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  • AMSTERDAM, Jan 22- TomTom will remain independent and grow its core digital maps business, its CEO said on Tuesday after the company agreed to sell its fleet management business to Japan's Bridgestone for 910 million euros. Amsterdam- based TomTom faces a turning point after Google broke into the market to supply maps to carmakers last year, striking deals with...

  • Jan 22- Johnson& Johnson reported better-than-expected fourth-quarter revenue on Tuesday, helped by strong demand for its drugs to treat cancer and psoriasis. Overall sales rose to $20.39 billion from $20.20 billion, above the average Wall Street estimate of $20.20 billion, according to IBES data from Refinitiv. The company posted net profit of $3.04 billion,...

  • Jan 22- Oilfield services provider Halliburton Co reported a quarterly profit on Tuesday, compared with a loss for the same period a year ago when it set aside $1.05 billion for income tax payments related to a change in U.S. taxes. The company said net income attributable to the company was $664 million, or 76 cents per share, for the fourth quarter ended Dec. 31,...

  • *Berlin expects Brussels to accept refunds on surcharges. BERLIN, Jan 22- Germany will protect its manufacturing industry from the impact of abandoning cheap coal-fired power, which Berlin is looking to ditch for environmental reasons, its economy minister said. Germany's manufacturing industry is crucial to Europe's economic powerhouse and holds...

  • Jan 22- World leaders and top CEOs meet at Davos in Switzerland this week to discuss how to steer policy amid worries of slowing economic growth, damaging trade wars and Brexit. >Brazil's Bolsonaro lands in Davos to boost investor confidence. >Merkel to attend Davos and discuss Europe, Africa, AI.

  • *Euro zone bond yields dip, Spain outperforms. *Strong demand for Spain's new 10- year bond. LONDON, Jan 22- Spain's bond market outperformed most of its euro zone peers on Tuesday after a new 10- year bond, sold via a syndicate of banks, attracted record demand.

  • *Shares fall as concerns over China slowdown hit markets. PARIS, Jan 22- French spirits group Remy Cointreau posted stronger-than-expected third quarter sales and struck a confident note over its prospects in China, even as increasing signs of a slowdown in that country have started to hit global markets. Nevertheless, Remy shares fell 1.7 percent by...

  • PARIS, Jan 22- U.S. singer Chris Brown was arrested in Paris on Monday morning with two other people on suspicion of rape, a French police source said on Tuesday.

  • SMALLER EU STATES PUSH TO BLOCK PLAN TO STRENGTHEN BLOC'S FINANCIAL SUPERVISORS AHEAD OF BREXIT.

  • NEW YORK, Jan 22- The future of Sears Holdings Corp and tens of thousands of its employees across the United States hung in the balance in the freezing predawn hours last Wednesday, as Wall Street lawyers and bankers sparred over the fate of the beleaguered retailer in a 50- story Manhattan office tower. Working the phone from Miami, where he has an office and a...

  • NEW YORK, Jan 22- Baby boomer art collectors have a problem: Their heirs may not know the difference a $100 print from a garage sale and a $1 million paradigm of Abstract Expressionism. When investment bank UBS recently surveyed high net worth art collectors with more than $5 million in investable assets, their No. 1 concern was what happens when they pass on their...

  • LONDON, Jan 22- British workers saw their pay grow at the fastest pace in over 10 years and employment jumped much more than expected in the three months to the end of November, contrasting with other signs of an economic slowdown ahead of Brexit. With little time left until Britain is due to leave the EU on March 29, there is no agreement in London on how it should exit...

  • ISTANBUL, Jan 22- The European Bank for Reconstruction and Development plans to invest around 1 billion euros in Turkey this year focusing on agriculture and exporting sectors, a senior EBRD official said, according to the Anadolu news agency. "We aim to make an investment worth around 1 billion euros in Turkey in 2019, the same amount we have invested last year,"...

  • BEIJING, Jan 22- Weakness in the service and farm sectors slowed China's economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday. Services grew 7.4 percent from a year earlier, slowing from 7.9 percent in the third quarter, while growth in agriculture slowed to 3.5 percent from 3.6 percent, the...

  • WARSAW, Jan 22- Daimler-owned Mercedes-Benz Cars will start producing electric batteries in Jawor, Poland, the Polish Prime Minister Mateusz Morawiecki said on Tuesday, as the company looks to ramp up its investments into electric batteries in the coming decade. Mercedes-Benz Cars board member Markus Schafer told the conference that the new investment...

  • *FTSE 100 down 0.6 pct; FTSE 250 up 0.2 pct. Jan 22- Britain's FTSE 100 was lower in a broad sell-off across Asian and European markets on Tuesday as renewed worries about global economic slowdown hurt heavyweight energy, mining and banking stocks while easyJet surged following its results. The exporter-heavy FTSE 100 was down 0.6 percent at 1008 GMT.

  • JOHANNESBURG, Jan 22- The South African government is not considering any proposal from Saudi Arabia on taking a stake in struggling state arms company Denel, Public Enterprises Minister Pravin Gordhan said, after the Gulf country offered to partner with Denel last year. "There is no proposal from the country in question under consideration," Gordhan said,...

  • PARIS, Jan 22- Carmaker Renault has called for a board meeting on Jan. 24 to discuss the succession plans regarding Carlos Ghosn, sources told Reuters on Tuesday, with Ghosn in custody in Japan over alleged financial crimes which he denies. The Renault nominations committee has tentatively backed Michelin boss Jean-Dominique Senard to become Renault chairman,...

  • *Tesla's current exclusive supplier is Japan's Panasonic. BEIJING, Jan 22- U.S. electric vehicle maker Tesla Inc has held talks with China's Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement. Tesla said it received quotes from Tianjin Lishen to supply...

  • LONDON, Jan 22- Sterling rose on Tuesday after strong employment data suggested Britain's labour market remained robust despite an economic slowdown ahead of Brexit. Investors are focused on how PM Theresa May will negotiate with the EU over the next few days, "said Tyler Griffin, a currency specialist at OFX. Sterling firmed on Monday after British Prime...