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  • NEW DELHI/ MUMBAI, Feb 18- The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies. The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi...

  • The educational push in China goes beyond what Lego does in other markets, in part a nod to the country's disciplined focus on learning but also a reflection of how the market is booming in importance as growth in the United States and Europe slows. The focus on learning, in a market notorious for its rigid exam-oriented education system and piles of homework,...

  • TOKYO, Feb 19- The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of currencies. "The slide by the dollar last week was perhaps overdone- for example, the dollar's drop to the mid 105 yen level was too rapid," said Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo.

  • West Texas Intermediate crude for March delivery was up 5 cents, or 0.1 percent, at $61.73 a barrel by 2348 GMT, after rising 4.2 percent last week. Surging U.S. production is offsetting efforts by the Organization of the Petroleum Exporting Countries and some other producers including Russia to curb production by 1.8 million barrels per day till the end of 2018..

  • Politica l and General News 1/ 8 POL/ DIA RY 3/ 8. 19- Feb Netherlands DTC auction 20- Feb Germany Auction of 2- year Treasury notes 20- Feb Spain Auction of 3- and 9- month Treasury bills 20- Feb United States Sale of 2- year notes 21- Feb United States Sale of 2- year floating rate notes 21- Feb United States Sale of 5- year notes 21- Feb Sweden Auction of government...

  • *U.S., Japan, Switzerland and Hong Kong score records. MILAN, Feb 19- Global dividends rose 7.7 percent to an all-time high of $1.25 trillion last year boosted by a buoyant world economy and rising corporate confidence, Janus Henderson said on Monday, predicting another record year ahead. The surge- the strongest since 2014- was driven by increases in every region and...

  • *Chanel, Farfetch to develop digital services for the label. PARIS, Feb 19- French couture house Chanel has taken a minority stake in London- based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label's clients with store assistants. Under the new deal, the label will not sell its...

  • FRANKFURT/ BERLIN, Feb 19- A court will decide on Thursday whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country's roads. Environmental group DUH has sued Stuttgart in Germany's carmaking heartland, and Duesseldorf over levels of particulate matter exceeding...

  • LONDON, Feb 19- Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. "They all came in too early," Tor Svelland, chief investment officer at hedge fund Svelland Capital, said, adding that the market is different this time around as capacity is shrinking.

  • **BRUSSELS- ECB Vice President Vitor Constancio participates in ECOFIN meeting in Brussels, Belgium. NEW YORK Swedish central bank Governor Stefan Ingves talks about economy and monetary policy- 1730 GMT. **LONDON Bank of England Governor Mark Carney, Deputy Governor Ben Broadbent, Chief Economist Andy Haldane and Monetary Policy Committee external member...

  • TOKYO, Feb 19- Japan's exports rose 12.2 percent in January from a year earlier to mark a 14th straight month of gains, Ministry of Finance data showed on Monday, underscoring solid global demand for Japanese goods. The result compared with a 10.3 percent increase expected by economists in a Reuters poll. The trade balance came to a deficit of 943.4 billion yen,...

  • SYDNEY, Feb 19- Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China's multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing's spreading influence, the Australian Financial Review reported on Monday, citing a senior U.S. official.

  • By Tetsushi Kajimoto and Izumi Nakagawa. TOKYO, Feb 19- Confidence among Japanese manufacturers worsened significantly in February from January's strong reading, the Reuters Tankan poll showed on Monday, suggesting the yen's strength and global stock market turmoil have undermined business sentiment. The Reuters poll of 544 large- and mid-sized companies,...

  • Former finance minister Jose Antonio Meade, 48, nominated on Sunday by the ruling Institutional Revolutionary Party, trails behind Lopez Obrador by as much as 20 points. Lopez Obrador told several hundred Morena supporters gathered at a Mexico City hotel that Trump's plan for a U.S.- Mexico border wall is unnecessary and bound to leave problems unresolved.

  • LONDON, Feb 18- Britain could reduce the burden of university fees on students and bring back grants for their living expenses, Prime Minister Theresa May will say on Monday, under pressure to lure younger voters a year after they cost her parliamentary majority. May's predecessor David Cameron, a fellow Conservative, tripled the cost of tuition for students...

  • SAN JUAN, Puerto Rico— Puerto Rico's power company said Sunday that it will reduce its operating reserve to save money amid a cash shortfall as officials warned the move could destabilize the U.S. territory's fragile electrical grid. William Rios, director of generation at Puerto Rico's Electric Power Authority, said a plan to reduce its reserve by 450...

  • *U.S. to sell $151 bln in bills, $107 bln in notes. NEW YORK, Feb 18- Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week. The Treasury Department began ramping up its debt issuance earlier...

  • MENLO PARK, Calif.— Facebook will soon rely on centuries-old technology to try to prevent foreign meddling in U.S. elections: the post office. Baffled in 2016 by Russian agents who bought ads to sway the U.S. presidential campaign, Facebook's global politics and government outreach director, Katie Harbath, told a meeting of the National Association of...

  • MEXICO CITY, Feb 18- Political parties in Mexico formally picked as presidential candidates on Sunday a leftist veteran politician with a strong lead in polls and a former finance minister of the ruling party who has trailed by as much as 20 points. Lopez Obrador, a former Mexico City mayor, has held a double-digit lead in most polls since last year and his support...

  • "Three Billboards Outside Ebbing, Missouri" has capped a winning evening at the British Academy Film Awards by taking the trophy for best picture. The British Academy Film Awards are Britain's equivalent of the Oscars. Frances McDormand has won the best actress prize at the British Academy Film Awards for her performance as a bereaved mother in "Three...