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  • SINGAPORE, Jan 13- Gold lost more ground on Wednesday as a rebound in U.S. and European equity markets reduced some of the precious metal's safe haven appeal with additional pressure from a strengthening greenback. *Spot gold slid 0.3 percent to $1,086.9 an ounce by 0011 GMT and U.S. gold futures gained 0.1 percent to $1,086.7. *Among other precious metals,...

  • The business sells life insurance and other financial products across the United States, generating at least one fifth of MetLife earnings. Last January, the insurer asked a U.S. District Court to throw out the designation. MetLife's Chief Executive Steven Kandarian said in a statement on Tuesday the lagging retail section "risks higher capital requirements...

  • NEW YORK, Jan 12- Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital and was prescient in his call for lower oil prices in 2015, said on Tuesday that oil hit a short-term bottom and that stock and credit markets will struggle during the first half of the year. As oil prices per barrel flirted with the $30- mark on Tuesday, Gundlach told Reuters: "...

  • Jan 12- A late rebound in energy and biotech shares helped push the S&P 500 to a second straight day of gains on Tuesday, while Apple and other technology shares also boosted the market. Crude oil prices ended lower after another roller-coaster session, but the S&P 500 energy index reversed course to end up 0.4 percent, while shares of Exxon Mobil jumped 2 percent to...

  • HOUSTON, Jan 12- Hopes for a recovery in oil prices evaporated further on Tuesday as long-dated futures contracts fell even more to show oil will stay stuck below $50 a barrel until 2022.. The December 2017 West Texas Intermediate futures contract slid by more than 3 percent, or $1.29 a barrel on Tuesday, to settle at $42.20 a barrel, while the December 2018 contract...

  • NEW YORK, Jan 12- U.S. and European stock investors bought beaten-down shares on Tuesday, at least temporarily looking past another steep drop in oil prices that briefly sent U.S. crude below $30 a barrel. Volatile Chinese markets and the deepening oil slide have shaken sentiment in equities at the start of 2016. China stocks closed higher on Tuesday as the...

  • *Oil trades below $30 a barrel for first time in 12 years. Oil prices briefly fell below $30 a barrel for the first time in 12 years, keeping investors away from risky assets and stoking concerns that a slowdown in China could damage the global economy. "There's been a big flight to safety and continued instability in stock markets and oil is reinforcing the Treasury...

  • The index was last up 0.2 percent, while shares of Exxon Mobil were up 1.6 percent at $74.88 and Chevron was up 1 percent at $81.61. "We managed to successfully close above it and that's bringing in some buying... from a very oversold condition," said Peter Cardillo, chief market economist at First Standard Financial in New York. Apple was up 1.2 percent at $99.75, while...

  • Jan 12- U.S. stocks were flat in afternoon trading on Tuesday, after an early rally was wiped out as crude oil prices once again held the markets hostage. Earlier gains were erased as they retreated towards $30 per barrel, piling the pressure on already beleaguered energy companies and casting a pall on other sectors as well. Still, the S&P 500 held above the key 1900...

  • *Oil flirts with break below $30. Major U.S. stock indexes initially rose in morning trading, building off of Monday's late-session rallies after historically poor starts to 2016, but a Wall Street rally faltered by midday as crude prices approached the $30 per barrel mark. Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia,...

  • Jan 12- Wall Street pared back early gains on Tuesday as oil prices reversed course, but gains in Apple and healthcare stocks provided support. Crude prices retreated back towards $30 per barrel, which led to a 0.75 percent drop in the energy sector, making them the worst performing among the 10 major S&P sectors. "We're seeing a bounce here and the reason for that is,...

  • Treasury to sell $24 billion of three-year notes. Treasury prices rose on Tuesday in choppy trading as oil prices resumed their decline and ahead of a Treasury sale of $24 billion of three-year notes, increasing appetite for safe-haven U.S. government debt. "Crude is essentially flat for the first time this year with gasoline up almost 1.5 percent, but...

  • Crude prices flirted with a break below $30 per barrel, before recovering slightly as investors booked profits. "The market is still very much in gripped by the plunge in oil prices and this morning we're seeing a slightly little better tone to oil prices," said Peter Cardillo, chief market economist at First Standard Financial in New York. Apple was up 1.5 percent...

  • Crude prices flirted with a break below $30 per barrel, before recovering slightly as investors booked profits. "The market is still very much in gripped by the plunge in oil prices and this morning we're seeing a slightly little better tone to oil prices," said Peter Cardillo, chief market economist at First Standard Financial in New York. U.S. stocks have opened...

  • LONDON, Jan 12- Gold fell for a third straight session on Tuesday as the dollar strengthened against a currency basket, and as a rebound in European stock markets undermined the metal's appeal as a haven from risk. Spot gold was down 0.5 percent at $1,088.10 an ounce at 1251 GMT, while U.S. gold futures for February delivery were down $8.20 an ounce at $1,088.00.

  • LONDON, Jan 12- Gold steadied on Tuesday after two days of losses, but remained under pressure as the dollar edged higher against a currency basket and a firmer tone to stock markets undermined the metal's appeal as a haven from risk. Spot gold was at $1,094.20 an ounce at 1031 GMT, little changed from late on Monday, while U.S. gold futures for February delivery were...

  • *China's central bank fixes yuan firm for third session. SHANGHAI, Jan 12- China set another firm fix for its currency on Tuesday and stepped up a verbal campaign, backed by what dealers said was aggressive buying, to convince skeptical investors that they were in control of events. China's equity markets, which tumbled 10 percent last week and a further 5 percent on...

  • SINGAPORE, Jan 12- Spot gold edged higher on Tuesday, snapping two sessions of decline, as concerns over China's economic growth and pressure on stock markets lifted the precious metal. *China's main stock indexes each dropped more than 5 percent on Monday. *The chaotic moves have led to worries China's economy may be in for tough time rather than stabilising as...

  • *Freeport drops; China worries weigh on materials shares. Stocks had their worst five-day start to a year ever following mounting investor concerns about declining oil prices and a China- led slowdown in global growth. "The fact that we didn't see kind of another washout today kind of emboldened some of investors to think that perhaps, at least on a short-term...

  • *Treasury to sell $112 billion of supply this week. The drop was driven by China's blue-chip stocks falling by another 5 percent and overnight interest rates for the yuan outside of China soared to nearly 40 percent, their highest since the launch of the offshore market. "The down trade in oil spilled over to equities and has given the safe haven market a bit of a...