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  • European shares fall; Vallourec sinks after warning Thursday, 29 Jan 2015 | 4:05 AM ET

    *Vallourec warns of 1- 1.2 bln euro impairment, shares fall 6 pct. Vallourec featured among the top losers, falling 6 percent after the steel pipes maker warned of an impairment charge of 1.0- 1.2 billion euros on the value of its assets, blaming turmoil in the oil market. Also, Vallourec has not impaired anything in the U.S., whereas market conditions are deteriorating...

  • PARIS, Jan 29- Steel pipe maker Vallourec plans to write down the value of its assets by 1- 1.2 billion euros, reflecting a drop in demand from oil company customers following the plunge in crude prices. Vallourec confirmed its June warning that underlying profits would fall by around 10 percent from a year earlier, but said the real concern lay ahead.

  • WASHINGTON, Jan 28- The U.S. Air Force said on Wednesday it would use Boeing Co's commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States. Boeing welcomed the Air Force's decision to skip a competition and opt for the 747-8, citing its 50- year history of building...

  • *Sale of assets including stake in Greece's main utility halted. *Greek bank stocks fall 26 pct, Athens index tumbles 9 pct. *Greek minister says Athens against sanctions on Russia.

  • RPT-EU's Moscovici says ready to start work with Greece Wednesday, 28 Jan 2015 | 2:29 PM ET

    PARIS, Jan 28- European Union economics chief Pierre Moscovici said on Wednesday that EU officials were ready to open discussions with Greece over its debt problems and that he did not expect a confrontation with the country's new government. He also said that debt cancellation was not the solution for Greece and that debt commitments must be met.

  • LONDON, Jan 28- British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday. The Serious Fraud Office has already charged two UK- based Alstom subsidiaries and four former employees with...

  • *Sale of assets including stake in Greece's main utility halted. *Greek minister says Athens against sanctions on Russia. It said it would halt the sale of stakes in the Public Power Corporation of Greece, Greece's biggest utility, and refiner Hellenic Petroleum and put other planned asset sales of motorways, airports and the power grid on ice.

  • Trade union turns lights off on French prime minister Wednesday, 28 Jan 2015 | 12:42 PM ET

    PARIS, Jan 28- An inquiry was under way on Wednesday after French trade unionists turned the lights off on a keynote speech by Prime Minister Manuel Valls in protest at planned energy reforms. The mines and energy federation of France's militant CGT union said in a statement it supported the action. France's energy reforms have a wider purpose, aiming to boost the...

  • Unions turn lights off on French prime minister Wednesday, 28 Jan 2015 | 12:40 PM ET

    PARIS, Jan 28- An inquiry was under way on Wednesday after French trade unionists turned the lights off on a keynote speech by Prime Minister Manuel Valls in protest at planned energy reforms. The mines and energy federation of France's militant CGT union said in a statement it supported the action. France's energy reforms have a wider purpose, aiming to boost the...

  • TOKYO, Jan 28- Japan's leading independent budget airline Skymark Airlines Inc filed for protection from creditors late on Wednesday, blaming a weak yen and a dispute with Airbus Group for its financial straits. "The company, believing the demands for breach-of-contract payments were unreasonable, attempted to negotiate a reduction in the payments with...

  • *Sale of stake in Greece's biggest utility halted. A swift series of announcements signaled the newly installed government would stand by its anti-austerity pledges, setting it on course for a clash with European partners, led by Germany, which has said it will not renegotiate the aid package needed to help Greece pay its debts. After announcing a halt to the...

  • Tourists give hope to residents of battered Lebanese city Wednesday, 28 Jan 2015 | 2:02 AM ET

    TRIPOLI, Lebanon— As the tour group made its way through the narrow alleys of the seaside city of Tripoli, marveling at its medieval architecture, residents stared back at a sight that for them was just as exotic— visitors in their poor, restive corner of Lebanon. Tourists visiting Lebanon can ski in the mountains, frolic on sandy Mediterranean beaches, traipse...

  • *France now the biggest source of new migrants to Israel. JERUSALEM, Jan 27- At a busy supermarket in Jerusalem a smartly dressed woman, recently arrived in Israel, was stopping shoppers to ask if anyone spoke French. With anti-Semitism rising in France, and their worries stoked by this month's killing of four Jews in a kosher supermarket in Paris, French Jews now...

  • NEW DELHI— India and America's declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts. President Barack Obama's three-day visit to New Delhi raised hopes for concrete plans to tackle India's fossil fuel dependency and to resolve a four-year standoff over liability that...

  • TOKYO— The plight of freelance journalist Kenji Goto, taken captive by Islamic State group militants, has gripped Japan, and the people's hopes for his safety are now on Facebook with a simple, unifying plea: "I am Kenji." "We want Kenji to come home," said Taku Nishimae, a Japanese filmmaker living in New York, who started the "I am Kenji" Facebook page, right after seeing last...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...

  • PARIS— France's Parliament has started debating a bill promoted by the Socialist government aimed at freeing up the country's labor rules and regulations, in order to boost hiring. Economy Minister Emmanuel Macron told the National Assembly on Monday that the bill will inject "more vitality, more justice and more transparency" into France's economy.

  • PARIS— At Paris' high-octane couture week, what happens on the catwalk is only half the story. Academy Award winner Goldie Hawn and her daughter Kate Hudson made a surprise appearance at Atelier Versace in an atypical family night out in Paris. Her mother dressed more prudently in a black long sleeve cocktail dress with crystal zipper details from this year's...

  • *Greece must get bailout extension, discuss reforms with its lenders. BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness. Before any talks on more time for Greece to repay its debts can start, Athens must get an extension of its...