News Wire

France's EDF buys 49 pct stake in Conergies Group

11h56 French state-controlled power utility EDF has bought a 49 percent stake for an undisclosed amount in African company Conergies Group.  Full story

U.S. yields hold rise as Wall Street opens higher

17h03 U.S. Treasury yields held their earlier gains on Wednesday as Wall Street opened higher on strong company results, reducing safe-haven demand for U.S. government bonds.. . .  Full story

Huawei executive can make good case against extradition -Canada envoy

17h01 A top executive from Huawei Technologies Co Ltd can make a good case against being extradited to the United States, in part due to remarks made by U.S. President Donald Trump, Canada's ambassador to. . .  Full story

Oil up on supply outlook but slowdown worries weigh

16h55 Oil prices rose on Wednesday as U.S. crude stocks fell and official data indicated slowing growth in U.S. shale oil output in the coming years.. . .  Full story

U.S. oil firms tell OPEC their growth will slow

16h52 U.S. oil producers sought on Wednesday to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts.. . .  Full story

Brazil stocks rise in broad-based rally, soft dollar lifts Latam currencies

16h47 Stocks in Brazil's benchmark index rose on Wednesday to near record-high levels, tracking broad-based gains in global equities as investors returned to riskier assets and on recovering oil prices. A weaker. . .  Full story

Argentine c.bank chief says looking at forex purchase limit

16h46 Argentine Central Bank Governor Guido Sandleris said on Wednesday that the bank's monetary policy committee would be looking at its current daily limit on foreign exchange purchases of up to $50 million.. . .  Full story

Merkel calls for global cooperation to reach 'win-win outcomes'

16h43 German Chancellor Angela Merkel delivered a robust defence of the post-war multilateral order on Wednesday, lauding compromise as a virtue in international relations in a veiled criticism of U.S. President Donald Trump.. . .  Full story

Pakistan unveils tax cuts, incentives to boost growth

16h41 Pakistani Finance Minister Asad Umar unveiled a package of measures on Wednesday to boost exports and investment and help Islamabad address a severe balance of payments squeeze that has forced it to turn to. . .  Full story

TSX opens higher on gains in consumer discretionary, energy shares

16h41 Canada's main stock index opened higher on Wednesday, driven by gains in shares of consumer discretionary and energy companies.. . .  Full story

Kenya to restrict second-hand imports to boost domestic car sector

16h36 Kenya plans to restrict imports of second-hand cars to newer vehicles in an effort to boost the domestic automotive sector by reducing the dominance of the used car market.. . .  Full story

Strong earnings boost Dow at the open

16h35 Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second biggest decline in. . .  Full story

C$ firms with oil but gains tempered by weak retail sales data

16h33 The Canadian dollar edged higher against its U.S. counterpart on Wednesday, recovering from an earlier two-week low, as gains for stocks and oil prices offset domestic data showing a bigger-than-expected drop in domestic retail sales.. . .  Full story

Former Barclays bosses hid 322 mln pounds in Qatar fees in 2008, court told

16h31 Four former Barclays executives conspired to commit fraud by hiding 322 million pounds of payments to Qatar in return for cash injections in 2008, a prosecutor alleged at the opening of one of London's most. . .  Full story

EU's Barnier says no-deal Brexit is default scenario

16h24 European Union's Brexit negotiator Michel Barnier said on Wednesday that no-deal Brexit was the default scenario and the fact that majority of the House of Commons was against it would not prevent it from. . .  Full story

Brazilian state eyes more tax breaks for automakers -newspaper

16h20 The governor of Brazil's Sao Paulo state said additional tax breaks may be extended to all automakers operating in the state, newspaper Valor Economico reported on Wednesday, suggesting that pressure from General Motors Co could. . .  Full story

Shutdown enters 33rd day as U.S. Senate prepares to vote on funding

16h18 There was no sign of relief on Wednesday for 800,000 federal workers going without pay because of the partial government shutdown as the U.S. Senate scheduled votes on competing proposals facing steep odds to. . .  Full story

Deripaska debt to VTB not written off under En+ sanctions deal -Interfax

16h14 VTB Bank is not writing off debt owed by Oleg Deripaska under a deal to lift U.S. sanctions from Russia's En+ Group, VTB First Deputy CEO Yuri Soloviev was quoted as saying by Interfax. . .  Full story

