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  • Jan 16- SQN Investors LP said on Wednesday Yelp Inc's shares could surge anywhere between $55 and $65, about 50-80 percent higher than its current price, if it implements the hedge fund's recommendations to check its "underperformance". SQN, which owns more than 4 percent stake in Yelp and is one of the top five investors, said the local search and customer review...

  • BRASILIA, Jan 16- Brazil's far-right President Jair Bolsonaro and Argentina's President Mauricio Macri said after their first meeting on Wednesday that they agreed on their opposition to Venezuela's authoritarian government, with Macri calling Venezuelan President Nicolas Maduro a "dictator." "Our cooperation with Argentina on the Venezuelan question...

  • GOLDMAN SACHS CFO STEPHEN SCHERR SAYS BANK INCREASED ITS MARKET SHARE OF FIXED INCOME TRADING.

  • Jan 16- Brazilian stocks fell on Wednesday as bank losses weighed on the Bovespa index despite robust gains from the retail and materials sector, while currencies in Latin America weakened against the U.S. dollar. Shares of Brazilian gun maker Taurus Armas SA, which does not trade on the benchmark, fell more than 10 percent after Brazil's government said it is...

  • *India's e-commerce policy threatens global online retail giants. NEW DELHI, Jan 16- India's new foreign investment restrictions for its e-commerce sector, which includes giants such as Amazon.com Inc and Walmart-owned Flipkart, could reduce online sales by $46 billion by 2022, according to a draft analysis from global consultants PwC seen by Reuters.

  • Jan 16- Bank of New York Mellon Corp beat Wall Street estimates for fourth-quarter profit on Wednesday, as it earned more in fees from servicing assets that clients keep with the bank and kept a tight lid on expenses. A 10 percent rise in total fee revenue to $3.15 billion lifted overall revenue by 7.5 percent to $4 billion. Net income applicable to common...

  • GOLDMAN CEO SAYS LEISSNER PURPOSEFULLY CONCEALED HIS SCHEME.

  • GOLDMAN CEO: THE GOVERNMENT OF MALAYSIA REPRESENTED THAT NO INTERMEDIARIES WERE INVOLVED IN 1 MDB OFFERING.

  • LONDON, Jan 16- Prime Minister Theresa May on Wednesday was trying to forge consensus in parliament on a Brexit divorce agreement after the crushing defeat of her own deal left Britain's exit from the European Union in disarray 10 weeks before it is due to leave. The confidence motion, called by opposition Labour Party leader Jeremy Corbyn after lawmakers...

  • Jan 16- U.S. stocks opened higher on Wednesday, boosted by financial stocks after strong earnings from Goldman Sachs and Bank of America. The Dow Jones Industrial Average rose 74.32 points, or 0.31 percent, at the open to 24,139.91. The S&P 500 opened higher by 4.45 points, or 0.17 percent, at 2,614.75.

  • Jan 16- The number of U.S. consumers who applied for loans to buy a home and to refinance one rose to an 11- month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers Association said on Wednesday. The Washington- based industry group's seasonally adjusted gauge on mortgage applications increased...

  • TORONTO, Jan 16- The Canadian dollar was little changed against its U.S. counterpart on Wednesday, extending this week's sideways pattern as stocks took British political upheaval in stride and oil prices reduced some of the previous day's gains. World equity markets held their nerve after the heavy parliamentary defeat of British Prime Minister Theresa...

  • *Theresa May's no confidence vote expected at 2 p.m. ET. Jan 16- Wall Street was set to extend gains on Wednesday, after hitting a four-week high in the previous session, as strong earnings from Goldman Sachs and Bank of America as well as a $22 billion deal in the fintech sector lifted sentiment. Goldman Sachs climbed 3.2 percent in premarket trading after reporting...

  • BANK OF AMERICA CFO EXPECTS NET INTEREST MARGIN TO EDGE UP IN Q1.

  • WASHINGTON, Jan 16- U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest annual drop in more than two years. The report from the Labor Department on Wednesday added to weak producer and consumer prices data, strengthening economists'...

  • BRUSSELS, Jan 16- The European Union will limit imports of steel into the bloc following U.S. It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S. The European Commission said on Wednesday that...

  • YELP INVESTOR SAYS SITE COULD BE WORTH $65 A SHARE, URGES CHANGE; PREPARED TO LAUNCH PROXY FIGHT- BLOOMBERG.

  • The FCC, or Future Circular Collider, proposed by more than 150 universities and science institutes, would be a huge tubular circuit almost four times as long, with 10 times more power than the LHC at CERN, the European Centre for Nuclear Physics. But the decision on whether to go ahead with the FCC- incurring an initial 9 billion euro bill for participating...

  • JERUSALEM, Jan 16- A U.S. official cautioned Israel on Wednesday over investments from China, citing cyber-security concerns and the prospect of Israel's allies limiting intelligence-sharing with it. Interest by Huwaei and ZTE in Israel has worried its U.S. ally, as has the green light it granted China's Shanghai International Port Group in 2013 to build a...

  • HARARE, Jan 16- Protests against fuel price hikes in Zimbabwe have entered their third day, posing a major challenge for President Emmerson Mnangagwa who replaced long-time leader Robert Mugabe and promised to repair the creaking economy. The crisis will not be easy to fix. On Saturday, Mnangagwa announced to reporters that the price of petrol had increased to...