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UPDATE 1-Head of Russia’s ACRA ratings agency leaves post

(Updates with official confirmation, adds quotes) MOSCOW, Jan 17 (Reuters) – The head of Russia’s ACRA ratings agency, Ekaterina Trofimova, left her post on Jan. 16, the agency said on Thursday. Reuters reported earlier that Trofimova was leaving her post, citing three sources familiar with the decision. ACRA was established in 2015 after the top […]

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UK Labour leader says any new Brexit referendum can’t be a re-run of 2016

Jeremy Corbyn, Leader of the Labour Party gives a speech days after he called a vote of no confidence in Prime Minister Theresa May’s government, in Hastings, Britain, January 17, 2019. REUTERS/Peter Nicholls HASTINGS, England (Reuters) – Any new referendum on Britain’s membership of the European Union cannot simply be a re-run of the 2016 […]

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Britain’s Labour leader tells May: rule out no-deal before we talk

FILE PHOTO: Jeremy Corbyn, Leader of the Labour Party, talks during a no confidence debate after Parliament rejected Theresa May’s Brexit deal, in London, Britain, January 16, 2019. UK Parliament/Jessica Taylor/Handout via REUTERS HASTINGS, England (Reuters) – British opposition Labour Party leader Jeremy Corbyn confirmed on Thursday he would only hold talks with Prime Minister […]

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UK Labour could back second Brexit referendum, Corbyn hints

FILE PHOTO: Jeremy Corbyn, Leader of the Labour Party, listens during a confidence vote debate after Parliament rejected Prime Minister Theresa May’s Brexit deal, in London, Britain, January 16, 2019, in this screen grab taken from video. Reuters TV via REUTERS HASTINGS, England (Reuters) – Britain’s main opposition Labour party could back a second Brexit […]

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Explainer: How pressing is Lebanon’s financial challenge?

BEIRUT (Reuters) – Financial strains in Lebanon have been brought into focus by turbulence on markets where its dollar-denominated sovereign bonds suffered a heavy sell-off last week following comments by the finance minister about the public debt. FILE PHOTO: A general view shows a street hosting banks and financial institutions, known as Banks Street, in […]

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Renault executives, French government officials to meet Nissan CEO: Nikkei

TOKYO/PARIS (Reuters) – Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn’s arrest. FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of a […]

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SocGen blames rocky markets for its profit warning

PARIS (Reuters) – French bank Societe Generale (SOGN.PA) warned that volatile markets would hurt its fourth quarter profit, hitting its shares and other banks which have yet to report earnings. FILE PHOTO: A view shows the logo on the headquarters of French bank Societe Generale at the financial and business district of La Defense near […]

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UPDATE 1-Irish financial system can withstand ‘cliff-edge’ Brexit -c.bank

* Hard Brexit will be “bumpy” economy, financial system * Government prepares new no deal law for some insurers * Motorists need ‘green cards’ to cross border in no deal (Adds c.bank insurance plans,) By Padraic Halpin DUBLIN, Jan 17 (Reuters) – The Irish financial system can cope with a hard Brexit – and the […]

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Oil firm Aker BP plans output, dividend hike

OSLO (Reuters) – Norway’s Aker BP will boost its dividend payments between now and 2023 and step up its investment spending in developing offshore oil and gas fields next year, the independent oil company said on Thursday. The result of a 2016 merger between the Norwegian operations of BP and the Det norske oil firm […]

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Cliff-edge Brexit financial stability risks manageable – Irish central bank

DUBLIN (Reuters) – The “cliff-edge” risks of a hard Brexit to the stability of the Irish financial system are manageable and its “most significant” firms are already executing contingency plans, Irish Central Bank Deputy Governor Ed Sibley said on Thursday. “I am satisfied that from a financial stability perspective the most material and immediate risks […]

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German finmin welcomes sign that U.S. and China to hold trade talks

BEIJING, Jan 17 (Reuters) – German Finance Minister Olaf Scholz said on Thursday he welcomed a sign that the United States and China were going to hold talks again on trade after the two world powers spent much of the past months embroiled in a trade conflict. “It is good that patience is paying off […]

