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  • Feb 8- At a disused coffee factory in west London, Britain's largest listed industrial property developer is embarking on what it hopes will become a new approach to easing the capital's housing shortage. "London needs jobs along with housing," said Alan Holland, director of Segro's Greater London unit. Segro's entry into the housing market is symptomatic of a...

  • TOKYO, Feb 8- Japan Display Inc on Monday said it would swing to an operating loss in January-March, as client Apple Inc books slowing sales of its iPhone and while the costs of keeping up with rivals in smartphone screen technology rise. The display maker forecast a fourth-quarter loss of 1.9 billion yen versus profit of 10.7 billion yen in the same period a year...

  • MOSCOW, Feb 8- Russia's central bank revoked the banking licence of mid-sized Intercommerz bank on Monday for failing to meet capital requirements and inadequately evaluating risks. In January, though, it revoked the licence of Vneshprombank, one of Russia's top 50 banks by assets that had around 70 billion roubles in retail deposits. Intercommerz, Russia's No....

  • LONDON, Feb 8- Imagination Technologies, a supplier of graphics technology to Apple, said its chief executive Hossein Yassaie had quit, departing as the British company warned it would make an operating loss this year. Non-executive director Andrew Heath had been appointed interim chief executive, the company said on Monday, adding that it would take steps to...

  • WASHINGTON— President Barack Obama says one improvement he'd like to make at the White House for his successor is to upgrade the WiFi system. Speaking during an interview with CBS News on Super Bowl Sunday, both Obama and his wife, Michelle, said getting better quality connectivity for the Internet is a serious issue at the Executive Mansion.

  • DOHA, Qatar— The Qatari state oil company, Qatar Petroleum, says it has reached a deal with Chevron to acquire 30 percent of its stake in offshore drilling areas in Morocco. Under the terms of the deal announced Monday, Chevron will hold onto a 45- percent interest in the offshore leases, while Morocco will retain a 25 percent stake. The drilling areas are known as Cap...

  • FRANKFURT, Feb 8- E-commerce firm Africa Internet Group and French insurer AXA said on Monday they had formed a partnership in which AXA will be the exclusive provider of insurance to AIG and invest 75 million euros to take a roughly 8 percent stake in it. AXA will provide insurance products and services through AIG's Jumia unit and other AIG online and mobile...

  • The Franklin, Tennessee- based company said challenging market conditions for the aluminum industry and recent disruptions in its primary business operations led to the decision. Noranda listed both assets and liabilities in the range of $1 billion to $10 billion. The case is in U.S. Bankruptcy Court, for the Eastern District of Missouri, Case No 16-10083..

  • BANGKOK, Feb 8- Investors in Big C, one of Thailand's largest supermarket chains, cheered on Monday an up to $3.5 billion deal by France's Casino Group to sell its majority holding to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. Shares in Big C Supercenter hit a 13- month high of 251 baht on Monday, just below the offer price of 252.88 baht, and jumped...

  • WASHINGTON— The main thing to know about President Barack Obama's final, $4 trillion budget is that it comes on the same day as the New Hampshire primary, ensuring it gets minimal attention with all the focus on the White House contenders. Typically, the budget is released on a Monday, but White House press secretary Josh Earnest says Tuesday's release allowed...

  • CAPE TOWN, Feb 8- Anglo American's chief executive said on Monday the mining industry had itself to blame for oversupply in the market and cannot rely on a reversal of the commodities price slump anytime soon. Mark Cutifani told a mining conference that for some producers, adjusting supply to align with decreasing demand growth may not make sense as they seek to...

  • LONDON, Feb 8- European shares steadied in early trading on Monday after steep losses in the previous week, with some encouraging company updates and stronger mining stocks underpinning the market. Casino shares rose 5 percent after the French retailer said it had agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion...

  • NEW YORK— Chipotle restaurants across the U.S. are opening later than usual Monday so workers can attend a meeting about the chain's recent food safety scares. The company says stores will open at 3 p.m. in their local time zones, instead of the usual 11 a.m. Chipotle expects about 50,000 employees to go to more than 400 locations, such as movie theaters and hotel...

  • MOSCOW— Russia's Central Bank has withdrawn the licenses from two of the country's banks as part of a larger effort to consolidate the banking sector. The Central Bank announced on Monday that it has revoked Interkommerzbank's license. Interkommerzbank and Alta Bank clients will be able to recover up to 1.4 million rubles of their assets.

  • LONDON, Feb 8- Imagination Technologies, a supplier of graphics technology to Apple, said its chief executive Hossein Yassaie had quit, departing as the British company warned it would not make an operating profit this year.

  • LONDON, Feb 8- BT said on Monday it had started to look for a new finance director to replace Tony Chanmugam but that no formal decision had been taken on a replacement or when the change would be made. Sky News reported over the weekend that Chanmugam, who has held the role since 2008, was preparing to step down. BT is currently being reviewed by the telecoms regulator...

  • DENVER— By 2030, Colorado's population will grow from 5 million to 7 million people, thanks in part to a strong and diverse economy, the state's famed Rocky Mountain quality of life, and its constitutionally-mandated low taxes. The contradiction is most evident when the rubber hits Colorado's aging and underfunded roads. "The budget battle here plays to people...

  • LONDON, Feb 8- For all that some investors fear Britain leaving the European Union, holders of government debt have barely blinked, with prices near a three-year high last week and foreign investors making record purchases. By pushing a rise in Bank of England interest rates further into the distance,' Brexit' could be a short-term boost for holders of much of...

  • CAIRO, Feb 8- Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of 8.25 Egyptian pounds to the dollar, as compared to 7.75 pounds the previous year, two government sources told Reuters on Monday. The proposed value of the pound in the budget being drafted indicates the Central Bank of Egypt is planning to devalue the pound from the official...

  • TOKYO, Feb 8- Japanese government bond prices slipped on Monday after the Bank of Japan skipped its bond buying operation, forcing traders who were counting on the BOJ's bids to sell their position into the market. The 10- year JGB yield rose 1.5 basis points to 0.040 percent. The price of 10- year JGB futures dipped 0.09 point to 151.31, their first daily decline...