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BoE's Carney put on the spot by MPs over low-rate view

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LONDON Bank of England Governor Mark Carney faced a challenge from MPs on Tuesday over the way the Bank changed one of its fundamental assumptions about Britain's economy, which helps it justify keeping interest rates at a record low.

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Exclusive: China's Sinochem may sell 40 percent stake in Brazil's Peregrino oilfield - sources 11:16am GMT

SINGAPORE/NEW DELHI/BEIJING China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset because of historically low oil prices.

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Brazil's inflation likely to drop below 5 percent in mid-February -poll 2:05am GMT

BRASILIA Brazil's inflation rate probably eased below 5 percent in mid-February for the first time since 2012, a Reuters poll showed, putting the central bank very close to its long-missed target and keeping the door wide open for interest rate cuts.

Brazil's Meirelles says states to get three-year reprieve in debt deal 2:05am GMT

BRASILIA Brazilian Finance Minister Henrique Meirelles said cash-strapped states that sign up for a debt relief program would get three years to repay loans owed to the federal government and private banks as long as they commit to drastic spending curbs.

UPDATE 2-Brazil's Meirelles says states to get 3-year reprieve in debt deal 1:59am GMT

BRASILIA, Feb 20 Brazilian Finance Minister Henrique Meirelles said cash-strapped states that sign up for a debt relief program would get three years to repay loans owed to the federal government and private banks as long as they commit to drastic spending curbs.

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Brazilians Oscar, Hulk to make Asian Champions League bows 20 Feb 2017

SEOUL All eyes will be on new Brazilian international signings Oscar and Hulk when big spenders Shanghai SIPG begin their Asian Champions League Group F campaign at FC Seoul on Tuesday.

Soccer-Brazilians Oscar, Hulk to make Asian Champions League bows 20 Feb 2017

SEOUL, Feb 20 All eyes will be on new Brazilian international signings Oscar and Hulk when big spenders Shanghai SIPG begin their Asian Champions League Group F campaign at FC Seoul on Tuesday.

Brazil housing starts drop 21.5 pct in December -report 20 Feb 2017

SAO PAULO, Feb 20 Brazil's housing starts fell sharply in December following several months of improvement, an industry group said on Monday, indicating a still fickle pickup in real estate activity as the economy edges closer to a recovery.

Vale readies for diluted ownership as partners renew accord 20 Feb 2017

SAO PAULO, Feb 20 Brazilian miner Vale SA will become a company with dispersed share ownership, it said on Monday, in a move aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer.

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How much, not if: case for lower Brazil inflation goal strengthens - Reuters Poll 20 Feb 2017

BRASILIA A strong consensus has emerged among economists over the likelihood of a lower inflation goal in Brazil, even though the first target reduction in more than a decade is likely to be a small one, a Reuters poll showed on Friday.

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Iraqi forces fighting Islamic State set to storm airport, clear way to western Mosul

SOUTH OF MOSUL, Iraq, BAGHDAD U.S.-backed Iraqi forces closing in on the Islamic State-held western half of Mosul prepared on Tuesday to storm the airport and a nearby military base on its southern outskirts to create a bridgehead for a thrust into the city.