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  • The common currency last traded at $1.1245, off Monday's low of $1.1098- a level not seen since September 2003. However, buyers emerged in London and New York. "Perhaps the market rightly or wrongly is pinning some hopes on Mr Tsipras being more conciliatory," David de Garis, senior economist at National Australia Bank, wrote in a note to clients.

  • UPDATE 9-Oil slides despite OPEC talk of a floor Monday, 26 Jan 2015 | 4:22 PM ET

    *Oil may have hit a floor, OPEC secretary general says. NEW YORK, Jan 26- Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. Following the restart of a major U.S. Midwest refinery unit, the Brent/WTI spread narrowed to $3.01 after...

  • NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses sustained during two days of dramatic selling, with the final push down to a fresh 11- year low coming after elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • Mouth strips only on sale in Manchester and online for now. LONDON, Jan 25- Imperial Tobacco Group, the world's third largest cigarette maker, is moving into caffeine as more people kick the deadly smoking habit, launching a melt-in-your-mouth strip designed to give an energy boost in seconds. For now it is only sold in the English city of Manchester and online.

  • *S&P cuts Russia's sovereign credit rating. MOSCOW, Jan 26- Ratings agency S&P cut Russia's sovereign credit rating to below investment grade, or "junk" status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia's economic growth prospects- hit by low oil prices and Western...

  • *MSCI global share index up slightly. The electoral results spurred concern over new instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The MSCI's global share index was up 0.2 percent, while the S&P 500 was nearly flat.

  • S&P downgrades Russia credit rating to junk Monday, 26 Jan 2015 | 1:27 PM ET

    LONDON— Standard& Poor's rating agency on Monday downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook. Russia's economy has been hit hard by the double impact of weaker prices for its energy exports as well as Western sanctions. Standard& Poor's said that Russia's financial system is weakening, limiting room for...

  • LONDON— Standard& Poor's rating agency downgrades Russia credit grade to junk level.

  • METALS-Copper recovers after hitting 5-1/2 year low Monday, 26 Jan 2015 | 1:13 PM ET

    LONDON, Jan 26- Copper recovered from a 5-1/ 2- year low on Monday, with investors shaking off worries over the Greek election result while speculation grew that China is again filling state metal reserves. The victory by Greece's leftist Syriza party spurred concern about euro zone instability, but the possibility of Greece leaving the bloc was seen as remote...

  • The National Weather Service issued a blizzard warning for New York City and surrounding areas between coastal New Jersey and Connecticut, beginning 1:00 p.m. EST on Monday and worsening overnight into Tuesday morning. It warned of two days of winter storms across the East Coast, from Pennsylvania to Maine. "Crude is getting some help from supportive heating...

  • FOREX-Euro ricochets off lows following Greek vote Monday, 26 Jan 2015 | 11:57 AM ET

    NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses from two days of dramatic selling, with the final push down to a fresh 11- year low coming after the results of elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.

  • *MSCI world shares, U.S. stocks edge lower. The victory by the Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. "The ongoing display of angst is that Greece removes itself from the euro zone.

  • BRUSSELS— For a man long seen as the eurozone's worst nightmare, Alexis Tsipras has had a smooth first day as prime minister of Greece. But concerns of a disastrous confrontation— in which, say, Greece might stop repaying its loans or the eurozone stop funding Athens— eased on Monday after both sides said they were open to negotiation. Besides calling for the...

  • *China pushing for greater recognition of yuan. LONDON/ WASHINGTON, Jan 26- China is expected to make another push for the inclusion of the yuan in the International Monetary Fund's in-house currency basket in a review later this year- and this time round its G20 partners may be willing to listen. One Asian G20 source said it would be welcomed by those like South...

  • SHANGHAI, Jan 26- Iron ore prices hit their lowest in 5-1/ 2 years on Monday despite some loss-making Chinese steel mills curbing output, as ore supplies remained abundant and as concerns persisted about the outlook for economic growth in China this year. The benchmark 62 percent grade iron ore for immediate delivery to China fell 3.9 percent to $63.30 a tonne to...

  • LONDON, Jan 26- Work has started on converting Centre Point, the towering 1960 s office building at the east end of London's Oxford Street, into luxury apartments, developer Almacantar said on Monday. The Richard Seifert- designed tower will be one of the most prominent buildings to switch from commercial to residential use in London's West End as developers cash...

  • BEIJING, Jan 26- Chinese investors are set to fork out $20 billion on offshore property this year, up 21 percent on 2014 as more domestic real estate developers and insurers internationalize their holdings, Jones Lang LaSalle Inc said on Monday. "The easing of restrictions over the last a few years by the Chinese government has... much easier for institutions as well...

  • *Shanghai copper hits downside limit, at lowest since July 2009. LONDON, Jan 26- Copper prices spiraled to a 5-1/ 2- year low on Monday amid uncertainty about stability in Europe after Greek elections and worries about Chinese economic growth. Three-month copper on the London Metal Exchange touched a session low of $5,339.50 a tonne, its weakest since July 2009.

  • *Syriza victory in Greece stokes concerns over Europe instability. Syriza leader Alexis Tsipras promised Greeks on Sunday that the five years of austerity imposed under bailout programmes worth 240 billion euros from the European Union and the International Monetary Fund were over. Expectations that a compromise can be reached between Athens and its...

  • 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...