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  • SINGAPORE, Feb 27- Oil prices rose on Monday, with the market set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries and other producers agreed to cut...

  • LOS ANGELES, Feb 26- Silicon Valley crashed Hollywood's biggest awards show on Sunday as Amazon.com Inc and Netflix Inc collected the first Academy Awards for streaming services while independent studio A24 won the coveted best picture Oscar. Amazon Studios, a unit of e-commerce giant Amazon.com, scored a best actor trophy for Casey Affleck's portrayal of a...

  • LAUNCESTON, Australia, Feb 27- If you were looking for evidence of reduced crude oil supply from OPEC and its main ally in cutting output to boost prices, Russia, then stay away from Asia's top importers. January import data from China, India and Japan do little to show the impact of reduced crude supply, but do suggest that prices have risen in response to move by the...

  • *270 mln euros to be invested. PARIS, Feb 27- French drugmaker Sanofi and Swiss manufacturer Lonza will invest 270 million euros in a new large-scale biologics facility that will produce monoclonal antibodies by 2020, the two companies said on Monday. Pending regulatory approvals, the facility- which will be established through a 50-50 joint venture- will be...

  • SINGAPORE, Feb 27- Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries and other producers agreed to cut...

  • DETROIT— Japanese auto parts maker Takata Corp. is expected to plead guilty Monday to a criminal charge and agree to a $1 billion penalty for concealing a deadly air bag inflator problem. The company is scheduled to be in U.S. District Court in Detroit Monday afternoon. Judge George Caram Steeh is expected to be asked to appoint attorney Kenneth Feinberg to...

  • TOKYO, Feb 27- Japan's Nikkei share average fell to 2-1/ 2 week lows on Monday as the yen strengthened and as financial stocks dropped on lower U.S. yields. Exporters lost ground as the dollar dropped to as low as 111.925 yen on Friday, its first foray below the 112 level since Feb. 9. President Donald Trump's first major policy address to Congress on Tuesday will not...

  • *Plans second share listing in Amsterdam as Telenor sells out. BARCELONA, Feb 27- Russian and emerging markets communications network operator VimpelCom Ltd on Monday reported a return to growth in the final quarter of last year and posted solid progress in its 18- month-old turnaround strategy, including a six-fold dividend increase. VEON is a new-model...

  • For the fourth quarter, VimpelCom posted core earnings of $783 million while service revenue rose 3 percent across its dozen country markets, with strength in Pakistan and Ukraine offset by ongoing weakness in Algeria. VimpelCom generated $588 million of underlying equity-free cash flow in 2016 and raised its 2017 target to a range of $700 million to $800...

  • TOKYO, Feb 27- Japan's Nikkei share average fell to 2-1/ 2 week lows on Monday as the yen strengthened and as financial stocks dropped on lower U.S. yields. The Nikkei ended down 0.9 percent at 19,107.47 points, its lowest closing level since Feb. 9. The broader Topix fell 1.0 percent to 1,534.00 and the JPX-Nikkei Index 400 declined 1.1 percent to 13,741.44.

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with...

  • WAL-MART TELLS VENDORS IT INTENDS TO MAINTAIN MARGINS ON AVERAGE, AND WILL ABSORB SOME LOSSES TO HELP SUPPLIERS ADJUST TO NEW PRICING PLAN- SOURCES.

  • WAL-MART EXPECTS VENDORS TO HELP THE RETAILER BEAT RIVALS ON HEAD-TO-HEAD PRICING 80 PCT OF THE TIME- SOURCES.

  • EXCLUSIVE-WAL-MART STORES INC IS RUNNING A NEW PRICE-COMPARISON TEST IN AT LEAST 1,200 U.S.

  • WAL-MART DEMANDS PACKAGED GOODS SUPPLIERS OFFER PRICES THAT ARE 15 PERCENT LOWER THAN WAL-MART'S COMPETITORS- SOURCES.

  • SEOUL, Feb 27- The South Korean special prosecutor's office said on Monday it will not be able to question President Park Geun-hye in person as part of its investigation into an influence-peddling scandal that threatens to topple Park. Prosecution spokesman Lee Kyu- chul said it was regrettable prosecutors would not be able to question her in person.

  • In a report out Monday, the Commission on the Theft of American Intellectual Property says the annual losses range from about $225 billion to $600 billion. The theft of trade secrets alone costs the United States between $180 billion and $540 billion annually. Counterfeit goods cost the United States $29 billion to $41 billion annual; pirated software costs an...

  • TOKYO, Feb 27- Japanese government bond prices rose on Monday, with the five-year yield hitting a three-month low, on relief over the Bank of Japan's bond buying and caution on U.S. The BOJ bought 820 billion yen of bonds maturing in more than one to five years on Monday. "The uncertainty on the BOJ was cleared while there's growing perception that it is not easy for...

  • SHANGHAI, Feb 27- China stocks slipped on Monday after the securities regulator vowed to step up its campaign against speculation and hinted about loosening its grip on new share offerings- moves that would benefit the market in the long term, but hurt sentiment in the short run. Hong Kong stocks were little changed, as the market's strong rally since...

  • TOKYO— Negotiators from 16 Asian countries are meeting in the Japanese port city of Kobe this week for talks on a regional trade pact that could supplant the Trans-Pacific Partnership rejected by U.S. China is playing a leading role in the Regional Comprehensive Economic Partnership, or RCEP, which faces hurdles of its own. Apart from Japan and China, RCEP...