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  • LONDON, Feb 22- Copper prices climbed to their highest since July on Friday as inventories tumbled and investors bet on a U.S.- China trade deal. If we get a deal, there wouldn't be much obstacle for copper to return to the low $7, 000 s, "said Gianclaudio Torlizzi, partner at consultancy T-Commodity in Milan. Benchmark copper on the London Metal Exchange has broken the...

  • NEW YORK, Feb 22- Stocks rose in major markets on Friday on bets of progress in trade talks between the United States and China, while crude futures hit their highest in over three months, supported by ongoing supply cuts. President Donald Trump and Chinese Vice Premier Liu He were set to meet at the Oval Office later in the day in a sign negotiations are advancing.

  • NEW YORK, Feb 22- The Federal Reserve will keep an open mind as it begins a broad review this year of its monetary policy framework that could result in changes to how it goes about ensuring that prices remain stable and employment plentiful, Fed vice chair Richard Clarida said on Friday. The Fed will make the results of its review public in the first half of 2020, he...

  • *Trump, Chinese vice premier to meet in Washington. Feb 22- U.S. stocks rose on Friday as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China. "The markets are moving higher and given yesterday was a weak day, there's more room to recover," said Randy Frederick, vice president of trading and derivatives for...

  • OTTAWA, Feb 22- Canadian Prime Minister Justin Trudeau, whose office is under fire for allegedly pressuring his former justice minister to try to ensure a major construction company avoided a corruption trial, on Friday said he had been concerned about possible job losses. "One of the fundamental responsibilities of any government is to look for good jobs, to...

  • Feb 22- Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down on its marquee brands, raising concerns that years of rigorous cost cuts had eroded the value of its Kraft and Oscar Mayer products. Kraft Heinz, majority owned by Brazil's 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, has been...

  • *Negotiators to meet Trump at the White House Friday. *China would need structural reform to meet U.S. demands. WASHINGTON, Feb 22- Top U.S. and Chinese trade negotiators met on Friday to wrap up a week of talks that have seen the two sides struggle to detail how to bridge deep differences on China's role in global commerce.

  • Feb 22- Anadarko Petroleum Corp said one worker was killed and several others injured in two related attacks on Thursday near the construction site for its massive liquefied natural gas project in northern Mozambique. Anadarko said in a statement on Friday it was actively monitoring the situation and in close contact with government authorities.

  • WASHINGTON, Feb 22- The U.S. Chamber of Commerce on Friday said gaps remain in the ongoing trade talks between the United States and China, particularly around structural issues, but urged both sides to make a comprehensive deal as soon as possible.

  • *VW Group 2018 operating profit rises 0.7 pct. FRANKFURT, Feb 22- Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules. VW is proposing a dividend of 4.80 euros a share for...

  • HOUSTON, Feb 22- Crude inventories in West Texas dropped this week to the lowest in four months after a converted pipeline began transporting crude from the nation's biggest shale oil field to the U.S. Gulf Coast, data from market intelligence provider Genscape showed. The drop in storage in the Permian Basin is another sign that new pipelines out of the region...

  • NEW YORK, Feb 22- U.S. Treasury yields fell on Friday morning as U.S. and Chinese trade negotiators resumed talks aimed at ending their trade war, and as the market processed soft economic data released on Thursday. The Washington- imposed deadline for a deal expires on March 1 and triggers higher U.S. tariffs.

  • Feb 22- Anadarko Petroleum Corp said one worker was killed and several others injured in two related attacks on Thursday near the construction site for its massive liquefied natural gas project in northern Mozambique. In June the company had said it was closely monitoring the security situation in northern Mozambique after a spate of beheadings and attacks...

  • Feb 22 TORONTO- Canada's Magna International Inc said on Friday profits beat market forecasts as a big spike in vehicle assembly work more than offset declining global auto production in the fourth quarter. But trade wars will pinch that performance, with Magna's 2019 tariff hit estimated at $45 million to $50 million. Excluding one-time items, Magna earned...

  • NEW YORK, Feb 22- The court-appointed trustee liquidating Bernard Madoff's firm said he began distributing $464 million to the imprisoned swindler's former customers on Friday, boosting their recovery to roughly $12.2 billion. Irving Picard, the trustee, said the payout means all former customers of Bernard L Madoff Investment Securities LLC who were...

  • PARIS, Feb 22- Societe Generale has not yet taken a decision about any layoffs at its corporate and investment bank as it looks for 500 million euros in cost savings, a source at the bank said on Friday. The French bank said this month it planned to restructure its investment bank to save costs. It has said it would focus on activities such as equity derivatives and...

  • KINSHASA, Feb 22- About 20 people died on Wednesday when a truck carrying acid to Glencore's Mutanda Mine in Democratic Republic of Congo collided with two other vehicles, Glencore said on Friday. The accident occurred in the evening about 50 kilometers from the copper and cobalt mine in the southeast of the country. The truck was owned by a logistics company...

  • WASHINGTON, Feb 22- The European Union has drafted a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. Trump, who is known to have a strong protectionist bent on trade, has said the United States will impose tariffs on European car imports if it is unable to reach a trade deal with the European Union.

  • LONDON, Feb 22- Sterling bobbed around the $1.30 mark on Friday but was set to snap a three-week losing streak as investors waited to see if last-minute talks between the United Kingdom and the European Union can yield tweaks to the Brexit withdrawal agreement. "Without a breakthrough in Brexit talks it will be difficult for sterling to go through these levels,"...

  • OSLO, Feb 22- Finland's nuclear regulator has identified a safety issue at Olkiluoto 3, a 1.6- gigawatt reactor built by France's Orano, and the problem needs to be fixed before the unit can receive a permit to operate, the regulator told Reuters. The safety assessment by STUK, Finland's radiation and nuclear safety authority, is a key report that will influence...