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  • MELBOURNE, Feb 21- British industrialist Sanjeev Gupta said his GFG Alliance has no plans to slow its rapid pace of acquisitions over the coming year and could look to raise capital through debt or equity markets. Gupta, who heads the $10 billion turnover consortium that runs metals group Liberty House and energy and commodities group SIMEC, said GFG is pursuing...

  • West Texas Intermediate crude futures were at $61.19 a barrel at 0755 GMT, down 60 cents, or 1 percent, from their last settlement. Wang Tao, Reuters technical commodity analyst, said Brent could fall into a range of $63.92 to $64.41 per barrel, as suggested by its wave pattern and a projection analysis. "The U.S. dollar continues to find firmer footing," said Stephen...

  • PARIS, Feb 21- Orange's high investments started to bear fruit in France last year, capping a challenging period for the telecom operator in the face of a price war waged by younger rival Iliad. Annual sales in France grew for the first time since 2009, the former monopoly said on Wednesday, lifting group operating earnings and convincing management to hike the...

  • Nigeria has raised $5.5 billion over the past three months, Kenya wants to borrow at least $1.5 billion, and Angola, Ivory Coast, Ghana and Senegal are all queuing up. Rating agency Moody's calculates Ghana has $4.5 billion of bonds due between 2020-2026, Gabon has $2 billion maturing between 2022-2025 and Zambia has $3 billion between 2022-2027..

  • RIGA, Feb 20- Corruption allegations that led to the suspension of Latvia's central bank governor on Tuesday may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said. Those have been blamed on Russia, which denies meddling in elections in the West. The Latvian defense...

  • RIGA, Feb 20- Corruption allegations that led to the suspension of Latvia's central bank governor on Tuesday may be part of a disinformation campaign aimed at damaging trust in the country and influencing October elections, its Defence Ministry said. Those have been blamed on Russia, which denies meddling in elections in the West. The Latvian defence...

  • President Donald Trump's elder son described India as an important market for The Trump Organization but said the global company will lose out on new deals because of self-imposed restrictions put in place by his father since he took office. Trump Jr. said new business would take a hit in India. In the days leading up to Trump Jr.' s visit, one of its development...

  • NEW DELHI— Donald Trump Jr. said that any talk that his family was profiting from his father's presidency was "nonsense" as he embarked on a highly publicized visit to India to promote real estate deals that bear his family's name. The eldest son of President Donald Trump is in India to meet the promoters and buyers of Trump brand luxury homes in the country, raising...

  • SYDNEY, Feb 21- New Zealand's a2 Milk Co Ltd booked record half-year profit on surging demand for its infant formula in China, beating market estimates and vindicating a two-pronged business strategy that has seen it succeed where others have stumbled. Its shares shot up 26 percent to an all-time high as revenue from direct sales in China more than tripled,...

  • COPENHAGEN, Feb 20- Prospects for the offshore oil drilling market are improving but profits for drillers are still under pressure and rates will not rise before 2019, the head of A.P. Although this has spurred new investment, it has yet to benefit suppliers, such as Maersk, which sold its North Sea- focused oil and gas business to France's Total last year and now...

  • MANILA, Feb 21- London copper futures edged lower on Wednesday as the dollar touched a one-week high versus a basket of major currencies, with trading volumes in Asia staying lean as Chinese markets remained shut for the Lunar New Year break. Benchmark copper on the London Metal Exchange was off 0.3 percent at $7,067.50 a tonne by 0653 GMT, after earlier hitting a...

  • TOKYO, Feb 21- Japanese government bond prices gained on Wednesday, in anticipation of strong demand at a 20- year JGB auction the following day. The 10- year JGB yield fell 0.5 basis point to 0.055 percent, while the 20- year yield dropped 0.5 basis point to 0.560 percent. Traders had been initially cautious ahead of Thursday's auction of 1 trillion yen 20- year...

  • TOKYO, Feb 21- Japan's Nikkei share average edged up on Wednesday in choppy trade as chip stocks and other exporters were boosted by steady dollar-yen levels, offsetting weakness in financial stocks such as insurers, brokers and banks. The Nikkei ended 0.3 percent higher to 21,970.81, after moving in and out of negative territory. The dollar rose 0.4 percent to...

  • PARIS, Feb 21- Orange's annual sales in France grew for the first time in nine years, the telecoms operator said on Wednesday, signaling that its high investments in the country are starting to bear fruit. Revenues in France increased by 0.6 percent to 18.1 billion euros, the former monopoly said in a statement. The overall fourth-quarter results were in line with...

  • SEOUL, Feb 21- General Motors' South Korean workers will go on a full strike if the U.S. automaker decides to completely pull out of the country, its union head told Reuters on Wednesday, adding he does not rule out the possibility GM might leave. GM announced last week it would shut its plant in the city of Gunsan, in southwest South Korea, by May and decide the future of...

  • TOKYO— Shares were higher in Asia on Wednesday, supported by rosy manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock and losses in other sectors. KEEPING SCORE: Japan's Nikkei 225 index climbed 0.2 percent to 21,970.81 and Hong Kong's Hang Seng advanced 1.5 percent to...

  • NAIROBI, Feb 21- Kenya's $1.5 bln standby credit facility remains in place until the end of March 2018, but the country cannot access it because conditions have not been met, the International Monetary Fund said on Wednesday, clarifying comments given a day earlier. "Kenya continues to have access to resources since June subject to policy understandings to...

  • But spreadbetters expected European stocks to follow Wall Street's lead and open lower, with Britain's FTSE slipping 0.3 percent and Germany's DAX and France's CAC losing 0.6 percent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.7 percent after slipping earlier in the session following the U.S. market losses, which snapped a...

  • *Brazil still difficult but trends improving in Q4. PARIS, Feb 21- AccorHotels, Europe's largest hotel company, posted a forecast-beating 10.1 percent rise in like-for-like operating profits for 2017, helped by cost controls and robust demand in all key regions except Brazil. The only region where Accor did not have strong growth last year was South America and...