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  • DAVOS, Switzerland, Jan 22- The chief financial officer of Asia- focused bank Standard Chartered believes a second referendum on Britain's membership of the European Union could be a way to end a paralysing parliamentary deadlock on future ties with the bloc. Speaking to Reuters at the Global Economic Forum in Davos on Tuesday, Andy Halford said there was a "...

  • *FTSE 100 down 1 pct; FTSE 250 down 0.4 pct. Jan 22- Britain's FTSE 100 posted its worst day in nearly a month on Tuesday as renewed global economic slowdown worries sparked a sell-off across the U.S., Asian and European markets and a stronger pound weighed, while easyJet surged following its results. The blue-chip bourse fell 1 percent and the FTSE 250 closed down 0.4...

  • ABUJA, Jan 22- A leading Nigerian trade union has rejected a recommendation that the national monthly minimum wage be raised to 27,000 naira from 18,000 naira, its spokesman said on Tuesday. The Trade Union Congress of Nigeria, which represents senior civil servants, said agreeing a minimum wage is a product of negotiation and that the figure of 30,000 naira had...

  • SAO PAULO, Jan 22- Avianca Brasil, which filed for bankruptcy protection in December, is looking for a cash injection and has hired Brazilian consulting firm Galeazzi& Associados to help in talks with investors and creditors, the airline said. Galeazzi's executives are already visiting the carrier's creditors to discuss options, a source said, asking for...

  • Jan 22- U.S. stocks fell more than 1 percent on Tuesday and were on course to end a four-day rally on fears of slowing global growth after the International Monetary Fund trimmed its outlook and weak forecasts by companies, including Johnson& Johnson. The IMF forecast stalled a strong rally in stocks that was spurred by hopes the United States and China would...

  • MOSCOW, Jan 22- Russia's Energy Minister Alexander Novak will not fly to Switzerland to attend the Davos world economic forum due to changes in his schedule, an energy ministry spokeswoman told Reuters on Tuesday.

  • DAVOS, Switzerland, Jan 22- Brazil's new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business. Bolsonaro said he would work to open up Brazil's relatively closed economy, reduce and...

  • *Hugo Boss shines after reassuring results. LONDON, Jan 22- European shares extended their slide on Tuesday as growth worries weighed on global markets while results from Switzerland's UBS dragged on the banking sector. Oil prices also fell after the International Monetary Fund trimmed its global growth forecasts and a survey showed mounting pessimism...

  • TRADE UNION CONGRESS OF NIGERIA REJECTS 27,000 NAIRA MINIMUM WAGE RECOMMENDATION- SPOKESMAN.

  • KAMPALA, Jan 22- Uganda has deported a French and a Rwandan executive from telecoms group MTN, accusing them of planning to compromise national security, while other employees were being investigated for alleged incitement to violence, police said on Tuesday. MTN Uganda, the local unit of South African telecoms firm MTN Group, said its Chief Marketing Officer,...

  • *China's oil demand seen slowing as GDP growth weakest since 1990. *Saudi Arabia crude exports rise to 8.235 mln bpd in Nov. HOUSTON, Jan 22- Crude prices tumbled more than 3 percent on Tuesday over concerns that China's slowing economy could curtail fuel demand worldwide as forecasters predicted weaker global growth amid the U.S.- China trade war.

  • *UK shareholders will no longer count towards this after Brexit. LONDON, Jan 22- Airlines that will no longer be majority owned by EU nationals once Britain leaves the European Union face the threat of losing their right to fly within the bloc after Brexit due to share ownership rules. They are all trying to reach the 50 percent plus 1 threshold for non- UK EU...

  • *No huge hit to economy from sales tax hike- Suntory CEO. DAVOS, Switzerland, Jan 22- Japan must proceed with this year's scheduled sales tax hike and take steps to more sustainably draw in foreign workers, as a rapidly aging population and acute labor shortages strain its finances, an economic adviser to Prime Minister Shinzo Abe said. Takeshi Niinami, chief...

  • WASHINGTON, Jan 22- President Donald Trump's bid to build a U.S.- Mexico border wall and end a monthlong partial government shutdown suffered a blow on Tuesday when the U.S. Supreme Court left in place for now a program protecting young illegal immigrants from deportation. The border wall, government funding and "Dreamer" immigrants have become intertwined in...

  • Wall Street lower after holiday weekend. Investors shunned risk assets like equities as the International Monetary Fund warned of a dimmer outlook on Monday, China confirmed its slowest growth rate in nearly 30 years, and as Brexit uncertainty continued to drag on sentiment. "The larger concern is slowing global economic growth," said Art Hogan, chief market...

  • DAVOS, Switzerland, Jan 22- China's Huawei Technologies wants a quick resolution of the case of its former finance chief Meng Wanzhou, who is accused of violating U.S. sanctions on Iran and has been detained in Canada, its chairman said on Tuesday. The United States has told Canada it will request Meng's extradition, but has not said when it will do so, David...

  • *Break above $1,286/ oz could prompt run to $1,295- $1,300- analyst. Spot gold was up 0.1 percent at $1,280.80 an ounce at 9:33 p.m. ET, recovering from a dip on Monday to its lowest since Dec. 28 at $1,276.31. Risk-sentiment was dealt a blow when the International Monetary Fund flagged concerns about a dilapidating global economy on Monday, after data from China...

  • Clients in North America, Halliburton's biggest market by revenue, began pulling back on some drilling services last year amid transportation bottlenecks in the largest U.S. production region and after oil prices slid sharply in the fourth quarter. An oil glut and concerns about a global economic slowdown have pushed U.S. crude futures down about 30 percent...

  • LONDON, Jan 22- The port of Fujairah in the United Arab Emirates has decided to ban the use of a type of ship exhaust cleaner, becoming the latest location to impose restrictions on so-called open-loop scrubbers, a port document showed. The International Maritime Organization will prohibit ships from using fuels with sulfur content above 0.5 percent from Jan. 1,...

  • HANGZHOU, China, Jan 23- Gliding silently through Alibaba Group Holding Ltd's futuristic "FlyZoo" hotel, black disc-shaped robots about a metre in height deliver food and drop off fresh towels. It is also an experiment that tests consumer comfort levels with unmanned commerce in China- a country where intrusive data-sharing technology is readily tolerated and...