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  • HONG KONG/ LONDON, Jan 11- The biggest-ever Chinese acquisition of a German company was announced on Monday, with a consortium led by state-owned China National Chemical Corp buying industrial machinery maker KraussMaffei Group for about $1 billion. The ChemChina-led consortium, which also includes Guoxin International Investment Corp and private equity...

  • *China's oil demand slowing after years of record growth. LONDON, Jan 11- Oil prices fell for a sixth session to trade near 12- year lows on Monday as concerns about China's economic slowdown, reflected in a renewed slide in its stock markets, weighed on the outlook for demand this year. Analysts pointed to China's economic slowdown, which has seen the yuan weaken and...

  • WASHINGTON, Jan 11- The U.S. Supreme Court on Monday declined to hear a Johnson& Johnson subsidiary's appeal of a $124 million penalty imposed by South Carolina after a jury found the drugmaker had improperly marketed the anti-psychotic drug Risperdal and concealed its risks. The court's decision not to hear the appeal filed by Johnson& Johnson's Janssen...

  • PRAGUE, Jan 11- The European Union has no firm timeframe for lifting sanctions on Iran and the move could come soon, the bloc's foreign policy chief Federica Mogherini said on Monday. Iranian President Hassan Rouhani said in a speech broadcast live on state television on Monday as he inaugurated new gas projects: "We are hopeful that the sanctions against Iran...

  • *Oil prices fall for sixth day in a row. Jan 11- U.S. stocks broadly rose on Monday, led by Apple, as they rebounded off their worst-ever start to a year and with the corporate earnings season set to kick off. Global stocks were mixed as jittery investors looked for stability after a bruising start to the year due to declining oil prices and mounting worries about a China-...

  • LONDON, Jan 11- For the suite of industrial metals traded on the London Metal Exchange the new year has started off where the last one left off. China, of course, is why most of the LME metals are sliding back towards financial crisis levels. With no sign of any demand driver to replace the loss of China, the focus is on supply and each metal's cost curve, a moving target...

  • WASHINGTON, Jan 11- The U.S. Supreme Court on Monday rejected a bid by Nestle SA, the world's largest food maker, and two other companies to throw out a lawsuit seeking to hold them liable for the use of child slaves to harvest cocoa in Ivory Coast. The high court left in place a December 2014 ruling by the San Francisco- based 9th U.S. Circuit Court of Appeals that refused...

  • DETROIT, Jan 11- Sales of Audi's luxury cars may hit a fresh record this year helped by demand in Europe and the United States, Chief Executive Rupert Stadler said at the Detroit auto show on Monday. Global deliveries of Volkswagen's flagship division rose to a new record of more than 1.8 million cars in 2015 from 1.74 million a year earlier. World auto markets may...

  • WASHINGTON, Jan 11- The U.S. Supreme Court on Monday declined to hear an appeal filed by three former executives of Swiss global investment bank UBS AG convicted of conspiring to deceive U.S. cities and towns by rigging bids to invest municipal bond proceeds. The court left in place a June 2015 ruling by the 2nd U.S. Court of Appeals that upheld the 2012 convictions...

  • WASHINGTON, Jan 11- The U.S. Supreme Court on Monday declined to hear a Johnson& Johnson subsidiary's appeal of a $124 million penalty imposed by South Carolina after a jury found the drugmaker had improperly marketed the anti-psychotic drug Risperdal and concealed its risks.

  • BEIJING/ SHANGHAI, Jan 11- A renewed plunge in Chinese stock markets has stoked concerns among global investors about the health of the world's second-biggest economy, but there is little evidence that the outlook for China has darkened dramatically in recent weeks. China's economy lost steam steadily through 2015 and economists are split over when they...

  • The high court left in place a December 2014 ruling by the San Francisco- based 9th U.S. Circuit Court of Appeals that refused to dismiss a lawsuit against Nestle, Archer-Daniels-Midland Co and Cargill Inc filed by former victims of child slavery.

  • Jan 11- U.S. stocks opened higher on Monday as the corporate earnings season is set to kick off, with Alcoa reporting after the close. The Dow Jones industrial average rose 73.14 points, or 0.45 percent, to 16,419.59. The S&P 500 gained 8.74 points, or 0.45 percent, to 1,930.77 and the Nasdaq Composite index added 29.59 points, or 0.64 percent, to 4,673.22.

  • BEIJING, Jan 11- China's central bank plans to keep the yuan basically stable against a basket of currencies, and fluctuations of the Chinese currency against the U.S. dollar will increase, its chief economist Ma Jun said on Monday. China's yuan currency is also known as the renminbi, which means the people's money. China's markets have had a volatile start to the...

  • SAO PAULO, Jan 11- The Mexican peso and the Brazilian real strengthened on Monday after heavy losses last week, but concerns lingered about erratic currency policy in China. "The Chinese refuse to fix things," said Pedro Tuesta, an economist with 4 Cast Inc in Washington D.C. "The Mexican peso is having a technical rebound, but with oil prices down we should expect a test...

  • *AUDI CAR SALES MAY GROW FURTHER IN 2016 - CEO

    AUDI CAR SALES MAY GROW FURTHER IN 2016 - CEO.

  • AUDI CEO SAYS WORLD CAR MARKETS MAY GROW AROUND 2 PERCENT IN 2016.

  • FRANKFURT, Jan 11- German car parts and tires maker Continental expects a more volatile Chinese market this year and sees U.S. vehicle deliveries stable at about 17.5 million, its finance chief told Reuters on Monday. Wolfgang Schaefer said U.S. sales could fall in 2017 or 2018, however, due to potentially rising interest rates and the falling oil price.

  • Jan 11- U.S. stock indexes were set to open slightly higher on Monday as Wall Street comes off its worst-ever start to a year and the corporate earnings season kicks off. Global stocks were mixed as jittery investors looked for stability after a bruising start to the year due to declining oil prices and mounting worries about a China- led slowdown in global...

  • *Bank of England delaying rate rise till pay picks up. LONDON, Jan 11- Britain's economy is heading into its seventh year of growth after the financial crisis but for many employers such as Mike Naylor, who runs a small metal-casting firm, business is too uncertain to raise staff pay by much this year. With the Bank of England holding off on raising record-low...