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  • LONDON, Jan 16- The British pound rallied to a two-month high against the euro on Wednesday, a day after British lawmakers overwhelmingly defeated Prime Minister Theresa May's Brexit divorce deal. In early Wednesday trade, the pound strengthened to 88.44 pence per euro-- its strongest level since late November. "A softer Brexit is now a possibility with a higher...

  • SINGAPORE, Jan 16- China will crack down further on irregularities in financial markets and reduce shadow banking risks this year, the banking and insurance regulator said in an annual work conference on Wednesday.

  • NEW YORK, Jan 16- Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126- year-old retailer to keep its doors open, people familiar with the matter said Wednesday. The billionaire's proposal, made through his hedge fund ESL...

  • *FTSE 100 down 0.1 pct; midcaps up 0.4 pct. LONDON, Jan 16- Britain's blue chip stocks were lower in early deals as the stronger pound pushed multinationals lower after Prime Minister Theresa May's deal to leave the European Union suffered an overwhelming defeat and weak results from Pearson weighed. Ireland's top share index, one of the barometers for Brexit...

  • LONDON, Jan 16- The euro slipped against the dollar and the pound on Wednesday as worries about the outlook of the euro zone economy weighed on the single currency while sterling edged higher before a no-confidence vote on Prime Minister Theresa May's government. Prime Minister Theresa May's government faced the vote on Wednesday after the crushing defeat of...

  • *China c.bank injects net $83 bln through open-market operations. SHANGHAI, Jan 16- China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy. China's policymakers are pledging to step up stimulus measures this year and do more to...

  • *Italy sells 10 bln euros in its biggest bond deal. Italy raised 10 billion euros in its biggest ever syndicated bond sale, drawing total investor orders of more than 35.5 billion euros, according to a lead manager at one of the banks that helped sell the debt. Demand for the new bond was buoyed by the resolution last month of a protracted row between Rome and the...

  • *China Enterprises index HSCE rises 0.5 pct. Jan 16- Hong Kong shares rose on Wednesday, helped by hopes that a shift to more stimulating policy could boost China's economy, but investors remained cautious amid uncertainty over Brexit, trade and slowing global growth. **Shares of leading mainland developers rose after data showed China's home prices remained...

  • LONDON, Jan 16- British shares lagged Europe slightly on Wednesday after Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal, but in the face of continuing political uncertainty investors focused on results and M&A news. The FTSE 100 was down 0.3 percent by 0825 GMT while euro zone stocks climbed 0.2 percent.

  • NEW YORK, Jan 16- Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126- year-old retailer to keep its doors open, people familiar with the matter said Wednesday. The billionaire proposal, made through his hedge fund ESL Investments...

  • SEARS HOLDINGS CORP CHAIRMAN LAMPERT WINS BANKRUPTCY AUCTION FOR RETAILER WITH $5.2 BILLION BID-SOURCES.

  • LONDON, Jan 16- Prime Minister Theresa May's government faced a no confidence vote on Wednesday after the crushing defeat of her Brexit divorce deal by parliament left Britain's exit from the European Union in disarray just 10 weeks before it is due to leave. With the clock ticking down to March 29, the date set in law for Brexit, the United Kingdom is now in the...

  • ZURICH/ COPENHAGEN, Jan 16- Danish freight company DSV has launched a bid to buy Swiss rival Panalpina for around 4 billion Swiss francs after pressure from an activist investor for Panalpina to do a deal. Activist investor Cevian Capital, which owns 12.3 percent of Panalpina, said last year it wanted the company to be open for a takeover amid its struggles in ocean...

  • *OPEC- led supply cuts support crude prices. *Surging U.S. production could erode OPEC efforts. SINGAPORE, Jan 16- Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC- led supply cuts will tighten markets despite signs of a global economic slowdown.

  • MUMBAI, Jan 16- India's soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the country's ability to import necessities. Iran has agreed to sell crude oil to India, the world's third-largest oil consumer, in exchange for rupees after...

  • Jan 16- British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by the end of 2019, after more than eight years at the helm and more than three decades with the company. In 2017, the company spent $17 billion to buy U.S. baby formula maker Mead Johnson. Last year, the FTSE 100 firm started to...

  • BOJ EXPECTED TO CUT INFLATION FORECASTS AT JAN. 22-23 RATE REVIEW- SOURCES.

  • LONDON, Jan 16- British Prime Minister Theresa May's Brexit deal cannot be resuscitated after it suffered a devastating defeat in parliament and the government must find a new plan, a pro-Brexit lawmaker from May's Conservative Party said. That was an absolutely devastating blow, " Steve Baker-- a member of the European Research Group of Conservative lawmakers...

  • TOKYO, Jan 16- The Bank of Japan is expected to cut its inflation forecasts at next week's rate review, sources say, a sign slumping oil prices and a darkening global economic outlook are heightening challenges for hitting its ambitious 2 percent target. But the BoJ is likely to maintain its upbeat assessment that Japan's economy will keep expanding moderately...

  • LONDON, Jan 16- Britain's top share index was expected to have a muted start on Wednesday, edging slightly up after lawmakers defeated Prime Minister Theresa May's deal to leave the European Union by a crushing margin, deepening market uncertainty. FTSE 100 futures were up 0.1 percent at 0711 GMT and underperforming their European peers after parliament voted...