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  • *Q3 net $233 mln vs $289 mln loss year prior. The company, dual-headquartered in China and the United States, is optimistic of further growth in China and will focus on the premium market, CEO and chairman Yang Yuanqing told Reuters after December quarter revenue rose to the highest in four years on a strong showing across its major business groups.

  • *Investors expect U.S., China to reach trade deal next month. TOKYO, Feb 21- Asian shares pulled ahead to fresh 4-1/ 2- month highs on Thursday after the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent to peak last seen in early October.

  • MUMBAI, Feb 20- India will hold wide consultations with internet companies before finalising rules to regulate content on social media but will not hold back from framing laws that safeguard national interest, the countrys technology minister said. India, one of the worlds biggest internet markets, in late December proposed rules that will compel platforms...

  • Feb 21- Samsung Electronics Co Ltd has wowed the smartphone industry with the first mainstream foldable screen, accompanied by a nearly $2,000 price tag that generated heated debate as to whether it may prove too expensive to revive slumping sales. "I am blown away," said Patrick Moorhead of Moor Insights& Strategy, adding the phone could help Samsung rejuvenate...

  • PALO ALTO, Calif., Feb 20- With the U.S. economy facing significant headwinds, the Federal Reserve should align its balance sheet policy with its new "patient" approach to interest rates, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday. "We don't want the balance sheet to be working at cross purposes with our interest rate policy," Daly told the...

  • *U.S. sanctions vs Iran and Venezuela also prop up prices. SINGAPORE, Feb 21- Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC- led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy. Another price driver has been U.S. sanctions against oil exporters Iran and...

  • SYDNEY, Feb 21- U.S. wheat futures on Thursday inched further away from a seven-month low touched in the previous session, but gains were checked as North American supply struggled to attract strong international demand. *The most active wheat futures on the Chicago Board of Trade were up 0.4 percent at $4.82-1/ 2 a bushel by 0157 GMT. Egypt's state grains buyer, the...

  • TOKYO, Feb 21- Japan's auto industry lobby on Thursday called on U.S. "Introducing import restriction measures would not only negatively affect our U.S. customers, but would also disrupt the operations of U.S. vehicle and auto parts manufacturers as well as auto dealerships," Akio Toyoda, chairman of the Japan Automobile Manufacturers Association, said in a...

  • *Nikkei's downside supported by relief in China- U.S. trade talks- analyst. TOKYO, Feb 21- Japan's Nikkei retreated on Thursday as investors took a breather after a 3- day rally even as broader market losses were contained by optimism around U.S.- China trade talks. President Donald Trump said trade discussions with China were going well and suggested he was open...

  • Sources familiar with the talks told Reuters that negotiators are working on six memorandums of understanding for actions to be taken by China on structural reforms to trade and economic policies. Washington says foreign firms are often required to transfer technology and give away intellectual property to operate in China. The United States wants China...

  • SYDNEY, Feb 21- Australia's jobs growth surged past all expectations in January as firms took on more full-time staff while the jobless rate stayed at its lowest in seven years, barnstorming performance that will boost policymakers confidence in the economy. A total 39,100 net new jobs were created in January, from a downwardly revised but still sturdy 16,900...

  • WELLINGTON, Feb 21- New Zealand on Thursday set up hundreds of traps around the country's largest city of Auckland after finding a second Queensland fruit fly, a species that poses a risk to the country's multi-billion dollar horticulture sector. A solitary male Queensland fly was collected from a fruit fly surveillance trap and formally identified on...

  • *Bank fined $133.3 mln in Britain over financial crime controls. Feb 21- Standard Chartered PLC has set aside $900 million to cover fines resulting from investigations by regulators in Britain and the United States, it said on Thursday, sending its shares down 1 percent. The bank also disclosed in a Thursday filing to the Hong Kong Stock Exchange that it has been...

  • QUITO, Feb 20- Ecuador has reached a $4.2 billion staff-level financing deal with the International Monetary Fund, President Lenin Moreno said on Wednesday, as the Andean country grapples with a large fiscal deficit and heavy external debt. The country will also receive $6 billion in loans from multilateral institutions including the World Bank, the...

  • The South American country will also receive $6 billion in loans from multilateral institutions including the World Bank, the Inter-American Development Bank, and the CAF Andean development bank, Moreno said in a message broadcast on national television and radio.

  • *Spot gold had gained 0.1 percent to $1,339.99 per ounce by 0054 GMT, having touched $1,346.73 per ounce in the previous session, its highest level since April 20. *Trump on Wednesday said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European Union. *British Prime Minister Theresa May held "constructive"...

  • SYDNEY, Feb 21- Australia's jobs growth surged past all expectations in January as firms took on more full-time staff while the jobless rate stayed at its lowest in seven years, upbeat data showed on Thursday, sending the local dollar higher. The overall trend in Australia's jobs market has been robust over the past couple of years with annual employment growth...

  • ANCHORAGE, Alaska, Feb 20- The world's biggest undeveloped gold and copper mining project, planned in southwestern Alaska near the largest fishery for sockeye salmon globally, moved a step closer to approval on Wednesday after the U.S. Army Corps of Engineers released a draft environmental impact statement. The Pebble Mine would produce 70 million tons of gold,...

  • BRASILIA, Feb 20- Brazil's Economy Minister Paulo Guedes said he is "pretty optimistic" that a "mature" Brazilian Congress will approve without too many changes the pension reform proposal that he unveiled on Wednesday. "I am not seeing much resistance from the enlightened political class because they have realized that this is the path to get Brazil growing,...

  • The survey also showed business confidence in Japan soured for the first time in more than six years, highlighting the growing toll that the U.S.- China trade war is inflicting on Asia's export-reliant economies and global manufacturing. The pessimistic turn in business sentiment "comes as no surprise given the international headwinds Japanese...