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  • *Saudi-led OPEC has kept output steady in fight for market share. SINGAPORE, Jan 23- Sauid Arabia's new king is expected to stick to an OPEC policy of keeping oil output steady to protect the cartel's market share from rival producers, even as energy markets face some of the biggest shifts in decades. Saudi Arabia's King Abdullah died early on Friday and his brother...

  • NEWSMAKER-New Saudi ruler King Salman bin Abdulaziz Thursday, 22 Jan 2015 | 7:22 PM ET

    RIYADH, Jan 23- The death on Friday of Saudi Arabia's King Abdullah means Salman bin Abdulaziz has become the country's new ruler and the last to be born before the discovery of oil in the world's top crude exporter. As king, Salman, 78, will have to navigate regional turmoil caused by wars in Iraq and Syria, as well as a bitter rivalry with Shi'ite Muslim power Iran and...

  • Saudi King Abdullah was a cautious reformer Thursday, 22 Jan 2015 | 7:09 PM ET

    RIYADH, Jan. 23- Saudi Arabia's King Abdullah bin Abdulaziz, born the year the first motorcar bumped through the dusty streets of Riyadh, left a modernizing legacy of cautious social and economic reform. King Abdullah, thought to have been born in 1924, had ruled Saudi Arabia as king since 2006, but had run the country as de facto regent for a decade before that.

  • Need to know: King Salman  Thursday, 22 Jan 2015 | 7:00 PM ET

    Here's what you need to know about Saudi Arabia's new monarch, King Salman bin Abdulaziz.

  • Jan 22- Starbucks Corp on Thursday said director Kevin Johnson would become its president and chief operating officer on March 1, replacing long-time executive Troy Alstead, who said he is taking an extended sabbatical to spend time with his family. Johnson, 54, has been a Starbucks board member since 2009. He was the chief executive of Juniper Networks Inc from...

  • Commodities tomorrow: ECB squeezes oil  Thursday, 22 Jan 2015 | 4:00 PM ET

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. The ECB's QE announcement put downward pressure on oil today, as did a huge weekly build. Nat gas settled down, as well, as inventories were down less than expected. Gold was higher on the day.

  • UPDATE 1-Amazon to buy Israeli start-up Annapurna Labs Thursday, 22 Jan 2015 | 2:47 PM ET

    SAN FRANCISCO/ JERUSALEM, Jan 22- U.S. tech giant Amazon confirmed on Thursday that it has agreed to buy Israeli chipmaker Annapurna Labs for its cloud computing unit, Amazon Web Services. Annapurna Labs is owned by businessman Avigdor Willenz with other investors including British chip designer ARM and venture capital firm Walden International, the...

  • UNITED NATIONS, Jan 22- Four leading European foreign policy officials on Thursday warned that new sanctions legislation against Iran could torpedo efforts to secure a long-term agreement with Tehran to curb its nuclear program. Some prominent U.S. lawmakers are calling for new sanctions to further pressure Iran to compromise in deadlocked nuclear...

  • Israeli man under house arrest for leaked Madonna songs Thursday, 22 Jan 2015 | 11:08 AM ET

    JERUSALEM— An aspiring singer who auditioned for Israel's top TV song competition was placed under house arrest Thursday on suspicion of hacking into international pop star Madonna's computer and stealing and selling unreleased songs, his lawyer said. Police said Israel's cybercrime unit arrested 38- year-old Adi Lederman on Wednesday after an...

  • BUENOS AIRES, Jan 22- The death of a prosecutor investigating the bombing of a Jewish community center was not a suicide, as was initially reported, Argentine President Cristina Fernandez said on Thursday. He had accused Fernandez of trying to derail his investigation into the bombing and was due to present his case to Congress hours later on Monday.

  • *Global Telecom leads gains in Egypt. *UAE Islamic lenders rise after Sharjah Islamic Bank results. DUBAI, Jan 22- Gulf stock markets were mixed on Thursday, coming under pressure from some negative earnings reports but supported by stronger oil, while Egypt established a clear break of major technical resistance.

  • BUENOS AIRES, Jan 22- The death of a prosecutor investigating the bombing of a Jewish community center was not a suicide, as was initially reported, Argentine President Cristina Fernandez said on Thursday. Alberto Nisman, lead investigator into the 1994 attack on the AMIA Jewish center that killed 85 people, was found dead in his apartment late Sunday, a 22 caliber...

  • *Saudi Arabia 2015 growth forecast cut to 3.2 pct from 4.3 pct. *Even Oman, Bahrain to sustain solid growth. As a result, Saudi Arabia's hydrocarbon export revenue in 2015 is forecast to tumble to $213 billion, instead of totalling $290 billion as the September survey predicted.

  • NEW DELHI, Jan 22- India has asked its refiners to slash oil buys from Iran in the next two months to keep the imports in line with the previous fiscal year's levels, sources with knowledge of the matter said, days ahead of President Barack Obama's visit to New Delhi. India and the United States will discuss the status of the Iran nuclear negotiations, Ben Rhodes,...

  • SINGAPORE, Jan 22- Japan could see some "concrete movement" in its real economy in 2015, an economic adviser to Japanese Prime Minister Shinzo Abe said on Thursday, adding that inflation expectations have been rising under the Bank of Japan's monetary stimulus. The Japanese economy will show a powerful upward trend this year, said Etsuro Honda, a University of...

  • VIENNA, Jan 22- Big foreign shareholders in Austrian companies OMV and Telekom Austria could exit agreements with the state following plans by the government to change the way it manages its holdings, a senior official said. Siegfried Wolf, the chairman of state holding company OIAG, made the comments in an interview with magazine News while defending OIAG's...

  • 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...

  • As a group of World Trade Organization members prepares to meet in the Swiss resort of Davos to discuss the 2015 agenda, Froman called for "soul-searching" about the next steps for the 20- year-old institution, which late last year clinched the first global deal in its history. In an opinion piece to be published on Reuters, Froman said success in cutting customs...

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

  • TOKYO, Jan 22- U.S. crude futures fell more than 1 percent on Thursday, giving up almost half the gains from the previous session, after OPEC defended its decision not to intervene to stop a collapse in oil prices since the middle of last year. *OPEC defended on Wednesday its decision not to intervene to halt the oil price plunge, shrugging off warnings by top energy...