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  • Negotiations between London and other EU states to help keep Britain in the EU are "very fragile," European Council president Donald Tusk said.

  • 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...

  • 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...

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10- Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. OPEC data pointed to a larger oil supply surplus on the world market this year than previously thought, as...

  • *China markets closed for Lunar New Year, to reopen Monday. LONDON, Feb 10- Copper slid to a two-week low on Wednesday, pressured by a stronger dollar as Federal Reserve Chair Janet Yellen pointed to the prospect for further gradual adjustments to monetary policy. She cited global risks such as falling stock prices and uncertainty over China, but said there was good...

  • LONDON/ NEW YORK Feb 10- Swiss bank UBS AG is looking at the relative pay of men and women in its investment banking arm as part of its compensation review, and is taking steps to close any significant gaps, sources familiar with the matter said. The move comes as UBS, along with other Wall Street banks, looks to curb the high number of female employees who leave.

  • *Russia's Sechin floats idea of oil output cuts. NEW YORK, Feb 10 (Reuters)- U.S. oil prices fell on Wednesday, reversing an early rally, and Brent also pared gains as worries about the global supply glut offset encouraging U.S. government data showing a surprise drop in domestic crude stockpiles. "We believe there's been short covering on the headline and we feel we...

  • *Asahi eyes overseas expansion beer sales fall in Japan. TOKYO/ LONDON, Feb 10- Asahi Group Holdings Ltd is in exclusive talks to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company aims to offset slow growth at home. With Peroni, Grolsch and Meantime, Asahi would get sizeable footholds in the...

  • After being out of investors' spotlight for months, the single currency zone is facing a range of new concerns— from questions over Greece to the stability of its financial system. That's evident from developments in recent days, such as the fall in Greece's stock market to 26- year lows and questions over the financial health of Deutsche Bank, Germany's largest...

  • NEW YORK, Feb 10- Stock indexes worldwide rebounded on Wednesday after concerns eased about the banking sector and Federal Reserve Chair Janet Yellen said the U.S. central bank has plenty of flexibility to adjust monetary policy if needed. Yellen's testimony to Congress boosted sentiment. "What Yellen said has been taken positively," said Richard Sichel, chief...

  • *Energy firms cutting back projects that need insuring. LONDON, Feb 10- The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Hannover Re's chief executive Ulrich Wallin used some understatement in...

  • Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia and Kremlin oil tsar Igor Sechin proposed producing countries cut output by 1 million barrels per day- without saying whether non- OPEC member Russia would do so. While traders and delegates from OPEC doubt any deal between the group and rival producers- which would be the first in over a...

  • LONDON— Budweiser-maker AB InBev has received a binding offer of 2.55 billion euros for the European beer brands Grolsch, Peroni and Meantime— a sale that is meant to address regulatory concerns about its mega merger with SABMiller. "SABMiller has grown Peroni and Grolsch into world-renowned premium brands, and we are confident that, along with fast-growing...

  • *Gold hit $1,200.60/ oz on Monday. In her first testimony to Congress since the December rate hike, Yellen said that uncertainty over China and a global reassessment of credit risk could throw the U.S. economy off track from an otherwise solid course. The metal climbed to $1,200.60 on Monday, the highest since June 22 2015, benefiting from a weakening dollar and...

  • LONDON— For Britain and the European Union, they are three little words that expose big philosophical differences: "Ever closer union." The phrase, baked into the EU's 1957 founding treaty and other key documents, remains a fault line between Britain and its European neighbors. On Tuesday, the EU's six original member nations- including Italy, Germany and France-...

  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...