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  • A bill headed for President Obama this week includes a provision that would ban U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, closing a loophole in an 85- year-old tariff law that has failed to keep products of forced and child labor out of America. An expose by The...

  • SEOUL, South Korea— The closure of a factory park in North Korea jointly run by both Koreas has robbed the impoverished North of a rare source of legitimate hard currency. The bank has been publishing estimates of North Korea's economy since 1991. The Bank of Korea said North Korea's combined imports and exports that year were about $9.9 billion, including $2.4...

  • WASHINGTON, Feb 12- The Federal Reserve's carefully scripted decision to raise interest rates last December, and begin a return to "normal" policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. We previously studied them and decided they would not work well, "Yellen told the U.S. Senate Banking...

  • Feb 12- Some 38 percent of U.S. multinationals, universities and non-profits surveyed by an arm of the State Department are allowing female employees to defer travel or leave countries where the Zika virus has been reported. The State Department's Overseas Security Advisory Council, which has a membership of more than 3,500 U.S. companies and institutions...

  • JAKARTA, Indonesia— Human Rights Watch on Friday urged Indonesian President Joko "Jokowi" Widodo to protect gay and lesbian rights, a day after his government told instant messaging apps to remove stickers featuring same-sex couples in the latest high-profile attempt to discourage visible homosexuality in the socially conservative country.

  • NEW YORK, Feb 12- Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial markets. The precious metal has climbed 20 percent so far this year to $1,260.60 an ounce with money...

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese Finance Minister Taro Aso adopted stronger rhetoric, saying...

  • SAN FRANCISCO— Uber said Thursday that it will pay $28.5 million to settle two lawsuits that said the ride-hailing firm misled customers about its safety procedures and fees. The company told a federal judge in San Francisco that it wants to settle the class-action lawsuits by paying about 25 million riders who made U.S. trips between Jan. 1, 2013, and Jan. 31, 2016.

  • SINGAPORE, Feb 12- Chicago soybeans climbed to a one-week high on Friday, rising for a second session on support from strong demand for U.S. exports as the market eyes the return of Chinese buyers to make further purchases. Chicago Board Of Trade most-active soybeans are up 0.9 percent this week, partially recouping last week's 1.7 percent loss.

  • TOKYO— Japan's main stock index dived more than 5 percent Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in Europe and the U.S. Shares in New Zealand, Taiwan and Thailand fell while Singapore and Indonesia rose. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • SYDNEY, Feb 12- U.S. soybeans edged up to a one-week high on Friday and was set to post a weekly gain of nearly 1 percent, underpinned by strong demand for U.S. supplies. *The USDA said on Thursday morning that weekly export sales of soybeans totalled 601,000 tonnes. *The USDA reported weekly corn export sales of 346,100 tonnes, well below forecasts for 800,000 to 1.1...

  • Feb 11- Louisiana Governor John Bel Edwards presented a dire picture of the state's fiscal situation on Thursday, urging lawmakers to consider a set of budget cuts and revenue-raising measures, including tax increases. The state is contending with a $940 million budget deficit for the current fiscal year and a $2 billion projected deficit for the next fiscal...

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • MELBOURNE, Feb 12- London copper firmed on Friday but was still facing its biggest weekly drop in a month as a holiday in top consumer China eroded buying support and fears of another wave of bank defaults fuelled jitters over the global economy. *The Shanghai Futures Exchange was closed for a fifth day for China's New Year celebrations and will reopen on Monday.

  • Democrats failed in their attempt to amend the legislation to retain the flight service as part of the FAA. The failed Democratic amendment to keep air traffic control within the FAA would have made FAA funding mandatory, protecting it from political squabbles over the budget. It would also have required reforms to ensure adequate controller staffing and the...

  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • HOUSTON _ Forum Energy Technologies Inc. on Thursday reported a fourth-quarter loss of $163.6 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Ten analysts surveyed by Zacks expected $195.6 million.

  • Bill Shuster, R- Pa., said "transformational" change is needed because the FAA's air traffic modernization program is taking longer and costing more than anticipated. Both sides agree the delays and cost overruns have come partly because Congress has subjected the agency to shutdowns, furloughs and repeated short-term funding extensions.

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...

  • -Lipper@ NEW YORK, Feb 11- Investors pulled money from U.S.-based stock funds again during the most recent week, piling into Treasuries, gold and other safe-haven assets as global market performance continued to falter. The stock funds posted $1.5 billion in withdrawals during the week that ended Feb. 10, Lipper data showed on Thursday, as money fled the risk assets...