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  • LONDON, Jan 22- U.S. gasoline demand is increasing as motorists opt for bigger vehicles and drive more, encouraged by the sharp drop in fuel prices and an improving employment market. Increased fuel consumption in the United States and other advanced economies is one way lower oil prices will rebalance the market. In October, U.S. refiners and importers supplied...

  • *Company plans to cut investment 30 percent, Globo says. RIO DE JANEIRO, Jan 22- Brazilian state-run oil company Petrobras will take a charge of about 10 billion reais in its delayed third-quarter results to write down overvalued assets, the O Globo newspaper reported on Thursday, citing an unnamed government source. The company's board will meet on Jan. 27 to...

  • US 30- YEAR TREASURY YIELDS FALL TO 2.49 PERCENT AS ECB'S DRAGHI SPEAKS.

  • UPDATE 6-Oil pares gains after ECB bond buying decision Thursday, 22 Jan 2015 | 8:54 AM ET

    LONDON, Jan 22- Oil prices pared gains on Thursday after the European Central Bank said it would start buying government bonds, a move which could push the dollar to new highs and put downward pressure on commodities. Exceeding market expectations, ECB President Mario Draghi said the bank would buy 60 billion euros of government bonds a month until the end of...

  • Jan 22- United Continental Holdings Inc provided a bullish outlook for the coming year on Thursday in part because of lower fuel costs, sending shares up even though its fourth-quarter profit fell short of expectations. "That would be starting off the year on a very, very strong note," said CRT Capital Group analyst Michael Derchin, adding that he could not recall...

  • US 10- YEAR TREASURY YIELDS FALL TO 1.913 PERCENT AS ECB'S DRAGHI SPEAKS.

  • ECB agrees landmark sovereign bond-buy plan Thursday, 22 Jan 2015 | 8:51 AM ET

    FRANKFURT, Jan 22- The European Central Bank agreed on Thursday to embark on a quantitative easing programme that will see it print money to buy up 60 billion euros worth of sovereign bonds from March until the end of September next year. Countries under a bailout programme, such as Greece, will be included but with some additional criteria. "Under this expanded...

  • US TREASURY YIELDS FALL SLIGHTLY AFTER ECB ANNOUNCES BOND PURCHASES.

  • LONDON, Jan 22- Global crude steel production rose 1.2 percent to 1.662 billion tonnes in 2014, compared with the previous year, figures from the World Steel Association showed on Thursday. Crude steel output in China, the world's top producer and consumer of the alloy, rose 0.9 percent to 822.7 million tonnes, the data showed. The European Union recorded an...

  • DETROIT, Jan 22- The Obama administration on Thursday will unveil a change to its safety ratings program that awards cars and trucks up to five stars in crash tests, the Detroit News reported. The head of the U.S. National Highway Traffic Safety Administration, Mark Rosekind, said the change in the five-star New Car Assessment program will be announced by...

  • U.S. jobless claims fall from 7-month high Thursday, 22 Jan 2015 | 8:30 AM ET

    WASHINGTON, Jan 22- The number of Americans filing new claims for unemployment benefits fell last week from a seven-month high, pointing to continued improvement in labor market conditions. Initial claims for state unemployment benefits slipped 10,000 to a seasonally adjusted 307,000 for the week ended Jan. 17, the Labor Department said on Thursday.

  • BUENOS AIRES, Jan 22- The death of a prosecutor investigating the bombing of a Jewish community center was not a suicide, as was initially reported, Argentine President Cristina Fernandez said on Thursday. Alberto Nisman, lead investigator into the 1994 attack on the AMIA Jewish center that killed 85 people, was found dead in his apartment late Sunday, a 22 caliber...

  • BOSTON, Jan 22- Asset manager Janus Capital Group said on Thursday that fourth-quarter profit rose 22 percent after its hiring of star bond fund manager Bill Gross helped it reach its first quarter of net deposits since 2009.. Denver- based Janus reported net income of $46.7 million, or 24 cents per share, compared with $38.3 million, or 21 cents per share, a year...

  • MOSCOW, Jan 22- Russia's Lukoil plans to start a tour to test market interest for a possible new Eurobond issue in the spring, its Chief Executive Vagit Alekperov was quoted as saying on Thursday by Interfax news agency. Western sanctions imposed on Russia over its role in the Ukraine crisis has made it all but impossible for many companies to raise financing on...

  • MOSCOW, Jan 22- Non-performing loans of Russia's non-financial sector may reach 5.3 to 5.5 percent this year, a deputy governor of Russia's central bank Mikhail Sukhov told Reuters.

  • Jan 22- United Continental Holdings Inc said on Thursday that its profit was $28 million last quarter, falling short of analysts' estimates. The Chicago- based airline earned $461 million, or $1.20 per diluted share, excluding $433 million in special costs largely from settling losing fuel hedges and from a voluntary buyout for flight attendants.

  • LONDON, Jan 22- Britain's financial regulator has fined and banned the former chief executive and compliance chief of UK brokerage RP Martin for "compliance and cultural failings" that it said permitted the alleged manipulation of Libor benchmark interest rates. In its first fine on individuals for failings related to a sprawling, global investigation, the...

  • SHANGHAI, Jan 22- The People's Bank of China is desperate to stimulate a slowing economy, but flagging enthusiasm for Chinese assets is blunting its traditional monetary policy tools and forcing the central bank to adopt different tactics. Tinkering with short-term liquidity has proved ineffective, however, in offsetting the deeper capital outflows that...

  • By Paul Carrel and John O'Donnell. FRANKFURT, Jan 22- The European Central Bank kept the cost of borrowing unchanged on Thursday and remains poised to announce a plan to buy government bonds with new money, its last gambit for breathing life into a euro zone economy. Expectations are high for the ECB to unveil large-scale quantitative easing despite opposition...