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  • UK has a 'skills shortage'  Friday, 23 Jan 2015 | 11:30 AM ET

    At Davos, Sir Mike Rake, President of Confederation of British Industry (CBI) and chairman of BT Group says there's a skills shortage in the U.K..

  • 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...

  • *70 pct of cars bought on credit- Citi. LONDON, Jan 23- Shares in European carmakers powered to record highs on Friday as investors bet the European Central Bank's trillion-euro bond-buying plan would drive down the cost of car financing as well as boost eurozone companies' exports. Some 70 percent of cars in developed markets are bought on credit, according to...

  • Ukraine crisis: A 'hot' conflict, not a cold war  Friday, 23 Jan 2015 | 11:00 AM ET

    At Davos, Robin Niblett, Director of Chatham House, says that there could be an inevitable deal between Ukraine and Russia, however if Petro Poroshenko gives up too much, he will lose his political credibility.

  • *Saudi-led OPEC focus set to stay on retaining market share. LONDON, Jan 23- Brent crude oil rose on Friday after the death of Saudi Arabia's king added to uncertainty in oil markets, although the new ruler indicated immediately there would be no policy change. Brent crude rose to a high of $49.80, up $1.28 a barrel, before easing to around $49.20 by 1515 GMT.

  • LONDON/ BUDAPEST, Jan 23- Hungarian Prime Minister Viktor Orban has long irritated European Union partners with economic policies that have burned foreign banks operating in Hungary. Such policies were contributing factors in the banks, including Austria's Raiffeisen and Erste and a unit of Italy's Intesa Sanpaolo, taking write-downs on their Hungarian...

  • *Euro slumps towards $1.11 to 11- year low, bond yields reach new lows. LONDON, Jan 23- The European Central Bank's plan to pump out about 1 trillion euros to revive the euro zone economy put stocks in the region on track for their best week since 2011 but hammered the shared currency. Oil prices rose on hopes for a boost to global growth from the ECB's landmark move,...

  • 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...

  • LONDON— Bradley Cooper is swapping Broadway for London's West End. John Hurt starred in David Lynch's 1980 film adaptation. It closes at New York's Booth Theatre on Feb. 21, and runs at London's Theatre Royal Haymarket from May 19 to Aug. 8.

  • *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...

  • LONDON, Jan 23- The euro hit an 11- year low below $1.13 on Friday, a day after the European Central Bank announced a plan to pump more than a trillion euros into the faltering euro zone economy, and two days before a snap election in Greece. The euro fell to $1.1258 in early European trading on Friday, its lowest since September 2003 and down 0.7 percent on the day.

  • NEW YORK— Oil prices rose initially on news of the death of Saudi Arabia's powerful King Abdullah, but the increase was moderate and short-lived. The benchmark U.S. crude futures contract rose more than $2 a barrel in the hours after the king's death was announced Thursday evening in New York. Brent crude, an international benchmark, was up 80 cents to $49.32 a...

  • OTTAWA, Jan 23- Bank of Canada Governor Stephen Poloz's shock rate cut on Wednesday sent a clear message to financial markets: Don't expect me to hold your hand. Trading floors reacted by selling the Canadian dollar and uttering more than the usual number of expletives, but the move drove home that the central bank has changed its views about a monetary policy tool...

  • *JPMorgan CEO gets first cash bonus in three years. Jan 22- JPMorgan Chase& Co paid Chief Executive Jamie Dimon a first cash bonus in three years, part of a total 2014 pay package of $20 million that was unchanged from the year before. Dimon received a $7.4 million cash incentive bonus, JPMorgan said in a regulatory filing, atop a base salary of $1.5 million and $11.1...

  • NYMEX-U.S. crude jumps $1 after death of Saudi King Thursday, 22 Jan 2015 | 7:17 PM ET

    TOKYO, Jan 23- U.S. crude futures jumped around $1 on Friday after Saudi Arabia announced that King Abdullah had died and his successor, Salman, moved quickly to name his own heir to rule the world's biggest oil exporter. *U.S. crude for March delivery was up $1.05, or 2.2 percent, at $47.36 a barrel by 0016 GMT. *Saudi Arabia's King Abdullah died early on Friday and his...

  • The 29- year-old Standard Chartered economist predicted the Bank of Canada would cut its key interest rate by 50 basis points in March, alone among veteran market watchers who saw no rate move for the full year. "Some analysts may have been drinking from the forward guidance fountain a bit too much," he said from Standard Chartered's New York office where he moved...

  • Jan 22- JPMorgan Chase& Co's Jamie Dimon's compensation in 2014 stayed unchanged at $20 million, but the chief executive officer got a cash bonus, something he was not awarded in 2013.. JPMorgan is the biggest U.S. bank, with $2.6 trillion in assets. Two year ago, Dimon's pay was cut in half to $11.5 million for 2012, which was the year JPMorgan traders handling company...

  • *ECB's QE plan worth more than 1 trillion euros. NEW YORK, Jan 22- Wall Street jumped 1.5 percent and European shares climbed to a seven-year high on Thursday as world markets cheered the European Central Bank's new stimulus program, worth more than 1 trillion euros, while the euro slipped to an 11- year low. "It's likely to impact yields everywhere," said Aaron Kohli, an...

  • WASHINGTON, Jan 22- The U.S. auto safety regulator plans to change its vehicle safety ratings program to include automatic emergency braking systems, putting pressure on automakers to add those features to new cars and trucks, Transportation Secretary Anthony Foxx said on Thursday. The National Highway Traffic Safety Administration will add the braking...

  • *Yemeni President Abd-Rabbu Mansour Hadi resigns. NEW YORK, Jan 22- Crude oil prices pared early losses but still settled lower on Thursday after a government report showed the biggest build in U.S. crude inventory in at least 14 years. "The magnitude of the build in crude came as a surprise," said Andrew Lipow, president of Lipow Oil Associates.