Unwinding a Big Short: Sterling finds even keel as Brexit endgame plays out

16h09 Selling pounds has been a favourite game of the $5.1 trillion-a-day global currency market for over two years. But as the Brexit endgame plays out and 'worst case' scenarios ebb, market metrics and dynamics. . .  Full story

Up to Britain to define post-Brexit ties with EU- Merkel

16h03 Germany and its European Union partners have an interest in a close relationship with Britain after it leaves the bloc, Chancellor Angela Merkel said on Wednesday, adding that it was now up to London. . .  Full story

RWE shares up on hopes for higher coal exit compensation

16h03 Shares in RWE, Germany's largest power producer, rose almost 5 percent on Wednesday at the prospect of higher compensation should coal-fired power stations be shut down early.. . .  Full story

United Tech profit jumps on aerospace, tax boosts

16h02 United Technologies Corp beat analysts' estimates for fourth-quarter profit on Wednesday, boosted by a lower tax rate and double-digit sales growth at its aerospace businesses, sending the industrial conglomerate's shares up 5 percent.. . .  Full story

Russian oil output edges up to 11.39 mln bpd during Jan. 1-22 -source

15h56 Russia slightly increased its oil production to 11.39 million barrels per day (bpd) on average between Jan. 1 and Jan 22, a source familiar with the Energy Ministry data told Reuters on Wednesday.. . .  Full story

India to spend 6.5 pct more on food subsidies in FY 2019-20 - sources

15h51 India is poised to raise the subsidies for the world's biggest food welfare programme by 6.5 percent for the fiscal year beginning April 1, the smallest increase in three years, in the nation's interim. . .  Full story

P&G raises forecast on strength of skin care, detergent brands

15h49 Procter & Gamble Co raised its full-year sales forecast and beat Wall Street estimates for quarterly revenue and profit on Wednesday, driven by price increases and robust demand for detergent and premium skin care brands.. . .  Full story

Italy's Popolare Bari studying tie-up with other southern banks-sources

15h48 Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian. . .  Full story

Germany to fund research facility for EV battery technology

15h45 The German government will fund a research facility to offer firms in Germany know-how to develop battery cells for electric vehicles (EVs), the science minister said on Wednesday, seeking to compete with Asian producers. . .  Full story

Aluminium trades near one-month high on signs of tighter LME market

15h45 Aluminium climbed to a one-month high on Wednesday as signs of a rise in demand caused by a fall in inventories on the London Metal Exchange attracted buyers.. . .  Full story

Dollar soft but holds near 3-week highs

15h41 The dollar edged lower but held within sight of a three-week high on Wednesday as firmer stock markets and commodity currencies such as the Australian dollar prompted investors to trim their long dollar positions.. . .  Full story

U.S. soybeans steady as Brazil weather, China talks weighed

15h40 Chicago soybean futures edged higher on Wednesday as traders assessed the risk of further yield losses due to dry conditions in Brazil while monitoring U.S.-China trade talks for signs of any fresh export deals.. . .  Full story

Financials lift Dubai, most major Gulf markets gain

15h36 The Dubai stock market snapped a three day losing streak on Wednesday, boosted by its financial and property shares, while Saudi Arabia rose on the back of its banks. The Dubai. . .  Full story

Italy's Salvini hopes Macron's support dwindles at EU elections

15h32 Italian Deputy Prime Minister Matteo Salvini said on Wednesday he hoped the French people would not choose President Emmanuel Macron's party in European parliament elections later this year, drawing a sharp response from officials in. . .  Full story

Leu hits record low on tax worry, dovish comments hurt crown

15h32 Worries over Romania's new taxes sent the leu to another record low on Wednesday, while the crown set a 3-week low after dovish comments from Czech central bank rate setter Tomas Holub.. . .  Full story

Russia's Lukoil opposes prolonged global oil output cuts

15h30 The global oil output cut should not be prolonged, the head of Russia's second biggest oil producer, Lukoil, said on Wednesday, Interfax news agency reported.. . .  Full story

