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  • LONDON, Feb 20- Euro zone government bond yields edged higher across the board on Tuesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets. Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed ECB Vice President Vitor Constancio...

  • LONDON— Chicken is still as scarce as hen's teeth at KFC's British outlets. KFC says about 470 of the fried chicken chain's 900 U.K. restaurants remained closed Tuesday because of a chicken shortage. The company says the disruption started last week, when it changed its delivery provider to DHL.

  • NEW YORK, Feb 20- The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, as investors shrugged off worries about the U.S budget deficit and focused on large U.S. government debt auctions this week. Treasury is preparing to sell more than $250 billion worth of new debt this week, which...

  • LONDON, Feb 20- Britain's financial sector will be "the servant of industry not the masters of all" if the opposition Labour Party gets into power, its leader Jeremy Corbyn said on Tuesday, accusing bankers of taking the economy hostage. Corbyn, a socialist who has won over many voters with promises to renationalise services and increase public spending, has long...

  • *Autonomous EVs to emerge in 2020 s- BP Energy Outlook. LONDON, Feb 20- The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a peak in demand for the first time. While travel demand more than doubles over the period as economies in countries such as China and India grow, higher oil...

  • *CEO says will meet activist investor Elliott Advisors. MELBOURNE/ LONDON Feb 20- Global miner BHP, seeking to fend off activist investor Elliott Advisors, handed an extra $800 million to shareholders but its share price slid on Tuesday after costs rose and interim results fell short of forecasts. BHP must also contend with Elliott, which has a stake of around 5...

  • LONDON— An art collection amassed by billionaire David Rockefeller could raise more than $500 million for charity when it is auctioned this spring. Auctioneer Christie's is selling hundreds of artworks including major paintings by Claude Monet, Henri Matisse and Pablo Picasso, from the collection of the oil-family scion and his wife Peggy.

  • ABERDEEN, Britain _ Knot Offshore Partners LP on Tuesday reported fourth-quarter profit of $18.6 million. The Aberdeen, Britain- based company said it had net income of 59 cents per share. Knot Offshore shares have risen nearly 2 percent since the beginning of the year.

  • *Randgold rules out Europe, Asia and Australia for new mines. LONDON, Feb 20- African miner Randgold Resources is looking to make its first acquisition outside its home continent in North and South America to diversify its portfolio of assets, its chief executive Mark Bristow told Reuters. So South America, North America, the Americas in general, "he said, declining...

  • Trading houses regularly lend money to resource-rich clients in financial distress- be it countries such as Congo, Chad, Morocco or Iraq's Kurdistan region- when other lenders walk away. The move is similar to Chad which has appointed Rothschild as an advisor in talks with Glencore and four bank lenders. The development in Congo is similar to the situation in...

  • LONDON, Feb 20- OPEC and non- OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, the United Arab Emirates' energy minister told Reuters. Suhail al-Mazroui, who holds OPEC's presidency this year, said leaders of the UAE, OPEC's biggest producer Saudi...

  • LONDON, Feb 20- Euro zone government bond yields edged higher across the board on Wednesday as market speculation swirled over the next European Central Bank chief at a time when monetary policy is the main threat for bond markets. Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed ECB Vice President Vitor...

  • *Spot gold likely to fall to $1,326/ oz- technical analyst. LONDON, Feb 20- Gold prices were weighed down by a stronger dollar on Tuesday, dropping for the third session, but were underpinned by geopolitical worries and uncertainty about this week's huge U.S. bond auctions. Spot gold is expected to fall to the next support level at $1,326, according to Reuters...

  • *To record one-off cash cost of $200 million over 2017, 2018. Chief Financial Officer Paul Edgecliffe-Johnson told journalists on Tuesday that the group is looking to buy one or two small luxury brands that do not have many physical hotels, as it did when it bought Kimpton Hotels for $430 million in 2014.. The group, which operates the Crowne Plaza and Holiday Inn...

  • LONDON— Latvia's official on the European Central Bank's main policymaking council refused Tuesday to heed calls to resign following an investigation into suspected bribery and an Associated Press report on allegations of extortion and connections to money laundering. Guselnikov and Norvik have filed an international request for arbitration to a body...

  • LONDON, Feb 20- Sterling rebounded against the dollar and jumped against the euro on Tuesday after a media report said the European Parliament would call for giving Britain "privileged" single market access. Speaking in Vienna on Tuesday, Britain's Brexit Minister, David Davis, said he was certain Britain and the European Union could reach a deal but urged the...

  • *Overall markets well supported by ongoing OPEC production cuts. *Soaring U.S. output threatens to undermine OPEC efforts. Reduced supply from Canada to the United States caused by pipeline reductions were supporting WTI, traders said.

  • LONDON— Britain wants to lead a "race to the top" in global standards after it leaves the European Union, Britain's top Brexit negotiator said Tuesday, saying fears of a "' Mad Max'-style" economic free-for-all are misplaced. In a speech aimed at allaying European concerns, Brexit Secretary David Davis told Austrian business leaders in Vienna that the U.K. does not...

  • LONDON, Feb 20- Pan-European securities settlement house Euroclear will open a new unit in Ireland in March next year to avoid Brexit disrupting its ability to process Irish stock and bond transactions. Brussels- based Euroclear settles share trades executed in both London and Dublin at its British arm. "We recognise that the UK's decision to leave the European...

  • HONG KONG/ LONDON, Feb 20- HSBC Holdings reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday. HSBC's profit before tax was $17.2 billion for 2017, which compared with $7.1 billion the year before but came in below the $19.7...