Gold Slips As Coronavirus Worries Ebb

Lebanon's banking association calls for paying March Eurobond on time

BEIRUT, Feb 12 (Reuters) – Lebanon’s banking association said on Wednesday it was necessary to repay a $1.2 billion Eurobond maturing in March on time to protect depositors and preserve the country’s place in international financial markets.

The association said in a statement that debt restructuring requires time and the assistance of international institutions. It said very little time remains before the maturity on March 9, which does not allow for preparation and “competent handling.” (Reporting by Ellen Francis Editing by Samia Nakhoul)

Encampment at B.C. Legislature ends following day of protest

Supporters of the Wet’suwet’en Hereditary chiefs have packed up their encampment at the B.C. Legislature.

A group of Indigenous youth have been sleeping on the Legislature’s steps since Thursday.

On Tuesday, hundreds of protestors and supporters joined the Indigenous youth in a bid to disrupt the Speech from the Throne and the work being done in the Legislature.

Suspected letter bombs hit two Dutch buildings, no injuries

AMSTERDAM (REUTERS) – Suspected letter bombs went off in the mail room of an office building in Amsterdam and at a post-sorting company in the Dutch city of Kerkrade early on Wednesday (Feb 12), police said.

No injuries were reported in either blast, police added.

Dutch police have been investigating a spate of letter bombs since Jan 3, which they said appeared to have been sent by the same person. Previous targets have included a hotel, a gas station, a garage, a real estate agent and a bill collection service.

Turkish delegation will visit Moscow to discuss Syria's Idlib: minister

ANKARA (Reuters) – A Turkish delegation will go to Moscow in coming days to discuss the escalating conflict in Syria’s Idlib region, Foreign Minister Mevlut Cavusoglu said Wednesday, adding that around 1 million people had been displaced there due to Russian-backed Syrian attacks.

Speaking at a news conference in Tirana, Cavusoglu also said Germany had provided Turkey with 40 million euros ($44 million) in support of Turkish plans to settle Syrians fleeing from Idlib.

Brazil education company Cogna prices share offering at 11 reais apiece – filing

SAO PAULO, Feb 12 (Reuters) – Brazilian education company Cogna Educação SA has priced a share offering at 11 reais per share, according to a securities filing on Wednesday.

The company said it raised 2.5 billion reais ($577 million) in the offering, with part of the proceeds earmarked for acquisitions, according to the filing. ($1 = 4.3318 reais) (Reporting by Ana Mano, Editing by Louise Heavens)

Bill O’Reilly’s Andrew Yang Taunt Backfires Spectacularly On Twitter

Disgraced former Fox News host Bill O’Reilly resurfaced on Twitter to send off Andrew Yang, who ended his presidential campaign on Tuesday after an 8th place finish in the New Hampshire primary.

Although Sen. Bernie Sanders (I-Vt.) won in the Granite State, O’Reilly suggested that Yang should still follow through with his proposed universal basic income idea of giving all Americans $1,000 a month ― and pay for it himself: 

Given that O’Reilly has paid at least $45 million to settle multiple sexual harassment claims ― including $32 million to a former Fox News analyst ― the tweet didn’t exactly go over well: 

Suspected letter bombs hit two Dutch buildings, no injuries: police

AMSTERDAM (Reuters) – Suspected letter bombs went off in the mail room of an office building in Amsterdam and at a post-sorting company in the Dutch city of Kerkrade early on Wednesday, police said.

No injuries were reported in either blast, police added.

Dutch police have been investigating a spate of letter bombs since Jan. 3, which they said appeared to have been sent by the same person. Previous targets have included a hotel, a gas station, a garage, a real estate agent and a bill collection service.

AllianceBernstein Holding L.P. Q4 adjusted earnings Beat Estimates

AllianceBernstein Holding L.P. (AB) reported earnings for its fourth quarter that advanced from last year.

The company’s profit totaled $248.87 million, or $0.84 per share. This compares with $188.05 million, or $0.63 per share, in last year’s fourth quarter.

Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $81.28 million or $0.85 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 22.7% to $987.30 million from $804.66 million last year.

AllianceBernstein Holding L.P. earnings at a glance:

-Earnings (Q4): $81.28 Mln. vs. $60.95 Mln. last year.
-EPS (Q4): $0.85 vs. $0.64 last year.
-Analysts Estimate: $0.70
-Revenue (Q4): $987.30 Mln vs. $804.66 Mln last year.

Gold Slips As Coronavirus Worries Ebb

Gold prices fell slightly on Wednesday as equities rose amid hopes the coronavirus outbreak in China may be starting to plateau.

Hopes of additional stimulus measures from China as well as recent data indicating continued strength in the U.S. economy also helped improve demand for riskier assets.

Spot gold slid 0.2 percent to $1,564.79 per ounce, while U.S. gold futures were down 0.15 percent at $1,567.85.

According to data through Tuesday, the growth rate of new coronavirus cases in China has slowed to the lowest since Jan. 30.

U.S. President Donald Trump said Chinese President Xi Jinping told him the deadly virus will be gone by April as temperatures begin rising.

The new outbreak is hitting a peak and may be over by April, Zhong Nanshan, an 83-year-old epidemiologist who won fame for combating the SARS epidemic in 2003, said in an interview with Reuters.

The optimism comes as the death toll from the epidemic climbed past 1,100 and the World Health Organization (WHO) warned of a “very grave threat for the rest of the world”.

The WHO has named the disease caused by the virus as COVID-19, avoiding any animal or geographic designation to avoid stigmatization and to show the disease comes from a new coronavirus discovered in 2019.

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, despite a potential threat from the coronavirus outbreak in China.