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  • TOKYO, Dec 25- Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said. Fuji Heavy, which has a policy of making cars in markets where they are sold, decided to make the new vehicle in...

  • TOKYO, Dec 25- Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant in Indiana and will instead make the crossover SUV in Japan, a source familiar with the company's production plans said. Fuji Heavy, which has been moving production to Indiana due to the strong yen and a policy of...

  • SHANGHAI, Dec 25- Shanghai copper futures were mostly flat in early trading on Thursday, as hopes of more support policies to invigorate the economy helped boost prices, even as domestic demand for the metal continued to sag. In a sign of weak local demand, spot premiums for copper in Shanghai bonded warehouse fell to just 80 yuan a tonne, compared with between $40-...

  • *Hong Kong markets closed Dec 25, 26; reopen Dec 29. SHANGHAI, Dec 25- Chinese stock markets rallied sharply on Thursday led by financials after reports circulated that the central bank is moving to further ease liquidity conditions inside banks. Also, funds locked up by IPOs have gotten unfrozen since yesterday, largely improving capital conditions in the market, "...

  • Yuan firms on Thursday for second consecutive session Wednesday, 24 Dec 2014 | 10:23 PM ET

    SHANGHAI, Dec 25- China's yuan firmed sharply on Thursday for the second day, changing hands at 6.1986 per dollar at midday after the central bank strengthened its guidance rate. The People's Bank of China set the midpoint rate at 6.1213 per dollar prior to market open, firmer than the previous fix 6.1247. The spot market opened at 6.2185 per dollar and was changing...

  • TOKYO, Dec 25- Japan's Nikkei share average slipped on Thursday in holiday-thinned trade as investors took profits after five straight sessions of gains. Airlines were the biggest losers in the Tokyo Stock Exchange's 33 industry subindexes as Japan Airlines fell 3.2 percent on a media report that the government is considering scrapping a special tax break...

  • TOKYO, Dec 25- Bank of Japan board members made a rare call on the government to steadily promote measures to restore the country's tattered finances three weeks after expanding monetary stimulus, minutes of their November meeting showed. The November rate review was held in the midst of Prime Minister Shinzo Abe's announcement to postpone a scheduled second...

  • SAN FRANCISCO, Dec 24- Google Inc's decision to screen Sony Pictures' film "The Interview" may help legitimize its YouTube platform as a serious rival to paid video streaming services, Netflix and Amazon.com Inc. Sony Pictures made the controversial film available online on Wednesday, expanding distribution of a comedy that triggered a destructive...

  • *Many markets closed around the region, as well as London, U.S. Markets are closed in other key countries around the region, including Australia, Singapore, Hong Kong and South Korea, and will be closed later in London and New York. There were some guys taking profits in the dollar-yen this week, but most people seem happy to be caught long, "said Kaneo Ogino, director at...

  • The film was available for rental on Google Inc's YouTube site as of early Wednesday afternoon. Microsoft Corp and Sony itself are also showing the comedy, a day before the hastily scheduled premiere at some 320 independent theaters. He added that Sony had first reached out to Google, Microsoft "and other partners" on Dec. 17, the day the studio said it had no future...

  • DIARY -Emerging Markets Economic Events to Jan 8 Wednesday, 24 Dec 2014 | 7:02 PM ET

    JERUSALEM- Bank of Israel announces interest rate decision- 1400 GMT. PRAGUE- Czech National Bank to release the minutes of December policy meeting- 0800 GMT. PUNE, India- Indian Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet chiefs of the nation's banks.

  • HAVANA, Dec 24- Cuba released more information on its fragile external finances this week than it has in over a decade, as it seeks foreign investment and credit following its sudden improvement in relations with the United States. President Barack Obama' s announcement last week that Washington would restore diplomatic ties with Cuba and lift some economic...

  • Microsoft Corp and Sony itself are also showing the comedy, a day before its scheduled premiere at some 320 independent theaters. He added that Sony had first reached out to Google, Microsoft "and other partners" on Dec. 17, the day the studio said it was canceling the movie's Christmas Day release. The showing is a chance for Google and Microsoft, which have been bit...

  • NEW YORK, Dec 24- A U.S. judge has ordered Vivendi SA to pay nearly $50 million to resolve a shareholder lawsuit over a merger that occurred in 2000, but issued another order putting the money in escrow while the French media group appeals. On Wednesday, she issued a separate order that allows Vivendi to have the judgment's execution put on hold pending an appeal,...

  • HONG KONG, Dec 25- Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China- related deals, but salaries and bonuses still trail far behind those paid by Western banks. "This is the first time since 2009 we have seen an increase of base and total compensation," said Maggy Fang,...

  • Sears has not named his replacement. Jooma joined Sears in 2007 after senior e-commerce positions at electronics retailer Circuit City and OfficeMax, according to his LinkedIn profile. The move comes as Sears is attempting to restore profitability by shrinking its network of stores and promoting the integration of its bricks-and-mortar and online...

  • CHICAGO, Dec 24- U.S. consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in a season marked by deep discounts and growing encroachment from online rivals led by Amazon.com Inc.. "The past weekend will not save this holiday season," said Craig Johnson,...

  • Sears has not named a replacement. Jooma joined Sears in 2007 after senior e-commerce positions at electronics retailer Circuit City and OfficeMax, according to his LinkedIn profile. The move comes as Sears is attempting to restore profitability by shrinking its network of stores and promoting the integration of its bricks-and-mortar and online...

  • NEW YORK, Dec 24- U.S. shares ended flat on Wednesday, with the Dow industrials eking out a record close after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check. Oil prices resumed declines after the U.S. Energy Information Administration reported a large build in U.S....

  • ( (Adds comment from Google and White House). Microsoft Corp and Sony itself are also showing the comedy, the studio said, a day after agreeing to release it at some 200 independent theaters. The showing is a chance for Google and Microsoft, which have been bit players in a VOD market dominated by Apple Inc, Amazon.com Inc and cable and satellite operators, to raise their...