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  • BEIJING, Jan 16- China's Dagong Global Credit Rating Co, one of the country's most prominent ratings firms, on Tuesday cut the local and foreign currency sovereign ratings of the United States, citing an increasing reliance on debt in the world's largest economy. The growing reliance on the debt-driven mode of economic development will continue to erode the...

  • INDIA SCHEDULED TO RAISE IRAN CRUDE PURCHASES IN DEC TO HIGHEST IN 9 MONTHS- SOURCE.

  • TOTAL IRANIAN CRUDE OIL LOADINGS FOR ASIA SCHEDULED TO DROP 7 PCT IN DEC FROM NOV- SOURCE.

  • TOKYO, Jan 16- India was scheduled to lift its biggest volume of Iranian crude in nine months in December, helping to shore up the OPEC producer's oil exports to Asia last month, said a person with knowledge of the country's tanker loading schedule. India's scheduled crude oil loadings from Iran, excluding condensate, an ultra-light oil, were about 550,000 bpd last...

  • MALAYSIA'S PETRONAS SCHEDULED TO LIFT IRANIAN HEAVY CRUDE CARGO IN DEC, FIRST PURCHASE SINCE 2012- SOURCES.

  • LONDON, Jan 16- British supermarket Iceland plans to eliminate plastic packaging from all of its own brand products by the end of 2023 and called on the industry to follow its lead. Privately-owned Iceland, which trades from 900 UK stores specializing in frozen food, said on Tuesday that instead of using plastic it will use packaging comprising paper and pulp...

  • *Ongoing OPEC/ Russia- led supply restraint has propped up crude. SINGAPORE, Jan 16- Brent crude oil prices held near $70 a barrel on Tuesday, a level not seen since 2014' s dramatic market slump. Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.

  • *Japan official says oil spill unlikely to reach its shores. TOKYO, Jan 16- Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores, an official at the nation's environment ministry said on Tuesday. Strong winds pushed it away from the Chinese coast, where the incident happened, and into...

  • SEOUL, South Korea— Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said a crackdown on trading of crypto currencies was still possible. Finance Minister Kim Dong- yeon said Tuesday in an interview with local radio station TBS that banning trading in digital currencies was "a live option."

  • SYDNEY, Jan 16- Copper markets in London and Shanghai eased on Tuesday, reversing an earlier uptrend, as the dollar pulled up from a three-year low. Earlier in the session, copper prices edged up in London and Shanghai, helped by a weaker U.S. dollar, which strengthened during Asian trading hours. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai...

  • LONDON, Jan 16- International estate agents Savills said it will beat underlying expectations for its 2017 results due to high levels of commercial transaction volumes in Britain, Europe and Asia and growth in its British residential business. It also said its Chief Executive Jeremy Helsby will leave at the end of 2018 after 39 years at the company to be...

  • BEIJING, Jan 16- Foreign direct investment into China in December fell 9.2 percent year-on-year to 73.94 billion yuan, the commerce ministry said on Tuesday. For 2017, FDI rose 7.9 percent to 877.56 billion yuan. China faces relatively large external pressures to attract foreign investment in 2018, the ministry said in a statement on its website.

  • BEIJING, Jan 16- China's Dagong Global Credit Rating Co, among the country's most prominent ratings agencies, said on Tuesday that it had cut the local and foreign currency sovereign ratings of the United States to BBB+ from A-. The ratings have also been put on a negative outlook, Dagong said in a statement. The increasing reliance on the debt-driven mode of economic...

  • HONG KONG— David Hanson envisions a future in which AI-powered robots evolve to become "super-intelligent genius machines" that might help solve some of mankind's most challenging problems. The Texas- born former sculptor at Walt Disney Imagineering and his Hong Kong- based startup Hanson Robotics are combining artificial intelligence with southern...

  • **The largest percentage gainers in the main Shanghai Composite index were Beijing Airport High-Tech Park Co Ltd up 10.02 percent, followed by Fujian Longxi Bearing Group Co Ltd gaining 10.01 percent and Shanghai U9 Game Co Ltd up by 10.01 percent. **The largest percentage losses in the Shanghai index were Shangying Global Co Ltd down 9.99 percent, then Hang Xiao...

  • BEIJING, Jan 16- China's natural gas consumption will rise by 10 percent in 2018 to 258.7 billion cubic meters, China National Petroleum Corp forecast on Tuesday, boosted by a steady push to replace coal with the cleaner fuel to curb air pollution. CNPC also forecast in its annual outlook, released by the state oil giant's research institute, that China's total...

  • TOKYO, Jan 16- Asian shares erased early modest losses and pushed to a fresh record high, while the euro remained within sight of a 3- year peak on rising expectations that the European Central Bank could pare its monetary stimulus. DAX futures were up 0.1 percent, and FTSE futures and CAC each up 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside...

  • ZURICH, Jan 16- Swiss chocolate maker Lindt& Spruengli on Tuesday reported a 4.8 percent increase in 2017 annual sales in Swiss francs, but said the North American market remained tough. The group based in Kilchberg on Lake Zurich will report full earnings on March 6. But North America remained a headache, with sales falling 1.6 percent in the market where Lindt...

  • BEIJING, Jan 16- China's non-financial outbound direct investment in 2017 fell 29.4 percent year-on-year to $120.08 billion, the business daily Securities Times newspaper reported on Tuesday, quoting a commerce ministry official.

  • PARIS, Jan 16- French carmaker and Peugeot-brand owner Groupe PSA reported a 15.4 percent rise in its worldwide sales for 2017, echoing a similarly robust performance from its domestic rival Renault earlier this week. Groupe PSA sold 3,632,300 vehicles worldwide in 2017, helped by solid sales for its Peugeot and Citroen light commercial vehicles and by...