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  • The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency cut its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day following a five-year high of 1.6 million in 2015,...

  • LONDON, Feb 9- The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe's banking sector underpinned demand for safe-haven currencies. Europe's banking index fell 1.3 percent and yields on southern European government bonds rose, keeping gains in the euro limited.

  • LONDON, Feb 9- Emerging market stocks and oil-linked currencies fell on Tuesday, though for once the decline seemed to be the consequence rather than the cause of a sharp sell-off in the world's most developed markets. Stocks in Warsaw, which have bounced only half the 12 percent the rest of eastern Europe has gained since mid-January due to concerns over its new...

  • The selling pressure across Europe's stock markets has intensified, with worries over the health of the region's banks at the forefront of investor concerns. Having shown some resilience at the open despite the earlier 5.4 percent slide in Japan's main index, European markets were decidedly lower in afternoon trading. Michael Hewson, chief market analyst at...

  • LONDON, Feb 9- The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe's banks stoked demand for safe-haven currencies. Europe's banking index fell 1 percent and yields on southern European government bonds rose, pushing the euro lower against the dollar to $1.1185.

  • Longchamp's performance comes as sales growth has slowed in the luxury goods sector, hit by weaker demand in China and low oil prices reducing Russia and Middle Eastern purchasing power. Longchamp, which opened three stores in mainland China bringing the total number to 25, said sales there had risen 30 percent at constant currencies, a growth level...

  • *Thin liquidity in Asia with China on week-long holiday. MANILA, Feb 9- Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.. Tuesday would mark gold's eighth straight day of gains as investors sought safe havens in the face of...

  • *Nikkei flirting with lowest level since Oct 2014. *Strong yen triggers worries about Japan Inc's earnings. TOKYO, Feb 9- Japan's Nikkei share average posted its biggest daily drop in nearly three years on Tuesday, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.

  • SYDNEY, Feb 9- Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe-haven assets. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2 percent, with Australian shares hitting 2-1/ 2- year closing low, and would have been lower if not for...

  • TOKYO, Feb 9- The yield on Japan's benchmark 10- year government bond turned negative for the first time on Tuesday as Tokyo's Nikkei stock index tumbled, boosting investor demand for safe-haven debt. Demand for 10- year JGBs, which now offer sub-zero rates through 10 years into the yield curve, received a fresh boost on Tuesday when the latest bout of global risk...

  • TOKYO, Feb 9- S&P 500 e-mini futures fell more than 1 percent on Tuesday as a global equity selloff intensified. On Monday, the S&P 500 fell 1.42 percent in U.S. trading. The selloff spread to Asia on Tuesday, pressuring stocks and lifting bonds and gold.

  • *Most of Asia still shut for Lunar New Year holidays. TOKYO/ SYDNEY, Feb 9- The dollar briefly crashed through the 115- yen level to its lowest since November 2014 on Tuesday, as a sell-off in European and U.S. stocks continued into the Asian session and stoked demand for the perceived safe-haven Japanese currency. "What a panic situation," said Kaneo Ogino, director at...

  • TOKYO, Feb 9- The benchmark 10- year Japanese government bond yield hit zero percent Tuesday for the first time on record as tumble in Tokyo shares boosted demand for safe-haven debt. Traders reckon that it is a matter of time before the 10- year JGB yield falls into the negative with the Bank of Japan having adopted negative interest rates late last month.

  • Comptroller of the Currency Thomas Curry speaks at luncheon before the 2016 National Interagency Community Reinvestment Conference, "Pathways to Economic Opportunity," sponsored by the Federal Reserve Bank of San Francisco, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency and the Community Development Financial Institutions...

  • Brent futures fell 68 cents to $33.38 a barrel, a 2 percent loss, by 10:36 a.m. EST, paring a fall of as much as 3.3 percent earlier in the session. "With the possibility of a production cutting deal quickly fading into the sunset, market participants are once again left to focus on the reality of the oversupplied global market," Energy Management Institute analyst...

  • *Banks help drive Europe shares to 16- month low. Some U.S. bank shares traded sharply lower in Frankfurt. "The fundamental picture is clearly softening," said Owen Callan, senior analyst at Cantor Fitzgerald.

  • LONDON, Feb 8- European shares plunged to 16- month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China's foreign reserves fell for a third straight month in January, as dollars were dumped to defend the yuan and...

  • *Focus shifting to Fed testimony, IEA, EIA and OPEC data. LONDON, Feb 8- Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices. Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between members of the Organization of the...

  • *Lunar New Year closes most markets, with China off all week. TOKYO, Feb 8- Asian shares pared losses on Monday as a weaker yen helped Japan's Nikkei snap a four-day losing streak, but trade was thin with many regional markets closed for the Lunar New Year holiday. Financial spreadbetters predicted Britain's FTSE 100 to open around 0.6 percent higher, and Germany's...

  • TOKYO— Asian stock markets crept higher Monday in thin holiday trading, with gains kept in check as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 1.1 percent to 17,004.30 while Australia's S&P/ASX 200 was flat at 4,975.40. Markets were closed in...