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Wires

  • TOKYO, Feb 23- A global aluminum producer has offered Japanese buyers a premium of $135 per tonne for primary metal shipments during the April to June quarter, up 31 percent from the current quarter, three sources directly involved in pricing talks said on Friday.

  • MUMBAI, Feb 23- India's government fully endorses a dramatic move by domestic exchanges to cut off data to global bourses, sources familiar with the matter said, seeing it as vital to lure foreign investments into the country from Singapore and other financial centers. It was only after receiving the endorsement that India's three private stock exchanges-...

  • LONDON— Taxpayer-owned Royal Bank of Scotland has reported its first profit in a decade but warned that its 2018 results may be hit by a pending settlement with U.S. officials. Its financial results are expected to be substantially effected by a multibillion-dollar settlement with the U.S. Department of Justice over mortgage-backed securities that were...

  • HONG KONG, Feb 23- Hong Kong Exchanges and Clearing, the city's exchange operator, said on Friday it plans to offer concessions to U.S. and UK- listed companies considering a secondary listing in Hong Kong. The plans are part of the exchange's efforts to woo blockbuster Chinese companies to its market, including home tech giants such as Alibaba Group Holding and...

  • BERLIN— Germany saw a record budget surplus last year thanks to unbroken economic growth. Germany has now recorded a surplus for four years straight. Germany has also benefited from the European Central Bank's low interest rates, which have made the cost of public borrowing considerably cheaper.

  • *Shares fall 4.6 percent to 269 pence at 0835 GMT. LONDON, Feb 23- Royal Bank of Scotland Group reported its first full-year profit in a decade, but Friday's milestone was bitter-sweet for the British bank which had hoped to get a multi billion-dollar misconduct charge out of the way in 2017.. RBS shares fell 4.6 percent to 269 pence at 0835 GMT as it gave no update on a...

  • ZURICH, Feb 23- Swiss Re reported better-than-expected 2017 net income on Friday despite huge claims during 2017 and ruled out a capital increase to make is easier for Japan's SoftBank to buy a stake. The board was very comfortable with Swiss Re's capital position, he said, which let it raise its dividend to 5 francs per share and propose a new up to 1 billion Swiss...

  • LONDON, Feb 23- The euro slipped on Friday and is set to post its second biggest weekly loss in nearly four months as investors trim positions before a big week for global currency markets from a European politics perspective. With recent surveys and the European Central Bank's minutes of its January policy showing some signs of caution among policymakers...

  • HONG KONG, Feb 23- Hong Kong Exchanges and Clearing, the city's exchange operator, said on Friday it plans to offer concessions to U.S. and UK- listed companies considering a secondary listing in Hong Kong.

  • BERLIN, Feb 23- Foreign trade drove a 0.6 percent expansion in Europe's largest economy between October and December, German data showed on Friday, and the momentum from the fourth quarter is widely expected to carry over into the start of 2018.. Germany is still awaiting a new government five months after an inconclusive election in September.

  • Feb 23- Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout. **Around the region, MSCI's Asia ex- Japan stock index was firmer by 1.06 percent, while Japan's Nikkei index closed up 0.72 percent. **The yuan was quoted at 6.339 per U.S. dollar at 08:13 GMT, 0.3 percent...

  • DUBLIN, Feb 23- Kingspan expects a sharp slowdown seen in demand in Britain for its insulated panels to carry on because of what it termed the "Brexit quagmire," hammering the Irish building materials group's share price on Friday. The insulation producer warned that with general confidence ebbing and inward investment waning as Brexit approaches, Britain was...

  • *Biggest weekly rise of the year as March 4 election looms. LONDON, Feb 23- Italy's 10- year government bond yield was poised on Friday for its biggest weekly rise of the year so far, reflecting growing unease about a looming national election that is expected to result in a hung parliament. Italy's 10- year bond yield was up 1 bps at 2.09 percent.

  • LONDON, Feb 23- Royal Bank of Scotland cut Chief Executive Ross McEwan's pay package by 6 percent to 3.5 million pounds in 2017, when the bank reported its first profit in a decade but still overshadowed by its treatment of small businesses. The Chair of RBS's pay committee Robert Gillespie said the payout reflected that the bank performed well on financial...

  • SHANGHAI, Feb 23- China shares extended their rebound on Friday, shrugging off Beijing's seizure of high-flying conglomerate Anbang Insurance Group amid signs the government is once again supporting the country's stock markets after their recent rout. Anbang had violated laws and regulations which "may seriously endanger the solvency of the company", the...

  • *Spot gold may rise to $1,354/ oz- technicals. Spot gold was down 0.4 percent at $1,326.65 an ounce. Treasury yields remaining elevated, "said INTL FCStone analyst Edward Meir.

  • MILAN, Feb 22- With Milan at her feet, designer Miuccia Prada unveiled her fluorescent and urban chic fall-winter collection on Thursday, in a high rise building towering over Italy's fashion capital. Prada, who is also co-chief executive of the eponymous luxury group, used Milan Fashion Week to continue her exploration of different facets of femininity, with...

  • MILAN, Feb 22- With Milan at her feet, designer Miuccia Prada unveiled her fluorescent and urban chic fall-winter collection on Thursday, in a high rise building towering over Italy's fashion capital. Prada, who is also co-chief executive of the eponymous luxury group, used Milan Fashion Week to continue her exploration of different facets of femininity, with...

  • *Anbang chairman Wu Xiaohui prosecuted. BEIJING/ SHANGHAI, Feb 23- The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlights Beijing's willingness to curtail big-spending conglomerates as it cracks down on financial risk. Wu was arrested in June as troubles...

  • SINGAPORE, Feb 23- Oil prices dipped lower on Friday as investor concerns about high U.S. crude exports outweighed an unexpected drop in oil inventories in the world's biggest fuel consumer. West Texas Intermediate crude futures were at $62.74 a barrel at 0750 GMT, down 3 cents from their last settlement. Friday's dips followed gains during the previous day when...