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  • *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...

  • India to push renewable energy drive during Obama visit Thursday, 22 Jan 2015 | 4:26 AM ET

    WASHINGTON/ NEW DELHI, Jan 22- India will look to the United States for more private sector partnerships and technology to support a drive to expand its use of clean energy, as Washington looks to secure political support for a global climate change deal in 2015.. India will surely be looking for the means to technology transfer to boost renewable energy, "said...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • A message from Davos: QE alone won't solve Europe's ills Wednesday, 21 Jan 2015 | 3:58 PM ET

    But business leaders, policymakers and celebrity academics gathered at the World Economic Forum in Davos had a message for all the "quantitative easing" enthusiasts: don't count on the ECB to resolve Europe's economic woes. "I have not seen enough reforms in Europe and the ECB will not fix this issue," Weber said, stressing the need for "heavy lifting" changes to...

  • *Sydney, London, Frankfurt among global yuan trading centers. DAVOS/ ZURICH, Jan 21- Switzerland's central bank said on Wednesday it had agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • *Sydney, London, Frankfurt among global yuan trading centers. ZURICH, Jan 21- Switzerland's central bank said on Wednesday it has agreed with the People's Bank of China to establish clearing arrangements in Switzerland for renminbi trading and extend a pilot scheme for clients of Swiss banks. China's central bank has already chosen Sydney, Seoul, Paris,...

  • LONDON, Jan 21- The European Union's plan to build a capital market union will not include a super-regulator for markets in the same way the European Central bank now supervises top euro zone lenders, a senior EU official said on Wednesday. The comment will assuage concerns in Britain, the bloc's biggest securities market, that a push by Brussels for a new, more...

  • Deadly attacks could have lasting impact on Paris tourism Wednesday, 21 Jan 2015 | 8:50 AM ET

    *Paris hotel occupancy rates down and still falling- MKG. PARIS, Jan 21- The deadly attacks in Paris earlier this month could have a lasting impact on tourism if anti- France protests that have swept the Muslim world lead wealthy Arabs to shun the city. But hospitality research firm MKG Group fears a longer-term impact in Paris after satirical magazine Charlie...

  • DAVOS, Switzerland— Pharrell Williams says he'll have all of humanity singing together at a worldwide concert June 18 to fight global warming. The pop star is teaming up with Nobel Peace Prize-winner Al Gore and producer Kevin Wall to pull off a "Live Earth" concert on seven continents to build support for a U.N. climate pact in Paris among more than 190 nations in...

  • PARIS— Reeling from the Paris terror attacks, France announced broad new measures to fight homegrown terrorism like giving police better equipment and hiring more intelligence agents, as European officials sought to strike the right balance between rushing through tough counterterrorism laws and protecting treasured democratic rights.

  • ATHENS, Jan 21- After four years of economic sacrifices, Greece bet it could agree an early end to its international bailout. Greece triggered the regional financial crisis in 2009 when a far higher budget deficit than previously calculated emerged. The collapse of talks in Paris on Nov. 26 set off a month-long sequence of events leading to elections next week and...