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  • 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...

  • The analysis released Saturday by the International Centre for the Study of Radicalisation and Political Violence and the accounting firm EY found that the self-proclaimed caliphate's financial resources have been drained substantially since the days beginning in mid-2014 when it captured banks, oil wells and entire warehouses of weapons as it...

  • 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...

  • *Britain warns: be under "no illusions" about Russia. McCain, a known Trump critic, told the Munich Security Conference that the resignation of the new president's security adviser Michael Flynn over his contacts with Russia reflected deep problems in Washington. European governments have been unsettled by the signals sent by Trump on a range of foreign policy...

  • 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...

  • Chicago Board of Trade March wheat settled down 6-3/ 4 cents at $4.41 per bushel. March corn was down 5-1/ 4 cents at $3.68-1/ 4 a bushel, and March soybeans were down 11-1/ 4 cents at $10.32-1/ 2 a bushel. "This is just follow-through liquidation," said Tom Fritz, a partner at EFG Group in Chicago "The spec got too long, too fast."

  • *Britain warns: be under "no illusions" about Russia. McCain, a known Trump critic, told the Munich Security Conference that the resignation of the new president's security adviser Michael Flynn over his contacts with Russia reflected deep problems in Washington. European governments have been unsettled by the signals sent by Trump on a range of foreign policy...

  • *IMF's position on Greece has not changed, spokesman says. WASHINGTON/ BERLIN, Feb 17- The International Monetary Fund declined to comment on a media report on Friday that it was likely to contribute up to 5 billion euros to a third bailout package for Greece, saying its views on the deal had not shifted. Germany's government, gearing up for what is forecast to be a...

  • FRANKFURT, Germany— A German newspaper correspondent in Turkey has been taken into police custody in connection with his reporting on a hacker attack on the email account of Turkey's energy minister, his employer said Friday. The Welt daily said on its website that Deniz Yucel, who has both Turkish and German citizenship, went to police offices in Istanbul to...

  • President Donald Trump's defense secretary, in his debut trip to Europe, warned of an "arc of instability" on Europe's periphery and told nervous allies that the United States would stand with NATO partners to confront shared threats. Defense Secretary Jim Mattis' remarks to the Munich Security Conference came as Europe fears Trump could retreat from...

  • BERLIN, Feb 17- The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. Earlier on Friday, a German Finance Ministry spokeswoman said Berlin considered it essential that the IMF participate. The Spiegel report said the IMF...

  • *Unilever says $50/ shr bid too low. LONDON, Feb 17- Unilever rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit. A combination of the two multinationals would be the third-biggest takeover in history and the biggest ever acquisition...

  • BERLIN/ RUESSELSHEIM, Germany, Feb 17- Germany will do all it can to secure Opel plants and jobs in the country if Peugeot maker PSA buys the General Motors business, Chancellor Angela Merkel said on Friday, highlighting the political challenges the carmakers face in sealing a deal. GM and PSA said this week they were in talks over a potential deal for the French...

  • FRANKFURT, Germany— Employee representatives and union leaders at General Motor's Opel subsidiary say they're ready for "constructive talks" with France's PSA Group about a possible takeover— but will push to keep current jobs and factories. They said "our objective must be to seize the existing opportunities to safeguard employment and sites to create a...

  • BERLIN, Feb 17- Chancellor Angela Merkel said on Friday her government would do all it can politically to secure Opel jobs and plants in Germany after PSA Group's proposed acquisition of General Motors' European arm. "With Opel, the talks are underway. The government has a coordination process underway, "Merkel told reporters after meeting Canadian Prime...

  • *Egypt wheat tender in focus after brisk recent demand. PARIS/ SINGAPORE, Feb 17- Chicago wheat and corn futures fell for a second straight session on Friday, after reaching multi-month highs this week in a fund-fueled rally seen as lacking clear fundamental drivers. The Chicago Board Of Trade most-active wheat contract was down 0.8 percent at $4.44-1/ 4 a bushel.

  • *Egypt wheat tender in focus after brisk recent demand. PARIS/ SINGAPORE, Feb 17- Chicago wheat and corn futures fell for a second straight session on Friday, after reaching multi-month highs this week in a fund-fuelled rally seen as lacking clear fundamental drivers. The Chicago Board Of Trade most-active wheat contract was down 0.8 percent at $4.44-1/ 4 a bushel.

  • LONDON, Feb 17- It seem as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion while the government in Athens says it will not impose one euro more in cuts on its austerity-battered public. There are differences this time from two years ago when a battery of "last chance" meetings over a new bailout brought...