude fell 64 cents to $55.29 a barrel.

  • *Kurdistan needs funds for battle with ISIS, refugee crisis. LONDON, Feb 28- Iraq's Kurdistan has increased the loans guaranteed by future oil sales to $3 billion in new deals with trading houses and Russian state oil firm Rosneft aimed at strengthening its fiscal position as the semi-autonomous region fights Islamic State. Now traders will loan money to...