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Wires

  • *Hungarian central bank launches IRS tool to push down yields. BUDAPEST, Jan 18- Hungarian government bond yields eased mildly, bucking a global rise, ahead of the National Bank of Hungary's first interest rate swap auctions to push long-term interest rates lower. Inflation in Hungary, and Poland has remained well within their targets.

  • BEIJING, Jan 18- China's aluminum production rebounded in December to its highest since June, reversing five months of declines, as state-owned Chinalco launched new capacity even as Beijing curbed its private rivals, lifting 2017 output to a record. For the full year, China produced 32.27 million tonnes of aluminum, a rise of 1.6 percent from 2016, the data...

  • BEIJING, Jan 18- China's aluminium production rebounded in December to its highest since June, reversing five months of declines, as state-owned Chinalco launched new capacity even as Beijing curbed its private rivals, lifting 2017 output to a record. For the full year, China produced 32.27 million tonnes of aluminium, a rise of 1.6 percent from 2016, the data...

  • China's mainland shares rose almost 1 percent to two-year highs, while Hong Kong, Indonesia, India and Thailand all scaled fresh peaks. Emerging Europe also opened stronger with Moscow shares up 0.3 percent to an all-time high, underpinned by oil prices near $69 a barrel. Both countries' central banks meet today but rates are expected to stay on hold, Turkey at...

  • NEW YORK, Jan 18- A U.S. administrative court invalidated a Johnson& Johnson patent on its blockbuster prostate cancer drug Zytiga, bringing rivals closer to selling generic versions and hitting shares in its British partner BTG Plc.. Wednesday's ruling was a victory for U.S. generic drug company Argentum Pharmaceuticals LLC, which had asked the board to...

  • LONDON, Jan 18- Strong Chinese data on Thursday kept world stocks hovering near record highs, as bond markets pushed U.S. Most Asian bourses were closing when the data landed but had briefly set a new an all-time record after the U.S. bluechip Dow Jones Industrial index had closed above 26,000 points for the first time. China's yuan finished at its highest since...

  • BETHESDA, Md. _ Eagle Bancorp Inc. on Wednesday reported fourth-quarter profit of $15.6 million. The Bethesda, Maryland- based bank said it had earnings of 45 cents per share. Eagle Bancorp shares have increased roughly 7 percent since the beginning of the year.

  • FRANKFORT, Ky. _ Farmers Capital Bank Corp. on Wednesday reported a fourth-quarter loss of $1.4 million, after reporting a profit in the same period a year earlier. The Frankfort, Kentucky- based bank said it had a loss of 19 cents per share. For the year, the company reported profit of $11.7 million, or $1.56 per share.

  • *Govt also plans to issue Samurai, Panda bonds this year. MANILA, Jan 18- The Philippines has started marketing 10- year U.S. dollar bonds and could issue up to $2 billion worth, the country's finance secretary said on Thursday, which will help fund President Rodrigo Duterte's record budget this year. The bond deal has a new money component of $1 billion and bond swap...

  • *FTSE 100 down 0.3 pct; mid caps down 0.1 pct. The FTSE was down 0.3 percent by 0938 GMT, while the mid cap index also fell by 0.1 percent. SSE was the top loser on the FTSE, down 3.1 percent, as the stock traded ex dividend, while elsewhere in the sector, National Grid fell 1.1 percent, Severn Trent added 0.7 percent and Centrica slipped 0.5 percent.

  • LONDON, Jan 18- Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and threats of an attack on Nigeria's petroleum industry, although a reported rise in U.S. fuel supplies weighed. Crude is within sight of its highest since December 2014, supported by supply cuts led by the Organization of the Petroleum Exporting Countries...

  • LONDON, Jan 18- Associated British Foods warned on Thursday that revenue and profit from its sugar business would fall more than previously forecast in 2017-18 because of lower prices across the European Union, sending its shares lower. Shares in the group, majority owned by the family of Chief Executive George Weston, were down 3 percent at 0945 GMT.

  • Jan 18- Following is a breakdown of China's fixed-asset investment for the year to date, published by the National Bureau of Statistics on Thursday.: Jan-De Jan-No Jan-Oc Jan-Se Jan-Au Jan-Ju Jan-Ju Jan-Ma Jan-Ap Jan-Ma Jan-Fe Jan-De Jan-No. c v t p g l n y r r b c v FAI 7.2 7.2 7.3 7.5 7.8 8.3 8.6 8.6 8.9 9.2 8.9 8.1 8.3 State firms 10.1 11 10.9 11 11.2 11.7 12 12.6 13.8 13.6...

  • LONDON, Jan 18- British prosecutors have opened a bribery, corruption and money laundering investigation into defence and security solutions company Chemring Group Plc, one of its subsidiaries and individuals associated with the businesses. The Serious Fraud Office said it had received a self-report from Chemring's subsidiary, Chemring Technology...

  • PARIS— The Catholic church is going digital in Paris. Trying to adapt "to new technologies to anticipate the gradual disappearance of cash money," the Paris diocese says it will introduce a system allowing contactless card payments during Sunday's mass at Saint Francois de Molitor, a church located in an upscale and conservative Paris neighborhood.

  • LONDON, Jan 18- Sterling steadied against the dollar on Thursday, consolidating some of the recent gains that have propelled the pound to its highest levels since Britain voted to exit the European Union. Sterling has in recent sessions been supported by a sell-off in the dollar and more positive noises from Europe over negotiations with Britain over the terms...

  • *TSMC expects 2018 revenue to climb 10-15 percent. TAIPEI, Jan 18- Taiwan Semiconductor Manufacturing Co Ltd expects a boom in the cryptocurrency market to drive up demand for high-end chips and help it post a record revenue this year, outweighing softening sales to smartphone vendors. "The urge to mine cryptocurrency is very strong, and the incentive of course...

  • *London's FTSE down 0.1 pct. LONDON, Jan 18- European shares notched up modest gains on Thursday, failing to match a rally that lifted Wall Street and Asia to new records. The pan-European STOXX 600 was up 0.2 percent by 0911 GMT but the UK's FTSE was down almost 0.3 percent.

  • *GKN says Melrose 32 pct bid premium is "fake". Jan 18- British engineering group GKN dismissed Melrose's 7.4 billion pound hostile bid as "misleading" on Thursday, and denied it was rushing into a break-up. GKN rejected turnaround specialist Melrose's bid on Wednesday, saying that the terms of the paper-and-cash offer were "effectively unchanged" from a first...

  • ATLANTA— Business leaders camped out in freezing temperatures in Atlanta to help urge revitalization in the city's west side. WSB-TV reports that 30 CEOs were part of the campout Wednesday night at a Chick-fil-A that is under construction in southwest Atlanta. Among them was Chick-fil-A CEO Dan Cathy, who said they want to bring attention to the fact that this...