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  • China overtakes US as world's top investment magnet - UN Thursday, 29 Jan 2015 | 12:00 PM ET

    GENEVA, Jan 28- China overtook the flagging United States to become the top destination for foreign direct investment last year, according to the United Nations economic thinktank UNCTAD. That was largely down to a deal between U.S. firm Verizon Communications Inc and its British partner Vodafone, which included a share buyback that reversed $130 billion of...

  • NEW YORK— The plunge in oil has crushed the Russian ruble, erased $80 billion from Exxon Mobil's market value and pushed Venezuela to the brink of economic collapse. But to Justin Thomas, the real drama in oil unfolds on a smaller scale, a story told in tiny, second-by-second moves in prices on his computer screen. "It was quiet, then there was chaos," said Thomas after a...

  • FOREX-Swiss franc under pressure, euro broadly stronger Thursday, 29 Jan 2015 | 11:38 AM ET

    NEW YORK, Jan 29- The Swiss franc dominated trade on major currency markets again on Thursday, weakening against the euro and the U.S. dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback. "Despite all the uncertainties related to Greece, the euro is trading resiliently off the...

  • NEW YORK, Jan 29- Global equity markets eased on Thursday on simmering worries over Greece's new anti-bailout government and the prospect for corporate earnings, but U.S. government debt prices fell on fresh signs of a strong American labor market. On Wall Street, Alibaba Group shares dropped 10.5 percent to $88.12 after its revenue missed expectations.

  • Europe shares close mixed; Shell falls 4% Thursday, 29 Jan 2015 | 11:32 AM ET

    European equities closed mixed on Thursday, with a sharp decline in Shell shares hitting the U.K.'s FTSE 100 index.

  • PARIS/ MUNICH, Jan 29- Airbus Group shook up the management and organisation of the A400M military transport programme on Thursday after the latest in a long series of delays and technical problems to beset Europe's largest defence project. Chief Executive Tom Enders acted two days after apologising in Britain over the problems and promising to draw internal "...

  • *Belarus economy has been hit by economic turmoil in Russia. MINSK, Jan 29- Belarussian President Alexander Lukashenko spooked bond markets on Thursday by speaking of a possible restructuring of $4 billion of Belarussian foreign debt falling due this year, then softened his comments to refer only to refinancing. During a marathon news conference the veteran...

  • Royal Caribbean, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, has been battling tough competition in the Caribbean from smaller rivals such as Europe's MSC Cruises, who offer cheaper packages. "The company continues to experience highly competitive Caribbean pricing through the first quarter, but...

  • Denmark cuts key interest rate to -0.5 percent Thursday, 29 Jan 2015 | 10:50 AM ET

    COPENHAGEN, Denmark— Denmark's central bank has decided to cut its interest rate on certificates of deposit by 0.15 percentage points to -0.5 percent to keep the krone currency stable against the euro. Danmarks Nationalbank says Thursday that the rate reduction will take effect Friday and follows interventions it made in the currency market to keep the...

  • LONDON, Jan 29- Greece's credit rating could be cut if talks with its international creditors do not make progress by the time of Fitch's next review in May, one of the firm's senior ratings directors said on Thursday. Fitch is the last of the big three ratings agencies, after Standard and Poor's and Moody's, to send a warning to Greece's new anti-bailout coalition.

  • Denmark cuts key rate for 3rd time in 2 weeks Thursday, 29 Jan 2015 | 10:34 AM ET
    A Danish two krone coin

    The Danish central bank cut its key policy rate for the third time in two weeks following intervention on the foreign currency market.

  • Milan Expo 2015 tightening security after Paris attacks Thursday, 29 Jan 2015 | 10:31 AM ET

    MILAN— Expo 2015 officials have heightened security measures surrounding the world's fair in Milan, which is expected to attract more than 20 million visitors over six months, following the terror attacks in Paris, the event's commissioner said Thursday. "The events in Paris made us focus even more attention on security, but this is work we started a long time ago,"...

  • *Greece's position unclear, signs of division emerging. BRUSSELS, Jan 29- Greece's new leftist government exasperated its EU allies on Thursday at negotiations over extending sanctions against Russia, leaving the other 27 member states guessing as to whether it would support new sanctions or veto them. Leaders of several EU countries and officials of the bloc...

  • China, US dominate London’s property market Thursday, 29 Jan 2015 | 10:22 AM ET
    The City of London

    China and the U.S. dominate London's property, as the city's lucrative property price rises and rental incomes continue to appeal to foreign buyers.

  • *VW eyes truck holding to integrate MAN, Scania. WOLFSBURG, Germany, Jan 29- Volkswagen should be able to cut costs at its troubled passenger car brand by "substantially more" than the 5 billion euros planned by the German carmaker's top management, its works council chief said. Europe's largest automaker announced plans in July to cut 5 billion euros of costs at its...

  • Supporters of radical leftist Syriza party chant slogans and wave Greek national and other flags after winning elections in Athens, January 25, 2015.

    He may be a socialist, but France's economy minister showed no support on Thursday for Greece's new left-wing government.

  • LONDON, Jan 29- Brent oil futures rose above $49 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. At 1438 GMT, U.S. crude was trading at $44.64 a barrel, up 19 cents off a six-year low hit on Wednesday. Brent was up 53 cents at $49 a barrel.

  • PARIS/ MUNICH, Jan 29- Airbus Group shook up the management and the organisation of the A400M military transport programme on Thursday after the latest in a long series of delays and technical problems to beset Europe's largest defence project. Shares in Airbus Group fell 2.3 percent. The new man in charge of Military Aircraft, Alonso, 58, has been running Airbus...

  • Bosnians split over sale of weapons to Ukraine Thursday, 29 Jan 2015 | 9:32 AM ET

    SARAJEVO, Bosnia-Herzegovina— A Bosnian arms exporter has threatened to sue government officials who are blocking a 5 million-euro deal his company has with Ukraine because of objections from Russia. Pro-Russian Serbs in the government object to weapon exports to Ukraine. Russia on Thursday called on Bosnia not to supply Ukraine with weapons, arguing that...

  • CNH meets 4Q profit forecasts Thursday, 29 Jan 2015 | 9:27 AM ET

    BASILDON ESSEX, United Kingdom _ CNH Industrial NV on Thursday reported fourth-quarter profit of $83 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share. Analysts expected $8.21 billion, according to Zacks.