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  • IMF sets June deadline for progress on governance reforms Wednesday, 28 Jan 2015 | 8:41 PM ET

    President Barack Obama has so far been unable to persuade Republicans in Congress to act on the measure. The board of the International Monetary Fund said Wednesday the institution's 188 member countries should agree on steps that could make "meaningful progress" toward the reforms by June 30, without providing details. Finance chiefs around the world had...

  • Deputy Defense Secretary Robert Work on Wednesday urged NATO allies to develop and make more innovative weapons, and said bold action was needed to stay ahead of rapid weapons development by China, Russia and other countries. Concerns about weapons development from other countries was a key reason that the Pentagon's fiscal 2016 budget plan to be delivered...

  • "net neutrality" rules are expected to regulate for the first time deals in which content companies such as Netflix Inc pay broadband providers to connect with their networks for smooth downloads, according to people familiar with the plan. The new draft is expected to expand the authority of the FCC to previously unregulated traffic exchange deals, known as...

  • SHANGHAI, Jan 29- China's index futures fell at the opening of trade on Thursday morning after sources told Reuters that regulators are launching a fresh investigation into margin trading at brokerages. The CSI300 stock index futures for February fell 1.8 percent to 3471.8 in early trade. The last time China regulators cracked down on margin lending,...

  • MELBOURNE, Jan 29- London Metal Exchange metals contracts soured on Thursday after the Federal Reserve signaled it would stick to plans for a rate hike this year, drawing back liquidity that has underpinned metals. *Three-month copper on the London Metal Exchange slid 1.1 percent to $5,425.50 a tonne by 0108 GMT, quashing an advance from the previous session and...

  • Facebook's new challenge: sell Wall Street on spending Wednesday, 28 Jan 2015 | 8:21 PM ET

    SAN FRANCISCO, Jan 28- Facebook Inc's big spending plans are facing a tough reception on Wall Street. Facebook said on Wednesday that 2015 capital expenditures will range from $2.7 billion to $3.2 billion, a sharp increase from $1.83 billion in 2014.. The spending spree comes as Facebook faces intensifying competition with Twitter Inc, Google Inc and a host of...

  • SINGAPORE, Jan 29- Gold steadied above $1,280 an ounce on Thursday after the U.S. *Spot gold was nearly flat at $1,284.91 an ounce by 0034 GMT, not far below a five-month top of $1,306.20 reached last week. *China plans to cut its growth target to around 7 percent in 2015, its lowest goal in 11 years, as policymakers try to manage slowing growth, job creation and pursuing...

  • TOKYO, Jan 29- Japan's retail sales rose for a sixth straight month in December, providing evidence of a gradual recovery in private consumption as the economy climbs out of recession. The 0.2 percent year-on-year sales growth fell short of a 0.9 percent gain seen by economists in a Reuters poll, following a revised 0.5 percent rise in November, data by the...

  • TOKYO, Jan 29- Asian shares retreated on Thursday after the Federal Reserve unexpectedly lifted its view on the economy, signalling that the U.S. central bank remains firmly on track with plans to raise interest rates this year. "The markets were a bit surprised that the Fed was more hawkish than expected, especially considering that many people had thought that...

  • Jan 28- McDonald's Corp, fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Officer Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook. But the following September, McDonald's reported a decline in same-store sales as it fought to hold on to customers with changing...

  • SEOUL, Jan 29- Samsung Electronics Co Ltd on Thursday reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weakness in the South Korean giant's smartphone business. The result put the firm's 2014 profit at 25 trillion won, down from a record 36.8 trillion won in 2013 and the lowest since 2011, as the world's top...

  • SEOUL, Jan 29- U.S. crude futures were trading near 6- year lows just below $44.50 a barrel in early Asian trade on Thursday, remaining under pressure after data showing U.S. crude stocks surged to their highest on record. *U.S. crude's front-month contract shed 1 cent at $44.44 a barrel as of 0000 GMT. *Benchmark Brent crude closed down $1.13, or 2.3 percent, at $48.47,...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a sudden reversal. "The inspection belongs to normal regular supervision and should not be over-interpreted," Xinhua said...

  • Jan 28- The private equity firm TPG Capital LP has sued former spokesman Adam Levine, accusing him of taking confidential documents and distributing them to the New York Times and other media after being denied a promotion to a partnership position. In a complaint filed on Wednesday with the U.S. District Court in Fort Worth, Texas, TPG said Levine has held onto his...

  • DIARY- Top Economic Events to Feb 11 Wednesday, 28 Jan 2015 | 7:01 PM ET

    FAIRFAX, United States- Federal Reserve Board Governor Daniel Tarullo speaks on "Advancing Macroprudential Policy Objectives" before the Office of Financial Research and Financial Stability Oversight Council 4th Annual Conference: Evaluating Macroprudential Tools: Complementarities and Conflicts "- 1745 GMT. SARASOTA, United States- Federal Reserve...

  • The legislation kicks off a likely battle this year between the Chairman of the House Committee on Financial Services, Jeb Hensarling, one of the bank's strongest critics, and moderate Republicans, Democrats and business groups determined to keep Ex-Im open. A bill introduced by Tennessee lawmaker Stephen Fincher and 57 fellow Republicans would give the...

  • SEOUL, Jan 29- South Korea's Samsung Electronics Co Ltd said on Thursday that October-December profit fell 36 percent from a year earlier, confirming the firm's first annual earnings decline in three years. The world's top smartphone maker reported a fourth-quarter profit of 5.3 trillion won, compared with a 5.2 trillion won profit it guided for earlier this...

  • Jan 29- China will force companies which sell computer equipment to banks to hand over secret source code, undergo sensitive audits and set up research and development centers in the country, the New York Times reported on Thursday. Beijing wants 75 percent of technology products used by China's financial institutions "secure and controllable" by 2019, the...

  • OTTAWA, Jan 28- A North American Free Trade Agreement panel has halted a probe of Canada's oversight of oil sands tailings ponds following a unanimous vote by its three member countries, officials said on Wednesday. The complainants argued that Canada was failing to enforce environmental laws related to alleged leaks from industry tailings ponds into water...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies as part of what it called normal supervision, the official Xinhua news agency reported late on Wednesday. Three sources told Reuters on Wednesday that Chinese regulators would launch a fresh investigation into stock margin trading, and banks have been...