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*China demand soft ahead of Lunar New Year- traders. Benchmark copper on the London Metal Exchange slipped to $8,087.50 a tonne at 1050 GMT, down 0.4 percent from a close of $8,110 a tonne on Thursday.
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MILAN, Jan 11- Return-hungry investors snapped up Italian bonds at an auction on Friday, pushing yields on three-year paper below 2 percent for the first time since March 2010 with and little concern shown for the upcoming general election.
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NEW YORK, Jan 11- A U.S. regulatory probe of JP Morgan Chase& Co is expected to result in an order that the bank correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. The order is expected to be issued by the Office of the Comptroller of the Currency and the Federal Reserve.
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Reuters has withdrawn the story headlined "Apple exec dismisses cheaper phone as a market share grab-report" which was based on a Shanghai Evening News report that was subsequently updated with substantial changes to its content. No replacement story will be issued. STORYtNUMBER: L1E9CAFG8 STORYtDATE: 10/01/2013 STORYtTIME: 2306 GMT.
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LONDON, Jan 11- Gold prices slipped below $1,670 an ounce on Friday as stock market weakness and a firmer tone to the dollar prompted some buyers to cash in gains after the metal's biggest one-day rise this year. Spot gold was down 0.3 percent at $1,669.40 an ounce at 1028 GMT, while U.S. gold futures for December delivery were down $8.40 an ounce at $1,669.60.
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NEW DELHI, Jan 11- Monthly palm oil imports by India, the world's top edible oil importer, rose 17 percent in December, fed by scarce domestic supply of alternatives and attractive overseas prices due to record stocks in key supplier Malaysia, a Reuters survey showed.
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LONDON, Jan 11- There has been no official announcement but Saudi Arabia's effective target for oil prices appears to have risen from $100 to $110 per barrel, based on recent changes in the kingdom's production levels.
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MILAN, Jan 11- Italian three-year borrowing costs dipped under 2 percent at an auction on Friday, falling to the lowest level in nearly two years amid strong demand for the debt of weaker euro zone members from investors hunting for higher yields.
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*Saudi curbs, Yemen disruption check losses. LONDON, Jan 11- Oil slipped towards $111 a barrel on Friday on growing concern that oil demand may be weakening in the short term as global economic activity remains subdued. Brent futures lost 62 cents to $111.27 per barrel by 1013 GMT.
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The company, a partnership between Ford Motor Co and Turkey's Koc Holding, said its total output fell to 272,000 units in 2012, general manager Haydar Yenigun told a news conference.
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*To wait until factories end Lunar New Year break in Feb- trade. HONG KONG, Jan 11- Most users of refined copper in China, the world's largest consumer of the metal, will hold off on spot purchases until March, despite brighter prospects for consumption, preferring to wait until factories re-open after Lunar New Year celebrations.
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*Basic resources stocks fall as China inflation caps stimulus prospects. LONDON, Jan 11- European shares edged down on Friday but stayed close to near two-year highs, with falls in basic resources stocks on concerns about faltering monetary stimulus from China offsetting gains in tech shares.
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LONDON, Jan 11- The dollar rose to a fresh 2 1/ 2- year high against the yen on Friday after Japanese Prime Minister Shinzo Abe said the Bank of Japan should consider adding employment to its existing mandate of price stability.
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BEIJING, Jan 11- China's anticipated rise to reserve currency status could boost gold's role in the global monetary system, although a return of a "gold standard" to which paper money is tied is unlikely, according to a new report from a central banking think-tank.
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SHANGHAI, Jan 11- China's yuan surged to a record high on Friday after the dollar slumped against the euro and as the central bank signalled increasing tolerance for appreciation amid strong export and inflation data.
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LONDON, Jan 11- European shares consolidated close to two year highs on Friday after Europe's Central Bank expressed cautious optimism on the euro zone's prospects.
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LONDON, Jan 11- European shares briefly turned negative on Friday, led down by energy group Tullow Oil, but they remained within sight of two-year highs. Shares in Tullow fell 4.4 percent in brisk volume as the group's production figures for 2012 narrowly missed investor estimates.
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*Higher-than-expected China inflation tempers easing hopes. HONG KONG, Jan 11- Mainland Chinese shares suffered their worst day in nearly four months on Friday, dragging Hong Kong into the red, after December inflation data came in higher than expected, crimping hopes of fresh monetary easing to nurse China's economic recovery.
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BEIJING, Jan 11- China's annual consumer inflation rate quickened to a seven-month high of 2.5 percent in December on rising food prices, ahead of expectations and narrowing the scope for the central bank to boost the economy by easing monetary policy.
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*Flight from Tokyo landed safely after cockpit window crack. TOKYO/ WASHINGTON, Jan 11- Boeing Co's 787 Dreamliner jet suffered a cracked cockpit window and an oil leak on separate flights in Japan on Friday- the latest in a series of incidents to test confidence in the sophisticated new aircraft.