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Wires

  • His energy minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbours signed their historic peace treaty in 1979.. "Egypt is becoming a real gas hub," Yossi Abu, CEO of Delek subsidiary Delek Drilling LP, told Reuters. " The partners have also been trying to finalise a long-term export deal with a Royal Dutch Shell PLC plant in...

  • *Some focus turns to Israel- Iran tensions. LONDON, Feb 19- Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and tensions in the Middle East, although concerns of rising U.S. production tempered gains. Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just...

  • LONDON— The Latest on the bribery investigation on the Latvian central bank chief:. An Associated Press investigation found that a Latvian bank is accusing Rimsevics of seeking bribes for years, abusing his power and being connected to individuals involved in money laundering from Russia. Norvik's CEO, Oliver Bramwell, told The Associated Press: "The...

  • PALM BEACH, Fla., Feb 19- The White House said on Monday that President Donald Trump supports efforts to improve federal background checks for gun purchases, days after a shooting at a Florida school killed 17 people. Trump spoke to Senator John Cornyn, a Republican, on Friday about a bi-partisan bill that he and Democratic Senator Chris Murphy introduced to...

  • NEW DELHI/ MUMBAI, Feb 19- Indian federal police arrested three more employees of Punjab National Bank on Monday over a $1.77 billion loan fraud, and the government said the scandal exposed a supervisory failure by the country's central bank, police and local media reports said. Two officers looking after the foreign exchange department of the state-run bank...

  • MUNICH/ FRANKFURT, Feb 19- ProSiebenSat.1 Media SE is in exclusive talks with private equity firm General Atlantic over the sale of a minority stake in its digital business, two people with direct knowledge of the matter said on Monday. The sources said it was possible but not yet certain that the German media company would unveil a deal when departing CEO Thomas...

  • Feb 19- Kentucky's attorney general on Monday accused the drug distributor Cardinal Health Inc of contributing to the opioid epidemic by failing to halt or report suspiciously large or frequent orders by pharmacies of prescription painkillers. Kentucky Attorney General Andy Beshear filed a lawsuit over what he said were unfair, misleading and deceptive...

  • BRASILIA, Feb 19- Eunicio Oliveira, the head of Brazil's Senate, said on Monday that the federal government's military intervention in Rio de Janeiro would, by the rules of the country's constitution, block any vote on pension reform or any other measure requiring a constitutional amendment. President Michel Temer last week ordered Brazil's army to take...

  • *FTSE index down 0.64 percent. *Bank holidays in the U.S. and China. LONDON, Feb 19- British shares lost some ground on Monday as weak results from Reckitt Benckiser underlined the murky growth outlook for big consumer goods makers and banking holidays in the U.S. and China slowed European markets.

  • *Kiev short of coal due to rebellion, conflict with Russia. On the Ukrainian side the deal helped to win favour with the White House, whose support Kiev needs in its conflict with Russia, as well as opening up a new source of coal at a time when its traditional supplies are disrupted. Trump's campaign call to improve relations with the Kremlin alarmed the pro-Western...

  • LONDON, Feb 19- Sterling edged lower against the dollar and euro on Monday, holding off 10- day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, but such tightening will hinge on pay growth picking up, and on whether...

  • *Spain has had no representative at ECB since 2012. BRUSSELS, Feb 19- Euro zone finance ministers on Monday chose Spanish Economy Minister Luis de Guindos to succeed European Central Bank Vice President Vitor Constancio in May, a move likely to boost the chances of a German becoming head of the ECB next year. "The Eurogroup today gave its support to the candidacy of...

  • SAO PAULO, Feb 19- Brazilian stocks rose on Monday on thin trading volumes following a heavy batch of corporate updates. The benchmark Bovespa stock index rose 0.3 percent, supported by shares of state-controlled oil company Petróleo Brasileiro SA on the heels of rising crude prices. Insurance firm BB Seguridade SA, however, dropped 3 percent as the biggest...

  • LONDON, Feb 19- Copper fell on Monday as a firmer dollar prompted some profit taking in the metal after its biggest weekly rise in more than a year, while aluminum rose as the United States said it was considering import tariffs on the metal. "Financial markets have had quite a volatile month, and that has also been the case for copper," Danske Bank analyst Jens Pedersen...

  • LONDON, Feb 19- Copper fell on Monday as a firmer dollar prompted some profit taking in the metal after its biggest weekly rise in more than a year, while aluminium rose as the United States said it was considering import tariffs on the metal. "Financial markets have had quite a volatile month, and that has also been the case for copper," Danske Bank analyst Jens...

  • *Italy lags;, traders cite election jitters. Bond yields across the euro zone were broadly higher in the absence of any fresh drivers with overall trade subdued due to holidays in Asia and the United States. Greece was the exception following news on Friday that Fitch had upgraded Greece's long-term rating to "B" from "B-" and kept its outlook positive despite its...

  • BUCHAREST, Romania— The mayor of Bucharest says a Turkish company has won a contract worth more than 100 million euros to supply the Romanian capital with 400 buses. Mayor Gabriela Firea said Monday that Otokar Europe and Otokar Otomotiv had outbid three other companies to win the tender for the vehicles. The companies belong to Koc Holding, a Turkish industrial...

  • *Speculators cut net gold longs in the week to Feb. 13. LONDON, Feb 19- Gold prices were mostly flat on Monday as the dollar clawed back some recent losses and stocks rose, but U.S. inflation fears kept buyers in the metal. Spot gold was flat at $1,347.50 an ounce at 1623 GMT.

  • *Falls in Europe weigh on world stocks. In a day of relatively quiet trading owing to market holidays in the United States and China, losses in Europe weighed on stocks globally, which had earlier been propped up by gains in Japan. Shares in Tenaris, Outokumpu and Arcelor Mittal- which have facilities in the United States- were the biggest gainers in Europe, up between...

  • *Adjusted EPS 316.9 pence, vs 318.9 pence estimate. LONDON, Feb 19- Reckitt Benckiser's shares sank after the British consumer goods group missed 2017 profit estimates, while tough trading conditions and rising commodity costs hit its outlook. The company pointed to an improved performance at its recently acquired Mead Johnson baby formula business and...