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  • LONDON, Feb 5- Saudi Arabia beat Britain to become the world's fourth largest defence spender in 2013, a report said on Wednesday, as Western cuts and Asian and Middle Eastern growth shift the global balance of military power. Overall global defence spending probably fell marginally in 2013, it said, but increased dramatically in Asia and the Middle East.

  • HEATING OIL FUTURES EXTEND GAINS AFTER EIA DATA REPORTS LARGER-THAN-EXPECTED DISTILLATES DRAW.

  • The Bank of Tetris? Finance gets video-game revamp Wednesday, 5 Feb 2014 | 10:32 AM ET

    *Start-ups, lenders try to make banking more like a game. *Nine percent of banks try' gamification'- industry body. PARIS, Feb 5- Imagine if getting a bank loan was like playing a computer game: as you performed special moves, completed levels and racked up points, your credit profile improved and your cost of borrowing dropped.

  • Labour groups including the transportation sector of AFL-CIO and the Air Line Pilots Association International argued that the plans are intended to take advantage of regulatory loopholes and leave safety oversight in doubt.

  • EU eyes "radical" steps against cheap Chinese imports Wednesday, 5 Feb 2014 | 10:28 AM ET

    *European firms say China benefits from credits, subsidies. BRUSSELS, Feb 5- The European Parliament pressed the EU's trade chief on Wednesday to build stronger defences against cheap imports from China, saying the European Union needed broad new powers to stand up to the world's second-largest economy.

  • UPDATE 1-3D Systems warns of profit; sector stocks slide Wednesday, 5 Feb 2014 | 10:20 AM ET

    Feb 5- 3 D Systems Corp, the largest listed 3 D printer maker, cut its fourth-quarter profit estimate, hurt by falling demand for consumer printers and printed parts. 3 D Systems said it now expected adjusted profit of 83 to 87 cents per share in the fourth quarter of fiscal 2013..

  • NEW YORK, Feb 5- While many are scrambling to deal with the fallout from the global slide in stocks, portfolio manager Timothy Drinkall at Morgan Stanley's Frontier Emerging Markets Fund is finding himself relatively unscathed.

  • PRECIOUS-Gold firms as investors mull mixed U.S. data Wednesday, 5 Feb 2014 | 10:18 AM ET

    ISM index highest since November 2010. LONDON, Feb 5- Gold firmed on Wednesday, but failed to hold earlier gains of around 1.5 percent as mixed U.S. data left investors uncertain over the pace of recovery in the world's largest economy.

  • TORONTO, Feb 5- TMX Group Ltd, the owner of Canada's main stock exchange, on Wednesday reported a fourth-quarter profit well above analysts' estimates as trading activity showed early signs of recovery.

  • WHITE HOUSE SAYS ITS POSITION ON PUERTO RICO HAS NOT CHANGED, IS STILL NOT CONSIDERING A BAILOUT AT THIS TIME.

  • TORONTO, Feb 5- Canadian National Railway Co said on Wednesday that the union representing roughly 3,000 of its train conductors and yard operation workers in Canada has given the company notice of its intention to strike as early as Saturday.

  • NEW YORK, Feb 5- The vast U.S. services sector rebounded in January after two months of slower growth and firms added workers at the fastest clip in more than three years, according to an industry report released on Wednesday. The Institute for Supply Management said its services index rose to 54 last month from 53 in December.

  • US TREASURIES YIELDS HIT SESSION HIGHS AFTER DATA, 10- YEAR NOTE YIELDS RISE TO 2.65 PERCENT.

  • LONDON, Feb 5- The global head of foreign exchange at Citigroup, the world's second largest currency trader, is leaving the bank, according to an internal bank memo seen by Reuters on Wednesday.

  • LONDON/ NEW YORK, Feb 5- The yen rose on Wednesday towards recent two-month highs against the dollar and euro as stock markets struggled on nagging worries about emerging markets and global economic growth, forcing investors to seek safe-haven currencies.

  • *Prices fall as ADP close to expectations. NEW YORK, Feb 5- U.S. "I think that most participants are looking for a stronger number, mainly so they can buy at higher yields," said Thomas di Galoma, co-head of fixed-income rates at ED&F Man Capital in New York.

  • Feb 5- Shares of Continental Building Products Inc, controlled by private equity firm Lone Star Funds, rose as much as 11 percent in their market debut, valuing the company at about $682 million. The Reston, Virginia- based company's shares opened at $14.66 and touched a high of $15.48 on the New York Stock Exchange on Wednesday.

  • BRUSSELS/ LONDON, Feb 5- Members of the European Parliament on Wednesday voted in favour of three climate and energy targets for 2030, rebuffing a Commission plan for just one fully binding goal.

  • NEW YORK, Feb 5- Pimco's Bill Gross, manager of the world's largest bond fund, said on Wednesday that the lower U.S. government deficit is slowing credit growth, a phenomenon that could hurt economic growth and risk assets.

  • 3D Systems cuts quarterly profit forecast, shares fall Wednesday, 5 Feb 2014 | 9:36 AM ET

    Feb 5- 3 D Systems Corp estimated its fourth-quarter adjusted profit below its expectations, hurt by softer demand for printed parts and for its consumer printers, sending its shares tumbling 25 percent. The largest listed 3 D printer company now expects adjusted profit of 83 to 87 cents per share in the fourth quarter of fiscal 2013..