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  • BofA's mortgage settlement deal in deadlock - NYT Wednesday, 11 Jun 2014 | 2:35 AM ET

    June 11- Bank of America Corp and the U.S. Department of Justice have reached an impasse in negotiating a multibillion-dollar settlement deal related to the bank's mortgage investments, the New York Times reported, citing people briefed on the matter.

  • LONDON, June 11- Britain's J Sainsbury posted a second straight fall in quarterly underlying sales, bringing a disappointing note to Chief Executive Justin King's preparations to step down after 10 years at the helm.

  • TOKYO, June 11- Japanese shares bounced off a one-week low on Wednesday supported by news that Japan will retain its status as the only developed market in the region in MSCI stock indexes, checking any potential knee-jerk rotation out of Tokyo equities.

  • Rolls-Royce says aircraft cancellation hits order book Wednesday, 11 Jun 2014 | 2:17 AM ET

    LONDON, June 11- British engineering company Rolls-Royce said the cancellation of an Airbus aircraft purchase by Dubai's Emirates would result in a 2.6 billion pound hit to its order book. Rolls-Royce makes engines for the aircraft and provides some customers with an ongoing maintenance service for the engines.

  • Sainsbury's sales fall as King era draws to a close Wednesday, 11 Jun 2014 | 2:10 AM ET

    LONDON, June 11- Britain's J Sainsbury posted a second straight fall in quarterly underlying sales as Chief Executive Justin King prepares to step down from the grocer after 10 years at the helm.

  • MADRID, June 11- Net profit at the world's largest clothing retailer Inditex dropped 7.3 percent in the first quarter, its sharpest drop in five years, after a strong euro hit the Zara owner in some of its most lucrative markets.

  • MADRID, June 11- Net profit at the world's largest clothing retailer Inditex dropped 7.3 percent in the first quarter, its sharpest drop in five years, after a strong euro hit the Zara owner in some of its most lucrative markets.

  • Airbus says Emirates cancels order for 70 A350 planes Wednesday, 11 Jun 2014 | 1:27 AM ET

    PARIS, June 11- Dubai's Emirates Airline has cancelled an order for 70 Airbus Group NV A350 wide-body aircraft following "on-going discussions with the airline in light of their fleet requirement review", the European planemaker said on Wednesday.

  • *Iraq's Mosul falls to militants, U.S. says situation extremely serious. SINGAPORE, June 11- Brent futures rose towards $110 a barrel on Wednesday on expectations a fall in U.S. gasoline stockpiles pointed to a healthy outlook for demand from the world's top oil consumer and that tensions in Iraq will worsen and crimp supply.

  • MOSCOW, June 11- Russia's Gazprom has moved a deadline for Ukraine to start paying in advance for natural gas supplies to next Monday, as EU-brokered talks continue over the price, the gas company's chief executive told Russian media.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, June 11- "Who blinks first?" The buyers are likely to win in the short to medium term as the wave of new LNG supply, largely from Australia and the United States, comes to market, thus easing the current tightness and boosting competition among producers.

  • FED FOCUS-Dove-hawk tradeoff could mean earlier rate rise Wednesday, 11 Jun 2014 | 1:00 AM ET

    *Timing of tightening could hinge on shrinking portfolio. *Comments by Dudley, Plosser hint at compromise in works. SAN FRANCISCO/ NEW YORK, June 11- A possible tradeoff between opposing camps at the U.S.

  • Hong Kong shares slip from 5-month high, China edges lower Wednesday, 11 Jun 2014 | 12:58 AM ET

    *Hong Kong property firms lead losses after Tuesday rally. HONG KONG, June 11- Hong Kong shares slipped on Wednesday, with local property developers leading losses as investors took profits after the index closed at its highest since Jan. 2 in the previous session.

  • June 10- Amazon.com Inc has refused to take pre-orders for upcoming Time Warner home video movie titles, including' The Lego Movie',' 300: Rise of an Empire',' Winter's Tale' and' Transcendence', the New York Times reported on Tuesday.

  • SINGAPORE, June 11- Brent futures rose towards $110 a barrel on Wednesday amid expectations of a fall in U.S. gasoline stockpiles, pointing to a healthy outlook for demand from the world's top oil consumer. Brent futures had gained 18 cents to $109.70 a barrel by 0343 GMT, after sliding 0.5 percent lower.

  • *China gold imports via Shanghai rise- sources and data. SINGAPORE, June 11- Banks have started trial gold imports directly into the Shanghai free trade zone ahead of the launch of a gold exchange there, threatening to further obscure the level of buying by the world's top consumer.

  • JGBs slip as rising Treasury yields weigh Tuesday, 10 Jun 2014 | 11:50 PM ET

    TOKYO, June 11- Japanese government bond prices slipped on Wednesday, as a continuing rise in U.S. Treasury yields amid improved investor appetite for riskier assets, such as stocks, weighed. The Bank of Japan did not include super long JGBs as the market had expected in its regular debt buying operation, but this had limited market impact.

  • The talks, which began in earnest over the past two months, represent another milestone in Prime Minister Shinzo Abe's bid to nurture a domestic military export industry that would also bring down Japan's defence procurement costs at a time of rising tensions between Tokyo and an increasingly assertive China.

  • June 10- IBM Corp is nearing a deal to sell its chip-making business to contract chipmaker Globalfoundries Inc, Bloomberg reported, citing people familiar with the matter. Globalfoundries, which has its own plant in New York state and a technology joint development project with IBM, will act as a supplier for IBM's microprocessors, the report said.

  • BEIJING, June 11- Alibaba Group Holding Ltd said on Wednesday it will buy all the remaining shares of mobile browser firm UCWeb in the biggest merger in Chinese internet history, as the e-commerce giant steps up its spending spree ahead of its U.S. listing.