Stocks reverse losses in fragile rebound; U.S. dollar falls

15h29 Global markets recovered from earlier losses on Wednesday as investors made a cautious return to riskier assets, with U.S. futures and European stocks higher even as worries about corporate and economic growth lingered.. . .  Full story

Norway wealth fund bought stakes in U.S. logistics properties

15h29 Norway's sovereign wealth fund, the world's biggest, has bought six logistics properties in Chicago, Nashville and Orlando together with real estate partner Prologis, the fund said on Wednesday.. . .  Full story

South Africa president assures central bank independence

15h28 South African President Cyril Ramaphosa pledged on Wednesday that his government would not interfere with the independence of the Reserve Bank, despite a proposal by the ruling party to broaden its focus to boost employment. . .  Full story

No let-up in Chinese semiconductor demand, supplier ASML says

15h17 Chinese demand for semiconductor manufacturing equipment has not slackened, despite a slowdown in the country's economic growth and trade frictions with the United States, the chief executive of toolmaker ASML Holding NV told Reuters on. . .  Full story

DAVOS-Italy's Tria keeps door open to Weidmann's ECB bid

15h16 Italy's economy minister kept the door open on Wednesday to the potential appointment of Bundesbank President Jens Weidmann as next head of the European Central Bank, saying past stances should not weigh on the decision.. . .  Full story

Newcomers pile into race for Qatar LNG

15h09 Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway's Equinor and Italy's Eni, industry sources. . .  Full story

Russia's Alrosa says sales down in January - Interfax

15h07 Sales by Russia's Alrosa , the world's largest producer of rough diamonds in carat terms, are lower than a year ago so far in January, its chief executive was quoted as saying by Interfax. . .  Full story

Gold steady as growth concerns and trade spat weigh on equities

15h05 Gold held steady on Wednesday after posting its best daily gain in two weeks in the previous session, with investors drawn to bullion as global equities slipped on economic growth fears and the U.S.-China. . .  Full story

Metro Bank shares crash as risky mortgage bets raise cash call fears

15h02 Metro Bank shares lost a third of their value on Wednesday after the British lender announced a sharp rise in exposure to higher-risk mortgages and said profits would be hit by slowing growth, raising. . .  Full story

-Japan's Abe to put trade, climate at top of G20 to-do list

14h51 Japanese Prime Minister Shinzo Abe said on Wednesday he will seek to use his chairmanship of the Group of 20 leading economies to rebuild trust in the global trade system and foster consensus. . .  Full story

DAVOS-Russia says oil price war with U.S. would be too costly

14h44 Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main. . .  Full story

Italy minister Tria says crisis banks pose no systemic threat

14h42 Italian Economy Minister Giovanni Tria said on Wednesday he sees no systemic threat from lenders Monte dei Paschi, Carige or Popolare di Bari but is following developments.. . .  Full story

Tria says Italy will hit budget goal, no need for correction

14h38 Italy will meet its key budget deficit target for this year and there is no need for any corrective measures to prevent an overshoot, Economy Minister Giovanni Tria said on Wednesday.. . .  Full story

The World Economic Forum at Davos

14h37 World leaders and top CEOs meet at Davos in Switzerland this week to discuss how to steer policy amid worries of slowing economic growth, damaging trade wars and Brexit. Reuters. . .  Full story

EU will do all it can to avoid hard Irish border after Brexit - Commission

14h36 The European Union's executive said on Wednesday the bloc would do its utmost to avoid extensive border controls between EU member state Ireland and the British province of Northern Ireland regardless of how Brexit goes,. . .  Full story

Marex Spectron to acquire Energy Broking Ireland Ltd

14h32 Commodities broker Marex Spectron said on Wednesday it has agreed to acquire Dublin-based Energy Broking Ireland Ltd (EBI), in a deal expected to be completed in February.. . .  Full story

Malaysia could curb French purchases if palm oil use restricted

14h30 Malaysia will consider laws to restrict imports of French products if Paris does not withdraw plans to curb the use of palm oil in biofuels, Prime Minister Mahathir Mohamad said in a letter to. . .  Full story

Davos - Total CEO says influx of U.S. oil exports could weigh on prices

14h20 An expected increase in U.S. oil exports could weigh on oil prices towards the end of the year, the chief executive of French energy company Total said on Wednesday.. . .  Full story

