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  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion to expand in the growing bagged and hot cereal categories, sending its shares up as much as 9 percent. U.S. sales of bagged cereals grew 5.6 percent annually in the past four years, even though overall sales of cereals fell, Post said, quoting data...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post has been aggressively pursuing deals since it was spun off from Ralcorp Holdings in 2012. The cereal maker said in April that it would buy egg and dairy producer and...

  • Jan 23- Kimberly-Clark Corp is set to increase advertising and promotional spending for its diapers and launch new products in an escalating war with bigger rival Procter and Gamble Co in North America. Industry analysts say moms are either going upscale and choosing Pampers or going down-market with Luvs, both P&G brands, leaving Kimberly-Clark's mid-tier...

  • LONDON, Jan 23- Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said on Friday. Worried by the increasing rate of attacks on banks by Internet hacks, the BoE surveyed 36 financial firms and banks in Britain and found no immediate critical shortcomings in their defences.

  • ZURICH, Jan 23- UBS did not suffer any losses overall in its trading business after the Swiss National Bank's decision to abandon its currency cap, the bank said on Friday, confirming it would return cash to shareholders after a restructuring. Zurich- based UBS is the third of Switzerland's three biggest listed banks to say it did not suffer losses after the SNB...

  • *China manufacturing PMI next in focus. SYDNEY, Jan 23- The euro wallowed at 11- year lows early on Friday after suffering a massive decline as the European Central Bank launched a stimulus program that would pump hundreds of billions in new money into a sagging euro zone economy. The common currency tumbled to $1.1316 as the market took in news that the ECB would...

  • Tech will 'transform' banking: Barclays boss  Thursday, 22 Jan 2015 | 3:00 AM ET

    Speaking at the World Economic Forum in Davos, Antony Jenkins, CEO of Barclays, says that banking technology is making the lives of customers easier.

  • Antony Jenkins, CEO of Barclays, says the company is working with the regulators to resolve litigation issues and hopes to put some of those problems behind it in 2015.

  • ECB planned bond buys reported at 50 billion euros a month. TOKYO, Jan 22- Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying programme the European Central Bank is poised to unveil later in the day as it attempts to revive the flagging euro zone economy. Britain's FTSE was forecast to open flat,...

  • NEW YORK, Jan 21- U.S. Treasuries fell in midday New York trade on Wednesday, pulling the yield up from near record lows, in reaction to reports the European Central Bank has proposed 50 billion euros worth of monthly bond purchases. "The market seems to be taking that as a positive risk-on event and so we are seeing equities higher, commodities higher, yields higher,"...

  • Oil settles 5% lower after IMF cuts growth outlook Tuesday, 20 Jan 2015 | 2:34 PM ET

    Brent crude prices steadied below $49 a barrel after the IMF cut its forecast for global economic growth in 2015 implying lower demand for fuel.

  • Dollar rises to 1-week high vs yen after China data Tuesday, 20 Jan 2015 | 5:32 AM ET

    The dollar hit a one-week high against the yen after China growth data was not as bad as many had feared, curbing demand for the safe-haven Japanese currency.

  • UPDATE 4-Oil prices dip on weak China GDP data Tuesday, 20 Jan 2015 | 3:23 AM ET

    SINGAPORE, Jan 20- Oil markets dipped on Tuesday as China's economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply. The world's second-largest economy grew 7.4 percent last year, China's National Bureau of Statistics...

  • TOKYO, Jan 20- Shortcovering helped lift the dollar to a one-week high against the yen on Tuesday after China growth data was not as bad as many feared, while the euro remained under pressure ahead of possible easing steps by the European Central Bank as early as this week. "It's pretty clear, given the monthly activity data and broad trends elsewhere, that China...

  • HONG KONG, Jan 20- Chinese property companies are having to turn to more expensive sources of finance as problems at developer Kaisa Group make it increasingly difficult for them to get credit in the offshore market. Kaisa's failure this month to make an interest payment on a dollar bond has left investors worried about whether other developers can service...

  • UPDATE 1-Oil markets dip on weak China GDP data Monday, 19 Jan 2015 | 10:22 PM ET

    SINGAPORE, Jan 20- Oil markets dipped on Tuesday as China's economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply. The world's second-largest economy grew 7.4 percent last year, China's National Bureau of Statistics...

  • Oil markets open cautiously ahead of China GDP data Monday, 19 Jan 2015 | 8:35 PM ET

    SINGAPORE, Jan 20- Oil markets opened to cautious trading in Asia on Tuesday ahead of data expected to show China's economy grew at the slowest pace in 24 years in 2014, stoking worries in energy markets already suffering from slowing demand and oversupply. Brent crude futures were trading at $48.90 per barrel at 0115 GMT, close to their last settlement, while U.S....

  • *China 4th quarter GDP report awaited. TOKYO, Jan 20- The euro faced pressure on Tuesday as investors positioned for possible easing steps by the European Central Bank as early as this week, while the dollar edged up on the yen after a U.S. holiday. "We expect the ECB to announce the expansion of its asset purchase program to include European government bonds at its 22...

  • Bank of Japan: To bazooka or not Monday, 19 Jan 2015 | 5:46 PM ET

    Cheaper oil prices may slow inflation, and force the Bank of Japan to miss their 2 percent target, but opinions are divided over their next step.

  • Chinese developers keep chin up even as prices cool Sunday, 18 Jan 2015 | 10:35 PM ET

    Despite falling prices and mounting inventories, Chinese developers are upbeat on business prospects for the coming months, according to a new survey.