MEXICO CITY, Feb 27 (Reuters) - Mexican bottler and retailer Fomento Economico Mexicano (Femsa) on Tuesday said net profit fell more than 70 percent in the fourth quarter, hit by the revaluation of assets in its Venezuelan Coca-Cola bottling operation.Net profit in the October to December period was more than 1.83 billion pesos ($93 million), down from nearly 6.7 billion pesos in the same period o...Read More

(Adds analyst comment)By Miguel GutierrezMEXICO CITY, Feb 27 (Reuters) - Equities and currencies fell across Latin America on Tuesday after new Federal Reserve Chairman Jerome Powell said his personal outlook for the U.S. economy had strengthened since December.In remarks to the U.S. House of Representatives Financial Services Committee, newly appointed Powell added that recent data had increased...Read More

Director of Operations William Douglas from 2D Layer tells Proactive Investors at the Graphene for U.S. 2018 Conference in New York that they have produced their atomically thin semi conducting material to industry scale level.Douglas says 2DLayer is looking for their second round of investment of $15 - $20 mln in the near future for further production.  Meet Scancell Holdings Plc, Advanced B...Read More

* Canadian dollar at C$1.277* The price of oil falls 1.6 percent(Updates quotes, prices, news)By Kate DuguidNEW YORK, Feb 27 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Tuesday as the greenback rose on the release of testimony that showed new U.S. Federal Reserve Chairman Jerome Powell will continue on the gradual monetary rate path pursued by his predecessor Janet Yel...Read More

All eyes were on Fed Chair Jerome Powell today for his first congressional testimony, and stocks tumbled as a result. Powell sparked a risk-off approach from investors by suggesting the central bank could raise interest rates more than three times this year, if necessary. He also said recent economic data gives him more confidence inflation will increase going forward. This resulted in rising bond...Read More

Feb 28 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,056.90014.723NZX 50**8,356.37 -4.01DJIA**25,410.03-299.24 NIKKEI**22,389.86236.23Nasdaq**7,330.354-91.11FTSE**7,282.45 -7.13S&P 500** 2,744.28 -35.32Hang Seng** 31,268.66-229.94SPI 200 Fut 6,001-35.00STI** 3,540.39 -15.46SSEC**3,291.5253 -38.05KOSPI** 2,456.14 -1.51-------------------------------------------------...Read More

Feb 28 (Reuters) - Australian shares are seen opening lower on Wednesday following a weak lead from Wall Street overnight, and as material and energy stocks may face some pressure from falling iron ore and oil prices.The local share price index futures fell 0.6 percent, or 35 points to 6,001, a 55.9-point discount to the underlying S&P/ASX 200 index close. The benchmark closed 0.2 percent lowe...Read More

TORONTO, Feb 27 (Reuters) - Canada's main stock index fell on Tuesday as weakness in the prices of gold, silver and oil weighed on shares of mining and energy companies.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 43.51 points, or 0.28 percent, at 15,671.15. (Reporting by John Tilak Editing by James Dalgleish)Keywords: CANADA STOCKS/CLOSE Disclaimer: The views...Read More

Fed's Powell testimony lift hopes for a fourth rate hike this year. Spot gold challenging a three-week low. Fed head Powell's testimony is giving the greenback a nice boost against all of its major rivals, with gold breaking below $1,320.00 a troy ounce, currently at 1,316.80, challenging a three-week low and pressuring the 38.2% retracement of its December/January rally. The American doll...Read More

* Fed's Powell strikes hawkish tone in 1st testimony* Traders brace for German, Italian political developments (Recasts lead; adds comment and FX table; updates prices)By Saqib Iqbal Ahmed and Gertrude Chavez-DreyfussNEW YORK, Feb 27 (Reuters) - The dollar hit a three-week peak on Tuesday after Federal Reserve Chairman Jerome Powell's remarks before U.S. lawmakers suggested a willingness to adopt...Read More

NEW YORK, Feb 27 (Reuters) - U.S. stocks suffered their biggest daily drops since the sell-off almost three weeks ago after comments from Federal Reserve Chairman Jerome Powell on Tuesday sparked concerns about more interest-rate increases than expected this year.The Dow Jones Industrial Average fell 299.24 points, or 1.16 percent, to 25,410.03, the S&P 500 lost 35.32 points, or 1.27 percent,...Read More

SEOUL, Feb 28 (Reuters) - South Korean manufacturers' business confidence weakened a bit for March, a central bank survey showed on Wednesday.The Bank of Korea's manufacturing business survey index (BSI) for March stood at 79 on a seasonally adjusted basis, down marginally from 80 in February. But a March reading that was not adjusted for seasonal factors rose 82 from 77 a month earlier, clouding...Read More

* Powell sees U.S. economy strengthening since December* Powell downplays risk signaled by a flattening yield curve* Powell sticks to Fed's gradual rate-hike stance* U.S. durable goods fall again, consumer mood hits 17-year high (Updates market action, adds quote)By Richard LeongNEW YORK, Feb 27 (Reuters) - The margin between U.S. shorter- and longer-dated yields narrowed on Tuesday after Federal...Read More

BRASILIA, Feb 27 (Reuters) - Fernando Segovia, the director general of Brazil's federal police who spearhead the country's sprawling corruption cases, was replaced on Tuesday, the press office of the newly created Public Security Ministry said. Segovia, who took office in November, came under pressure from prosecutors, federal police investigators and media after he told Reuters in an interview ea...Read More

Eureka Resources (TSXV:EUK) ('Eureka' or the 'Company') is pleased to announce that it has signed an amalgamation agreement dated February 24, 2018 (the 'Agreement') with Kore Mining Ltd.Read full newsRead More

U.S. stocks have struggled today, as markets digest new Fed Chair Jerome Powell's latest comments in Washington, D.C. Among specific equities trading lower are drug store stock Walgreens Boots Alliance Inc (NASDAQ:WBA), generic drugmaker Akorn, Inc. (NASDAQ:AKRX), and health products retailer Vitamin Shoppe Inc (NYSE:VSI), Here's a closer look at what shares of WAG, AKRX, and VSI are reacting to...Read More

WASHINGTON, Feb 27 (Reuters) - Uranium miner Energy Fuels said on Tuesday it has won federal approvals to expand operations at two mines in southeastern Utah, after years of challenges from conservation groups worried about radon gas emissions.The Bureau of Land Management and the U.S. Forest Service last week approved the expansion of the company's La Sal complex near the Manti-La Sal National Fo...Read More

WASHINGTON, Feb 27 (Reuters) - Uranium miner Energy Fuels said on Tuesday it has won federal approvals to expand operations at two mines in southeastern Utah, after years of challenges from conservation groups worried about radon gas emissions.The Bureau of Land Management and the U.S. Forest Service last week approved the expansion of the company's La Sal complex near the Manti-La Sal National Fo...Read More

BUENOS AIRES, Feb 27 (Reuters) - Argentina's central bank held its benchmark seven-day interbank lending rate at 27.25 percent on Tuesday, the monetary authority said in a statement, citing expectations February inflation would be higher than recent months.The central bank has held rates twice in a row after two cuts following the government's decision to loosen its 2018 inflation target to 15 per...Read More

Milan Patel, chief executive at dotdigital Group PLC (LON:DOTD), tells Proactive they're on course to meet full-year expectations after what he describes as a "transformational" first half of the fiscal year.Revenue in the six months to December 31, 2017, surged to ?18.77mln from ?14.98mln the year before.Organic revenue grew 17% to ?17.5mln from ?15mln the previous year.  Meet Scancell H...Read More