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  • Jan 19- Elliott Management Corp said on Friday NXP Semiconductors NV is worth much more than its previous assessment of $135 per share and Qualcomm Inc's $110 offer to buy the chipmaker. "The current $110 offer is not even in the right zipcode and a credible offer from Qualcomm requires a price in excess of our estimate of NXP's intrinsic standalone fair value of...

  • Jan 19- Reliance Industries Ltd, India's largest listed company by market value, said on Friday that its $30 billion telecom start-up Jio has turned profitable less than a year and a half since its launch. Idea Cellular Ltd and Vodafone India Ltd, two of the top three telecom companies in India, have agreed to merge. Reliance Industries' profit on a standalone basis,...

  • *IDFC Bank profit falls as non-performing loans rise. MUMBAI, Jan 19- Two of India's biggest private-sector lenders- HDFC Bank Ltd and Kotak Mahindra Bank Ltd- each reported a 20 percent rise in third-quarter net profit on Friday due to strong lending growth and as bad loans remained stable. India's banking sector has been burdened by nearly $150 billion of soured...

  • LONDON, Jan 19- Even if oil consumption reaches a peak and then starts to fall, the world will still need large quantities of oil for many decades to come. The prediction is contained in a thoughtful paper co-authored by Spencer Dale, chief economist of BP, and Bassam Fattouh, director of the Oxford Institute for Energy Studies. "Global oil demand is likely to continue...

  • Officials say that former Catalan president Carles Puigdemont, who fled to Brussels to avoid arrest in Spain nearly three months ago, will leave Belgium and travel to Denmark next week to attend a university forum. Puigdemont is being sought in Spain as part of an investigation into rebellion, sedition and embezzlement charges for events last fall that led to a...

  • LONDON, Jan 19- Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. Brent crude futures were at $68.54 a barrel at 1304 GMT, down 77 cents from their last close. The International Energy Agency, in its monthly report, said that global oil...

  • KANSAS CITY, Mo. _ Kansas City Southern on Friday reported fourth-quarter net income of $551.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share. Four analysts surveyed by Zacks expected $660.6 million.

  • LONDON, Jan 19- The dollar labored near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015, as worries about a possible U.S. government shutdown weighed. The bill has yet to be approved by the Senate, where it faces an uncertain future. The prospect of Senate approval has...

  • The remarkably sanguine view from economists in Mexico, Canada and the United States is a sign many experts are taking U.S. "We expect a modernized agreement after a bumpy and lengthy negotiation and approval process," said Carlos Capistran, head of Canada and Mexico economics at Bank of America Merrill Lynch. Canada and Mexico have widely disputed those issues,...

  • LONDON, Jan 19- The unplanned shutdown in December of Britain's biggest oil pipeline, Forties, which shut off supplies for more than two weeks and fired up global oil prices, had an unlikely cause: Scottish granite, its owner Ineos said. "The precise point of the transverse weld of the pipeline was resting on a sharp ridge of granite rock and over time vibration of the...

  • PARIS— French President Emmanuel Macron will be hosting over 100 CEOs of major multinationals at the chateau of Versailles to try to persuade them to invest, and especially hire, in France. His office said Friday that discussions are underway with dozens of companies about setting up or expanding their presence in France, and some will announce investment...

  • DALLAS— Delta Air Lines says for safety reasons it will require owners to provide more information before their animal can fly in the passenger cabin, including an assurance that it's trained to behave itself. Starting March 1, Delta will require owners to show proof of their animal's health or vaccinations at least 48 hours before a flight.

  • NEW YORK, Jan 19- Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in animal-related safety issues over the last several years. Effective March 1, Delta, the second largest U.S. airline by passenger traffic, said it will require...

  • *Sberbank CEO bets on new technology. MOSCOW, Jan 19- Russia's biggest lender Sberbank plans to help small firms raise funds from private investors with a peer-to-business platform, three sources familiar with the plans said, competing with two other ventures that support the cash-starved companies. It also reflects the commitment of Chief Executive German...

  • INTERVIEW- PETROBRAS OWES BRAZIL GOV'T' BILLIONS OF DOLLARS' IN TRANSFER OF RIGHTS DISPUTE, SAYS PLANNING MINISTER OLIVEIRA.

  • BRASILIA, Jan 19- Brazilian state-controlled oil company Petróleo Brasileiro SA owes the government billions of dollars tied to offshore exploration rights but is unlikely to pay this year, a cabinet minister said. In 2010, Brazil exchanged offshore exploration rights for equity in Petrobras. The revenue could help Brazil plug a budget hole and slow down...

  • BRAZIL GOVERNMENT UNLIKELY TO SEE ANY REVENUE FROM DISPUTE IN 2018, SAYS PLANNING MINISTER.

  • BRAZIL PLANNING MINISTER SEES LITTLE RESISTANCE IN CONGRESS TO ELETROBRAS PRIVATIZATION.

  • Jan 19- Regions Financial Corp and SunTrust Banks Inc topped Wall Street expectations for fourth-quarter earnings on Friday, as both U.S. banks benefited from higher interest rates even as lending remained sluggish. While Alabama- based Regions reported a 5.6 percent increase in net interest income in the quarter ended Dec. 31, Atlanta- headquartered...

  • MEMPHIS, Tenn. _ First Horizon National Corp. on Friday reported a fourth-quarter loss of $51.3 million, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Six analysts surveyed by Zacks expected $385.2 million.