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Wires

  • FRANKFURT, Feb 21- A rise in euro zone bond yields and the value of the euro currency is a natural reaction to the bloc's strong economic performance and not an unwarranted market tightening, European Central Bank policymaker Vitas Vasiliauskas said. Risks to growth are tilted to the upside so it was appropriate for the ECB to reword its policy guidance to cut the...

  • *Case centers on Israel's largest telecoms company. JERUSALEM, Feb 21- A confidant of Israeli Prime Minister Benjamin Netanyahu has agreed to turn state's witness in one of several corruption investigations posing a serious threat to the conservative leader's political survival, local media said. Shlomo Filber's decision to testify for the state against...

  • LONDON— Official figures show that basic wages in Britain are on the up but are still lagging price rises, meaning that household incomes remain stretched as the country enters a crucial stage in Brexit discussions. The Office for National Statistics said Wednesday that average weekly earnings in the three months to December excluding bonuses were up 2.5...

  • LONDON, Feb 21- European shares retreated on Wednesday, under pressure from a continued rise in bond yields, though well-received results from telecom companies, bank Lloyds and miner Glencore helped limit the declines. Europe's pan-European STOXX 600 index was down 0.6 percent by 0954 GMT, while Germany's DAX also fell 0.7 percent. I think markets are still... a...

  • *U.S. 2- year Treasury yield at highest since September 2008. LONDON, Feb 21- The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the Federal Reserve's last policy meeting. MSCI's world index of stocks was down 0.1 percent, set for its third straight decline this week, as a down day in...

  • TOKYO, Feb 21- About 70 firms are expected to be registered as high frequency traders in Japan, the Japan Exchange Group said on Wednesday, ahead of the start of new regulations in April that require HFTs to register with the government. Japan has introduced the requirement as trading by HFTs comes under scrutiny globally as a potential source of flash crashes and...

  • VANCOUVER, British Columbia _ Pan American Silver Corp. on Tuesday reported fourth-quarter earnings of $48.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Three analysts surveyed by Zacks expected $212.2 million.

  • GRAND CAYMAN, Cayman Islands _ Greenlight Capital Re Ltd. on Tuesday reported a fourth-quarter loss of $37.7 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Grand Cayman, Cayman Islands- based company said it had a loss of $1.02. Greenlight Capital Re shares have fallen 13 percent since the beginning of the year.

  • RENO, Nev. _ Monarch Casino& Resort Inc. on Tuesday reported fourth-quarter net income of $4.4 million. On a per-share basis, the Reno, Nevada- based company said it had net income of 23 cents. For the year, the company reported profit of $25.5 million, or $1.39 per share.

  • TORONTO _ Golden Star Resources Ltd. on Tuesday reported fourth-quarter profit of $12.6 million. On a per-share basis, the Toronto- based company said it had net income of 3 cents. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

  • BOWIE, Md. _ Inovalon Holdings Inc. on Tuesday reported fourth-quarter earnings of $16.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Inovalon Holdings expects full-year earnings in the range of 31 cents to 35 cents per share, with revenue in the range of $462 million to $482 million.

  • ATLANTA _ Haverty Furniture Cos. on Tuesday reported fourth-quarter net income of $2.9 million. The Atlanta- based company said it had net income of 13 cents per share. Haverty Furniture shares have fallen slightly more than 7 percent since the beginning of the year.

  • MCLEAN, Va. _ Gladstone Land Corp. on Tuesday reported a key measure of profitability in its fourth quarter. The McLean, Virginia- based real estate investment trust said it had funds from operations of $2 million, or 14 cents per share, in the period. The company said it had a loss of $216,000, or 2 cents per share.

  • RIDGEFIELD, Conn. _ The Chefs' Warehouse Inc. on Tuesday reported fourth-quarter net income of $9.5 million. Chefs' Warehouse expects full-year earnings in the range of 68 cents to 78 cents per share, with revenue in the range of $1.4 billion to $1.44 billion. Chefs' Warehouse shares have fallen 5 percent since the beginning of the year.

  • MONTREAL _ 5 N Plus Inc. on Tuesday reported fourth-quarter profit of $2.2 million. The Montreal- based company said it had net income of 3 cents per share. For the year, the company reported net income of $12 million, or 14 cents per share, swinging to a profit in the period.

  • LONDON, Feb 21- Emerging equities soared almost 1 percent on Wednesday while South Africa's rand held steady as investors awaited Finance Minister Malusi Gigaba's first budget under new President Cyril Ramaphosa. Hong Kong shares rose 1.8 percent to a two-week high and index heavyweight Taiwan surged 2.8 percent in its biggest one-day gain since September...

  • STOCKHOLM, Feb 21- Sweden will sell fewer bonds this year because of a burgeoning budget surplus, its Debt Office said on Wednesday, adding that any further cuts could prompt investors to quit the market due to a lack of liquidity. The Debt Office forecast the central government would run a surplus of 80 billion Swedish crowns in 2018, compared to a forecast...

  • HAMBURG, Feb 21- Carmaker Volkswagen agreed to raise the wages of more than 120,000 workers in Germany by 4.3 percent from May, labour union IG Metall said on Wednesday after a fourth round of talks yielded a deal overnight. The deal mirrors an agreement IG Metall won for around 3.9 million industrial employees in Germany this month after threatening widespread...

  • ATHENS, Greece— Greek lawmakers are debating whether to launch an investigation into 10 senior politicians— including two former prime ministers, the current central bank governor and a European commissioner— over allegations they were involved in a pharmaceutical bribery scandal. Wednesday's debate is to culminate in a late-night vote on whether to...

  • PARIS— Air France says that half of its long-haul flights departing from Paris will not operate for 24 hours during a strike over pay. The French airline said that Thursday's long-haul flights would be affected during the day-long strike that aims to pressure management to increase employee salaries by 6 percent. In a Wednesday statement, Air France said it "...