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Wires

  • SAO PAULO, Feb 22- Ternium SA has agreed to buy Thyssenkrupp AG's CSA steel plant for 1.26 billion euros, ending five years of attempts by the German industrial firm to offload the loss-making Brazilian mill. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an enterprise value...

  • As the most exposed among the major British banks to any downturn in the British economy, with 97 percent of its business in the UK, Lloyds has confounded expectations that last year's vote to quit the European Union would squeeze profits. Shares in Britain's biggest mortgage lender rose 3.8 percent by 0902 GMT, the best performing stock in the benchmark FTSE 100...

  • LONDON, Feb 22- The euro fell briefly below $1.05 for the first time in six weeks on Wednesday, hit by a combination of concern over France's presidential election campaign and growing expectations for a rise in U.S. interest rates. Three-month risk reversals- the weight of bets against the euro over bets on its strengthening- hit their most negative in more than a...

  • PARIS, Feb 22- Airbus called for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft on Wednesday, after taking a fresh 1.2- billion-euro charge in the latest blow to Europe's largest defense project. Chief Executive Tom Enders told reporters the aerospace group was still paying for the "original sin" of...

  • BERLIN, Feb 22- German business morale brightened unexpectedly in February, matching December's 33- month high, a survey showed on Wednesday, suggesting company executives are more upbeat about the growth prospects of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000...

  • BERLIN, Feb 22- German business morale brightened unexpectedly in February, matching December's 33- month high, a survey showed on Wednesday, suggesting company executives are more upbeat about the growth prospects of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000...

  • JAKARTA, Feb 22- Indonesia's biggest banks must write up plans for recovering from potential insolvency, a measure to ensure that authorities do not have to bail them out, the chairman of the banking regulator said on Wednesday. Indonesia's parliament last year passed a law that lays out rigid, step-by-step protocols on how authorities should handle a...

  • *Germany's two-year bond yield drops to record low. LONDON, Feb 22- The gap between short-dated German and U.S. government bond yields stood at its widest in nearly 17 years on Wednesday as the former fell to record lows and the latter nudged up in anticipation of rate increase signals. Bottlenecks caused by the European Central Bank's bond-buying program and...

  • FRANKFURT, Feb 21- Britain's government played down suggestions the London Stock Exchange's headquarters could move to Frankfurt after merging with Deutsche Boerse, but cautioned it was watching the deal closely. Under the terms of a merger deal struck before Britain voted to leave the European Union, Deutsche Boerse Chief Executive Carsten Kengeter is due...

  • BEIJING/ DHAKA, Feb 22- China's state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing- based Chinese oil executives said. A completed deal would mark China's first major energy investment in the South Asian country, where Beijing is competing with...

  • STATE OIL FIRM PETROBANGLA TO HIRE CONSULTANCY WOODMAC TO ASSESS CHEVRON ASSETS BEFORE A FORMAL BID- SOURCES.

  • BANGLADESH, WITH RIGHT OF FIRST REFUSAL, TALKING TO INTERNATIONAL BANKS TO RAISE FINANCING- BANKING SOURCE.

  • CHINA'S STATE-RUN ZHENHUA OIL IN PRELIMINARY DEAL TO BUY CHEVRON'S NATURAL GAS ASSETS IN BANGLADESH FOR ABOUT $2 BLN- CHINESE OIL EXECS.

  • LONDON, Feb 22- European shares climbed to a new 14- month high on Wednesday, supported by well-received earnings updates from companies such as Lloyds, Telefonica Deutschland and Scor. The pan-European STOXX 600 index was up 0.5 percent at 375.19 points by 0831 GMT after setting an intra-day high of 375.42 points, the highest level since early December 2015.

  • JOHANNESBURG, Feb 22- Group Five's chief executive is to leave, the South African construction group said on Wednesday as it recorded its first six-month loss in 11 years due to a 255 million rand settlement with the country's government. Eric Vemer, who joined the company in 2005 and was appointed chief executive in December 2014, will leave in the next few weeks,...

  • Feb 22- Hong Kong stocks ended near 18-1/ 2- month highs on Wednesday, led by resource and property stocks, as sentiment was lifted by the city's firmer economic growth outlook and stronger China inflows. Market confidence was lifted on news that Hong Kong handed out billions in tax cuts and poverty relief on Wednesday, to stimulate its economy that is expected to...

  • PARIS— Surprise new costs for the long-troubled Airbus A400M military jet sent the European planemaker's profits plunging last year despite a rise in commercial aircraft deliveries. Airbus CEO Tom Enders acknowledged that "the jury is still out on the long-term success" of the A400M, but insisted that "it's absolutely necessary" to maintain it as long as...

  • BAODING, China— Wei Jianjun is the chief matchmaker in China's love affair with the SUV. A decade ago, the chairman of Great Wall Motors Ltd. saw opportunity as the bulky vehicles began shedding their image in China as a farm tool. By 2013, with demand surging, Great Wall had become China's most profitable automaker and Wei was a billionaire.

  • *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 17 cents, or 0.3 percent, at $56.83, having touched its highest since Feb. 2 at $57.31 in the...

  • PARIS, Feb 22- Airbus said engine maker Pratt& Whitney still had to make an effort to improve on deliveries of engines for the A320neo jet, which were hit by delays last year. Pratt& Whitney has to make a huge effort to further improve, "Airbus CEO Tom Enders said after the group reported 2016 results. Airbus is aiming to increase production of its A320 family jets to 60...