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Wires

  • SHANGHAI/ LONDON, Feb 21- For years, cash-rich Chinese investors have been highly sought after the world over. China's increasing efforts to prevent capital from leaving the country are eroding the confidence of domestic and foreign investors about getting deals done inside and outside of the world's second-biggest economy. Chinese bidders had become...

  • *FTSE 100 down 0.2 pct. *FTSE 350 banks index heads for worst day since Brexit. Britain's blue-chip FTSE index was down 0.2 percent, with HSBC, the first bank to report earnings this week, down 6.5 percent, heading for its worst day in 18 months after its results.

  • TUNIS, Feb 21- Libya's National Oil Corporation has signed a crude oil offtake agreement with Russia's Rosneft as it looks to encourage foreign investment and bolster Libyan output, the NOC said on Tuesday. Libya has more than doubled its oil production to 700,000 barrels per day in recent months, though output remains well below the more than 1.6 million bpd it...

  • RIYADH, Feb 21- Saudi Arabia has appointed U.S.-based Bechtel Corp, one of the world's largest industrial contractors, to run a new oversight office tasked with reducing inefficiencies and trimming costs on state infrastructure projects. Projects throughout Saudi Arabia slowed to a halt last year as the government delayed payments to contractors for their...

  • *Toshiba urged by banks to sell majority of chip unit- sources. TOKYO, Feb 21- Japan's Toshiba Corp wants to raise at least 1 trillion yen by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial...

  • *Singapore is main regional oil trading hub. Monday's announcement that a carbon tax on direct emitters is to be introduced from 2019 shows that Singapore, Asia's main oil trading hub, could be moving towards a longer-term future dominated by cleaner technology and resources. "It is the first time in the history of Singapore that a budget has placed such a high...

  • *Bucharest stocks at 9- year high, Banca Transilvania record high. *Budapest shares set record high again, driven by OTP Bank. BUDAPEST, Feb 21- Bucharest stocks hit a 9- year high on Tuesday, driven by surging Banca Transilvania as bank stocks fueled a rally in Central European equities markets.

  • Feb 21- InterContinental Hotels Group beat 2016 profit forecasts, helped by demand in the Americas, and announced a $400 million special dividend for shareholders that sent its stock to a record high. The company, which runs over 5,000 hotels in about 100 countries under brands such as Crowne Plaza, Holiday Inn and InterContinental, said on Tuesday it also...

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset...

  • LONDON, Feb 21- HSBC cut its staff bonus pool by 12 percent to $3 billion in 2016 compared with the previous year, the bank said on Tuesday in its annual report, as the bank took into account weaker than expected profits. Chief Executive Stuart Gulliver saw his overall payout for the year cut to 5.7 million pounds from 7.3 million pounds in 2015, although a new...

  • FRANKFURT, Feb 21- PSA Group said it would adhere to labour agreements at General Motors' Opel and expressed its willingness to cooperate with labour chiefs to safeguard jobs, PSA and workers' representatives at Opel said in a joint statement on Tuesday. GM and PSA said last week they were in talks over a potential deal for the French carmaker to buy GM's European...

  • FRANKFURT, Feb 21- PSA Group said it would adhere to labor agreements at General Motors' Opel and expressed its willingness to cooperate with labor chiefs to safeguard jobs, PSA and workers' representatives at Opel said in a joint statement on Tuesday. GM and PSA said last week they were in talks over a potential deal for the French carmaker to buy GM's European arm...

  • BEIJING _ Changyou.com Ltd. on Tuesday reported fourth-quarter net income of $41 million. The Beijing- based company said it had net income of 77 cents per share. Changyou.Com shares have climbed 18 percent since the beginning of the year.

  • WESTLAKE, Ohio _ Nordson Corp. on Monday reported fiscal first-quarter earnings of $50 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Nordson shares have risen 7 percent since the beginning of the year.

  • BEIJING _ Ata Inc. on Monday reported fiscal third-quarter earnings of $10.9 million. For the current quarter ending in March, Ata Inc. said it expects revenue in the range of $3.8 million to $4.5 million. Keywords: Ata Inc., Earnings Report.

  • BENTONVILLE, Ark. _ America's Car-Mart Inc. on Monday reported fiscal third-quarter profit of $2.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. America's Car-Mart shares have fallen 11 percent since the beginning of the year.

  • FRANKLIN, Tenn. _ Community Health Systems Inc. on Monday reported a loss of $220 million in its fourth quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. Community Health Systems shares have climbed 23 percent since the beginning of the year.

  • SAINT PETERSBURG, Fla. _ United Insurance Holdings Corp. on Monday reported a fourth-quarter loss of $10.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Saint Petersburg, Florida- based company said it had a loss of 49 cents. Keywords: United Insurance Holdings, Earnings Report.

  • ROGERS, Conn. _ Rogers Corp. on Monday reported fourth-quarter net income of $11.9 million. For the current quarter ending in April, Rogers Corp. expects its per-share earnings to range from $1.09 to $1.19. Rogers Corp. shares have climbed nearly 3 percent since the beginning of the year.

  • BEIJING _ Sohu.com Inc. on Tuesday reported a loss of $65.9 million in its fourth quarter. For the current quarter ending in April, Sohu.com expects its results to range from a loss of $1.80 per share to a loss of $1.55 per share. Sohu.com shares have risen 16 percent since the beginning of the year.