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Wires

  • THE HAGUE, Netherlands _ Schlumberger NV on Friday reported a loss of $2.26 billion in its fourth quarter. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Nine analysts surveyed by Zacks expected $8.12 billion.

  • Jan 19- Oilfield services provider Schlumberger Ltd on Friday posted a bigger quarterly loss than a year earlier as the company took charges of $2.7 billion for restructuring and a handful of other impairments. The company's net loss widened to $2.26 billion, or $1.63 per share, in the fourth quarter ended Dec. 31, from $204 million, or 15 cents per share, a year...

  • *Hungary trying to push down borrowing costs. The benchmark 10- year bond yield jumped about 10 basis points after the IRS auction and was trading flat at 2.08 percent on Friday. A Budapest- based fixed income trader said a jump in IRS yields in the market on Thursday triggered some spot debt selling.

  • LONDON, Jan 19- Gold prices rose half a percent on Friday as the dollar laboured near a three-year low amid heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six. The U.S. dollar fell versus a basket of currencies after legislation to stave off an imminent federal government shutdown encountered...

  • LONDON, Jan 19- Sterling weakened against the euro and the yen on Friday as disappointing UK retail sales data dented broadening optimism about the currency as investors' risk appetite grows. "The retail sales data paints a picture of a UK economy that is not enjoying a recovery that is being seen elsewhere across the world and the pound is reflecting that," said...

  • Unreleased full-year coal employment data from the Mining Health and Safety Administration shows total U.S. coal mining jobs grew by 771 to 54,819 during Trumps first year in office, led by Central Appalachian states like West Virginia, Virginia, and Pennsylvania- where coal companies have opened a handful of new mining areas. But the industry also lost jobs in...

  • BRUSSELS, Jan 19- Social media companies Facebook, Twitter and Google's YouTube have accelerated removals of online hate speech, reviewing more than two thirds of complaints within 24 hours, new EU figures show. The European Union has piled pressure on social media companies to increase their efforts to fight the proliferation of extremist content and hate...

  • PROVIDENCE, R.I. _ Citizens Financial Group Inc. on Friday reported fourth-quarter net income of $666 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Five analysts surveyed by Zacks expected $1.45 billion.

  • LONDON, Jan 19- The share of Saudi Arabia's exports of refined oil products steadily rose throughout 2017, offsetting a drop in overseas crude oil sales as the kingdom complied with a global supply pact, the International Energy Agency said on Friday. Saudi Arabia has invested in a number of huge refineries in recent years in order to meet growing domestic...

  • *$23.9 bln flows into stocks. *$5.1 bln flows into bonds. LONDON, Jan 19- The relentless rise in global stocks should extend in the short-term as investors pump record amounts of cash into equities after a "super-frothy" start to 2018, strategists at Bank of America Merrill Lynch said on Friday.

  • STAMFORD, Conn. _ Synchrony Financial on Friday reported fourth-quarter profit of $385 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Four analysts surveyed by Zacks expected $3.96 billion.

  • PARIS, Jan 19- Remy Cointreau on Friday said a strong euro against the U.S. dollar would have a big impact on full-year operating profit after the French spirits group reported stronger than expected third-quarter sales. Finance chief Luca Marotta said a strong euro against the dollar would knock 17- 18 million euros off full-year operating profit, a bigger hit...

  • *Spain/ Germany yield spread narrows to 94 bps. LONDON, Jan 19- The premium investors demand to hold Spanish government bonds over benchmark German debt dropped to its lowest in six months on Friday on expectations of a ratings upgrade that would give Spain its first "A" rating since the euro zone debt crisis. That would restore the country's "A" status for the first...

  • *Trading on crypto exchanges cross $3.5 bln in India- official. NEW DELHI, Jan 19- India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17- month period, the income tax department said. Tech-savvy young investors, real estate...

  • KASPERSKY LAB SAYS SALES FELL 8 PCT Y/Y IN NORTH AMERICA DUE TO "GEOPOLITICAL CHALLENGES AND UNSUBSTANTIATED ALLEGATIONS".

  • KASPERSKY LAB SAYS REVENUE INCREASED 8 PCT Y/Y IN 2017 TO $698 MLN.

  • MOSCOW, Jan 19- Moscow- based cyber security company Kaspersky Lab said on Friday its revenue increased 8 percent year-on-year in 2017, though sales fell in North America because of allegations about its ties to the Russian government. Revenue totalled $698 million in 2017, up from $644 million in the previous year but slightly below a target of more than $700...

  • Jan 18- Regions Financial Corp's fourth-quarter profit rose 14.3 percent, as it earned more interest income. The Alabama- based lender said on Friday net income applicable to common shareholders rose to $319 million or 27 cents per share in the quarter ended Dec. 31, from $279 million or 23 cents per share, a year earlier. Net interest income and other financing...

  • *Soybeans up on dry Argentina weather. *Corn also supported by Argentina risks, wheat by short-covering. PARIS/ SINGAPORE, Jan 19- Chicago soybean futures rose for a fifth straight session on Friday, putting them on course for the biggest weekly gain in three months as the market focused on the risk of dry weather damaging crops in Argentina.

  • WASHINGTON, Jan 19- Racing against a midnight deadline, the U.S. Congress will try on Friday to send President Donald Trump legislation to keep the government operating and avoid federal agency shutdowns that would otherwise begin on Saturday. Without a replenishment of funds, federal agencies ranging from the Department of Agriculture, Health and Human...