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  • US STOCKS-Wall St tumbles to two-year low as oil prices sink.

  • Jan 20- Walt Disney Co's "Star Wars: Episode VIII" will be released on Dec. 15, 2017, seven months later than originally scheduled, according to a CNBC tweet.

  • *Ministers gather from 7 nations, including U.S. and France. PARIS, Jan 20- Defence chiefs from the United States, France, Britain and four other countries pledged on Wednesday to intensify their fight against Islamic State, looking to capitalise on recent battlefield gains against the militants. Defense Secretary Ash Carter told a news conference after talks in...

  • *Managers see oil rising to $60, from below $30. NEW YORK, Jan 20- Big bond investors who have bet on high-yield oil producers are sticking to losing bets, waiting for a turnaround in the price of crude, even though their performance has suffered and fund assets have shrunk as oil has plunged. These investors said they were maintaining most of their exposure to bonds of...

  • *Outlook for record Brazil soybean crop adds pressure. CHICAGO, Jan 20- U.S. soybean futures dropped 1.1 percent on Wednesday as investors locked in profits a day after the market's rally to a four-week high, traders said. The benchmark Chicago Board of Trade March soybean futures contract settled down 9-1/ 2 cents at $8.74 a bushel.

  • BRUSSELS, Jan 20- European Union privacy regulators are leaning towards the restriction of personal data transfers to the United States because of the risk of U.S. surveillance, two sources familiar with the matter said on Wednesday. EU data protection authorities are finalising their position on data transfers to the United States after a top EU court last...

  • **Bank of America Corp No. 2 U.S. bank by assets Energy exposure assumed at 2.4 percent of total loans. "Energy portfolio stress analysis shows $30 oil for 9 quarters would result in about $700 million of losses." "If oil were $25 for sustained period instead of $30, estimated $600 million cost of credit in first half of 2016 could double.

  • Jan 20- Rupert Murdoch's News Corp said rumors about the company's interest in buying microblogging site Twitter Inc or building a stake in it were untrue.

  • WASHINGTON, Jan 20- Federal Reserve Chair Janet Yellen will appear before the U.S. House of Representatives Financial Services Committee on Feb. 10 to deliver the central bank's semi-annual monetary policy report, the committee said on Wednesday.

  • *Sanctions lifted, OPEC member Iran pushes oil and gas revival U.S. firms expected to wait and see how nuclear deal plays out. WASHINGTON, Jan 20- For U.S. oilfield services companies suffering the worst revenue slump in decades it would at first seem like a lifeline: The lifting of sanctions on Iran by six world powers reopened the door for their foreign units to...

  • BUENOS AIRES, Jan 20- The investors suing Argentina over unpaid debt in the United States want Buenos Aires to postpone for a week the presentation of its proposal to solve the legal battle, the Argentine Finance Ministry said on Wednesday in a statement. The presentation had been planned for the week of Jan. 25. According to the ministry, the U.S. court mediator in...

  • Jan 20- American Airlines Group Inc said on Wednesday it will add flights from Los Angeles to two hubs of its rival Delta Air Lines Inc, the latest move in a tug of war between the carriers for dominance in the No. 2 U.S. city. American, the world's largest airline, said it will fly five times daily from Los Angeles to Delta's Seattle hub and twice daily to Delta's...

  • ARGENTINA SAYS HOLDOUT CREDITORS ASK FOR 1 WEEK DELAY TO PUTTING FORWARD OFFER, WAS DUE JAN 25.

  • LONDON, Jan 20- United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic and Saudi Arabia, one of the shipping line's main shareholders. Kuwait- headquartered UASC told Reuters on Wednesday it had "started accepting shipments to and from...

  • LONDON, Jan 20- Banco Santander's renewed interest in buying UK lender Williams& Glyn has stoked concerns it may need to step up asset sales and even raise cash to strike a deal some investors say it can ill afford. Santander, which already controls former UK building societies Abbey and Alliance& Leicester, is keen to expand in Britain to offset weakness in its...

  • Year after year, it was cited as one of the biggest problems for the industry- one of the best paying in the world- during annual gatherings of its top brass on the sidelines of the World Economic Forum in the Swiss Alpine resort of Davos. But never the issue of gender inequality, which has also been a major topic for discussion at Davos for several years and is once...

  • Over the past 28 years-- or 336 months-- only 12 months have seen bigger losses in the MSCI World stock index than January 2016. Lowering the International Monetary Fund's 2016 world growth forecast by another 0.2 percentage points to 3.4 percent this week, IMF chief economist Maurice Obstfeld said markets were reacting' very strongly' to bits of evidence in a...

  • CHICAGO, Jan 20- Illinois' two top Republican legislators said on Wednesday they will introduce legislation soon to let the state take over the cash-strapped Chicago public school system, permit the district to file for municipal bankruptcy and eventually allow for city-wide school board elections. But it is strongly opposed by Chicago Mayor Rahm Emanuel,...

  • The Labor Department guidance could affect companies ranging from construction firms to restaurant chains that could be held responsible if, for instance, one of their temp or contract workers did not get minimum wage from his or her employer. The Labor Department issued a proposed rule last year that would more than double the maximum income a salaried...

  • QUITO, Jan 20- Ecuador President Rafael Correa said on Wednesday that his government was "tired" of pushing OPEC to decrease output and that the nation would keep working as if the oil cartel "did not exist." Regional ally Venezuela asked OPEC to hold an emergency meeting to discuss steps to prop up oil prices, although delegates said it was unlikely to happen.