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  • PARIS, Feb 22- Societe Generale has not yet taken a decision about any layoffs at its corporate and investment bank as it looks for 500 million euros in cost savings, a source at the bank said on Friday. The French bank said this month it planned to restructure its investment bank to save costs. It has said it would focus on activities such as equity derivatives and...

  • KINSHASA, Feb 22- About 20 people died on Wednesday when a truck carrying acid to Glencore's Mutanda Mine in Democratic Republic of Congo collided with two other vehicles, Glencore said on Friday. The accident occurred in the evening about 50 kilometers from the copper and cobalt mine in the southeast of the country. The truck was owned by a logistics company...

  • WASHINGTON, Feb 22- The European Union has drafted a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. Trump, who is known to have a strong protectionist bent on trade, has said the United States will impose tariffs on European car imports if it is unable to reach a trade deal with the European Union.

  • LONDON, Feb 22- Sterling bobbed around the $1.30 mark on Friday but was set to snap a three-week losing streak as investors waited to see if last-minute talks between the United Kingdom and the European Union can yield tweaks to the Brexit withdrawal agreement. "Without a breakthrough in Brexit talks it will be difficult for sterling to go through these levels,"...

  • OSLO, Feb 22- Finland's nuclear regulator has identified a safety issue at Olkiluoto 3, a 1.6- gigawatt reactor built by France's Orano, and the problem needs to be fixed before the unit can receive a permit to operate, the regulator told Reuters. The safety assessment by STUK, Finland's radiation and nuclear safety authority, is a key report that will influence...

  • *Trump, Chinese vice premier to meet in Washington. Feb 22- U.S. stocks rose on Friday on signs of progress in the ongoing trade talks between the United States and China, but a plunge in shares of Kraft Heinz hit the consumer staples sector. Top trade negotiators from the two countries haggled over the details of a set of agreements aimed at ending their trade war, just...

  • The company's shares tumbled about 37 percent to a record low of $8.50 in morning trade. We have a clear path to stabilization and growth but... our patience is not unlimited, "said Chief Executive Officer Brian Griffin, a former CEO of Anthem Inc's PBM unit who joined Diplomat in May last year. "Diplomat is clearly facing pressures on a number of fronts, and we, therefore,...

  • *Q1 EPS C $2.19, in line with market forecasts. *Net income up 2 percent to C $3.17 billion. Canada's biggest lender by market value said earnings per share grew by 7 percent in the quarter to Jan. 31 to C $2.15.

  • WASHINGTON, Feb 22- The U.S. Department of Agriculture has paid out $7.7 billion so far to help farmers who were hurt by retaliatory tariffs imposed by China, a senior agency official said on Friday. Speaking at the USDA annual forum, William Northey, undersecretary for farm production and conservation, said " $7.7 billion has gone into farmers' bank accounts now."

  • *Zimbabwe economy choked by cash shortages. HARARE, Feb 22- Zimbabwe underwent a de facto devaluation on Friday as its central bank began trading a sharply discounted replacement currency, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty. Effectively reintroducing a national currency, the Reserve Bank of...

  • UNITE UNION WORKERS VOTE FOR INDUSTRIAL ACTION AT SOME NORTH SEA OIL AND GAS SITES.

  • Feb 22- Kraft Heinz Co shares fell to their record low on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands. Kraft Heinz, controlled by Brazil's 3 G Capital and Warren Buffett's Berkshire Hathaway...

  • *Chile's peso at best levels since August 2018. Feb 22- Brazil stocks rose on Friday as signs of progress in the ongoing trade talks between the United States and China overshadowed global growth fears, boosting appetite for equities globally. "The movement today is purely externally driven, there is no local optimism and we have not seen any news or progress with...

  • EASES CURBS ON EXPORTS TO CHINA "read a Reuters headline on March 1, 1989, when Washington lifted long-standing restrictions on technology shipments to China. Next Friday not only marks the 30th anniversary of the decision, but it is also the deadline set by President Donald Trump for a deal to end the seven-month trade war between the United States and China, now...

  • Feb 22- Canada's main stock index opened higher on Friday as energy shares got a boost from crude prices, which rose on hopes that the United States and China could resolve their ongoing trade dispute.

  • WASHINGTON, Feb 22- The European Union is drafting a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. Trump, who is known to have a strong protectionist bent on trade, has said the United States would impose tariffs on European car imports if it is unable to reach a trade deal with the European Union.

  • Feb 22- U.S. stocks opened slightly higher on Friday on hopes of a trade deal between the United States and China, but a 26 percent plunge in Kraft Heinz Co hit the consumer staples sector. The Dow Jones Industrial Average rose 55.64 points, or 0.22 percent, at the open to 25,906.27. The S&P 500 opened higher by 5.79 points, or 0.21 percent, at 2,780.67.

  • TORONTO, Feb 22- The Canadian dollar strengthened against its U.S. counterpart on Friday, rebounding from an earlier three-day low as stocks and oil prices rose and domestic data showed a drop in retail sales that was less than the market expected. "The slight increase in volumes will see monthly GDP tracking forecasts around the 0.0 percent mark for December,...

  • RIO DE JANEIRO, Feb 22- Brazilian prosecutors are seeking the arrest of a Vale SA senior executive, authorities said on Friday, following the collapse of a dam holding mining byproducts that is believed to have killed over 300 people. The executive, Director of Ferrous Metals Peter Poppinga, has not been arrested after a judge declined to issue a warrant.

  • LONDON, Feb 22- Italian government bond yields rose on Friday, reflecting caution among investors before a Fitch ratings review. Analysts said that while it was premature to expect a downgrade of Italy's credit rating on Friday, a deteriorating economic outlook had raised concerns about the ratings outlook. "There's enough goodwill following the budget...