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  • LONDON, Jan 29- Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said. It was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said. The former McKinsey consultant steered Standard Chartered through...

  • LONDON, Jan 29- Brent oil futures held above $48 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks. U.S. crude was trading at $44.26 a barrel by 1141 GMT, down 19 cents but off a six-year low hit on Wednesday. "It's a tug of war between the non-supportive fundamentals and investor flows- investors are...

  • Shell aims to restart Arctic drilling this year -CEO Thursday, 29 Jan 2015 | 5:25 AM ET

    LONDON, Jan 29- Royal Dutch Shell is planning to restart oil drilling in the Arctic this year, Chief Executive Ben van Beurden said on Thursday. Van Beurden said he aimed to restart the campaign this year, pending approval of the necessary permits and the conclusion of various legal challenges. "Yes, we are minded to drill in the Chukchi Sea," he told reporters at a...

  • LONDON, Jan 29- Copper, nickel and other metals prices fell on Thursday on worries about excess supplies and after U.S. central bank authorities gave more signals of a looming rate hike which could tighten market liquidity. "Macro forces are largely dominating the market today, and over the near term, market attention will remain fixated on Greece and the Fed," said...

  • SAO PAULO, Jan 29- Banco Bradesco SA, Brazil's second-biggest private sector bank, on Thursday forecast lower lending growth for this year than it estimated for 2014, highlighting the economic headwinds facing Latin America's largest economy. The forecast highlights increased caution as Brazil's economic imbalances and growing skepticism over...

  • LONDON, Jan 29- Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high. By 0928 GMT on Thursday, U.S. crude was trading at about $44.50 a barrel, up 5 cents and off a six-year low hit on Wednesday. "It's a tug of war between the non-supportive fundamentals and investor flows- investors...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year. Greece, where a radical leftist prime minister took over on Monday, also kept investors...

  • FOREX-Dollar firm post-Fed, franc eyed for intervention Thursday, 29 Jan 2015 | 4:12 AM ET

    LONDON, Jan 29- The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which, with some caveats, was read as keeping the bank on track to raise interest rates later this year. That prodded U.S. bond yields lower, but the overall picture, of a steadily improving U.S. economy while Europe and Japan remain mired...

  • UPDATE 1-Kaz Minerals hits annual copper output target Thursday, 29 Jan 2015 | 3:20 AM ET

    LONDON, Jan 29- Copper miner Kaz Minerals, formerly known as Kazakhmys, hit its production target for last year and made its first shipment of concentrate from its new copper and gold mine at Bozymchak in December, it said on Thursday. The London- listed company produced 294,000 tonnes of copper cathode equivalent in 2013. After the completion of a restructuring...

  • Shell to revive plans to drill in Arctic Thursday, 29 Jan 2015 | 2:46 AM ET

    LONDON— Royal Dutch Shell Plc plans to resume drilling in Alaska this year even as it plans to cut spending by $15 billion over the next three years because of the drop in oil prices. "We're planning on drilling in Alaska in 2015 subject to getting the permits and legal clearance," van Beurden said on a conference call with reporters. The company, which suspended...

  • MOSCOW, Jan 29- Russian food retailer Lenta said on Thursday its sales growth slowed in the fourth quarter to 30.6 percent from 32.9 percent in the previous quarter as consumers tightened spending amid soaring inflation. "It is clear that the economy will face further challenges in 2015," said Jan Dunning, Lenta Chief Executive Officer. Lenta, which raised about...

  • The Finland- based company said revenue grew to 3.8 billion euros in the period from 3.48 billion euros a year earlier, when it reported a net loss of 26 million euros. CEO Rajeev Suri noted strong growth in all operations— networks, mapping services and technologies and licenses— after selling its loss-making devices and services to Microsoft in April.

  • Russia's Polymetal Q4 revenue up 4 pct Thursday, 29 Jan 2015 | 2:08 AM ET

    MOSCOW, Jan 29- Russian precious metals miner Polymetal said on Thursday its revenues had increased 4 percent in the fourth quarter of 2014, year-on-year, to $513 million. Full-year 2014 gold equivalent production reached 1.43 million troy ounces, up 12 percent, said the London- listed company, part-owned by Russian businessman Alexander Nesis.

  • British woman extradited to US can go home within weeks Thursday, 29 Jan 2015 | 2:00 AM ET

    GREENBELT, Md.— A British woman who with her husband lost a long and public fight against being extradited to the United States to face fraud charges will be able to return home within weeks. A judge on Thursday said Sandra Dunham, who pleaded guilty to stealing $1 million from a US-based electronics company, must serve 18 days of home confinement before she can...

  • MISRATA, Libya, Jan 29- A power struggle between two rival governments that threatens to tear Libya apart has started to take its toll on Misrata, an important shipping and industrial hub that had shrugged off the turmoil until now. Oil production has collapsed to a fifth of what Libya used to pump before the NATO- backed uprising, while wheat imports and other...

  • NEW YORK, Jan 29- When Marty Weinstein decided to quit smoking, he took a friend's advice and tried electronic cigarettes rather than government-approved nicotine replacement products. E-cigarette makers in the United States are barred from explicitly marketing the products as smoking cessation devices, but have found ways to appeal legally to smokers who...

  • DIARY- Top Economic Events to Feb 11 Wednesday, 28 Jan 2015 | 7:01 PM ET

    FAIRFAX, United States- Federal Reserve Board Governor Daniel Tarullo speaks on "Advancing Macroprudential Policy Objectives" before the Office of Financial Research and Financial Stability Oversight Council 4th Annual Conference: Evaluating Macroprudential Tools: Complementarities and Conflicts "- 1745 GMT. SARASOTA, United States- Federal Reserve...

  • DUBLIN, Jan 28- Bank of England Governor Mark Carney urged the euro zone to take the controversial step of turning its currency area into a fiscal union in order to escape its slow-growth debt trap- a call likely to be rebuffed by Germany. Such calls have previously met with resistance from Germany and some other euro zone countries who fear their taxpayers could...

  • *U.S. crude hits session low at $44.08, lowest since April 2009. NEW YORK, Jan 28- Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer. It sank to as low as $44.08 before the close,...

  • NEW YORK, Jan 28- Oil prices fell on Wednesday after the U.S. government reported record-high crude inventories, adding to anxieties about the global glut that has pressured the market since last summer. Benchmark Brent crude oil was down 84 cents at $48.76 a barrel by 1:07 p.m. ET, after making a session low at $48.65. U.S. crude dropped $1.39 to $44.84, after...