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Wires

  • SINGAPORE, Feb 19- Singapore Exchange Ltd said on Monday it will launch successor products to its flagship Indian equity index derivatives before the bourse's licence agreement with the National Stock Exchange of India expires in August 2018. The move comes days after India's three main bourses unexpectedly announced they would stop licensing their...

  • SYDNEY, Feb 19- Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China's multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing's spreading influence, the Australian Financial Review reported on Monday, citing a senior U.S. official.

  • TOKYO, Feb 19- Japan's Nikkei share average rose to a 1-1/ 2- week high on Monday morning as exporters took advantage of a pullback in the yen, while market heavyweights such as Fanuc and Fast Retailing helped boost the benchmark index. The Nikkei advanced 1.3 percent to 21,999.42 in midmorning trade, after rising to its highest level since Feb. 7 at 22,040.05.

  • MELBOURNE, Feb 19- London metals started the week lower on Monday as a resurgent dollar dragged down prices from one-month highs hit the session before and the Lunar New Year holidays reduced liquidity. *COPPER: London Metal Exchange copper had slipped by 0.6 percent to $7,189 a tonne by 0104 GMT, erasing small gains from the previous session when prices hit the...

  • *Spot gold rose 0.2 percent to $1,350.51 an ounce at 0120 GMT. *The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to scale back easy monetary policy. *Hedge funds and money managers cut their net...

  • SINGAPORE, Feb 19- Commodities trader Noble Group Ltd warned it faced a fourth-quarter net loss of up to $1.9 billion, citing challenging operating conditions, and said it was making progress on its restructuring talks for a debt-to-equity swap. Noble expects a total net loss of $1.7 billion to $1.9 billion for the quarter ending December 2017, stemming largely...

  • MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, having recovered more than 40 percent of their losses from late last month to last week's low. Trading is expected to be slower than usual due to market holidays in the United States as well as Greater China and Mumbai. "The stocks' valuation has become cheaper to levels that are on par...

  • West Texas Intermediate crude for March delivery was up 5 cents, or 0.1 percent, at $61.73 a barrel by 2348 GMT, after rising 4.2 percent last week. Surging U.S. production is offsetting efforts by the Organization of the Petroleum Exporting Countries and some other producers including Russia to curb production by 1.8 million barrels per day till the end of 2018..

  • *China's imports of nickel ore: http://tmsnrt.rs/2Bzsmf9. *China's imports of Indonesian NPI: http://tmsnrt.rs/2C2T2pw. Indonesia, however, is waiting in the wings.

  • TOKYO, Feb 19- Japan's exports grew in January for a 14th straight month led by brisk shipments of China- bound hybrid cars and electronics parts, a sign solid global demand for Japanese goods continued to underpin growth in the world's third largest economy. Ministry of Finance data showed on Monday that exports grew 12.2 percent in January from a year earlier,...

  • NEW DELHI/ MUMBAI, Feb 18- The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies. The branch, clad in a stately colonial edifice, is now also at the heart of a fraud case linked to billionaire jeweller Nirav Modi...

  • The educational push in China goes beyond what Lego does in other markets, in part a nod to the country's disciplined focus on learning but also a reflection of how the market is booming in importance as growth in the United States and Europe slows. The focus on learning, in a market notorious for its rigid exam-oriented education system and piles of homework,...

  • TOKYO, Feb 19- The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of currencies. "The slide by the dollar last week was perhaps overdone- for example, the dollar's drop to the mid 105 yen level was too rapid," said Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo.

  • West Texas Intermediate crude for March delivery was up 5 cents, or 0.1 percent, at $61.73 a barrel by 2348 GMT, after rising 4.2 percent last week. Surging U.S. production is offsetting efforts by the Organization of the Petroleum Exporting Countries and some other producers including Russia to curb production by 1.8 million barrels per day till the end of 2018..

  • Politica l and General News 1/ 8 POL/ DIA RY 3/ 8. 19- Feb Netherlands DTC auction 20- Feb Germany Auction of 2- year Treasury notes 20- Feb Spain Auction of 3- and 9- month Treasury bills 20- Feb United States Sale of 2- year notes 21- Feb United States Sale of 2- year floating rate notes 21- Feb United States Sale of 5- year notes 21- Feb Sweden Auction of government...

  • *Chanel, Farfetch to develop digital services for the label. PARIS, Feb 19- French couture house Chanel has taken a minority stake in London- based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label's clients with store assistants. Under the new deal, the label will not sell its...

  • FRANKFURT/ BERLIN, Feb 19- A court will decide on Thursday whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country's roads. Environmental group DUH has sued Stuttgart in Germany's carmaking heartland, and Duesseldorf over levels of particulate matter exceeding...

  • LONDON, Feb 19- Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. "They all came in too early," Tor Svelland, chief investment officer at hedge fund Svelland Capital, said, adding that the market is different this time around as capacity is shrinking.

  • *U.S., Japan, Switzerland and Hong Kong score records. MILAN, Feb 19- Global dividends rose 7.7 percent to an all-time high of $1.25 trillion last year boosted by a buoyant world economy and rising corporate confidence, Janus Henderson said on Monday, predicting another record year ahead. The surge- the strongest since 2014- was driven by increases in every region and...

  • **BRUSSELS- ECB Vice President Vitor Constancio participates in ECOFIN meeting in Brussels, Belgium. NEW YORK Swedish central bank Governor Stefan Ingves talks about economy and monetary policy- 1730 GMT. **LONDON Bank of England Governor Mark Carney, Deputy Governor Ben Broadbent, Chief Economist Andy Haldane and Monetary Policy Committee external member...