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  • LONDON, Feb 12- European rose on Friday, rebounding from the previous session's steep losses, with encouraging results from Commerzbank and a rally in oil prices helping banks and commodity-related stocks to regain ground. The pan-European FTSEurofirst 300 was up 1.4 percent at 1,212.47, having closed down 3.7 percent on Thursday, when a slump in banks and...

  • ATHENS, Greece— Farmers from across Greece have begun gathering in Athens for a two-day protest against the government and its plans to impose new tax hikes and pension charges. Protesters from the island of Crete arrived by ferry early Friday and were blocked by police from entering the Agriculture Ministry in central Athens. Bailout lenders are demanding...

  • TOKYO, Feb 12- Japan's leading indicator of capital spending probably rebounded only modestly in December and exports likely dropped in January at its fastest pace in almost five years, a Reuters poll showed, indicating the pace of recovery may be slower than expected. This would result in a trade deficit of 680.2 billion yen after a 140 billion yen surplus in...

  • *German GDP expanded by 0.3 pct q/q in Q4 2015. BERLIN, Feb 12- Germany posted steady economic growth in the final quarter of 2015, as higher state spending boosted by the refugee crisis and significantly more construction offset a drag from foreign trade, the Federal Statistics Office said on Friday. "Slow but steady was the retrospective motto for 2015," said VP...

  • *Could go to $1,300 if stocks don't stop falling- Standard Bank. 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 as high as $1,260.60 an ounce on Thursday, its highest since February last...

  • LONDON, Feb 12- Britain's competition body said on Friday it had fined GlaxoSmithKline 37.6 million pounds for market abuse in striking deals to delay the launch of generic copies of its antidepressant Seroxat. GSK said it strongly disagreed and argued its actions had actually brought down the cost of medicine for the state-run health service.

  • WITHAM, England, Feb 12- Striding through a housing estate in the drizzle to hand out leaflets, 52- year-old builder Kevin Lovett throws up his arms in despair as he rails against the deceit he sees at the heart of the European Union. Pitching their dream of a proud Britain breaking free from a German-dominated bloc, the "Out" campaigners cast leading pro-Europeans...

  • TOKYO— Japan's main stock index dived Friday, leading other Asian markets lower, after a sell-off in banking shares roiled investors in the U.S. and Europe. South Korea's Kospi gave up 1.4 percent to 1,835.01 and Australia's S&P/ASX 200 fell 1.2 percent to 4,765.30. Markets in China and Taiwan are closed until Monday for Lunar New Year holidays.

  • *Tokyo volume highest since August. *When USD falls 1 yen, it pushes Nikkei down 400 pts- Nomura. TOKYO, Feb 12- Japan's Nikkei share average stumbled to a fresh 16- month low in heavy trade on Friday, and posted the biggest weekly drop since 2008 as investors scrambled to dump risky assets after the dollar dived to a 15- month low against the yen.

  • A bill headed for President Barack Obama this week includes a provision that would ban U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, closing a loophole in an 85- year-old tariff law that has failed to keep products of forced and child labor out of America.

  • SEOUL, South Korea— The closure of a factory park in North Korea jointly run by both Koreas has robbed the impoverished North of a rare source of legitimate hard currency. The bank has been publishing estimates of North Korea's economy since 1991. The Bank of Korea said North Korea's combined imports and exports that year were about $9.9 billion, including $2.4...

  • SINGAPORE, Feb 12- Oil prices jumped almost 5 percent on Friday after comments by the energy minister of OPEC- member United Arab Emirates 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 Suhail bin...

  • WASHINGTON, Feb 12- The Federal Reserve's carefully scripted decision to raise interest rates last December, and begin a return to "normal" policy, may now become a nightmare for the U.S. central bank if an economic downturn forces a return to unconventional methods. We previously studied them and decided they would not work well, "Yellen told the U.S. Senate Banking...

  • Feb 12- Some 38 percent of U.S. multinationals, universities and non-profits surveyed by an arm of the State Department are allowing female employees to defer travel or leave countries where the Zika virus has been reported. The State Department's Overseas Security Advisory Council, which has a membership of more than 3,500 U.S. companies and institutions...

  • JAKARTA, Indonesia— Human Rights Watch on Friday urged Indonesian President Joko "Jokowi" Widodo to protect gay and lesbian rights, a day after his government told instant messaging apps to remove stickers featuring same-sex couples in the latest high-profile attempt to discourage visible homosexuality in the socially conservative country.

  • 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...