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  • LONDON, Jan 22- Britain's financial regulator has fined and banned the former chief executive and compliance chief of UK brokerage RP Martin for "compliance and cultural failings" that it said permitted the alleged manipulation of Libor benchmark interest rates. In its first fine on individuals for failings related to a sprawling, global investigation, the...

  • LONDON, Jan 22- Brent crude oil crept above $50 a barrel on Thursday ahead of an expected decision by the European Central Bank to start buying bonds, a move that could push the dollar to new highs and put downward pressure on commodities. "It would be hard to relate this to the ECB decision today," aid Harry Tchilinguirian, an oil analyst at BNP Paribas in London.

  • LONDON, Jan 22- Gold fell further below a five-month high on Thursday, undermined as investors betting on the size and shape of a European Central Bank stimulus programme due later in the day extended a run of gains for shares. Spot gold fell 0.6 percent to $1,285.60 an ounce by 1103 GMT. It climbed to its highest since Aug. 15 at $1,305 on Wednesday, but then fell back...

  • LONDON, Jan 22- Britain's financial regulator has fined and banned the former chief executive and compliance chief of UK interdealer broker RP Martin for "compliance and cultural failings" that it said permitted the alleged manipulation of benchmark interest rates. In its first fine on individuals for failings related to a sprawling, global investigation,...

  • INSIGHT-The smoke around e-cig science Thursday, 22 Jan 2015 | 6:00 AM ET

    *Wide variety of e-cigs a problem for researchers. *Tobacco firms join e-cig companies in sponsoring research. LONDON, Jan 22- From Apple Pie to Bubbly Bubble Gum, Irish Car Bomb or Martian bar- from Mars!

  • PARIS, Jan 22- France and Austria sought on Thursday to break deadlocked talks with nine other European countries over a financial transaction tax, by proposing that it be applied to a wide range of transactions but at low rates from next year. The tax, first proposed in the 1970 s to penalise currency speculators, was seized on by France and Germany in 2012 as a...

  • LONDON, Jan 22- The Danish crown eased against the euro on Thursday, as investors positioned for a second interest rate cut this week from Denmark's central bank as it steps up its fight to ward off upward pressure on the currency. "Investors are alert for a possible rate cut in Denmark," said Niels Christensen, FX strategist at Nordea, Copenhagen.

  • *Euro starts steady in Europe ahead of ECB decision. LONDON, Jan 22- The euro held fast more than a cent above 11- year lows ahead of a European Central Bank policy meeting on Thursday widely expected to embark on the outright money-printing the bank has steadfastly avoided, in contrast to its peers. "The market is convinced the euro will continue to fall, but that the...

  • LONDON, Jan 22- Balfour Beatty said it expected 2014 profit in its troubled construction unit would be reduced by another 70 million pounds after a review found a deterioration in project performance. Balfour issued a string of profit warnings in 2014 and lost its chief executive following the mismanagement of a number of UK contracts. Balfour said on Thursday...

  • PARIS, Jan 22- France and Austria sought on Thursday to break deadlocked talks with nine other European countries for a financial transaction tax by proposing that it be applied to cover a wide range of transactions but at low rates from next year. Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain missed a year-end...

  • Asian stock markets boosted by ECB stimulus plan Thursday, 22 Jan 2015 | 12:11 AM ET

    NEW YORK— A plan to revive Europe's sagging economy rippled through the financial world on Thursday, setting off a rally in the stock market that wiped out its losses for the new year. The pledge by the European Central Bank to spend 1.1 trillion euros on bonds knocked down government borrowing rates across Europe and drove the euro to its lowest level against the...

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • Here are the world’s top-earning soccer teams Wednesday, 21 Jan 2015 | 11:44 PM ET

    Real Madrid topped the soccer money-making league last season, with the U.K.’s Manchester United coming in second, says a new report from Deloitte.

  • *Gold dips on profit taking. SINGAPORE, Jan 22- Gold held below a five-month high on Thursday, hurt by profit-taking ahead of the European Central Bank's decision on stimulus measures, and strength in Asian equities that dented the metal's safe-haven appeal. "Increased liquidity in the euro-region is set to boost the prices of gold, as the precious metal may enjoy...

  • SINGAPORE, Jan 22- Gold eased on Thursday, moving further away from a five-month high above $1,300 an ounce reached in the previous session, hurt by profit-taking ahead of a key European Central Bank meeting. *Spot gold fell 0.2 percent to $1,291 an ounce by 0027 GMT. *In other industry news, Indian gold importers are offering a discount of up to $16 an ounce versus...

  • DIARY- Top Economic Events to Feb 5 Wednesday, 21 Jan 2015 | 7:01 PM ET

    EDINBURGH, Scotland- Bank of England monetary policy committee member David Miles gives a speech at University of Edinburgh on "What can monetary policy do?" LONDON- Bank of England regulator Paul Fisher speaks at the Westminster Business Forum Insurance event- 0925 GMT. LONDON- Bank of England regulator Andrew Gracie gives speech at cyber-security conference...

  • OTTAWA, Jan 21- The Bank of Canada stunned markets by cutting interest rates on Wednesday, citing a threat to economic growth and its inflation targets from the dramatic drop in oil prices and said the bank stood ready to ease policy further if necessary. Governor Stephen Poloz said the central bank's surprise move to stimulate the economy provides "insurance"...

  • LONDON, Jan 21- The British government said on Wednesday it would try to pass a law to force tobacco firms to sell cigarettes in plain packets without branding in England before May, ending years of debate and lobbying over the issue. The move, aimed at improving public health and cutting the number of child smokers, is likely to crimp tobacco firms' profits and would...

  • Not only have the Indian, Danish and now Canadian central banks surprised with interest rate cuts, the Swiss National Bank confounded expectations last week by abandoning its vow to cap the value of the franc against the euro just days after calling the peg a "cornerstone" of Swiss monetary policy. Virtually no economist expected the Bank of Canada to cut rates, as...