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  • WASHINGTON, Feb 12- The number of U.S. properties in foreclosure upon rose 5 percent in January, driven by a jump in bank repossessions, real estate data firm RealtyTrac said on Thursday. A nationwide increase in scheduled foreclosure auctions in 21 states in January reflected that they were "coming off somewhat artificially low levels last year," RealtyTrac Vice...

  • Trading volume in Shanghai thin ahead of Lunar New Year. SHANGHAI, Feb 12- China stocks retreated early on Thursday despite fresh central bank moves to improve short-term liquidity, as investor confidence was not strong enough to extend a three-day winning streak for the main indexes. "In addition to easing policies we see today, there could be further cuts in...

  • China's yuan flirts with lower limit on gloomy data Wednesday, 11 Feb 2015 | 11:52 PM ET

    SHANGHAI, Feb 12- China's yuan weakened on Thursday and flirted with the lower limit of its daily trading band as data suggested the world's second-largest economy is still losing momentum despite a series of stimulus measures. The People's Bank of China set the midpoint rate at 6.1333 per dollar prior to market open, weaker than the previous fix of 6.1315.

  • KAZAKH CENTRAL BANK HEAD KELIMBETOV SAYS EXPECTS CREDIT PORTFOLIO OF LOCAL BANKS TO RISE MORE THAN 10 PCT IN 2015 FROM 7 PCT IN 2014.

  • *Saudi oil minister discusses cooperation with Gazprom chairman. BEIJING, Feb 12- Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand. March Brent futures were up 40 cents to $55.06 a barrel at 0429 GMT, following a 3- percent loss in the...

  • KAZAKHSTAN AIMS TO SLASH ANNUAL INFLATION TO 3-4 PERCENT BY 2020 FROM 7.4 PCT IN 2014- CENTRAL BANK HEAD KELIMBETOV.

  • LAUNCESTON, Australia, Feb 12- Anybody looking at China's vast aluminum sector may be struck by a sense of deja vu, as the issues of last year appear set for a repeat performance in 2015.. China produced about 27.5 million tonnes of aluminum last year, according to consultants AZ China, a figure above the official 24.4 million tonnes, which AZ China says doesn't...

  • MELBOURNE, Feb 12- London copper slipped in thin trade on Thursday on growing worries that a renewed Greek debt crisis could jolt the euro zone, while trade in general flattened out as demand slowed ahead of the Lunar New Year. "I have been surprised how well copper has held against the issues in Greece and also the drop in oil prices," said strategist Daniel Hynes of...

  • *Saudi oil minister discusses cooperation with Gazprom chairman. March Brent futures were up 34 cents to $55 a barrel at 0305 GMT, following a 3- percent loss in the previous session that saw prices break below $54 at one point. On Wednesday, Saudi Arabia's oil minister met with the chairman of Russian state-controlled energy giant Gazprom, Saudi state media said,...

  • U.S.-listed Macau junket denied HK dual listing Wednesday, 11 Feb 2015 | 9:47 PM ET

    HONG KONG, Feb 12- U.S.-listed Macau junket operator Iao Kun Group Holding Co Ltd on Thursday said its application for a Hong Kong dual listing had been rejected due to its declining performance and uncertain outlook. Mid-sized Iao Kun, which runs VIP baccarat tables in the world's gaming capital, said the Hong Kong stock exchange blocked the plan citing "overall...

  • DETROIT, Feb 11- Tesla Motors Inc missed fourth-quarter sales targets and analysts' profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla's growth trajectory could take its market value to $700 billion, matching that of Apple Inc.. It was a glimmer of optimism capping a difficult quarter that saw the electric-car company...

  • Nikkei at 2-month high as weak yen lifts exporters Wednesday, 11 Feb 2015 | 9:28 PM ET

    *Fanuc soars to record high on report Third Point buys stake. TOKYO, Feb 12- Japan's Nikkei share average hit a two-month high on Thursday as the weak yen boosted exporters such as Toyota Motor Corp and Sony Corp, while investors cautiously awaited the outcome of Greek debt negotiations. Fanuc Corp soared 3.7 percent to a record high after the Nikkei business daily...

  • *Asia cautious amid conflicting Greece headlines. *European Council meeting later in session next in focus. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7 percent as markets from Australia to China all declined.

  • METALS-London copper slips as jitters grow over Greece Wednesday, 11 Feb 2015 | 9:03 PM ET

    MELBOURNE, Feb 12- London copper slipped in thin trade on Thursday on growing worries that a renewed Greek debt crisis could jolt the euro zone, while trade in general flattened out as demand slowed ahead of the Lunar New Year. *Three-month copper on the London Metal Exchange had edged down around 0.2 percent to $5,590 a tonne by 0156 GMT, after finishing flat in the...

  • BRUSSELS, Feb 12- A draft statement by euro zone finance ministers on how to handle Greece's finances spoke of "extending" its current bailout deal as a "bridge" to a new package, according to a copy of the draft that was rejected by Athens. A draft of the planned Eurogroup statement, seen by Reuters, read: "Today the Eurogroup took stock of the current situation in Greece...

  • *Probe follows record fine against Qualcomm in China. SEOUL, Feb 12- South Korea's Fair Trade Commission is investigating Qualcomm Inc, a person familiar with the matter told Reuters on Thursday, adding to antitrust woes for the U.S. chipmaker following a record fine it agreed to pay in China. Qualcomm, the Fair Trade Commission and Samsung Electronics declined to...

  • SEOUL, Feb 12- U.S. crude futures rose above $49.50 a barrel on Thursday as the Ukraine army suffered some of the heaviest losses in the nine-month war, and Saudi Arabia and Russia's energy giant Gazprom discussed cooperation between OPEC and non- OPEC oil producers. *The leaders of France, Germany, Russia and Ukraine held peace talks in Belarus on Wednesday, while...

  • BRUSSELS, Feb 12- A draft statement by euro zone finance ministers on how to handle Greece's finances spoke of "extending" its current bailout deal as a "bridge" to a new package, according to a copy of the draft that was rejected by Athens. The new Greek government, elected on a mandate to end deeply unpopular international bailout terms, has insisted there can be no "...

  • *Greece wants debt rescheduled, transition without troika. *Thousands demonstrate in Athens against austerity. BRUSSELS, Feb 11- Greece's new leftist government and its international creditors failed to agree on a way forward on the country's unpopular bailout and will try again on Monday, with time running out for a financing deal.

  • SINGAPORE, Feb 12- Gold edged higher on Thursday, after earlier dropping to a five-week low, as confusion over Greece's debt negotiations with its European lenders dominated markets, drumming up some safe-haven bids for the metal. *Spot gold fell to $1,216.45 an ounce, its lowest since Jan. 9, before recovering to trade up 0.2 percent at $1,220.60 by 0046 GMT.