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  • BERLIN, Jan 29- Annual inflation in Germany turned negative in January for the first time since the height of the global financial crisis in 2009, suggesting the euro zone rate could drop further and possibly vindicating the ECB's bond-buying programme. Preliminary data on Thursday showed consumer prices in Europe's largest economy, harmonised to compare...

  • The American Petroleum Institute said late on Tuesday that U.S. crude stocks jumped by a massive 12.7 million barrels last week, triple the volume expected, and including a 2 million barrel increase at Cushing, Oklahoma, the delivery point of the U.S. oil contract. If confirmed by official data from the U.S. Energy Information Administration at 1530 GMT on...

  • *Surprise monetary easing in Singapore helps U.S. dollar. LONDON, Jan 28- The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, although gains were muted before a statement from the Federal Reserve after its policy meeting. "The Fed is going to be patient and we could see investors price out chances of a...

  • *Surprise monetary easing in Singapore helps U.S. dollar. LONDON, Jan 28- The dollar rose against a basket of currencies on Wednesday, recouping some of the previous day's sharp losses, on expectations the Federal Reserve is unlikely to deliver significant changes to its policy outlook. "The Fed is going to be patient and we could see investors price out chances of a...

  • LONDON, Jan 27- Copper slid on Tuesday back towards the prior session's 5-1/ 2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories. Data showed China's factory profits grew at their weakest rate in two years in 2014 as economic growth slipped to a 24- year low, underscoring the challenges the country...

  • LONDON, Jan 27- Brent crude futures held above $48 on Tuesday as a weaker dollar offset the impact of a global supply glut, with traders questioning if the nearly 60 percent price fall since June has run its course. Brent hit $45.19 on Jan. 13, the lowest since 2009 and down from a June 2014 peak of $115.71, but has since traded in a narrow band of $47- $50.62.

  • LONDON, Jan 27- Brent crude oil future prices held above $48 on Tuesday as a weaker dollar offset the impact of a global supply glut, with traders questioning if the nearly 60 percent price fall since June has run its course. Brent hit $45.19 on Jan. 13, the lowest since 2009 and down from a June 2014 peak of $115.71, but has since traded in a narrow band of $47- $50.62.

  • MOSCOW, Jan 27- Russian stocks are expected to open sharply weaker on Tuesday, after ratings agency S&P downgraded Russia's sovereign credit rating to' junk' late on Monday, but the rouble could strengthen since it already took a heavy hit in the previous session. S&P cut Russia's rating from BBB- to BB+, citing Russia's weakened economic growth prospects, hit by low...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • UPDATE 6-Oil prices slip after smooth Saudi transition Monday, 26 Jan 2015 | 10:16 AM ET

    *OPEC secretary-general comments fail to sustain bounce. LONDON, Jan 26- Oil prices slipped on Monday after Saudi Arabia's new King Salman moved to assuage fears of an unstable transition and any policy change in the world's largest oil exporter. March Brent crude was trading at $48.55 per barrel by 1509 GMT, down 24 cents, above an early low of $47.57.

  • *OPEC secretary-general thinks prices may have reached a bottom. LONDON, Jan 26- Oil prices turned positive on Monday, erasing early losses after the Secretary-General of the OPEC producer group said he expected the market to bottom out around current levels. "Now the prices are around $45- $55 and I think maybe they reached the bottom and will see some rebound very...

  • Should the euro zone really fear demon deflation? Sunday, 25 Jan 2015 | 4:00 AM ET

    *Euro zone inflation negative in Dec for first time in 5 years. BRUSSELS, Jan 25- If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat? European Central Bank policymakers have repeatedly warned of the risk of being drawn into a prolonged downward price...

  • ZAGREB, Jan 23- Damir Hajduk likens paying off his mortgage to the tale of Sisyphus in Greek mythology, condemned forever to push a boulder uphill, only for it to roll back down again and again. Hajduk is one of 60,000 borrowers in Croatia, and many hundreds of thousands across ex-Communist Central and Eastern Europe, who took out home loans denominated in Swiss...

  • BERLIN, Jan 23- German sportswear company Adidas reported a better than expected rise in 2014 sales on Friday as it announced the sale of its non-core Rockport shoe brand. In Friday's unscheduled statement ahead of full results due on March 5, Adidas reported 2014 sales up 2 percent to 14.8 billion euros, beating a Thomson Reuters Smart Estimate of 14.68 billion...

  • *China factory activity contracts for 2nd month. LONDON/ BEIJING, Jan 23- Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, vindicating the European Central Bank's decision to print money in a bid to revive inflation. Euro zone firms cut prices at the fastest rate in nearly five years and Chinese...

  • *FTSEurofirst 300 rises 1.4 pct, hits 7- year high. PARIS, Jan 23- European shares rose in early trade on Friday, enjoying their best two-week rally in five years, as investors cheered the European Central Bank's decision to buy government bonds. Cyclical stocks such as carmakers, seen as the big winners of the drop in the euro currency, featured among the biggest...

  • European shares hit seven-year highs as ECB unveils QE Thursday, 22 Jan 2015 | 10:10 AM ET

    PARIS, Jan 22- European stocks hit seven-year highs on Thursday after the European Central Bank unveiled a bond-buying scheme in a bid to revive the region's economy and stave off deflation. ECB President Mario Draghi said the central bank would embark on a quantitative easing program which, together with existing schemes, will pump 60 billion euros a month...

  • *ECB could buy 50 billion euros in bonds per month- source. SINGAPORE, Jan 22- Oil prices dipped early on Thursday, ahead of an expected announcement of a bond-buying program by the European Central Bank that could push the dollar to new highs and put downward pressure on commodities. A firmer dollar, buoyed by an expected U.S. interest rate hike and an American...

  • *ECB could buy 50 billion euros in bonds per month- source. SINGAPORE, Jan 22- Oil prices dipped early on Thursday, ahead of an expected announcement of a bond-buying programme by the European Central Bank that could push the dollar to new highs and put downward pressure on commodities. A firmer dollar, buoyed by an expected U.S. interest rate hike and an American...

  • Oil prices dip ahead of looming ECB bond buying programme Wednesday, 21 Jan 2015 | 8:55 PM ET

    *ECB could buy 50 billion euros in bonds per month- source. SINGAPORE, Jan 22- Oil prices dipped early on Thursday ahead of the expected announcement of a bond-buying programme by the European Central Bank later in the day that could push the dollar to new highs and put downward pressure on commodities. International benchmark Brent crude futures were trading at...