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SE Asia Stocks-Philippines recovers as real estate stocks bounce back

* Singapore falls on disappointing export data * Indonesia edges higher; cenbank holds rate By Shreya Mariam Job Jan 17 (Reuters) – Most Southeast Asian stock markets rose on Thursday with Philippines leading the gains, while Singapore fell on disappointing December export data. A bounce-back in real estate stocks helped the benchmark Philippine index snap […]

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UPDATE 1-British stocks shrug off politics as results from Sage, ABF drive big moves

* FTSE 100 down 0.5 pct, FTSE 250 down 0.3 pct * ITV tumbles 7.7 pct after BAML downgrades broadcasters * Sage nabs top spot, up 5.7 pct after strong subscription growth * Primark owner ABF climbs after results (Updates prices, adds quotes, details, graphic) By Helen Reid LONDON, Jan 17 (Reuters) – Investors in […]

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Marex Spectron warned by executive of fraud risk -lawsuit documents

* Executive concerned about endorsed warehouse receipts * Marex said reassured by Glencore-owned warehouse By Eric Onstad LONDON, Jan 17 (Reuters) – Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalised a metals financing deal with French bank Natixis that triggered a $32 million lawsuit […]

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Lufthansa’s Austrian Airlines to spend $228 million to expand Airbus fleet

Planes of German air carrier Lufthansa are seen at Germany’s largest airport, Fraport, in Frankfurt, Germany, January 14, 2019. REUTERS/Kai Pfaffenbach VIENNA (Reuters) – Lufthansa’s (LHAG.DE) Austrian Airlines said on Thursday it will invest 200 million euros ($228 million) to expand its Airbus (AIR.PA) fleet to compete with fast growing low-cost carriers. Vienna Airport (VIEV.VI), […]

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ECB hawk Lautenschlaeger has not given up on 2019 rate hike -Politico

European Central Bank (ECB) executive board member Sabine Lautenschlaeger delivers her keynote speech during the annual regulatory conference of Austrian markets watchdog FMA in Vienna September 30, 2014. REUTERS/Heinz-Peter Bader (AUSTRIA – Tags: BUSINESS POLITICS HEADSHOT) BERLIN (Reuters) – A recent dip in euro zone inflation and growth was anticipated so it is not enough […]

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HK shares fall as warning signs flash on Chinese economy

* .HSI -0.5 pct, .HSCE -0.4 pct; losses across the board * Chinese 2019 GDP growth to slow to 6.3 pct: Reuters poll * Beijing says vice-premier to visit U.S.; shares unmoved HONG KONG, Jan 17 (Reuters) – The Hong Kong shares slid on Thursday as China’s economy looked poised to report its worst growth […]

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British stocks shrug off politics as results drive big moves

LONDON, Jan 17 (Reuters) – Investors in British stocks turned their focus from political to company developments on Thursday as results from software firm Sage, Primark owner ABF, and bookmaker GVC triggered big moves and weak house sales data dented shares in housebuilders. The FTSE 100 was down 0.4 percent by 0825 GMT, extending Wednesday’s […]

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UPDATE 2-SocGen says will take a hit from tough market conditions

* Lender to book 240 mln euros in asset sales-related charge * Tough market conditions to hit CIB arm * Sees flat dividend * SocGen shares fall, knocks down shares of rivals (Adds fund manager comment and more detail) By Sudip Kar-Gupta PARIS, Jan 17 (Reuters) – French bank Societe Generale said its fourth-quarter results […]

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UPDATE 1-Premier Foods sticks to FY profit view as Q3 revenue dips

(Adds details on outlook, debt, stock graphic and background) Jan 17 (Reuters) – Mr Kipling cakes maker Premier Foods Plc stuck to its full-year profit forecast even though logistics issues and oversupply dented overall sales in the third quarter. The maker of Bisto gravy and Oxo-cube also named finance chief Alastair Murray as acting chief […]