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  • *NASA and Russian accounts of incident differ. MOSCOW, Jan 14- The crew of the International Space Station safely evacuated to the Russian segment on Wednesday after systems detected a possible ammonia leak in the U.S. side, but NASA said it might have been a false alarm. "The Expedition 42 crew members are safe and in good shape inside the Russian segment of the...

  • WASHINGTON, Jan 14- President Barack Obama's administration will unveil new rules Wednesday that aim to slash methane emissions from oil and gas production by up to 45 percent by 2025 in its latest move to solidify the Democratic president's credentials on climate change. Under the proposal, the Environmental Protection Agency and Department of Interior...

  • *Fourth-qtr net income $1.19/ shr vs. average estimate $1.31. Jan 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were "under assault." JPMorgan agreed in November to pay $1 billion in penalties...

  • *Retail sales fall 0.9 percent in December. WASHINGTON, Jan 14- U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, which could temper expectations for a sharp acceleration in consumer spending in the fourth quarter. The Commerce Department said on Wednesday retail sales fell 0.9 percent last month...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • *Gold sector holds best opportunities in mining- QKR. Gold shed around a quarter of its value in the last two years after a more than decade-long bull run. "We have never been busier," said David Harquail, chief executive of royalty and streaming company Franco-Nevada.

  • *World Bank cuts global growth forecasts. *JPMorgan falls in premarket after earnings. Copper touched its lowest since July 2009 and were last down 5 percent at $5,570 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year.

  • OSLO, Jan 14- Norway's Statoil has handed back three out of its four Greenland offshore oil and gas exploration licenses, it said on Wednesday, in another sign of cost cutting by energy firms following a plunge in oil prices. Statoil has Arctic licenses from Greenland to Russia. Statoil's three licenses off the west coast of Greenland were handed back by the end of...

  • *Qatar National Bank drops after earnings miss. *Kuwait's Americana tumbles as sale falters. *Egypt extends gains on cheap oil, foreign investment hopes.

  • OSLO, Jan 14- Norway's Statoil has handed back three out of its four Greenland offshore oil and gas exploration licences, it said on Wednesday, in another sign of cost cutting by energy firms following a plunge in oil prices. Statoil has Arctic licences from Greenland to Russia. Statoil's three licences off the west coast of Greenland were handed back by the end of...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • DETROIT, Jan 14- General Motors Co on Wednesday forecast that its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. Last year, Mary Barra's first as chief executive officer of the Detroit company, GM dealt with the recall of 2.6 million cars due to the faulty switch that led to...

  • Jan 14- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers. Wells Fargo's total loans rose 2.8 percent to $862.6 billion in the fourth quarter. Wells Fargo shares were down 1.5 percent in premarket trading on Wednesday.

  • JOHANNESBURG, Jan 14- South Africa's credit regulator has referred small lender Ubank to a consumer tribunal, recommending it should be fined for reckless lending and forced to change its business practices. The move comes just months after another South African bank, African Bank Investments, had to be rescued by the central bank following reckless lending...

  • *Fourth-qtr net income $1.19/ shr vs. average estimate $1.31. Jan 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes into alleged currency manipulation and fixed-income revenue fell. Revenue in JPMorgan's fixed-income business fell 23 percent...

  • *World Bank cuts global growth forecasts. *JPMorgan falls in premarket after earnings. Copper touched its lowest since July 2009 and were last down 5.1 percent at $5,353.25 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year.

  • MOSCOW, Jan 14- Russian Finance Minister Anton Siluanov said on Wednesday the central bank would gradually sell forex from the country's Reserve Fund to support the market, hit by Western sanctions and declining oil prices. Earlier on Wednesday, Siluanov said the Finance Ministry intended to convert part of the Reserve Fund into roubles to take advantage of...

  • GLOBAL MARKETS-Markets slump on gloomy growth outlook Wednesday, 14 Jan 2015 | 8:34 AM ET

    *World Bank cuts growth forecasts, deflation fears grow. LONDON, Jan 14- Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fueling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation. Market nerves were soothed somewhat after a top adviser to the...

  • U.S. import prices post biggest drop since 2008 Wednesday, 14 Jan 2015 | 8:30 AM ET

    WASHINGTON, Jan 14- U.S. import prices recorded their biggest drop in six years in December as the cost of petroleum plunged, keeping imported inflation pressures subdued. The Labor Department said on Wednesday import prices fell 2.5 percent last month, the largest decline since December 2008, after falling 1.8 percent in November. Imported petroleum prices...

  • U.S. retail sales weak, cast a cloud on consumer spending Wednesday, 14 Jan 2015 | 8:30 AM ET

    WASHINGTON, Jan 14- A gauge of U.S. consumer spending unexpectedly fell in December as demand fell almost across the board, but that is probably not the start of a weak trend given lower gasoline prices and a firming labor market. The Commerce Department said on Wednesday retail sales excluding automobiles, gasoline, building materials and food services fell 0.4...