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  • RABAT, Jan 11- Libya's National Oil Corporation has emptied oil storage tanks in Ras Lanuf as a precaution after the Islamic State group attacked Libya's two biggest oil ports last week, an official from the company said on Monday.

  • BEIJING, Jan 11- China's cabinet is set to take on a bigger role in overseeing financial markets, as perceived missteps by existing regulators fuel concerns globally that Beijing may lose its grip on economic policy with growth at its slowest in a quarter of a century. The State Council has set up a working group, headed by deputy secretary-general Xiao Jie, a...

  • SAO PAULO, Jan 11- Requests for bankruptcy protection in Brazil soared 55 percent last year to a record as the steepest recession in a quarter century and the highest borrowing costs in nine years squeezed factories, retailers and other business, credit research company Serasa Experian said on Monday. Filings rose to 1,287 last year from 828 in 2014, according...

  • HONDA TO LAUNCH PLUG-IN HYBRID IN NORTH AMERICA BY 2018- CEO.

  • BRENT CRUDE FUTURES EXTEND LOSSES, FALL TO $32.05/ BARREL, THE LOWEST SINCE APRIL 2004.

  • FALLS BELOW $32/ BARREL, LOWEST SINCE DEC. 2003.

  • SANTIAGO, Jan 11- Chilean energy company Colbun said on Monday it will not be able to bid for a controlling stake in Colombian power generator Isagen on Wednesday. Consortiums controlled by Colbun and Canada's Brookfield Asset Management were expected to bid for the 57.6 percent stake in Isagen on Wednesday. Colombia will go ahead with the sale of the power...

  • CRUDE FALLS BELOW $32.10 A BARREL, REACHES LOWEST SINCE DEC 2003.

  • DETROIT, Jan 11- Rapidly evolving technology is upending the traditional pecking order in the luxury car market, which has always valued larger vehicles over smaller ones. Mercedes-Benz, for example, has equipped its new E-Class mid-sized sedan with better computer chips, cameras, software and sensors than those in the S-Class- the flagship that has for decades...

  • BUENOS AIRES, Jan 11- Argentina does not expect to make an offer to U.S. hedge funds suing over unpaid debt when negotiations resume in New York on Wednesday, the daily La Nacion quoted the country's cabinet chief as saying. "We don't plan to make an offer," Cabinet Chief Marcos Pena told La Nacion. The funds, led by billionaire Paul Singer's Elliott Management, are suing...

  • CRUDE OIL FUTURES EXTENDS LOSSES, FALLS BY $1 A BARREL.

  • OTTAWA, Jan 11- The negative effects of lower oil and commodity prices have caused business sentiment in Canada to deteriorate over the last three months, though non-commodity exporters plan to boost their investment spending, the Bank of Canada said on Monday. On a national basis, investment and hiring intentions have fallen to their lowest levels since 2009,...

  • *Basel says to consult on more curbs on banks' internal models. LONDON, Jan 11- The world's top 30 banks face a higher minimum requirement for their broadest measure of capital, global regulators said on Monday as they flagged a two-tier leverage ratio regime for the first time. The Group of Central Bank Governors and Heads of Supervision said it agreed on Sunday...

  • Jan 11- For-profit education provider Apollo Education Group Inc,, owner of the University of Phoenix, said it was considering selling itself, after years of declining enrolments. The U.S. Department of Defense put the University of Phoenix on probation in October, barring it from recruiting students on military bases or using federal money to fund tuition.

  • LONDON, Jan 11- European drug regulators launched a review on Monday of the use in farming of a key last-line antibiotic called colistin after international research found alarming evidence of a gene that makes bacteria resistant to the drug. The London- based European Medicines Agency said it was responding to a European Commission request to update its...

  • CHICAGO, Jan 11- Arch Coal, the second-largest U.S. coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged downturn in the coal industry. Missouri- based Arch Coal has been saddled with debt since its $3.4 billion acquisition of International Coal Group in 2011, which...

  • Wall Street shares and Europe's main bourses were firmer after a poor start to the new year, diminishing the appeal of the euro. Europe's common currency has been used in recent months in carry trades, with investors selling the euro because of its near-zero interest rate and buying other higher-yielding currencies such as the dollar and sterling.

  • MOSCOW, Jan 11- Russia's dollar-denominated RTS share index on Monday briefly fell below 700 points for the first time since December 2014.

  • LONDON, Jan 11- Six bankers were formally charged in British court on Monday with conspiring to manipulate Euribor benchmark interest rates, while another five accused in the case did not appear for the hearing. The case involving 11 former Deutshce Bank, Barclays and Societe General employees is Britain's fourth prosecution of rate-fixing allegations...

  • NEW YORK, Jan 11- U.S. "Last week Treasuries rallied because Chinese stocks fell and today Chinese stocks fell, but we didn't rally, suggesting the panic from last week seems to have subsided," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. The Treasury will sell a total of $112 billion for the week.