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  • WASHINGTON, Jan 8- A U.S. Supreme Court case set for argument Monday challenging powerful public-sector unions echoes a very different dispute: The recent battle over gay marriage. The two groups also were on opposite sides of the 2008 anti-gay marriage Proposition 8 ballot initiative in California, which temporarily blocked same-sex marriage in the state.

  • DUBAI, Jan 8- State oil giant Saudi Aramco confirmed on Friday that it has been studying various options to list in capital markets. Deputy Crown Prince Mohammed bin Salman told The Economist magazine in a transcript of an interview released on Thursday that the Saudi government was considering whether to sell shares in Aramco as part of a privatisation drive...

  • Jan 8- U.S. stock index futures were higher on Friday as Chinese stocks recovered, oil prices clawed back after touching 12- year lows and the yuan was firmer, ahead of the monthly U.S. jobs report. The report is expected at 8:30 a.m. ET. *China nudged the yuan higher for the first time in nine days, while traders welcomed the country's decision to suspend a circuit...

  • YAOUNDE, Jan 8- Tighter public spending, economic diversification and greater regional trade are needed to spur growth in central Africa that has been hampered by plunging oil prices and security threats, the head of the International Monetary Fund said on Friday. Speaking in Cameroon during a regional tour, IMF managing director Christine Lagarde said...

  • *Beijing deactivates circuit breaker, China shares rise. Beijing deactivated a circuit breaker mechanism that was blamed for aggravating equity market crashes earlier this week. Oil prices plunged to 12- year lows on Thursday after leading energy consumer China allowed its yuan currency to slip, sending stock markets tumbling globally.

  • DUBAI, Jan 8- State oil giant Saudi Aramco confirmed on Friday that it has been studying various options to list in capital markets. The firm said in a statement that the options included the listing "of an appropriate percentage of the company's shares and/or the listing of a bundle its downstream subsidiaries". Deputy Crown Prince Mohammed bin Salman told The...

  • TAIPEI, Jan 8- Taiwan's Hon Hai Precision Industry Co, which assembles the bulk of Apple Inc's latest smartphones, saw its December revenues slump by a fifth and full-year sales miss expectations. The results, published on Friday, came amid growing concerns about slowing shipments of Apple's latest iPhone 6 S models, which Hon Hai assembles.

  • LONDON, Jan 8- Investors dumped stocks and fled for the safety of bonds in the week to Jan. 6 which saw $2.3 trillion wiped off global equity markets and the worst opening week for the S&P 500 index, Bank of America Merrill Lynch said on Friday. Investors pulled some $500 million from EM equity funds in the week to Jan. 6, the 10th straight week of outflows.

  • BEIJING, Jan 8- China's central bank said it would further liberalise interest rates, according to a statement posted on the People's Bank of China website on Friday. The central bank also said it would make the yuan more international, keep the currency basically stable, further improve the currency formation mechanism and deepen reforms of the foreign...

  • BEIJING, Jan 8- China's central bank said it would further liberalize interest rates, according to a statement posted on the People's Bank of China website on Friday. The central bank also said it would make the yuan more international, keep the currency basically stable, further improve the currency formation mechanism and deepen reforms of the foreign...

  • *Stocks rebound after China drops circuit breaker. European stocks climbed after Asian shares gained, with battered Chinese equities rising strongly after China suspended its market circuit breaker and guided the yuan higher for the first time in nine days. "Concerns over China, and possibly the Middle East, have prompted some safe-haven demand.

  • *Sees 5-6 store closures in Hong Kong in year ending March. HONG KONG, Jan 8- Chow Tai Fook Jewellery Group Ltd, China's largest jewellery retailer by market value, expects to close 5-6 Hong Kong stores in the fiscal year ending in March, as tourists are put off visiting the city by a strong local currency. "Hong Kong remains challenging because of the strong Hong Kong...

  • Jan 8- Activist shareholders could push media company Time Warner Inc to sell itself or spin off its lucrative HBO business, the New York Post reported late on Thursday. While the activist shareholders have not approached Time Warner officially, New York- based firm Corvex Management is planning a move, The New York Post reported, citing sources familiar with the...

  • LONDON, Jan 8- Copper bounced on Friday as some traders cut bets on lower prices, but doubts about growth and demand in top consumer China are likely to ensure prices don't stray too far from near-seven year lows hit this week. Worries about economic growth in China have led to a turbulent start to the year on its equity and currency markets as private purchasing...

  • TAIPEI, Jan 8- Taiwan's Hon Hai Precision Industry Co, which assembles the bulk of Apple Inc's latest smartphones, saw its December revenues slump by a fifth and full-year sales miss expectations on Friday. The results come as concerns are growing about slowing shipments of the latest iPhone 6 S models, which Hon Hai assembles, during the non-peak first quarter,...

  • SINGAPORE, Jan 8- Assessments of China's intentions after it let the yuan depreciate more quickly this week possessed some qualities of a fairground mirror, with policymakers in nearby Asia far less alarmed about risks of a "currency war" than those further away. As global currency and stock markets shivered on Thursday, Mexico's Finance Minister Luis...

  • COPENHAGEN, Jan 8- Rates for shipping containers from ports in Asia to Northern Europe fell by 24.4 percent to $932 per 20- foot container in the week to Friday, a London- based container derivative trader with access to data from Shanghai Shipping Exchange told Reuters. The spot freight rates for transporting containers, carrying anything from flat-screen TVs...

  • *China shares rise strongly after circuit breaker drop. *Oil prices also recover on China moves. After a 10 percent- plus drop in Chinese equities, an equally dramatic slump in oil and major volatility in other markets, a 2 percent rise by Chinese shares helped Asia end higher for the first time in 2016. Europe followed suit, with the FTSE, DAX and CAC40 up 0.5 to 0.7...

  • *Miners, autos lead gains as China rebound soothes mood. MILAN, Jan 8- European shares inched higher on Friday, steadying a little after this week's sell-off on concerns over China, where stocks climbed after Beijing halted use of a new circuit breaker mechanism. The pan-European FTSEurofirst 300 was on track for its steepest weekly drop since late August, however,...

  • LONDON, Jan 8- The dollar rose more than half a percent against both the euro and yen on Friday as measures taken by China to ease this week's market turmoil helped steady investors' nerves over market moves there and China's influence on global financial stability. The yuan, down by as much as 3 percent in offshore trading this week, steadied, with dealers reporting...