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  • ZURICH, Feb 10- Swiss bank UBS said on Tuesday U.S. authorities had begun an investigation into the selling of certain securities that potentially violate tax law in the United States. "In January 2015, we received inquiries from the U.S. Attorney's Office for the Eastern District of New York and from the U.S. Securities and Exchange Commission, which are...

  • BEIJING, Feb 10- Brent fell below $58 a barrel on Tuesday after China's consumer inflation came in at a five-year low for January, raising worries about oil demand in the world's second-largest economy. The International Energy Agency also said the United States will remain the world's top source of oil supply growth up to 2020, defying expectations of a...

  • DETROIT, Feb 10- General Motors Co Chief Executive Mary Barra's strategy of rebuilding the Cadillac brand has run into twin roadblocks: the carmaker can't persuade enough American sedan buyers to switch from foreign competitors such as BMW or Mercedes, and it can't make enough of its Escalade SUVs to satisfy domestic demand. At Brotherton Cadillac Buick GMC in...

  • WASHINGTON, Feb 10- For the first time in 20 years, patients suffering from the eye disease glaucoma may soon have new treatments as several young companies look to shake up the $5.6 billion global market. No new class of medicine has been introduced since Pfizer Inc's N> Xalatan, known generically as latanoprost, in 1996.. The newcomers aim to disrupt...

  • Feb 10- The Chinese yuan strengthened marginally today, even as data released this morning showed inflation in January hitting a five year low heightening expectations that the authorities will further stimulus measures to counter a slowdown in the economy. 1/ 8 ID; nnL4N0VJ1KA 3/ 8 The weak inflation readings has raised expectations that the People's Bank of...

  • Feb 10- New York's financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said. The department is already probing Barclays and Deutsche Bank over their electronic trading...

  • Feb 10- The U.S. Department of Justice is pushing some big banks to plead guilty to criminal charges that they manipulated the prices of foreign currencies, the New York Times reported, citing lawyers briefed on the matter. In the final stages of a long-running investigation into corruption in the world's largest financial market, federal prosecutors have...

  • By Ian Chua and Hideyuki Sano. SYDNEY/ TOKYO, Feb 10- Commodity currencies held on to modest gains made on talk of possible Chinese stimulus and a notional bottoming-out of oil prices, while the U.S. dollar's payrolls-inspired rally ran out of steam. The Australian dollar gained 0.4 percent to $0.7828, keeping some distance from a 5 1/ 2- year low of $0.7627 touched a...

  • TOKYO, Feb 10- The Japanese government is on target to post a $345 billion revenue shortfall in the fiscal year to March 2021, the target year for returning to a primary budget surplus, according to Finance Ministry forecasts. The calculations, presented to a panel of Prime Minister Shinzo Abe's ruling party on Tuesday and seen by Reuters, underscore Abe's...

  • BEIJING, Feb 10- China's annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth. A collapse in global oil prices have already unleashed a wave of easings around the world as central bankers from...

  • China's annual consumer inflation hit a five-year low in January while factory deflation deepened, underscoring persistent weakness in the economy. "This could trigger more easing policies, such as additional cuts in interest rates or reserve ratios, which will give the stock market some support," said Li Feng, a trader at Fortune Securities.

  • HONG KONG, Feb 10- Hong Kong's central bank has warned people against investing in virtual currencies amid local media reports that a bitcoin exchange may have run off with $387 million in client funds- making it potentially the biggest bitcoin scandal after last year's bankruptcy at Tokyo- based Mt.Gox. The South China Morning Post reported on Monday that...

  • *Ketchup maker Kagome sets first price hike in 25 years. *Kagome worried that consumers not ready to pay more. TOKYO, Feb 10- For Tokyo- based condiments maker Kagome, and perhaps for Japan's government, the challenge of breaking with a decade and a half of deflation boils down to the price of a bottle of ketchup.

  • Japan LNG spot price falls to $10.20/mmBtu in Jan Monday, 9 Feb 2015 | 10:30 PM ET

    Spot LNG contracted in January for delivery to Japan averaged $10.20 per million British thermal unit, down from $11.60 a month earlier, the Ministry of Economy, Trade and Industry said. Cargoes arriving last month averaged $13.90 per mmBtu, compared with $15.10 in December. Japan started releasing spot LNG prices in April 2014 to add transparency to the market...

  • ISTANBUL, Feb 10- The Group of 20 leading economies will pledge to act decisively on monetary and fiscal policy if needed to combat the risk of persistent stagnation, according to a draft communique obtained by Reuters on Tuesday. The communique, intended for adoption by G20 ministers later on Tuesday at a meeting in Istanbul, pointed to the risk of prolonged low...

  • BEIJING, Feb 10- Benchmark Brent crude oil prices remained below $58 a barrel on Tuesday as the International Energy Agency said the United States will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in shale output growth. Brent crude slipped 71 cents, or 1.22 percent, to $57.63 by 0234 GMT, ending...

  • *Nissan rises to 2- month high on earnings outlook, brokerage's target hike. TOKYO, Feb 10- Japan's Nikkei share average fell on Tuesday morning as Greece's rejection of its bailout terms fuelled concerns over the prospect of fresh turmoil in the euro zone, but Nissan Motor Co outperformed on rosy forecasts. Nissan soared 4.4 percent to a two-month high of 1,111...

  • TOKYO, Feb 10- Asian equities slipped on Tuesday as nervousness over Greece potentially withdrawing from the euro and escalating conflict in Ukraine sapped risk appetite, while the dollar lost steam after its payrolls-inspired rally. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. Japan's Nikkei slipped 0.8 percent and...

  • G20 DRAFT: WELCOMES FAVOURABLE OUTLOOK FOR SOME KEY ECONOMIES, SAYS GLOBAL GROWTH UNEVEN.

  • G20 DRAFT: CURRENT ECONOMIC CONDITIONS REQUIRE ACCOMMODATIVE MONETARY POLICY IN SOME ECONOMIES.