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  • HONG KONG, Feb 12- A near 7 percent slump in China shares listed in Hong Kong this week and meltdown in financial markets globally is putting investors on edge ahead of the reopening of mainland China markets on Monday after the long Lunar New Year holiday. Investors will be watching China's official yuan fixing for any signs that it may be allowing the currency to...

  • RALEIGH, N.C.— Environmentalists are challenging in court a surprise deal which saw North Carolina regulators settle decades of suspected groundwater pollution at Duke Energy's coal ash pits for $7 million. Pat McCrory's former employer and the state Department of Environmental Quality. Duke Energy and environmental regulators pointed to a 2011 policy...

  • MILAN, Feb 12- A plunge in oil prices and little sign of recovery anytime soon have left Italian oil contractor Saipem ill-prepared to cope with life independent from former parent Eni, even after a 3.5 billion euro fundraising. Saipem said on Thursday shareholders had signed up to 87.8 percent of the offering, worth 3.073 billion euros, leaving the underwriters...

  • PARIS— French car maker Renault says higher sales and further progress on its industrial turnaround plan helped drive a nearly 1 billion euro increase in its earnings last year. Europe's number three car maker says Friday it made 2.8 billion euros in 2015, up from 1.9 billion a year earlier. It forecast 2 percent market growth in Europe this year, and between 1 and...

  • COPENHAGEN, Feb 12- Shares in GN Store Nord, the Danish hearing aid and headset maker, jumped more than 10 percent on Friday after fourth-quarter results met forecasts, following problems in previous months. The company reported quarterly earnings before interest, tax and amortisation of 522 million Danish crowns, compared with analysts' average forecast of...

  • *FTSEurofirst 300 up 2 pct. LONDON, Feb 12- European shares rebounded strongly from the previous session's steep losses on Friday, with positive results from Commerzbank and a rally in oil prices helping banks and commodity-related stocks to regain ground. There's so much nervousness in the market at the moment that even slightly good news out of a bank like...

  • LONDON, Feb 12- The yen was firm on Friday, on track for its biggest weekly rise against the dollar since late 2008, as deepening worries about global growth and whether policymakers have enough ammunition to respond to it underpinned flows into safe-haven currencies. Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro...

  • Consumers in China and India tend to typically buy gold in jewellery form, swooping in to hunt bargains or if they are confident of a sustained rally. A lack of interest from China and India- which together account for about 45 percent of world gold demand- could put a dent on the metal's biggest rally in years, though panic buying of gold coins and bars led by Western...

  • LONDON, Feb 12- British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which specifically manufactures some of the products for its outlet stores, is accused of intentionally presenting...

  • Jonathan Loynes, chief European economist at Capital Economics, says the downside risks have increased and as a result he thinks the European Central Bank will back "further decisive policy support" at its March meeting. European stock markets have opened higher following a rebound in the price of oil and despite another slide in Japan's main stock index.

  • NEW DELHI— Coca-Cola suspended bottling at three plants in India, including one in the parched northwest where farmers have been protesting the company's use of dwindling groundwater reserves. Hindustan Coca-Cola Beverages, which is a subsidiary of The Coca-Cola Co. based in Atlanta, said it was reorganizing operations across its 24 franchise bottling...

  • LONDON, Feb 12- Britain's competition body said on Friday it had fined GlaxoSmithKline 37.6 million pounds for market abuse in striking deals to delay the launch of cheap generic copies of its antidepressant Seroxat. Generic drug companies involved, including Germany's Merck KGaA, were also fined smaller amounts, bringing the total penalties to 45 million...

  • LONDON, Feb 12- European rose on Friday, rebounding from the previous session's steep losses, with encouraging results from Commerzbank and a rally in oil prices helping banks and commodity-related stocks to regain ground. The pan-European FTSEurofirst 300 was up 1.4 percent at 1,212.47, having closed down 3.7 percent on Thursday, when a slump in banks and...

  • ATHENS, Greece— Clashes broke out outside the Agriculture Ministry in central Athens Friday as thousands of farmers from across Greece headed to the Greek capital for a two-day protest against the government's plans to impose new tax hikes and reform the pension system. Other protesting farmers from southern Greece were massing at a highway toll station...

  • TOKYO, Feb 12- Japan's leading indicator of capital spending probably rebounded only modestly in December and exports likely dropped in January at its fastest pace in almost five years, a Reuters poll showed, indicating the pace of recovery may be slower than expected. This would result in a trade deficit of 680.2 billion yen after a 140 billion yen surplus in...

  • *German GDP expanded by 0.3 pct q/q in Q4 2015. BERLIN, Feb 12- Germany posted steady economic growth in the final quarter of 2015, as higher state spending boosted by the refugee crisis and significantly more construction offset a drag from foreign trade, the Federal Statistics Office said on Friday. "Slow but steady was the retrospective motto for 2015," said VP...

  • *Could go to $1,300 if stocks don't stop falling- Standard Bank. SINGAPORE, Feb 12- Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe-haven demand. Spot gold rose to as high as $1,260.60 an ounce on Thursday, its highest since February last...

  • LONDON, Feb 12- Britain's competition body said on Friday it had fined GlaxoSmithKline 37.6 million pounds for market abuse in striking deals to delay the launch of generic copies of its antidepressant Seroxat. GSK said it strongly disagreed and argued its actions had actually brought down the cost of medicine for the state-run health service.

  • WITHAM, England, Feb 12- Striding through a housing estate in the drizzle to hand out leaflets, 52- year-old builder Kevin Lovett throws up his arms in despair as he rails against the deceit he sees at the heart of the European Union. Pitching their dream of a proud Britain breaking free from a German-dominated bloc, the "Out" campaigners cast leading pro-Europeans...

  • TOKYO— European shares rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12- year low. In early trading, Germany's DAX was up 1.3 percent at 8,863.25 and Britain's FTSE 100 leapt 1.3 percent to 5,611.99. Shares in Germany's Commerzbank AG jumped 11 percent after it reported strong gains in fourth...