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  • LONDON, Feb 11- Shire, the London- listed drugmaker buying Baxalta International for $32 billion, reported a better-than-expected 13 percent rise in fourth-quarter earnings on Thursday, helped by strong sales of its ADHD treatment Vyvanse. The London- listed company clinched its biggest acquisition to date in January, with a cash and shares deal to buy the...

  • Head of Google in Europe grilled by UK lawmakers Thursday, 11 Feb 2016 | 7:15 AM ET

    Meg Hillier, who chairs the Public Accounts Committee, captured the mood when she accused Google's Matt Brittin of having "tin ears" to the complaints about the 130 million pound deal for back taxes in Britain. The session tapped into a public zeitgeist of fury over multinational corporations that operate in Britain but have tax bases elsewhere.

  • *Wall Street expected to open down 1.7 percent. *Hong Kong shares lead Asia equity markets lower. LONDON, Feb 11- The dollar hit a 16- month low against the yen on Thursday and headed for its worst week since the Lehman crisis as investors scrambled for relative safety, buying up gold and top-rated bonds and dumping stocks.

  • Nielsen tops Street 4Q forecasts Thursday, 11 Feb 2016 | 6:51 AM ET

    OXFORDSHIRE, Britain _ Nielsen NV on Thursday reported fourth-quarter profit of $251 million. The Oxfordshire, Britain- based company said it had profit of 68 cents per share. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

  • LONDON, Feb 11- HSBC, Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago. The memo, in which Gulliver expresses caution on the outlook for HSBC's revenues this year, comes at a significant time, days before HSBC's board...

  • UPDATE 1-HSBC drops plan for 2016 pay freeze Thursday, 11 Feb 2016 | 5:34 AM ET

    LONDON, Feb 11- HSBC, Europe's largest bank, has dropped plans to freeze pay this year while remaining cautious on the outlook for its revenues, a memo from Chief Executive Stuart Gulliver seen by Reuters said on Thursday. The memo comes days before HSBC's board is set to meet to discuss whether the bank will move its headquarters to Hong Kong or stay in London.

  • Committee chairman Paul Murphy, a Labour member of the House of Lords, said the bill had many positive features, but the government "has a significant amount of further work to do before Parliament can be confident that the provisions have been fully thought through." Earlier this week another group of lawmakers, the Intelligence and Security Committee, said the...

  • *Japan& China shut for public holidays. LONDON, Feb 11- The yen jumped 2 percent to its strongest in 15 months against the dollar on Thursday in another wave of global capital flows into the traditional security of Japan, raising expectations of official intervention to cool the currency's rise. "We got to 8 a.m. this morning and it just hit in a wave," said Richard Benson,...

  • *Iran offers crude to Asia at discount to Saudi Arabia. LONDON, Feb 11- Oil slid on Thursday, dented by record U.S. crude inventories at the Cushing delivery point, worries about the demand outlook, and as Goldman Sachs said prices would remain low and volatile until the second half of the year. In a sign that producers are still competing for market share by lowering...

  • The Latest: European stock markets close sharply lower Thursday, 11 Feb 2016 | 4:14 AM ET

    Germany's DAX benchmark index fell 2.9 percent to close at 8,752.87 while Britain's FTSE 100 shed 2.4 percent to 5,536.97. France's CAC 40 dropped 4.1 percent to 3,896.71, dragged down by bank Societe Generale, which fell 12.6 percent after warning on profits. All eyes are turning to Federal Reserve Chair Janet Yellen as she prepares to give her second day of...

  • *2015 underlying earnings down 51 pct to $4.54 bln. MELBOURNE/ SYDNEY, Feb 11- Rio Tinto scrapped its generous payout policy in the face of a bleak outlook for the global economy after it slumped to a net loss for 2015 and posted its worst underlying earnings in 11 years. The macro outlook remains challenging, "Chief Executive Sam Walsh told reporters.

  • EU chief fears copycat 'Brexit' referendums Thursday, 11 Feb 2016 | 3:27 AM ET

    Other EU leaders are ready to copy David Cameron’s referendum tactics for their own “egotistic goals”, the European Council president has said. The FT reports.

  • HELSINKI— Nokia Corp. saw fourth-quarter profit grow more than 50 percent to 498 million euros on a slight increase in sales, but the telecom networks company cautioned it would face some "market headwinds," especially in China. The pared-down Finnish company, which sold off HERE mapping services in November after selling its handsets division, said it can...

  • Japan stock index down more than 5 percent Thursday, 11 Feb 2016 | 2:15 AM ET

    The latest slump reflected heightened concerns that global economic growth is slowing, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy in testimony to congress Thursday. Kinahan, TD Ameritrade's chief strategist. The price of oil tumbled to $26.21, its lowest level since May 2003.

  • DIARY-Top Economic Events to Feb 24 Wednesday, 10 Feb 2016 | 7:01 PM ET

    LONDON- Bank of England deputy governors, Jon Cunliffe and Andrew Bailey, to appear at Lords committee on euro zone financial system- 1130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens appears before the House of Representatives' Standing Committee on Economics in his twice yearly parliamentary testimony- 2230 GMT. WASHINGTON- Federal Reserve...

  • Expedia lost $13 million in the fourth quarter in part from closing its purchase of vacation rental site HomeAway Inc for $3.9 billion, a move that could ramp up competition with apartment-sharing startup Airbnb. Last year marked a deal-making spree for Expedia in which it also bought Orbitz Worldwide Inc for $1.3 billion and Travelocity for $280 million.

  • *EIA says Cushing crude stocks hit record near 65 mln bbls. The Cushing build eclipsed a more bullish number from the EIA showing total U.S. crude stockpiles down for the first time in three weeks. "Since we are going into refinery maintenance season, and coupled with Iranian oil coming into the market, any rally will be short-lived," said Tariq Zahir, crude trader and...

  • NEW YORK, Feb 10- U.S. crude prices fell 2 percent on Wednesday after stockpiles at the main U.S. delivery point hit record highs, while Brent rose for the first time in five days after Russia suggested oil producers cut output by a million barrels each. The Cushing build eclipsed a more bullish number from the EIA showing total U.S. crude stockpiles down for the first...

  • Nestle terminates IAAF sponsorship over doping scandal Wednesday, 10 Feb 2016 | 2:32 PM ET

    LONDON— Food and beverage giant Nestle told the IAAF on Wednesday that it terminated its sponsorship of athletics' governing body over fears the doping scandal could damage the company's image. The announcement came while Adidas remains in talks with the IAAF about its handling of the corruption scandal amid reports the sportswear giant was considering...

  • *Nigeria suffering its worst economic crisis for decades. LAGOS/ ABUJA, Feb 10- Nigerian Finance Minister Kemi Adeosun plans to travel to China next week, aiming to negotiate a loan of up to $2 billion to help fund record budget spending, financial and government sources said on Wednesday. They also said Nigeria- which is suffering its worst economic crisis for...