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  • Global sales of AbbVie's arthritis treatment Humira jumped 10.5 percent to $3.72 billion, even as a stronger dollar crimped sales by 13 percent in markets outside the United States. Still, sales of both products came in slightly below Wall Street analysts' forecasts, raising questions about the sustainability of AbbVie's key products, Credit Suisse analyst...

  • BRASILIA, Jan 29- Brazil is losing the battle against the mosquito spreading the Zika virus, President Dilma Rousseff said on Friday, calling for a national effort to eradicate the insect. The virus has been linked to thousands of cases of babies being born in Brazil with microcephaly- meaning they have abnormally small heads and brains that have not developed...

  • *Weak prices, China dumping weighing on Indian steelmakers. MUMBAI, Jan 29- India's JSW Steel Ltd said on Friday that its output and sales for the fiscal year to March will fall short of its target due to a delay in capacity addition, as it reported a $136 million quarterly loss. A sharp increase in imports from Japan and South Korea, who have free trade agreements with...

  • *Ministry calls for new tax to bolster budget. MOSCOW, Jan 29- Russian oil firms would have to pay more tax on some of their fields under reforms being prepared by the finance ministry, which is seeking to get more revenue into the budget, according to three officials and a draft of the plans seen by Reuters. According to Vygon Consulting, a total of 198 fields, including...

  • MILAN/ LONDON, Jan 29- European equities looked set to end the week on a high after the Bank of Japan stunned markets on Friday by voting narrowly to introduce negative interest rates in a bid to revive inflation. Japan's central bank said it would charge 0.1 percent for excess reserves parked with it, an aggressive deflation-fighting policy pioneered by the...

  • Jan 29- Hydro One Ltd, Ontario's largest electric utility said it will buy an electricity transmission business from Brookfield Infrastructure for C $222 million. Hydro One began trading on the Toronto Stock Exchange in November after its initial public offering, one of the largest in Canadian history. Hydro One's shares were mostly flat at C $22.45 in morning...

  • AMERICAN AIRLINES EXPECTS LOWER OIL PRICES WILL DELAY WHEN PASSENGER UNIT REVENUE FOR THE U.S.

  • LONDON, Jan 29- Oakley Capital's private equity division is planning a third fund totalling up to 750 million euros, a source familiar with the matter said, after the company's listed arm released a trading update on Friday. Oakley Capital Investments Ltd said that it would commit 250 million euros to Fund III. The latest fund is larger than its predecessor, which...

  • WASHINGTON, Jan 29- The U.S. Labor Department on Friday took the next step toward requiring brokers who provide retirement advice to follow a "fiduciary" standard of putting their customers' interests first, a move that could roil the financial services industry. The White House's Office of Management and Budget said on its website that it had received the...

  • Jan 29- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, continued its fall to close at a fresh record low on Friday. Average daily earnings for capesize vessels, which typically transport 150,000- tonne cargoes such as iron ore and coal, decreased by $66 to $2,785. Average daily earnings for panamaxes,...

  • Jan 29- U.S. stocks opened higher on Friday after weak GDP data raised expectations that the U.S. Federal Reserve would go slow on future interest rate hikes. The Dow Jones industrial average was up 51.23 points, or 0.32 percent, to 16,120.87; the S&P 500 rose 4.72 points, or 0.25 percent, to 1,898.08; and the Nasdaq Composite index gained 5.49 points, or 0.12 percent, to...

  • FRANKFURT/ BERLIN, Jan 29- German politicians and auto executives will discuss creating incentives worth up to 5,000 euros to boost sales of electric and hybrid cars, a senior ally of Chancellor Angela Merkel said on Friday. Germany has set itself a goal of bringing 1 million electric cars onto its roads by 2020, but has so far made little progress in encouraging...

  • *James Murdoch returns as chairman of European pay-TV group. LONDON, Jan 29- James Murdoch is to return as chairman of Sky four years after a phone-hacking scandal forced him out, potentially taking the Murdoch family a step closer to full ownership of the European pay-TV group. His appointment, seven months after becoming chief executive of Fox, follows Rebekah...

  • Jan 29- U.S. natural gas futures climbed up 5 percent early Friday in a short covering rally on forecasts for colder weather through the middle of February that should boost heating demand. After trading within a few cents of unchanged for eight days in a row, front-month gas futures on the New York Mercantile Exchange rose 10.9 cents to $2.291 per million British...

  • *U.S. fourth-quarter GDP rises at a 0.7 percent rate. WASHINGTON, Jan 29- U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 percent annual rate, the Commerce Department said on Friday in a...

  • NEW YORK, Jan 29- The dollar rose on Friday after the release of a U.S. gross domestic product report that was in line with economists expectations. The greenback rose more than 2 percent against the yen after the data to 121.28 yen, the highest rate for the dollar against the Japanese currency since December. The euro fell to a session low against the dollar after the...

  • LONDON, Jan 29- Short-dated gilt yields were on track for their biggest monthly drop since 2010 on Friday after the Bank of Japan cut a key policy rate below zero, further weakening the case for a near-term hike by the Bank of England. British government bond prices jumped after the unexpected decision from the BOJ, which followed the European Central Bank in...

  • AMERICAN AIRLINES BELIEVES IT IS "TOO EARLY TO TELL" WHAT IMPACT IF ANY THE ZIKA VIRUS WILL HAVE ON TRAVELER DEMAND- PRESIDENT.

  • NEW YORK, Jan 29- U.S. Treasury yields fell to four-month lows on Friday after the Bank of Bank of Japan surprised investors by introducing negative rates in a further effort to stimulate the country's flagging economy. "The big news overnight was Japan going to negative rates, which quickly gave a bid to Treasuries and for that matter all of fixed income in general,"...

  • MILAN, Jan 29- Italian banks, seeking to sell off bad loans without taking a damaging hit to their finances, will get a price 15-20 percent higher than they might have otherwise thanks to a state guarantee, a source close to the matter said. The Italian government is keen to help its banks offload an estimated 201 billion euros of bad loans racked up during a long...