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  • SEOUL, Feb 27- South Korea's acting president will not extend the investigation period for a special prosecutor's investigation of an influence-peddling scandal that could topple President Park Geun-hye, Yonhap news agency reported on Monday. The agency did not cite anyone from acting president Hwang Kyo- ahn's office in its report but quoted a senior...

  • TOKYO, Feb 27- Japan's SoftBank Group Corp is close to finalising an investment in U.S. office-sharing startup WeWork, in a deal expected to be worth over $3 billion, CNBC reported on Monday. The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source....

  • The London Stock Exchange says its planned merger with the Deutsche Boerse is likely to be blocked after the European Commission raised antitrust concerns. In a statement Sunday, the London exchange said the European Commission, the executive branch of the European Union, was demanding that it sell its majority stake in the electronic bond market MTS before...

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury Bills. March 14 Netherlands DSL Auction.

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury Bills. March 14 Netherlands DSL Auction.

  • LONDON, Feb 24- "Volatility can be neither created nor destroyed, rather it transforms from one form into another," is a pretty fair summary of how the oil market works. Front-month futures prices have traded in a narrow range of just $3.46 per barrel since Dec. 13, never closing below $53.64 or higher than $57.10. The standard deviation of front-month prices over the...

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NEW YORK, Feb 26- Passive investment funds are poised to shift an estimated $2 billion from far-term to near-term crude futures over the next week, anticipating an energy market rally as a historic OPEC output cut slashes supply. The switch may foreshadow the end of a global oil glut that built up during a two-year price war. On Friday, the Brent May contract price...

  • Transportation Secretary Elaine Chao said on Sunday she was reviewing self-driving vehicle guidance issued by the Obama administration and urged companies to explain the benefits of automated vehicles to a skeptical public. Automakers called on Congress earlier this month to make legislative changes to speed self-driving cars to U.S. roads.

  • MILAN— A transition is underway in the Milan fashion scene, with new designers taking over traditional brands and younger creatives breaking out with their own labels. Dolce& Gabbana, Marni, Ferragamo, Stella Jean and Arthur Arbesser were among those with shows on Sunday. Anderson's son Dylan Lee and Foxx's daughter Corrine were among more than 100 "influencers"—...

  • BARCELONA, Feb 26- Phonemakers are piling in to fill a gap in the market left by Samsung, still licking its wounds from a costly recall of its flagship Note 7 and with no key device of its own to launch at the telecom industry's biggest annual fair. China's Huawei, the most likely contender to fill the hole in the premium end of the market, took the wraps off a new phone in...

  • CAMARILLO, Calif.— The average price of a gallon of regular-grade gasoline rose 2 cents nationally during the past two weeks, to $2.33. Gas in Los Angeles was the highest in the contiguous United States at an average of $2.94 a gallon Friday. The lowest average was in Tulsa, Oklahoma, at $2.02 per gallon.

  • *New version of retro phone 3310 priced at 49 euros. Nokia also launched four moderately priced smartphones ranging from 139 to 299 euros. It gets a lot of affection from millions and millions of people, "Nokia Chief Executive Rajeev Suri told a news conference at Mobile World Congress in Barcelona, the telecom industry's largest annual trade fair.

  • ALGIERS, Feb 26- Algeria's Sonatrach wants to start offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp and Anadarko as well as Italy's Eni, a source at the state energy company told Reuters on Sunday. "Seismic operations carried out by Sonatrach have shown an interesting potential in the areas including Bejaia and Oran," said the...

  • WASHINGTON— Administration officials say President Donald Trump has no plans to cut Social Security or Medicare. Treasury Secretary Steven Mnuchin told Fox News Channel's "Sunday Morning Futures" that "we are not touching those now." Asked about potential cuts to the programs on ABC's "This Week," Deputy White House press secretary Sarah Huckabee Sanders said...

  • NEW YORK— Samsung's product showcase Sunday is notable for what's missing: a new flagship phone. That's partly so that Samsung wouldn't have to share the stage with its smartphone rivals at the Mobile World Congress trade show, which begins Monday in Barcelona, Spain. "The microscope is going to be firmly on Samsung," said Geoff Blaber, an analyst with the research...

  • LOS ANGELES— Great reviews and buzz propelled comedian Jordan Peele's directorial debut, the micro-budget thriller "Get Out," to a chart-topping opening weekend with $30.5 million according to studio estimates Sunday. The Blumhouse-produced and Universal Pictures- distributed film cost an estimated $4.5 million to make. "Get Out" has a 100 percent rating on...

  • LOS ANGELES, Feb 26- "Get Out," a trenchant horror film about race relations, rode critical raves to a smashing box office debut. The low-budget film was the weekend's top-grossing domestic release, earning $30.5 million, and propelling its director and writer Jordan Peele onto the Hollywood A-list. "Get Out" benefited from being embraced by reviewers, earning a rare...

  • DUBLIN, Ohio— Central Ohio- based fast food giant Wendy's plans to install self-ordering kiosks in about one out of six of the burger chain's franchises nationwide by the end of this year. A typical location would get three kiosks for about $15,000, The Columbus Dispatch reported. David Trimm, Wendy's chief information officer, estimates that payback on those...