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  • Uber vehicles impounded in South Africa - executive Tuesday, 6 Jan 2015 | 4:11 PM ET

    SAN FRANCISCO, Jan 6- Police in Cape Town, South Africa, impounded 33 Uber vehicles over the weekend in a dispute over what type of permits drivers should hold, an Uber executive said. Last month, it drew bans in France, Spain and the Netherlands. In Cape Town, after several months of discussion with Uber, officials decided late last year on a metered-taxi license.

  • LAS VEGAS, Jan 6- Sony Corp Chief Executive Kazuo Hirai does not see the November cyber attack on Sony Pictures Entertainment causing major upheaval in the studio's business.

  • SAN FRANCISCO, Jan 6- Crowdsourced fundraising site Kickstarter has dropped Amazon.com Inc as its global payments processor in favor of Stripe, the fast-growing startup used by Twitter Inc, Facebook Inc and Apple Inc.. The switch comes as the Internet retailer begins to move clients from its customizable checkout service to an Amazon- branded one.

  • BRASILIA, Jan 6- The Brazilian government plans to slow down investments at the start of the year and create a new fiscal council, a government official told Reuters on Tuesday, in another sign of fiscal restraint to regain investors' confidence. President Dilma Rousseff has vowed fiscal discipline in a second four-year term that started on New Year's Day after...

  • NEW YORK, Jan 6- U.S. stocks fell for a fifth session on Tuesday as data showed the pace of growth in the U.S. service sector had slowed and oil prices fell further. The losing streak was the longest for the S&P 500 since 2013, though the benchmark index ended off its lows in the volatile session, having fallen as much as 1.4 percent earlier. The Dow Jones industrial...

  • RIO DE JANEIRO, Jan 6- Brazil's state-run oil company Petrobras said on Tuesday that its offshore subsalt oil fields, its main source of new output, are profitable with oil at about $45 a barrel, or about 12 percent below today's quote for benchmark Brent crude. Rio de Janeiro- based Petrobras, already under pressure because of a corruption scandal that has cut it off...

  • JAKARTA, Jan 7- The announcement came without fanfare, in line with Indonesian President Joko Widodo's style, but his decision to let petrol prices float freely is the most significant move to stabilise Southeast Asia's largest economy in years and shows his resolve to promote reform. "It took some guts," said economist Wellian Wiranto at OCBC in Singapore.

  • Jan 6- CytRx Corp said interim data showed its experimental brain cancer drug was effective in a mid-stage study and a partial clinical hold on enrollment could be lifted this month. The company has provided the FDA with a package of information and expects to hear back from the agency later this month, CytRx Chief Executive Steven Kriegsman told Reuters.

  • *Brent nears $50- a-barrel test, U.S. crude settles under $48. NEW YORK, Jan 6- Global oil markets slumped for a fourth straight session on Tuesday, as mounting worries about a supply glut pressured crude prices, which are down almost 10 percent this week to hit their lowest since spring 2009.. Crude oil prices have plunged more than 55 percent since June, when benchmark...

  • Jan 6- Harold Hamm, chief executive of oil driller Continental Resources who is embroiled in a bitter divorce, offered to pay his former wife $974.8 million, but she rejected a hand-written check delivered to her legal team, his lawyer said on Tuesday. Hamm's offer to pay ex-wife Sue Ann Arnall immediately the full cash value of what he owes based on a November...

  • Landon, a partner at private investment fund Community BanCapital, was chief executive of the Bank of Hawaii from 2004 until 2010. Previously, he had worked as the bank's chief financial officer and as CFO at First American in Tennessee. Several lawmakers on Capitol Hill had urged the White House to name someone with community banking experience to one of the...

  • PARIS, Jan 6- French Economy Minister Emmanuel Macron urged Germany on Tuesday to invest more, saying both Berlin and Paris need to do much more together to revive stalled economic growth in Europe. "We want to convince our German partner that France and Germany must go much further together for Europe's revival," Macron said, adding that France was doing its part in...

  • President Barack Obama on Tuesday nominated former Bank of Hawaii chief executive Allan Landon to join the U.S. Lawmakers had been urging the White House to appoint someone with community bank experience to the board. If confirmed by the U.S. Senate, Landon would have a permanent vote on monetary policy and help implement the 2010 Dodd-Frank financial...

  • China grants $5.3 billion credit line to Ecuador Tuesday, 6 Jan 2015 | 3:09 PM ET

    BOGOTA, Jan 6- China has granted a $5.3 billion credit line to Ecuador as the oil-reliant Andean nation reorganizes its finances after a crash in crude prices slashed export earnings, Ecuador's official newspaper reported on Tuesday. The loan, granted during an official visit to China by Ecuador's President Rafael Correa, comes as OPEC's smallest member faces...

  • Jan 6- With Greece in the ejection seat and the European Central Bank facing a no-win decision on bond buying, the euro's fall is far from over. The euro fell to near nine-year lows on Monday, hurt by fears that a push for vastly easier debt terms by a new Greek government, expected after Jan. 25 elections, would lead not to agreement, but to Germany opening the door to a...

  • WASHINGTON, Jan 6- A former executive of Japan's Toyoda Gosei Co Ltd has agreed to plead guilty to price fixing and rigging bids for auto parts made for cars sold in the United States, the Justice Department said on Tuesday. Toyoda Gosei is among 32 companies that have pleaded guilty to fixing the prices of dozens of car parts. Horie, a former Toyoda Gosei sales...

  • NEW YORK, Jan 6- Long-dated U.S. Price gains were strongest in 30- year bonds, which were last up 1-28/ 32 after their yields dipped as low as 2.471 percent and neared lows last seen during July 2012. Demand for U.S. debt was driven by steadily falling oil prices, which touched a fresh 5-1/ 2- year low on Tuesday, as well as expectations that the European Central Bank will...

  • Fed appoints new head of monetary affairs division Tuesday, 6 Jan 2015 | 2:47 PM ET

    WASHINGTON, Jan 6- The U.S. Federal Reserve announced on Tuesday that Thomas Laubach would take over as director of the Division of Monetary Affairs. Laubach worked at the Federal Reserve Bank of Kansas City from 1997 to 2000 before joining the staff of the Fed board, where he remained until 2008..

  • The bill, introduced in the U.S. House of Representatives, seeks to reduce the law's burden on companies by requiring them to offer private health coverage to full-time employees who work 40 hours a week rather than the 30 hours stipulated by President Barack Obama's Affordable Care Act. Companion legislation is due to be introduced in the Senate on Wednesday.

  • WASHINGTON, Jan 6- Republican senators kicked off the new U.S. Congress with legislation to approve the hotly disputed Keystone XL oil pipeline, but the White House promptly threatened a veto. "There is already a well-established process in place to consider whether or not infrastructure projects like this are in the best interest of the country," White House...