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  • 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...

  • 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  • MOSCOW— Russia's Central Bank has withdrawn the licenses from two of the country's banks as part of a larger effort to consolidate the banking sector.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...

  • *Lunar New Year closes most markets, with China off all week. TOKYO, Feb 8- Asian shares pared losses on Monday as a weaker yen helped Japan's Nikkei snap a four-day losing streak, but trade was thin with many regional markets closed for the Lunar New Year holiday. Financial spreadbetters predicted Britain's FTSE 100 to open around 0.6 percent higher, and Germany's...

  • TOKYO— Asian stock markets crept higher Monday in thin holiday trading, with gains kept in check as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 1.1 percent to 17,004.30 while Australia's S&P/ASX 200 was flat at 4,975.40. Markets were closed in...

  • *Saudi, Venezuela meet ends with few signs of price boost. TOKYO, Feb 8- Crude oil futures rose on Monday in thin trade as many Asian markets were on holiday for Lunar New Year, with few trading cues expected until Federal Reserve Chair Janet Yellen gives testimony to lawmakers later in the week. U.S. crude futures were also up 30 cents at $31.19, after falling 83 cents to...

  • TOKYO, Feb 8- Japan's Nikkei share average rebounded on Monday in choppy trade, snapping a four-day losing streak as a weak yen offset concerns about weak Japanese companies' earnings and slumping U.S. stocks. The Nikkei ended 1.1 percent higher at 17,004.30 after falling as low as 16,552.30 in morning trade, the lowest since Jan. 22. The market turned positive...

  • NEW DELHI, Feb 8- A doctor at a hospital in India's capital, New Delhi, was recently tracking a wall of monitors displaying the vital signs of intensive care patients admitted hundreds of miles away when red-and-yellow alerts rang out. India's top private hospitals, seizing on a shortage of critical-care doctors, are expanding into the remote management of...

  • BANGKOK, Feb 8- Shares in Thailand's Big C Supercenter surged more than 9 percent to a 13- month high on Monday after France's Casino Group agreed to sell its majority stake in the Thai hypermarket operator to TCC Group at a premium. The French retailer said on Sunday it had agreed to sell its 58.6 percent of Big C to TCC Group at 252.88 baht per share, a 28 percent...

  • *Dollar extends Friday's post-payrolls gains. *Much of Asia shut for the Lunar New Year holidays. SYDNEY/ TOKYO, Feb 8- The dollar extended its post-payrolls gains on Monday in a sluggish start to the week with the Lunar New Year holidays and the Super Bowl game all but guaranteeing a tepid session in Asia.

  • SYDNEY, Feb 8- Australian Prime Minister Malcolm Turnbull on Monday ruled out a rise in the Goods and Services Tax under pressure from within his own party, further raising the possibility that he may dissolve parliament and call a snap election. "At this stage, I remain to be convinced or persuaded that a tax mix switch of that kind would actually give us the...

  • TOKYO, Feb 8- Japan's Nikkei share average rebounded on Monday, crawling back from an early two-week low as a weak yen offset concerns about weak Japanese companies' earnings and slumping U.S. stocks. "Investors are seen unwinding their buy-yen, sell-stocks positions which were persistent in the past few days," said Yutaka Miura, a senior technical analyst at...

  • LAUNCESTON, Australia, Feb 8-- One of the dominant themes in Asia's oil products markets is the rise of Chinese fuel exports, so much so that the decline in shipments from India barely gets mentioned. India has in recent years been a fairly major player in Asia's market for refined products, given the presence of plants designed to take advantage of the country's...