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  • 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...

  • DAVOS, Switzerland, Jan 22- The GAVI global vaccines alliance is seeking to raise $7.5 billion at a funding conference in Berlin next week, as its battle to prevent infectious diseases in millions of children reaches an expected peak. The economic benefits of that will be some $80 billion and $100 billion, underscoring the cost-effectiveness of vaccines as a...

  • DUBLIN/ FRANKFURT, Jan 22- Business leaders in Europe gave a mixed welcome to the European Central Bank's moves to bolster growth and inflation in the euro area on Thursday, with many- especially in Germany- concerned the programme could delay unpopular economic reforms. "This is a step in the right direction and we'll have to watch and see how it plays out," Swiss...

  • FRANKFURT, Jan 22- The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions in new money into a sagging euro zone economy. The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and...

  • Egypt's president says Islam needs a reboot Thursday, 22 Jan 2015 | 12:28 PM ET

    DAVOS, Switzerland— Islam needs a reboot as Egypt and France battle the same enemy by waging war against Islamic extremism and terrorism, Egypt's President Abdel-Fattah el-Sissi said Thursday. The crowds who took to the streets of France in the wake of the militant attacks that claimed 17 victims are an "extension" of the massive 2013 demonstrations against...

  • FRANKFURT, Germany— The European Central Bank on Thursday launched its most aggressive effort to date to revive the region's ailing economy— a program to buy 1.1 trillion euros in government and private bonds starting in March. The ECB said it would combine purchases of government bonds with an existing smaller program of private bond purchases, to total 60...

  • Spain: Unemployment stuck at 23.7 percent in Q4 Thursday, 22 Jan 2015 | 11:27 AM ET

    MADRID— Spain's unemployment rate remained stuck at 23.7 percent in the fourth quarter ending in December compared with the previous three-month period, marking an end to a series of joblessness rate declines throughout 2014, the government's statistics agency said Thursday. The National Statistics Institute put the total number of unemployed at a...

  • DAVOS, Switzerland, Jan 22- German Chancellor Angela Merkel warned fellow European leaders on Thursday not to ease off on economic reforms after the European Central Bank announced bold new moves to bolster growth in the euro area. Speaking to a large audience at the World Economic Forum in Davos, Switzerland, just as ECB President Mario Draghi was unveiling a...

  • Oil majors seek to claw back costs from service firms Thursday, 22 Jan 2015 | 10:30 AM ET

    While keen to avoid accusations of ganging up to force terms on suppliers, they are exploring measures that are likely to put further pressure on services companies such as Schlumberger and Halliburton, which have already cut thousands of jobs as business shrinks. In 2000 s, when we became rich, we became less cost-efficient, "said Claudio Descalzi, chief...

  • FRANKFURT, Jan 22- The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and...

  • Merkel says ECB moves should not obscure need to reform Thursday, 22 Jan 2015 | 9:13 AM ET

    DAVOS, Switzerland, Jan 22- German Chancellor Angela Merkel said on Thursday that moves by the European Central Bank to bolster growth did not absolve European politicians of their responsibility to reform their economies. "Regardless of what the ECB does, it should not obscure the fact that the real growth impulses must come from conditions set by the...

  • By Paul Carrel and John O'Donnell. FRANKFURT, Jan 22- The European Central Bank kept the cost of borrowing unchanged on Thursday and remains poised to announce a plan to buy government bonds with new money, its last gambit for breathing life into a euro zone economy. Expectations are high for the ECB to unveil large-scale quantitative easing despite opposition...

  • Oil price may boost growth by 15-20%: World Bank Thursday, 22 Jan 2015 | 6:39 AM ET

    Low oil prices may increase economic growth by 15-20 percent this year, but some countries will still lose out, said the head of the World Bank.

  • Talking to reporters from Russian news agencies on the sidelines of the World Economic Forum in Davos, Andrei Kostin said the actual amount the bank would receive would depend on the Deposit Insurance Agency, which is distributing the funds, but "in any case, it will be around 250- 300 billion roubles."

  • FRANKFURT, Jan 22- The European Central Bank is poised to announce a plan on Thursday to buy government bonds, resorting to its last big policy option for breathing life into the flagging euro zone economy. Market expectations are sky-high for the ECB to unveil large-scale quantitative easing- printing money to buy government bonds- despite opposition from...

  • Goldman's Cohn: "We are in currency wars" Thursday, 22 Jan 2015 | 3:47 AM ET

    DAVOS, Switzerland, Jan 22- Countries around the world are already engaged in a currency war in a bid to boost growth, Gary Cohn, the president and chief operating officer of Goldman Sachs, said on Thursday. "We are in currency wars," Cohn told a panel discussion at the World Economic Forum in Davos, Switzerland. "The prevailing view is that the easy way to stimulate...

  • *ECB could buy 50 billion euros in bonds per month- source. SINGAPORE, Jan 22- Oil prices dipped early on Thursday, ahead of an expected announcement of a bond-buying program by the European Central Bank that could push the dollar to new highs and put downward pressure on commodities. A firmer dollar, buoyed by an expected U.S. interest rate hike and an American...

  • China stocks edge up in spite of dented easing hopes Thursday, 22 Jan 2015 | 2:11 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 percent, to 3,567.61, while the Shanghai Composite Index gained 0.6 percent, to 3,343.34 points. Among the most active stocks in Shanghai were Bank of China, down 1.0 percent to 4.84 yuan; China Shipbuilding Industry Co, up 7.7 percent to 9.19 yuan and Zijin Mining, up 4.0 percent to...

  • MILAN, Jan 22- China's central bank is continuing to invest in Italian companies, its governor was quoted as saying in a leading Italian daily on Thursday, after People's Bank of China built holdings in several Italian blue-chips over the past year. "We continue to buy stakes in Italian companies, but now we're careful to remain below the 2 percent threshold so that...

  • As a group of World Trade Organization members prepares to meet in the Swiss resort of Davos to discuss the 2015 agenda, Froman called for "soul-searching" about the next steps for the 20- year-old institution, which late last year clinched the first global deal in its history. In an opinion piece to be published on Reuters, Froman said success in cutting customs...