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  • LONDON, Jan 22- British ferry and shipping freight operator P&O will re-flag its entire UK registered fleet to Cyprus ahead of Britains departure from the European Union to keep tax arrangements in the bloc, the company said on Tuesday. Last month P&O said it was re-flagging two of its UK ships operating on the English Channel route to France to the Cyprus...

  • TOTALAN, Spain, Jan 22- Efforts to reach a two-year-old boy who fell into a borehole in southern Spain on Jan. 13 hit a major snag on Tuesday when engineers said they would have to widen a parallel shaft before they could dig a horizontal passage to reach the toddler. Miners had been drilling day and night to create the shaft 60 metres deep, which they finished on Monday...

  • Arconic's statement comes a week after media reports that private-equity firm Apollo Global Management LLC was near a deal to buy the company for more than $10 billion.

  • Jan 22- EBay Inc shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses to double its market value in the next two years. Elliott, which owns a more than 4 percent stake in eBay, said the company could be valued at about $55- $63 per share in 2020.. The company's shares were up 10.5 percent at...

  • The U.S.- China trade war has slashed exports of U.S. crops to China, further depressing prices. Gregory Heckman, a founding partner of private investment firm Flatwater Partners, was appointed to the board as part of a deal to ease shareholder pressure on management late last year. Bunge said on Tuesday adjusted earnings before interest and taxation in its...

  • LONDON, Jan 22- British workers' pay grew 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 the...

  • LONDON, Jan 22- British workers' pay grew 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 the...

  • ABUJA, Jan 22- Nigeria is to send a bill recommending a national minimum monthly wage of 27,000 naira to lawmakers in the national assembly, labor minister Chris Ngige said on Tuesday. Disagreements over the minimum wage saw labor unions striking across Nigeria in September. Labour unions want the minimum wage to be raised from 18,000 naira and the cost of living...

  • ABUJA, Jan 22- Nigeria is to send a bill recommending a national minimum monthly wage of 27,000 naira to lawmakers in the national assembly, labour minister Chris Ngige said on Tuesday. Disagreements over the minimum wage saw labour unions striking across Nigeria in September. Labour unions want the minimum wage to be raised from 18,000 naira and the cost of...

  • Jan 22- U.S. stock index futures fell on Tuesday, as investors were hit by fears of global economic slowdown after the International Monetary Fund trimmed its growth forecasts in a week of heavy corporate earnings. The downgrades reflected weakness in Europe and were on the same day China released data that confirmed its slowest growth rate in 28 years, adding to...

  • Jan 22- Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America. Clients in North America, Halliburton's biggest market by revenue, began pulling back on some drilling services last year amid transportation bottlenecks in the largest...

  • BRUSSELS, Jan 22- Smaller European Union states led by Luxembourg on Tuesday pushed to block a plan to strengthen EU financial regulators' grip over money managers ahead of Brexit. At a meeting of EU finance ministers, large EU states including France, Germany, Italy and Spain insisted on agreeing the reform before European elections in May.

  • Jan 22- Agri trader Bunge Ltd cut its forecast for full-year pre-tax earnings on Tuesday, citing a fall in the value of its Brazilian crops. Bunge said adjusted earnings before interest and taxation in its agribusiness segment would be about $90 million to $100 million below the low end of previous expectations and in the sugar and bioenergy segment by about $60-...

  • LONDON, Jan 22- The euro struggled near a three-week low on Tuesday as weak data and a cut in European growth forecast by the International Monetary Fund prompted investors to turn bearish on the single currency. "The outlook for the euro has become a bit more cautious and that is reflected in the positioning data," said Kamal Sharma, director of G10 FX strategy at...

  • DAVOS, Switzerland, Jan 22- China's Huawei Technologies will call for a quick resolution of the case regarding its detained executive in Canada who is accused of violating U.S. sanctions on Iran, the company's chairman, Liang Hua, said on Tuesday. Liang, who was appointed acting chief financial officer of Huawei in December following the arrest of the company's...

  • Jan 22- Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. U.S. property and casualty insurers have been grappling with catastrophe losses arising from the California wildfires and Hurricane Michael in...

  • KAMPALA, Jan 22- Uganda has deported a French and a Rwandan executive from telecoms group MTN, accusing them of planning to compromise national security, police said on Tuesday. MTN Uganda, the local business of South African telecoms firm, said its Chief Marketing Officer, Olivier Prentout, was detained at Entebbe airport on Saturday after returning from a...

  • *China's 2018 GDP expansion weakest since 1990. *South Korea's economic growth slows to six-year low. LONDON, Jan 22- Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand.

  • COPENHAGEN, Jan 22- Danish financial firms risk problems getting financing and risk capital abroad if there is a repeat of the Danske Bank money laundering scandal, the country's financial regulator said, as lawmakers sought to toughen liability rules for managers. Denmark's reputation for being "one of the least corrupt countries in the world" has suffered "...

  • LONDON, Jan 22- Aluminium prices rose on Tuesday while zinc matched last week's one-month high as investors brushed off a strong dollar and weaker economic growth in China to focus on that country's slowing production of the two metals. Trading volumes were thin ahead of the Lunar New Year holiday, which will see China shut down for a week. *CHINA ALUMINIUM: "The...