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  • DUNDEE, Scotland, Jan 27- Among the social housing estates of Scotland's fourth largest city, Ed Miliband's bid to unseat Prime Minister David Cameron is in trouble: His opposition Labour party is haemorrhaging support to nationalists. Though Scots voted to stay part of the United Kingdom in a Sept. 18 referendum, support for the Scottish National Party has since...

  • FRANKFURT, Jan 27- Access to Facebook, the world's largest social network, and its Instagram photo-sharing site, were blocked around the world for up to an hour on Tuesday, which the company said later was due to an internal fault and not an outside attack. U.S.-based online match-making site Tinder, a unit of IAC/InterActive Corp, and Hipchat, the workplace instant-...

  • *Oil may have hit bottom, could rise soon, says OPEC's Badri. LONDON, Jan 27- Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Prices were also supported after the Secretary-General of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said oil prices may have bottomed...

  • LONDON, Jan 27- Britain's economic growth slowed more than expected in the final three months of last year, but with annual growth still at its fastest since 2007 the data gave ammunition to both sides of the political divide heading into May's election. While most countries have not yet reported 2014 growth data, Britain's is ahead of International Monetary...

  • LONDON, Jan 27- The European Union will put in place its "capital markets union" by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed. The document, co-written by EU financial services chief Jonathan Hill, sets out a timetable for the first time on a core policy plank of the European Commission to...

  • LONDON, Jan 27- Russia's rouble climbed on Tuesday, recovering some of its poise following a 6 percent drop the previous day after ratings agency Standard& Poor's cut the country's rating to junk, though Moscow stocks traded lower. Russia's stock market was closed when S&P announced on Monday it was cutting Russia's rating from BBB- to BB+, citing a weakened...

  • Heathrow hosted 68.1 million international passengers in 2014, up 1.2 percent, a Heathrow spokeswoman said. A commission is due to make final proposals by this summer, choosing between three options: a third runway at Heathrow, an extension to an existing Heathrow runway, or a second runway at Gatwick Airport. But lack of capacity at Heathrow means we have...

  • *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,...

  • Asian stocks tumble after weak US corporate earnings Tuesday, 27 Jan 2015 | 4:11 AM ET

    The companies that rattled the market included Microsoft, Caterpillar and Procter& Gamble. It was the biggest one-day decline for the blue-chip index since Jan. 5. "That theme,' Boy, this is the year earnings are going to come back,' suffered a little bit of a setback," said Sean Lynch, co-head of global equity strategy at Wells Fargo Investment Institute.

  • What the credit downgrade to 'junk' means for Russia Tuesday, 27 Jan 2015 | 3:45 AM ET

    Standard& Poor's on Monday cut Russia's rating to BB+, a non-investment grade the country last held in 2004, when it was still recovering from a painful financial collapse in the 1990 s. It noted Russia's financial system is weakening, and that the central bank will increasingly have trouble supporting it. Russia's economy is expected to contract by 4 to 5 percent...

  • The common currency last traded at $1.1245, off Monday's low of $1.1098- a level not seen since September 2003. However, buyers emerged in London and New York. "Perhaps the market rightly or wrongly is pinning some hopes on Mr Tsipras being more conciliatory," David de Garis, senior economist at National Australia Bank, wrote in a note to clients.

  • UPDATE 9-Oil slides despite OPEC talk of a floor Monday, 26 Jan 2015 | 4:22 PM ET

    *Oil may have hit a floor, OPEC secretary general says. NEW YORK, Jan 26- Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. Following the restart of a major U.S. Midwest refinery unit, the Brent/WTI spread narrowed to $3.01 after...

  • 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.

  • Mouth strips only on sale in Manchester and online for now. LONDON, Jan 25- Imperial Tobacco Group, the world's third largest cigarette maker, is moving into caffeine as more people kick the deadly smoking habit, launching a melt-in-your-mouth strip designed to give an energy boost in seconds. For now it is only sold in the English city of Manchester and online.

  • *S&P cuts Russia's sovereign credit rating. MOSCOW, Jan 26- Ratings agency S&P cut Russia's sovereign credit rating to below investment grade, or "junk" status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia's economic growth prospects- hit by low oil prices and Western...

  • *MSCI global share index up slightly. The electoral results spurred concern over new instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The MSCI's global share index was up 0.2 percent, while the S&P 500 was nearly flat.

  • S&P downgrades Russia credit rating to junk Monday, 26 Jan 2015 | 1:27 PM ET

    LONDON— Standard& Poor's rating agency on Monday downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook. Russia's economy has been hit hard by the double impact of weaker prices for its energy exports as well as Western sanctions. Standard& Poor's said that Russia's financial system is weakening, limiting room for...

  • LONDON— Standard& Poor's rating agency downgrades Russia credit grade to junk level.

  • METALS-Copper recovers after hitting 5-1/2 year low Monday, 26 Jan 2015 | 1:13 PM ET

    LONDON, Jan 26- Copper recovered from a 5-1/ 2- year low on Monday, with investors shaking off worries over the Greek election result while speculation grew that China is again filling state metal reserves. The victory by Greece's leftist Syriza party spurred concern about euro zone instability, but the possibility of Greece leaving the bloc was seen as remote...

  • The National Weather Service issued a blizzard warning for New York City and surrounding areas between coastal New Jersey and Connecticut, beginning 1:00 p.m. EST on Monday and worsening overnight into Tuesday morning. It warned of two days of winter storms across the East Coast, from Pennsylvania to Maine. "Crude is getting some help from supportive heating...