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  • NEW YORK, Jan 16- Foreigners bought long-term U.S. securities in November, with investors buying agency and corporate bonds, as well as equities. Data from the U.S. Treasury Department showed on Friday that net purchases of long-term U.S. assets were $33.5 billion in November, after outflows of $1.4 billion in October. But including short-dated assets such as...

  • LOS ANGELES, Jan 16- A body found on the grounds of a California desert resort hotel has been identified as that of a missing AIG executive who failed to turn up for meetings last week, the sheriff's office said on Friday. The Riverside County Sheriff's Department in a brief statement said the remains found in a small pond at the JW Marriott Desert Springs Resort& Spa...

  • NEW YORK, Jan 16- Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains. This month, the benchmark index fell five sessions in a row, from Jan. 8 through Jan. 15, shedding more than 3 percent in the process. Oil prices have fallen in half in recent months, trading below $50 a...

  • SAN FRANCISCO, Jan 16- The Federal Reserve is still on track for a potential mid-year interest-rate increase, a top Fed official said on Friday, citing strong U.S. economic momentum and a falling unemployment rate. "There is no need to rush to raise rates; at the same time we want to make sure that we appropriately act in a way that we don't get behind the curve," San...

  • NEW YORK, Jan 16- Retail foreign exchange broker FXCM Inc, reeling after customers lost more than $200 million from the surging Swiss franc, will get a $300 million loan from Leucadia National Corp to keep operating, the companies said in a statement Friday. "Leucadia`s support and this financing are by far the best alternative for FXCM, our customers, our...

  • WASHINGTON, Jan 16- Bangladesh must do more to support workers' rights and fight unfair labor practices before officials consider restoring U.S. trade benefits, the U.S. The United States revoked trade benefits for Bangladesh in mid-2013 after a garment factory collapse and a factory fire killed more than 1,200 people. Trade Representative Michael Froman...

  • GENEVA, Jan 16- Reaction to the Swiss National Bank's scrapping of its cap on the value of the Swiss franc has been overdone, the bank's President Thomas Jordan said in a newspaper interview on Friday. "We see significant excesses in current exchange rates," he told Le Temps and Neue Zuercher Zeitung, adding that the bank had been aware that its shock move could have a...

  • Jan 16- Leucadia National Corp will give $300 million to retail foreign exchange broker FXCM Inc to meet regulatory capital requirements, the two companies said on Friday. The move comes after FXCM lost $225 million due to the surging Swiss franc, caused by the scrapping of a three-year-old cap on the value of the franc against the euro by the Swiss National Bank...

  • NEW YORK, Jan 16- U.S. stocks bounced back after five sessions of losses on Friday, along with a sharp rebound in energy shares, following data that signaled the U.S. economy was on track for solid growth.

  • Jan 16- Pilots at Allegiant Air have voted overwhelmingly to authorize a strike after two years of contract talks, empowering their union to request U.S. government approval for a walkout, the union said in a release Friday. More than 98 percent of the 473 pilots who voted approved the strike, according to the Airline Professionals Association Teamsters Local...

  • In a stark sign of how a sudden, 60 percent drop in oil prices is biting, oil services giant Schlumberger Ltd on Thursday said it will reduce spending this year by 25 percent and fire 9,000 workers worldwide, surprising investors with the size of the cuts. "There is total chaos and uncertainty and it is impacting the whole ecosystem," said Aamer Sarfraz, chief...

  • TORONTO, Jan 16- Bombardier Inc's debt ratings have taken a hit after the planemaker suspended work on its newest Learjet and warned 2014 results would be weaker than forecast, with three major ratings agencies changing their stance on the manufacturer. Shares of Bombardier, which is pushing to bring its new CSeries jet into service in the second half of this...

  • *University of Michigan reports strong consumer sentiment. Another report from the University of Michigan spurred a second rally, due to consumer sentiment being at its highest level in more than a decade, thanks to low gasoline prices and job gains. "That Michigan number was significant," said John Kilduff, a partner at Again Capital LLC.

  • LIMA, Jan 16- Peru's central bank said on Friday the country's sharp economic slowdown over the past year had likely bottomed out in November with the weakest monthly growth in more than five years. The bank's chief economist, Adrian Armas, said growth in December would mark the start of a rebound and was "certainly" better than November's 0.31 percent...

  • NEW YORK/ LONDON, Jan 16- Gold rose to a four-month high on Friday and was set to increase 4.5 percent for the week, its biggest weekly gain since August 2013, as investors sought safety from volatility in wider markets after Switzerland unexpectedly abandoned a cap on the franc. Spot gold was up 1.3 percent at $1,277.16 an ounce at 2:27 p.m. EST, after touching a...

  • Jan 16- Citigroup Inc, the world's biggest currencies dealer, lost more than $150 million after the Swiss central bank decided to let the franc trade freely against the euro, Bloomberg reported. The losses took place on Citi's trading desks and are not tied to its relationships with currency trading services provider FXCM Inc and other retail trading platforms,...

  • The White House said the studies, by the U.S. space agency NASA and the National Oceanic and Atmospheric Administration, showed a need for action to reduce rising world emissions of greenhouse gases. The scientists said the record temperatures were spread around the globe, including most of Europe stretching into northern Africa, the western United States, far...

  • MOSCOW, Jan 16- Net capital outflows from Russia nearly tripled in 2014 to their highest level on record, central bank data showed on Friday, illustrating the impact of Western sanctions and the blow to investor confidence from slumping oil prices. Western sanctions imposed as a result of the crisis in Ukraine have severely limited the ability of Russian...

  • Jan 16- Michigan's general fund revenue will drop by $325 million in the current fiscal year due to triggered corporate tax breaks, state officials said on Friday. A consensus revenue estimate reached by Michigan's treasurer, budget director and heads of the House and Senate fiscal agencies projected fiscal 2015 general fund revenue at $9.5 billion, which is...

  • Jan 16- Two online payday lending companies linked to a professional racecar driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that they engaged in deceptive practices, the Federal Trade Commission said on Friday. The settlement with Kansas- based AMG Services Inc, which serviced the loans, and MNE Services Inc, which lent to...