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  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • If Moreno is forced into a second round, analysts expect Ecuador's fractured opposition to coalesce around Lasso amid an economic downturn and corruption scandals in OPEC's smallest member state. That would further bolster the right in South America, after Argentina, Brazil and Peru all shifted away from leftist rule in the past 18 months as a commodities...

  • NEW YORK— Kraft Heinz has withdrawn its $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low. The fact that it bid for all of Unilever and not just its food business indicates that Kraft Heinz is potentially open to acquiring other packaged consumer goods, one analyst said.

  • If Moreno is forced into a second round, analysts expect Ecuador's fractured opposition to coalesce around Lasso amid an economic downturn and corruption scandals in OPEC's smallest member state. That would further bolster the right in South America, after Argentina, Brazil and Peru all shifted away from leftist rule in the past 18 months as a commodities...

  • PARIS, Feb 18- PSA Group's Chief Executive Officer has asked for a meeting with British Prime Minister Theresa May on the planned acquisition of General Motors' Opel and Vauxhall operations, a spokesman for the French carmaker said on Saturday. "Carlos Tavares has asked to meet Theresa May," the spokesman said. Germany accounts for half of GM Europe's 38,000 staff,...

  • Feb 17- Buyout firm 3 G Capital managed to build a consumer empire with a market value of over $140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3 G-backed Kraft Heinz Co's $143 billion bid for Unilever Plc.. Its investment approach has attracted backers ranging from billionaire investor Warren Buffett, who has helped...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson...

  • Globally, the Organization of the Petroleum Exporting Countries and other producers, including Russia, agreed to cut output almost 1.8 million barrels per day during the first half of 2017.. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend the pact or apply deeper cuts from July if global crude...

  • U.S. energy companies added oil rigs for a fifth straight week, Baker Hughes said, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend...

  • U.S. energy companies added oil rigs for a fifth straight week, Baker Hughes said, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November. Estimates suggest compliance by OPEC is around 90 percent, and Reuters reported on Thursday that OPEC could extend...

  • NEW YORK— U.S. food giant Kraft Heinz Co. said that its bid to acquire Europe's Unilever had been rejected, but that it would still try to hammer out a deal. Brands: More than 200, including Oscar Mayer, Jell-O, Velveeta, Ore-Ida, Classico, Capri Sun, Grey Poupon, Planters, Maxwell House, Kool-Aid and Philadelphia. Brands: More than 400, including Dove, Hellman's, Lipton,...

  • Lee Jae-Yong (C), vice chairman of Samsung Electronics, arrives to be questioned as a suspect in a corruption scandal that led to the impeachment of South Korea's President Park Geun-Hye, at the office of the independent counsel in Seoul on February 13, 2017.

    Lee was arrested for his alleged role in a corruption scandal that led to the impeachment of Korean president Park Geun-hye.

  • By Kit Rees and Danilo Masoni. LONDON, Feb 17- European shares posted their second week of gains on Friday with personal and household goods stocks led by a leap in Unilever's shares after a takeover bid, though banking and resources stocks saw a pull-back. A prime example of M&A activity was a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co...

  • LONDON, Feb 17- Sterling sank to a 10- day low against the euro on Friday after a surprise third monthly fall running in British retail sales pointed to weakening consumer sentiment as the government gets ready to launch talks on leaving the European Union. It fell to a one-week low of $1.2388, down almost 1 percent on the day, before recovering to $1.2418 in the...

  • NEW YORK, Feb 17- The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency. The dollar improved versus most peers with the exception of the yen, leaving it little changed on the week following mildly hawkish...

  • Personetics, which has offices in New York, London and Tel Aviv, creates "chatbots" that can respond to customer questions through popular messaging platforms like Facebook Inc's Messenger. The division was initially allocated $100 million to invest but was given an extra $100 million in July. It has backed more than a dozen companies so far, including automated...