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  • BEIJING, Feb 11- Brent crude held steady above $56 a barrel on Wednesday, and U.S. crude rose briefly more than $1, after a smaller than expected rise in U.S. crude stocks were viewed by some as a sign that a supply glut was starting to abate. Brent March crude futures had ticked down 13 cent to $56.30 by 0334 GMT, after losing $1.91 during the previous session on the IEA...

  • The following alert was issued in error ahead of a Thursday embargo.

  • RIO DE JANEIRO, Feb 10- The new chief executive officer of Brazil's Petrobras said on Tuesday that he has full autonomy to dictate its own fuel-pricing policy and protect cash, even as he questioned the size of losses stemming from a giant corruption scandal. In his first public statements since he was named CEO on Friday, Aldemir Bendine said no decision had been...

  • HOUSTON, Feb 10- The United Steelworkers union said little progress was made in talks with oil companies on Tuesday for a new U.S. refinery workers contract as a strike at 11 plants completed its 10th day, according to a text message issued by the union. The USW said lead oil company negotiator Royal Dutch Shell Plc failed to bring experts and information as...

  • MONTERREY, Feb 10- Mexico's Cemex could sell part of its business in northern Europe, the Mediterranean and Asia as it seeks to pay down debt, the cement giant's CEO told Reuters on Tuesday. Fernando Gonzalez said the firm could also sell 5 to 10 percent of its subsidiary Cemex Latam Holdings, and set aside half of its earnings from asset sales to lower its debt burden.

  • WASHINGTON, Feb 10- President Barack Obama in a phone call with Chinese President Xi Jinping on Tuesday called for "swift work" to narrow the countries' differences on cyber issues, the White House said. The White House added that "The two leaders reaffirmed their commitment to coordinate closely on security challenges, including by jointly encouraging Iran to...

  • WASHINGTON, Feb 10- President Barack Obama in a phone call with Chinese President Xi Jinping on Tuesday called for "swift work" to narrow the countries' differences on cyber issues, the White House said.

  • BRASILIA, Feb 10- Brazil's Congress passed legislation on Tuesday that limits the president's ability to reduce pork-barrel spending passed by lawmakers, a setback for President Dilma Rousseff's efforts to fight a fiscal deficit. The bill forces the government to get congressional approval before cutting spending items added to the national budget by...

  • *Asia stocks little changed, Japan markets on holiday. SYDNEY, Feb 11- Asian stock markets were subdued on Wednesday while major currencies barely budged as looming euro zone meetings to discuss the Greek debt crisis overshadowed a firmer finish on Wall Street. Moves were modest with trade thinned by a holiday in Tokyo, leaving MSCI's broadest index of...

  • FBI to probe fake tax filings through TurboTax -WSJ Tuesday, 10 Feb 2015 | 9:12 PM ET

    Feb 10- The U.S. Federal Bureau of Investigation is examining how fraudulent tax returns were filed in 19 states through tax-preparation software TurboTax, the Wall Street Journal reported, citing a person with knowledge of the matter. In particular, the FBI is focusing on whether a computer data breach allowed access to personal identity information and...

  • MELBOURNE, Feb 11- London copper edged up in thin trade on Wednesday, underpinned by gains in oil, but traders were reluctant to take on big positions given worries over Chinese demand growth, and as business slackens ahead of Lunar New Year. *Three-month copper on the London Metal Exchange climbed 0.2 percent to $5,605 a tonne by 0132 GMT, paring 1.4 percent losses...

  • Chinese economy more sustainable now - China c.bank Tuesday, 10 Feb 2015 | 8:55 PM ET

    BEIJING, Feb 11- China's economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank Vice Governor Yi Gang told a G20 meeting of finance officials earlier this week. To stoke growth and bank lending, China's central bank last week reduced the amount of cash that banks have to hold as reserves for the first time in over two...

  • CARACAS, Feb 10- Venezuela launched a "free" foreign exchange platform on Tuesday that will likely devalue the bolivar in efforts to bolster state coffers amid tumbling oil revenue, although it risks causing a spike in already soaring inflation. The change could lead to billions of dollars in write-downs by foreign corporations with exposure to Venezuela...

  • Feb 9- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • SINGAPORE, Feb 11- Gold struggled to recover from overnight losses on Wednesday as a stronger dollar offset safe-haven bids over uncertainties about Greece's future in the euro zone. *The dollar hovered at one-month highs versus the yen early on Wednesday, bolstered by gains in Treasury yields, while uncertainty over a new debt deal for Greece kept a cloud over...

  • Feb 10- Puerto Rico's lawmakers have scrapped a statutory cap on the interest the island would pay on a roughly $2 billion bond deal in a bid to make it more appealing to hedge fund investors. Eliminating the interest rate cap was "necessary to make viable a successful transaction in the capital markets because of current market conditions and the current value...

  • SAN FRANCISCO, Feb 10- Apple Inc will buy about $850 million of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stock market value closed above $700 billion for the first time. The First Solar Inc plant, with the capacity to power the equivalent of 60,000 homes, will be used to supply electricity for Apple's new...

  • Feb 10- U.S. airlines have lost at least five percentage points of their share of flight bookings from the United States to the Indian subcontinent and Southeast Asia since 2008, due to fierce competition from Gulf carriers, according to data seen by Reuters. The report says the combined share of bookings between the United States and the Indian subcontinent...

  • Feb 10- Puerto Rico announced on Tuesday night a long awaited overhaul of its tax system as it struggles to revive a moribund economy and stabilize the finances of the indebted U.S. commonwealth. Governor Alejandro Garcia Padilla promised "a new tax system" in Puerto Rico, a Caribbean island of 3.6 million that is struggling with debt of over $70 billion.

  • Feb 10- Puerto Rico's lawmakers have scrapped a statutory cap on the interest the island would pay on a roughly $2 billion bond deal in a bid to make it more appealing to hedge fund investors. Puerto Rico's House approved the measure on Tuesday after the Senate backed it late the previous day. The move comes after a federal judge voided a local law that was key to...