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  • China's NDRC says no crisis in Chinese housing market Thursday, 15 Jan 2015 | 9:58 PM ET

    BEIJING, Jan 16- There is no crisis in China's property market though authorities need to pay attention to ongoing price adjustments in the sector, the country's top economic planner said on Friday. Zhu Zhixin, vice director of the National Development and Reform Commission, made the comment at a press briefing. Zhong Shan, a vice minister at the trade ministry,...

  • TOKYO, Jan 16- Japanese Transport Minister Akihiro Ohta said on Friday the ministry was considering whether it needs to revise existing laws to inspect auto parts companies in the wake of massive Takata Corp recalls. Millions of cars have been recalled worldwide over Takata's air bags, which can explode with too much force and spray shrapnel in cars.

  • MELBOURNE, Jan 16- London copper was little changed on Friday and set to notch up its biggest weekly loss since 2011, hammered by bearish sentiment on global growth, with traders looking to sell into any rallies. *Copper slid by 5.3 percent on Wednesday when prices plumbed the lowest since July 2009 at $5,353.25 a tonne, and are down by 11 percent for the year already.

  • *Ibiden, Shinko Electric fall on Intel's weaker-than-expected forecast. TOKYO, Jan 16- Japan's Nikkei share average fell 2.3 percent on Friday morning after U.S. stocks dropped for a fifth day and the yen rose after Switzerland abandoned its cap on the franc, hurting Japanese exporters such as electronics and car manufacturers. nearing a one-month low of...

  • BEIJING, Jan 16- China will keep economic growth in a reasonable range this year and push forward fiscal reforms on taxes and overseas investment, top planning agency said on Friday. The government will take measures to further boost domestic demand in 2015, the National Development and Reform Commission said in a statement. It will also aim to keep stable...

  • NEW YORK, Jan 15- A U.S. agent investigating Silk Road told jurors at a trial of accused operator Ross Ulbricht that he believed in 2013 that the former chief of the Mt. Karpeles, who was never charged, denied he had anything to do with Silk Road. "The investigation reached that conclusion already- this is why I am not the one sitting during the Silk Road trial, and I can only...

  • Oil prices edge up on technical price momentum Thursday, 15 Jan 2015 | 9:13 PM ET

    "Brent oil may break a resistance at $48.80 per barrel and rise more to $49.53, as indicated by its wave pattern and a Fibonacci projection analysis," said Wang Tao, Reuters market analyst for commodities and energy technicals. "Support is at $47.51, the 61.8 percent Fibonacci retracement on the rise from $45.59 to $50.62, a break below which will lead to a further...

  • BEIJING, Jan 16- China's central bank will increase its relending quota by 50 billion yuan this year, stepping up efforts to give targeted support to parts of the economy it sees as lagging. The People's Bank of China lends funds to banks at low rates that they must lend on to customers that meet certain criteria. China is likely to report next week that economic...

  • LOS ANGELES, Jan 15- The Fox News and Fox Business channels returned on Thursday to satellite TV provider Dish Network Corp's lineup after both sides agreed to a multiyear deal. A source close to the negotiations said Dish agreed to pay an average monthly fee of $1.50 per subscriber for Fox News, the most-watched cable news network. "We thank the viewers of Fox News...

  • SINGAPORE, Jan 16- Gold traded near its highest level in four months on Friday and looked set to post its best week in 11 months, as investors sought safety in the metal after Switzerland scrapped a cap on the franc. *Spot gold was steady at $1,261 an ounce by 0042 GMT. Coming a week before the European Central Bank is expected to unveil a bond-buying program to counter...

  • TOKYO, Jan 16- Asian shares stepped back on Friday and major currencies mostly stuck to late U.S. levels as investors caught their breath, after Switzerland's unexpected move to abandon its currency cap jolted markets already roiled by plunging commodities prices. "Volatility has been on the rise since the beginning of the year and the SNB's announcement adds...

  • SINGAPORE, Jan 16- U.S. crude futures hovered above $46 a barrel on Friday after sliding almost 5 percent in the session before amid a shaky demand outlook, putting oil prices on course for an eighth straight week of losses. *U.S. crude for February delivery was little changed at $46.34 a barrel by 0005 GMT. *Brent oil for February, which expired on Thursday, lost $1.02 in...

  • Jan 15- Best Buy Co Inc, the largest U.S. consumer electronics chain, said it expects same-store sales growth to be flat to negative in the first two quarters of its fiscal year, citing low demand for computers and tablets. Best Buy's shares fell as much as 16 percent during trading hours as the forecast put paid to investor's hopes that same-store sales growth in two...

  • LOS ANGELES, Jan 15- The Fox News and Fox Business channels returned on Thursday to satellite TV provider Dish Network Corp's lineup after both sides agreed to a multiyear deal. "We thank the viewers of Fox News and Fox Business and Dish customers for their patience throughout this process," Tim Carry, executive vice president of distribution for Fox News and Fox...

  • NEW YORK, Jan 15- A U.S. agent investigating Silk Road told jurors at a trial of accused operator Ross Ulbricht that he came to believe the former chief of the Mt. Under questioning by Ulbricht's lawyer, Der-Yeghiayan said that as part of a search warrant for Karpeles' Google email account he had said there was probable cause to believe he controlled Silk Road.

  • Jan 15- Schlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices. Schlumberger had said last month that it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels. Schlumberger's customers- oil...

  • CAPE CANAVERAL, Fla., Jan 15- Richard Branson's Virgin Group and Qualcomm Inc will invest in a venture to build and fly a constellation of 648 satellites that can provide high-speed, global Internet access, company officials said on Thursday. Some of the spacecraft will be launched by Virgin's spaceflight company, Virgin Galactic, which is developing a...

  • NEW YORK, Jan 15- A New York federal judge on Thursday largely rejected Sirius XM Holdings Inc's request to reconsider her Nov. 14 decision in favor of members of the 1960 s band The Turtles over the payment of royalties for songs made before 1972.. District Judge Colleen McMahon rejected Sirius' arguments that Flo& Eddie Inc, controlled by founding band members...

  • BOSTON, Jan 15- High-profile professors and securities lawyers traded jabs Thursday on the merits of a Harvard University legal project, a scholarly slugfest playing out in the normally staid academic sector tracking corporate governance. At issue is a research paper from December by SEC Commissioner Daniel Gallagher and Stanford University professor...

  • HOUSTON, Jan 15- BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller than the U.S. government claimed. The ruling by federal magistrate Carl Barbier put the size of the worst offshore spill in U.S. history in 2010 at...