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  • HOUSTON, Jan 13- Royal Dutch Shell Plc said on Tuesday it received U.S. approval to export a very light form of crude oil that has undergone minimal processing. Shell had been working with the U.S. Department of Commerce's Bureau of Industry and Security on how to ship lightly processed condensate overseas without violating a decades-old crude export ban, the...

  • *Nomura expects Q1 average Brent price of $45 a barrel. SINGAPORE, Jan 14- Oil prices slid in early Asian trade on Wednesday after touching their lowest in nearly six years the previous session, with analysts predicting further falls as oversupply plagues the market. February Brent crude had dropped 40 cents since its last settlement to $46.19 a barrel by 0238 GMT.

  • WASHINGTON, Jan 13- The U.S. Marine Corps will insist on competition for the next U.S. amphibious warship despite a decision last year to base the ship on the LPD-17 ship designed by Huntington Ingalls Industries Inc, Major General Robert Walsh said on Tuesday. Navy officials had no immediate comment on the expected terms of the competition, which are likely to...

  • The next day they asked the judge assigned to the involuntary case to stay any voluntary bankruptcy until the Delaware bankruptcy judge can rule on the proper court to hear the case. Earlier on Tuesday, a Caesars attorney told a Delaware state court judge the company will seek to extend to itself the legal shield of bankruptcy protection once its operating unit...

  • China is due to release GDP data for the fourth quarter next week and while some economists believe Beijing will set a less ambitious goal of 7 percent for 2015 as the housing downturn drags on, it is more than double the global growth forecast of 3 percent by the World Bank. "We still believe that high-growth, higher-yielding China, with an international...

  • HONG KONG, Jan 14- China's e-commerce giant Alibaba Group Holding Ltd said on Wednesday it had bought a controlling stake in online marketing company AdChina, an investment aimed at bolstering its advertising business. Alibaba did not close the size of the deal or the stake it would take in AdChina, a Shanghai- based firm founded in 2007. The internet marketing...

  • *Japan seen to halve deficit; budget-balancing goal still distant. TOKYO, Jan 14- Japanese Prime Minister Shinzo Abe's cabinet approved on Wednesday a record $812 billion budget for the fiscal year starting on April 1, while cutting new borrowing for a third straight year in a bid to balance growth and fiscal reform. A projected rise in tax revenue to a 24- year high...

  • TOKYO, Jan 14- Japan's Nikkei share average fell 1.1 percent on Wednesday, with oil-related shares leading the losses as plummeting oil prices showed no sign of abating on worries about the global economic outlook. Although it managed to stay above Tuesday's low, it has slipped below an important support from the Ichimoku cloud top, which comes in around 17,033,...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • DETROIT, Jan 13- Auto industry executives see nothing but blue skies in the U.S. market, especially compared with troubled Western European economies or slumping emerging markets. The disconnect between sales trends in the United States and regulatory demands is the hot topic among executives gathered for the annual Detroit auto show. "It's the CO2 stuff...

  • *Bond yields shrink, World Bank cuts global growth forecasts. Not helping the mood was news that the World Bank had cut its 2015 global growth forecasts to 3 percent from 3.4 percent because of sluggishness in the euro zone, Japan and some major emerging economies. That was a challenging background for equities, with MSCI's broadest index of Asia-Pacific shares...

  • MELBOURNE, Jan 14- A wave of stop-loss selling pushed London copper to 5-1/ 2 year lows on Wednesday, while Shanghai prices hit their' limit down' after an oil rout slammed investment in commodities. *The most-traded March copper contract on the Shanghai Futures Exchange fell 5 percent, the most the bourse will allow it to drop in one day, to 41,190 yuan a tonne.

  • TOKYO, Jan 14- Japanese government bond yields edged away from record lows on Wednesday as the market braced for a fresh supply of 30- year debt. The Ministry of Finance offered 700 billion yen of 30- year debt on Wednesday. But they still expect a decent auction result with the Bank of Japan's extensive easy policy, prospects of further easing by the European...

  • WASHINGTON, Jan 13- The U.S. Navy plans to buy V-22 tiltrotor aircraft built by Boeing Co and Textron Inc's Bell Helicopter unit to replace the older C-2A turboprop aircraft it now uses to ferry passengers and cargo to aircraft carriers, two people familiar with the issue said late Tuesday. The sources, who were not authorized to speak publicly, confirmed that top...

  • CAPE CANAVERAL, Fla. Jan 13- Florida's Cape Canaveral expects to be the world's busiest spaceport this year with up to 24 rocket launches, the U.S. Air Force's operations commander said on Tuesday. The 2015 launch lineup would give the Cape Canaveral spaceport its busiest year since 1992, said Thomas Falzarano, commander of the operations group for the Air...

  • DETROIT, Jan 13- Tesla Motors Inc plans to boost production of electric cars to "at least a few million a year" by 2025 from fewer than 40,000 last year, Chief Executive Officer Elon Musk said Tuesday. Speaking at an industry conference in Detroit, Musk said Tesla may not be profitable until 2020. In addition, Tesla sales in China were unexpectedly weak in the fourth...

  • HOUSTON, Jan 13- Royal Dutch Shell Plc said on Tuesday it received U.S. approval to export a very light form of crude oil that has undergone minimal processing. Shell had been working with the U.S. Department of Commerce's Bureau of Industry and Security on how to ship lightly processed condensate overseas without violating a decades-old crude export ban, the...

  • SINGAPORE, Jan 14- Gold edged up for a third session out of four to hover near a 12- week peak on Wednesday, bolstered by safe-haven demand as tumbling oil prices and worries over global economic growth hit equities. *Gold closed Tuesday down 0.2 percent after marking a 12- week high of $1,243.60 earlier in the session as the dollar returned to near its...

  • *Japan seen to halve deficit; budget-balancing goal still distant. TOKYO, Jan 14- Japanese Prime Minister Shinzo Abe's cabinet approved on Wednesday a record $812 billion budget for the coming fiscal year while cutting new borrowing for a third straight year in a bid to balance growth and fiscal reform. With Japan's public debt above twice its gross domestic...

  • Jan 13- Pet supply retailer PetSmart Inc disclosed on Tuesday it was in talks to acquire or merge with a privately held rival, but ended talks over competition and antitrust concerns. PetSmart succumbed to calls from Jana Partners LLC and other large shareholders for a sale last month by agreeing to be bought by a private equity consortium led by BC Partners Ltd...