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  • 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...

  • Currency war: Who will be the casualties? Friday, 23 Jan 2015 | 9:45 AM ET
    An employee counts fifty euro banknotes at his desk inside a Travelex store, operated by Travelex Holdings in London.

    Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.

  • 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.

  • JOHANNESBURG, Jan 23- South Africa's Reserve Bank will keep its benchmark interest rate at 5.75 percent on Thursday following a dip in inflation due to lower oil prices, a Reuters poll forecast on Friday. A more stable rand, since the European Central Bank's decision on Thursday to launch quantitative easing lifted emerging market currencies, has also reduced...

  • U.S. Treasury's Lew reaffirms strong dollar policy Friday, 23 Jan 2015 | 8:49 AM ET

    Treasury Secretary Jack Lew said a strong U.S. dollar was good for America and that the strength of the U.S. economy relative to other parts of the world was driving movements in currency markets. "The strong dollar, as all of my predecessors have joined me in saying, is a good thing. It's good for America, "Lew told U.S. network CNBC in an interview from Davos, Switzerland.

  • DAVOS, Switzerland— Germany has not modelled a potential Greek exit— the so-called "Grexit"— from the 19- nation eurozone, Germany's finance minister insisted Friday, two days ahead of a Greek election that may bring an anti-bailout party to power in Athens. While praising Greece's better-than-expected efforts to get its economy in order, Schaeuble warned that...

  • DAVOS, Switzerland, Jan 23- The European Central Bank is doing a good job but there is a risk that some countries misinterpet its decision to launch a massive bond-buying program and relax on the economic reform front, German Finance Minister Wolfgang Schaeuble said. "Monetary policy is up to the ECB and they are doing their job very well, Schaeuble said on Friday at...

  • *Disease outbreaks high on Davos agenda after Ebola. DAVOS, Switzerland, Jan 23- The worst-ever Ebola epidemic is waning, but after ravaging three West African nations and spreading fear from Dallas to Madrid, it has hammered home the message that the world needs a better detective system for emerging diseases. Risks posed by pandemic threats such as deadly...

  • DAVOS, Switzerland, Jan 23- Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn't worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland. China should pay attention to the quality of the economy, "he said in a question-and-answer session at the World Economic Forum.

  • Falling oil? I worry more about terror: Norway PM Friday, 23 Jan 2015 | 6:52 AM ET

    Norway may be Europe's biggest oil exporter, but its premier is less concerned about energy prices than security issues around terrorism and Russia.

  • Top official: Russians will 'eat less' for Putin Friday, 23 Jan 2015 | 6:51 AM ET

    DAVOS, Switzerland— Russian Prime Minister Igor Shuvalov, speaking at the World Economic Forum in Davos, on Friday warned the West against trying to topple President Vladimir Putin and said that Russians are ready to sacrifice their wealth in Putin's support. Russia has for the past year been sliding into recession amid a slump in its energy export prices as...

  • TOKYO, Jan 23- Bank of Japan Governor Haruhiko Kuroda said on Friday he was not worried that diverging monetary policies in the United States and Europe will complicate his efforts to beat deflation at home. In an interview with Bloomberg TV from the World Economic Forum in Davos, Kuroda welcomed the ECB's decision to launch a bond-buying program, following the...

  • DAVOS, Switzerland, Jan 23- Egypt can expect economic growth "easily north of 4 percent" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday. Egypt suffered a severe economic crisis after the 2011 uprising that toppled veteran autocrat Hosni Mubarak, ushering in a period...

  • TOKYO, Jan 23- Bank of Japan Governor Haruhiko Kuroda said on Friday he is not worried that diverging monetary policies in the United States and Europe will complicate his efforts to beat deflation at home. In an interview with Bloomberg TV from the World Economic Forum in Davos, Kuroda welcomed the ECB's decision on Thursday to launch a bond-buying programme.

  • *Driven by U.S. companies and some cost cutting in Europe. Chief executives, bankers and investors gathering at the World Economic Forum in Davos, Switzerland, said they expected U.S. companies to take advantage of a rising dollar and robust growth at home to strengthen their position in global markets. "There are always great opportunities in the aftermath of a...

  • ZURICH, Jan 23- UBS did not suffer any losses overall in its trading business after the Swiss National Bank's decision to abandon its currency cap, the bank said on Friday, confirming it would return cash to shareholders after a restructuring. Zurich- based UBS is the third of Switzerland's three biggest listed banks to say it did not suffer losses after the SNB...

  • DAVOS, Switzerland, Jan 23- Jordan's King Abdullah has pulled out of the World Economic Forum in Davos, Switzerland, early following the death of Saudi Arabia's King Abdullah. The early departure of Jordan's king forced the forum to change a session at which he was due to speak on Friday about Middle East security. The forum, which gathers 2,500 political and...

  • *Interest rate cuts seen in China, India, South Korea. BENGALURU, Jan 23- Emerging Asian economies will grow at a lackluster pace this year and next, held back by a slowdown in China and weak global demand, while cooling inflation will probably throw open the door for monetary policy easing, a Reuters poll showed. China's growth rate will probably slow further to 7.0...

  • ZURICH, Jan 23- UBS said on Friday it did not suffer any overall losses in its trading business after the Swiss National Bank's decision last week to abandon its three-year-old cap on the franc. Zurich- based UBS also said its capital return to shareholders following a corporate restructuring will be 0.25 Swiss francs per share, to be paid once it has completed the...

  • TRIPOLI, Jan 22- The United Nations on Thursday condemned a reported attack on an office of Libya's central bank in the eastern city of Benghazi, calling for an inquiry into the incident that has complicated talks between the country's warring parties. The U.N. last week brought together in Geneva some of Libya's rival factions in an attempt to negotiate an end to...