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  • Feb 24- Cempra Inc said on Friday that its oral experimental drug to treat acute bacterial skin infections met the main goal of a late-stage study, sending the company's shares surging about 40 percent in premarket trading. ABSSSI leads to hospitalization of about 5.2 million patients in the United States and Western Europe each year and is often treated with...

  • *United States fall back to third place behind France. BERLIN, Feb 24- China for the first time became Germany's most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. "Given the protectionist plans of the new U.S. president one would expect that the trade ties between Germany and...

  • LONDON, Feb 24- U.S. soybeans edged up on Friday, boosted partly by a weaker dollar which helped the market rebound from an earlier six-week low, but the market remained on course for a weekly loss. The most active soybean futures on the Chicago Board Of Trade rose 0.3 percent to $10.14-3/ 4 per bushel by 1122 GMT after hitting a six-week low of $10.09-1/ 2 a bushel...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • By Eric Auchard and Sophie Sassard. FRANKFURT/ LONDON, Feb 24- Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth. Next week's Mobile World Congress in Barcelona will feature phone...

  • By Eric Auchard and Sophie Sassard. FRANKFURT/ LONDON, Feb 24- Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth. Next week's Mobile World Congress in Barcelona will feature phone...

  • FRANKFURT, Feb 24- Opel's European works council said it had agreed to open a line of communication with its counterpart at PSA Group as the French carmaker holds talks over a tie-up with the company. PSA, the Paris- based maker of Peugeot and Citroen cars, and General Motors confirmed on Feb. 14 they were in talks over a PSA-Opel tie-up to create Europe's...

  • FRANKFURT, Feb 24- Opel's European works council said it had agreed to open a line of communication with its counterpart at PSA Group as the French carmaker holds talks over a tie-up with the company. PSA, the Paris- based maker of Peugeot and Citroen cars, and General Motors confirmed on Feb. 14 they were in talks over a PSA-Opel tie-up to create Europe's...

  • STUTTGART, Feb 24- Daimler's Mercedes-Benz Vans division is looking closely at a growing demand in the United States for mid-sized pick-up trucks to see whether there is market potential to launch its X-Class model there, divisional head Volker Mornhinweg said on Friday. Mercedes-Benz Vans has already developed a mid-sized pick-up truck to be sold in South...

  • BERLIN— New statistics show that China and France have overtaken the U.S. as Germany's largest trading partners. Germany's Federal Statistical Office reported Friday that trade between the country and China in 2016 totaled some 170 billion euros worth of goods. It remained Germany's largest market for exports, however, with a total value of 107 billion euros...

  • ATHENS, Greece— Greece's era of austerity is over, Greek Prime Minister Alexis Tsipras claimed Friday, as he painted a positive picture of the reforms his government has agreed to take after the bailout program ends in 2018.. Speaking in parliament, Tsipras described the deal reached Monday as an "exceptional success" and said it showed the country's creditors...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *U.S., Asia traders start selling most costly stored crude. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. TOKYO- Bank Of Japan Executive Director Shigehiro Kuwabara to attend the Third FinTech Forum. SANTA CRUZ, United States- San Francisco Fed President John...

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. TOKYO- Bank Of Japan Executive Director Shigehiro Kuwabara to attend the Third FinTech Forum. SANTA CRUZ, United States- San Francisco Fed President John...

  • BRUSSELS— The head of the European Union's executive commission says he does not want a "hard border" between Northern Ireland and member state Ireland once Britain has broken away from the bloc. Once the divorce proceedings are complete, possibly sometimes in 2019, the EU could in theory have a hard border with the U.K. through Ireland. Northern Ireland is part of...

  • BAKU, Feb 23- The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said on Thursday, despite the risk of delays to this option for reducing dependence on Russia. Politicians and ministers meeting in Baku backed the $40 billion, 3,500- km chain of pipelines, a step towards curbing Russia's one-third share of Europe's...

  • VIENNA— Austria's defense minister says that state prosecutors have begun preliminary proceedings on suspicion of fraud against Airbus and an affiliated company regarding his country's purchase of 15 combat aircraft. The accusation against Airbus Defence and Space GmbH and Eurofighter Jagdflugzeug GmbH is based on Austria's purchase of 15 used...

  • *USDA pegs U.S. 2017 soy plantings at record 88 mln acres. *USDA sees U.S. 2017 corn plantings down 4.3 pct from 2016. As of 11:15 a.m. CST, the Chicago Board of Trade March soybean contract was down 8-3/ 4 cents at $10.14 per bushel after dipping to $10.13-1/ 4, its lowest since Jan. 12.

  • BRUSSELS, Feb 23- EU chief executive Jean-Claude Juncker assured Irish Prime Minister Enda Kenny on Thursday that his negotiators would push to protect Ireland's interests around Northern Ireland during Brexit talks with London. Kenny met European Commission President Juncker and EU Brexit negotiator Michel Barnier in Brussels, where he stressed...

  • Feb 23- Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday. Norwegian's $65 fares will be for a one-way ticket to UK and Irish destinations from smaller airports in New York state,...