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  • *White House rejects preliminary trade talks with China- FT. All three major U.S. stock indexes extended their losses after the Financial Times reported the Trump administration rejected an offer from China for preparatory talks ahead of next week's high-level trade negotiations. The International Monetary Fund trimmed its 2019 global economic growth...

  • As of 12:48 p.m. CST, Chicago Board of Trade March soybean futures were down 9-3/ 4 cents at $9.07 a bushel after dipping to $8.99-1/ 2, breaking below chart support at the contract's 50- day moving average near $9.06. "Wheat remains positive as Black Sea supplies tighten amid talk of managing shipments, and amid rumors of Chinese interest in 3 to 7 million metric...

  • EDINBURGH, Jan 22- Leaving the EU in March without a deal would pose risks to Scotch whiskys current healthy rates of export growth, the Scotch Whisky Association said on Tuesday. It said no-deal would add cost and complexity to UK/ EU trade and would mean the loss of trade benefits worth 50 million pounds annually in tariffs. A no-deal Brexit could necessitate at...

  • SAO PAULO, Jan 22- General Motors Co's Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after it said in a memo to workers that it was losing money in Brazil. A representative for the state government said in a statement on Tuesday that it has "...

  • MADRID, Jan 22- Spain's Telefonica is negotiating the sale of its relatively small Central American operation in a move that should allow the company to focus on core regions and reduce its large debt, it said on Tuesday. A potential deal, on which no agreement has been reached so far, could encompass all or some of the company's assets in the region, which groups...

  • *Saudi Arabia crude exports rise to 8.2 mln bpd in Nov. *Russia's Novak will not attend Davos- energy ministry. HOUSTON, Jan 22- Oil prices fell 3 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised.

  • *Elliott urges to separate StubHub, Classifieds Group from core marketplace. *Says company could be valued at 7/ 8$ 55- $63/ shr in 2020. In a letter to the company's board, Elliott asked eBay to hive off its StubHub ticket sales business and eBay Classifieds Group as part of a plan the hedge fund says could double the company's value.

  • WASHINGTON, Jan 22- U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors on Tuesday was the latest indication of slowing economic growth. A survey last Friday showed consumer...

  • WASHINGTON, Jan 22- President Donald Trump on Tuesday attempted to move ahead with planning for a State of the Union speech to the U.S. Congress on Jan. 29 despite pressure from Democrats to delay it due to the government shutdown, as his immigration proposal suffered a blow from the U.S. Supreme Court. Trump's proposal on Saturday to relax his immigration policies...

  • Jan 22- Alphabet Inc's Waymo self-driving vehicle unit said on Tuesday it plans to build a plant in Michigan to transform vehicles into autonomous cars for Waymo's ride services business. Waymo has proposed private investments of $13.6 million to build a facility in southeast Michigan and create more than 100 jobs, potentially up to 400 jobs, the Michigan...

  • Jan 22- Johnson& Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company's metal-on-metal hip implants. Under Tuesday's settlement agreement, DePuy is required to maintain a post-market surveillance program and update procedures to track complaints over the hip...

  • LONDON, Jan 22- Leaving the EU in March without a deal would pose risks to Scotch whiskys current healthy rates of export growth, the Scotch Whisky Association said on Tuesday. It said no-deal would add cost and complexity to UK/ EU trade and would mean the loss of trade benefits worth 50 million pounds annually in tariffs. Scotch whisky is Britain's biggest food and...

  • DAVOS, Switzerland, Jan 22- Zimbabwe's finance minister painted an optimistic outlook for his country on Tuesday, despite protests over fuel prices that human rights groups say have left at least a dozen people dead. Zimbabwe is the best buy in Africa right now, he said in an interview at the World Economic Forum in Davos. Zimbabwe is facing its most serious...

  • *Citigroup CEO says U.S.- China trade fears may be overdone. DAVOS, Jan 22- The International Monetary Fund has cut its global growth forecasts for the second time in three months. Central banks in the U.S. and Europe are reversing a decade of ultra-loose monetary policy.

  • AGREEMENT, IF RATIFIED BY UNION MEMBERS, WILL ALLOW LOS ANGELES TEACHERS TO RETURN TO WORK ON WEDNESDAY- MAYOR.

  • TORONTO, Jan 22- Canada has not asked the United States to abandon its bid to have Huawei executive Meng Wanzhou extradited, Canada's Foreign Minister Chrystia Freeland said on Tuesday in an interview with Bloomberg TV. Asked whether Canada had asked the United States to drop the case, Freeland said: "No. But Canada has spoken to the United States about the case.

  • NEGOTIATORS FOR 30,000 STRIKING LOS ANGELES TEACHERS REACH TENTATIVE DEAL WITH SCHOOL DISTRICT- MAYOR.

  • WASHINGTON, Jan 22- The U.S. Justice Department said on Tuesday that it will pursue the extradition of Huawei Technologies Co Ltd's chief financial officer, arrested in Canada in December on allegations that she participated in a conspiracy to defraud banks. Huawei CFO Meng Wanzhou faces accusations in the United States that she misrepresented her company's...

  • TORONTO/ OTTAWA, Jan 22- Canadian factory sales and wholesale trade both slumped more than expected in November, supporting the Bank of Canada's gloomy short-term forecasts for the economy which have sidelined prospects of further interest rate hikes over the coming months. The price of oil, one of Canada's major exports, plunged as much as 45 percent between...

  • Jan 22- Johnson& Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company's metal-on-metal hip implants. Saying it would pay at least $2.47 billion, the company has since settled thousands of lawsuits by patients who had to have the ASR implant removed.