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  • MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global prices hurt public finances, and it is shelving a tainted $3.75 billion high-speed train tender as part of its austerity measures. Finance Minister Luis Videgaray said the cuts were intended to reassure global investors that Mexico will keep its...

  • PRECIOUS-Gold rallies to best month in 3 years Friday, 30 Jan 2015 | 4:04 PM ET

    NEW YORK/ LONDON, Jan 30- Gold rebounded from a two-day loss on Friday as a sharp slowing in U.S. fourth-quarter economic growth boosted the precious metal's safe-haven value, helping it post its best monthly gain in three years in January. Gold could remain strong in the near term from worries about European instability even as the dollar remained strong, traders...

  • NEW YORK, Jan 30- U.S. regulators have published a description about forthcoming rules on drones that omits mention of toys, sowing confusion among lawyers and hobbyists who are closely following the development of the new regulations. She said the Department of Transportation told her earlier Friday that it is aware of the discrepancy in the language...

  • SAO PAULO, Jan 30- Brazilian construction group OAS SA, struggling with rampant debt and the impact of a corruption probe on a key client, said on Friday that it plans to appeal a court decision seizing some of the shares it owns in infrastructure firm Invepar SA. In a statement to Reuters, OAS said it has yet to be notified of the decision by a Sao Paulo Justice Court...

  • Jan 30- Shares of Spark Therapeutics Inc more than doubled in their debut, valuing the gene-therapy company at nearly $1.5 billion and underscoring investor's interest in the field that recently produced a million-dollar drug. The company's shares opened at $45.10 in their debut on Friday, nearly double their IPO price of $23, and soared to a high of $50 with...

  • TREASURIES-Prices jump on U.S. GDP growth wobble Friday, 30 Jan 2015 | 3:34 PM ET

    *Long bond, 10- year yields touch record lows. NEW YORK, Jan 30- U.S. That would be the long bond's best total return performance since September 2011, according to Bank of America Merrill Lynch data.

  • NEW YORK, Jan 30- U.S. Mint American Eagle gold coin sales in January were the lowest for the first month of the year since 2008 as a rally in prices discouraged collector buying in typically the busiest month of the year, according to data on Friday. Silver also had a slow start to the year, with 5.53 million ounces sold in January, more than double December's total but...

  • U.S. stocks lower; MSCI world index also down. NEW YORK, Jan 30- Oil prices surged on Friday following the sharpest weekly drop in U.S. oil rig count in nearly 30 years, while the dollar index was on track to end January with gains of about 5 percent. U.S. crude rose 8.3 percent to settle at $48.24 a barrel, while Brent crude jumped 7.9 percent to settle at $52.99.

  • MINT AMERICAN EAGLE GOLD COIN SALES IN JAN RISE TO 81,000 MLN OZ VS 18,000 OZ IN DEC; DOWN VS 91,500 OZ YR EARLIER.

  • NEW YORK, Jan 30- U.S. stocks pared earlier losses to trade little changed Friday afternoon amid a rebound in the energy sector as oil prices surged on expectations for a supply decline due to a falling rig count. The rebound came as crude futures rose 8 percent following a survey that showed that the number of rigs drilling for oil in the United States fell by 94 this...

  • Jan 30- The former chief executive of Sentinel Management Group Inc in suburban Chicago was sentenced on Friday to 14 years in prison, after been convicted of running what federal prosecutors called a roughly $666 million fraud. District Judge Ronald Guzmán in Chicago, according to a spokesman for U.S. Attorney Zachary Fardon in the Northern District of...

  • NEW YORK, Jan 30- U.S. stocks pared earlier losses to trade little changed Friday afternoon amid a rebound in the energy sector as oil prices surged on expectations for a supply decline due to a falling rig count. The rebound came as crude futures rose 8 percent following a survey that showed that the number of rigs drilling for oil in the United States fell by 94 this...

  • In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than $53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94- or 7 percent- this week. Some "short covering was expected and the rig count number sparked the...

  • WASHINGTON, Jan 30- Pomegranate juice maker POM Wonderful cannot advertise that its pomegranate drinks treat or prevent heart disease or other ailments unless it has proof, a U.S. appeals court said Friday, upholding an order by the Federal Trade Commission. The U.S. Court of Appeals for the D.C. Circuit largely upheld a 2010 order by the Federal Trade Commission,...

  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. The move echoed similar steps earlier this week by Royal Dutch Shell, Hess Corp, ConocoPhillips and others to conserve cash in an environment where the...

  • BOSTON, Jan 30- Topface, one of the world's largest dating websites, said it has paid a hacker an undisclosed sum to stop trying to sell about 20 million email addresses stolen from the Russian company. Topface Chief Executive Dmitry Filatov said the company located the hacker, who had published ads to sell the data but had not actually sold them.

  • UPDATE 2-Mexico cuts spending, shelves rail project Friday, 30 Jan 2015 | 1:55 PM ET

    MEXICO CITY, Jan 30- Mexico's government cut its 2015 budget by nearly 3 percent on Friday after a drop in global oil prices hurt public finances and announced austerity measures that included shelving a tainted $3.75 billion high-speed train tender. A slump in oil prices has battered Mexico's peso, which blew past the 15- per dollar level on Friday for the first...

  • *Wheat falls below $5 for first time in three months. *Wheat down 15 pct in Jan, biggest fall since Sept 2011. Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October.

  • Jan 30- AbbVie Inc's chief executive said on Friday the company's new oral hepatitis C treatment Viekira Pak has the potential to capture a "meaningful share" of the U.S. market, where it is competing against Gilead Sciences. AbbVie CEO Richard Gonzalez told investors the company expects an annualized sales run rate of more than $3 billion by the end of 2015, which...

  • SAN FRANCISCO, Jan 30- Sharp gains in the U.S. dollar that have spurred grumbling from some big U.S. companies about the impact on profits are actually a positive sign for U.S. job creation, a top Federal Reserve official said on Friday. "CEOs that have international operations complain about it," Dallas Fed President Richard Fisher told Reuters in an interview.