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  • HONG KONG, Feb 26- Geely Automobile Holdings Ltd shares jumped as much as 8.8 percent after its chairman Li Shufu said he had built up a near 10 percent stake in Germany's Daimler- a $9 billion bet that he can access the Mercedes-Benz owner's technology. The stock surged as high as to HK $26 in early trade, its highest level since Jan. 24. Li is expected to meet Daimler...

  • TOKYO, Feb 26- Bank of Japan Governor Haruhiko Kuroda said on Monday he had no plan to conduct another comprehensive assessment of the central bank's monetary policy. "Things are proceeding smoothly, so I don't have any plan at this stage to conduct another comprehensive review," Kuroda told parliament, pointing to a steady recovery in the economy.

  • TOKYO, Feb 26- Japan's Nikkei share average rose to near three-week highs on Monday, with a majority of sectors advancing as investor confidence continued to improve after Wall Street shares made steady gains. Of Tokyo's 33 sub-indexes, 31 gained, led by pharmaceuticals and precision machinery. However, market gains were limited by caution ahead of new Federal...

  • SYDNEY, Feb 26- U.S. soybeans rose on Monday to hit a one-year high as expectations that dry weather will limit production in Argentina underpinned gains. *The most active soybean futures on the Chicago Board Of Trade were up 0.6 percent at $10.54 a bushel by 0126 GMT, near the session high of $10.55 a bushel- the highest since February 2017. *The most active wheat...

  • *Spot gold rose 0.1 percent at $1,330.59 an ounce at 0118 GMT. *The Bank of England might need to raise British interest rates somewhat sooner than Deputy Governor Dave Ramsden had expected if wage growth picks up early this year, according to a newspaper interview released on Saturday. *Hedge funds and money managers raised their net long positions in COMEX gold...

  • SINGAPORE, Feb 26- The dollar steadied on Monday, with investors looking to Federal Reserve Governor Jerome Powell's first congressional testimony for hints on the future pace of U.S. monetary tightening. Speculators' net short dollar bets fell in the week to Feb. 20, according to calculations by Reuters and Commodity Futures Trading Commission data released...

  • BARCELONA, Feb 25- The smartphone industry is bound to consolidate as the heavy investments required to remain competitive mean that, in the long-run, only a handful of firms can make money, the consumer chief of China's Huawei Technologies said on Sunday. "In the future, only three to four vendors can survive, maybe only less than four," Yu told reporters following a...

  • BERLIN, Feb 26- Germany's Christian Democrats meet on Monday to approve a coalition deal with the Social Democrats, a move that will take their leader, Angela Merkel, a step closer to a fourth term as chancellor in Europe's biggest economy. The party conference follows Merkel's announcement of her CDU picks for a new, younger cabinet intended to revive the party,...

  • SYDNEY, Feb 26- Asian markets were in a guardedly upbeat mood on Monday, heading into an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve. A modest improvement in risk appetite saw the safe-haven yen lost ground, while MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.3...

  • Federal Reserve Today in Washington. 26- Feb Italy Bills auction 27- Feb Japan Auction of 2- year government bonds 27- Feb Italy Medium-long term auction 27- Feb Belgium Auction of Treasury bills 28- Feb Germany Auction of 10- year Federal bonds 28- Feb Sweden Auction of Treasury bills. 1- Mar Spain Bond auction 1- Mar United Kingdom Auction of 0 3/ 4% Treasury...

  • WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the National Association for Business Economics conference, "Promoting Sustained Growth: Policy Tensions and Risks"- 1300 GMT. WASHINGTON- Federal Reserve Vice Chair for Supervision Randal Quarles speaks on "A View From the...

  • LONDON, Feb 26- Prime Minister Theresa May will cap the energy bills of 11 million British households for as long as five years under a new law introduced to parliament on Monday, aimed at tackling what she describes as "rip-off" energy prices. The new legislation will force the energy regulator Ofgem to cap electricity and gas prices until 2020 when the regulator...

  • WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the National Association for Business Economics conference, "Promoting Sustained Growth: Policy Tensions and Risks"- 1300 GMT. WASHINGTON- Federal Reserve Vice Chair for Supervision Randal Quarles speaks on "A View From the...

  • TOKYO, Feb 26- Oil prices held little changed near two-week highs early on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC- led effort to cut global supplies. West Texas Intermediate crude for April delivery was up 2 cents at $63.57 a barrel by 2340 GMT, after rising 3 percent last week.

  • SAO PAULO, Feb 25- The two largest shareholders in Brazilian food processing company BRF SA called on Sunday for an extraordinary shareholders meeting to replace the firm's entire board of directors, following its worst annual results ever. BRF, the world's largest poultry exporter, reported last Thursday a net loss of 1.1 billion reais in 2017, the company's...

  • SAO PAULO, Feb 25- Petros pension fund said on Sunday it was calling on Brazilian food processing company BRF SA to hold an extraordinary shareholders meeting to dismiss the firm's entire board of directors following its worst annual results ever. BRF, the world's largest poultry exporter, reported last Thursday a net loss of 1.1 billion reais in 2017, the...

  • CAMARILLO, Calif.— The average price of a gallon of regular-grade gasoline dropped about 6 cents nationally over the past two weeks, to $2.59. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that it's the first decline since December. Gas in San Francisco was the highest in the contiguous United States at an average of $3.38 a gallon.

  • *Samsung faces competition, lost ground in India, China in Q4. BARCELONA/ SEOUL, Feb 25- Samsung Electronics Co Ltd unveiled its flagship Galaxy S9 smartphone on Sunday with an emphasis on visual applications for social media, hoping to attract tech savvy young consumers to weather a market slowdown. Samsung launched the S9 at the mobile gadget fair in Barcelona,...

  • They have reached out with Instagram-savvy supermodels like Gigi Hadid, styles that incorporate more elements of street-wear and ever-evolving technology, as highlighted with Dolce& Gabbana's clever use of drones during their womenswear show. Tommy Hilfiger took his international road show to Milan, previewing his latest see-now, buy-now collection...

  • *Jens Spahn, critic of Merkel migrant policy, set for cabinet. BERLIN, Feb 25- German Chancellor Angela Merkel said she would promote her most prominent critic from within her conservative party, 37- year old Jens Spahn, to a coalition cabinet, in a sign she has heeded calls for renewal to revive her grumbling party. She said she had put together a young, dynamic team...