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  • Indonesian official: Prospects bleak for missing jet Monday, 29 Dec 2014 | 1:56 AM ET

    SURABAYA, Indonesia— As search crews on Monday scoured the Indonesian waters where an AirAsia jet carrying 162 people is believed to have gone down, officials predicted a tragic ending to the region's latest aviation mystery. AirAsia Flight 8501 vanished Sunday morning in airspace thick with storm clouds on its way from Surabaya, Indonesia, to Singapore.

  • 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...

  • ABINSK, Russia, Dec 28- As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples. A day after Russia decreed Polish apples forbidden, Gennady Timchenko, who made a fortune from oil trading during Putin's years in power, applied to buy a large stake in one of Russia's biggest apple producers.

  • 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...

  • German central bank chief: cheap oil is stimulus Sunday, 28 Dec 2014 | 7:27 AM ET

    BERLIN— The president of Germany's central bank is questioning the need for the European Central Bank to embark on a new bond-buying program when the continent is being "gifted a stimulus program" by low oil prices. The ECB is considering whether and how to offer more stimulus for the sluggish eurozone economy, perhaps in the form of large-scale purchases of...

  • Missing flight is 3rd Malaysia-linked incident Sunday, 28 Dec 2014 | 4:13 AM ET

    JAKARTA, Indonesia— The disappearance Sunday of AirAsia Flight 8501 was the third air incident this year involving Malaysia, where budget carrier AirAsia in based. Here's a look at the two other disasters, as well as the latest missing flight, which went missing with 162 people aboard less than an hour after taking off from Surabaya, Indonesia, for Singapore.

  • Indonesian official: Prospects bleak for missing jet Sunday, 28 Dec 2014 | 12:13 AM ET

    JAKARTA, Indonesia— An astonishingly tragic year for air travel in Southeast Asia turned worse Sunday when an AirAsia plane carrying 162 people disappeared over stormy Indonesian waters, with no word on its fate despite several hours of searching by air and sea. The Malaysia- based carrier's loss comes on top of the still-unexplained disappearance of...

  • BEIRUT/ CAIRO, Dec 27- Syria said on Saturday it was willing to participate in "preliminary consultations" in Moscow aimed at restarting talks next year to end its civil war but the Western-backed opposition dismissed the initiative. Syrian state television quoted a source at the foreign ministry saying: " Syria is ready to participate in preliminary...

  • BEIRUT/ CAIRO, Dec 27- Syria said on Saturday it is willing to participate in "preliminary consultations" in Moscow aimed at restarting peace talks next year to end its civil war. Syrian state television quoted a source at the foreign ministry saying " Syria is ready to participate in preliminary consultations in Moscow in order to meet the aspirations of Syrians...

  • BEIRUT, Dec 27- Syria said on Saturday it is willing to participate in "preliminary consultations" in Moscow aimed at restarting peace talks next year to end its civil war. "Syria is ready to participate in preliminary consultations in Moscow in order to meet the aspirations of Syrians to find a way out of crisis," state television said, quoting a source at the Syrian...

  • Germany: Greece must stick to existing agreements Saturday, 27 Dec 2014 | 4:09 AM ET

    BERLIN— Germany's finance minister says any new Greek government would have to stick to agreements made by its predecessors— comments that come as Greece risks early elections that could bring an anti-bailout opposition party to power. German Finance Minister Wolfgang Schaeuble told Saturday's Bild daily that he'll continue to support Greece on its "path...

  • China challenges India's polished diamond throne Thursday, 25 Dec 2014 | 7:18 PM ET

    *India seeks help from Russia to defend market share. NEW DELHI, Dec 26- India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in...

  • 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....

  • *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....

  • Smith & Nephew outperforms sluggish European markets Wednesday, 24 Dec 2014 | 8:43 AM ET

    *UK's FTSE 100 rises 0.2 pct to 6,609.93 points. The 7.7 percent jump in Smith& Nephew, after Bloomberg News reported U.S. rival Stryker was planning a takeover offer for it, allowed Britain's blue-chip FTSE 100 index to end 0.2 percent higher at 6,609.93 points. France's CAC ended down 0.4 percent as data showing another set of record unemployment figures in...

  • LONDON, Dec 24- Brent oil fell on Wednesday, trading around $60 per barrel weighed down by strong supply in the United States and a rising dollar. Brent for February delivery was down $1.50 to $60.19 at 1327 GMT after gaining $1.58 on Tuesday. In Europe, gasoline stocks reached their highest in five months in the Amsterdam- Rotterdam- Antwerp oil hub, data from PJK...

  • 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.

  • HeidelbergCement offloads Hanson unit for $1.4 bln Wednesday, 24 Dec 2014 | 7:48 AM ET

    BERLIN— Germany's HeidelbergCement AG says it is selling its North American and British brick and concrete pipe business, Hanson Building Products, to an American affiliate of investor Lone Star Funds in a deal worth $1.4 billion. HeidelbergCement said Wednesday it expects the transaction to close in the first quarter. HeidelbergCement CEO Bernd Scheifele...

  • UPDATE 1-Russia may fail to supply wheat to Egypt in Jan Wednesday, 24 Dec 2014 | 4:49 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's state buyer GASC in January as its exports have been effectively suspended by informal government curbs, Arkady Zlochevsky, the head of Russia's Grain Union, said on Wednesday. Russia's government imposed informal curbs with tougher quality monitoring and limits on railroad loadings earlier this...

  • Dec 24- Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation. The newspaper said that one of the documents states that DAF Trucks, Daimler, Iveco, Scania, Volvo and MAN "agreed the timing and price increase...