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  • *Tender is for bonds worth 3 bln euros and $2 billion. FRANKFURT, Feb 12- Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday, sending its shares higher. Deutsche Bank has had 215 billion euros in liquidity reserves, of which 50 billion euros are in senior debt.

  • SAO PAULO, Feb 12- Latin American currencies were mostly little changed on Friday but looked set to post losses on the week as traders saw a recovery in oil prices offering only temporary respite from recent financial turmoil. Crude prices jumped after comments by the United Arab Emirates energy minister raised hopes of a coordinated output cut.

  • *Could reach $1,300 if stocks don't stop falling, analysts. Spot gold was down 1 percent at $1,234.30 an ounce by 1423 GMT, but has still risen more than 5 percent this week, the biggest weekly gain since October 2011. "Gold could test $1,260 or even $1,300 in the next few weeks, but I wouldn't be surprised if we also see some profit-taking," said Commerzbank analyst...

  • NYAHURURU, Kenya— This Valentine's Day, there's a good chance your flowers came from Kenya. "I know the flowers are for giving on Valentine's Day," said Phanice Cherop, a worker at a flower farm in Kenya. Such conditions have helped make Kenya become the world's fourth-biggest supplier after the Netherlands, Ecuador and Colombia.

  • LISBON, Portugal— He doesn't boast about being an expert deal-maker like Donald Trump, but new Portuguese Prime Minister Antonio Costa is quietly building a reputation as a canny negotiator and a government leader to watch in southern Europe by doing what many people thought was impossible. Critics says Costa is making high-stakes gambles: already, his budget...

  • LONDON, Feb 12- European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping stock markets to partly recover from the week's losses. But Deutsche Bank gained 9.6 percent on Friday after saying it would buy back more than $5 billion in senior debt, easing concern about its bonds. Germany's DAX advanced 2.2 percent, although it remains...

  • Feb 12- U.S. stocks opened higher on Friday, led by a rebound in energy and financial stocks after a steep selloff through the week. The Dow Jones industrial average was up 118.68 points, or 0.76 percent, at 15,778.86. The S&P 500 was up 13.32 points, or 0.73 percent, at 1,842.4 and the Nasdaq Composite was up 39.53 points, or 0.93 percent, at 4,306.36.

  • NEW YORK, Feb 12- The dollar rose against a basket of major currencies on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, backing the possibility of the Federal Reserve continuing to raise interest rates this year. "The print is suggestive of the idea that Janet Yellen is right and most of the is right in not being overly...

  • WASHINGTON, Feb 12- U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.. The Commerce Department said retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent...

  • *Russia, a poltical favorite, ability to fund plants, a bonus. JOHANNESBURG, Feb 12- South Africa will finalise requirements for its 9,600 megawatt nuclear power plant by April, with Russia and China the front-runners to win the bid, a government official involved in the negotiations told Reuters. Political alliances, Pretoria and Moscow's membership of the BRICS...

  • ZURICH, Feb 12- Switzerland's banking lobby on Friday criticised the country's proposed new "too big to fail" regulation, arguing it gives Swiss financial watchdog FINMA too much discretion in enforcing the new rules. "This results in the loss of legal and planning certainty for systemically relevant institutions," the Swiss Bankers Association said in a...

  • ZURICH, Feb 12- Switzerland's banking lobby on Friday criticized the country's proposed new "too big to fail" regulation, arguing it gives Swiss financial watchdog FINMA too much discretion in enforcing the new rules. "This results in the loss of legal and planning certainty for systemically relevant institutions," the Swiss Bankers Association said in a...

  • Britain, France and Germany are among the countries to have asked the European Commission to help Europe's steel industry, which is suffering from falling prices and cheap imports from China and Russia. On Friday, the European Commission announced investigations into whether seamless pipes, heavy plates and hot-rolled flat steel are sold into Europe at...

  • *Size and pattern of market moves make some fear third crisis. *Investors pick on Portugal as euro zone weak link. LONDON, Feb 12- Don't panic yet, but the financial market upheaval in recent days is worryingly reminiscent of when the 2008-2009 global financial crisis and the 2011-2012 euro zone debt crisis were in their early stages.

  • BAYONNE, N.J.— The Coast Guard says the intense winter storm that battered a cruise ship and shortened its voyage also damaged part of the ship's propulsion system. Coast Guard spokesman Charles Rowe says the Anthem of the Seas' left azipod was rendered inoperable during the storm, which packed hurricane-force winds and wave heights of 30 feet.

  • *Growth driven by demand in China. FRANKFURT, Feb 12- Volkswagen group sales returned to growth in January thanks to demand in China, where core brand VW posted its best month ever despite the furore over the German carmaker's cheating of U.S. diesel emissions tests. January group deliveries in China were up 15.4 percent, and sales in Europe were up 1.8 percent.

  • Feb 12- Wall Street was set to open higher on Friday in tandem with higher oil prices and a rebound in beaten-down bank stocks, after a punishing, widespread rout this week due to concerns about the health of the global economy. Prices of Brent crude, which has been in a tailspin for more than a year, were up nearly 5 percent on Friday after the United Arab Emirates'...

  • FRANKFURT, Germany— Germany's Deutsche Bank is offering to buy back more than $5 billion worth of its own bonds in a show of financial strength after markets sold off its stock. Investors had sold off Deutsche Bank stock after it reported a yearly loss of 6.8 billion euros on Jan. 28. Deutsche Bank's shares soared 10 percent to 15.10 euros in midafternoon trading...

  • GREENWOOD VILLAGE, Colo. _ Red Robin Gourmet Burgers Inc. on Friday reported fourth-quarter profit of $11.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. Red Robin shares have dropped roughly 5 percent since the beginning of the year.

  • Feb 12- Chinese Internet search company Baidu Inc said it received an offer for its 80.5 percent stake in online video company Qiyi.com Inc from the chief executives of the two firms. Shares of Baidu, sometimes referred to as China's Google, rose 4.1 percent to $147.21 in premarket trading on Friday. Qiyi has an enterprise value of $2.8 billion, Baidu said in...