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  • China, the world's biggest solar panel producer, has already branded the move an "over-reaction." But China is confident in its own economy, which this year will see the scale of domestic consumption overtake the United States for the first time, she said, citing comments the previous day by Chinese Foreign Minister Wang Yi in Chile. "This means that after 2018, the...

  • However, it shouldn't be forgotten what a good job Fevertree has done in capitalising on this tailwind, "said George Salmon, equity analyst at Hargreaves Lansdown. UK gin sales leapt more than 100 percent in the first half of 2017, helped by demand for premium brands. Investec analyst Nicola Mallard said the company overtook Schweppes to become the No.1 mixer...

  • At 0950 GMT, the FTSE was down 0.5 percent, slightly underperforming other European markets as the pound rose 0.7 percent to about $1.41, a level not seen since June 2016. The UK jobs data boosted gilt yields, dimming the appeal of consumer staples stocks that are a favourite among income investors, such as BAT and Reckitt Benckiser, which contributed the most to the...

  • BRUSSELS— The European Union is slapping a $1.23 billion fine on U.S. chipmaker Qualcomm for abusing its market dominance in the lucrative sector. EU Commissioner Margrethe Vestager said Wednesday San Diego-based Qualcomm "illegally shut out rivals from the market" for more than five years by paying key customer Apple on condition it would not use chips made...

  • KHOBAR, Saudi Arabia/ RIYADH, Jan 24- An advisory council to Saudi Arabia's government has asked the kingdom's securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market. The Shura Council's fiscal committee has also asked the Capital Market Authority to make...

  • ECB'S NEW RULES ON NON-PERFORMING LOAN STOCK FACE DELAY: SOURCES.

  • ECB COULD SET OUT PRINCIPLES IN MARCH, FILL IN DETAILS LATER: SOURCES.

  • *Jan flash composite PMI 58.6, highest since June 2006. LONDON, Jan 24- Euro zone businesses kicked off 2018 in much better shape than anyone polled by Reuters expected, ramping up activity at the fastest rate since the middle of 2006, a survey showed on Wednesday. That will cheer the European Central Bank as it moves towards tighter monetary policy.

  • FRANKFURT, Jan 24- European Central Bank supervisors are likely to postpone publishing new rules aimed at tackling a huge pile of unpaid loans weighing down euro zone banks after fierce criticism from lawmakers and bankers, sources have told Reuters. Bankers and European parliamentarians, particularly from Italy, fear that forcing banks to set aside more...

  • MUMBAI, Jan 24- India's state of Maharashtra, the country's second-biggest cotton producing state, has cut its forecast for output of the fiber by 37 percent from its September outlook as a pest infestation has reduced yields, a senior government official told Reuters. The drop in the output could lift local prices and reduce the exports from India, the world's...

  • LONDON, Jan 24- Most emerging market currencies climbed on Wednesday, with China's yuan and South Africa's rand both touching more than two-year highs as the dollar wallowed in its weakest run since 2010-11.. Asia saw multi-year highs for the yuan, Thai baht, Malaysian ringgit and Singapore dollar, but it was the resurgent rand that made the biggest splash as it...

  • DUBAI, United Arab Emirates— Saudi media are reporting that 95 people are still being held by authorities in a purported anti-corruption campaign that was launched nearly three months ago by the kingdom's influential crown prince. Billionaire Prince Alwaleed bin Talal is reportedly among those still being held since early November when Crown Prince...

  • BERLIN— German daily Frankfurter Allgemeine Zeitung reports that automakers Daimler and BMW plan to merge their rival car-sharing services. BMW and Daimler declined to comment on the report. Car2go, in which Europcar has a stake, has 2.8 million members worldwide and operates in 26 cities across Europe, North America and China.

  • LOD, Israel _ AudioCodes Ltd. on Wednesday reported fourth-quarter net income of $672,000. The Lod, Israel- based company said it had profit of 2 cents per share. AudioCodes shares have risen slightly more than 4 percent since the beginning of the year.

  • ST PAUL, Minn. _ H. B. Fuller Co. on Tuesday reported a fiscal fourth-quarter loss of $7.6 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Three analysts surveyed by Zacks expected $613.6 million.

  • BOWIE, Md. _ Old Line Bancshares Inc. on Tuesday reported fourth-quarter earnings of $5.9 million. The bank, based in Bowie, Maryland, said it had earnings of 46 cents per share. Old Line Bancshares shares have increased 5 percent since the beginning of the year.

  • BASEL, Switzerland _ Novartis AG on Wednesday reported fourth-quarter profit of $1.98 billion. On a per-share basis, the Basel, Switzerland- based company said it had profit of 84 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

  • LONDON, Jan 24- Oil prices slipped on Wednesday, under pressure from a rise in U.S. crude and gasoline inventories although crude remained near three-year highs. Brent futures eased 24 cents to $69.72 a barrel at 0930 GMT, after climbing above $70 this month for first time since 2014. "The market has rallied by 50 percent and a lot of investors have been involved for a...

  • DAVOS, Switzerland, Jan 24- Brazilian President Michel Temer vowed on Wednesday to press on with his reform agenda, including changes to social security, regardless of the approach of presidential elections this year. Speaking at the World Economic Forum in Davos, Switzerland, the president said he would battle "day and night" to win passage of social security...

  • BRUSSELS, Jan 24- The public sector deficit in the euro zone dropped to the lowest level since euro bank notes and coins were introduced in 2002 in the third quarter of last year, principally due to a sharp rise in Germany's surplus. Many countries saw improved budgetary figures, although the largest impact came from Germany, where the surplus rose to 2.5 percent...