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  • Jan 26- Iron ore and coal miner Cliffs Natural Resources Inc said it reduced net debt by $400 million and scrapped its quarterly dividend to cut more debt. Cliffs wrote down the value of its coal and iron ore assets by about $6 billion in October due to weak prices, and warned a month later that it might have to close its Bloom Lake iron ore mine in Quebec.

  • 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...

  • 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...

  • NEW YORK, Jan 23- The billionaire hedge fund manager Louis Bacon has filed a $50 million defamation lawsuit against the Canadian fashion designer Peter Nygård, escalating a long-running battle between the owners of neighboring properties in an exclusive gated community in the Bahamas. Nygård "caused these brazen lies to be published with actual malice and...

  • Currency war: Who will be the casualties? Friday, 23 Jan 2015 | 9:45 AM ET
    An employee counts fifty euro banknotes at his desk inside a Travelex store, operated by Travelex Holdings in London.

    Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.

  • OTTAWA, Jan 23- Lower gasoline costs pulled down the Canadian annual inflation rate in December to a nine-month low, Statistics Canada said on Friday, two days after the Bank of Canada cut interest rates due to slumping oil prices. But in a sign that inflation was not totally benign, the measure of core inflation- which strips out the prices of some volatile items and...

  • PARK CITY, Utah— An Academy Award nomination is an incomparable stamp of approval for any film— and for an indie feature coming out of the Sundance Film Festival, in some cases, it's a downright miracle. "Because filmmakers, studios, producers are seeing a lot of Oscar movies begin to come out of Sundance, I think they're looking at Sundance as a strategy to put the...

  • 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...

  • State, contractor still battling over viaduct project Thursday, 22 Jan 2015 | 8:23 PM ET

    SEATTLE— The manager for the troubled Alaskan Way Viaduct replacement project told lawmakers Thursday that the state and the contractor are still battling over tens of millions of dollars in repairs dating back to 2012, but even if the contractor declares bankruptcy tomorrow, the project could still be completed. The state House Transportation Committee...

  • TORONTO, Jan 22- A Canadian Supreme Court ruling on Thursday about a tiny landfill deal in British Columbia is set to make it a lot harder for Canada's competition watchdog to challenge potentially anti-competitive deals between companies, lawyers said. The ruling by Canada's top court foiled the Competition Bureau's bid to unwind privately-held Tervita's...

  • TORONTO/ MONTREAL, Jan 22- The United States will throw its support behind a proposal by the U.N.' s aviation agency to share information about risks to commercial aircraft over conflict zones after the downing of a Malaysian jet in Ukraine last year, according to a senior U.S. official. The Malaysian passenger plane, flying from Amsterdam to Kuala Lumpur, was shot...

  • ST. CATHARINES, Ontario, Jan 22- Canadian Prime Minister Stephen Harper voiced complete confidence in the Bank of Canada on Thursday, a day after it stunned markets by cutting interest rates amid a plunge in oil prices. Harper said the economy did not need stimulus measures and noted the Bank of Canada was still predicting some growth this year.

  • NEW YORK/ LONDON, Jan 22- Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank launched a multi-billion euro bond-buying program aimed at reviving a sagging euro zone economy. Gold is usually seen as a hedge against inflationary concerns. "Gold is reacting to what Draghi has to say, to the bigger...

  • ST. CATHARINES, Ontario, Jan 22- Canadian Prime Minister Stephen Harper voiced complete confidence in the Bank of Canada on Thursday and said its surprise interest rate cut this week was appropriate. The Bank of Canada stunned markets by cutting interest rates on Wednesday, citing a threat to economic growth and its inflation targets from the oil price plunge...

  • WASHINGTON— Responding to recent incidents in which airliners vanished, U.S. accident investigators recommended Thursday that all passenger planes making long flights over water carry improved technology that will allow them to be found more readily in the event of a crash. Prompted in part by the disappearance of Malaysia Airlines flight 370 and its 239...

  • NEW YORK, Jan 22- The euro sank to a more than 11- year low against the dollar and a three-month low against the yen on Thursday after the European Central Bank launched a landmark bond-buying program that will pump hundreds of billions into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016...

  • UPDATE 1-Agrium shares rise on dividend, buy-back news Thursday, 22 Jan 2015 | 12:59 PM ET

    Jan 22- Canadian fertilizer and farm retail dealer Agrium Inc said it would pay out a larger percentage of its free cash flow as dividends and buy back up to 5 percent of its shares, driving its stock up as much as 5.6 percent. Agrium said it would pay out 40-50 percent of its free cash flow as dividends, up from its earlier target of 25-35 percent. Agrium, which mines...

  • NEW YORK— Royal Bank of Canada plans to boost its services for wealthy clients by paying about $5.4 billion in cash and stock to buy U.S.-based City National. City National is a Los Angeles wealth management company and lender that serves high net worth individuals and businesses. City National said it has $32.6 billion in assets and manages or administers...

  • 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.