INSIGHT-U.S. airlines tap army helicopter pilots to ease shortage

14h00 U.S. Army pilot Shaun Perez spent ten hours flying an Apache helicopter over Afghanistan, providing gun cover for Special Forces soldiers on the ground as they hunted for high-value targets, guns and weapons.. . .  Full story

Sri Lanka rupee edges down on importer, state bank dollar demand

13h43 ** Sri Lanka's rupee closed slightly weaker on Wednesday due to dollar demand from importers and state banks, while investors remained cautious over debt repayment by the government. ** Stocks edged higher from an eight-week. . .  Full story

Orsted says grid sale setback will not stop expansion

13h40 A setback for Danish energy group Orsted's plans to sell its domestic power network and private customer businesses will not derail its global expansion drive, the company's head of offshore wind said on Wednesday.. . .  Full story

Edouard Carmignac relinquishes full control of flagship Carmignac fund

13h33 Veteran French fund manager Edouard Carmignac has handed over full control of his company's flagship Carmignac Patrimoine fund to two colleagues, in line with plans set out last year.. . .  Full story

China approves plan for new tech exchange in Shanghai - Xinhua

13h17 China has approved a plan to set up a Nasdaq-style board for tech companies in Shanghai aimed at improving their ability to raise funds, the official Xinhua news agency reported on Wednesday.. . .  Full story

Britain's FTSE falls again as weak results add to global economic worries

13h15 UK shares fell on Wednesday as fresh worries about slowing global economic growth weighed on oil and financial stocks, with Metro Bank losing almost a third of its value after missing profit forecasts.. . .  Full story

Sterling rises after UK's Labour backs bid to avoid no-deal Brexit

13h13 Sterling rose above $1.3 on Wednesday after Britain's opposition Labour Party said it was "highly likely" to back an attempt by lawmakers to prevent a disorderly no-deal Brexit.. . .  Full story

India's InterGlobe Aviation Q3 profit plunges as crude prices weigh

13h11 InterGlobe Aviation Ltd, owner of India's biggest airline by market share IndiGo, said its third-quarter profit slumped 75 percent, dragged down by higher crude prices and intense competition.. . .  Full story

Santander plans to axe a fifth of its UK branch network

13h11 Santander on Wednesday announced plans to shut almost a fifth of its branch network in Britain, expected to result in around 840 job losses.. . .  Full story

Japan's Abe calls for transition period in Britain's exit from EU

13h11 Japanese Prime Minister Shinzo Abe said on Wednesday he hopes there is a transitional period for Britain's exit from the European Union as many Japanese companies have made investment inroads into the country.. . .  Full story

Shutdown enters 33rd day with no breakthrough in sight as U.S. Senate sets votes

13h00 There was no sign of quick relief for 800,000 federal workers going without pay because of the partial government shutdown as the U.S. Senate scheduled votes on competing proposals to end the month-long impasse. . .  Full story

-Trump won't soften hardline on China to make trade deal-advisers

13h00 As much as U.S. President Donald Trump wants to boost markets through a trade pact with China, he will not soften his position that Beijing must make real structural reforms, including how it handles. . .  Full story

Euro zone bond yields slip after BoJ signals stimulus set to stay

12h50 Most euro zone bond yields fell on Wednesday after the Bank of Japan set the tone for further easing ahead by warning of rising risks to its economy, and ahead of Thursday's European Central. . .  Full story

Burberry says would pay a high price for no-deal Brexit

12h49 Britain's premier luxury brand Burberry said a no-deal Brexit would cost it tens of millions of pounds in tariffs and severely disrupt the movement of fabrics and finished products between its suppliers, manufacturing centres and. . .  Full story

China's CNOOC boosts spending target to 5-yr high, increases domestic drilling

12h44 China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's. . .  Full story

UK watchdog flags possible ban on some crypto-related trading

12h37 Britain's markets watchdog said on Wednesday it would consult later in the year on a proposed ban on selling derivatives linked to certain types of crypto assets to retail customers.. . .  Full story

