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  • 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...

  • WARSAW/ ZAGREB, Jan 21- Croatia could convert mortgages denominated in Swiss francs into the local kuna currency, it said on Wednesday, scrambling to cope with a surge in the franc's value that has hit hundreds of thousands of homeowners across central and eastern Europe. In Poland- the country worst affected by the Swiss National Bank's surprise decision last...

  • TOKYO, Jan 20- U.S. crude futures were little changed on Tuesday, holding below $48 a barrel, as the market awaited data expected to show a slowdown in the world's second-biggest economy China. *NYMEX crude for February delivery was down $1.11 at $47.58 a barrel by 2348 GMT, little changed from late trading on Monday. *Iran's oil minister said on Monday that...

  • *China faces significant downward pressure on economy- Premier. *Iraq announces record oil production for December. Jan 19- Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

  • *China faces significant downward pressure on economy- Premier. *Iraq announces record oil production for December. Jan 19- Brent crude oil prices fell below $49 a barrel and U.S. crude also fell more than $1 on Monday after the global economic outlook darkened and Iraq announced record oil production.

  • LONDON, Jan 16- German bond yields hit record lows on Friday while fears about Greece's banks sent that country's borrowing costs spiralling- signs of the fallout from the Swiss National Bank's shock decision to scrap its currency cap. A surge in the Swiss franc after the SNB abandoned its 1.20 euro limit on Thursday saw investors flee equities and other risky...

  • *IEA: price floor "anybody's guess," recovery may not be imminent. LONDON, Jan 16- Brent crude oil rose more than $2 to around $50 a barrel on Friday after the West's energy watchdog forecast the market sell-off would end, although analysts said a strong rebound soon was unlikely as global output continued to outweigh demand. The International Energy Agency said the...

  • LONDON, Jan 15- Frantic trading after the Swiss National Bank scrapped its euro cap on the franc on Thursday drove Swiss stocks down nearly 9 percent, their biggest one-day percentage fall for at least 25 years. One trader described the central bank's move as "carnage", while Swatch Chief Executive Nick Hayek called the franc's surge in value against the euro an...

  • LONDON, Jan 15- Frantic trading after the Swiss National Bank scrapped its cap on the franc drove Swiss stocks down 10.2 percent on Thursday, putting them on track for their biggest one-day fall in at least 25 years. Some traders described the central bank's move as "carnage", while Swatch Chief Executive Nick Hayek called the franc's surge in value against the euro...

  • LONDON, Jan 15- Frantic foreign exchange trading after the Swiss National Bank scrapped its euro cap on the franc took $100 billion off the value of Switzerland's blue-chips on Thursday, putting them on track for their biggest one-day fall in at least 25 years. The Swiss SMI index slumped 10 percent, with stocks including Swatch, luxury-goods firm Richemont and...

  • *China bonded premiums climb $5 to $85- Shmet. LONDON, Jan 15- Copper rose on Thursday on a mix of bargain-hunting, short covering and hedging by consumers, a day after its biggest slide in more than three years, but more losses were expected. Some traders saw sellers emerging above $5,650, with buyers lurking around $5,500- 5,450.

  • *Financial markets slide as World Bank cuts forecasts. LONDON, Jan 14- Gold rallied to a 12- week high on Wednesday as sharp falls in stock markets and other commodities prompted investors to buy the metal as a haven from risk, and as soft U.S. data weighed on the dollar. Financial markets fell sharply after the World Bank cut its growth forecasts for 2015 and 2016,...