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  • BOGOTA, Feb 21- Colombia hopes to increase its oil reserves by 1 billion barrels by auctioning 20 possible production areas as part of its push to bolster the oil sector, the government said on Thursday. Colombia last had an auction in 2014. Colombia has proven reserves of 1.7 billion barrels, equivalent to 5.7 years of consumption, with average production of...

  • *Soybeans, corn higher on optimism over U.S.- China talks. CHICAGO, Feb 21- Chicago wheat futures rebounded on Thursday after a four-day slide, while the grains market overall steadied as U.S. and China trade negotiators sketched an outline for what could be a deal to end the trade war. "The key driver for today is what is happening with the U.S.- China talks," said Don...

  • DETROIT, Feb 21- Consumer Reports on Thursday pulled a recommendation for Tesla Inc's Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment. Tesla shares fell 3.4 percent to $292.19 in afternoon trading Thursday on the Nasdaq.

  • Feb 21- ICE cotton futures on Thursday jumped more than 2 percent to hit their highest level in two-weeks on a report about a potential breakthrough in the U.S.- China trade dispute. * "Prices are up on the news that China as a part of the trade deal has committed to buy $30 billion of U.S. agriculture goods, and there are all sort of hopes that the cotton will be included,"...

  • *U.S., China sketch outlines of deal to end trade war. NEW YORK, Feb 21- Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum. The Commerce Department said new orders for key U.S.-made capital goods unexpectedly fell in December, pointing to a further slowdown in business...

  • Feb 21- Fidelity Investments parent FMR LLC said its 2018 operating profit rose 18.6 percent to $6.3 billion as new products like no-fee index funds helped the Boston mutual fund firm counter falling markets and keep pace with bigger rivals. In a letter accompanying Thursday's report, Fidelity Chairman and CEO Abigail Johnson wrote that investors want a...

  • NEW YORK, Feb 21- The dollar on Thursday recovered from earlier losses spurred by soft U.S. economic data, as investors consolidated positions and looked for fresh trading incentives amid U.S.- China trade negotiations and talks related to Britain's exit from the European Union. "We had weak U.S. data earlier that pushed the dollar lower, but now that move is over,"...

  • *U.S., China sketch outlines of deal to end trade war. Supply cuts led by the Organization of the Petroleum Exporting Countries and its allies, including Russia, and oil sanctions on Venezuela and Iran helped to limit losses. West Texas Intermediate crude oil futures fell 20 cents to settle at $56.96 a barrel after touching a 2019 high of $57.55 the previous day.

  • BERLIN, Feb 21- Germany's lower house of parliament on Thursday approved changes to labour laws making it easier for employers to fire high-income workers, a measure designed to encourage London- based financial institutions to move to Frankfurt after Brexit. The government fears Germany's strict labour laws, which make it difficult for employers to dismiss...

  • CHIEF AGRICULTURAL NEGOTIATOR GREGG DOUD SAYS EU MUST' GET WITH THE PROGRAM' ON BIOTECHNOLOGY IN AGRICULTURE.

  • If the two sides fail to reach an agreement by March 1, U.S. tariffs on $200 billion worth of Chinese imports are set to rise to 25 percent from 10 percent. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He faced each other silently across a table in the Eisenhower Executive Office Building next door to the White House. Treasury Secretary...

  • BUENOS ARIES, Feb 21- Argentina's soy crop is in mostly good condition with recent hot, dry weather helping to stabilize flooded areas, keeping the country on track for a 53- million-tonne harvest, the Buenos Aires Grains Exchange said on Thursday. Since then, Argentina has been hit by a heat wave that has benefited flooded areas while raising concern about...

  • *AS MANY AS 25 MEMBERS OF GOVERNMENT READY TO VOTE FOR BREXIT DELAY UNLESS UK PM MAY RULES OUT "NO DEAL"- THE GUARDIAN Source: http://bit.ly/2SPrcWo.

  • WASHINGTON, Feb 21- The U.S. Commerce Department said on Thursday it had made a final determination that imports of large diameter welded pipe from Canada, Greece, South Korea and Turkey are being dumped in the U.S. market, paving the way for the imposition of tariffs. The department, which said South Korea and Turkey were also subsidizing their exports, said Canada...

  • Feb 21- AT&T Inc pulled all its advertising from Alphabet Inc's YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation of children. "Until Google can protect our brand from offensive content of any kind, we are removing all advertising from YouTube," an AT&T spokesman said in a...

  • MILAN, Feb 21- Italian luxury label Prada added a touch of romance to Milan Fashion Week on Thursday with a winter collection looking at both sides of a love story. Designer Miuccia Prada, considered a fashion trailblazer in the industry, looked at fear and fairy tale in romance, contrasting both in her looks, in her use of materials as well as in the music chosen for...

  • AS MANY AS 25 MEMBERS OF GOVT READY TO VOTE FOR BREXIT DELAY UNLESS UK PM MAY RULES OUT NO DEAL- THE GUARDIAN.

  • ARLINGTON, Va., Feb 21- The U.S. Department of Agriculture is concerned about a potential decline in farmland real estate prices, but has seen no sign of that happening so far, USDA chief economist Robert Johansson said on Thursday. Exports to China have fallen more than 90 percent in the 2018-2019 crop year, according to USDA data, and China has dropped to the fifth...

  • NEW YORK, Feb 21- The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars. Philadelphia, which said it issued more than $1.6 billion of the bonds, said the banks colluded to collect...

  • Feb 21- A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter. Venezuela's National Assembly, led by opposition leader and...