Copper Edges Lower On Muted China Demand Prospects

* China GDP grows 7.7 pct yr/yr in Q4, vs forecast 7.6 pct * U.S markets closed on Monday for public holiday * Nickel down 1 pct after last week’s 6 percent gain (Updates with closing prices) Copper dipped in holiday-thinned trade on Monday as near-term demand prospects from top consumer China remained muted, despite slightly better-than-expected Chinese growth … Read more

US Oil Slips As Supply Disruption Worries Ease After Iran Deal

From Reuters: U.S. crude futures slipped below $94 a barrel in early Asian trade on Tuesday as supply worries eased after world powers and Iran took another step to end a decade-long dispute over Tehran’s nuclear programme. The United States and European Union both suspended some trade and other restrictions against the OPEC member after the United Nations’ nuclear watchdog confirmed … Read more

South Africa's President and leader of the ruling ANC party Jacob Zuma (C) greets his supporters as he arrives for the launch of his party's election manifesto at Mbombela stadium in Nelspruit January 11, 2014. REUTERS/Ihsaan Haffejee

SA govt to receive R45m pay hike despite hopes for pay freeze

From Reuters: President Jacob Zuma approved a salary hike of R45 million for government, despite earlier calls to freeze pay increases, the Sunday Independent reported. The five percent pay hike applies to the 2013/2014 financial year and is for members of Zuma’s executive, premiers and various other provincial and parliamentary government officials. The newspaper said … Read more

Deutsche Bank Posts Surprise Q4 Loss As Scandals Weigh

From Reuters: * Deutsche warns of more pain in 2014 * Litigation costs eat into profit * Credit, debt and funding adjustments burden results Deutsche Bank posted a surprise pre-tax loss of 1.15 billion euros for the fourth quarter due to heavy costs for litigation and restructuring, and warned that 2014 would another year of … Read more

Apple refunding $32.5m in kids’ App purchases

From Reuters: Apple Inc will refund consumers at least $32.5 million to settle a longstanding complaint that the technology company billed U.S. consumers for charges incurred by children through mobile apps without their parents’ consent. Under the terms of the settlement, announced on Wednesday by the U.S. Federal Trade Commission, Applealso will be required to change its billing practices to … Read more