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  • June 18- Canada- based Valeant Pharmaceuticals International said on Monday that U.S. health regulators had declined to approve its lotion to treat plaque psoriasis, citing questions related to certain data. The U.S. Food and Drug Administration's letter to the company did not cite any deficiencies related to clinical safety or efficacy of the treatment,...

  • LONDON, June 18- Copper eased for a third session on Monday on fears trade tensions between the world's two largest economies could escalate and demand from China could cool after last week's lackluster data. "Metals are still being pulled down by the looming trade war between China and the United States," said Commerzbank senior commodity analyst Daniel...

  • June 18- General Electric will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday. GE had announced plans in December to cut as many as 4,500 jobs in Europe- including 1,400 in Switzerland- as it aims to reduce its global footprint by 30 percent.

  • *OPEC likely to loosen supply curbs when it meets on Friday. LONDON, June 18- Oil prices rose on Monday ahead of an OPEC meeting this week that is widely expected to increase global crude supply and as investors assessed the impact of a trade dispute between the United States and China. "Oil prices are reversing this mornings bout of weakness as bottom pickers enter...

  • June 18- Canadian auto parts supplier Magna International Inc said on Monday it would set up two joint ventures with Beijing Electric Vehicle Co to build electric cars in China. The JVs are expected to take over an existing manufacturing facility in Zhenjiang, Jiangsu, owned by the BAIC Group, the parent of Beijing Electric Vehicle Co.. The first production...

  • June 18- Rent-A-Center Inc will be acquired by an affiliate of buyout firm Vintage Capital Management for $1.37 billion in cash, the U.S. furniture retailer said on Monday.

  • The U.S. Food and Drug Administration's letter to the company did not cite any deficiencies related to clinical safety or efficacy, but noted questions regarding pharmacokinetic data, Valeant said.

  • FRANKFURT, June 18- Volkswagen's premium brand Audi will appoint an interim chief executive after current boss Rupert Stadler was arrested earlier on Monday, Germany's Frankfurter Allgemeine Zeitung reported, without citing sources. The appointment will be made at a supervisory board meeting convened at short notice on Monday, the paper said.

  • June 18- BOK Financial Corp said on Monday it would buy smaller peer CoBiz Financial Inc in a cash-and-stock deal valued at about $1 billion to expand in Arizona and Colorado. Both Tulsa, Oklahoma- headquartered BOK and Denver- based CoBiz provide a range of banking services such as commercial banking, real estate, private banking and treasury management.

  • LONDON, June 18- The euro stabilized on Monday after last week's big losses but the threat of an escalating global trade war, a dispute in Germany's governing coalition and a more dovish-than-expected ECB all weighed on the single currency. After suffering its biggest drop in a month after the European Central Bank said it would keep rock-bottom interest rates...

  • *OPEC likely to loosen supply curbs when it meets on Friday. LONDON, June 18- Oil prices steadied on Monday ahead of an OPEC meeting that is widely expected to increase global crude supply and as investors assessed the impact of a trade dispute between the United States and China. "Oil prices are reversing this mornings bout of weakness as bottom pickers enter the...

  • *STOXX 600 down 1 pct, Germany's DAX down 1.4 pct. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute. China said it would retaliate immediately by slapping duties on American export products, including crude oil, and suspend all previous trade agreements with Trump's...

  • LONDON, June 18- The euro is weakening, the U.S. yield curve is flattening, volatility is falling and last week, hedge funds were on the right side of all three moves. The latest Commodity Futures Trading Commission figures show that speculators and hedge funds were on the right side of these trades in the week ending June 12, moves that extended further over the...

  • *Rupert Stadler arrested as part of diesel emissions probe. Munich prosecutors, who earlier this month widened their probe into Audi, said Rupert Stadler was being held due to fears he might hinder their investigation into the scandal, plunging Volkswagen into a leadership crisis. The United States filed criminal charges against former VW CEO Martin...

  • June 18- U.S. stock index futures fell on Monday as tit-for-tat tariffs between the United States and China heightened fears that an escalating trade dispute could weigh on global markets. President Donald Trump announced tariffs on Friday on $50 billion of Chinese imports, with China retaliating immediately by slapping duties on American exports,...

  • June 18- BJ's Wholesale Club Holdings Inc expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion. It owns 215 warehouse clubs, mainly on the U.S. east coast, and competes with Costco Wholesale Corp and Walmart Inc's Sam's Club. The company will list on the New...

  • *Utility produces 90 pct of South Africa's electricity. JOHANNESBURG, June 18- South Africa's National Union of Mineworkers is open to an inflation-linked pay rise for its members at struggling state power firm Eskom instead of its initial demand for a 15 percent increase, a source at the union told Reuters. South Africa's consumer inflation was running at 4.5...

  • PARIS, June 18- Airbus is considering bumping up the range of the most powerful version of its A321 passenger jet in the latest effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing, industry sources said. A new version being studied, dubbed A321XLR, involves a further revamp of the A321LR aircraft which recently claimed a...

  • The company has historically reported its income in lower tax jurisdictions, which is possible in part because AbbVie parks the majority of the patents for its top-selling drug in Bermuda- a country that has a zero tax rate on corporate profits, according to a Reuters analysis of 88 Humira patents. Despite recording over half its $28.2 billion in 2017 sales in...

  • LONDON, June 18- Investors continued to reduce their overall bullish position in petroleum, but profit-taking concentrated on fuels while signs of stabilisation emerged in crude. Hedge funds and other money managers cut their combined net long position in the six most important petroleum futures and options contracts by 18 million barrels in the week to...