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  • Union strikes at 9 US refineries amid contract war Sunday, 1 Feb 2015 | 12:04 AM ET
    Tesoro's oil refinery in Los Angeles

    Union leaders called strikes on Sunday at nine U.S. refineries in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants.

  • BEIJING, Feb 1- China's factory sector unexpectedly shrank for the first time in nearly 2-1/ 2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown. The official Purchasing Managers' Index fell to 49.8 in January, the National Bureau of Statistics...

  • Despite woes, Russia optimistic on economic outlook Saturday, 31 Jan 2015 | 11:29 PM ET

    Russia's economy ministry said on Saturday it expected gross domestic product to fall 3 percent this year, more optimistic than many analysts' forecasts of a 4-5 percent drop.

  • WASHINGTON, Jan 31- President Barack Obama's budget proposals will include a minimum tax of 19 percent on U.S.-based companies' future foreign earnings and a 14 percent tax on their stockpiled offshore profits, Bloomberg news said on Saturday, citing two people familiar with the budget. The planned taxes are part of a $3.99 trillion budget plan that will be...

  • GM and China's SAIC to push into Indonesia Saturday, 31 Jan 2015 | 11:08 PM ET
    General Motors Chief Executive Officer Mary Barra

    General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia's biggest market and from there tackle other markets in the region.

  • Japan farming reforms a stiff test of Abe's resolve Saturday, 31 Jan 2015 | 10:15 PM ET
    Japanese Prime Minister, Shinzo Abe.

    Japanese Prime Minister Shinzo Abe's program to revive the nation's economy is set to meet perhaps its stiffest challenge, the nation's sclerotic farming industry.

  • China economy starts 2015 on the back foot Saturday, 31 Jan 2015 | 9:59 PM ET

    Activity in China's factory sector contracted in January for the first time in more than two years, an official survey showed, a far worse result than expected.

  • *Oil price decline, slowing China also a concern. SEOUL, Feb 1- South Korea's exports in January fell less than expected, but effects from a plunge in oil prices, a sustained slump in Europe and slowdown in China all clouded prospects for a turnaround in global demand. "Europe holds the key for South Korean exports because exports by many countries including China...

  • BEIJING, Feb 1- Activity in China's factory sector contracted in January for the first time in more than two years, an official survey showed, a far worse result than expected that will add to worries about the country's choppy economic outlook this year. The official Purchasing Managers' Index fell to 49.8 in January from December's 50.1, the National Bureau of...

  • Firms prepare for new tax rules as China vows crackdown Saturday, 31 Jan 2015 | 8:35 PM ET

    Tax professionals and business lobbies alike have welcomed the move as an attempt to bring China's tax regime more in line with international standards. Under the new policy, for example, a firm that invests in China through companies in Hong Kong or Singapore to take advantage of tax benefits that do not exist between China and its home country could find...

  • *Abe defiant, says Japan will step up aid to IS opponents. *Japan opposition says no need to provoke militants. The hardline Islamist group, which controls large parts of Syria and Iraq, released the video showing a hooded man standing over Goto with a knife to his throat, followed by footage of a head put on the back of a human body.

  • China official services PMI at one-year low in January Saturday, 31 Jan 2015 | 8:21 PM ET

    BEIJING, Feb 1- Growth in China's services sector cooled to a one-year low in January, an official survey showed on Sunday, reinforcing expectations about the Chinese economy losing more steam in coming months. The official non-manufacturing purchasing manager's index, or PMI, fell to 53.7 from December's 54.1. That is above the 50- point level that separates...

  • BEIJING, Feb 1- Activity in China's factory sector contracted in January for the first time in more than two years, an official survey showed on Sunday, which will increase gloom about the outlook for the world's second-biggest economy this year. The official Purchasing Managers' Index fell to 49.8 in January from December's 50.1, a whisker below the 50- point...

  • Japan farming reforms a stiff test of Abe's resolve Saturday, 31 Jan 2015 | 8:00 PM ET

    *Japan farms inefficient and tiny by international standards. TOKYO, Feb 1- After December's landslide re-election, Japanese Prime Minister Shinzo Abe's program to revive the nation's economy is set to meet perhaps its stiffest challenge, the nation's sclerotic farming industry. And the JA, which has long had close ties to his Liberal Democratic Party, has...

  • SEOUL, Feb 1- South Korea's exports in January had a smaller fall than expected in annual terms, government estimates showed on Sunday, but the data fell short of quelling worries over global demand while imports were at a more than 5- year low. Exports in January edged down 0.4 percent from a year earlier to $45.37 billion, and imports dropped 11.0 percent to $39.84...

  • HOUSTON, Jan 31- Union negotiators rejected the latest offer from oil companies covering workers at 63 U.S. refineries on Saturday night, just hours before a strike deadline, according to a message sent to union members. This is the fourth contract proposal rejected by the USW since negotiations for a new three-year agreement began on Jan. 21.

  • TABLE-South Korea Jan exports down 0.4 pct yr/yr Saturday, 31 Jan 2015 | 7:00 PM ET

    SEOUL, Feb 1- Following are South Korea's preliminary export and import figures for January, released by the Ministry of Trade, Industry and Energy on Sunday:. JAN* DEC Balance 5.5 5.7 Exports 45.4 49.7 -0.4 +3.6 Imports 39.8 44.0 -11.0 -0.9* Revised figures released on Jan. 15. NOTES:- Reuters poll: Exports were seen down 4.5 percent in January over a year earlier while...

  • The Exxon Mobil Corp refinery in Beaumont, Texas, received a strike notice on Friday night, according to the company. The Beaumont plant was the only Exxon refinery to receive a notice. Royal Dutch Shell Plc and Motiva Enterprises refineries have not received strike notices, a spokesman said on Saturday.

  • PHILADELPHIA, Jan 31- A U.S. federal appeals court has delayed the sale of the shuttered Revel Casino in Atlantic City pending an appeal by a company that ran its nightclub and boardwalk dance club. The order, issued late Friday by Third U.S. Circuit Court of Appeals Court Judge Thomas Ambro, gives attorneys for Revel until Tuesday to respond to the appeal filed by...

  • HOUSTON, Jan 31- The United Steelworkers union issued notices of a possible strike to several U.S. refineries on Friday night as the current national contract was set to expire at 12:01 a.m. on Sunday, sources familiar with the notices said on Saturday. The Exxon Mobil refinery in Beaumont, Texas, received a strike notice on Friday, according to a press release...