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  • BELARUSSIAN CENTRAL BANK SAYS LOWERS OFFICIAL CURRENCY RATE BY 7 PCT AS OF JAN. 6.

  • Airline crackdown follows AirAsia crash Monday, 5 Jan 2015 | 6:57 AM ET
    Officers arrive via helicopter on the Indonesian Navy vessel KRI Bung Tomo as it takes part in search operations on January 1, 2015 for victims and debris from AirAsia flight QZ8501.

    Transportation ministry announces harsh measures against everyone who allowed AirAsia Flight 8501 to take off without proper permits.

  • Jan 5- Global Prime Partners, a brokerage and trading services provider, appointed Andrew Bole as chief operating officer. Bole has more than 15 years of management experience in the industry and joins from IG Group Holdings where he was chief risk officer. Global Prime provides prime brokerage and trading services to hedge funds, asset managers and...

  • Jan 5- Dexion Capital Plc, an alternative investment bank, appointed Magnus Spence head of asset management. Spence will be responsible for expanding the company's range of real asset and alternative credit fund offerings, Dexion Capital said in a statement. In 2002, Spence co-founded Dalton Strategic Partnership LLP, an investment management firm with...

  • *Chinese premiums at $7/ oz over global benchmark. LONDON, Jan 5- Gold rose for a second straight session on Monday as buying from top consumer China picked up ahead of the Lunar new Year and European shares fell, but the metal remained vulnerable to losses due to a strong dollar. Demand from buyers in China was reflected in higher premiums to London gold prices.

  • BERLIN, Jan 5- German Chancellor Angela Merkel's spokesman said on Monday that her government had not changed its position on the desireability of a Greek exit from the euro zone, saying the policy had always been to stabilise the bloc without losing any of its members. "The aim has been to stabilise the euro zone with all its members, including Greece," the spokesman...

  • Jan 5- Investment banking advisory firm Avista Advisory Group has appointed Sui Ling Cheah vice chairman of Asia Pacific. Cheah, who is based in Singapore, joins Avista from BNP Paribas Securities, where she was CEO of corporate finance. She has also worked at JP Morgan and Merrill Lynch Investment Banking.

  • *Chinese premiums at $7/ oz over global benchmark. LONDON, Jan 5- Gold rose for a second straight session on Monday as buying from top consumer China picked up ahead of the Lunar new Year and European shares fell, but the metal remained vulnerable to losses due to a strong dollar. Demand from buyers in China was reflected in higher premiums to London gold prices.

  • *BMW and China dealers reach settlement over subsidies. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday. BMW started subsidizing its dealers in 2012 due to falling...

  • PARIS, Jan 5- President Francois Hollande said on Monday he would take "any risk" to boost French economic growth above the government's forecast 1 percent in 2015, in a bid to cut unemployment with help from economic reforms. Hollande said he would continue to pursue growth via economic reforms despite very low approval ratings and two local elections coming up...

  • PARIS, Jan 5- French president Francois Hollande plans to attend a four-way meeting on the Ukraine crisis in Kazakhstan's capital Astana on Jan. 15. Ukraine's President said on Dec. 29 he had invited the leaders of Russia, France and Germany to Astana talks in an attempt to restore peace to Kiev's eastern territories. Hollande said he hoped the talks would be...

  • LONDON, Jan 5- Sterling fell against the dollar, hovering near a 17- month low struck earlier on Monday, as subdued economic data bolstered bets that the Bank of England will not raise interest rates until 2016.. The pound was also hurt by growing political uncertainty after Prime Minister David Cameron said on Sunday that he would like to bring forward a planned...

  • Jan 5- Cempra Inc moved a step closer to approval of its lead antibiotic, solithromycin, after an oral version of the potential blockbuster met the main goal in a late-stage trial. Data showed solithromycin actually outperformed moxifloxacin by a slight margin, Cempra said on Sunday. North Carolina- based Cempra is also evaluating an intravenous formulation of...

  • NEW DELHI, Jan 5- Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernize economic strategy after decades of Soviet-style central planning. A top government source told Reuters on Monday that the appointment of Panagariya, an Indian-born economics professor...

  • German inflation slows ahead of crucial ECB meeting Monday, 5 Jan 2015 | 5:09 AM ET

    BERLIN, Jan 5- German inflation looked set to fall further in December, according to data from several states, raising pressure on the European Central Bank to unveil unconventional new measures to boost prices at a closely-watched meeting later this month. The evidence of slowing German inflation came days after ECB President Mario Draghi gave an extensive...

  • "This development is striking because since last month we have faced new elections in Greece as another stress factor in the euro zone. However, investors clearly increasingly regard Greece as an isolated problem, which will barely affect the rest of the euro zone, "Sentix said in a statement. Greece holds parliamentary elections on January 25 and opinion polls...

  • Greek jitters weigh on European shares Monday, 5 Jan 2015 | 4:34 AM ET

    *Luxottica and airline Ryanair hit all-time highs. Political uncertainty in Greece was firmly in the spotlight ahead of elections later this month, as German Vice-Chancellor Sigmar Gabriel said the German government wanted Greece to stay in the euro zone. The Jan. 25 election in Greece could vault the left-wing Syriza party into power, raising the risk of a...

  • LONDON, Jan 5- The euro slumped to a nine-year low on Monday as investors bet that the prospect of inflation across the region turning negative and mounting political uncertainty in Greece will force the European Central Bank to unleash quantitative easing. The euro fell to $1.18605 in early Asian trading on Monday, its weakest level since March 2006.

  • LONDON, Jan 5- The euro dived below $1.20 to its lowest since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year- higher across the board. Federal Reserve minutes on Wednesday will be picked through for clues on how soon it will drop its pledge to keep interest rates low for a "considerable" time, central banks in Europe and...

  • NEW DELHI, Jan 5- Economist Arvind Panagariya will be appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.