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Wires

  • SINGAPORE, Feb 24- Traders are selling oil held in tankers anchored off Malaysia, Singapore and Indonesia in a sign that the production cut led by OPEC is starting to have the desired effect of drawing down bloated inventories. Yet in the short-term, the crude released from tankers will weigh on markets and possibly undermine OPEC's goal of achieving a balanced...

  • CHICAGO, Feb 23- A second straight month of record low U.S. pork belly inventories in January will likely intensify speculation about a potential national bacon shortage, but analysts said more supply will soon be available. In early February, the Ohio Pork Council stoked alarm by publicizing that belly stocks were at their lowest in half a century, and it...

  • SYDNEY, Feb 24- London copper prices found modest support on Friday after a big fall overnight amid fresh doubts over Chinese demand and some upward movement in the U.S. dollar. *Three-month copper on the London Metal Exchange was up $7, or 0.1 percent, at $5,866 a tonne by 0105 GMT after falling 3 percent in the previous session. *The most-traded copper contract on the...

  • SAO PAULO, Feb 23- BRF SA, the world's largest poultry exporter, posted a fourth-quarter net loss of 460 million reais, a reversal from a 1.4 billion reais profit turned a year earlier. But sales from units abroad increased 16.7 percent year-on-year, pointing to a solid expansion in the long term, mainly in Asia thanks to demand from China's market.

  • Feb 24- Gold prices held steady on Friday near 3-1/ 2- month highs hit in the previous session following tempered expectations of a U.S. rate hike in March, and as investors awaited clarity on President Donald Trump's economic policy. *Spot gold inched down 0.1 percent to $1,248.21 per ounce at 0054 GMT. The metal, which hit $1,251.14, the highest since Nov. 11, in the...

  • MEXICO CITY, Feb 23- Mexico on Thursday expressed "worry and irritation" about U.S. policies to two of President Donald Trump's top envoys, giving a chilly reply to the new administration's hard line on immigration, trade and security. The U.S. government angered Mexico this week by saying it was seeking to deport many illegal immigrants to Mexico if they entered...

  • West Texas Intermediate fell 13 cents, or 0.2 percent, to $54.32 a barrel by 0048 GMT, having closed up 86 cents in the previous session. On Thursday, sources told Reuters that the joint OPEC/ non- OPEC technical committee reported an 86 percent compliance on the oil cuts in January. Earlier, sources reported over 90 percent compliance within OPEC.

  • HERCULES, Calif. _ Bio-Rad Laboratories Inc. on Thursday reported a fourth-quarter loss of $20.6 million, after reporting a profit in the same period a year earlier. Bio-Rad shares have increased slightly more than 5 percent since the beginning of the year. Keywords: Bio-Rad Laboratories, Earnings Report.

  • ANDOVER, Mass. _ Vicor Corp. on Thursday reported a loss of $2.7 million in its fourth quarter. On a per-share basis, the Andover, Massachusetts- based company said it had a loss of 7 cents. Vicor shares have increased almost 2 percent since the beginning of the year.

  • DALLAS _ Ashford Inc. on Thursday reported fourth-quarter net income of $727,000. On a per-share basis, the Dallas- based company said it had profit of 25 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Offshore production from the Gulf of Mexico accounted for more than half the total gain, adding an extra 175,000 bpd, with output from Alaskas North Slope also up 61,000 bpd. However, production increases were also reported from onshore predominantly shale plays in North Dakota, Oklahoma, New Mexico and Texas. Production from the contiguous United States...

  • MECHANICSBURG, Pa. _ Select Medical Holdings Corp. on Thursday reported fourth-quarter profit of $20.2 million. Select Medical expects full-year earnings to be 73 cents to 91 cents per share, with revenue in the range of $4.4 billion to $4.6 billion. Select Medical shares have decreased roughly 2 percent since the beginning of the year.

  • CALGARY, Alberta, Feb 23- Most oil and gas firms in Canada's oil-rich Alberta, which cut costs following the crude crash in 2014, are looking to run even leaner, according to the author of a report from professional services firm EY released on Thursday. The western province of Alberta is home to Canada's vast oil sands deposits and is the top exporter of crude to the...

  • *Yuan flat after Trump calls the China "grand champions" of FX manipulation. President Donald Trump called China "grand champions" of currency manipulation. Over the past month or so, financial markets have been buffeted by rising protectionism under the Trump administration, and the President's latest comments on China does little to raise confidence on trade...

  • BEIJING _ China Biologic Products Inc. on Thursday reported fourth-quarter profit of $19.4 million. On a per-share basis, the Beijing- based company said it had profit of 71 cents. China Biologic Products shares have climbed slightly more than 2 percent since the beginning of the year.

  • TOKYO, Feb 24- The dollar clawed back some ground on Friday after skidding to a two-week low against the yen, but was still on track for weekly losses after the Federal Reserve meeting minutes disappointed dollar bulls. "Market participants were still digesting the FOMC minutes from the January meeting, and there seems to be two different camps in the reading of...

  • DENVER _ Synergy Resources Corp. on Thursday reported fourth-quarter profit of $5.3 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share. Synergy Resources shares have decreased nearly 5 percent since the beginning of the year.

  • MEXICO CITY, Feb 23- Mexico is increasingly confident that U.S. Trump wants to renegotiate the North American Free Trade Agreement with Mexico and Canada, but talks cannot begin until he triggers a 90- day notice period by informing Congress. The view of some Mexican officials and business leaders that the U.S. Congress, Supreme Court and some state governors are...

  • SAN DIEGO _ La Jolla Pharmaceutical Co. on Thursday reported a loss of $24.9 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.22 per share. La Jolla Pharmaceutical shares have climbed nearly 4 percent since the beginning of the year.

  • CRANBERRY TOWNSHIP, Pa. _ MSA Safety Inc. on Thursday reported fourth-quarter profit of $24.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. MSA Safety shares have climbed slightly since the beginning of the year.