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  • BEIJING, Feb 24- China is "closely watching" tax cut plans by U.S President Donald Trump, even as the country keeps its corporate tax rate unchanged, a senior finance ministry official said on Friday. President Trump plans to announce the most ambitious tax reform plan since the Reagan era in the next few weeks, the White House said earlier this month.

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. GRASBERG MINE Freeport-McMoRan began mining in Papua in...

  • MSCI's emerging market benchmark fell 0.4 percent with bourses in Hong Kong, South Korea, Russia and South Africa down more than half a percent. China's yuan joined the falls, unfazed by President Donald Trump ratcheting up the rhetoric again and declaring Beijing the "grand champions" of currency manipulation. Meanwhile Beijing said it had no intention of...

  • In an auction conducted by state-controlled Solar Energy Corporation of India for various wind projects totalling 1 gigawatt, five companies separately quoted a tariff of 3.46 rupees per unit to win the projects. "After solar cost reduction below 3 rupees/ unit, wind power cost down to 3.46 rupees/ unit through transparent auction," India's coal, power and...

  • ATHENS, Feb 24- Greek Prime Minister Alexis Tsipras defended a deal reached between Athens and its foreign creditors for further reforms in return for bailout aid, saying it was an' honourable compromise'. Tsipras said he believed relations between the country and the European Union and International Monetary Fund had turned a page after seven years in...

  • Feb 24- Canadian auto parts maker Magna International Inc posted an 8 percent rise in fourth-quarter sales due to higher demand. The company's total sales rose to $9.25 billion in the three months ended Dec. 31 from $8.57 billion a year earlier. Net income attributable to Magna was little changed at $478 million, or $1.24 per share, compared with $476 million, or...

  • TOKYO— It was not business as usual for some workers in Japan on Friday. As the clock reached 3 p.m., about 100 office workers raised champagne glasses in a cafe in the middle of Tokyo's central business district to toast "Premium Friday," a new initiative to promote better work-life balance. Company and government offices were asked to let employees leave at 3 p.m. in...

  • 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...

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell four percent on Friday as the British lender said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5 percent.

  • ATHENS, Greece— Greek Prime Minister Alexis Tsipras says an agreement with European creditors under which the country will make further reforms in 2019 is a positive one and will mark an end to austerity. The government says that any measures that burden the Greek taxpayer will be offset by an equivalent government-proposed relief measure.

  • LONDON, Feb 24- Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum. Treasury Secretary Steven Mnuchin took the edge off that optimism overnight when he said any policy steps by the Trump administration would probably have only a...

  • DAKAR, Feb 24- Funds from a dollar bank account in the name of the Jammeh Foundation for Peace, a charity founded by Gambia's former president Yahya Jammeh, flowed to Jammeh himself, not to foundation projects, according to bank records and interviews with a former charity official and a former presidential staff member. In 2012 and 2013, over $8 million was paid...

  • ALLEN, Texas _ Atrion Corp. on Thursday reported fourth-quarter earnings of $5.6 million. The Allen, Texas- based company said it had profit of $3 per share. Atrion shares have decreased nearly 4 percent since the beginning of the year.

  • FOLSOM, N.J. _ South Jersey Industries Inc. on Thursday reported fourth-quarter profit of $45.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. South Jersey Industries shares have risen almost 1 percent since the beginning of the year.

  • VANCOUVER, British Columbia _ Silver Standard Resources Inc. on Thursday reported fourth-quarter net income of $12.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Vancouver, British Columbia- based company said it had net income of 10 cents. Silver Standard Resources shares have climbed 22 percent since the...

  • CORTE MADERA, Calif. _ Restoration Hardware Holdings Inc. on Thursday reported fiscal fourth-quarter net income of $8.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Restoration Hardware shares have dropped 18 percent since the beginning of the year.

  • LONDON, Feb 24- Sterling slipped from a 2- week high to the dollar on Friday but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. A number of major banks have predicted another round of selling of sterling if talks on leaving the European Union get...

  • LONDON, Feb 24- Sterling slipped from a 2- week high to the dollar on Friday but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. A number of major banks have predicted another round of selling of sterling if talks on leaving the European Union get...

  • BEIJING, Feb 24- China's coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country's sales abroad came into effect, while Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday. Chinese Foreign Ministry spokesman Geng Shuang said he had not seen the latest figures, but that...

  • JAKARTA, Indonesia— Indonesia is hoping to ring up investment deals worth billions of dollars when Saudi Arabia's King Salman and an entourage of 1,500 officials, princes and businessmen visit the Indonesian capital next week. The March 1-9 state visit is the first to Indonesia by a Saudi monarch since 1970. Indonesia has been a source of workers for Saudi...