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  • PARIS, Jan 22- Shares in French drugmaker Sanofi fell on Monday after the company announced a $11.6 billion takeover of U.S. haemophilia treatment specialist Bioverativ, with some traders saying the price looked expensive. People do appear to be a bit sceptical on the price, but not overtly so, "said Terry Torrison, managing director at Monaco- based McLaren...

  • Jan 22- British online grocer Ocado on Monday said it had signed an agreement with Sobeys Inc to develop the online grocery business at Canada's second largest food retailer. Under the deal, the two companies will develop a customer fulfilment centre in Toronto and will also consider developing more centres in Canada's dense urban areas.

  • LONDON, Jan 22- Britain's Dixons Carphone, battling a fall in profit and about to lose its top two directors, said on Monday it had enjoyed a solid Christmas trading period due to strong demand for the iPhone in Britain. Dixons Carphone issued its trading statement a day earlier than planned after CEO Seb James said on Friday he would step down in April to join Boots,...

  • DALLAS— Some in the U.S. solar-power industry are hoping a decision this week by President Donald Trump doesn't bring on an eclipse. On the other side are two U.S. subsidiaries of foreign companies that argue the domestic manufacturing of solar cells and modules has been decimated by a flood of imports, mostly from Chinese companies with operations throughout...

  • SINGAPORE, Jan 22- Oil prices climbed on Monday, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are withholding supplies would continue beyond 2018.. Brent on Jan. 15 rose to $70.37, its highest since December 2014. Saudi Arabia, the world's top oil exporter and de-facto leader of the Organization of the Petroleum...

  • *Vietnam undergoing widespread corruption crackdown. HANOI, Jan 22- A court in Vietnam on Monday sentenced a former politburo official to 13 years in prison and another high-profile energy official to life imprisonment for embezzlement and violating state rules, in a corruption crackdown, state media said. Dinh La Thang, a former politburo official and the...

  • PARIS, Jan 22- Orange Chief Executive Stephane Richard's contract should be renewed, France's finance minister said on Monday, even after Richard was ordered to stand trial for abusing public funds in a case unrelated to the telecommunications firm. "Stephane Richard has done a good job," Bruno Le Maire said on Radio Classique. The CEO of Orange is facing charges in...

  • *Agrees to buy Bioverativ for $105/ share in cash. PARIS, Jan 22- French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, in a deal which it said would boost earnings and strengthen its presence in treatments for rare diseases. Sanofi has agreed to buy all of the outstanding shares of Bioverativ for $105 per share in...

  • *Agrees to buy Bioverativ for $105/ share in cash. PARIS, Jan 22- French healthcare group Sanofi has agreed to buy U.S. hemophilia specialist Bioverativ for $11.6 billion, in a deal which it said would boost earnings and strengthen its presence in treatments for rare diseases. Sanofi has agreed to buy all of the outstanding shares of Bioverativ for $105 per share in...

  • *Speculators raise net gold longs in the week to Jan. 16. *Spot gold may drop to $1,323.70/ oz- technicals. Republican and Democratic leaders of the U.S. Senate held talks on Sunday seeking to break an impasse that has kept the U.S. government shut down for two days, but it was unclear if a deal could be struck to reopen federal agencies by the start of the work week.

  • TOKYO, Jan 22- Wall Street stock futures and the dollar pulled back slightly on Monday after the U.S. government was forced to shut down amid a dispute between President Donald Trump and Democrats over immigration. Britain's FTSE futures are down 0.1 percent. MSCI's broadest index of Asia-Pacific shares outside Japan managed to erase slim losses earlier to eke...

  • PARIS, Jan 22- Airbus Helicopters delivered slightly fewer helicopters in 2017 compared to a year ago, due partly to a broader slowdown in orders in its sector. The company, which is a division of European planemaker Airbus, said it delivered 409 helicopters in 2017 compared to 418 helicopters delivered in the previous year. Airbus Helicopters added that its...

  • ZURICH, Jan 22- Luxury goods maker Richemont on Monday offered up to 2.8 billion euros to buy the shares in Yoox Net-A-Porter that it does not already own in a deal aimed at boosting the Swiss company's online presence. The offer, for 38 euros per share for the 75 percent of shares that Richemont does not own represents an almost 26 percent premium to Yoox...

  • BERLIN— Swiss bank UBS has reported a 2.22 billion-franc loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform. CEO Sergio Emotti said: "We delivered stronger financial results and met our net cost reduction target. UBS said in March it will start a three-year share buyback program worth up to 2 billion francs— up to...

  • Jan 22- British online grocer Ocado said it had signed an agreement with Sobeys Inc to help Canada's second largest food retailer to develop its online grocery business.

  • MELBOURNE, Jan 22- London copper on Monday edged higher from the $7,000 level that has marked support so far this year, as an upbeat mood among Japanese manufacturers added to a brightening picture for global metals demand. A resilient property market in China and a pick up in global manufacturing growth are adding to a rosier outlook for this year, said analyst...

  • LONDON, Jan 22- Dixons Carphone tightened its full-year profit forecast range on Monday after a strong performance in Norway and Greece combined with better demand for the new iPhone in Britain to boost its Christmas trading. The electricals retailer, which announced the pending departure of its CEO Seb James on Friday, said underlying group revenue was up 6...

  • FRANKFURT, Jan 22- South African retailer Steinhoff plans to sell about 7.5 billion rand of shares in investment firm PSG Group as it scrambles to plug a liquidity gap after it disclosed "accounting irregularities". Steinhoff owns about 25 percent of PSG, which has a total market value of around 60 billion rand. Steinhoff last month shocked investors with the...

  • *Shanghai stocks higher, blue-chip CSI300 index up. *Gains in Shanghai stocks led by Gome Telecom Equipment Co Ltd and losses by Hna Innovation Co Ltd. **The largest percentage gainers in the main Shanghai Composite index were Gome Telecom Equipment Co Ltd up 10.04 percent, followed by CCS Supply Chain Management Co Ltd gaining 9.96 percent and Triumph Science&...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? RIC= PHGDPQ %3 DE C I data. MANILA, Jan 22- The Philippines' economy was expected to have ended 2017 on a solid footing with growth in the last quarter gathering momentum from strong domestic demand, robust government spending, and a rebound in farm output.