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  • METALS-Copper edges higher ahead of Fed meeting Wednesday, 28 Jan 2015 | 6:12 AM ET

    *Copper down 13 percent in the year-to-date. LONDON, Jan 28- Copper rose on Wednesday, rebounding further from 5-1/ 2- year lows as the dollar eased off highs and traders took the opportunity to buy at still low prices ahead of the conclusion of a Federal Reserve meeting. Copper is still down 13 percent so far this month, extending a 20 percent loss registered over 2013...

  • Wanted: Asia-focused banker for StanChart's top spot Wednesday, 28 Jan 2015 | 5:34 AM ET

    HONG KONG, Jan 28- Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters. The list of potential candidates is wide and includes Piyush Gupta, CEO of Singapore- based DBS, outgoing Westpac CEO Gail Kelly,...

  • LONDON, Jan 28- Oil slipped to $49 a barrel on Wednesday as the dollar strengthened, while an industry report showing a larger-than-expected rise in U.S. crude inventories also pressured prices. "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric...

  • *Citigroup says spot price could drop to $53 later in year. *China steel output seen slipping in 2015. SINGAPORE, Jan 28- A deepening iron ore glut and worries over a sharper economic slowdown in top buyer China will drive the average 2015 price for the steelmaking ingredient to a record low, a Reuters poll showed.

  • BANGKOK, Jan 28- Thailand's central bank on Wednesday left its benchmark interest rate unchanged at 2.0 percent, a level that still "supports" a struggling economy that it asserted is improving. But a recent wave of monetary easing in the face of disinflation, including an unexpected move by Singapore early on Wednesday, created some uncertainty about the Thai...

  • "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric Spooner, chief analyst at CMC Markets in Sydney said. Brent crude hit a low of $48.79 a barrel and was down 45 cents at $49.15 by 0717 GMT. U.S. crude was at $45.68 a barrel, down 55 cents, after earlier...

  • "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which help support prices overnight," Ric Spooner, chief analyst at CMC Markets in Sydney said. Brent crude hit a low of $48.79 a barrel and was down 68 cents at $48.92 by 0255 GMT. U.S. crude was at $45.41 a barrel, down 82 cents, after earlier...

  • SYDNEY, Jan 28- An Australian state government on Wednesday suspended AGL Energy Ltd's licence to operate a pilot coal seam gas field after banned chemicals were found in water supplies. The New South Wales state government has launched an investigation into the energy company's operations after it announced on Tuesday it would voluntarily suspend work at...

  • Most recently, Murphy served as a director at investment firm BlackRock Inc. She will be based in Stamford, Connecticut. Prior to joining the role, Glotzbach served as senior vice president of retirement solutions at Morningstar Inc. She will work out of the San Mateo office. She will relocate from Melbourne, Australia, to San Mateo.

  • HARTFORD, Conn.— A Venezuelan financier who ran a massive fraud scheme used investment funds as personal piggy banks to support a lavish lifestyle, including a $5 million home on Connecticut's Gold Coast, prosecutors said in a memo urging a federal judge to sentence him to at least 12 years in prison. The New Canaan home built by Francisco Illarramendi is so big it...

  • LONDON, Jan 27- Copper slid on Tuesday back towards the prior session's 5-1/ 2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories. Data showed China's factory profits grew at their weakest rate in two years in 2014 as economic growth slipped to a 24- year low, underscoring the challenges the country...

  • SYDNEY/ SINGAPORE, Jan 27- Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins. Australia's Qantas Airways Ltd became the latest airline to eliminate the surcharge on Tuesday, but at the same time said it was...

  • LONDON, Jan 27- Copper slipped on Tuesday, struggling to mount a recovery from the prior session's 5-1/ 2 year low as investors weighed further evidence of slowing growth in top consumer China while stocks continued to build. In addition, data showed China's factory profits grew at their weakest rate in two years in 2014.. Three-month copper on the London Metal...

  • *Markets giving Greece benefit of the doubt for now. The euro rose as much as 0.9 percent to trade at $1.13455, lifting it further from an 11- year trough of $1.1098 reached on Monday, when it became clear that Greece had voted in a new anti-bailout government. Investors are hopeful that the left-wing Syriza party leader, Alexis Tsipras, is willing to negotiate,...

  • SINGAPORE, Jan 27- Investors seeking to buy property in Singapore or Hong Kong this year may be better off listening to U.S. As interest rates rise, property prices in Hong Kong and Singapore may fall by as much as 5 percent this year, according to a report on prime residential real estate in the region by property consultant Knight Frank. He said a fall in real estate...

  • NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses sustained during two days of dramatic selling, with the final push down to a fresh 11- year low coming after elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • SASKATOON, Saskatchewan, Jan 26- Saskatchewan is likely to tighten what are already some of North America's strictest rules for purchasing farmland as the Western Canadian province looks to fend off big money managers hungry for what they see as a winning investment. Stewart said the changes could also include measures to foil the plans of Vancouver- based...

  • FOREX-Euro ricochets off lows following Greek vote Monday, 26 Jan 2015 | 11:57 AM ET

    NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses from two days of dramatic selling, with the final push down to a fresh 11- year low coming after the results of elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • BEIJING, Jan 26- Chinese investors are set to fork out $20 billion on offshore property this year, up 21 percent on 2014 as more domestic real estate developers and insurers internationalize their holdings, Jones Lang LaSalle Inc said on Monday. "The easing of restrictions over the last a few years by the Chinese government has... much easier for institutions as well...

  • *Euro hits 11- year low in knee-jerk reaction to Greece vote. *Investors see limited fallout from Greece in longer term. TOKYO, Jan 26- The euro skidded to an 11- year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with...