Gin, coffee sales give Wetherspoon Christmas cheer

12h35 British pub operator JD Wetherspoon Plc said it enjoyed strong sales over the Christmas period, helped by Britons' new-found fondness for gin and solid demand for coffee drinks.. . .  Full story

China's Xi says to push reforms in key areas - Xinhua

12h27 China's President Xi Jinping said on Wednesday that Beijing will push forward reforms in key areas, the official Xinhua news agency reported.. . .  Full story

Gazprom Neft considering LNG production in Russia's Arctic

12h17 Gazprom Neft, the oil arm of Russian gas giant Gazprom, is studying the possibility of its own liquefied natural gas (LNG) production in the Arctic as it tries to monetise its vast natural gas reserves.. . .  Full story

Deutsche faces questions from authorities investigating Danske

12h16 Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank.. . .  Full story

China's Union Life to sell majority stake, draw local, overseas bidders -sources

12h16 China's Union Life Insurance is planning to sell a controlling stake that could be snapped up by locals or foreigners looking to tap into the country's growing demand for insurance products, three people familiar with. . .  Full story

SE Asia Stocks-Malaysia falls ahead of cenbank policy meeting; Thailand gains 1 pct

12h14 Malaysian shares fell on Wednesday, underperforming other Southeast Asian markets ahead of a central bank policy meeting and December inflation data, while Thai stocks rose 1 percent with almost all sectors in positive territory.. . .  Full story

-EU's Moscovici says ball in UK court on Brexit

12h07 European Union Economic Affairs Commissioner Pierre Moscovici said on Wednesday that the risk of a no-deal Brexit had increased in last few weeks and it was up to the British to tell the EU. . .  Full story

European shares dip as Ingenico and Metrobank add to macro gloom

11h57 European shares dipped on Wednesday morning as a new batch of corporate updates prompted fresh concerns, particularly on the tech sector, and added to worries about a global growth slowdown and Sino-U.S. trade negotiations.. . .  Full story

Iran discovers oil in Abadan region -minister

11h56 Iran has discovered oil in the southwestern Abadan region for the first time, Oil Minister Bijan Zanganeh was quoted as saying by the Mehr news agency on Wednesday.. . .  Full story

Emerging market stocks dip on global trade worries, FX holds firm

11h49 Emerging market stocks dipped on Wednesday as fresh doubts over progress in U.S.-China trade talks and global growth concerns weighed, while developing world currencies held firmed against a resurgent dollar.. . .  Full story

DAVOS-UK's Fox to press trade ministers over replicating EU agreements

11h38 British trade minister Liam Fox will use a two-day trip to the World Economic Forum in Davos to meet ministers from around the world to discuss rolling over existing EU trade agreements after Britain. . .  Full story

France opens 300 MW solar tender in Fessenheim nuclear conversion plan

11h35 The French government said it has opened bids for a 300 megawatt solar power project as part of the conversion programme for its Fessenheim nuclear power plant that is due to be decommissioned by. . .  Full story

-Apollo Global to buy packaging group RPC for 3.3 bln pounds

11h25 Apollo Global Management is to buy packaging products maker RPC Group for 3.3 billion pounds ($4.28 billion) in cash after months of negotiations, marking the latest M&A deal for an industry in the midst. . .  Full story

BOJ maintains massive stimulus as Kuroda warns of growing risks

11h24 The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus programme, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand.. . .  Full story

India's Jet Airways remains in an air pocket

11h22 Cash-strapped Jet Airways Ltd has flown straight into a storm, resulting in a major setback for India's largest full-service airline that could shake up the country's aviation industry.. . .  Full story

China's Evergrande sells $3 bln in bonds, yields top 10 pct

11h17 China Evergrande Group , one of China's most indebted property developers, sold $3 billion in dollar bonds on Wednesday in Asia's biggest offshore high-yield bond sale so far this year.. . .  Full story

Subaru halts bulk of global car output over part defect

11h14 Subaru Corp said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a. . .  Full story

Retailer Carrefour's shares climb after reassuring Q4 sales

10h48 Carrefour's shares rose on Wednesday, after the French supermarket retailer expressed confidence in its strategy plan even though sales growth slowed slightly in the fourth quarter due to anti-government protests in France.. . .  Full story

