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Wires

  • LONDON, Jan 22- Even in a world of increasing political uncertainty, you could have set your 2017 financial market clock by three certainties: rising stocks, falling volatility and a flattening U.S. yield curve. As 2018 gets underway, one of these trends is still in play. Wall Street continues to power on and is already up 5 percent, with the Dow breaching 26,000 points...

  • LONDON, Jan 23- European shares rose to new highs on Tuesday after U.S. senators struck a deal to end a three-day government shutdown. Germany's DAX jumped more than 0.9 percent at the open and touched a record 13,596 points. "A strong performance for new boss Johan Lundgren in his first quarter as easyJet benefited from a combination of Ryanair cancellations and...

  • Jan 23- Tesla Inc said on Tuesday its Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if Tesla and all of its shareholders do extraordinarily well.

  • Jan 23- Hong Kong stocks hit another fresh record on Tuesday, aided by continuous inflows of mainland money, and strength in IT and financial stocks. **China's main Shanghai Composite index closed up 1.3 percent at 3,546.9816 points while its blue-chip CSI300 index ended up 1.08 percent. **Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.87 percent...

  • BEIJING, Jan 23- Shanghai copper prices gained ground on Tuesday amid a persistent weak dollar, even as official data showed China churned out a record volume of refined copper in December, suggesting the world's biggest copper consumer is well supplied. While China's refined copper output hit an all-time high in December, Argonaut noted that unwrought copper...

  • *South Korea, China to look for support from WTO members. SEOUL, Jan 23- South Korea and China protested on Tuesday against U.S. President Donald Trump slapping steep import tariffs on washing machines and solar panels in a move that stirred fears in Asia of more protectionist measures coming out of Washington.

  • SHANGHAI, Jan 23- China's five state-backed mutual funds, launched during the 2015 stock market crash, cut their equity holdings in the fourth quarter as they reduced exposure to the banking and manufacturing sectors, latest filings show. The share reduction by the five hybrid funds, which currently manage a combined 250 billion yuan on behalf of the government,...

  • *Strong demand comes as OPEC/ Russia withhold oil supplies. SINGAPORE, Jan 23- Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply curtailments by a group of exporters including OPEC and Russia. Brent crude futures were at $69.38 a barrel at 0756 GMT, up 35 cents, or 0.5 percent, from their last close, not far off the three-year high...

  • LONDON, Jan 23- Britain's competition regulator told Rupert Murdoch his $15 billion takeover of Sky was not in the public interest and would be blocked unless there was a way to prevent the tycoon from influencing the network's news output. It said possible ways to resolve its concerns about Murdoch's influence in Britain could include spinning off or...

  • SINGAPORE, Jan 23- Singapore's anti-corruption watchdog said it is reviewing the country's primary anti-graft law amid mounting pressure on the government to toughen the rules in the wake of revelations of criminal wrongdoing at companies in the city-state. The disclosure has dented Singapore's squeaky-clean image. "The Singapore government regularly...

  • PARIS, Jan 23- Carrefour's new chief executive pledged to slash costs, step up investment in e-commerce in the face of competition from Amazon and open up the capital of Carrefour China to local investors, as part of a plan to boost growth at the world's second-largest retailer. Carrefour, Europe's largest retailer and the second-biggest in the world behind...

  • LONDON, Jan 23- Sterling briefly popped above $1.40 on Tuesday, extending a rally since the closing days of last year on growing investor optimism about the near-term outlook for the British currency. Protracted dollar weakness and optimism that Britain will reach a favorable divorce deal with the European Union has powered a 3.5 percent rally in the British...

  • *Yuan deposits in Hong Kong are highest in a year. Yuan deposits in Hong Kong, the biggest offshore center for the Chinese currency, are their highest in a year and Germany's central bank, the Bundesbank, said it is looking to place some of its reserves in yuan, one of the first central banks outside of Asia to make such a move. Broader trends, including China's ambitious...

  • LONDON— Britain's competition regulator has found that 21st Century Fox's planned takeover of Sky plc is not in the public interest because it would give Rupert Murdoch and his family too much control of the country's news media. The preliminary ruling issued Tuesday by the Competition and Markets authority will be finalized by May 1, when the authority will...

  • The relatively shallow quake of magnitude 6 struck off the island of Java, the U.S. Geological Survey said, and authorities ruled out the risk of a tsunami. Many people ran along the streets of downtown Jakarta, pointing at the buildings above them, witnesses said. Jakarta is about 100 km away.

  • The head of Russia's Direct Investment Fund, Kirill Dmitriev, told Reuters on Tuesday that Moscow and Riyadh should be coordinating oil policies for many more years. "Russia already has significant positions in the oil business so it is hard to expect us taking a very significant stake during the IPO," Dmitriev said on the sidelines of the World Economic Forum in...

  • *Yen eases after Kuroda reiterates need for stimulus. TOKYO, Jan 23- The yen slipped on Tuesday after comments from the Bank of Japan chief quelled speculation the central bank follow other central banks in scaling back monetary stimulus, while the dollar recovered losses after the U.S. government's shutdown ended. The yen weakened to 111.15 yen to the dollar,...

  • LONDON— Britain's competition regulator finds 21st Century Fox takeover of Sky not in public interest.

  • TOKYO, Jan 23- Asian stocks advanced on Tuesday after U.S. senators struck a deal to end a government shutdown in a boost to Wall Street, while the dollar turned higher against the yen after Bank Of Japan's chief reiterated his support for quantitative easing. Spreadbetters expected Britain's FTSE to open 0.3 percent higher, Germany's DAX 0.5 percent and...

  • LONDON, Jan 23- Britain's competition regulator said Rupert Murdoch buying all of Sky was not in the public interest because it would give the media mogul too much influence, but set out possible remedies that could allow the $15 billion deal to go ahead. The CMA said possible ways to resolve its concerns about Murdoch's influence in Britain could include...