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Wires

  • LONDON, Feb 19- Copper fell on Monday as a recovery in the dollar prompted some buyers to cash in gains after its the biggest weekly price increase in more than a year. "Financial markets have had quite a volatile month, and that has also been the case for copper," Danske Bank analyst Jens Pedersen said. *COPPER: London Metal Exchange copper was down 0.8 percent at...

  • LONDON, Feb 19- Copper fell on Monday as a recovery in the dollar prompted some buyers to cash in gains after its the biggest weekly price increase in more than a year. "Financial markets have had quite a volatile month, and that has also been the case for copper," Danske Bank analyst Jens Pedersen said. *COPPER: London Metal Exchange copper was down 0.8 percent at...

  • NAPLES, Italy— In the Naples suburb of Torre del Greco, a port town at the foot of Mount Vesuvius, voters are steaming. Whichever party can convert voters' palpable anger in the south into support in Italy's March 4 election could very well determine who governs Italy. The maverick 5- Star Movement, a populist phenomenon that bills itself as the antidote to...

  • LONDON, Feb 19- Britain and Australia would not be able to negotiate a bilateral trade deal if Britain decides to stay in the European Union's customs union after Brexit, Australian Foreign Minister Julie Bishop said on Monday. "Australia is very keen to pursue a free trade agreement with the United Kingdom. I think that would be precluded if the United Kingdom...

  • SINGAPORE, Feb 19- Singapore Exchange Ltd said on Monday it will launch successor products to its flagship Indian equity index derivatives before the bourse's license agreement with the National Stock Exchange of India expires in August 2018. "We view the announcement of the successor products to SGX Nifty family of products as a positive development to the...

  • LONDON, Feb 19- Britain and Australia would not be able to negotiate a bilateral trade deal if Britain decides to stay in the European Union's customs union after Brexit, Australian Foreign Minister Julie Bishop said on Monday. "Australia is very keen to pursue a free trade agreement with the United Kingdom. I think that would be precluded if the United Kingdom...

  • HELSINKI— Latvia's financial regulator has ordered the crisis-struck ABLV Bank to cease all payments on the request of the European Central Bank amid U.S. accusations of money laundering and breaching sanctions on North Korea. The ECB said Monday that the Financial and Capital Markets Commission of Latvia has imposed "a prohibition of all payments by ABLV...

  • LONDON, Feb 19- Emerging stocks clawed their way slightly higher on Monday though currencies came under some pressure after the dollar found its footing, with South Africa in focus as markets awaited a cabinet reshuffle ahead of Wednesday's budget. Bourses in South Korea, Turkey and Poland gained, but stocks in Moscow and South Africa slipped.

  • RIGA/ FRANKFURT, Feb 19- Latvia's government was meeting in emergency session on Monday after one of the Baltic country's biggest banks reeled under accusations of busting sanctions on North Korea and the central bank governor was detained by the anti-corruption agency. ABLV Bank, the country's third biggest lender, was ordered to stop all payments as its...

  • LONDON, Feb 19- British shares were mixed on Monday as weak results from Reckitt Benckiser underlined the murky growth outlook for big consumer goods makers. The UK's top share index was little changed at 7,296 points at 1000 GMT, with Reckitt and other consumer staples makers the biggest drag on the FTSE, offset by gains in banks and in energy producers after oil...

  • LONDON, Feb 19- Australia would welcome interest from Britain in joining the Trans-Pacific Partnership regional trade group after it has left the European Union, Australian Foreign Minister Julie Bishop said on Monday. The 11 TPP countries- which include Japan, Canada and Mexico as well as Australia- are due to sign their agreement in March.

  • Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to revive profits in France, its biggest market, where it now makes more than 50 percent of its sales, at a time of slower growth in Brazil. Shares in Casino rose 1.3 percent, outperforming a weaker overall Paris market on Monday as investors welcomed the news of the planned...

  • LONDON, Feb 19- British consumer goods group Reckitt Benckiser missed 2017 profit expectations and said tough trading in developed markets and rising commodity costs were set to continue, hitting its shares. It pointed to an improved performance at its recently acquired Mead Johnson baby formula business, and raised its forecast for cost savings from that...

  • LONDON, Feb 19- World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs. Trading was slower than usual due to market holidays in the United States and China, but moves in the steel sector were pronounced in the wake of the U.S. government outlining proposals...

  • SINGAPORE, Feb 19- Singapore confirmed it plans to hike its sales tax to 9 percent from 7 percent, but said the change will only be made "sometime" between 2021 and 2025.. Pushing a change till at least three years away surprised some, after policymakers had flagged before Monday's budget speech that Singapore must increase revenue to meet future spending needs of...

  • TOKYO, Feb 19- Japan's steel industry said on Monday the U.S. Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade, calling for Washington to make a careful and appropriate decision. Yasuji Komiyama, director of the metal industries division of Japan's Ministry of Economy, Trade and...

  • LONDON, Feb 19- Britain's pound inched down against the dollar and euro on Monday, with traders cautious ahead of key wages data due later in the week that should give them clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but economists say any such tightening is dependent on pay growth...

  • LONDON, Feb 19- Australia would welcome interest from Britain in joining the Trans-Pacific Partnership regional trade group after it leaves the European Union, Australian Foreign Minister Julie Bishop said on Monday. Britain's trade minister Liam Fox said earlier this year that joining the TPP was an option for the country after Brexit.

  • WARSAW, Feb 19- Poland's coal imports from the United States jumped five-fold last year to 839,000 tonnes due to shortages on the domestic market, data from the state-run ARP agency, which monitors the Polish coal market, showed. Poland, which generates most of its electricity from coal, faced coal shortages last year mostly because mining giant PGG failed to meet...

  • *Speculators cut net gold longs in the week to Feb. 13. Spot gold was mostly unchanged at $1,347.50 an ounce. The metal rose 2.4 percent last week in its best weekly gain in more than five months, as investors bought gold on fears of rising inflation in the United States.