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  • RIYADH, Jan 11- Venezuelan President Nicolas Maduro met Saudi Arabia's Crown Prince Salman in Riyadh on Sunday as part of a diplomatic tour of OPEC members to discuss falling oil prices, which have hit its economy hard. Despite growing concern from Venezuela and other OPEC members such as Iran, OPEC delegates have said as recently as last week that the group's...

  • LONDON, Jan 11- Shire Plc has agreed to buy NPS Pharmaceuticals Inc for $5.2 billion in its biggest acquisition yet, as the Dublin- based drugmaker strengthens its position in the lucrative field of medicines for rare diseases. The move will not come as a huge surprise, since Shire had already been linked to NPS in the first half of 2014. When plans for Shire itself to...

  • Shire buys NPS Pharma in $5.2 billion deal Sunday, 11 Jan 2015 | 12:08 PM ET

    Shire said it will acquire NPS Pharmaceuticals in an all-stock transaction for about $5.2 billion, the companies said on Sunday.

  • Shire to buy NPS Pharma for $5.2 bln Sunday, 11 Jan 2015 | 11:47 AM ET

    Jan 11- Shire Plc said it will acquire NPS Pharmaceuticals Inc in an all-stock transaction for about $5.2 billion, the companies said in a joint statement on Sunday. Shire will pay $46.00 per NPS share, representing a premium of about 7.2 percent over NPS' Friday close. Dublin- based Shire, whose proposed sale to AbbVie Inc fell apart in October, expects the deal to add...

  • GANDHINAGAR, India, Jan 11- There could be progress on U.S.- India civil nuclear cooperation, solar power and climate change when U.S. President Barack Obama visits India in two weeks, U.S. officials said on Sunday. Obama's visit to India and trips by Kerry and other U.S. senior officials aim to woo India as a strategic partner and to win greater access to the vast...

  • *Property stocks lead gains in Dubai. DUBAI, Jan 11- Most Gulf stock markets maintained their positive momentum on Sunday, supported by good corporate news, but major petrochemical producer Industries Qatar tumbled and dragged down the Doha bourse after announcing a dividend cut. Industries Qatar plunged its daily 10 percent limit as Qatar's index dropped 2.4...

  • *Oil plunge may cost GCC several hundred bln dlrs in 2015. DUBAI, Jan 11- It's a weekend morning at the Dubai Mall, a glitzy complex with 1,200 stores, and the shoppers are pouring in. With passenger arrivals at Dubai's airport at record highs, retailers expect a good month.

  • NEW YORK, Jan. 11- New Jersey Governor Chris Christie, under pressure to decide whether to seek the Republican nomination for president in 2016, has a chance next week to reset his governorship after being stymied all year by national controversies and home-grown fiscal crises. After a difficult year, Christie may "try to regain some momentum and frame his tenure,...

  • NEW YORK, Jan 11- In the last month, the U.S. stock market is down just 0.8 percent, but it's been a bumpy ride: Since Dec. 9, the S&P 500 has had a 4 percent selloff, a 6 percent rally, and a 4 percent drop that ended Thursday with a two-day gain of 3 percent. "This year has the potential to be a very good year for stocks but we will see more and bigger spikes in volatility," said Brian...

  • GANDHINAGAR, India, Jan 11- Indian Prime Minister Narendra Modi promised on Sunday to pursue predictable policies and ensure stable taxes, in a speech that sought to address key concerns for foreign investors in Asia's third-largest economy. President Barack Obama visits India later this month. Along with speakers from Japan, Canada and Singapore, Kerry...

  • WASHINGTON/ NEW DELHI, Jan 11- Robust recovery in the United States, a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen. Central bankers in the United States and Europe have clearly expressed the divide over an oil dividend in recent weeks. Compare that with European Central Bank chief economist...

  • *Manchester, Leeds, Glasgow amongst favoured destinations. Commercial and residential property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows. "We do need to be savvy as to where we invest, and there are some...

  • TOKYO, Jan 11- Japan's government will propose a record budget for next fiscal year of more than $800 billion but cut borrowing for a third year, government officials said on Sunday, as Prime Minister Shinzo Abe seeks to maintain growth while curbing the heaviest debt burden in the industrial world. Abe's 96.3 trillion yen draft budget for the year from April, to be...

  • GANDHINAGAR, India, Jan 11- Indian Prime Minister Narendra Modi promised on Sunday to pursue predictable policies and ensure stable taxes, in a speech that sought to address a key concern for foreign investors in Asia's third-largest economy. In one high-profile case, Britain's Vodafone was caught out by retroactive tax claims in India. These included a drive...

  • *Fitch and S&P have Russia one notch above junk. *Russia seeks to avert downgrade, says dangers exaggerated. The Fitch agency cut its rating on Russia to' BBB minus' from' BBB' on Friday, citing a significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble.

  • GANDHINAGAR, India, Jan 11- Indian Prime Minister Narendra Modi promised on Sunday to pursue predictable policies and ensure stable taxes, in a speech that sought to address a key concern for foreign investors in Asia's third-largest economy.

  • INDIAN PM MODI, IN SPEECH TO INVESTORS, PROMISES PREDICTABLE POLICIES AND STABLE TAXES.

  • FRANKFURT, Jan 11- A landmark legal opinion this week will remind the European Central Bank of the limits it faces as it advances towards money printing, while a tumbling oil price saps inflation in debt-strained Europe. With expectations high that the ECB is on the verge of buying government bonds with new money to shore up the economy, an influential adviser to...

  • GANDHINAGAR, India, Jan 11- Global statesmen and business titans descended on Indian Prime Minister Narendra Modi's home state on Sunday to pay homage to the man they count on to unleash big-bang reforms and create one of the few bright spots in a troubled world economy. Big business cheered Modi when he won India's strongest election mandate in 30 years last May,...

  • Both moves would be significant for the auto industry and Volvo's parent, Zhejiang Geely Holding Group Co. So far, global automakers have chosen not to ship vehicles made in China to the U.S. market in any significant numbers, and efforts by Chinese automakers to export vehicles to the United States have foundered. Volvo is also behind rivals BMW and Mercedes in...