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  • *Says not overly worried about China. LONDON, Feb 10- Britain's ARM Holdings said more than half of all smartphones shipped in the fourth quarter contained its most powerful processor technology, helping it grow revenue even as demand cools in markets such as China. Chief Financial Officer Chris Kennedy said that a 14 percent rise in revenue in the fourth quarter,...

  • *Asahi eyes overseas growth as beer sales fall in Japan. TOKYO, Feb 10- Asahi Group Holdings Ltd has reached a preliminary deal to buy SABMiller PLC's Peroni and Grolsch beer brands for over 400 billion yen, the Nikkei daily reported, as part of efforts to offset slow growth at home. But the company has sought grow outside Japan where beer sales have fallen over the...

  • *Bank shares lead Europe stocks up after Asia falls. LONDON, Feb 10- European stocks rose on Wednesday, rallying after losses in Asia, as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Investors and traders were looking ahead to Congressional testimony from Federal...

  • HELSINKI— Hit by sharp declines in freight rates and the oil price, Danish shipping and oil group A.P. Moller-Maersk says it turned a $2.5 billion loss in the fourth quarter, a big turnaround from the previous year's profit of $189 million in the equivalent period. The company said it reduced the value of some of its oil assets by $2.6 billion in light of the sharp...

  • TOKYO, Feb 10- Japan's Nikkei benchmark on Wednesday plunged below what could be the most important support level in recent years for foreign investors, a break some analysts say could lead to a foreign investment reversal in Japanese shares. At the current exchange rate, that 136 mark would correspond to about 15,600 in the Nikkei, its lowest level since October...

  • *FTSEurofirst 300 recovers after sharp fall. LONDON, Feb 10- European shares rebounded on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and a recovery in Deutsche Bank. The pan-European FTSEurofirst 300 index, which had fallen 1.6 percent to its lowest point since September 2013 on Tuesday, rose 1.5...

  • SEOUL, Feb 10- South Korea said on Wednesday it would suspend operations at a jointly run factory park just inside North Korea following the North's long-range rocket launch over the weekend, cutting off an important source of revenue for the impoverished North. North Korea's Feb. 7 rocket launch put a satellite into orbit, although the United States and South...

  • TOKYO, Feb 10- The Bank of Japan said on Wednesday it would expand its bond lending scheme to reduce possible shortages of government bonds in the market, which could be exacerbated by the central bank's new policy to introduce negative interest rates. The BOJ said it will increase the amount of JGBs it can lend to brokers and banks to one trillion yen per each issue,...

  • LONDON, Feb 10- The dollar languished close to a 3-1/ 2- month low against a basket of major currencies on Wednesday, as traders waited for U.S. interest rate guidance from Federal Reserve Chair Janet Yellen. Worries over sliding commodity prices, a slowing China and the health of European banks have also dampened dollar demand in favour of safe-haven assets such...

  • European stock markets have built on gains at the open, with Germany's Deutsche Bank clawing back a large chunk of its recent losses. On Wednesday, Deutsche Bank's share price was up 11 percent at 14.56 euros amid reports that the bank is thinking about buying back some of its debt. Deutsche Bank's rally has helped Germany's DAX spike 1.6 percent in early trade and...

  • *Move would partly prepare Indonesia for free trade agreements. JAKARTA, Feb 10- Indonesian President Joko Widodo on Wednesday unveiled plans for a "big bang" loosening of restrictions on foreign investment in nearly 50 sectors of the economy to encourage competition. Southeast Asia's largest economy which has been growing at its slowest pace in six years...

  • TOKYO— Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen on strong sales. Nissan, based in the port city of Yokohama, left its full-year forecasts unchanged at 535 billion yen profit, up 17 percent from the year before, on 12.3 trillion yen in sales, up 8 percent. Sales were weak in Japan in recent...

  • WASHINGTON— The administration of President Barack Obama is vowing to press ahead with efforts to curtail greenhouse gas emissions after a divided Supreme Court put his signature plan to address climate change on hold until after legal challenges are resolved. White House spokesman Josh Earnest said the administration's plan is based on a strong legal and...

  • SEOUL, South Korea— South Korea said Wednesday that it will shut down operations at a joint industrial park with North Korea in response to the North's recent rocket launch, accusing the North of using hard currency from the park to develop its nuclear and missile programs. The move to end operations at the industrial complex in the North Korean border city of...

  • LONDON, Feb 10- European shares rebounded back up on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and signs of corporate takeover activity. The euro zone's blue-chip Euro STOXX 50 index gained 0.5 percent, while Britain's FTSE 100 advanced 0.6 percent. Norwegian mobile software company Opera also...

  • SEOUL, South Korea— South Korea says it will halt operations at joint industrial park with North Korea in response to rocket launch.

  • WASHINGTON— Federal Reserve Chair Janet Yellen will address Congress on Wednesday at a time of deepening uncertainty about the Fed's interest rate policies. After testifying to the House Financial Services Committee on Wednesday, Yellen will address the Senate Banking Committee on Thursday. There is less certainty now than when the Fed raised its target...

  • HELSINKI— Carlsberg says poor sales in Europe more than halved its fourth-quarter profit despite a slight increase in overall revenue, and the Danish brewer gave a guarded outlook for the year. Net profit in the quarter was 78 million kroner, down from 168 million kroner a year earlier. The group said its beer volumes last year were down 4 percent, mainly due to the...

  • MOSCOW, Feb 10- Turkish business conglomerate Fiba Group has put up for sale its Russian mid-sized lender Credit Europe Bank, two banking sources told Reuters, against a backdrop of a diplomatic row between Moscow and Ankara that shows no sign of abating. Turkey and Russia have been at loggerheads since Turkey downed a Russian warplane in late November that...

  • SoftBank Group Corp. reported Wednesday a 2.3 billion yen October-December profit, down from 18.7 billion yen the same period a year earlier. As the first to offer the iPhone in Japan, SoftBank's business in Japan is going strong, but it has faced a challenge with money-losing Sprint. The company based in Overland Park, Kansas, says it's on track to cut $800 million...