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  • LONDON/ DUBAI, Feb 23- Arif Naqvi, the founder of Dubai- based emerging markets private equity fund, Abraaj Group, has handed the running of the fund to two co-chief executives and halted investments during a review of the structure of the business. The four investors, which included the Bill& Melinda Gates Foundation and World Bank's arm IFC, had separately hired...

  • NEW YORK— Hewlett Packard Enterprise and HP are leading technology companies higher and banks are also rising as US indexes climb in early trading on Wall Street Friday. Blue Buffalo Pet Products jumps after General Mills agrees to buy the pet food maker. TECH EARNS: Hewlett Packard Enterprise surged $1.59, or 9.7 percent, to $18.01 after it had a strong fiscal...

  • LONDON, Feb 23- Two leading investors in British wholesaler Booker are backing a takeover by retail giant Tesco, despite a late push by an activist hedge fund and shareholder advisers to secure better terms. They argue the cash-and-shares offer from Britain's biggest retailer does not hand Booker investors a big enough premium, ramping up the pressure on both...

  • *General Mills to buy Blue Buffalo for $8 bln. Feb 23- Wall Street's main indexes rose on Friday, with gains in technology stocks helping claw back some of the week's losses, which were sparked by concerns about interest rates. Both companies reported strong results on Thursday, with HPE also announcing a plan to return $7 billion to shareholders.

  • TREASURY DEPARTMENT SANCTIONS TARGET ONE PERSON, 27 COMPANIES, 28 VESSELS.

  • ISSUES NEW SANCTIONS ON NORTH KOREA- U.S.

  • PLANO, Texas _ Cinemark Holdings Inc. on Friday reported fourth-quarter earnings of $95.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Four analysts surveyed by Zacks expected $746.7 million.

  • *EPS C $2.05 vs forecast C $1.99. TORONTO, Feb 23- Royal Bank of Canada on Friday said concerns about the outcome of talks to renegotiate the North American Free Trade Agreement were impacting longer-term investment decisions by its commercial customers. Officials from the United States, Canada and Mexico are preparing for a critical seventh round of...

  • LONDON, Feb 23- Oil edged further above $66 a barrel on Friday supported by a dip in Libyan production and upbeat comments from Saudi Arabia that an OPEC- led effort to erode stockpiles through output curbs is working. Production in the OPEC member has been running at about 1 million bpd, although it remains volatile due to unrest. Brent crude, the global benchmark,...

  • Feb 23- Three car rental brands owned by Enterprise Holdings Inc will end discount programs with members of the National Rifle Association, following the second-deadliest shooting at a public school in U.S. history. The latest mass-casualty shooting in the United States, which killed 17 at a high school in Parkland, Florida, has pushed companies to re-evaluate...

  • *Canada's inflation rate pulls back to 1.7 percent. TORONTO, Feb 23- The Canadian dollar edged higher against its broadly firmer U.S. counterpart on Friday after data showed Canada's inflation cooled less than economists had expected. The data may not have much impact on the Bank of Canada's interest rate outlook after inflation was boosted by a minimum wage...

  • NEW YORK— Shoppers at self-checkout lanes scanning all their groceries after they're done shopping? Like many changes in retail, the expansion of scan-and-go comes from retailers trying to make store shopping more convenient and hang on to customers used to Amazon, which just opened a cashier-less store in Seattle. She just started using the technology at a...

  • *Gender pay gap 37 pct at Aberdeen, 42 pct Standard Life. LONDON, Feb 23- Standard Life Aberdeen revealed its chief executives took home bumper pay packets in 2017 after the duo engineered an 11 billion pound merger of their rival Scottish firms. His co-chief executive Martin Gilbert, Aberdeen Asset Management's former boss and Skeoch's fishing partner, was paid...

  • FRANKFURT/ LONDON/ AMSTERDAM, Feb 23- NIBC Holding NV, the Hague- based bank, will announce as soon as Monday its intention to launch an initial public offering on Euronext in Amsterdam, banking sources said. Morgan Stanley, Citi and Deutsche Bank would act as global coordinators, with ING and ABN Amro bookrunners on the IPO, the sources told Reuters on Friday.

  • Feb 23- Shares of Hewlett Packard Enterprise rose 7 percent to a record in early trading on Friday after the company unveiled a $7 billion share buyback program, reported strong quarterly results and raised its full-year profit forecast. The results were the first under new Chief Executive Officer Antonio Neri, who took over from Meg Whitman in February.

  • TORONTO, Feb 23- Canada's main stock index rose on Friday, boosted by gains for Royal Bank of Canada after it reported stronger-than-expected earnings, while energy shares also climbed. The Toronto Stock Exchange's S&P/TSX composite index rose 47.98 points, or 0.31 percent, to 15,556.15, shortly after the open. Nine of the index's 10 main groups rose.

  • OSLO, Feb 23- Norway's $1 trillion sovereign wealth fund, the world's largest, will generally shun investments in energy sources such as coal that are unlikely to be needed in a future low-carbon society, it said on Friday. In 2016, the Norwegian parliament mandated the fund, which invests Norway's revenues from oil and gas production in stocks, bonds and real...

  • NEW YORK— The latest on developments in financial markets:. Hewlett Packard Enterprises jumped 10 percent in early trading Friday and HP rose 7 percent after both companies reported earnings that were much better than analysts were expecting. Among financial companies, Fifth Third rose 1 percent and BlackRock climbed 1.3 percent.

  • MARIETTA, Pa. _ Donegal Group Inc. on Friday reported a fourth-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier. The Marietta, Pennsylvania- based company said it had a loss of 10 cents per share. For the year, the company reported profit of $7.1 million, or 26 cents per share.

  • BRUSSELS, Feb 23- Latvia plans to halve the share of bank deposits held by non-residents after the United States accused one of its biggest banks of laundering money on a large scale, Prime Minister Maris Kucinskis said on Friday. U.S authorities have accused ABLV, Latvia's third biggest bank, of engaging in large scale money laundering for Russian clients.