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  • KUWAIT, Feb 9- State-run Kuwait Petroleum Corp plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency KUNA reported on Tuesday. Nizar al-Adsani, chief executive of KPC, was quoted as saying the company had started efforts to sell its Europoort refinery in the Netherlands and had decided to shut a fertiliser plant...

  • *Forecast for 2016 profit growth defies analyst expectations. *Sees significant income from Uptravi after January launch. ZURICH, Feb 9- Actelion, Europe's largest biotechnology company, forecast that its core earnings would grow in 2016, defying concerns about rising generic competition in its main pulmonary arterial hypertension drug business.

  • Feb 9- The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its nosedive on Tuesday to touch another record low as slowing activity, especially from China, took its toll. "China's slowdown has had a dramatically negative impact on dry bulk, leading freight rates, asset values and forward expectations to...

  • *$6 trillion of negative-yielding bonds globally. LONDON, Feb 9- With the historic fall in Japan's 10- year government bond yield below zero on Tuesday, the value of government bonds around the world registering negative yields is now above $6 trillion. Just two months ago, there were $3 trillion of bonds around the world with negative yields, and only 18 months ago...

  • MILAN, Feb 9- A surprise profit from UniCredit was eclipsed on Tuesday by reports that the chief executive of Italy's biggest bank by assets has lost the support of several influential shareholders and may be forced to step down soon. UniCredit posted a net profit of 153 million euros in the last three months of the year, against an expected loss of 140 million...

  • VERNON HILLS, Ill. _ CDW Corp. on Tuesday reported fourth-quarter profit of $89.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 73 cents per share. Five analysts surveyed by Zacks expected $3.4 billion.

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • *To buy back $2 bln- $2.5 bln shares in 2016. *4th- qtr adj EPS of $0.38/ share vs est $0.37. Coca-Cola said on Tuesday it would refranchise all its North America bottling operations by the end of 2017, three years earlier than expected, and also refranchise its bottling operations in China.

  • RALEIGH, N.C. _ Martin Marietta Materials Inc. on Tuesday reported fourth-quarter net income of $83.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share. Four analysts surveyed by Zacks expected $842.6 million.

  • BRUSSELS— Experts say almost all species in the Mediterranean are still overfished despite decades of seeing stocks dwindle— and that is forcing the European Union to consider creative solutions like using drones or space technology to catch fraudulent fishermen. EU Fisheries chief Karmenu Vella said Tuesday some stocks "are on the verge of depletion.

  • President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled...

  • *Looks set to retest $1,200 an ounce. The precious metal saw some profit taking in early trade after failing to push through key psychological resistance at $1,200 an ounce, but picked up after U.S. markets opened and looked set to retest the $1,200 level. If we can reach $1,200 and hold above it that would probably set the scene to go higher, "said David Govett, head of...

  • BIRMINGHAM, Ala. _ Medical Properties Trust Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 34 cents per share. Three analysts surveyed by Zacks expected $130.5 million.

  • Feb 9- U.S. stock indexes were set to open lower on Tuesday, as cautious investors doubled down on safer assets amid increasing concerns of a sustained slowdown in global economic growth. Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever. Japan's Nikkei...

  • The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency cut its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day following a five-year high of 1.6 million in 2015,...

  • BATAVIA, Ohio _ Multi-Color Corp. on Tuesday reported fiscal third-quarter earnings of $9.6 million. The Batavia, Ohio- based company said it had net income of 57 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *USDA supply/demand report due at 1700 GMT. PARIS/ SYDNEY, Feb 9- Chicago wheat edged higher on Tuesday, recovering from a one-month low as investors awaited monthly U.S. government grain forecasts, but Paris futures extended losses to new contract lows as export worries continued to weigh on European prices. But wheat remained under pressure from ample global...

  • TEL AVIV, Israel _ Israel Chemicals Ltd. on Tuesday reported fourth-quarter profit of $96 million. The Tel Aviv, Israel- based company said it had net income of 8 cents per share. For the year, the company reported profit of $509 million, or 40 cents per share.

  • HOFFMAN ESTATES, Ill.— Following a "challenging" holiday season, Sears will accelerate the closure of some of its stores. Comparable-store sales in the fourth quarter dropped 6.9 percent at Sears, and 7.2 percent at Kmart, which the also company owns. Sears said Tuesday that it has reduced its debt by about $1 billion compared with 2014, and anticipates...