Shares of Egypt's SODIC, MNHD suspended after merger called off

10h47 Egypt's stock exchange suspended trading on Wednesday in the Sixth of October Development and Investment Company (SODIC) and Madinet Nasr for Housing and Development (MNHD) after the two firms called off a planned merger.. . .  Full story

Hong Kong shares end flat; H-shares up on stimulus hopes

10h41 Hong Kong's main Hang Seng index ended flat on Wednesday, while the China H-shares index rose, as optimism over stimulus measures to boost economic growth in China offset concerns about the tepid outlook for. . .  Full story

European companies' Q4 earnings estimates slashed again -Refinitiv data

10h41 European companies listed on the STOXX 600 index are expected to report a 4.8-percent rise in earnings per share (EPS) in the fourth quarter, sharply lower than forecasts last week, according to I/B/E/S Refinitiv.. . .  Full story

China's December grain imports plunge amid trade disputes -customs

10h36 China's imports of livestock feed grains sorghum and barley shrank further in December, customs data showed on Wednesday, as Beijing's trade disputes with major exporters continued to shrivel demand.. . .  Full story

States, savings banks near accord over NordLB recapitalisation -source

10h22 German regional states and savings banks are nearing an accord over the recapitalisation of public sector lender NordLB, a person close to the matter said.. . .  Full story

China imports record LNG supplies in Dec, remains world's No.2 buyer in 2018

10h12 China's imports of liquefied natural gas (LNG) in December soared 25 percent from the same period a year earlier to a monthly record of 6.29 million tonnes, customs data showed on Wednesday.. . .  Full story

China's Baidu pledges to improve search service after complaint

10h05 China's top search engine Baidu Inc said on Wednesday it will improve its media aggregating service after a complaint about the quality of the service and its search results went viral on social media, helping. . .  Full story

First Quantum Minerals scraps plan to cut jobs in Zambia

10h05 Canadian mining firm First Quantum Minerals says it has ended plans to layoff 2,500 workers in Zambia due to higher tax plans and will continue to dialogue with the government over. . .  Full story

Antofagasta posts record quarterly production

10h00 Chilean copper miner Antofagasta Plc ended the year with annual output at the higher end of its forecast, boosted by record fourth-quarter production as well as better grades and output at its Centinela mine.. . .  Full story

China's trade with North Korea falls 51 pct in 2018

09h56 China's trade with North Korea fell 51.2 percent to $2.43 billion in 2018, customs data showed on Wednesday.. . .  Full story

Don't break your Hong Kong piggy bank, CLSA cautions investors

09h44 Investors should focus on "limiting losses rather than chasing large gains" in the Year of the Pig, which will be a roller-coaster year for Hong Kong's stock market, according to brokerage CLSA.. . .  Full story

Fujairah joins other ports to tighten exhaust rules ahead of 2020 fuel rules

09h43 Fujairah in the United Arab Emirates has become the latest major port to ban a type of fuel exhaust cleaning system to comply with a coming tightening in rules regarding global sulphur emissions, mirroring. . .  Full story

S.Korean stocks, won rise on relief over trade talks; China to step up stimulus

09h26 Round-up of South Korean financial markets:. . .  Full story

China stocks end nearly flat as trade woes offset stimulus hopes

09h22 China's major stock indexes ended nearly flat on Wednesday, as hopes of more stimulus measures to shore up economic growth were offset by worries over the Sino-U.S. trade dispute.. . .  Full story

Apollo Global to acquire RPC for 3.3 bln pounds

09h15 RPC Group said on Wednesday Apollo Global Management agreed to buy Europe's biggest plastics packaging maker for 3.3 billion pounds ($4.28 billion) in cash, ending months of negotiations.. . .  Full story

-Brazil's Bolsonaro uses Davos speech to appeal to big business

09h10 Brazil's new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of. . .  Full story

Egypt's fuel subsidy bill drops nearly 15 pct Y/Y in July-Dec - minister

09h05 Egypt's fuel subsidy bill stood at around 43.5 billion Egyptian pounds ($2.43 billion) in July-December last year, Oil Minister Tarek El Molla told Reuters on Wednesday, 14.7 percent down on the same period in 2017.. . .  Full story