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  • *European shares hold steady after Asia markets fall. A 3- percent slump in Chinese stocks had given Asia another bruising, so there was relief as early 0.2-0.4 percent gains for London's FTSE, Germany's DAX and France's CAC 40 pulled markets out of their nosedive. The FTSEurofirst 300 hit its lowest since October 2014 on Wednesday and the MSCI all-world country...

  • *To ship 58 mln handsets via China retailers- source. *To raise China own-stores to 50 from 20 this year- source. HONG KONG, Jan 21- Xiaomi Inc aims to sell double the number of handsets offline in China this year than analysts estimated it sold offline globally last year, an internal document showed, signalling a shift away from an online-focused strategy copied by...

  • BEIJING, Jan 21- Outstanding claims on China at end-September 2015 totalled $877 billion, the lowest in two years, the Bank for International Settlements said in an emailed statement on Thursday. In the same statement, BIS said that cross-border bank credit to China fell by $119 billion, or by 17 percent, between end-June and end-September period last year.

  • *Venezuela's call for OPEC meeting falls on deaf ears. LONDON, Jan 21- Oil fell on Thursday, dipping back towards 12- year lows on persistent concerns about a supply overhang and the outlook for demand. International benchmark Brent was down 43 cents at $27.45 a barrel by 0913 GMT.

  • *China slowdown and markets crash sets backdrop. FRANKFURT, Jan 21- The European Central Bank is likely to keep interest rates on hold when its policymakers meet on Thursday, even as a market crash, tumbling bank stocks and ebbing inflation set the stage for action later in the year. The meeting of the Governing Council comes shortly after it cut the deposit rate in...

  • BEIJING, Jan 21- China's December diesel exports rose 264 percent from a year earlier to 980,000 tonnes, the country's General Administration of Customs said on Thursday, the second-highest month in 2015..

  • HANOI, Jan 21- Vietnam's Communist Party chief on Thursday urged continued "total reform" of the economy, which he said was moving in a positive direction but had missed some targets and still lacked a coordinated approach. The congress comes as Vietnam's economy saw its fastest growth in five years at 6.7 percent in 2015. Growth has been supported by solid exports,...

  • TOKYO, Jan 21- Japanese Economics Minister Akira Amari said on Thursday he will investigate accusations that he and his aides took bribes from a construction company but that he was confident he had not done anything wrong. The publication said an official at an unnamed construction company admitted passing 12 million yen to Amari and his aides who then...

  • *FTSEurofirst 300 flat in percentage terms. LONDON, Jan 21- European equities steadied on Thursday after slumping in the previous session following a rout in commodities prices, with a strong rally in shares of companies such as Pearson and Logitech underpinning the market. It fell 3.3 percent to its lowest level since October 2014 in the previous session.

  • LONDON, Jan 21- Expectations of a steady-as-she-goes message from the European Central Bank in the face of renewed financial market turbulence kept the euro strong against the dollar ahead of the bank's January decision and statement on Thursday. But all were off lows hit on Wednesday and traders said the lack of action from central banks in Brazil and Canada-...

  • BEIJING, Jan 21- China has the means to support its economy, especially on the fiscal side, Fang Xinghai, vice chairman of China's Securities Regulatory Commission said on Thursday at a session at the World Economic Forum in Davos. China's stock market should do more to support the economy, said Fang, who is also Director-General of International Economic...

  • BEIJING, Jan 21- China has seen net capital outflows in 2015 but they eased in the fourth quarter compared with the previous three months, the country's foreign exchange regulator said on Thursday. The risk of cross-border capital flows was generally under control and the impact of capital outflows on domestic performance was also controllable, the State...

  • BEIJING, Jan 21- China's securities regulator said on Thursday that China will honour its commitment on reforms related to the International Monetary Fund's special drawing rights entry. Fang Xinghai, vice chairman of China Securities Regulatory Commission, made his comments at a session at the World Economic Forum in Davos, seen in a video feed monitored by...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China's structural reform will be a "massive undertaking". Largarde's comments were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. She added that she does not think China will actually complete the reform undertaking in line...

  • BEIJING, Jan 21- China is learning to communicate seamlessly with its market, Fang Xinghai, vice chairman of the country's securities regulator said on Thursday. Fang's comments were made at the World Economic Forum in Davos, which was monitored by Reuters via a video feed. The comments come amid wider criticism that the country's regulators have problems...

  • LONDON, Jan 21- U.S investment bank Citigroup cut its growth forecasts for the world economy on Thursday, and said that risks of a global recession were increasing. Citi cut its forecasts for global economic growth for 2016 to 2.7 percent from 2.8 percent, citing pressures from disinflation. "Risks to our growth forecasts probably remain to the downside, with...

  • BEIJING, Jan 21- China's central bank on Thursday injected 352.5 billion yuan into the nation's banking system via the medium-term lending facility, it said. The MLF included 117.5 billion yuan each of three-month, six-month and one-year facilities, the central bank said on its official microblog. Interest rate for the three-month, six-month and one-year MLF...

  • BEIJING, Jan 21- International Monetary Fund chief Christine Lagarde on Thursday said China should communicate better with its financial market. The remarks were made at a session at the World Economic Forum in Davos, seen in a video feed monitored by Reuters. Lagarde said China is "going through a list of transitions".

  • LONDON, Jan 21- JPMorgan, the biggest U.S. bank by assets, is preparing to make a donation to a group campaigning to keep Britain in the European Union, Sky News reported on Thursday. Several banks have said Britain should remain within the EU because a British exit could harm London's place as a global financial centre. Prime Minister David Cameron is renegotiating...

  • HONG KONG, Jan 21- Some large refined zinc producers in China plan to regularly exchange information on their imports of concentrate to ensure they receive reasonable treatment charges, sources at two smelters said on Thursday. They included Zhuzhou Smelter Group Co Ltd, Huludao Nonferrous Metal Group Co Ltd and Shenzhen Zhongjin Lingnan Nonfemet Company...