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  • BERLIN, Feb 22- German prosecutors said on Thursday they were searching the homes of three new suspects in connection with Audi's emissions scandal. Two of the new suspects are former members of Audi's executive board and all three are suspected of being partly responsible for the emissions trickery, Munich prosecutors said in a statement, adding that current...

  • PARIS, Feb 22- Chinese conglomerate Fosun on Thursday said it had completed a deal to become the majority shareholder in Lanvin, France's oldest surviving couture label which has been facing financial difficulties. "As China becomes the main growth driver of the global luxury market, we are confident that Fosun can bring great incremental value to Lanvin with...

  • LONDON, Feb 22- Sterling settled at a one-week low on Thursday as markets grew more convinced that the Bank of England will raise interest rates again in May on the back of an improving economy, though already large bullish positions may temper any big move higher. Despite the British currency's weakness this week, sterling is still up nearly 3 percent against the...

  • *Uber CEO says expects to lose money in Southeast Asia. NEW DELHI, Feb 22- Uber Technologies Inc's chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab. At the time of the investment, SoftBank said it wants...

  • BERLIN, Feb 22- German business confidence fell more than expected in February while remaining at a high level, a survey showed on Thursday, suggesting that Europe's biggest economy is set for solid growth in the first quarter of this year. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to...

  • Amsterdam lawyer Benedicte Ficq filed a criminal complaint in 2016 seeking a prosecution. Prosecutors in Amsterdam are expected to announce Thursday whether they will proceed with an investigation. Ficq has called for the prosecution of Phillip Morris, British American Tobacco, Japan Tobacco International and Imperial Tobacco Benelux.

  • *Combined operating ratio 94 pct, UK division 100.5 pct. LONDON, Feb 22- Even higher payouts for RSA shareholders are likely in 2018, chief executive Stephen Hester said on Thursday after the company posted an above-forecast 2017 operating profit and boosted its dividend by 23 percent. But performance was weaker in its UK and international division, in part due...

  • NEW DELHI— Want an evening out with Donald Trump Jr.? Trump Jr. arrived in India earlier this week to promote his family's high-end real estate brand. For days before he landed, full-page newspaper ads promised a Friday night dinner with Trump Jr. to buyers who put down a $39,000 deposit for an apartment in a new Trump project in a New Delhi suburb.

  • The telecoms business, France's third-biggest mobile operator which Bouygues failed to merge with market leader Orange in 2016, enjoyed profitable growth with a free cash flow target of 300 million euros in 2019/. Bouygues, which also builds roads and owns France's biggest private TV company TF1, said 2017 current operating profits rose to 1.420 billion...

  • HELSINKI, Feb 22- Angry Birds game maker Rovio Entertainment warned on profits on Thursday, wiping more than a third off the Finnish firm's stock price amid deepening doubts about its valuation. This was below analysts' forecasts of a margin of 14.5 percent and sales of 336 million euros, according to Thomson Reuters data. Shares in Rovio were down 39 percent to...

  • HELSINKI, Feb 22- Angry Birds game maker Rovio Entertainment warned on profits on Thursday, wiping more than a third off the Finnish firm's stock price amid deepening doubts about its valuation. This was below analysts' forecasts of a margin of 14.5 percent and sales of 336 million euros, according to Thomson Reuters data. Shares in Rovio were down 39 percent to...

  • LONDON, Feb 22- The dollar inched up to a 10- day high on Thursday, after minutes from the U.S. What was widely interpreted as a slightly more upbeat tone in the minutes of the Jan 30-31 meeting, released on Wednesday, cemented expectations that the Fed will hike rates under its new chief Jerome Powell next month, and that rates will be hiked on at least another two...

  • BEIJING, Feb 22- China said on Thursday it is investigating a Japanese report that a Chinese ship may have carried out a ship-to-ship transfer with a North Korean vessel in breach of U.N. sanctions. Japan suspects they were conducting ship-to-ship transfers banned by the U.N. Security Council and has informed the Security Council and shared the information...

  • LONDON, Feb 22- European shares retreated in early trading as a flurry of corporate results fail to lift sentiment after a new wave of speculation about faster hikes in U.S interest rates hit Wall Street and Asia and soured risk appetite globally. In the currently unpopular utilities sectors, France's Veolia jumped 3.3 percent after reporting an acceleration...

  • Feb 22- Hong Kong stocks pulled back on Thursday from a two-week high hit in the previous session as investors took profit from sectors such as tech and financials, though the decline was capped by inflows from mainland China. The Hang Seng China Enterprises index fell 1.25 percent to 12,528.64. **China's main Shanghai Composite index closed up 2.17 percent at...

  • *Spot gold may test a support at $1,316/ oz- technicals. "The high interest rate environment would be key driver that would drive gold prices lower," said OCBC analyst Barnabas Gan. "Since gold remains a zero yielding asset, higher interest rate environment could stimulate risk appetite and yield-chasing behaviour," said Gan, whose year-end outlook for gold is at...

  • *Dividend 1.26 euros/ share, also above forecasts. PARIS, Feb 22- French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second quarter this year. AXA, which ranks as Europe's second-biggest insurer in terms...

  • LONDON, Feb 22- Mining company Anglo American reported a 45 percent increase in annual earnings, halved its net debt and said it would carry on improving a business its CEO said is "fundamentally different" from during the commodity downturn. Anglo American was particularly hard hit by the commodity markets crash of 2015-16 and, along with Glencore, which on...

  • NEW DELHI, Feb 22- Uber Technologies Inc does not expect any change in its India operations following an investment deal with Japan's SoftBank Group, which also has a stake in the U.S. firm's India rival Ola, Uber's chief executive said on Thursday.. India is one of Uber's fastest-growing international markets and accounts for more than 10 percent of Uber's trips...

  • SINGAPORE, Feb 22- Oil prices fell on Thursday, pulled down as a firmer dollar outweighed a report of a decrease in U.S. crude inventories. West Texas Intermediate crude futures were at $61.15 a barrel at 0748 GMT, down 53 cents, or 0.9 percent, from their last settlement. "The firming dollar continues to thwart investor sentiment despite the bullish inventory data,"...