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  • TOKYO, Feb 12- The Bank of Japan's surprise move to adopt negative interest rates won't contribute much to achieving its 2 percent inflation goal, according to the majority of analysts polled by Reuters. The dollar has fallen to its lowest against the yen since October 2014 and the Nikkei share average has tumbled to similar levels, while 10- year Japanese...

  • 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...

  • TOKYO, Feb 12- Japanese government bond prices slipped on Friday as profit taking emerged after a volatile week that saw debt yields sink to record lows. Bond yields had declined steadily after the BOJ adopted negative rates on Jan. 29. Mediocre demand at Friday's liquidity-enhancing auction, under which the Ministry of Finance sells existing JGB issues to the...

  • SINGAPORE, Feb 12- Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said. Barclays managed $36 billion in private banking assets in Asia as of last year, according to a survey by industry publication...

  • HONG KONG, Feb 12- Hong Kong's stocks fell for a second consecutive day on Friday, led by financials, as a global sell-off in bank shares gathered steam while concerns about the health of the global economy dragged shares in conglomerates and utilities lower. The China- enterprises index was down 0.8 percent at 7,596.87. Hong Kong's financials sub-index, fell more...

  • Lombardi was not involved in the bomber competition, an Air Force spokesman said. Northrop told Reuters it had confirmed that Lombardi was not a member of the source selection team that awarded the bomber contract, and remained confident that the Air Force had chosen the best solution to meet its bomber requirements. Lombardi, who had been the principal deputy...

  • TOKYO, Feb 12- Bank of Japan Governor Haruhiko Kuroda said on Friday he discussed global economic and market developments in a meeting with Prime Minister Shinzo Abe. "There was no particular comment from the prime minister," Kuroda told reporters, when asked what they discussed on monetary policy. Kuroda said Japan's economy was moving in line with the BOJ's...

  • SINGAPORE, Feb 12- Crude oil prices jumped more than 5 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump in Brent came after the United Arab Emirates energy minister said the Organization of the Petroleum...

  • SINGAPORE, Feb 12- Singapore's DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays' Asian private wealth business, people familiar with the matter said. Barclays managed $36 billion in private banking assets in Asia as of last year, according to a survey by industry publication...

  • *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.

  • *When USD falls 1 yen, it pushes down Nikkei by 400 yen- Nomura. TOKYO, Feb 12- Japan's Nikkei share average fell more than 5 percent to a fresh 16- month low on Friday, and was set for its biggest weekly drop since 2008 as investors rushed to dump risky assets after the dollar dived to a 15- month low against the yen. Japanese markets were closed for a public holiday on...

  • SYDNEY, Feb 12- Australia's central bank governor said Australia's economy should continue to grow moderately as falling mining investment is offset by growth elsewhere, although the current turmoil in global markets could scuttle this view. I don't expect that we will be able to answer that question for a little while yet, " Reserve Bank of Australia Governor...

  • 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...

  • SINGAPORE, Feb 12- Crude oil prices jumped almost 6 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Yet analysts said they saw little chance of OPEC and non- OPEC producers agreeing on a common policy and that low prices as a...

  • WASHINGTON, Feb 11- The U.S. Air Force on Thursday said it had replaced its acting acquisition chief, Richard Lombardi, after he disclosed that he had failed to report his wife's Northrop Grumman Corp retirement account on his annual financial disclosure form. Government Accountability Office is due to rule on a protest filed by Boeing Co and Lockheed Martin...

  • *Rajan wants to integrate India into global economy, debate. MUMBAI, Feb 12- In a video conference in mid-2014, Indian central bank governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81- year-old central bank. But in the storied halls of the Reserve Bank of India, where staff have to...