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  • LONDON, Jan 26- Work has started on converting Centre Point, the towering 1960 s office building at the east end of London's Oxford Street, into luxury apartments, developer Almacantar said on Monday. The Richard Seifert- designed tower will be one of the most prominent buildings to switch from commercial to residential use in London's West End as developers cash...

  • 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...

  • *Shanghai copper hits downside limit, at lowest since July 2009. LONDON, Jan 26- Copper prices spiraled to a 5-1/ 2- year low on Monday amid uncertainty about stability in Europe after Greek elections and worries about Chinese economic growth. Three-month copper on the London Metal Exchange touched a session low of $5,339.50 a tonne, its weakest since July 2009.

  • *Syriza victory in Greece stokes concerns over Europe instability. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed under bailout programmes worth 240 billion euros from the European Union and the International Monetary Fund were over. Expectations that a compromise can be reached between Athens and its...

  • FOREX-Euro steadies despite Greek worries Monday, 26 Jan 2015 | 3:34 AM ET

    LONDON, Jan 26- The euro regained a foothold in early deals in London on Monday, investors choosing to take some profit on two days of dramatic losses after the results of elections in Greece sent the single currency to an 11- year low. Dealers and analysts in London said the most likely next move was still down but that the European Central Bank's announcement of...

  • DUBLIN— Aer Lingus announced Monday that British Airways parent IAG has made an improved takeover offer of 2.55 euros per share, and the board of the Irish airline says it is considering the proposal. Instead, Aer Lingus said acceptance of IAG's all-cash offer would require "irrevocable commitments" from the two biggest shareholders: rival budget carrier...

  • *Shanghai copper hits downside limit, at lowest since July 2009. SINGAPORE, Jan 26- London copper tumbled as much as 3 percent on Monday to its lowest level since 2009 as a stronger dollar fueled an aggressive sell-off that dragged down prices in Shanghai by 5 percent. A slide in the euro to 11- year lows against the dollar after Greece's Syriza party promised to roll...

  • SEOUL, South Korea— Asian stocks and the euro were weaker Monday after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the European common currency bloc could unravel. Japan's Nikkei 225 dropped 0.3 percent to 17,453.35 and South Korea's Kospi was down 0.1 percent at 1,934.26. GREEK ELECTION: Syriza party, the...

  • HONG KONG, Jan 26- Dalian Wanda Group, China's biggest commercial real estate conglomerate, said on Monday it is investing $1 billion in a prime property development close to Sydney Harbor, its second large investment in Australia. Australia was the third top destination for Chinese property investment after the United States and Britain in the first eleven...

  • SEOUL, South Korea— Asian stocks and the euro were weaker Monday after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the European common currency bloc could unravel. KEEPING SCORE: Japan's Nikkei 225 dropped 0.6 percent to 17,402.97 and South Korea's Kospi was down 0.2 percent at 1,935.40.

  • HONG KONG, Jan 26- U.S. private equity firm Blackstone Group said it has agreed to sell a prime Sydney office building to China's Dalian Wanda Group for about A $415 million. China's biggest property conglomerate plans to build a 5- star hotel as well as luxury residential and retail developments at the location, the company said in a statement.

  • FRANKFURT, Jan 25- Deutsche Bank will remember Thursday, Jan. 8 as the start of "Duesselgate," a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart. "Deutsche Bank is pretty much alone in Europe with this claim," he said only weeks after the group decided to examine its business model from head to toe.

  • Imperial Tobacco launches caffeinated mouth strips Sunday, 25 Jan 2015 | 9:39 AM ET

    *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.

  • DUBLIN— Officials say the parent company of British Airways has made a third, improved takeover approach to Irish airline Aer Lingus and an announcement of the offer is expected Monday. Over the past month Aer Lingus has rejected two lower-priced proposals from IAG, created in 2009 by the merger of British Airways and the Spanish airline Iberia.

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • OPEC announced last November it would keep output steady at 30 million barrels a day, despite pleas from some members for it to cut output to support prices and revenues. Stuart Glickman, an equity analyst at S&P Capital IQ, said there was no indication OPEC would cut production soon. "It's a calculated bet that the shale producers in the U.S. can't withstand the pain...

  • *Partial shutdown of Indiana refinery pressures US crude. NEW YORK, Jan 23- Brent crude rose on Friday on uncertainty over Saudi oil output following the death of King Abdullah, while U.S. crude prices fell, with traders citing a reported build at the Cushing, Oklahoma storage hub and the partial shutdown of an Indiana refinery. Still, the transition should be...

  • *Saudi-led OPEC focus to remain, safeguarding market share. NEW YORK, Jan 23- U.S. crude fell modestly on Friday while global Brent gained support from market uncertainty over the future of Saudi oil production following King Abdullah bin Abdulaziz's death. Brent was up 30 cents at $48.82 by 11:20 a.m. EST, while U.S. crude fell 21 cents to $46.10.

  • WASHINGTON, Jan 23- U.S. home resales rebounded in December, but continued low participation by first-time buyers in the market suggested the housing recovery would remain gradual for now. The National Association of Realtors said on Friday existing home sales increased 2.4 percent to an annual rate of 5.04 million units last month. "The still-tight mortgage...

  • NEW YORK, Jan 23- The euro fell to fresh 11- year lows against the dollar on Friday following the European Central Bank's announcement on Thursday that it would pump a trillion euros into the euro zone economy to revive sagging growth and ward off deflation. The euro lost over 2 percent against the greenback and fell below $1.12 to $1.1115 for the first time since...