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  • EU open to Greek debt extension, not forgiveness Monday, 26 Jan 2015 | 5:46 AM ET

    BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government's demands of debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout party Syriza's election victory on Sunday with warnings that a debt restructuring for Greece...

  • PARIS, Jan 26- Greek stocks fell on Monday after anti-austerity party Syriza swept to victory in the polls, though this damage failed to halt a broader rally in European equities driven by the European Central Bank's bond-buying plan. Athens's ATG index was down 1.3 percent at 0922 GMT, led lower by banking stocks such as Piraeus Bank, down 9 percent, and Alpha Bank,...

  • France: 10 go on trial in L'Oreal heiress fraud case Monday, 26 Jan 2015 | 3:36 AM ET

    PARIS— Ten people including a famed French photographer are going on trial, accused of swindling millions of euros in cash and artwork from France's richest woman. The trial in Bordeaux is part of the complex politico-financial scandal dubbed the "Bettencourt Affair." Sarkozy's then-campaign treasurer Eric Woerth is among the 10 people going on trial in...

  • CIVIL NUCLEAR India and the United States struck a deal that could open the door for U.S. companies to build nuclear reactors in India by promising insurance cover to U.S. companies that had shied away from an Indian law placing liability on suppliers in case of an accident. Prime Minister Narendra Modi's assertiveness in the region has already aligned India...

  • FACTBOX-Obama and Modi aim high with India summit Saturday, 24 Jan 2015 | 2:00 PM ET

    President Barack Obama arrives in India on Sunday for the second time, to build on what he calls one of the defining relationships of the 21st Century. Prime Minister Narendra Modi's assertiveness in the region has already aligned India more with Washington, but they do not see eye-to-eye on Pakistan, and India is worried about the exit of U.S. troops from...

  • Relax—it's all under control, officials tell Davos Saturday, 24 Jan 2015 | 11:11 AM ET
    Haruhiko Kuroda

    Global policymakers and businessmen ended Davos optimistically, citing the effects of low oil prices and aggressive monetary policy in Europe.

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • RIO DE JANEIRO/ SAO PAULO/ MILAN, Jan 23- Oi SA, Brazil's most indebted phone carrier, is open to all options in a potential process of industry consolidation as long as the transaction helps create value for shareholders, Chief Executive Officer Bayard Gontijo said on Friday. However, management at Telecom Italia SpA, TIM's controlling shareholder, plans to meet...

  • AVENTURA, Fla.— A Miami- area man is seeking to profit from the phrase " Je Suis Charlie," which became a rallying cry after a terrorist attack in Paris that killed 12 people at the Charlie Hebdo newspaper. Patent and Trademark Office, the Latin American Trading Group Inc. applied for a trademark on the words, which translate to "I Am Charlie." Coral Gables trademark...

  • LONDON, Jan 23- European stock markets rose on Friday after the European Central Bank's decision to buy government bonds, with Greek shares leading the gains before the country's election on Sunday. The bond-buying plan helped Greece's ATG share index rise 6.1 percent. Attica Bank, National Bank of Greece and Piraeus Bank gained 14 to 8 percent.

  • *Wall St stung by soft corporate earnings. NEW YORK, Jan 23- The European Central Bank's plan to pump out about 1 trillion euros to revive the euro zone economy kept stocks in the region on track for their best week since 2011 but knocked the shared currency to fresh 11- year lows. Oil prices rose on hopes for a boost to global growth from the ECB's move, while the death of...

  • *70 pct of cars bought on credit- Citi. LONDON, Jan 23- Shares in European carmakers powered to record highs on Friday as investors bet the European Central Bank's trillion-euro bond-buying plan would drive down the cost of car financing as well as boost eurozone companies' exports. Some 70 percent of cars in developed markets are bought on credit, according to...

  • Hollande to CEOs: Fight terror, climate change Friday, 23 Jan 2015 | 10:18 AM ET
    French President Francois Hollande looks on during a conference in Milan, Oct. 8, 2014.

    French President François Hollande called on the business community to fight terrorism and climate change at Davos.

  • DAVOS, Switzerland— Climate change and poverty took center stage Friday at the World Economic Forum in Davos, where leaders began campaigning in earnest for twin global accords aimed at cooling the planet and easing the suffering of multitudes. French President Francois Hollande, Rwandan President Paul Kagame and U.N. The United Nations' first round of...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • FRANKFURT, Jan 23- ECB chief Mario Draghi's 1 trillion euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currency he is trying to save. In monthly 60 billion-euro installments from March, the European Central Bank will buy chiefly...

  • *Euro slumps towards $1.11 to 11- year low, bond yields reach new lows. LONDON, Jan 23- The European Central Bank's plan to pump out about 1 trillion euros to revive the euro zone economy put stocks in the region on track for their best week since 2011 but hammered the shared currency. Oil prices rose on hopes for a boost to global growth from the ECB's landmark move,...

  • LONDON, Jan 23- Greek shares led euro zone stock markets higher on Friday, boosted before Sunday's pivotal elections by the European Central Bank's decision to buy government bonds. The bond-buying scheme helped Greece's ATG share index rise 5.2 percent, with Attica Bank, National Bank of Greece and Piraeus Bank up between 11.6 percent and 8.8 percent.

  • Hazy skies will serve as the backdrop to meetings with Indian Prime Minister Narendra Modi and other officials who are expected to discuss India's biggest environmental woes: Heavy reliance on fossil fuels that has transformed New Delhi into the planet's most polluted capital and made India the third biggest national emitter of greenhouse gases.

  • *Cognac shipments to China up in Q3, sales still negative. PARIS, Jan 22- Remy Cointreau said that cognac shipments to its key Chinese market increased in the third quarter but cautioned that local demand did not show clear recovery signs ahead of next month's Chinese New Year. Remy Cointreau, like rivals LMVH, Diageo and Pernod Ricard, has been hit by the Chinese...