|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.0003 - 0.0003|
|52-week range||0.0002 - 0.0016|
|PE ratio (TTM)||N/A|
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U.S. industrial production surged in February, boosted by strong increases in output at factories and mines, but the economic outlook for the first quarter was dimmed by a larger-than-expected plunge in homebuilding last month. Economists, however, worried tariffs on steel and aluminum imports imposed by President Donald Trump last week could weigh on output. Industrial production jumped 1.1 percent last month, the Federal Reserve said on Friday.
Japan Tobacco has agreed to buy Russia's Donskoy Tabak for about 90 billion roubles to strengthen its leading position in the world's third-largest tobacco market. Japan Tobacco, the third-biggest international ...
The global economy is booming, but with growing political uncertainty and the threat of trade skirmishes after the United States imposed tariffs on steel and aluminium imports, a slowdown may not be far away. Global growth will be at its strongest in seven years in 2018, the Organisation for Economic Cooperation and Development said on Tuesday as it raised its forecast to 3.9 percent. While the acceleration is being led by the United States, dozens of other countries are also enjoying racing growth rates.
African mobile phone mast firm Helios Towers on Thursday pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders who had been valuing the firm at as much as 2 billion pounds ($2.8 billion). Helios, which operates phone masts in Ghana, Congo Republic, Democratic Republic of Congo and Tanzania, said it had received "considerable interest" from institutional investors who liked its business plan and growth prospects.
Sterling edged lower on Thursday as the dollar gained ground ahead of next week's expected rise in U.S. interest rates, while scepticism about the prospect of a smooth Brexit transition deal also weighed on sentiment. The British currency slipped 0.2 percent to $1.3942 as broader currency markets stuck to established ranges before a G20 meeting next week amid rising trade tensions. There was no new economic data to drive the pound, but traders remained focused on a Bank of England policy meeting next week and a European Union leaders summit where Britain has said it will strike a transition deal to cover its relations with the bloc immediately after Brexit in March 2019.
The European Union system for granting financial market access to foreign firms must be toughened up given that a dominant financial centre will become a close neighbour after Brexit, the head of France's markets watchdog said on Thursday. Robert Ophele, chairman of the Autorite des Marches Financiers (AMF), said EU market access rules for non-EU or "third countries" should be urgently revamped before the bloc's financial market is opened up to Britain, which is quitting the EU next March.
Scotland and Wales are within reach of a deal with the central government over power-sharing, Scotland's Nicola Sturgeon said on Wednesday, easing the pressure on the British government as it negotiates its exit from the European Union. Speaking after a meeting with Prime Minister Theresa May in London, Scotland's First Minister struck a more positive tone than she had in recent weeks. "The issues that remain between us are not insignificant but not insurmountable," Sturgeon said.
German lawmakers voted on Wednesday to re-elect Angela Merkel as chancellor for a fourth, and likely final, term that may prove her most challenging yet as she takes charge of a fragile coalition with her personal standing diminished. Lawmakers voted by 364 to 315, with nine abstentions, in favour of re-electing Merkel, a humbling start as the coalition of her conservatives and the centre-left Social Democrats (SPD) has 399 votes in the Bundestag lower house of parliament. "I accept the vote," a beaming Merkel, 63, told lawmakers before being sworn in by Bundestag President Wolfgang Schaeuble.
Emerging market stocks fell for the first time in five days on Wednesday, as the threat of a fresh round of U.S. tariffs targeted at China offset a solid start to the year from the developing world’s largest economy. MSCI's emerging market index, which covers 24 countries, was down 0.4 percent as the wave of trade uncertainty also pushed dollar-denominated EM government bonds towards their weakest point since November.
MOSCOW/LONDON, March 13 (Reuters) - Russia threatened on Tuesday to expel all British media after Britain warned it could strip Russian broadcaster RT of its UK operating license if the government finds Moscow was behind a chemical attack on a Russian ex-double agent in England. A British-Russian war of words escalated after London gave Russia until midnight on Tuesday to explain how a Soviet-era nerve agent was used against former spy Sergei Skripal and his daughter Yulia earlier this month. Britain's media regulator said RT (Russia Today) could lose its UK licence if Prime Minister Theresa May's government determines Moscow was behind the poisoning.
Britain gave Russia until midnight on Tuesday to explain how a Soviet-era nerve agent was used against a former Russian double agent, and U.S. President Donald Trump said he would condemn Russia if British evidence incriminated Moscow. Prime Minister Theresa May, who said on Monday it was "highly likely" that Russia was behind the poisoning of Sergei Skripal and his daughter, won support from some of Britain's main European allies and the European Union which denounced the attack as "shocking" and offered help to track down those responsible.
Trade tensions are threatening the best global economic growth outlook in seven years, the OECD said on Tuesday, adding that four U.S. rate rises are likely this year as tax cuts stoke the world's biggest economy while Brexit will drag on Britain. While broadly more optimistic than only a few months ago, the Organisation for Economic Cooperation and Development warned a trade war could threaten the outlook, and forecast that UK growth would lag all G20 countries due to Brexit uncertainties.
