BoE's Haldane: Too Big to Fail Is Still 'Business Unfinished'
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HONG KONG, Jan 8- Mainland China shares fell from a near seven-month high on Tuesday, hit by weakness in the property and financial sectors after official media said a stricter enforcement of property curbs was needed to crimp rising home prices. The CSI300 of the top Shanghai and Shenzhen listings closed down 0.4 percent at 2,525.3.
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TOKYO, Jan 8- Japan's Nikkei fell on Tuesday as investors turned cautious over the index's recent rapid gains and sold shares in exporters as the yen's depreciation paused, while buying in defensive shares supported sentiment. Toyota Motor Corp shed 2.0 percent, Nissan Motor Co dropped 1.1 percent and Fanuc Ltd weakened 1.3 percent.
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TOKYO, Jan 8- Yields on benchmark 10- year Japanese government bonds eased on Tuesday as an auction of 2.3 trillion yen worth of similar maturities went well, although the tone in the market remained weak. We saw real demand from regional banks, "said Tadashi Matsukawa, head of Japan fixed income at PineBridge Investments.
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The wealthy and regimented city-state has enjoyed a windfall of tourism, jobs and revenue since Las Vegas Sands Corp and Genting Singapore Plc opened casino complexes in 2010, in part by linking their licences to how well they develop attractions that are not related to gambling.
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TOKYO, Jan 8- Japan's Nikkei fell on Tuesday for a second day as investors turned cautious over the index's recent rapid gains and sold shares in exporters as the yen's depreciation paused, while buying in defensive shares supported sentiment.
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*Obama, Congress face another fiscal confrontation. WASHINGTON, Jan 8- Just two weeks before his second inauguration, President Barack Obama is acting as if he believes he has a big mandate for his next term. The actions reflect the growing confidence of a president who, without the need ever to seek re-election, now feels freer to stand up to a new Congress.
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NEW YORK, Jan 8- Global shares fell on Tuesday, with U.S. investors cautious ahead of an earnings season expected to show sluggish growth in corporate profits. The rise has come as expectations grow that Japan's new government will push the central bank to ease policy aggressively in the next few months.
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*Sony considers sales of battery unit, no decision yet. LAS VEGAS, Jan 7- Sony Corp is considering the sale of its battery business but has made no decision yet, Chief Executive Kazuo Hirai said on Monday, as the company seeks to offload non-core assets and revive its consumer electronics business.
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The case involved whether the SEC waited too long to sue mutual fund manager Marc Gabelli and his colleague Bruce Alpert, chief operating officer of Gabelli Funds LLC, over a client's questionable trades.
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Jan 8- GameStop Corp, the largest U.S. video game retailer, slashed its forecast for fourth-quarter sales after customer traffic shrank over the crucial holiday season, sending its shares down 6 percent.
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NEW YORK, Jan 8- Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation.
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LONDON, Jan 8- Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for cash-strapped Cairo to buy vital crude for its refineries. That tender was already considered insufficient to supply Egypt's refineries, even at reduced running rates.
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LAS VEGAS, Jan 8- Panasonic Corp, in a display of technological one-upmanship with its South Korean rivals, unveiled a prototype of the world's joint largest OLED screen on Tuesday.
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SINGAPORE, Jan 8- Brent crude futures steadied above $111 per barrel on Tuesday, trading in a tight range, as investors opted for caution ahead of key data from China and a European Central Bank meeting this week.
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ABU DHABI, Jan 8- Abu Dhabi has awarded a $653 million contract to build a branch of France's Louvre museum, signalling the oil-rich emirate is again moving ahead with flamboyant development projects after a pause prompted by the global economic crisis.
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Jan 8- Monsanto Co, the world's largest seed company, raised its earnings outlook for fiscal 2013 on Tuesday and delivered surprisingly strong first-quarter results, citing growth in Latin America and early U.S. spring seed sales.
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*'Core' issuers Austria, Netherlands easily sell bonds. LONDON, Jan 8- Euro zone government bonds were broadly higher on Tuesday as investors snapped up a wave of new bonds from across the credit spectrum, including Ireland's latest step back into long-term debt issuance.
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*Monsanto stock jumps after strong earnings, raised outlook. NEW YORK, Jan 8- U.S. stocks fell on Tuesday as the market consolidated from last week's rally on the "fiscal cliff" deal in Congress and investors awaited the start of the earnings season with lowered expectations.
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BOSTON, Jan 8- The person hired to run the bankrupt pharmacy linked to a deadly U.S. meningitis outbreak is "hopelessly conflicted" and should be removed from the job, a U.S. Justice Department official said on Tuesday.
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HONG KONG, Jan 8- Hong Kong shares retreated on Tuesday, as investors took profit on mainland property counters after an official media report raised fears of more curbs on the sector, stalling its strong gains in recent months. Several smaller Chinese developers had successfully tapped the credit market in Hong Kong since the start of the year.