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  • ATHENS, Jan 27- Greek Prime Minister Alexis Tsipras named a cabinet of anti-austerity veterans and halted privatisation of Greece's biggest port on Tuesday, signalling he aims to stick to election pledges despite warning shots from the euro zone and financial markets. Promising to reverse budget cuts and renegotiate Greece's huge debts, Tsipras's leftist...

  • NEW YORK, Jan 27- Oil rose more than 2 percent on Tuesday as a weaker dollar propped up commodities priced in the currency, prompting short-covering in a market that has sold off with little pause over the past seven months. The American Petroleum Institute, an industry group, will release its weekly inventory report at 2130 GMT. "It looks like crude is trying to...

  • Gov. Inslee's cap-and-trade plan makes polluters pay Tuesday, 27 Jan 2015 | 12:47 PM ET

    About three dozen people from across the state testified before the House Environment Committee on a bill to cap the overall amount of carbon emissions in the state and require major polluters to pay for each metric ton of carbon released. Joe Fitzgibbon, D- Burien, who chairs the committee, said the impacts of climate change are real and the state can't afford to...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...

  • EU says near deal with Washington on derivatives rules Tuesday, 27 Jan 2015 | 12:42 PM ET

    LONDON, Jan 27- The European Union and the United States are poised to accept each other's rules on financial derivatives trading in a bid to prevent a global market that supports economic growth from fragmenting, a senior EU official said on Tuesday. The bulk of swaps are traded in London and New York and banks say the prospect of rule clashes is already...

  • Greek markets slide on fears of clash with creditors Tuesday, 27 Jan 2015 | 12:18 PM ET

    *Bank stocks plummet, pulling down Athens index. LONDON, Jan 27- Greek borrowing costs jumped and a dive in bank stocks dragged down the Athens bourse on Tuesday, after weekend elections resulted in an anti-bailout government that looks set on a collision course with the country's creditors. This was up four percentage points since Sunday's vote although down...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...

  • The American Petroleum Institute, an industry group, will release its weekly inventory report at 2130 GMT. Official stockpile data for the Jan. 23 week will be issued on Wednesday by the government's Energy Information Administration, or EIA. "It looks like crude is trying to stabilize out here in the mid- $40 level, thanks to the weaker dollar," said Tariq Zahir,...

  • *Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed on Tuesday.

  • BERLIN, Jan 27- International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia. At a Global Alliance for Vaccines and Immunization conference in Berlin, Microsoft founder Bill Gates and the British government topped the donations list at $1.55 billion and $1.5...

  • ATHENS, Jan 27- Greek Prime Minister Alexis Tsipras unveiled a cabinet of anti-austerity veterans on Tuesday, signaling he has no intention of backing away from election pledges despite warning shots from the euro zone and financial markets. Promising to reverse budget cuts and renegotiate Greece's huge debts, Tsipras's leftist Syriza party stormed to...

  • European stocks end lower after US earning misses Tuesday, 27 Jan 2015 | 11:41 AM ET

    European markets closed down on Tuesday, after a number of Wall Street's biggest firms missed earnings expectations.

  • ZURICH, Jan 27- UBS said on Tuesday it had introduced a charge on deposits for certain large account balances in Switzerland, in a move which follows the surprise jump in the Swiss franc's exchange rate earlier this month. The Swiss National Bank shocked financial markets on Jan. 15 by removing a three-year-old cap on the franc's value against the euro and...

  • Aer Lingus board backs $1.5B IAG offer Tuesday, 27 Jan 2015 | 11:39 AM ET
    An airliner comes in to land at Heathrow Airport in London, Aug. 11, 2014.

    Board of Irish airline recommends raised 1.36 billion euro takeover offer from the owner of British Airways.

  • *Markets giving Greece benefit of the doubt for now. Investors have bid the dollar higher in anticipation that the Fed will be raising interest rates around mid-year as the U.S. economy recovers its growth momentum at the same time major central banks in Europe and Japan are loosening policies to spur activity. Given the durables data people are more wary of the...

  • Just 100 days before the polls, Prime Minister David Cameron's Conservatives and Ed Miliband's Labour party are both stuck on 32-34 percent of the vote, opinion polls show, weakened by surging support for alternative parties such as the UK Independence Party, the Scottish National Party and the Greens. "At the moment you have so many unknowns, it's not...

  • La Scala expects Expo labor dispute to blow over Tuesday, 27 Jan 2015 | 10:16 AM ET

    MILAN— La Scala's general manager says he expects to find a solution to a union dispute over the opening concert for the world's fair Expo 2015 on May 1, which coincides with the traditional labor day holiday. The inaugural Expo concert was placed in doubt after the local CGIL labor federation last week called on its members who work at La Scala to join labor day...

  • TRADE REPRESENTATIVE SAYS AIMS TO CONCLUDE INFORMATION TECHNOLOGY TRADE DEAL, AND ADVANCE TRADE DEAL WITH EUROPE IN 2015.

  • BERLIN, Jan 27- International donors led by Bill Gates and Britain pledged $7.5 billion on Tuesday for vaccines to immunise 300 million children in poor countries against potentially deadly diseases like diarrhoea and pneumonia, Germany's development minister said. At a Global Alliance for Vaccines and Immunisation conference in Berlin, the British...