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  • AVENUE CREDIT STRATEGIES FUND HAS SEEN ASSETS FALL TO ABOUT $650 MLN- $700 MLN, FROM $1.17 BLN AT END OF OCTOBER-SOURCES.

  • TOKYO, Jan 12- Japan's Nikkei share average fell to a 3-1/ 2- month low on Tuesday as tumbling oil prices spooked investors, dragging down the broader market. Investors in Japan returned to the market after a holiday on Monday to find oil prices were still crumbling and Chinese stocks were struggling after closing on Monday at their lowest since September.

  • CHINA APPROVES $383 BLN WORTH OF FIXED ASSET INVESTMENT IN. BEIJING, Jan 12- China approved 280 fixed asset investment projects worth 2.52 trillion yuan in 2015, Li Pumin, the spokesman for the National Reform and Development Commission said on Tuesday. China also approved 32 projects worth 515.1 billion yuan in December, he said at a press conference in Beijing.

  • SYDNEY, Jan 12- U.S. wheat held steady on Tuesday after posting losses of 2 percent the session before, with focus turning to a U.S. government report on grains due later in the day. *Chicago Board of Trade front-month wheat was little changed at $4.68-3/ 4 a bushel, having closed down 2 percent on Monday after prices hit a near three-week top of $4.81-1/ 2 a bushel.

  • Dallas, Jan 11- Four U.S. interest-rate hikes are "not baked in the cake" for the Federal Reserve this year, particularly given the volatility in China's stock market and concerns about a slowdown there, a top Fed official said on Monday. "This is an unusual start to the year, obviously," Robert Kaplan, the Dallas Fed's new president, told reporters after a talk here.

  • BEIJING, Jan 12- China's top economic planning agency said on Tuesday it expects the economy to have added 13 million new jobs in 2015.. China also expects GDP growth of around 7 percent in 2015, Li Pumin, spokesman for the National Development and Reform Commission told a news conference in Beijing. He said he expects China to have achieved its main economic...

  • MELBOURNE, Jan 12- London copper was holding above its weakest since 2009 in volatile trade on Tuesday, with fresh selling expected on jitters over China's teetering economy and amid a seasonal slowdown in demand ahead of the Lunar New Year. *Shanghai Futures Exchange copper slid 1.5 percent to 34,780 yuan a tonne. *China's central bank plans to keep the yuan...

  • *Standard Chartered says oil could drop to $10/ barrel. U.S. crude West Texas Intermediate were trading at $31.15 per barrel at 0139 GMT on Tuesday, down 26 cents from their last settlement and almost 19 percent lower than at the beginning of the year. Brent crude futures fell 20 cents to $31.35 a barrel, their lowest since April 2004.

  • SHANGHAI, Jan 12- China's major stock indexes rose on Tuesday following reports of proposed reforms to strengthen the nation's financial regulatory system. The State Council has set up a working group, headed by deputy secretary-general Xiao Jie, a former vice finance minister and tax chief, to prepare for upgrading the cabinet's financial department to...

  • TAIPEI, Jan 12- Taiwan stocks rebounded on Tuesday, but the gains could be short-lived as investor concerns over China's market turmoil persist. China market's crisis has sparked foreign fund outflows from Taiwan and some other global markets, with foreign investors posting net sales of Taiwan stocks at each session this month. The Taiwan dollar firmed T...

  • DALLAS, Jan 11- Robert Kaplan, the new chief of the Dallas Federal Reserve Bank, said on Monday he would take a "wait-and-see" approach on assessing how China's slowdown will affect the U.S. economy. Kaplan told the Dallas chapters of Financial Executives International, the Association for Corporate Growth and the National Association of Corporate Directors...

  • CHICAGO, Jan 11- A Chicago City Council committee on Monday approved $2.65 billion of bonds requested by Mayor Rahm Emanuel to further trim risky adjustable-rate debt from its portfolio and raise money for capital improvements. Emanuel originally requested $1.25 billion of general obligation bonds, but city finance officials reduced the amount to $650...

  • SAN FRANCISCO, Jan 11- Anthem Corp's chief executive officer, Joseph Swedish, said on Monday he is optimistic the company will get the antitrust regulatory approval it needs for its $47 billion purchase of smaller rival Cigna Corp. this year. Swedish, in an interview at the JP Morgan Healthcare Conference, said Anthem- which will become the largest U.S. health...

  • DETROIT, Jan 11- Asian automakers are scrambling to ship more sport utility vehicles to the United States to meet strong demand, tapping manufacturing capacity in Japan and South Korea. The rise in exports to the United States comes as lawmakers in Washington are gearing up to debate the Trans-Pacific Partnership, a wide-ranging trade liberalization deal...

  • DETROIT, Jan 11- Scion, Toyota Motor Co's youth-oriented brand, is targeting an older, more mainstream audience as "millennials" delay car purchases, raising the possibility of weaker-than-expected sales growth this year. "Millennials are in fact buying cars, they have just waited longer to buy cars because they've come out of college with more financial debt...

  • *Sees 2016 oper profit of 6.4 bln- 6.7 bln euros. *Says more than doubles S/4 HANA customers to 2,700. FRANKFURT, Jan 12- SAP, Europe's largest software company, on Tuesday reported record annual operating profits, driven both by year-end software license renewals and customers' converting to newer cloud-based software.

  • SINGAPORE, Jan 12- Spot gold edged higher on Tuesday, snapping two sessions of decline, as concerns over China's economic growth and pressure on stock markets lifted the precious metal. *China's main stock indexes each dropped more than 5 percent on Monday. *The chaotic moves have led to worries China's economy may be in for tough time rather than stabilising as...

  • Jan 11- Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc, people familiar with the matter said on Monday, in a move that could lead to a major shake-up of the media conglomerate. The New York Post said on Sunday that Icahn was believed to be buying up Time Warner shares and "will take another run at the company," citing anonymous...

  • The deal, which could be worth about $1 billion, was first reported by the Wall Street Journal on Monday. Apollo Education, the owner of the University of Phoenix, said earlier Monday that it was considering selling itself after years of declining enrollments but provided no details. Stricter funding rules from the U.S. Department of Education have also squeezed...

  • Jan 11- Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc, people familiar with the matter said on Monday, in a move that could lead to a major shake-up of the media conglomerate. Icahn's intentions when it comes to Time Warner are not yet known, the people said, asking not to be named because the matter was private.