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  • RUSSIAN ECONOMY MINISTER ULYUKAYEV SEES SEES GDP CONTRACTING BY 3 PCT IN 2015- INTERFAX.

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unusual procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en route...

  • WARSAW, Jan 31- U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Exxon Mobil, Total and Marathon Oil have also stopped shale gas exploration in Poland over the past three years. Governments in eastern Europe, especially Poland,...

  • Chevron to stop its shale gas exploration in Poland Saturday, 31 Jan 2015 | 6:24 AM ET

    WARSAW, Jan 31- U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Chevron's Polish unit "has decided to discontinue shale gas operations in Poland as the opportunities here no longer compete favorably with other...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. Late on Friday, a source close to the French president's office told Reuters that President Francois Hollande and German Chancellor Angela Merkel "agreed that it is important to...

  • PARIS/ ATHENS, Jan 31- Greek finance minister Yanis Varoufakis will meet with his French counterpart Michel Sapin in Paris on Sunday, the French finance ministry said on Saturday. The meeting will take place at 5 p.m. local time on Sunday and the two ministers will make a joint statement to media at 6.30 p.m., the ministry said in a statement. No one at the Greek finance...

  • HELSINKI, Jan 31- A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikanen said on Saturday. Europe's bailout programme for Greece, part of a 240- billion-euro rescue package along with the International Monetary Fund, expires on...

  • BERLIN— German Chancellor Angela Merkel has underlined the refusal of Greece's European creditors to consider forgiving part of the debt-ridden country's rescue loans, though she stressed in an interview published Saturday that Berlin's aim is to keep Greece in the eurozone. Merkel said in an interview with the daily Berliner Morgenpost that Europe will...

  • BEIJING, Jan 31- China Minsheng Banking Corp said on Saturday that its president Mao Xiaofeng had resigned for personal reasons, hours after several Chinese media outlets reported he was being investigated by China's anti-corruption watchdog. The reports said Mao had been taken away earlier this week by the Central Commission for Discipline Inspection, the...

  • WASHINGTON— It flew through the Republican-run House in 2012, and a year later 79 of the Democratic-led Senate's 100 members embraced it. With Republicans now controlling both chambers of Congress, the chances for repealing the 2.3 percent tax on medical devices are better than ever. Created under Obama's expansion of health care coverage, the tax will raise...

  • VIENNA, Feb 1- The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe. In the early 1990 s, people living in the west of the country who crossed into Switzerland to work were lured by the ultra low interest rates offered in the...

  • Panasonic withdraws from TV production in China: source Saturday, 31 Jan 2015 | 12:48 AM ET

    TOKYO, Jan 31- Panasonic Corp has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure. The source, who did not want to be identified because the move had not yet been announced to the...

  • What slowing economy? US consumers are in a mood to spend Saturday, 31 Jan 2015 | 12:05 AM ET

    WASHINGTON— There's a good reason the U.S. economy is impressing the world right now despite a slowdown in the final three months of 2014: In a word, steadiness. Companies have been hiring at healthy rates for the past year. "This hasn't changed my picture on the strength and resilience of the U.S. economy," said Scott Anderson, chief economist at the Bank of the West.

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en...

  • LOS ANGELES, Jan 30- California's Kern County was put on notice for a possible downgrade on Friday by ratings agency Moody's Investor Service, three days after the county declared a fiscal emergency. On Tuesday, Kern County in California's Central Valley declared a fiscal emergency, citing plunging oil prices and growing pension debt as the main reasons for a...

  • MINNEAPOLIS— The Roman Catholic Archdiocese of St. Paul and Minneapolis has assets totaling more than $45 million— including about $11 million in real estate— according to a schedule of assets and liabilities filed Friday in U.S. Bankruptcy Court. Archdiocese leaders have said bankruptcy is the best way to fairly compensate victims of clergy sexual abuse...

  • In a speech laying out his conditions for supporting trade deals, Republican Orrin Hatch said addressing currency concerns was key to winning lawmakers' support for a bill to fast-track trade agreements through Congress, and deals such as the Trans-Pacific Partnership. "The administration must engage much more effectively with Congress on this issue if...

  • CHICAGO— Two suburban Chicago men were sentenced to prison time Friday for defrauding customers of a cash-management firm out of more than $665 million before the company collapsed in 2007.. Eric Bloom, 49, of Northbrook, was accused of misappropriating customers' securities by using them as collateral for a loan received from the Bank of New York Mellon Corp....

  • SAN FRANCISCO— Uber Technologies says that if you catch a ride with one of its drivers, your personal and financial data are safe— from Uber itself. The ride-booking company on Friday used a blog post to release the results of what it described as a thorough outside examination of its privacy and personal data policies. While popular with users and investors, the...

  • Uber probed by U.S. judge on driver benefits Friday, 30 Jan 2015 | 7:19 PM ET

    SAN FRANCISCO, Jan 30- A U.S. judge appeared skeptical on Friday about Uber's bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley's sharing economy. App-based ride service Uber, and smaller rival Lyft, face separate lawsuits seeking class action status in San Francisco federal court,...