Chilean miner Antofagasta (LSE: ANTO.L - news) reported a sharp rise in full-year earnings on Tuesday thanks to higher copper prices and said it would raise its dividend by 177 percent. The mining company, listed in London and majority-owned by Chile (Stuttgart: 704599.SG - news) 's Luksic family, said it expected the global copper market to tighten and warned that rising copper prices could stoke labour unrest in the region and disrupt supply. Its 2017 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59 percent to $2.6 billion, Antofagasta (Other OTC: ANFGF - news) said in a statement, adding it would raise its annual dividend to 50.9 cents per share.
DUBAI/LONDON, March 13 (Reuters) - Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on an international exchange such as London or New York hang in the balance, sources close to the process said. The kingdom is counting on being awarded emerging market status by index complier MSCI in June to help Saudi Aramco attract Western funds, in addition to cornerstone investors from China, Japan and South Korea, the sources said.
The euro's rally on Monday fizzled as a more-dovish-than-expected central bank meeting last week continued to weigh on the single currency, while a revival in risk appetite hurt the dollar against higher-yielding currencies. Strong U.S. jobs numbers and receding fears over a trade war helped a rebound in markets, and when markets have rallied this year the euro has tended to benefit against the dollar, as traders bet investors will continue to put more money into a region where the economies are booming. After initially rising to a session high of $1.2341 on Monday, the euro dropped 0.1 percent to $1.2297.
With (Other OTC: WWTH - news) little crucial economic data due in Europe, traders will focus on a meeting of the euro zone finance ministers on Monday for any comments on trade protectionism after President Donald Trump's decision to impose some tariffs. "With the euro zone enjoying a massive 3.5 percent GDP current account surplus and the euro not particularly volatile, we suspect it will be very hard for [euro zone] finance officials to talk down the euro," said Viraj Patel, an FX strategist at ING.
The world's oceans are facing a "market failure" that risks triggering the extinction of fish species, the Governor of the Bank of England has warned. In an exclusive interview with Sky News, Mark Carney has become one of the most influential voices to warn of the sustainability of humankind's relationship with the sea. With (Other OTC: WWTH - news) industrial fishing fleets employing ever more sophisticated techniques to catch fish, including the use of remote nets and electrical pulse systems, scientists have warned that unless there are restrictions on fishing the world could have exhausted the main species of fish by the middle of this century.
Oil prices rose more than 2 percent on Friday, rebounding from two days of declines as Wall Street rose on strong U.S. jobs data, while investors also grew hopeful that a planned meeting between U.S. President Donald Trump and North Korea's Kim Jong Un could ease geopolitical tensions. West Texas Intermediate (WTI) crude futures rose $1.60 to $61.72 a barrel, a 2.7 percent gain. Trump said he was prepared to meet Kim in what would be the first face-to-face encounter between leaders from the two countries and could mark a breakthrough in a standoff over the North's nuclear weapons.
Sterling rallied on Friday after a slowdown in U.S. wage growth weakened the dollar and British industrial production data showed the UK's manufacturing sector continues to expand, albeit slowly. Traders had earlier pushed the pound slightly lower as markets wait to get more clarity on Britain's Brexit negotiations with the European Union. Sterling also rose against the euro and was up 0.3 percent at 88.85 pence per euro.
Sterling struggled to make headway on Friday after official data showed British industry kicked off 2018 in low gear and traders waited to get more clarity on Britain's Brexit negotiations with the European Union. Sterling traded flat versus the euro at 89.14 pence per euro. Analysts said that with predictions of a Bank of England interest rate hike for May baked into the price, and ongoing political risks around Brexit negotiations, assessments of the health of the UK economy have taken a backseat for currency investors.
KFC has returned to its old delivery contractor to supply chicken to restaurants after hundreds of outlets were forced to close last month. Bidvest Logistics had lost its KFC contract only for DHL and partner QSL to struggle with maintaining the flow of meat and other goods to the brand's 900 sites, in what were described as "teething problems". The vast majority of restaurants were shut at one stage, with KFC facing taunts of "told you so" at the time from union officials, who said they had warned the company in advance that Bidvest was best-placed to handle its business.
JOHANNESBURG/RABAT, March 8 (Reuters) - South Africa's biggest insurer Sanlam Ltd said on Thursday it will buy the rest of Moroccan insurer SAHAM Finances for $1 billion, as part of its plan to become a Pan-African insurance group. The deal will give Sanlam, valued at more than $16 billion, access to SAHAM's fast-growing African business in 26 countries through 65 subsidiaries across the continent. SAHAM has been following the trail of Moroccan banks which have been moving to sub-Saharan countries, part of the kingdom's strategy to grow its influence in Africa.
Britain's statistics watchdog said it was concerned that the retail price index (RPI), an older measure of inflation which is still used as a benchmark for government bonds and consumer contracts, remained in widespread use. Earlier on Thursday the Office for National Statistics (ONS) said RPI was a "very poor" measure on inflation that had a tendency to overstate the extent of changes to prices, and at other times understate them. RPI is used to calculate interest payments on inflation-linked British government debt, which accounts for roughly a third of the total.
All eyes will be on the ECB for clues about the speed and timing of monetary tightening and any signs it is starting to grow uncomfortable with the currency's strength. Investors pushed the euro higher on expectations that the ECB, which is expected to keep monetary policy unchanged on Thursday, will drop signals on how it plans to gradually rein in its huge stimulus programme. "There is a lot of position squaring ahead of the ECB," said Manuel Oliveri, FX Strategist at Credit Agricole (Swiss: ACA.SW - news) .