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  • SHANGHAI, Jan 9- China stocks edged up on Friday and looked set to post modest gains over a volatile week, but investors were wary that a near-term correction may be looming after a sharp run-in in the last few weeks. "After yesterday's tumble, we are still seeing energy and banks backing down but the scope of the back down won't be that great," said Liu Jingde, an analyst...

  • JAKARTA, Jan 9- Indonesia has raised $4 billion in a U.S. dollar bond issue, taking advantage of the current low-yield environment and improving sentiment about the country and policies its new president is pursuing. With the improved terms on the new bonds, " Indonesia has to fork out a lower percentage than in a tough market," said Wellian Wiranto, an economist at...

  • Jan 8- Activist investor Nelson Peltz, one of DuPont's largest shareholders, stepped up his fight to break up the industrial conglomerate, as his Trian Fund nominated himself and three other members to the board. Trian Fund Management L.P., which Peltz heads, said on Thursday that investment funds it manages own 24.3 million DuPont shares worth about $1.8 billion.

  • China's yuan rises but strong dollar caps gains Thursday, 8 Jan 2015 | 9:52 PM ET

    HONG KONG, Jan 9- China's yuan edged higher against the dollar on Friday after the central bank fixed the daily midpoint slightly stronger, though data showing soft inflation pressures kept gains in check. China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signalling persistent weakness in the economy but giving...

  • MEXICO CITY, Jan 8- Mexican broadcaster Grupo Televisa on Thursday said it sold its 50 percent stake in cellphone company Iusacell back to its joint-venture partner Grupo Salinas, paving the way for U.S. phone giant AT&T Inc to acquire Mexico's No. 3 phone company. AT&T, which said in November it would buy all of Iusacell from Grupo Salinas, received regulatory...

  • Oil heads for 7th weekly loss as supply glut drags Thursday, 8 Jan 2015 | 9:41 PM ET

    *OPEC sticks to decision of no output cut- sources. *China annual consumer inflation remains near 5- year low. Brent crude had climbed 21 cents to $51.17 a barrel by 0203 GMT.

  • *Fast Retailing contributes hefty gains after strong 1 Q. TOKYO, Jan 9- Japanese stocks extended their gains into a third day on Friday morning after Wall Street rallied on growing confidence in the U.S. economy, while hopes of aggressive stimulus steps in Europe and a pause in sliding oil prices bolstered sentiment. Adding to the improving mood, index-heavy Fast...

  • SYDNEY, Jan 9- Momentum is building in Australia for electoral change that could see tiny single issue parties blamed for U.S.-style gridlock in the upper house senate squeezed out, clearing the way for budget reforms as the economy slows. "Business of course acknowledges that the senate has a very important function, but there is a real sense of frustration with...

  • *Dec CPI +1.5 pct y/y, +0.3 pct m/m. BEIJING, Jan 9- China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signaling persistent weakness in the economy but giving policymakers more room to ease policy to support growth. "Deflation this year is definitely a risk," said Minggao Shen, economist at Citi in Hongkong.

  • China December inflation signals persistent weakness Thursday, 8 Jan 2015 | 9:13 PM ET

    China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signalling persistent weakness in the economy.

  • LOS ANGELES, Jan 8- As chefs in California hurried to stock their kitchens with newly legal foie gras, animal rights activists on Thursday protested a federal judge's decision overturning the state's two-year ban on sales of the fatty liver of ducks and geese. Chefs said they were scrambling to line up shipments from outside California while activists...

  • Jan 8- The drop in oil prices is putting money in consumers' pockets and is "a good thing, basically" for the U.S. economy, Minneapolis Fed President Narayana Kocherlakota said at a town hall at his bank's headquarters. At the same time, he said, the oil price decline will put downward pressure on drilling and on production in North Dakota, where the local economy has been...

  • NEW YORK, Jan 8- Sue Ann Arnall, the ex-wife of Oklahoma oil magnate Harold Hamm, has deposited a handwritten $975 million divorce check, Hamm's lawyer said on Thursday, in a move that may end an epic divorce battle over a fortune worth billions. In the November ruling by an Oklahoma County Court judge, Hamm, the chief executive of Continental Resources was allowed to...

  • MELBOURNE, Jan 9- London copper rose a touch on Friday, but remained near 4-1/ 2 year lows and was set to chalk up a fourth weekly loss on ongoing worries about demand from top consumer China and fragile growth in Europe. *LME copper prices hit a 4-1/ 2 year trough at $6,091.50 a tonne on Wednesday and analysts and traders say they expect prices to slide through the $6,000...

  • Jan 8- U.S. core inflation needs to rise sharply toward 2 percent, wages need to rise faster, and market-based measures of inflation expectations need to improve before the Federal Reserve raises rates, a top Fed official said on Thursday. So far, however, core inflation shows no sign of moving up, wage growth has improved only slightly, and market-based inflation...

  • China Dec consumer inflation 1.5 pct, as expected Thursday, 8 Jan 2015 | 8:36 PM ET

    BEIJING, Jan 9- China's annual consumer inflation hovered at a near five-year low of 1.5 percent in December, signalling persistent weakness in the economy but giving policymakers more room to ease policy to support growth. Analysts polled by Reuters had expected annual consumer inflation to be 1.5 percent in December, compared with 1.4 percent in November.

  • LOS ANGELES, Jan 8- Sony Pictures Entertainment Chief Executive Michael Lynton said on Thursday the costs from the devastating cyberattack on the Hollywood studio will be completely covered by insurance and will not lead to further cost-cutting. The attack targeting the entertainment arm of Sony Corp. is nevertheless believed to be the most destructive...

  • Jan 8- Executives at Vanguard Group, the No. 1 U.S. mutual fund company, said on Thursday deflation is a real risk for the global economy while downplaying inflation concerns for the United States. 'Vanguard Chief Investment Officer Tim Buckley said during a live webcast. "Once you're in the cycle, it very difficult to get out," Vanguard Chairman William McNabb added.

  • WASHINGTON, Jan 8- The New York Federal Reserve Bank sharply criticized an internal probe carried out by the Fed's inspector general on the handling of J.P. Morgan's "London Whale" case, according to a full version of the probe released on Thursday. The New York Fed said the inspector general was wrong to criticize examiners for failing to prioritize exams of J.P....

  • KOCHERLAKOTA: FED SHOULD HAVE ADDED MORE STIMULUS LAST YEAR TO BOOST INFLATION, EMPLOYMENT.