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LONDON, April 9- European shares were led up by miners on Tuesday, as investors hoped for more accommodative monetary policy from China after it reported benign inflation data and U.S. firm Alcoa posted solid earnings.

*Sterlite Industries smelter closed after complaints over emissions. "First people said there was a gas leak, and then someone said Sterlite seemed to have opened up something, and that's the cause of the throat burning," said Puneeta, 32, who is married to a fisherman in this port town near the southern tip of India.

SHANGHAI, April 9- China's yuan was little changed on Tuesday after the central bank set its daily midpoint virtually flat, strengthening expectations that authorities will not guide the currency sharply weaker in response to monetary easing by Japan.

*News Corp's Fox says committed to free broadcast signals. LAS VEGAS, April 8- News Corp's Fox TV network raised the stakes in its battle with Web startup Aereo Inc on Monday, threatening to remove itself from the free airwaves entirely and become a cable channel if courts do not shut down the online TV service.

LONDON, April 4- Hedge funds set up to profit from huge market slides are falling out of favour, signalling that investors are increasingly confident leading central banks can avert the kind of meltdown that followed the Lehman Brothers' collapse.

MANILA, April 9- The Asian Development Bank released its 2013 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. The report is available on the ADB's website www.adb.org.

*MSCI Asia ex- Japan rises 0.8 pct, Nikkei adds 0.5 pct. TOKYO, April 9- The yen fell to fresh multi-year lows and Japanese stocks extended gains on Tuesday as effects of the Bank of Japan's aggressive reflationary campaign reverberated through markets, while Asian equities drew support from a solid start to the U.S. quarterly earnings season.

SINGAPORE, April 9- London copper climbed on Tuesday after signs of growth revival in Germany pushed up the euro and buttressed the demand outlook for metals, while buying from top consumer China extended a steady albeit modest seasonal recovery. *The most-traded August copper contract on the Shanghai Futures Exchange rose 1.18 percent to 54,960 yuan a tonne.

Penney shoppers: Meet the new boss. The struggling department store chain parted ways with Chief Executive Ron Johnson, who failed to win over shoppers and investors with his everyday-low-price strategy, and on Monday rehired Johnson's predecessor, former CEO Myron Ullman, to revive the company.

*Technical support seen near 85- to 86- cent range- broker. NEW YORK, April 4- ICE cotton fell on Thursday, as weekly U.S. government export data were not seen as strong enough to boost prices and losses across commodities markets weighed. The most-active May cotton contract on ICE Futures U.S. fell 0.89 cent, or 1 percent, to settle at 88.33 cents per pound.

*IRS to be paid $101.9 million. April 8- Ambac Financial Group Inc on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer's effort to emerge from bankruptcy.

*Restart authorized about a year after field shutdown. RIO DE JANEIRO, April 8- Brazil's oil regulator, the ANP, said on Monday that it authorized Chevron Corp to restart output from an offshore oil field more than a year after a November 2011 spill forced the No. 2 U.S. oil company to stop Brazilian production.

*Dollar poised to break 100 yen level. *Euro shrugs off Portugal worry as Spain, Italy yields fall. NEW YORK, April 8- The yen fell to its lowest against the dollar in nearly four years on Monday and reached a three-year trough versus the euro after the Bank of Japan, in an attempt to eradicate persistent deflation, kicked off an aggressive program of monetary easing.

SINGAPORE, April 9- Gold fell for a second straight day on Tuesday as investors shifted their money into equities after U.S. stocks gained ahead of an earnings season that is expected to show modest growth. *Gold eased $2.33 an ounce to $1,570.76 by 0029 GMT.

April 8- Alcoa Inc, the largest U.S. aluminum producer, reported a higher quarterly profit on Monday thanks in part to strength at its raw materials segment, but lower-than-expected revenue and an uncertain outlook dragged down the company's share price.

Penney shoppers: Meet the new boss. Shares in J.C. Penney rose nearly 11 percent in afterhours trade after a CNBC report that Johnson was out, but then fell 7 percent after the company disclosed full details of the move, including Ullman's return.

April 8- Cisco Systems, IBM and Citrix have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking, aimed at making network management easier and cheaper.

April 8- Alcoa Inc, the largest U.S. aluminum producer, reported an increase in quarterly profit on Monday, helped in part by a stronger performance by its alumina and primary metals segments despite a tough market.