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  • *Britain does not support full Huawei ban- sources. *FT reports Britain has decided it can mitigate risks. It's not that simple, "one of the sources told Reuters on Monday after a Financial Times report on Sunday said that Britain had decided it could mitigate the risks of using Huawei equipment in 5 G networks.

  • WASHINGTON, Feb 18- The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed. "It is critical that our industry have the opportunity to...

  • ABUJA, Feb 18- Nigeria's electoral commission approved on Monday the resumption of political campaigning, the body said in a statement, after the general elections were delayed by a week last Saturday. On Saturday, the commission's chairman told parties to stop campaigning, despite the election being postponed from Feb. 16 to Feb. 23. Campaigning is typically...

  • BRUSSELS, Feb 18- Brexit Secretary Steve Barclay said he had a positive meeting with the European Union's chief negotiator Michel Barnier on Monday and would meet him again later in the week.

  • UK'S BARCLAY SAYS AGREED TO MEET WITH BARNIER AGAIN MID-WEEK.

  • MUMBAI, Feb 18- ArcelorMittal SA, the world's biggest steelmaker, has bid 48 billion rupees to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio. Essar's creditors are selling many of the group's assets to recover billions of dollars of loans, leaving Essar Group with little say...

  • NEW YORK, Feb 18- Papa John's International Inc founder John Schnatter welcomes hedge fund Starboard Value LP's investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company. Papa John's this month unveiled Starboard's investment of up to $250 million and named the fund's chief executive, Jeff Smith,...

  • CAIRO, Feb 18- Uber has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may help resolve a long-simmering feud with traditional taxi drivers. The agreement would also apply to other ride-hailing companies, the head of the Egyptian Tax Authority, Abdel Azeem Hussein, said, although Uber's main rival Careem said...

  • *Munich prosecutor investigates FT journalist. FRANKFURT, Feb 18- Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities. Munich prosecutors said on Monday they were investigating a...

  • LONDON, Feb 18- Mining giant Glencore has bought 200,000 tonnes of aluminum on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said. Commodity trader Glencore is a major player in the aluminum market outside China, though it doesn't produce any itself.

  • LONDON, Feb 18- White sugar futures rose to a 3-1/ 2 month high on Monday as the market extended the prior session's sharp advance, buoyed by further gains in crude oil and concerns about dry weather in top exporter Brazil. *May white sugar ended $3.10, or 0.9 percent, higher at $357.80 a tonne after peaking at $359.40, a 3-1/ 2 month high for the front month.

  • Feb 18- British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations that the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said on Monday. Huawei is already barred from bidding for government contracts in the United States, while Australia and New...

  • President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday. Juncker added if Trump imposed tariffs on European cars nonetheless, the EU would react immediately and not feel...

  • *FTSE 100 down 0.2 pct. *FTSE 250 up 0.7 pct. However, the FTSE 250 rallied 0.7 percent to its highest since early November thanks to gains in sterling as investors awaited the outcome of Brexit talks between Britain and the European Union.

  • Following are details on the major carmakers in Britain. Britain's biggest carmaker made 449,304 cars last year at its three production sites: Castle Bromwich and Solihull in central England, and Halewood in northwest England. The Japanese carmaker produced 442,254 cars in 2018 at its Sunderland plant in northeast England, a decline of 10.7 percent on 2017..

  • MUMBAI, Feb 18- Opposition from farmers has prompted India's western state of Maharashtra to move the location for what would be the country's biggest oil refinery, Chief Minister Devendra Fadnavis said. Stare-run oil companies and Saudi Aramco have teamed up to build the $44 billion refinery, which is aimed at giving India steady fuel supplies while meeting...

  • LONDON, Feb 18- European stocks hovered around their highest level in four months on Monday as hopes of progress in U.S.- China trade talks kept sentiment afloat while Wall Street was closed for a bank holiday. Faurecia's gain bucked the trend in the autos sector which fell 0.3 percent, lagging the market after data showed car sales in China fell for a seventh...

  • *France mandates for 30- year syndication. LONDON, Feb 18- Short-dated Italian government bonds outperformed on Monday, their yields falling the most among euro zone bonds to lead a rally in the periphery, on expectations of more monetary stimulus from the European Central Bank. Coeure's comments on Friday saw euro zone banking shares jump more than 3 percent,...

  • JOHANNESBURG, Feb 18- South Africa's rand weakened in late afternoon trade on Monday as investors awaited Wednesday's budget, when the finance minister is expected to unveil plans to shore up state-owned power utility Eskom. Stocks rallied, with the Johannesburg All-share index and Top-40 index touching 3-1/ 2- month and 4-1/ 2- month highs respectively, with...

  • *Rising U.S. output could undermine OPEC efforts. LONDON, Feb 18- Oil rose for a fifth day on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC's supply cuts will prevent a build-up in unused fuel, though concern over China's economy tempered gains. Brent futures were last up 22 cents at $66.47 a barrel...