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  • SYDNEY, Feb 22- China's rising power and a resurgent trans-Pacific trade pact will be at the top of the agenda when Australian Prime Minister Malcolm Turnbull and U.S. Washington will honor the deal to take up to 1,250 asylum-seekers held in Australian detention centers on remote Pacific islands, so Trump and Turnbull will now seek to find common ground on China...

  • QUERETARO, Mexico, Feb 21- French aero engine maker Safran expects to be producing 20,000 composite fan blades for the LEAP jet engine by 2021 at its new plant in central Mexico's Queretaro state, the company's chief executive Philippe Petitcolin said on Wednesday. In Mexico, there are orders for LEAP engines for 60 Aeromexico 737 aircraft and 35 A320neo...

  • SYDNEY, Feb 22- Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.8 percent, while E-Mini futures for the S&P 500 lost 0.5 percent. Japan's Nikkei shed 1.2 percent, with office equipment maker...

  • SYDNEY, Feb 22- U.S. soybean futures edged lower on Thursday, but the oilseed was holding just off a seven-month high as dry weather in Argentina is expected to slash production from the world's No. 3 exporter. *The most active soybean futures on the Chicago Board Of Trade eased 0.3 percent to $10.30-3/ 4 a bushel by 0230 GMT, having firmed 0.8 percent on Wednesday.

  • TOKYO, Feb 22- Japan's Nikkei share average fell to a near 1- week low on Thursday morning on across-the-board selling after U.S. shares dropped overnight, while office equipment maker Ricoh stumbled after a media report said it was considering an impairment charge. Ricoh Co tumbled more than 5 percent shortly after the market opened, following the report which...

  • Treasury's top diplomat ramped up his criticisms of China's economic policies on Wednesday, accusing Beijing of "patently non-market behavior" and saying that the United States needed stronger responses to counter it. David Malpass, Treasury undersecretary for international affairs, said at a forum in Washington that China should no longer be "...

  • Feb 21- The "best hope" for the impact of the Trump administration's $1.5 trillion tax overhaul on the U.S. economy is that it boosts investment and thus productivity, Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday. But whether it will do so and deliver faster economic growth in the process is unclear, he said at a dinner hosted by...

  • WASHINGTON— A major liberal policy group is raising the ante on the health care debate with a new plan that builds on Medicare to guarantee coverage for all. Called "Medicare Extra for All," the proposal to be released Thursday by the Center for American Progress gives politically energized Democrats more options to achieve a long-sought goal.

  • 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.