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  • ALMATY, Feb 22- A Russian Progress cargo space craft blasted off for the International Space Station from the Baikonur cosmodrome in Kazakhstan on Wednesday, the first such mission since a failed launch in December. The space craft, carried by the same Soyuz booster rocket as used for manned launches, took off at 11:58 with the launch broadcast live by NASA TV.

  • HONG KONG, Feb 22- Hong Kong handed out billions in tax cuts and poverty relief on Wednesday, to stimulate its economy that is expected to grow more strongly than expected at 2 to 3 percent this year despite headwinds from rising global trade protectionism. Financial Secretary Paul Chan said in his maiden annual budget address that stronger exports and jobs,...

  • TOKYO, Feb 22- Japan's Nikkei share average was little changed on Wednesday, unable to extend a two-day winning run as the yen's retreat against the dollar halted and capped the broader market. Trading was limited with investors staying on the sidelines as they awaited the minutes of the U.S. Federal Reserve's latest meeting for clues on interest rate hikes.

  • Feb 22- Goldman Sachs expects global crude oil inventories to keep falling due to production cuts and strong growth in demand, although stocks are likely to rise in the United States. The Wall Street bank reiterated its forecast for Brent and U.S. crude prices to rise to $59 and $57.50 per barrel respectively in the second quarter, before dropping to $57 and $55 for...

  • PARIS, Feb 22- European aerospace group Airbus took a new 1 billion euros charge for its troubled A400M military aircraft programme as it posted higher than expected core earnings and revenues for 2016.. The company, reporting for the first time as Airbus and with a new financial format after ditching the Airbus Group brand in a revamp that recognises the...

  • BISMARCK, N.D.— The Army Corps of Engineers' plan to close a Dakota Access pipeline protest camp that's been around for more than six months isn't likely to be the demise of on-the-ground opposition in North Dakota. Wednesday's deadline for the protesters to leave also may not spell the end of heavy law enforcement presence near where the Dallas- based developer...

  • ALMATY, Feb 22- A Russian Progress cargo space craft blasted off for the International Space Station from the Baikonur cosmodrome in Kazakhstan on Wednesday, the first such mission since a failed launch in December. The space craft, carried by the same Soyuz booster rocket which is used for manned launches, took off at 11:58 with the launch broadcast live by NASA...

  • TOKYO, Feb 22- The dollar lost ground in Asian trading on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting for clues as to the pace of interest rate hikes, while Europe's political woes kept a bruised euro under pressure. Cleveland Fed President Loretta Mester said late on Monday in a speech in Singapore that she would be...

  • PARIS, Feb 22- AccorHotels, Europe's largest hotelier, posted a forecast-beating 3.8 percent rise in like-for-like operating profit last year, helped by restructuring efforts and a fourth quarter marked by some improvement in its core French market. AccorHotels said a plan to turn property unit HotelInvest- whose assets are worth 6.6 billion euros- into a...

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. Brent crude was up 23 cents, or 0.4 percent, at $56.89, having touched its highest since Feb. 2 at $57.31 in the...

  • BRASILIA, Feb 22- Brazil's central bank will likely maintain its aggressive pace of interest rate cuts on Wednesday despite some calls to further step up monetary easing to rescue an economy mired in recession. Brazil's recession, the worst in its history, has left millions unemployed and bankrupted hundreds of companies, raising pressure on Goldfajn to lower...

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • TOKYO, Feb 22- Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. Spreadbetters expected the boon for equities to extend into the European day, predicting a higher open for Britain's FTSE, Germany's DAX and France's CAC.

  • SHANGHAI, Feb 22- Hong Kong stocks on Wednesday morning erased the previous day's loss, helped by record-setting U.S. markets overnight and stronger inflows from the mainland. China's main stock indexes edged lower. Investors were unfazed by official data showing that China's home price growth slowed for the fourth straight month in January as demand cooled...

  • BEIJING, Feb 22- China's home price growth slowed for the fourth straight month as demand cooled further in its biggest cities, a welcome sign for policymakers as they seek to defuse bubbles in the world's second-largest economy amid an explosive growth in debt. Over the past year, authorities have slapped curbs on China's property sector- a major contributor to...

  • Feb 22- The Hong Kong government issued fourth-quarter gross domestic product data on Wednesday showing that the economy grew a seasonally adjusted 1.2 percent over the third-quarter of 2016 and rose 3.1 percent from the same period last year. KEY FIGURES GROSS DOMESTIC PRODUCT. 2016 2015 Q4 Q3 Q2 Q1 Q4 year-on-year 3.1 2.0 ^ 1.7 1.0 ^ 1.9 Quarter-on-quarter...

  • NEW YORK, Feb 22- Northern Trust Corp has deployed a new blockchain-based system built with International Business Machines Corp to record information on transactions involving private equity funds, in one of the first commercial deployments of the nascent technology. The program is currently being used to manage the administration of a private equity...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • NEW YORK- Federal Reserve Board Governor Jerome Powell speaks on "The Economic Outlook and Monetary Policy" before a Forecasters Club of New York luncheon- 1800 GMT. DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan discusses issues facing the nation and the global economy- 2330 GMT. LONDON- Bank of England Deputy Governor for...

  • LAUNCESTON, Australia, Feb 22- Something is not quite adding up in China's iron and steel markets, with the reasons for the current rally in prices for both commodities jarring uncomfortably with actual data. Iron ore futures on the Dalian Commodity Exchange on Tuesday hit the highest since the contract was launched in 2013, reaching an intraday peak of 741.5...