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  • MOSCOW, Feb 20- Russia's central bank is meeting Vostochny Bank minority shareholders following the detention on fraud charges last week of its majority U.S. investor, a banking source and a senior Russian official told Reuters on Wednesday. Russia's 35th biggest lender by assets, which is majority owned by private equity fund Baring Vostok Capital Partners,...

  • LONDON, Feb 20- A surprise delay in Nigeria's presidential ballot has served foreign asset managers another reminder of political risk and volatile investment returns in Africa's biggest economy- just days after piling into assets in a bet on a smooth election run. The electoral commission announced a week's delay to voting in the early hours of Saturday,...

  • LONDON, Feb 20- Britain's competition regulator said on Wednesday Sainsbury's planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale of a significant number of stores, or even one of the brands. In a major blow to the companies' plans to create Britain's biggest supermarket group, the Competition and Markets Authority...

  • FRANKFURT, Feb 20- Germany's MTU Aero Engines said on Wednesday it beat targets last year with record sales and net profit of 479 million euros, up 18 percent on 2017.. Sales rose by 17 percent to 4.57 billion euros and adjusted operating profit also increased 17 percent to 671 million euros. The aircraft engine maker's proposed dividend of 2.85 euros per share for...

  • SINGAPORE, Feb 20- Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington's sanctions on Iran and Venezuela. OPEC- member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in...

  • TOKYO, Feb 20- Commonwealth LNG has received commitments from European buyers to take almost half of the liquefied natural gas from its planned 8.4- million-tonnes-per-year export terminal in Louisiana, Chief Executive Officer Paul Varello said on Wednesday. The Commonwealth project is one of more than 10 LNG export terminals under development or...

  • *Shanghai shares add 0.2 pct, blue chips up 0.4 pct. HONG KONG, Feb 20- Shares in China edged higher on Wednesday as the United States and China pressed ahead with their crunch talks on trade. U.S. tariffs on $200 billion in imports from China are set to rise to 25 percent from 10 percent if no deal is reached by March 1.

  • CAIRO, Feb 20- Egypt has issued $4 billion in dollar denominated bonds with maturities of five, 10 and 30 years in a sale that was five times oversubscribed, the Finance Ministry said on Wednesday. Most bids were for longer maturity 10- and 30- year bonds, Kouchouk told Reuters, adding that he considered the yield on the bonds "very good" for Egypt, in line or lower than...

  • *Scor raises dividend to 1.75 euros vs 1.65 euros. For the fourth quarter alone, Scor had a 20 million euro net loss after hurricanes in the United States, typhoons in Japan and wildfires in California hit its business. Scor also proposed a dividend of 1.75 euros per share up from 1.65 euros per share in the previous year.

  • NEW DELHI, Feb 20- India's demand for electricity is expected to double in the next two decades, and coal has been long forecast to be the fuel of choice for power generation. It's not that India doesn't have plentiful reserves of coal. It's not even that India's reserves are expensive to mine.

  • LONDON, Feb 20- Britain's competition regulator said Sainsbury's $9.5 billion takeover of Walmart-owned Asda should either be blocked entirely or require the sale of a significant number of stores, or even one of the brands. The Competition and Markets Authority said on Wednesday its current view was "that it is likely to be difficult for the companies to...

  • MOSCOW, Feb 20- Russia's central bank is on Wednesday meeting minority shareholders in Vostochny Bank, whose majority shareholder, a U.S. investor, was detained last week on fraud charges, a banking source and a senior Russian official told Reuters. Vostochny Bank declined to comment when contacted by Reuters, and the central bank said it would not comment, citing...

  • BEIJING, Feb 20- London copper prices rose for a sixth consecutive session on Wednesday, striking a fresh two-month high on hopes of a trade deal between China and the United States. President Donald Trump said on Tuesday talks with China, currently taking place in Washington, were going well and suggested he was open to pushing off the deadline to complete...

  • CAIRO, Feb 20- Egypt has issued $4 billion in foreign currency bonds and the sale was oversubscribed fivefold, attracting $21.5 billion in bids, the Finance Ministry said on Wednesday.

  • *Investors expect U.S., China to reach trade deal next month. MSCI's broadest index of Asia-Pacific shares outside Japan rose as much as 1.1 percent to mark its highest levels since Oct. 2. Financial spread-betters expected a flat opening in Europe, with London's FTSE seen 2 points lower at 7,177, Frankfurt's DAX 1 point lower at 11,308 and Paris CAC up 1 point at...

  • TOKYO, Feb 20- Japan's Nikkei closed at another nine-week high on Wednesday, as hopes for U.S.- China trade talks helped lift cyclical stocks such as autos and index-heavyweights including SoftBank Group. The gain came despite Japan's exports suffering their biggest drop in more than two years in January, as China shipments tumbled and orders for machinery...

  • PARIS, Feb 20- French reinsurer Scor, which was the target of a thwarted acquisition by rival Covea last year, said on Wednesday that its net profit in 2018 soared despite frequent and severe natural disasters in the second half of the year. The company's net profit rose 13 percent in 2018 to 322 million euros, while gross written premiums rose 3.2 percent to 15.26...

  • BERLIN, Feb 20- German healthcare group Fresenius said sales growth would slow and profit stagnate this year as investments to fix the performance at its German hospitals business and build up home dialysis take a toll. Fresenius, which makes generic infusion drugs and operates hospitals and dialysis clinics, expects sales to rise between 3 and 6 percent this...

  • BEIJING, Feb 19- China will deepen reforms of its agriculture sector to promote its rural economy, the government said in its first policy statement of 2019, as it seeks to bolster growth and offset trade challenges. Beijing's statement, released late on Tuesday, comes after the world's second-largest economy saw its weakest growth in 28 years in 2018 and...

  • SINGAPORE, Feb 20- Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington's sanctions on Iran and Venezuela. OPEC- member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in...