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  • Russian retailer O'Key hit hard by downturn, food ban Thursday, 22 Jan 2015 | 9:21 AM ET

    MOSCOW, Jan 22- Russian food retailer O'Key said on Thursday its fourth quarter like-for-like sales fell 5 percent because of a sharp drop in customer traffic. Russia banned some food imports from the West in August for one year in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. Unlike Magnit and X5, which operate large discount chains,...

  • *Global Telecom leads gains in Egypt. *UAE Islamic lenders rise after Sharjah Islamic Bank results. DUBAI, Jan 22- Gulf stock markets were mixed on Thursday, coming under pressure from some negative earnings reports but supported by stronger oil, while Egypt established a clear break of major technical resistance.

  • US 30- YEAR TREASURY BONDS FALL TO SESSION LOWS OF 2.44 PERCENT.

  • LONDON, Jan 22- Ukraine's sovereign dollar bonds slumped on Thursday after the government said it would seek talks with bondholders to "improve debt sustainability", interpreted by many as a call to restructure the debt. The comments by Finance Minister Natalia Yaresko are being seen as a call for creditors to write down some of Ukraine's debt as the country...

  • US TREASURY YIELDS CONTINUE FALL, 10- YEAR YIELDS DROP TO 1.86 PERCENT.

  • LONDON, Jan 22- What is the sound of one hand clapping? The one hand clapping is that of the non- China world, where producer discipline has tamed supply sufficiently to drag the market into a state of deficit. The Shanghai aluminium price is accordingly bombed out to the point that at least half of the country's total operating capacity is running at a loss, according...

  • NEW DELHI, Jan 22- India and the United States were trying to narrow differences on nuclear trade on Thursday ahead of President Barack Obama's visit, but New Delhi ruled out a change in its liability law that has choked off U.S. investment. Nuclear commerce worth billions of dollars was meant to be the centrepiece of a new strategic relationship between the...

  • Icahn nominates two directors to Gannett board Thursday, 22 Jan 2015 | 9:13 AM ET

    Jan 22- Activist investor Carl Icahn nominated two directors to USA Today publisher Gannett Co Inc's board. Icahn, who owned about 6.6 percent of Gannett as of Sept. 30, said he was concerned about the decisions the company may make in anticipation of its proposed spinoff. I would not be surprised if either company became the target of a takeover attempt, "Icahn wrote...

  • Merkel says ECB moves should not obscure need to reform Thursday, 22 Jan 2015 | 9:13 AM ET

    DAVOS, Switzerland, Jan 22- German Chancellor Angela Merkel said on Thursday that moves by the European Central Bank to bolster growth did not absolve European politicians of their responsibility to reform their economies. "Regardless of what the ECB does, it should not obscure the fact that the real growth impulses must come from conditions set by the...

  • The socialist-run OPEC member's economy shrank 2.8 percent in 2014 while inflation topped 64 percent, the socialist leader announced in a speech to parliament, in what is almost certainly the worst performance in Latin America. With oil prices down by more than half since mid-2014, Venezuela's economic mess has hit Maduro's popularity hard and threatened...

  • US 30- YEAR TREASURY YIELDS FALL TO SESSION LOWS OF 2.47 PERCENT.

  • US TREASURY YIELDS EXTEND DROP AS ECB'S DRAGHI SPEAKS, 10- YEAR NOTE YIELDS FALL TO 1.87 PCT.

  • *Verizon, F5 Networks both lower after results. *Royal Bank of Canada to buy City National. NEW YORK, Jan 22- U.S. stock index futures pointed to modest gains at the open on Thursday after the European Central Bank announced expanded measures to stimulate the region's economy.

  • Jan 22- British mobile banking software maker Monitise Plc has put itself up for sale, blaming changes in its business model for its third revenue warning in a year. Monitise, which switched to a subscription model from one based on licences last year, said it had hired Moelis& Co to conduct an "all encompassing" strategic review that included "corporate...

  • LAGOS, Jan 22- Nigeria's naira recovered from record lows hit this week after the central bank increased forex trading limits and sold dollars to commercial lenders on Thursday, dealers said. Italy's Eni also sold $10 million to buy naira for its local operations, dealers said. "These policy reversals are not ideal for central bank credibility but are a step in the...

  • Agrium to pay more in dividend Thursday, 22 Jan 2015 | 9:02 AM ET

    Jan 22- Canadian fertilizer and farm retail dealer Agrium Inc said it would pay out 40-50 percent of its free cash flow as dividend, up from its earlier target of 25-35 percent. Agrium also said the Toronto Stock Exchange has accepted its plan to make a normal course issuer bid for up to 5 percent, or nearly 7.2 million, of the company's common shares over the next 12...

  • US TWO-YEAR TREASURY YIELDS FALL TO SESSION LOWS AT 0.503 PERCENT.

  • LONDON, Jan 22- The euro fell, European shares jumped and bond yields in Italy, Spain and Portugal fell on Thursday after European Central Bank President Mario Draghi announced a bond purchase programme of 60 billion euros a month. The euro sank by a full cent against the dollar to $1.1511, still above 11- year lows of less than $1.15 hit last week.

  • NEW YORK, Jan 7- The most financially challenging state of life is not retirement, it is early career. That's the time when your salary is still probably low, but you have the longest list of expenses: career clothes, cell phone bills, your first home furnishings, cars, weddings, rent- need I go on? You probably don't have enough money to pay for all of that at once, unless your...

  • FRANKFURT, Jan 22- European Central Bank President Mario Draghi said on Thursday euro zone consumer prices could continue to fall over the next couple of months before picking up slowly towards the end of the year. Euro zone consumer prices fell for the first time in more than five years in December after a significant drop in oil prices and policymakers are...