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  • VANCOUVER, Feb 10- When Liu Chuang landed in Vancouver in 2013, he noticed that most of the Chinese immigrants he met were heavily invested in residential real estate and hungry to diversify. Flipping houses didn't appeal to the 39- year-old entrepreneur, who is launching a Vancouver- based tech incubator to help his Chinese-born friends invest in local...

  • *S&P cuts Saudi outlook, Bahrain and Oman ratings. Taken together, S&P's actions were the biggest move by a rating agency in the Gulf since the price of Brent crude plunged below $60 a barrel in December, from $115 last June. It lowered the ratings of the two financially weakest states in the Gulf Cooperation Council by one notch- Bahrain fell to "BBB-/A-3," and Oman to "...

  • LONDON, Feb 10- Copper fell on Tuesday as worries over China's economic growth resurfaced and fears over Greece's euro zone membership continue to simmer, though losses were limited by news of supply disruptions. China's annual consumer inflation hit a five-year low in January, underscoring persistent weakness in the economy after the country's trade...

  • G20-Russia to ratify agreement on BRICS bank by March Tuesday, 10 Feb 2015 | 5:55 AM ET

    ISTANBUL, Feb 10- Russia is set to ratify an agreement on the creation of a bank for the BRICS bloc of large emerging economies this month or in March, the country's finance minister said. Finance Minister Anton Siluanov said Russia was running ahead of the other BRICS nations. The group has struggled to take coordinated action after an exodus of capital from...

  • *Concerns over Greece, Ukraine weigh on risk appetite. LONDON, Feb 10- Gold dipped on Tuesday as dollar strength offset the supportive impact of concerns over Greece's future in the euro zone and fears over escalating conflict in Ukraine, which hurt risk appetite and weighed on stock markets. Those concerns are now reasserting themselves, with nervousness over...

  • ISTANBUL, Feb 10- The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth. The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies running at...

  • *Greek debt worries, Ukraine conflict sap risk appetite. LONDON, Feb 10- Nerves over Greece's future in the euro and the conflict in Ukraine dragged on European markets on Tuesday, while bets on the likelihood of a U.S. interest rate hike nudged the dollar higher and oil prices held steady after a rebound. European stocks fell 0.3 percent and the euro slipped towards...

  • SAN FRANCISCO/ BEIJING, Feb 10- Even after agreeing to pay a record near- $1 billion fine in China for antitrust violations, U.S. chipmaker Qualcomm Inc faces big challenges in its most important market. As low-cost, low-margin Chinese smartphone manufacturers such as Xiaomi Inc and Huawei Technologies push into other developing markets, they are driving down...

  • BEIJING, Feb 10- China's central bank said on Tuesday that it will fine-tune policy to help head off an economic slowdown but avoid over-stimulating the economy. In its fourth-quarter monetary policy implementation report, the People's Bank of China said it would use both quantitative and pricing tools to keep liquidity levels appropriate and to maintain...

  • Belarus inflation in Jan at 2.4 pct m/m Tuesday, 10 Feb 2015 | 5:14 AM ET

    MINSK, Feb 10- Inflation in Belarus accelerated to 2.4 percent in January from 0.6 percent in December, month-on-month, the country's Statistics Service said on Tuesday, quoting preliminary data.

  • SHANGHAI/ BEIJING, Feb 10- Alibaba Group Holding Ltd must pay more attention to product quality and step up the fight against fake goods sold online, China's product quality watchdog chief told company executive chairman Jack Ma, according to a statement on Tuesday. The comments follow a flap last month when the issue of fakes and other illegal business on...

  • TOKYO, Feb 10- Canon Inc plans to buy network video surveillance leader Axis AB for about 23.6 billion Swedish crowns, the biggest purchase ever for the Japanese company that is trying to expand beyond the shrinking camera market. At 1008 GMT, shares of Axis were up 48 percent at 336.70 crowns. The deal will make Canon a top player in the video surveillance market,...

  • ISTANBUL, Feb 10- Russia's central bank will base its monetary policy on an average oil price of $50 a barrel in its baseline scenario, the bank's First Deputy Governor Ksenia Yudayeva told journalists in Istanbul on Tuesday.

  • Greek markets recover ahead of euro zone meeting Tuesday, 10 Feb 2015 | 5:04 AM ET

    LONDON, Feb 10- Greek bonds and stocks rebounded on Tuesday ahead of an emergency meeting of euro zone finance ministers that some hope could be the first step to finding an agreement to ease the standoff between Greece and its lenders. Finance Minister Yanis Varoufakis makes his debut meeting with euro zone peers on Wednesday when he will outline Athens'...

  • SEOUL, Feb 10- South Korea's new law compelling big companies to part with "excess" cash or be taxed on it is prompting traditionally tight-fisted Korea Inc to boost dividend payouts. Last year, South Korea announced plans to tax excessive corporate cash, a move aimed at getting companies to spend more on dividends, wages and investment. Big companies such as...

  • LONDON, Feb 10- Global health charity Medecins du Monde launched a legal challenge on Tuesday to a European patent held by U.S. drugmaker Gilead Sciences Inc which it accused of charging "exorbitant" prices for a hepatitis C drug. According to World Health Organization data, as many as 150 million people worldwide live with chronic hepatitis C infection, most of...

  • LONDON, Feb 10- Brent crude fell below $58 a barrel on Tuesday after the International Energy Agency warned that oil prices may decline as stocks continue to increase this year. Oil stocks held by countries in the Organization for Economic Cooperation and Development may come close to the all-time high of 2.83 billion barrels in the middle of 2015, said the IEA,...

  • Weaker oil stocks hit European equities, UBS drops Tuesday, 10 Feb 2015 | 4:44 AM ET

    LONDON, Feb 10- European shares fell for a second day on Tuesday, with energy stocks hurt most after crude prices slid again on concerns about oil demand in China. "It's difficult to see a big recovery in oil prices in the near term as the upside is limited in the current environment because of the huge supply glut," Peter Dixon, equity strategist at Commerzbank, said,...

  • ISTANBUL, Feb 10- Regulatory and financial reforms have helped diminish the risk Greece may pose to the euro zone, Canada's finance minister said on Tuesday, amidst growing concern about Athens' determination to ease austerity measures. "The United States is doing well, the UK, Canada, Australia, but generally global growth is disappointing, and there are some...

  • JOHANNESBURG, Feb 10- South Africa's Kumba Iron Ore plans to cut jobs, production costs and capital spending to cope with expected weak prices of the commodity this year, it said on Tuesday, after reporting a fall in 2014 earnings. The Anglo American subsidiary, whose shares fell around 3 percent in early trading, said crude steel production was forecast to recover...