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  • *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...

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • MELBOURNE, Feb 12- London copper firmed on Friday but was still facing its biggest weekly drop in a month as a holiday in top consumer China eroded buying support and fears of another wave of bank defaults fuelled jitters over the global economy. *The Shanghai Futures Exchange was closed for a fifth day for China's New Year celebrations and will reopen on Monday.

  • Democrats failed in their attempt to amend the legislation to retain the flight service as part of the FAA. The failed Democratic amendment to keep air traffic control within the FAA would have made FAA funding mandatory, protecting it from political squabbles over the budget. It would also have required reforms to ensure adequate controller staffing and the...

  • *Rising yen, falling stocks undermines Japan's economy. TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday the government would take necessary steps to deal with currency volatility, the minister's strongest hint of intervention since the yen began its surge this month. The dollar fell below 111 yen on Thursday to hit its lowest level since October...

  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • HOUSTON _ Forum Energy Technologies Inc. on Thursday reported a fourth-quarter loss of $163.6 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Ten analysts surveyed by Zacks expected $195.6 million.

  • SINGAPORE, Feb 12- Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe haven demand. Spot gold rose to $1,260.60 on Thursday, its highest in a year, before paring some gains to close up 4 percent in its biggest daily gain in about 2-1/ 2 years.

  • Bill Shuster, R- Pa., said "transformational" change is needed because the FAA's air traffic modernization program is taking longer and costing more than anticipated. Both sides agree the delays and cost overruns have come partly because Congress has subjected the agency to shutdowns, furloughs and repeated short-term funding extensions.

  • *Yen at 15- month high despite Japan's verbal intervention. TOKYO, Feb 12- Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. Shares in Australia and South Korea fell about 0.5 percent...

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...

  • -Lipper@ NEW YORK, Feb 11- Investors pulled money from U.S.-based stock funds again during the most recent week, piling into Treasuries, gold and other safe-haven assets as global market performance continued to falter. The stock funds posted $1.5 billion in withdrawals during the week that ended Feb. 10, Lipper data showed on Thursday, as money fled the risk assets...

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • LIMA, Feb 11- Peru's central bank raised the benchmark interest rate for the third straight month on Thursday and warned that rising inflation expectations threatened to trigger a feed-back loop of quickening price hikes. The central bank has risen the interest rate four times in the past six months as the currency has tumbled against the dollar amid...

  • TOKYO, Feb 12- Japan's Nikkei share average fell below the psychologically important mark of 15,000 for the first time in 16 months, as the dollar dived to a 15- month low against the yen. The Nikkei fell as much as 4.6 percent to trade at 14,992.14 in early morning trade, the lowest level since October, 2014.. The broader Topix dropped 3.5 percent to 1,221.03, and the...

  • VANCOUVER, British Columbia _ Mercer International Inc. on Thursday reported fourth-quarter profit of $21.7 million. Mercer International shares have dropped 32 percent since the beginning of the year. Keywords: Mercer International, Earnings Report.

  • NEW YORK, Feb 11- A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why orders that restricted it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. District Judge Thomas Griesa in Manhattan gave bondholders until mid-February to show why the...

  • BRASILIA, Feb 11- Iran and Brazil are in talks about a possible Iranian investment in troubled refinery projects controlled by Brazilian state-led oil company Petroleo Brasileiro SA, a Brazilian government source told Reuters on Thursday. Iran, which is boosting oil output after the end of sanctions over its nuclear program, is interested in exporting oil to...

  • SINGAPORE, Feb 12- U.S. crude prices bounced away from 12- year lows early 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 came after a Middle East energy minister of an OPEC country said the producer club was willing...

  • WASHINGTON, Feb 11- The U.S. House of Representatives will vote on Friday on legislation broadening sanctions against North Korea that is expected to pass with overwhelming support, sending the measure to the White House for President Barack Obama to sign into law. Ben Rhodes, his deputy national security adviser, said the White House would review the measure...