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Wires

  • LONDON, March 29- The Turkey stock market spotlight was on Halkbank on Wednesday, with its shares set for their biggest one-day fall after the arrest of the company's deputy CEO, while South African assets weakened further on political concerns. Halkbank deputy CEO Mehmet Hakan Atilla was arrested in New York, accused of conspiring to conduct illegal...

  • LONDON, March 29- On the face of it, the first quarter of the year followed the' risk on' script. U.S. stocks surged to new highs, the Federal Reserve raised interest rates, high yield debt rallied yet again and Wall Street volatility slumped to its lowest in a decade. Investors piled into riskier, high-yielding assets at the expense of safe-haven bonds on the view that...

  • LONDON, March 29- On the face of it, the first quarter of the year followed the' risk on' script. U.S. stocks surged to new highs, the Federal Reserve raised interest rates, high yield debt rallied yet again and Wall Street volatility slumped to its lowest in a decade. Investors piled into riskier, high-yielding assets at the expense of safe-haven bonds on the view that...

  • HONG KONG, March 29- Australian energy major Woodside Petroleum on Wednesday hinted it may in future be willing to allow buyers of liquefied natural gas more flexibility as part of long-term contracts, saying that in time this could help create a more liquid market. Last week, the biggest buyers in the world's top three LNG consuming countries- Japan, South Korea...

  • *FTSE to dip in coming months. LONDON, March 29- Britain's FTSE 100 share index will dip in the months after the country starts official divorce proceedings later on Wednesday with the European Union but reach new record highs next year, a Reuters poll found. "The FTSE has had a spectacular run since the Brexit vote, with the share prices of UK multinationals...

  • REUTERS POLL- UK'S FTSE 100 SHARE INDEX TO BE AT NEW RECORD HIGH OF 7,500 BY MID-2018.

  • REUTERS POLL- UK'S FTSE 100 SHARE INDEX SEEN AT 7,250 BY MID-2017; 7,425 BY END-2017.

  • JAKARTA, Indonesia— France has pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia's biggest economy during a visit by President Francois Hollande. Indonesian President Joko "Jokowi" Widodo welcomed the new commitment by French investors to increase their involvement in the energy, infrastructure and retail...

  • LONDON, March 29- Britain's economy is sending mixed signals about its readiness for Brexit just as British Prime Minister Theresa May launches the process of pulling the country out of the European Union. The economy grew by 1.8 percent in 2016, second only to Germany among the Group of Seven big rich nations. In quarterly terms, growth sped up at the end of last...

  • KIEV, March 29- Ukraine will appeal a decision by a British court in a $3 billion Eurobond case brought by Russia against Kiev, and has been granted a stay of execution at least until late April, Finance Minister Oleksandr Danylyuk said on Wednesday. The case centers around a $3 billion Russia lent in December 2013 to Ukraine under former President Viktor...

  • ABU DHABI, March 29- Dubai- based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said. Careem, which competes with Uber and operates from Pakistan to Egypt, plans to enter second-tier cities in Saudi Arabia, Egypt and Pakistan...

  • *Targets $3 bln boost to free cashflow by 2021. LONDON, March 29- BP has no plan to build new refineries despite growing oil production and will focus on modernising existing plants while expanding its network of filling stations to generate $3 billion in additional cash. Refining of crude oil into fuels such as gasoline, diesel and jet fuel has for years been the...

  • CURITIBA, Brazil _ Companhia Paranaense de Energia on Tuesday reported a fourth-quarter loss of $24.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Curitiba, Brazil- based company said it had a loss of 9 cents. Companhia Paranaense shares have increased 32 percent since the beginning of the year.

  • LONDON, March 29- Prime Minister Theresa May will file formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the endurance of the European Union. Nine months after Britons voted to leave, May will notify EU Council President Donald Tusk in a letter that the UK really...

  • SAN FRANCISCO, March 29- When WikiLeaks founder Julian Assange disclosed earlier this month that his anti-secrecy group had obtained CIA tools for hacking into technology products made by U.S. companies, security engineers at Cisco Systems swung into action. Senior Cisco managers immediately reassigned staff from other projects to figure out how the CIA...

  • BAD VILBEL, Germany, March 29- The head of German drugmaker Stada, whose company is at the center of a takeover battle, confirmed he had been the victim of wiretapping last year. "I have no reason to assume that any confidential business information went into the wrong hands," Chief Executive Matthias Wiedenfels told a news conference on Wednesday after the group...

  • BRUSSELS— The European Union has expressed regret about President Donald Trump's decision to undo U.S. policies for fighting global warming and is wondering how he will live up to Washington's international climate commitments. EU Energy Commissioner Miguel Arias Canete said in a statement Wednesday that "we regret the U.S. is rolling back the main pillar of...

  • BEIJING— China's government says it will stick to its promises to curb carbon emissions after President Donald Trump eased U.S. restrictions on fossil fuel use that were meant to control global warming. A foreign ministry spokesman, Lu Kang, said Wednesday that curbing climate change is a "challenge faced by all mankind" and said Beijing was committed to...

  • TOKYO, March 29- Toshiba Corp's CEO said on Wednesday that offers received so far for a stake in its NAND flash memory business are high enough for the Japanese company to avoid falling into negative shareholder equity. "We expect the chip unit valuation will be at least 2 trillion yen, Satoshi Tsunakawa said at a news briefing in Tokyo after the company's U.S.

  • CURITIBA, Brazil _ Companhia Paranaense de Energia on Tuesday reported a fourth-quarter loss of $24.5 million, after reporting a profit in the same period a year earlier. The Curitiba, Brazil- based company said it had a loss of 9 cents per share. For the year, the company reported profit of $276.4 million, or $1.01 per share.