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LONDON, Jan 11- European equities stalled on Friday, with weak economic data from the United States and concerns about the scope for more stimulus in China giving investors the excuse to lock in profits on a new year rally to multi-month highs.
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*Czechs vote for president to replace Vaclav Klaus. PRAGUE, Jan 11- A tattoo-covered artist, an aristocrat, a statistician and tippling chain smoker faced off with other candidates in the Czech Republic's first ever direct election on Friday to replace Euro-sceptic President Vaclav Klaus.
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*Ample off-year Brazil crop weighs on arabica coffee. The euro rose to its highest since April 2012 against the dollar on Friday with investors continuing to trade on the absence of any hints as to future euro zone interest rate cuts from European Central Bank President Mario Draghi on Thursday.
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LONDON, Jan 11- Asian firms and Eurobond debutants from Africa will be prominent among emerging borrowers hoping to tap buoyant appetite for high-yield assets in 2013 although issuance and investor returns may fall short of last year.
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Jan 11- The U.S. Department of Homeland Security urged computer users to disable Oracle Corp's Java software, amplifying security experts' prior warnings to hundreds of millions of consumers and businesses that use it to surf the Web. Oracle declined to comment on the warning on Friday.
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WASHINGTON, Jan 11- A federal appeals court ruled on Friday that Netflix Inc got an unfair advantage from the U.S. Postal Service's special handling of its DVDs, and ordered postal officials to remedy the discrimination or offer a good explanation. Neither Netflix nor GameFly immediately responded to requests for comment.
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Jan 11- U.S. drugmaker Merck& Co said it is taking steps to suspend availability of its drug Tredaptive after the medicine, used to raise "good" HDL cholesterol, failed to prevent heart problems in a large study. The medicine is not approved in the United States but is sold in about 40 countries.
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*Traders expect USDA to raise estimates for soy inventories. The USDA at 11 a.m. CST is projected to raise its outlook for U.S. soy inventories at the end of the crop's marketing year on Aug. 31 by 2.3 percent from last month to 133 million bushels, according to a Reuters poll. Chicago Board of Trade March soybeans slid 1.2 percent to $13.62- 3/ 4 a bushel by 9:40 a.m. CST.
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WASHINGTON/ NEW YORK, Jan 11- The United States ordered a wide review of Boeing's latest passenger jet, the 787 Dreamliner, citing "concern" over a spate of technical problems in recent weeks. The review will put an emphasis on the 787' s advanced electrical systems and cover their design, manufacture and assembly, the Federal Aviation Administration said.
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*Wells Fargo shares drop despite record profit. *Boeing falls as Dreamliner hit by two more incidents. NEW YORK, Jan 11- U.S. stocks dipped on Friday after a record profit at Wells Fargo failed to attract buyers and Boeing shares were pressured by two further problems with its new Dreamliner aircraft.
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*Dept of Homeland Security: Java vulnerable to hackers. Jan 11- The U.S. Department of Homeland Security urged computer users to disable Oracle Corp's Java software, amplifying security experts' prior warnings to the hundreds of millions of consumers and businesses that use it to surf the Web.
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SOMERSET, N.J., Jan 11- Many countries are trying to use monetary policies to protect their currencies, a troubling sign of possible "currency wars," a top U.S. Wading into the sticky debate that often pits developed economies against emerging economies, Philadelphia Fed President Charles Plosser said growing currency wars would not be a healthy development.
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*Moody's says Cyprus default risk increasing. LIMASSOL, Cyprus/ BERLIN, Jan 11- Cyprus appeared to win conditional support for its bailout bid from EU paymaster Germany on Friday, hours after a savage credit ratings cut intensified the indebted island's economic misery.
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Transportation Secretary Ray LaHood and Boeing commercial airplanes chief Ray Conner. "Boeing is doing a good job getting in front of the FAA situation. My view is that if the FAA deems this as a non-design issue, Boeing will be fine.
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LONDON, Jan 11- Gold prices fell on Friday, with buyers cashing in gains after an earlier rally failed to take the precious metal above the previous session's high, with selling accelerating as it slid below a key chart level at $1,661 an ounce.
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Jan 11- U.S. drugmaker Merck& Co said it is taking steps to suspend availability of its drug Tredaptive after the medicine, used to raise "good" HDL cholesterol, failed to prevent heart problems in a large study. The medicine is not approved in the United States but is sold in about 40 countries.
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*Moody's set $5 bln debt reduction target in Aug. But Moody's cut the steelmaker's credit to junk status in November anyway, though Steve Oman, Moody's lead analyst for EMEA steel corporates, said the agency was then aware of ArcelorMittal's latest cash-raising efforts. Now Moody's says ArcelorMittal needs to cut more to avoid a further drop.
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NEW YORK, Jan 11- An improving economic outlook held world shares near a 20- month high on Friday, while the euro rose to its highest against the dollar since April in the wake of encouraging remarks from the head of the European Central Bank.
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LONDON, Jan 11- Global investors seem happy to slip back into riskier waters of emerging market equities once again but it's a step-by-step process and ways of staying in the shallows are still being sought by many.
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NEW YORK, Jan 11- Brent crude futures fell more than $2 and U.S. crude more than $1 on Friday as concerns about demand, a U.S. crude oil pipeline expansion and plunging gasoline futures pressured oil prices. Brent February crude was down $1.95 at $109.94 a barrel at 10:39 a.m. EST, after dropping to $109.60 and having reached $111.95.