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  • NEW YORK, Dec 29- The euro edged higher against the U.S. dollar on Monday after traders who had anticipated that Greece would fail to elect a new president took profits on short euro positions, while the greenback was higher against the yen on new Japanese stimulus. Greek Prime Minister Antonis Samaras' candidate, Stavros Dimas, fell short of the 180 votes needed to...

  • LONDON, Dec 29- The euro held its ground on Monday in the face of renewed nerves over Greece prompted by a failed attempt to elect a new president, leaving the country facing an early national election which could derail its bailout programme. The national election could result in a government led by the leftist Syriza party, which wants to wipe out a big part of...

  • *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.

  • *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...

  • FOREX-Euro on edge ahead of Greek vote Monday, 29 Dec 2014 | 4:07 AM ET

    LONDON, Dec 29- The euro was rooted near two-year lows on Monday ahead of a vote in Greece that could trigger fresh anxiety over the country's future in the single currency zone. That and speculation- quashed by the Swiss National Bank- that the Swiss franc had traded beyond its 1.20 franc per euro cap were the main points of interest over the Christmas holiday...

  • PARIS, Dec 28- The AirAsia aircraft that went missing on Sunday on its way to Singapore from Surabaya in Indonesia was delivered to its operator in 2008 and had recorded 23,000 flight hours on 13,600 flights, manufacturer Airbus said in a statement. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic...

  • AirAsia faces biggest crisis as jet goes missing Sunday, 28 Dec 2014 | 8:48 AM ET

    SINGAPORE/ KUALA LUMPUR, Dec 28- AirAsia was built up from two planes in 2001 to an airline industry titan that operates more than 180 jets in just over a decade but now faces its biggest ever challenge. A dream run for the airline and its flamboyant boss, Tony Fernandes, turned sour on Sunday, as Indonesia AirAsia reported an Airbus 320-200 with 162 people on board...

  • VANCOUVER, Dec 28- When Allan Pulga, a communications manager, found out he was going to be a father, he had to make a tough choice- stay in a tiny downtown condo or leave Vancouver. "When you're a young, single person, you can make Vancouver work financially," said Pulga, who was able to transfer to iQmetrix's Regina office. The average Vancouver- area property- including...

  • US stocks close higher, extending gains for the week Friday, 26 Dec 2014 | 12:40 AM ET

    Wall Street's "Santa Claus" rally kept delivering gifts a day after Christmas. The Dow Jones industrial average, Standard& Poor's 500 index and the Russell 2000 index of small-company stocks closed at all-time highs on Friday. The consumer is in good shape, "said David Chalupnik, head of equities at Nuveen Asset Management.

  • Shares mostly higher in quiet holiday trading Thursday, 25 Dec 2014 | 10:19 PM ET

    Japan's benchmark edged lower after the government reported lackluster inflation, industrial production and household spending for November. KEEPING SCORE: Japan's Nikkei 225 stock index slipped 0.2 percent to 17,779.18 and Singapore's Straits Times index edged 0.1 percent lower to 3,342.20. JAPAN DATA: Japan's inflation rate eased slightly in...

  • SINGAPORE, Dec 26- Gold ticked up in thin post-Christmas trading on Friday, but the metal was headed for a second straight weekly drop as strength in the dollar and equities hurt safe-haven bids for bullion. *Spot gold gained 0.3 percent to $1,177.31 an ounce by 0020 GMT, not too from a three-week low of $1,170.17 hit earlier in the week. *The metal has lost about 1.5...

  • Correction: NKorea-Mystery Outage story Thursday, 25 Dec 2014 | 8:55 AM ET

    LONDON— In a story Dec. 24 about North Korea's Internet outages, The Associated Press reported erroneously that the Falkland Islands are located in the North Atlantic. LONDON— North Korea's microscopic corner of the Internet has had a rough couple of days, suffering seven outages in 48 hours, according to one Web traffic monitor. "A large city block in London or New...

  • LONDON— Got a nifty little drone for Christmas? Especially if you are in Britain. Spokesman Gerry Corbett says drone technology has improved as costs have come down, making the devices much more affordable, but that new users have to follow regulations.

  • *Many markets closed around the region, as well as London, U.S. Markets are closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea, and will be closed later in London and New York. There were some guys taking profits in the dollar-yen this week, but most people seem happy to be caught long, "said Kaneo Ogino, director at...

  • NEW YORK, Dec 24- U.S. shares ended flat on Wednesday, with the Dow industrials eking out a record close after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check. Oil prices resumed declines after the U.S. Energy Information Administration reported a large build in U.S....

  • NEW YORK, Dec 24- Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in. "It's a Christmas flood of oil at a time when refiners and producers usually are letting inventories get lower for end-of-year tax reasons," said Phil...

  • *Brent oil drops back near $60 a barrel. NEW YORK, Dec 24- U.S. shares extended a five-day winning streak on Wednesday after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check. U.S. equity markets will operate on a shortened trading schedule Wednesday, closing at 1 p.m....

  • *Brent seesaws around $60; U.S. crude around $55. Brent seesawed on both sides of $60 and U.S. crude hovered around $55. "It's a Christmas flood of oil at a time when refiners and producers usually are letting inventories get lower for end-of-year tax reasons, but with this flood of supply there's no place to put it," said Phil Flynn, analyst at Price Futures Group in...

  • FOREX-Dollar down from highest levels in nearly 9 years Wednesday, 24 Dec 2014 | 9:42 AM ET

    NEW YORK, Dec 24- Investors trimmed dollar positions during the Christmas holiday lull on Wednesday, pulling the greenback down from its highest point in nearly nine years after strong U.S. economic growth data on Tuesday solidified views of coming Fed rate increases. The dollar index reached a high not seen since March 2006, while the two-year yield on U.S.

  • UPDATE 2-Russia's grain exports stop - farm lobby Wednesday, 24 Dec 2014 | 7:59 AM ET

    *About 3 mln T of grain are now stuck in Russia- Union. *Wheat futures rise on Russia export curbs. Russia's main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt.