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  • Jan 28- The U.S. Food and Drug Administration approved Eisai Co Ltd's drug derived from sea sponge for a rare type of soft tissue cancer. The drug, Halaven, was approved for use in patients who have undergone chemotherapy with drugs derived from a type of bacteria, the FDA said on Thursday. Halaven, derived from a marine sponge called Halichondria okadai, was approved...

  • Senator Ted Cruz of Texas, Senator Marco Rubio of Florida, retired neurosurgeon Ben Carson and former Florida Governor Jeb Bush also gained traction on Google. Trump boycotted the event after Fox News refused to yield to his demand that network anchor Megyn Kelly be replaced as a moderator. After Fox News issued a sarcastic news release about the contretemps,...

  • Jan 29- Chevron Corp reported its first quarterly loss in more than 13 years on Friday despite Wall Street's expectations for a profit, as plunging oil prices eroded profitability across all its divisions. The company posted a fourth-quarter net loss of $588 million, or 31 cents per share, compared with a net profit of $3.47 billion, or $1.85 per share, in the...

  • NEW YORK, Jan 29- American Airlines' president on Friday said it is too early to tell if the rapidly spreading Zika virus will impact travel, but so far the airline has seen no material change to flight bookings. American Airlines President Scott Kirby said on a call with investors that Zika could put a further dent in revenues for American, which has the widest Latin...

  • WASHINGTON, Jan 29- The International Monetary Fund said on Friday it is leaving the door open to large bailout loans for countries with questionable ability to repay debt, but has revised its rules for such rescues. Last week, the IMF ended the 2010 lending exemption that allowed major bailout loans to Greece, Ireland and Portugal and helped to ease a European...

  • LONDON, Jan 29- Saudi Arabia has successfully defended its share of the U.S. oil market even as rising domestic production from shale and growing pipeline imports from Canada have cut seaborne imports from other countries. Saudi Arabia has been fortunate in that the oil produced from shale is not in direct competition with its own crude exports.

  • Led by Chief Executive Gualtiero Pasquarelli, Doc Generici ranks as one the leading suppliers of cheap generic drugs in Italy and competes with international players such as Teva and Sandoz, part of Swiss drugmaker Novartis. The London- based private equity house wants to cash out before a new wave of patent expirations takes place in Italy in 2017, hoping to...

  • "The Commission's decision... clearly shows that the scale of the crisis affecting the European steel sector has not yet fully registered with Brussels," said Gareth Stace, director of UK Steel. According to UK Steel, China accounts for more than 45 percent of the UK rebar market, up from zero four years ago. Kathleen Walker Shaw, European Officer for UK union GMB, said: "...

  • ZURICH, Jan 29- Credit Suisse looks set to post its first full-year loss since 2008 next week, with a write-down at its investment bank adding to pressure on Chief Executive Tidjane Thiam to show his turn-around plan is achievable. UBS led the way in 2012 with a similar strategy overhaul to Credit Suisse and is now the world's biggest private bank and market leader...

  • *China up for potential trade status review in Dec. BRUSSELS, Jan 29- The European Commission has estimated far fewer jobs would be lost by relaxing trade defenses against China than opponents of the move predict, a document shows, suggesting EU officials are leaning towards accepting Beijing's demands. The European Union has to decide whether to recommend...

  • WASHINGTON, Jan 29- Democratic U.S. Senator Elizabeth Warren released on Friday a report criticizing what she called "shockingly weak" punishments for corporate crimes and condemned the Justice Department and Securities and Exchange Commission for their lax approach. Warren, a favorite among progressives, criticized the Justice Department and federal law...

  • zero@ SAO PAULO, Jan 29- The Brazilian real and the Mexican peso jumped on Friday after the Bank of Japan unexpectedly cut a benchmark rate below zero, fostering demand for high-yielding assets. The move stunned investors who believed Japanese policymakers were too cautious to follow the European Central Bank, which ventured to negative territory in 2014.

  • OTTAWA, Jan 29- Canadian economic growth edged up in November on an increase in oil and gas extraction, as well as greater wholesale and retail trade but the modest improvement still pointed to a fourth quarter that was likely weak at best. Andrew Kelvin, senior rates strategist at TD Securities, said Friday's figure likely puts quarterly growth around zero, which...

  • LONDON, Jan 29- World stock markets rallied and the yen slumped on Friday after the Bank of Japan took one of its main interest rates into negative territory, its boldest step yet to re-inflate the world's third-biggest economy. The Bank of Japan said it would charge 0.1 percent for excess reserves and may cut rates further if necessary, an aggressive policy...

  • *OPEC supply rises by 290,000 bpd to 32.60 million bpd. *Indonesia's return boosts absolute level of OPEC supply. LONDON, Jan 29- OPEC oil production has jumped to its highest in recent history in January as Iran increased sales following the lifting of sanctions and its rivals Saudi Arabia and Iraq also boosted supply, a Reuters survey showed on Friday.

  • Jan 29- The following table shows OPEC crude oil output in millions of barrels per day in January and December, according to a Reuters survey published on Friday. At a Dec. 4 meeting, OPEC scrapped its supply target of 30 million bpd, which it had been exceeding for months. Indonesia, which rejoined OPEC on Dec. 4, is included in January and December estimates.

  • SAUDI ARABIA PUMPS 10.25 MILLION BPD IN JANUARY VS 10.15 MILLION BPD IN DECEMBER- REUTERS SURVEY.

  • IRAN'S OIL OUTPUT RISES 150,000 BPD IN JANUARY TO 3.05 MILLION BPD- REUTERS SURVEY.

  • OPEC OIL OUTPUT RISE IN JANUARY LED BY IRAN AFTER SANCTIONS LIFTED- REUTERS SURVEY.

  • OPEC JANUARY OIL OUTPUT RISES 290,000 BPD MONTH/MONTH TO 32.60 MILLION BPD INCLUDING INDONESIA, HIGHEST IN RECENT HISTORY- REUTERS SURVEY.