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  • *AirAsia posts biggest drop in 3 yrs after aircraft goes missing. *Oil rebounds on renewed tensions in Libya. Greece's Prime Minister Antonis Samaras failed to get enough support for his nominee, Stavros Dimas, and will now have to call a national election for late January or early February, which polls suggest would catapault the left-wing Syriza party to power.

  • Stocks mixed amid China growth hopes, Greece woes Monday, 29 Dec 2014 | 4:51 AM ET

    BEIJING— Global stocks were mixed on Monday after a report said China will change banking rules, apparently to boost lending and economic growth, while oil prices rebounded. ASIA'S DAY: Hong Kong's Hang Seng index gained 1.8 percent to 23,761.29 points and the Shanghai Composite Index added 0.3 percent to 3,168.02. CHINESE BANKING: China's official Xinhua News...

  • *AirAsia posts biggest drop in 3 yrs after aircraft goes missing. LONDON, Dec 29- Europe's financial markets returned from their Christmas break in a cautious mood on Monday, as Greece's parliament prepared for a final round of presidential voting, which if unsuccessful, will fuel worries about its future in the euro. Syriza is set on writing off much of Greece's...

  • *Allianz also insurer for lost Malaysia Airlines planes. HONG KONG, Dec 29- German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this year. "We can confirm that Allianz Global Corporate& Specialty UK is the lead...

  • UPDATE 2-Oil prices climb on Libya supply worries Monday, 29 Dec 2014 | 12:50 AM ET

    *Brent climbs towards $60; U.S. crude rises above $55. SINGAPORE, Dec 29- Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member. "Libya, and all the other problems, warrants some kind of risk premium," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • Asian stocks up as oil price rebounds Sunday, 28 Dec 2014 | 11:31 PM ET

    BEIJING— Asian stocks were mostly higher Monday after a report China will change banking rules in an apparent effort to boost lending and economic growth as oil prices rebounded. Sydney, Singapore and Manila also rose. The report came after government data on Saturday showed profits for China's biggest industrial companies fell 4.2 percent in November from a...

  • *Brent climbs towards $60; U.S. crude rises above $55. SINGAPORE, Dec 29- Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member. "Libya, and all the other problems, warrants some kind of risk premium," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance.

  • SINGAPORE Dec 29- U.S. crude rose more than $1 in early Asian trade on Monday, reversing a fall in the previous session as escalating clashes in Libya threatened oil exports and supply disruptions from the OPEC member. Forces loyal to Libya's recognised government launched air strikes on the western city of Misrata on Sunday in apparent retaliation against a...

  • FOREX-Dollar holds near highest in almost 9 years Wednesday, 24 Dec 2014 | 7:19 AM ET

    LONDON, Dec 24- The dollar held near its highest point in almost nine years against a basket of currencies on Wednesday after investors brought forward forecasts for when U.S. interest rates will rise. That was the strongest sign yet that growth has shifted into higher gear and it pushed the dollar index to highs not seen since March 2006, while the two-year yield...

  • SINGAPORE, Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 54 cents to $61.15 by 0400 GMT after settling up $1.58 on Tuesday. U.S. crude fell 53 cents to $56.59, after settling $1.86 higher...

  • SINGAPORE Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 28 cents to $61.41 by 0235 GMT after settling up $1.58 on Tuesday. "Every time oil prices come up for air an OPEC member or short...

  • *Sterling at 16- month lows, bombarded by UK and U.S. data. NEW YORK, Dec 23- The dollar strengthened on Tuesday after a revised third-quarter U.S. gross domestic product report blew past expectations to register the fastest pace of growth in 11 years. At first blush you have to say it was a very good revision, "said Lou Brien, strategist at DRW Trading in Chicago.

  • *Sterling hits 16- month low vs dollar after weak UK data. LONDON, Dec 23- Sterling skidded to its weakest since early September 2013 against a rallying dollar on Tuesday after data showed UK growth slowing in the third quarter, keeping pressure off the Bank of England to raise interest rates. Sterling fell by 0.4 percent to $1.5522 after UK growth was revised down...

  • LONDON, Dec 23- The Australian dollar hit a 4-1/ 2- year trough against its U.S. counterpart on Tuesday as prices of iron for construction fell in China amid weak demand from the property sector and after Australia's premier warned of heightened "terrorist chatter." Following the siege in a Sydney cafe a week ago, Australian Prime Minister Tony Abbott said the...

  • *China reforms, Australia state sales to drive 2015 growth. Non-state companies from China, including Fosun International and Haitong Securities, have sealed a series of outbound deals this year, a marked change from past years when state-owned enterprises dominated China's mergers and acquisitions. "What we are seeing is companies that haven't been on the...

  • *Australia's plan to become top LNG exporter still on track. Just last week, Woodside Petroleum Ltd delayed the FID for its $40 billion Browse floating project with Royal Dutch Shell and BP. The next cab off that rank could be ExxonMobil and BHP Billiton's $10 billion Scarborough project.

  • *Copper price heading for double-digit pct drop in 2014. SYDNEY, Dec 22- Copper prices traded slightly higher on Monday, reversing losses earlier in the day, with traders saying contracts looked cheap following recent price drops. Copper is down some 13 percent so far this year on worries the market is heading into a supply surplus after several years of deficit,...

  • Asian markets gain as oil rebounds Sunday, 21 Dec 2014 | 11:12 PM ET

    South Korea's Kospi added 0.4 percent to 1,936.79 and Hong Kong's Hang Seng rose 1.4 percent to 23,428.73. Stocks in Southeast Asia and Taiwan also rose. ANALYST'S TAKE: "Our markets have opened firmer after the strong rebound in energy prices," said Tony Kwok, a sales trader in Sydney for CMC Markets.

  • SYDNEY, Dec 22- Spanish infrastructure giant Ferrovial SA tore up a sweetened $830 million offer for Australia's Transfield Services Ltd, putting the contractor under pressure to show it can thrive as the country's mining boom grinds to a halt. The shares fell to A $1.63 by mid-afternoon, their lowest since before Ferrovial made its initial A $1.95- per-share...

  • TOKYO, Dec 22- Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1 percent. "We're seeing a positive...