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  • 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.

  • UPDATE 3-Oil hits 5-1/2-year lows on supply glut Monday, 5 Jan 2015 | 3:36 AM ET

    Russia's oil output hit a post-Soviet high last year, averaging 10.58 million barrels per day, up 0.7 percent thanks to small non-state producers, Energy Ministry data showed. But oil producer group OPEC has decided not to cut output, opting to let the market find its own level. Brent crude for February dropped as low as $55.25 a barrel, its weakest since May 2009,...

  • LONDON, Jan 5- The euro fell below $1.20 for the first time 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...

  • Hong Kong shares close down despite mainland gains Monday, 5 Jan 2015 | 3:15 AM ET

    Jan 5- Hong Kong shares fell on Monday, in line with most regional markets, as some China- related shares shed gains rooted in a rally on mainland markets rallies and ended lower. Among the most actively traded stocks on Hong Kong's main board were ICBC, up 0.5 percent at HK $5.80, Bank Of China, up 0.2 percent at HK $4.44 and Renhe Commercial Holdings Co Ltd, up 16.4...

  • MOSCOW, Jan 5- Russia's rouble opened sharply lower against the dollar on Monday, dragged more than 4 percent down by weaker oil prices in volatile holiday trade. At 0742 GMT, the rouble was 4.5 percent weaker against the dollar at 58.51 roubles and 2.4 percent weaker against the euro at 70.29. The dollar also firmed against other currencies, with the euro falling to...

  • Club Med set to back Chinese bid this week Monday, 5 Jan 2015 | 2:37 AM ET
    Club Med in Grecolimano, Greece

    Club Mediterrannee is expected to back an offer from a consortium led by Chinese billionaire Guo Guangchang, after a rival declined to raise his offer.

  • SINGAPORE, Jan 5- London copper fell for a third consecutive session on Monday to trade near its four-and-a-half year low, with a stronger dollar pressuring prices although expectations of more stimulus measures in China and Europe put a floor under the market. The global economy ended 2014 in a fragile state as factories struggled to maintain growth across...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.1 percent, to 3,641.54, while the Shanghai Composite Index gained 3.6 percent, to 3,350.52 points. Among the most active stocks in Shanghai were Bank of China, up 6.5 percent to 4.42 yuan; GD Power Development, up 4.5 percent to 4.84 yuan and Agricultural Bank of China, up 4.9 percent to...

  • MOSCOW, Jan 5- Russia's rouble opened about 5 percent lower against the dollar on Monday, dragged down by lower oil prices in volatile holiday trade. At 0705 GMT, the rouble had recovered some of its losses to trade almost four percent weaker against the dollar at 58.10 roubles and 1.2 percent weaker against the euro at 69.50. Oil prices, which have declined more than...

  • *RUSSIAN ROUBLE OPENS DOWN 4.8 PCT VS DOLLAR Monday, 5 Jan 2015 | 2:00 AM ET
  • TOKYO, Jan 5- The euro hit a nearly nine-year low versus the dollar on Monday as investors bet on quantitative easing by the European Central Bank while soft manufacturing surveys pushed down shares and sent oil prices to 5 1/ 2- year lows. European shares are expected to dip, with Britain's FTSE seen falling by up to 0.4 percent. The euro fell to as low as $1.18605, its...

  • HONG KONG, Jan 5- China's yuan edged down against the dollar on Monday after the central bank set the weakest official midpoint in nearly a month to reflect strength in the global dollar index. China eased restrictions on banks' yuan trading from Jan 1, replacing daily caps on banks' foreign exchange positions with weekly limits, leaving them leeway to short...

  • Nikkei slips as global growth worries weigh Monday, 5 Jan 2015 | 1:16 AM ET

    TOKYO, Jan 5- Japanese stocks slipped on their first trading day of 2015 as risk appetite was soured by weak prospects for global growth, offsetting gains in airline stocks which rose after crude oil prices dropped to fresh 5-1/ 2- year lows. The Nikkei benchmark ended 0.2 percent lower at 17,408.71 points, giving up earlier gains which were fueled by speculation...

  • NEW YORK, Jan 5- As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices- hedges. OPEC officials hope that once U.S. oil companies get fully exposed to the impact of an over 50 percent slide in crude...

  • LAS VEGAS, Jan 5- Apple's forthcoming smartwatch poses a conundrum for advertisers: How to tap the enticing possibilities of the tiny gadget without overwhelming consumers with messages. At this week's Consumer Electronics Show in Las Vegas, mobile-marketing firm TapSense plans to release an Apple Watch ad-buying service. At issue: the same qualities that...

  • U.S. crude slid as low as $51.40 a barrel on Monday, its lowest since May 2009, and at 0535 GMT was at $51.60 a barrel, still down $1.09. February Brent crude dropped as low as $55.36 a barrel, also its lowest since May 2009, before edging back to $55.51, down 91 cents. "Oil demand is unlikely be robust this year when we look at the state of economies in China, Japan and Europe,"...

  • SHANGHAI, Jan 5- China stocks rose to their highest in five years on Monday led by a jump in the property sector as investors welcomed mortgage-policy changes in Beijing and Guangzhou designed to help the troubled sector. Other local governments, including Guangzhou, have taken steps to help home buyers. "Investors are still bargain-hunting for blue-chips and...

  • SINGAPORE, Jan 5- London copper was little changed on Monday after dropping to a 4-1/ 2- year low in the previous session, with a stronger dollar pressuring prices although expectations of more stimulus measures in China and Europe put a floor under the market. The global economy ended 2014 in a fragile state as factories struggled to maintain growth across...