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Wires

  • *Latvia's top bank making bid to lift moratorium. RIGA, Feb 22- One of Latvia's largest banks has asked for a 480 million euro loan from the country's central bank as part of efforts to reopen for business after being forced to halt all payments in the face of money laundering accusations. Most of its deposits are held by foreigners from countries including Russia...

  • *Premiums in India slip to $2/ oz as local rates near 15- mth highs. BENGALURU/ MUMBAI, Feb 23- High local prices hit physical gold demand in India this week while activity in most other Asian centers remained subdued due to the Lunar New Year holiday. In India, the second biggest consumer of the metal after China, local gold prices were trading near a 15- month high of...

  • *Premiums in India slip to $2/ oz as local rates near 15- mth highs. BENGALURU/ MUMBAI, Feb 23- High local prices hit physical gold demand in India this week while activity in most other Asian centres remained subdued due to the Lunar New Year holiday. In India, the second biggest consumer of the metal after China, local gold prices were trading near a 15- month high of...

  • BMW's announcement Friday adds to increasing competition in China's market for electrics as global automakers spend billions of dollars into developing models to meet official sales quotas. BMW said it signed a letter of intent with Great Wall Motor Co. and needs to work out a cooperation agreement and investment details. General Motors Co., Volkswagen AG,...

  • LONDON, Feb 23- Even if Britain agrees a Brexit transition deal with the European Union next month, bankers and regulators say it is unlikely to provide the legal certainty they are seeking. Britain's 2016 vote to leave the EU prompted banks to call for a "standstill" transition and new trading terms to avoid hasty decisions on moving staff and operations to meet EU...

  • *FTSE 100 down 0.2 pct. LONDON, Feb 23- The UK's top share index took a knock on Friday after bank RBS and airline operator IAG tumbled following their results, putting the FTSE 100 on track for a slight weekly loss. Britain's blue chip FTSE 100 index was down 0.2 percent at 7,240.07 points by 1002 GMT, while mid caps gained 0.2 percent.

  • *Building floating LNG regasification unit in Bangladesh. SINGAPORE, Feb 23- Electricity producer Summit Power International plans to list on the Singapore Stock Exchange by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to invest in assets across Asia. Singapore seems to be becoming a global...

  • NEW DELHI, Feb 23- India has offered Saudi Arabia a stake in the second phase of the south Asian nation's yet-to-be-built strategic oil reserves, Oil Minister Dharmendra Pradhan said in New Delhi on Friday. The government also discussed with Saudi Arabia investment opportunities in a proposed oil refinery with 1.2 million barrels per day of capacity on the...

  • LONDON, Feb 23- Britain's telecoms regulator will cap the price BT can charge rivals to use its fast broadband service and make it easier for all providers to use the company's infrastructure to build their own networks to boost the roll-out of fibre. Full fibre broadband is many times faster- and around five times more reliable- than today's superfast internet...

  • BEIJING— The founder of one of China's biggest insurers, who had discussed possibly investing in a Manhattan skyscraper owned by the family of U.S. Anbang Insurance Group chairman Wu Xiaohui is charged with improper fundraising and "taking others' money," according to a statement by the Shanghai prosecutor's office. The case adds to an avalanche of scandals in...

  • SERHETABAT, Turkmenistan— Construction has begun on the Afghanistan stretch of an ambitious pipeline that is to carry natural gas from Turkmenistan to Afghanistan, Pakistan and India. The 1840- kilometer TAPI pipeline is to carry 33 billion cubic meters of gas a year, an important new export outlet for Turkmenistan whose economy centers on its vast natural...

  • MILAN— Claudio Falciola joined millions of Italians who faced economic uncertainty when he lost his job as a technician in 2012 amid a long recession in the eurozone's third-largest economy. Italy's economy is forecast to grow by a decent rate of 1.5 percent this year, but that still lags the wider eurozone's estimated 2 percent. Household savings, long held as...

  • SAN DIEGO _ La Jolla Pharmaceutical Co. on Thursday reported a loss of $38.5 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.25 per share. La Jolla Pharmaceutical shares have increased slightly more than 1 percent since the beginning of the year.

  • SENNINGERBERG, Luxembourg _ Orion Engineered Carbons SA on Thursday reported fourth-quarter earnings of $24.9 million. The Senningerberg, Luxembourg- based company said it had net income of 41 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

  • GRAND RAPIDS, Mich. _ Universal Forest Products Inc. on Thursday reported fourth-quarter profit of $31.1 million. The Grand Rapids, Michigan- based company said it had profit of 51 cents per share. For the year, the company reported profit of $119.5 million, or $1.94 per share.

  • FOLSOM, N.J. _ South Jersey Industries Inc. on Thursday reported fourth-quarter net income of $4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. South Jersey Industries shares have dropped 16 percent since the beginning of the year.

  • HAMILTON, Bermuda _ Triton International Ltd. on Thursday reported fourth-quarter earnings of $209.7 million. On a per-share basis, the Hamilton, Bermuda- based company said it had profit of $2.57. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

  • *Russia waits on S&P investment grade rating decision. Europe's main London, Frankfurt and Paris markets barely budged in early moves, keeping MSCI's 47- country world index just in the black on the day but facing its third red week in the last four. Polls point to a hung parliament in Italy, where no one party or coalition has an outright majority to form a...

  • MENLO PARK, Calif. _ Dermira Inc. on Thursday reported a loss of $56 million in its fourth quarter. The Menlo Park, California- based company said it had a loss of $1.34 per share. Dermira shares have dropped almost 4 percent since the beginning of the year.

  • NEW YORK _ Goldman Sachs BDC Inc. on Thursday reported fourth-quarter net income of $12.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 47 cents per share. Three analysts surveyed by Zacks expected $34.6 million.