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Wires

  • SINGAPORE, Feb 22- The dollar traded near a one-week high against a basket of major currencies on Thursday, rising after minutes of the Federal Reserve's January meeting showed policymakers were more confident of the need to keep raising interest rates. The dollar index last stood at 90.117, after reaching a high of 90.166, its highest level since Feb. 13.

  • MELBOURNE, Feb 22- London metals fell on Thursday after U.S. policymakers backed the need for more rate rises, pushing up the dollar and putting pressure on metals as trading in Shanghai resumed after a week-long break. *SHFE: Shanghai Futures Exchange copper pared early gains of 1 percent to trade last at 52,800 yuan a tonne, still up half a percent.

  • *Spot gold was largely flat at $1,323.73 an ounce at 0108 GMT, a day after it fell to its lowest in a week at 1,322.20. *U.S. gold futures were down 0.3 percent at $1,328.1 per ounce. *The more upbeat take on inflation in the minutes of the Jan. 30-31 policy meeting released on Wednesday will likely further cement expectations that new Fed chief Jerome Powell will lead his...

  • SHANGHAI, Feb 22- China's central bank lowered its official yuan midpoint to 6.3428 per dollar on Thursday, the weakest level in nearly a month, to catch up with dollar movements in overseas markets. The official yuan midpoint was 102 pips, or 0.16 percent, weaker than the previous fix of 6.3428 on Feb.14. Thursday's official guidance rate was the softest since Jan....

  • CAMBRIDGE, Mass., Feb 21- Billionaire investor Ray Dalio, who founded world's largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. economy will stumble into a recession before the next presidential election in 2020.. The probability of a recession prior to the next presidential election would be relatively high, maybe 70...

  • WASHINGTON, Feb 21- The U.S. Commerce Department on Wednesday piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44 percent to 276.65 percent to already steep anti-subsidy duties on the fuels. The latest duties make it virtually certain that biodiesel from Argentina and Indonesia will not be sold in the U.S....

  • RICHMOND, Va.— Environmental activists, business groups and a retired U.S. Navy admiral in Virginia blasted the Trump Administration's offshore drilling plan Wednesday, claiming that it would interfere with military training near the world's largest Navy base and imperil the coast's tourism and fishing industries. The group converged near a hotel...

  • SINGAPORE, Feb 22- Oil prices fell on Thursday, pulled down as a firmer dollar outweighed a report of a decrease in U.S. crude inventories. West Texas Intermediate crude futures were at $61.12 a barrel at 0102 GMT, down 56 cents, or 0.9 percent, from their last settlement. "The firming dollar continues to thwart investor sentiment despite the bullish inventory data,"...

  • AUDUBON, Pa. _ Globus Medical Inc. on Wednesday reported fourth-quarter net income of $24.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Globus Medical expects full-year earnings to be $1.50 per share, with revenue expected to be $690 million.

  • SAN FRANCISCO _ Castlight Health Inc. on Wednesday reported a loss of $8.6 million in its fourth quarter. On a per-share basis, the San Francisco- based company said it had a loss of 6 cents. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 4 cents per share.

  • WASHINGTON, Feb 21- The U.S. Commerce Department on Wednesday piled on more import duties on biodiesel from Argentina and Indonesia, adding anti-dumping duties of 60.44 percent to 276.65 percent to already steep anti-subsidy duties on the fuels. The latest duties make it virtually certain that biodiesel from Argentina and Indonesia will not be sold in the U.S....

  • MANCHESTER, Conn. _ Lydall Inc. on Wednesday reported fourth-quarter profit of $13.5 million. The Manchester, Connecticut- based company said it had net income of 80 cents per share. Lydall shares have decreased 14 percent since the beginning of the year.

  • HARRISBURG, Pa. _ Hersha Hospitality Trust on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 44 cents per share. Eight analysts surveyed by Zacks expected $115.8 million.

  • TOKYO, Feb 22- The Bank of Japan should consider buying foreign bonds as part of efforts to reflate the economy during Governor Haruhiko Kuroda's second term at the central bank helm, an economic adviser to Prime Minister Shinzo Abe said. But some academics have proposed that the BOJ could buy them if doing so was aimed at pump-priming the economy, an idea the...

  • TULSA, Okla. _ ONE Gas Inc. on Wednesday reported fourth-quarter earnings of $47.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share. ONE Gas expects full-year earnings to be $2.96 to $3.20 per share.

  • DEERFIELD, Ill. _ Essendant Inc. on Wednesday reported a loss of $1.5 million in its fourth quarter. On a per-share basis, the Deerfield, Illinois- based company said it had a loss of 4 cents. Essendant shares have declined 13 percent since the beginning of the year.

  • NEW YORK _ Empire State Realty Trust Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in New York, said it had funds from operations of $74.9 million, or 25 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations...

  • *Asia shares ex- Japan swing lower, Nikkei retreats. SYDNEY, Feb 22- Asian shares slipped on Thursday as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.35 percent in early trade, while E-Mini futures for the...

  • HOUSTON _ Weingarten Realty Investors on Wednesday reported a key measure of profitability in its fourth quarter. The Houston- based real estate investment trust said it had funds from operations of $78.5 million, or 61 cents per share, in the period. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of...

  • SAN DIEGO _ Quidel Corp. on Wednesday reported a loss of $5.1 million in its fourth quarter. Three analysts surveyed by Zacks expected $115 million. Quidel shares have risen nearly 7 percent since the beginning of the year.