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  • U.S. agency weighs reopening Jeep fires probe Thursday, 9 Apr 2015 | 5:17 PM ET

    DETROIT, April 9- U.S. vehicle safety regulators said Thursday they could reopen an investigation into whether Fiat Chrysler Automobiles needs to take more action to reduce the risk of gas tank fires in older Jeep sport utilities. "All options are available to us to address" the issue of fires in Fiat Chrysler Automobiles' older Jeep SUVs, a National Highway...

  • Japan's Eisai to cut about 450 jobs in U.S. Thursday, 9 Apr 2015 | 5:12 PM ET

    April 9- Japanese pharmaceutical company Eisai Co Ltd said it would cut about 25 percent, or about 450 jobs, in the United States as part of a realignment to create a more efficient and focused company. The company's U.S. unit Eisai Inc employs about 1,800 people in the United States, according to its website, across operations such as research and development,...

  • KINGSTON, April 9- President Barack Obama on Thursday unveiled a major clean energy partnership at a Caribbean summit where he sought to reassert U.S. leadership in the region at a time when oil-producing Venezuela's economic clout appears to be receding. The review is being studied by the White House, and a green light for Havana's removal would open the door to...

  • TORONTO, April 9- The influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp's executive compensation plan, while flagging "serious concerns" with the executive chairman's pay. The Toronto- based company introduced a new compensation program last year after a shareholder outcry in 2013, but it still...

  • *Beijing wants local govt to swap debt into muni bonds. SHANGHAI, April 10- China's promise to allow more bond defaults so markets can accurately price investment risk is being undermined by the government's own mixed messages, and bond investors are still betting that Beijing will come to their rescue. In March China's Finance Ministry said local governments...

  • DACHANGSHAN ISLAND, China, April 10- When officials reopened the airport on the sparsely populated Dachangshan island off China's north-east coast after a $6 million refurbishment in 2008, they planned to welcome 42,000 passengers in 2010 and another 78,000 in 2015.. However, fewer than 4,000 passengers- or just a 10 a day- passed through its gates in 2013, data...

  • India's rich temples may open gold vaults for PM Modi Thursday, 9 Apr 2015 | 5:00 PM ET

    It is one of India's richest temples, having amassed 158 kg of gold offerings, worth some $67 million, and its heavily guarded vaults are strictly off limits. Now, Prime Minister Narendra Modi wants to get his hands on this temple gold, estimated at about 3,000 tonnes, more than two thirds of the gold held in the U.S bullion depository at Fort Knox, Kentucky, to help...

  • But it isn't working that way, due to Indonesia's rising wage costs and other factors. Problems with infrastructure and bureaucracy have added to pessimism that factories can lift exports and give Indonesia a boost it needs as the coal and commodity boom which fuelled growth for years is history. Only just among the world's top 30 garment exporters in 2000,...

  • Iron ore in fresh crisis as forward prices crumble Thursday, 9 Apr 2015 | 5:00 PM ET

    Prices of the steel-making ingredient for immediate delivery have slumped 60 percent over the past year as demand particularly from China slowed rapidly. A combination of factors brought about the recent capitulation in forward prices, most notably news that China plans to subsidise its iron ore sector to protect its flagging steel industry.

  • NEW YORK, April 9- Investors in U.S.-based funds committed $1.5 billion to funds that specialize in European shares in the week ended April 8, data from Thomson Reuters' Lipper service showed on Thursday. Stock funds overall posted $701 million in outflows to mark their second straight week of investor withdrawals. Taxable bond funds attracted $3.1 billion to...

  • *Stocks rally, Europe hits more than seven-year high. NEW YORK, April 9- World equity markets rose on Thursday, led by European exchanges after stronger-than-expected German economic figures and Greece's repayment of a 450 million euro loan to the International Monetary Fund. Treasury market weakened after a weak auction of $13 billion in 30- year bonds.

  • President Barack Obama on Thursday said some Caribbean leaders he has met during his trip to the region complained their countries were unfairly singled out as risky financial centers. Obama, speaking to young people in Jamaica, said he told the leaders he would look into those complaints. He said the United States needed to make sure that offshore financial...

  • April 9- The president of BCE Inc's Bell Media would leave effective immediately, Canada biggest communications company said on Thursday, two weeks after the executive apologized for interfering in editorial coverage. Kevin Crull on March 25 apologized for telling the head of CTV News not to conduct or air interviews with the chairman of the Canadian...

  • NEW YORK, April 9- A lawyer for Nomura Holdings Inc argued on Thursday that a U.S. regulator relied on "voodoo science" to pursue claims that the bank made false statements in selling $2 billion in mortgage-backed securities to Fannie Mae and Freddie Mac. David Tulchin, Nomura's lawyer, urged a Manhattan federal judge to reject the Federal Housing Finance Agency's...

  • April 9- U.S. consumer groups, scientists and food companies are testing substances ranging from breakfast cereal to breast milk for residues of the world's most widely used herbicide on rising concerns over its possible links to disease. Testing has increased in the last two years, but scientists say requests spiked after a World Health Organization...

  • BOSTON, April 9- Steven A. Cohen has hired a hedge fund industry veteran to head a new training program designed to pass the billionaire investor's famous stock picking skills to a new generation as he rebuilds after an insider trading scandal. Cohen's $11 billion firm Point72 Asset Management said on Thursday that Jaimi Goodfriend, a college lecturer in...

  • *Alcoa, Bed Bath& Beyond both fall after results. NEW YORK, April 9- U.S. stocks closed higher on Thursday, with energy shares leading the advance as crude oil rebounded off a sharp decline, while investors bet that companies would top lowered expectations this earnings season. Earnings for S&P 500 companies are seen falling 2.8 percent in the first quarter,...

  • PUNTA DEL ESTE, Uruguay, April 9- Argentina's Vaca Muerta shale formation is "a good play," but government economic controls must be lifted and costs slashed if investments are to flow into the barely tapped field, said an executive at a subsidiary of France's Total. President Cristina Fernandez's interventionist policies have scared the most risk-hungry...

  • April 9- U.S. stocks closed higher on Thursday, with energy shares leading the advance as crude oil rebounded off a sharp decline, while investors bet that companies would top lowered expectations this earnings season.

  • WASHINGTON, April 9- Massachusetts Senator Elizabeth Warren on Thursday said Hillary Clinton should stake out a position on a multi-nation trade deal being finalized by the Obama administration. Warren, in an interview broadcast Thursday on CBS "This Morning," said that she will say where the stands on "all of the key issues, it's up to others to say whether they...