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  • *Germany, Italy, Belgium all set to sell bonds. Germany and Italy sold debt at auction at Wednesday, while Belgium is set to price a new 10- year bond before Spain rounds off the week with its second debt sale on Thursday. Commerzbank estimates Belgium's sale will total 6 billion euros, which combined with Spain's 9 billion euro bond sold on Tuesday and the scheduled...

  • NEW DELHI, Jan 13- India's cabinet has cleared the launch of the country's first major crop damage insurance scheme from the next fiscal year, a move that would further strain government finances but help Prime Minister Narendra Modi to woo rural voters ahead of key elections. Modi is trying to placate rural voters after the impact of unseasonal rains and two...

  • Jan 13- Add solar energy investors to the list of those smarting from crude oil's latest price dive. Shares of solar power companies enjoyed a huge bounce at the end of 2015 thanks to the lengthy five-year extension of a key solar tax credit in the United States and a major global accord to combat climate change that promises to spur development of renewable...

  • PARIS, Jan 13- General Electric plans to cut 6,500 jobs in Europe over the next two years, including 765 in France and 1,300 in Switzerland, the company said on Wednesday. A GE spokesman in France said GE was sticking to its pledge to create 1,000 net jobs in France in the next three years as part of its acquisition of Alstom's energy business. He gave no details on which...

  • *South Korea president: sanctions should cause' bone-numbing pain'. SEOUL, Jan 13- South Korea warned North Korea on Wednesday that the United States and its allies were working on sanctions to inflict "bone-numbing pain" after its latest nuclear test, and called on China to do its part to rein in its isolated neighbour. The North's nuclear test has angered both China...

  • *China December copper imports up 15 pct at 530,000 T. LONDON, Jan 13- Copper rose on Wednesday from a 6-1/ 2 year low hit the previous session as oil prices rebounded and Chinese trade data handily beat expectations, cooling concerns over metals demand in the world's second biggest economy. "China copper demand is better than the macro numbers have been suggesting...

  • LONDON, Jan 13- Six French, German, British and Danish bankers, who have been charged in Britain with being part of a six-year scheme with traders at major banks to manipulate Euribor benchmark interest rates, are set to face a jury trial on Sept. 4, 2017. Christian Bittar, once one of Deutsche Bank's most profitable derivatives traders, Achim Kraemer, who is still at...

  • LONDON, Jan 13- Gold fell on Wednesday as a stronger dollar and a rebound in stock markets reduced its appeal as a safe asset. Spot gold was down 0.4 percent to $1,082.30 an ounce by 1056 GMT while U.S. gold futures were down 0.4 percent at $1,080.80. "The pause in the gold's rally underlines the difficulty gold has in rallying when there is expectation of Fed rate hikes,...

  • *Japan Inc also resist Abe's call for aggressive pay rise. TOKYO, Jan 13- Japan's labor unions are less aggressive in pressing companies for pay raises than Prime Minister Shinzo Abe is, the nation's top labor leader said, a further sign of trouble for the government's efforts to pull the economy out of deflation. Rikio Kozu, president of the Japanese Trade Union...

  • ATHENS, Jan 13- Greece emerged from 33 months of deflation in December, finally seeing some price rises after a bruising period of economic decline and political upheaval. For years an inflation outlier in the euro zone, Greece has been in deflation mode for the last two-and-a-half years as wage and pension cuts in return for bailout aid and a protracted...

  • MOSCOW, Jan 13- "New realities" including the possibility that oil prices will remain low for a prolonged period will force Russia to take hard decisions about government spending, its finance minister said on Wednesday. Anton Siluanov warned the country's budget would only balance at an oil price of $82 per barrel, well in excess of the $50 per barrel assumption...

  • ZURICH, Jan 13- Higher sales in Germany, expected to remain a bright spot this year, helped Swiss sanitary equipment maker Geberit AG to match analysts' 2015 revenue expectations, sending its shares higher. Sales in Germany, a market that generates more than a third of Geberit's revenue, rose 14.5 percent in the fourth quarter, helping to offset weaker revenue...

  • *Sees restructuring cash costs of no greater than 10 mln stg. *Sees saving of 10 mln stg annually, starting from H2. Jan 13- Fenner Plc will cut a fifth of the workforce at its conveyor belt business in the Americas as it attempts to weather a prolonged slump in demand for U.S. coal.

  • ZURICH/ LONDON, Jan 13- A year on from "Frankenschock", when Switzerland's central bank sent global foreign exchange markets into a frenzy by abruptly ending its cap on the Swiss franc, the currency is one of the most stable in the world. As the franc soared past parity against the euro, economists fretted Switzerland's export-reliant economy would plunge into...

  • LONDON, Jan 13- Emerging equities rallied on Wednesday after better-than-expected Chinese trade data, whilst a rise in the oil price after eight days of selling lifted beaten-down Russian and Gulf stock markets. "Things are looking a bit better because of China- not just the export numbers but also the actions it took by intervening on FX and stocks," said...

  • BERLIN, Jan 13- Germany achieved a larger-than-expected budget surplus of 12.1 billion euros in 2015 and will use the windfall to finance the additional costs of accommodating and integrating refugees, Finance Minister Wolfgang Schaeuble said on Wednesday. It increases the chances of Germany maintaining a balanced budget for the third straight year in...

  • LONDON, Jan 13- Recruitment company Hays expects economic recovery in the euro zone to boost demand for its services in 2016, helping offset a slowdown in markets such as Britain and Australia. Hays, which is now the largest white collar recruiter in Europe, said it was benefiting from a relatively new outsourcing market in Europe where companies are only just...

  • Brent crude, the global benchmark, was up 87 cents at $31.73 a barrel at 0954 GMT, but remained near lows last seen nearly 12 years ago. West Texas Intermediate crude was up 88 cents at $31.32 a barrel, recovering from Tuesday's dip below $30. "The API inventory data triggered a profit-taking wave, that's the main reason for this uptick," said Hans van Cleef, senior energy...

  • PARIS, Jan 13- General Electric plans to cut 6,500 jobs in Europe over the next two years, including 765 in France, a spokesman for the company in France said on Wednesday. The spokesman added that GE was sticking to its pledge to create 1,000 net jobs in France in the next three years as part of its recent acquisition of Alstom's energy business.

  • BRASILIA, Jan 13- Brazil's state-controlled oil producer Petrobras is seeking to sell its 5.8 billion Brazilian real stake in petrochemical producer Braskem SA, newspaper Folha de S. Paulo reported on Wednesday. Petróleo Brasileiro SA has hired Brazilian bank Banco Bradesco SA as a financial adviser and has started to pitch the sale to foreign investors,...