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  • Dec 26- Amazon.com Inc said more than 10 million new members worldwide tried its Prime subscription service for the first time during the current holiday season. Amazon Prime users get unlimited free two-day shipping for $99 a year. They can access books, songs, movies, TV episodes and upload unlimited photos on Amazons Cloud Drive.

  • China offers to help electricity-starved Nepal Friday, 26 Dec 2014 | 6:42 AM ET

    KATMANDU, Nepal— China said Friday that it would help Nepal develop its power industry to alleviate severe electricity outages that can last up to 12 hours a day in the Himalayan nation, where Beijing is trying to increase influence and investment. China's state-backed Three Gorges International Corp. is negotiating with Nepal over construction of a $1.6...

  • *Asia's Jan-Nov imports from Iran at 1.11 mln bpd, up 19.5 pct. But overseas purchases by Asia, which is home to the top four buyers of Iranian oil, could be hit by the uncertainty over when Tehran and world powers would be able to settle a 12- year dispute over Iran's nuclear ambitions, industry sources said. Iran and the United States, France, Germany, Britain, China and...

  • China challenges India's polished diamond throne Thursday, 25 Dec 2014 | 7:18 PM ET

    *India seeks help from Russia to defend market share. NEW DELHI, Dec 26- India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in...

  • DIARY -Emerging Markets Economic Events to Jan 8 Wednesday, 24 Dec 2014 | 7:02 PM ET

    JERUSALEM- Bank of Israel announces interest rate decision- 1400 GMT. PRAGUE- Czech National Bank to release the minutes of December policy meeting- 0800 GMT. PUNE, India- Indian Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet chiefs of the nation's banks.

  • Dec 24- Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation. The newspaper said that one of the documents states that DAF Trucks, Daimler, Iveco, Scania, Volvo and MAN "agreed the timing and price increase...

  • Auto industry acts globally _ except on recalls Wednesday, 24 Dec 2014 | 3:01 AM ET

    Six years ago, Honda began recalling driver's side air bags in the U.S. The air bags, made by Japanese supplier Takata Corp. at a now-shuttered plant in Georgia, can inflate with too much force, spewing shrapnel into the vehicle. But it wasn't until November of this year— after the death of a driver in Malaysia— that Honda recalled driver's side air bags in small cars...

  • Dec 23- Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation. The newspaper said that one of the documents states that DAF Trucks, Daimler, Iveco, Scania, Volvo and MAN, "agreed the timing and price increase...

  • Myanmar villagers remain in standoff over mine Tuesday, 23 Dec 2014 | 12:04 AM ET

    YANGON, Myanmar— Villagers refusing to leave their homes for the expansion of a Chinese-backed copper mine in northwestern Myanmar remained in a tense standoff with security forces for a second day Tuesday, with two reported hurt. The massive project, a joint venture between a Myanmar military-controlled holding company and China's Wanbao Mining Copper...

  • RPT-SIDEBAR-The Great Wall of Jakarta Monday, 22 Dec 2014 | 8:00 PM ET

    JAKARTA, Dec 22- Two weeks after his narrow win in Indonesia's presidential election in July, Joko Widodo, though still months away from taking office, jump-started an effort to save Jakarta from drowning. Minutes of a July 25 meeting with city officials and ministers from the outgoing administration show that Widodo endorsed the most ambitious feature of a...

  • SIDEBAR-The Great Wall of Jakarta Monday, 22 Dec 2014 | 9:21 AM ET

    JAKARTA, Dec 22- Two weeks after his narrow win in Indonesia's presidential election in July, Joko Widodo, though still months away from taking office, jump-started an effort to save Jakarta from drowning. Minutes of a July 25 meeting with city officials and ministers from the outgoing administration show that Widodo endorsed the most ambitious feature of a...

  • JAKARTA, Dec 22- The Ciliwung River flows from a volcano south of the Indonesian capital, through the heart of one of the world's most densely populated cities and almost into Jakarta Bay. The same is true for the rest of the half-dozen sewage-choked rivers that wind though central Jakarta. "Jakarta is a bowl, and the bowl is sinking," said Fook Chuan Eng, senior water...

  • DUBAI, Dec 22- A big oil price slide will hurt Iran's attempts to rescue battered living standards, but economic pain is unlikely to soften its stance in nuclear talks or end aid to allies such as Syria, matters seen by its ruling clerics as strategic priorities. Economic misery due to sanctions and mismanagement has been a reality for years, and while social...

  • Woman fatally shot at Myanmar mine protest Monday, 22 Dec 2014 | 5:34 AM ET

    YANGON, Myanmar— A woman was fatally shot Monday during a crackdown on protesters at a controversial Chinese-backed copper mine in northwestern Myanmar, activists and an opposition lawmaker said. Khin San Hlaing, a lawmaker from the National League for Democracy party, said the confrontation at the Letpadaung copper-mine project occurred as police and...

  • *10 years on from Boxing Day tsunami, weaknesses remain. BANGKOK, Dec 21- In April 2012, Indonesia's Banda Aceh, the city worst hit by the tsunami that killed at least 226,000 people on Boxing Day ten years ago, received a terrifying reminder of how unprepared it was for the next disaster. But if it had, the damage would have been "worse than 2004, if it was the same...

  • Global oil impact: Who's hurting, happy, hopeful Friday, 19 Dec 2014 | 1:12 PM ET

    Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt. The world's four biggest economies— U.S., China, Japan and that of the European Union— all benefit from lower oil prices. "Economically this is a good thing for the U.S., it's a good thing for Europe, it's a good thing for China and it's a good thing for most consumers,"...

  • Goldman names two new board members Friday, 19 Dec 2014 | 11:54 AM ET

    Dec 19- Goldman Sachs Group Inc said it added two independent directors, raising the number of board members to 14.. The appointments of Mark Flaherty, 55, and Mark Winkelman, 68, was effective from Thursday. Winkelman, a former co-head of Goldman's fixed-income division, retired from the bank in 1994. He currently serves on the board of brewer Anheuser-Busch...

  • 12 workers freed from collapsed tunnel in Vietnam Friday, 19 Dec 2014 | 6:40 AM ET

    HANOI, Vietnam— An official says rescuers have recovered 12 workers who were trapped for more than three days in a collapsed tunnel at a hydropower plant under construction in central Vietnam. Local government official Pham Trieu in Lam Dong province said the 11 men and one woman needed medical attention but are in stable condition. The workers were trapped...

  • Bumble Bee was acquired by the British investment firm Lion Capital LLP in late 2010. If approved, Thai Union expects to take ownership in the second half of next year. Thai Union has annual sales exceeding 100 billion baht with a worldwide workforce of more than 35,000, the company said. Thiraphong Chansiri, the president and CEO of Thai Union, said it would be the...

  • SAN FRANCISCO, Dec 18- Uber argued Thursday that it should not have to turn over ride data in a California regulatory standoff that shows how the transportation service is falling afoul of officials who could threaten its expansion. The issue, which is being heard in a California administrative court and whose outcome will not be known until next year, pits Uber...