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  • NEW DELHI, Jan 22- Tata Motors Ltd, India's top automaker by revenue, is looking to shake off its image as a taxi supplier by targeting younger customers with its new Bolt hatchback model. "For a long time Tata Motors has been selling to fleet customers, and selling to them is very different from selling to individuals and families," said Mayank Pareek, president of Tata...

  • Jan 22- Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, derailing a higher hostile offer from larger rival Dollar General Corp.. Reuters, citing people familiar with the matter, reported on Wednesday that Family Dollar's shareholders would likely support the Dollar Tree merger.

  • HAVANA, Jan 22- The United States and Cuba began historic discussions on restoring diplomatic relations on Thursday, aiming to reach agreement on the opening of embassies in each other's countries. Senior U.S. officials say they hope Cuba will agree to reopen embassies and appoint ambassadors in each other's capitals in coming months. The United States also...

  • Jan 22- Southwest Airlines Co on Thursday reported profit that beat analysts' expectations and projected significant savings from the cascading cost of fuel. Southwest projected its fuel costs for the first quarter to be about $1.90 per gallon, which it says would amount to half a billion dollars in savings year-over-year. "Their costs overall are coming in a...

  • CARACAS, Jan 22- Venezuelan bonds edged down on Thursday while opponents lampooned economic changes by President Nicolas Maduro that included a seeming devaluation of the currency and an imminent rise in domestic gasoline prices. Under pressure over the OPEC member's recession, product shortages and plunging oil revenues, Maduro has opted to keep a complex...

  • OPEC's Badri says oil won't fall to $20 - Bloomberg Thursday, 22 Jan 2015 | 9:45 AM ET

    LONDON, Jan 22- Oil prices will not fall to $20 or $25 a barrel, OPEC Secretary-General Abdullah al-Badri said in an interview with Bloomberg. "The price will not go to $20 or $25, I think the price will stay at where we are now," Badri said, Bloomberg reported. Producers outside the Organization of Petroleum Exporting Countries should be first to reduce their output to...

  • TEXT-ECB announces expanded asset purchase programme Thursday, 22 Jan 2015 | 9:36 AM ET

    FRANKFURT, Jan 22- Following is the text of an ECB press release issued after its policy meeting on Thursday:. The Governing Council of the European Central Bank today announced an expanded asset purchase programme. The Governing Council took this decision in a situation in which most indicators of actual and expected inflation in the euro area had drifted...

  • Family Dollar shareholders approve Dollar Tree deal Thursday, 22 Jan 2015 | 9:32 AM ET

    Jan 22- Family Dollar Stores Inc's shareholders approved the discount retailer's deal to be bought by Dollar Tree Inc, effectively putting Dollar General Corp out of the race to buy the company.

  • Jan 22- U.S. stocks rose at the open on Thursday after the European Central Bank announced expanded measures to stimulate the region's economy.

  • LONDON, Jan 22- Brent crude oil fell below $49 a barrel on Thursday after the European Central Bank said it would start buying government bonds, a move which could push the dollar to new highs and put downward pressure on commodities. Exceeding market expectations, ECB President Mario Draghi said the bank would buy 60 billion euro of government bonds a month until...

  • DETROIT, Jan 22- General Motors Co has invested $300 million to upgrade and heavily automate its Detroit- Hamtramck plant ahead of this year's launch of the 2016 Cadillac CT6 luxury sedan, a company executive said Thursday. The investment includes the construction of a new body shop equipped with 205 robots and designed to use such advanced manufacturing...

  • ECB's Draghi says large majority in favour of QE Thursday, 22 Jan 2015 | 9:28 AM ET

    FRANKFURT, Jan 22- European Central Bank President Mario Draghi said on Thursday there was a large majority on the bank's Governing Council in favour of launching a broad quantitative easing plan. Draghi said at a news conference following the ECB's monetary policy meeting that governing council members had been "unanimous in stating that the asset purchase...

  • US 10- YEAR NOTE YIELDS FALL TO 1.83 PCT, 30- YEAR BOND YIELDS DROP TO 2.43 PCT.

  • FRANKFURT, Jan 22- The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and...

  • 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...