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  • *Silver expected to average $17.20/ oz this year. LONDON, Jan 27- Gold faces a third year of losses in 2015 as the United States prepares for its first interest rate rise in nearly a decade, but the market should also find a floor, clearing the way for a recovery next year, a Reuters poll showed. Gold traded around $1,285 an ounce at 1410 GMT on Tuesday.

  • MUNICH, Jan 27- Siemens Chief Executive Joe Kaeser faced tough questions on Tuesday about his stewardship of Europe's biggest engineering group, 18 months after overthrowing his predecessor in a messy boardroom coup. Siemens shares fell more than 3 percent and Kaeser, 57, faced criticism at the company's annual meeting in Munich. "Even if you are the right man at...

  • Bristol-Myers quarterly profit beats forecasts Tuesday, 27 Jan 2015 | 9:22 AM ET
    Bristol-Myers Squibb R&D headquarters.

    Bristol-Myers Squibb reported higher-than-expected earnings, helped by strong sales of its hepatitis C drugs and its Eliquis blood clot preventer.

  • NEW YORK, Jan 27- U.S. single-family home price appreciation slowed further in November as lean inventories and tight lending standards have limited housing activities, according to a closely watched survey released on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 4.3 percent in November from the prior year, the slowest since...

  • WASHINGTON, Jan 27- A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling crude oil prices were starting to have an impact on the economy. The Commerce Department said on Tuesday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business...

  • Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a 23 percent rise in quarterly profit as it increased production and shipments grew 2 percent. Net profit attributable to Nucor rose to $210 million, or 65 cents per share, for the fourth quarter ended Dec. 31 from $170 million, or 53 cents per share, a year earlier. Sales increased 2.2 percent...

  • *Caterpillar, Microsoft shares slide after results. NEW YORK, Jan 27- U.S. stocks were set to open sharply lower on Tuesday, with Microsoft and Caterpillar shares down more than 8 percent each after posting earnings, while an unexpected decline in durable goods orders also weighed on sentiment. Microsoft fell 8.4 percent in premarket trading the day after the Dow...

  • 3M tops 4Q profit forecasts Tuesday, 27 Jan 2015 | 9:15 AM ET
    A man wearing a 3M mask in Beijing

    3M on Tuesday reported fourth-quarter profit of $1.18 billion.

  • MILAN, Jan 27- Embattled Italian oil services group Saipem is in pole position to win a contract worth up to $2 billion to replace pipes at the Kashagan oilfield in Kazakhstan, two sources with knowledge of the matter said on Tuesday. Saipem has had 10 billion euros wiped from its value over the past two years, hit by two profit warnings, a corruption investigation in...

  • Jan 27- Bristol-Myers Squibb Co on Tuesday said profits could fall as much as 16 percent in 2015, a worse forecast than Wall Street had expected, as the stronger dollar takes a toll on U.S. drugmakers. Bristol-Myers, whose shares fell almost 2 percent in premarket trading, said it earned $13 million, or 1 cent per share, in the fourth quarter. Revenue fell 4 percent to...

  • JOHANNESBURG, Jan 27- Wrapping up a monetary policy speech last week, Nigerian central bank governor Godwin Emefiele declared that the naira, which has crumpled to 190 to the dollar with the drop in oil prices, was "appropriately priced". However, when currency dealers in Lagos and other financial centres in Africa and Europe got to work the next morning and turned...

  • MOSCOW, Jan 27- Russia's Gazprom plans to supply the first gas via a new route to Turkey in December 2016, Chief Executive Alexei Miller said in a statement on Tuesday. Gazprom said last year it would build a new pipeline to Turkey with a capacity of 63 billion cubic metres a year to bypass Ukraine. Miller added Russia and Turkey would sign an agreement on building the...

  • Jan 27- 3 M Co, the maker of adhesives and abrasives including Post-it notes, reported a lower-than-expected 2 percent rise in quarterly revenue, hurt by a stronger dollar. The effect was most marked in Europe, Middle East and Africa, where 3 M's sales fell 6.4 percent. Net income attributable to 3 M rose to $1.18 billion, or $1.81 per share, in the fourth quarter ended...

  • NEW YORK, Jan 27- Wall Street geared up for a regular stock and bond trading session on Tuesday after a storm that had threatened to blanket New York with up to 3 feet of snow ended up dumping just a few inches on the city. The New York Stock Exchange, a unit of Intercontinental Exchange Inc; Nasdaq OMX Group; and BATS Global Markets all expected to be open for business as...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping more than a foot of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system was set to...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday warned the recent fall in oil prices would hurt its energy equipment business in 2015 and gave an outlook for the year below market expectations after posting a disappointing fourth quarter net profit. During the fourth quarter, Caterpillar's energy business helped offset lower prices for copper, coal and iron ore...

  • Jan 27- American Airlines Group Inc on Tuesday reported a fourth-quarter profit that topped estimates and announced a new share buyback program and quarterly dividend, as the carrier saved hundreds of millions of dollars from tumbling oil prices. American, the world's largest airline by passenger traffic since its 2013 merger with US Airways, said it earned...

  • BAGHDAD, Jan 27- Falling oil prices forced Iraq's cabinet on Tuesday to revise its draft 2105 budget, trimming its forecast for oil to $55 a barrel from $60.

  • MOSCOW, Jan 27- The decision by Standard& Poor's rating agency to cut Russia's sovereign credit rating to below investment grade was largely expected, RIA Novosti news agency cited First Deputy Central Bank Governor Ksenia Yudayeva as saying on Tuesday. "We believe that, to a large extent, this was expected," Yudayeva said. "In general, it was already taken into...

  • *UAE markets stabilise after sell-off. DUBAI, Jan 27- Saudi Arabia's petrochemicals sector surged on Tuesday after OPEC's secretary-general said oil prices might have bottomed out and warned of a jump to $200 a barrel if investment in new supplies became too low. The main Saudi stock index jumped 2.4 percent in the heaviest trade this month, as shares in...