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Wires

  • SINGAPORE, Feb 27- Noble Group Ltd reported a full year profit of $8.7 million in the year ending December 2016 versus a huge loss in the previous year when the Singapore- listed commodities trader restructured its business operations. The Hong Kong- headquartered company is slowly recovering after the restructuring, cutting debt and boosting liquidity amid a...

  • LONDON, Feb 27- French 10- year bond yields hit a one-month low on Monday, pushing other euro zone sovereign yields lower, while a more cautious mood hung over world stock markets and the dollar, both of which struggled for clear direction. "Macron gained further support in the polls," said DZ Bank rates strategist Rene Albrecht. In Europe, the French-led fall in bond...

  • BEIJING, Feb 27- China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Pan Gongsheng, head of the State Administration of Foreign Exchange said that China's foreign exchange market is relatively stable and...

  • KUALA LUMPUR, Feb 27- Malaysia's Prime Minister Najib Razak announced on Monday that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refinery and petrochemical project in Malaysia's southern state of Johor. Najib said the decision was made before noon on Monday after discussions between top executives from Saudi Aramco and...

  • HONG KONG, Feb 27- The Hong Kong stock exchange has had discussions with Saudi Arabia's giant state oil company Aramco and is working "very hard" to win a potential $100 billion listing, the bourse's CEO Charles Li said on Monday. Speaking during Hong Kong Exchanges and Clearing's annual earnings briefing, Li said the Asian time zone and access to Chinese capital...

  • LONDON— The London Stock Exchange's merger with Deutsche Boerse has been thrown into doubt after the LSE decided it couldn't comply with last-minute conditions imposed by European regulators. In a statement late Sunday, the London exchange said the European Commission, the executive branch of the European Union, was demanding that it sell its majority stake...

  • *Some developers delay new home sales. HONG KONG, Feb 27- Some Chinese developers are playing a game of cat-and-mouse with local governments by delaying the launch of new home sales in the hope of riding out tightening measures in the property market that have dampened prices in some major cities. Prices in Beijing, Hangzhou and Chengdu were flat and Guangzhou was...

  • BEIJING— China's policy ministry says more than 800 people have been arrested in a crackdown on unlicensed banking operations as authorities try to stem outflows of money from the country. Expectations the currency would decline in value prompted companies and small investors to move money out of China starting in late 2015. That prompted Beijing to tighten...

  • *France election campaign continues to weigh on euro. LONDON, Feb 27- The dollar edged up from a 2-1/ 2- week low against the yen on Monday but struggled to gain traction elsewhere, as investors awaited a speech this week by U.S. "The market is still waiting for further details of President Trump's economic stimulus plans, including looser regulation, comprehensive...

  • BEIJING, Feb 27- China could manage the resulting financial risks if a property tax is introduced and causes the housing market to correct, a state newspaper said on Monday in a front-page commentary that sought to dispel fears that such a tax would burst a price bubble and spark a calamitous rise in bad loans for banks. "The risks are overall manageable, despite the...

  • WASHINGTON— Billionaire investor Wilbur Ross is headed toward confirmation as Commerce secretary in President Donald Trump's administration. The Senate is set to vote on Ross' nomination Monday evening. Ross easily cleared the Senate Commerce Committee and a procedural vote by the full Senate.

  • Unless Congress simply cuts taxes for everyone, there will be winners and losers, and the losers won't go quietly. If Congress does cut taxes for everyone, lawmakers risk exploding an already large budget deficit. Republicans in Congress are also working on plans, with the House GOP taking the lead.

  • *Malaysia stops foreign banks using offshore ringgit forwards. *Nov-Jan capital outflows from Malaysia hit record- Nomura. The ringgit was the weakest currency in emerging Asia last year after China's yuan, prompting Malaysia's central bank to get a written commitment from foreign banks to stop trading ringgit non-deliverable forwards, offshore contracts...

  • The case tugs at the heartstrings: A popular Kansas State University professor battles breast cancer, then leukemia. Grace Hwang's lawsuit was one of many employee cases heard by federal appeals court Judge Neil Gorsuch, President Donald Trump's pick for the Supreme Court. The majority opinion he wrote siding with Kansas State is illustrative.

  • SHANGHAI, Feb 27- Hong Kong stocks fell for the third straight session on Monday, as the market's strong months-long rally showed signs of fatigue. Sentiment was also hurt by bearishness in mainland China markets, where blue chips had their worst day in two months amid worries about tighter regulation. Gao Ting, head of China strategy at UBS Securities, said...

  • SEOUL, Feb 27- South Korean special prosecutors investigating impeached President Park Geun-hye were denied permission to extend their probe and question her in person on Monday amid a graft scandal that threatens to topple her from office. The special prosecutor's office will make its final indictments before its investigation into the scandal, which has...

  • LONDON, Feb 27- British newspaper publisher Trinity Mirror said it would focus on growing its digital advertising sales and further diversify its income after reporting a 10.7 percent drop in full-year print revenue. The owner of the Daily Mirror, which has been ripping out costs to counter the fall in circulation and print advertising, said it had seen...

  • LONDON, Feb 27- Associated British Foods maintained its full-year earnings guidance on Monday, with sales growth at its Primark discount fashion retailer supported by better performances in its sugar, grocery, agriculture and ingredients businesses. AB Foods reiterated that Primark's operating profit margin in the first half will decline, mainly...

  • SINGAPORE, Feb 27- Oil prices rose on Monday, with the market set to rise for five of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. But the market has been supported within a tight $4 to $5 range since November, when the Organization of the Petroleum Exporting Countries and other producers agreed to cut production.

  • SHANGHAI, Feb 27- China's top diplomat will visit the United States this week, the most senior Chinese official to do so since President Donald Trump took office on January 20, state news agency Xinhua said. Trump angered Beijing in December by talking to the president of Taiwan and saying the United States did not have to stick to the "one China" policy, under which...