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  • *Discounts to be offered only in Germany- DPA. FRANKFURT/ BERLIN, Oct 25- Volkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe's biggest carmaker, German news agency DPA reported on Sunday. The group now expects the costs of the scandal, which include a recall of 8.5...

  • LONDON, Jan 20- The safe-haven yen soared on Wednesday, as risk appetite soured after crude oil prices fell to near 13- year lows, dragging the dollar to a one-year low with investors trimming the chances of more tightening by the Federal Reserve. The dollar fell more than 1.2 percent to 116.10 yen in London trade, its lowest since January 2015.

  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...

  • TOKYO, Jan 20- Japan's government raised its assessment of industrial production in January for the first time in 10 months after companies forecasted a rebound in output, but China's economy and global financial market turmoil are risks to the outlook. The government left unchanged its overall assessment that there are pockets of weakness amid a gradual...

  • GLOBAL VACCINES ALLIANCE SIGNS $5 MLN ADVANCE PURCHASE AGREEMENT FOR MERCK'S EXPERIMENTAL EBOLA VACCINE.

  • DAVOS/ LONDON, Jan 20- The Gavi global alliance for vaccines and immunisation group signed a $5 million advance purchase commitment on Wednesday to buy a vaccine being developed by Merck to protect against future outbreaks of the deadly Ebola virus. Gavi said the agreement would help the U.S. drugmaker take the experimental Ebola vaccine through late-stage...

  • BEIJING, Jan 20- China's cotton imports dropped to their lowest in at least 9 years in 2015, according to Reuters calculations based on trade figures released on Wednesday. Imports by the world's top consumer of the fibre have been slowing as the gap between domestic and international prices narrows and after Beijing reduced the availability of low-tariff...

  • LONDON, Jan 20- European stocks dropped on Wednesday as a relentless slide in oil prices hit world markets. Britain's FTSE 100 fell 1.9 percent, Germany's DAX slid 2.3 percent while France's CAC retreated by 2.2 percent. Oil prices lost yet more ground, with U.S. crude dropping towards $27 a barrel, after the International Energy Agency, which advises...

  • SINGAPORE, Jan 20- Crude futures slumped again in Asian trade on Wednesday, with U.S. oil dropping more than 3 percent towards $27 a barrel and its lowest since 2003, on worries about global oversupply. They are selling oil for cashflow not for profit, "said Jonathan Barratt, chief investment financial officer at Sydney's Ayers Alliance. U.S. crude futures were...

  • *BOJ meets for rate review Jan. 28-29, decision out Jan 29. TOKYO, Jan 20- The Bank of Japan is likely to cut its core consumer inflation forecast for the coming fiscal year to possibly below 1 percent at a policy review next week, say three sources familiar with its thinking. While the revision may heighten pressure on the BOJ to expand its already massive monetary...

  • The Bahrain- based Accounting and Auditing Organisation for Islamic Financial Institutions said last week that it had taken up the development of a standard for gold, a project which was launched last year by the World Gold Council, a London- based market development body. "This standard is expected to have a substantial, positive impact... and will cover a wide...

  • Citi cuts aluminium price forecast on rising China exports. MELBOURNE, Jan 20- London copper eased on Wednesday on jitters over the slowdown in China's economy, although losses were curbed by hopes Beijing could roll out more stimulus measures. China's volatile stock markets fell on Wednesday, but chatter about imminent policy stimulus provided some support...

  • *Mounting talk of domestic stimulus aids China shares. SHANGHAI, Jan 20- China's volatile stock markets fell more than 1 percent on Wednesday, though mounting chatter about imminent policy stimulus provided some support against the backdrop of a fresh slide in oil prices, which hit stock markets across the globe. On Tuesday, the statistics bureau also released...

  • SHANGHAI, Jan 20- China stocks fell on Wednesday, giving up some of the previous session's 3 percent gain, after the securities regulator approved a new batch of initial public offerings. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.5 percent, to 3,174.38, while the Shanghai Composite Index lost 1.0 percent, to 2,976.69 points.

  • TOKYO, Jan 20- Japan's benchmark Nikkei share average tumbled to a fresh 14-1/ 2 month low on Wednesday as global markets were battered by plunging crude prices that slid to nearly $27 a barrel in the U.S. Shares of three companies that debuted last November as Japan's biggest initial public offering since 1987 sank to record lows amid the day's frantic selling.

  • *Asia shares skid over 2 pct; Hong Kong hardest hit. SYDNEY/ HONG KONG, Jan 20- Asian stock markets slumped to fresh four-year lows on Wednesday as a relentless slide in oil prices snuffed out an attempted rally on Wall Street and dealt a further blow to global investors' appetite for riskier assets. European stocks were expected to fall sharply at the open on...

  • BRASILIA, Jan 20- Growing fears about Brazil's deepest recession in decades could prompt the central bank on Wednesday to keep interest rates on hold or opt for a smaller increase than previously signaled, analysts say. Many economists changed their forecasts to a 25- basis-points rate increase from 50 basis points after central bank chief Alexandre Tombini...

  • DETROIT, Jan 20- Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015.. Ford CEO Mark Fields said last week that EVs "are a difficult sell at $2 a gallon." Plug-in vehicles accounted for fewer than 1 percent of the 17.4 million cars and trucks sold last year,...

  • YORKTOWN, Texas, Jan 20- Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18- month downturn. Yet many of around 50 listed U.S. independent oil producers and scores of smaller ones...

  • TOKYO, Jan 20- Japanese government bonds edged slightly down on Wednesday ahead of the next day's 20- year auction, but moved off their session lows as a slump in equities lent appeal to safe-haven government debt. The yield on the 20- year JGB was flat at 0.925 percent down from a session high of 0.935 percent ahead of Thursday's monthly 20- year JGB auction by the...