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  • 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. Shoppers have driven a relatively robust performance for Britain's economy since last June's Brexit...

  • *Prices up by most since July 2013. LONDON, Feb 17- British shoppers unexpectedly cut back on their spending in January as last year's Brexit vote pushed up inflation, official data showed on Friday, the strongest sign to date that the country's economy is heading for a slowdown. Consumers were barely fazed last year by June's decision to leave the European Union.

  • LONDON— Former British Prime Minister Tony Blair launched a campaign Friday to persuade the U.K. to rethink its decision to leave the European Union, saying those who want to remain should rise up and make their wishes known. Blair's intervention reflects the bitter divide that has gripped Britain since the June 23 referendum. While 51.9 percent voted to leave...

  • LONDON, Feb 17- The dollar was stuck near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with concerns about policy under president Donald Trump quelling hopes of a new rally in the currency. It traded less than 0.2 percent higher on the day in morning trade in Europe at 100.64, having hit an...

  • LONDON— Models and fashion editors descended on Britain's sunny capital from snowy New York Friday for the start of London Fashion Week, kicking off a whirlwind of runway shows featuring Burberry, Versus, Roksanda and dozens of other designers. "Brexit"— Britain's upcoming exit from the European Union— and political uncertainties in the U.S. and Europe dominated...

  • LONDON, Feb 17- Some of the world's biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. But mega-funds such as the Abu Dhabi Investment Authority, Saudi Arabia's Public Investment Fund and Singapore's GIC, are hiring specialists to...

  • *With H7N9 strain, poultry show few symptoms. *Over 100 people have died from bird flu in China this winter. BEIJING, Feb 17- Bird flu infection rates on Chinese poultry farms may be far higher than previously thought, because the strain of the deadly virus that has killed more than 100 people this winter is hard to detect in chickens and geese, animal health experts say.

  • *Says Dubai crude supply tightened following OPEC output cuts. SEOUL, Feb 17- SK Energy has bought Russian Urals crude for the first time in 10 years, a spokeswoman for the parent company of South Korea's top refiner said on Friday. "Dubai crude supply is tight in Asia after the OPEC cut deal, making other crude outside the region more economical," she said, adding that...

  • SEOUL, Feb 17- For Jay Y. Lee, the third-generation leader of South Korea's massive Samsung Group and scion of the country's wealthiest family, home is now a 6.56 square meter detention cell with a toilet in the corner behind a partition. He has no shower, only a wash-stand. Lee is being held in a single cell and will not be allowed contact with other inmates, said an...

  • SARASOTA, United States- Federal Reserve Bank of Chicago Executive Vice President and Director of Research Daniel Sullivan will speak on the economic outlook before a Central Banking Series event hosted by the Global Interdependence Center in Sarasota. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari...

  • SARASOTA, United States- Federal Reserve Bank of Chicago Executive Vice President and Director of Research Daniel Sullivan will speak on the economic outlook before a Central Banking Series event hosted by the Global Interdependence Center in Sarasota. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari...

  • Feb 16- Snap Inc, owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25...

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion. However it said on Thursday it was targeting a valuation between $19.5 billion and $22.3 billion, ahead of an investor roadshow due to start on Monday in London. "Snap is already demonstrating decelerating growth...

  • *German, UK officials say reassured on jobs after GM contacts. *UK union says no assurances yet, seeks PSA meeting. LONDON/ FRANKFURT, Feb 16- Germany expects PSA Group's proposed acquisition of General Motors' Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures.

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion. However it said on Thursday it was targeting a valuation between $19.5 billion and $22.3 billion, ahead of an investor roadshow due to start on Monday in London. "Snap is already demonstrating decelerating growth...

  • GUAYAQUIL/ QUITO, Ecuador, Feb 16- An ally of Ecuador's leftist President Rafael Correa and a conservative ex-banker are battling to become the next president in Sunday's election in the face of corruption scandals and a lackluster economy. A Lasso victory would intensify the return of the right in South America, where Argentina, Brazil and Peru have all shifted...

  • MOSCOW, Feb 16- Russian food retailer Lenta will focus on opening more supermarkets this year and fewer hypermarkets as it expects consumer demand to remain weak. It said it plans to open about 50 supermarkets, up from 17 last year, expanding into new regions starting with Novosibirsk in Siberia. "We see an opportunity for supermarkets to gain a substantially...

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion but fell short by targeting a valuation between $19.5 billion and $22.3 billion ahead of its marketing road show, due to start on Monday in London. "I think that the lower proposed valuation reflects feedback from...

  • LONDON/ FRANKFURT, Feb 16- General Motors has played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to Peugeot maker PSA Group, according to officials in both countries. However, two sources close to PSA told Reuters that job and plant cuts were part of the French carmaker's ongoing...

  • *Spain, Italy bond yields fall to two-week lows. LONDON, Feb 16- Investors bought up bonds of highly-indebted euro zone states like Italy and Spain on Thursday after the European Central Bank kept the door open to changing the proportion of bonds they buy from each country if market conditions change. The ECB has already been deviating from the capital key in...