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  • LOS ANGELES— The powerful agency that manages development on California's coastline fired its executive Wednesday after a lengthy and, at times, emotionally charged meeting that veered from accusations about the influence of developers and lobbyists to discussions on the mundane inner workings of government. The California Coastal Commission voted 7-5...

  • SINGAPORE, Feb 11- A private banker, caught up in Singapore's money laundering probe linked to 1 Malaysia Development Bhd, was a key link between the embattled state investor, a Swiss private bank and a Malaysian businessman connected to the troubled fund. Yak was not personally at the Singapore High Court on Friday, when he sought to unfreeze his Singapore funds...

  • So it made perfect sense to him to bring a convention meshing technology with pop culture to Silicon Valley. A sold-out crowd of about 30,000 engineers, entrepreneurs and pop-culture connoisseurs is expected to swarm into the Silicon Valley event. The marquee attractions on the entertainment side include William Shatner from the original "Star Trek" and "Back...

  • WASHINGTON— What's likely keeping Janet Yellen up at night? Everything from market volatility to weak overseas growth to a high-priced dollar that's made U.S. exports pricier and imports cheaper, judging from the Fed chair's testimony Wednesday to Congress. In her semiannual report to Congress, Yellen spent most of her time discussing the risks to the U.S....

  • The company has set aside a "multi-million dollar investment" to start funding ideas that have the "right strategic fit," Bonny Simi, the president of the unit, told Reuters on Wednesday. The unit, JetBlue Technology Ventures, will operate from the GSVlabs campus in Redwood City, California. Simi, who is also a JetBlue pilot, will report to Eash Sundaram, the company's...

  • "The traditional structure of Fashion Week, particularly in New York, has been shifting for the past few seasons," said Alexandra Ilyashov, a fashion editor at the lifestyle website Refinery29. More than 230,000 people attend the New York events in February to see the designs for the coming fall and in September, for spring fashion. In recent years, the fashion shows,...

  • LONDON, Feb 11- Buying by central banks as well as Chinese investors seeking protection from a weakening currency helped lift demand for gold in the final quarter of last year and the trend looks set to continue, the World Gold Council said on Thursday. China remained the world's biggest consumer of gold last year, ahead of India, with economic headwinds...

  • *China- related counters fall most. HONG KONG, Feb 11- Hong Kong's stocks are set for their biggest daily drop in six months on Thursday, as worries about the health of the global economy, particularly China, sparked a sell-off in financials and energy shares. The China- enterprises index fell 5 percent, its worst single-day performance since Aug. 24, 2015 and was the...

  • SINGAPORE, Feb 11- Chicago corn futures slid for a seventh consecutive session on Thursday with the market trading near its lowest since January 15, weighed down by slowing U.S. demand for corn-based ethanol and ample global supplies. Chicago Board Of Trade most-active corn contract fell 0.1 percent to $3.60 a bushel by 0254 GMT, having closed down 0.2 percent in...

  • LAUNCESTON, Australia, Feb 11-- When is a bull market not a bull market? The Dec. 11 trough of $37 a tonne was actually the lowest recorded since spot assessments began in late 2008.. The close on Wednesday of $44.50 means iron ore is a mere $7.50 away from the all-time low, with the modest gains in absolute terms providing context to the more impressive percentage rise.

  • *Japan& China shut for public holidays. SINGAPORE/ SYDNEY, Feb 11- The dollar hit a 15- month low against the yen on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. "The idea that you will be okay if you buy the dollar since the United States alone will be...

  • *Inventories at Cushing delivery point hit record highs. SINGAPORE, Feb 11- Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the year. Inventories at the Cushing, Oklahoma...

  • SINGAPORE, Feb 11- Gold surged to its highest in 8-1/ 2 months on Thursday as investors bet that the Federal Reserve could find it hard to hike U.S. interest rates this year, while safe-haven demand amid a tumble in equities and the dollar also boosted the metal. Spot gold jumped to an intra-day high of $1,213 an ounce, its highest since May 22, before paring gains to...

  • MEXICO CITY— Four families have sued global bank HSBC in federal court in Texas alleging that the bank permitted Mexican drug cartels to launder money and thereby provided material support to terrorists. Among the people represented are Jaime Zapata and Victor Avila, agents for U.S. Immigration and Customs Enforcement. HSBC did not immediately respond to a...

  • *Hong Kong shares lead Asia equity markets lower. "In some ways it is reminiscent of 2008 with tightening credit markets, bank shares under pressure and worries central banks are powerless," said Shane Oliver, head of investment strategy at AMP Capital, though he suspects markets are being overly pessimistic this time. The flight from risk told on Asian shares, with...

  • SAN FRANCISCO, Feb 10- Since returning to Twitter Inc in July, Chief Executive, Jack Dorsey has made a handful of dramatic changes to the micro-blogging service- and promised more. But the new features so far have been unsuccessful at doing the one thing Wall Street wants most: getting more people to use the service. "They've been a public company long enough where...

  • SYDNEY, Feb 11- U.S. corn fell for a seventh consecutive session on Thursday to linger near a one-month low as prices came under sustained pressure from ample global supplies and moves by Russia to ban U.S. imports. *USDA said on Tuesday that global wheat supplies would reach record levels this year due to falling consumption in China and India.

  • NEW YORK, Feb 10- Investment firm EIG Pacific Holdings Ltd said on Wednesday it had extended the deadline and changed some terms for its offer to buy nearly all the debt of Colombia's largest private oil producer, Pacific Exploration& Production Corp.. The deadline for the offer for Pacific's $4.1 billion in debt has been extended until March 24 from Feb. 10.

  • *Three-month copper on the London Metal Exchange rose by 0.6 percent to $4,470.50 a tonne by 0111 GMT, following 1.4 percent losses in the previous session when prices plumbed the weakest since Jan. 26 at $4,430 a tonne. *The Shanghai Futures Exchange was closed for a fourth session due to its Lunar New Year holidays. *China will do more to ease yuan convertibility in...

  • International benchmark Brent crude futures were trading at $60.62 per barrel at 0117 GMT, down 22 cents. West Texas Intermediate crude futures were at $26.96 per barrel, down 49 cents and within a dollar of the $26.19 a barrel 2003 low from January. Inventories at the Cushing, Oklahoma delivery point for U.S. crude futures rose to an all-time high just shy of 65...