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Wires

  • PARIS— The Catholic church is going digital in Paris. Trying to adapt "to new technologies to anticipate the gradual disappearance of cash money," the Paris diocese says it will introduce a system allowing contactless card payments during Sunday's mass at Saint Francois de Molitor, a church located in an upscale and conservative Paris neighborhood.

  • LONDON, Jan 18- Sterling steadied against the dollar on Thursday, consolidating some of the recent gains that have propelled the pound to its highest levels since Britain voted to exit the European Union. Sterling has in recent sessions been supported by a sell-off in the dollar and more positive noises from Europe over negotiations with Britain over the terms...

  • *TSMC expects 2018 revenue to climb 10-15 percent. TAIPEI, Jan 18- Taiwan Semiconductor Manufacturing Co Ltd expects a boom in the cryptocurrency market to drive up demand for high-end chips and help it post a record revenue this year, outweighing softening sales to smartphone vendors. "The urge to mine cryptocurrency is very strong, and the incentive of course...

  • *London's FTSE down 0.1 pct. LONDON, Jan 18- European shares notched up modest gains on Thursday, failing to match a rally that lifted Wall Street and Asia to new records. The pan-European STOXX 600 was up 0.2 percent by 0911 GMT but the UK's FTSE was down almost 0.3 percent.

  • *GKN says Melrose 32 pct bid premium is "fake". Jan 18- British engineering group GKN dismissed Melrose's 7.4 billion pound hostile bid as "misleading" on Thursday, and denied it was rushing into a break-up. GKN rejected turnaround specialist Melrose's bid on Wednesday, saying that the terms of the paper-and-cash offer were "effectively unchanged" from a first...

  • ATLANTA— Business leaders camped out in freezing temperatures in Atlanta to help urge revitalization in the city's west side. WSB-TV reports that 30 CEOs were part of the campout Wednesday night at a Chick-fil-A that is under construction in southwest Atlanta. Among them was Chick-fil-A CEO Dan Cathy, who said they want to bring attention to the fact that this...

  • *India wants to raise health spending to 2.5 pct of GDP by 2025. *Poor tax collections weigh on India health budget. NEW DELHI, Jan 18- India is poised to raise its public health spending by 11 percent in the annual budget next month, after rejecting the health minister's demand for a much bigger increase to ramp up disease control, according to government sources and...

  • INDIAN HEALTH MINISTER HAD SOUGHT $10 BLN BUDGET FOR STEPPING UP DISEASE CONTROL- LETTER.

  • INDIA PLANS TO RAISE 2018-19 FEDERAL HEALTH BUDGET BY 11 PCT TO $8.2 BILLION- GOVT SOURCES.

  • The offer, of 1.49 new Melrose shares and 81 pence in cash for each GKN share, was worth 430.1 pence based on Melrose's closing price on Jan. 16. Melrose's shares have risen since Jan. 5, the day before it approached GKN's board, increasing the value of its bid. GKN's shares also jumped after it made public its rejection of Melrose's approach on Jan. 12, but Melrose...

  • LONDON, Jan 18- The dollar rose from a three-year low hit earlier in the day as a rise in U.S. "We are seeing somewhat of a bid in the dollar in the last 12 hours or so on corporate tax repatriation hopes and the rise in U.S. yields but it is likely to be short-lived unless we see inflation pick up meaningfully," said Manuel Oliveri, an FX strategist at Credit Agricole in...

  • BEIJING, Jan 18- China's natural gas output rose in December to the highest monthly rate since at least 2014 as state energy firms rushed to fill a supply gap sparked by surging winter demand from a drive to switch millions of households to gas from coal for heating. Companies produced 13.6 billion cubic metres of gas in December, up from 12.6 bcm in November,...

  • ZURICH, Jan 18- Nestle will launch a ruby chocolate version of its KitKat brand in Japan and South Korea this month, becoming the first consumer brand to market the new chocolate variety developed by Barry Callebaut. The move in Japan, one of KitKat's most important markets, is part of a wider effort by the world's largest packaged food company to push its...

  • *China Q4 GDP growth +6.8 pct, beats forecasts. BEIJING, Jan 18- China's economy grew faster than expected in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth. "China's growth is very healthy," said Iris Pang, Greater China Economist, ING, Hong Kong.

  • *France and Spain to hold auctions. LONDON, Jan 18- Borrowing costs in the euro area headed back towards recent multi-year highs on Thursday, as a sell-off in U.S treasuries and new supply from France, Spain, and Austria put markets on the back foot once again. France plans to sell up to 7.5 billion euros of short-dated bonds, and Spain up to 4.5 billion euros of short and...

  • LONDON, Jan 18- European shares notched up modest gains on Thursday, falling short of a rally that lifted Wall Street and Asia to new records. The pan-European STOXX 600 rose 0.1 percent by 0824 GMT but the UK's FTSE and Italy's FTSE MIB retreated 0.1 percent. Switzerland's Geberit posted the best performance among European stocks, with a 4.8 percent rise after...

  • The China Enterprises index HSCE, which tracks major Chinese firm listed in Hong Kong, extended gains after data showed China's Q4 economic growth beats expectations. **China's economy grew 6.8 percent in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth.

  • *Dec new home prices +0.4 pct m/m vs +0.3 pct in Nov. BEIJING, Jan 18- China's housing market picked up slightly in December as mild declines in bigger metropolises stabilised and smaller cities gained some momentum, but price growth more than halved in 2017 as government curbs on speculation took effect. Average new home prices in China's 70 major cities rose 0.4...

  • And nearly four months into post-war Germany's longest political impasse, she's likely to emerge on top again for the time being— whatever happens. "The end of Angela Merkel's time in office has begun," Kevin Kuehnert, the head of the Social Democrats' youth wing and a prominent opponent of a coalition, said recently. "Germany won't be able to thrive in the future with...

  • BEIJING, Jan 18- Final consumption accounted for 58.8 percent of China's economic growth in 2017, while capital formation accounted for 32.1 percent of growth, the National Bureau of Statistics said on Thursday. Net exports contributed about 9 percent of growth last year, the statistics bureau said. Those numbers compare to shares of 64.6 percent for...