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Soccer-Struggling Brondby to cut wages by 25 percent

COPENHAGEN, Jan 8 (Reuters) - Brondby have announced that wages at the Copenhagen club are to be cut by 25 percent across the board. "We hope and believe that all employees will agree to this as it is the key to securing the short and long-term capital and liquidity and the continuation of the club," chief executive Tommy Hakansson said in a statement. An initial 10 percent wage cut is to be implemented immediately with a further 15 percent coming in three months.

UPDATE 2-HSBC's Ping An stake sale at risk over funding doubts -sources

* CDB was to finance bulk of CP's purchase of the stake * Sale was Asia's 2nd-biggest M&A deal announced last year * CP has major interests in China from agriculture to retail By Heng Xie and Clare Baldwin BEIJING/HONG KONG, Jan 8 (Reuters) - HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank (CDB) voiced concerns over funding for the deal, sources told Reuters.

Golf-Johnson takes charge with power at Kapalua

Jan 7 (Reuters) - Dustin Johnson took control of the weather-hit Tournament of Champions in Hawaii on Monday with an awesome display of power hitting in the second round after the 2013 PGA Tour finally got under way. Tied for the lead with fellow Americans Mark Wilson and Nick Watney when the opening round was completed at the Kapalua Resort earlier in the day, Johnson fired a sizzling seven-under-par 66 to surge three strokes in front of the pack.

Soccer-North Korea's Jong arrives in South for Suwon move

Jan 8 (Reuters) - North Korea striker Jong Tae-se arrived in Seoul on Tuesday to finalise his move to the K-League's Suwon Samsung and said he hoped to play the role of sporting ambassador during his stint in the South. Jong is set to be unveiled as a Suwon player on Thursday after sealing a 300,000 euros ($395,850) switch from German club FC Cologne to the South Korean top flight.

ANALYSIS-Doom scenario far-fetched but euro gloom to deepen

* Social cohesion to be tested as debt strains take toll * Greece under microscope; some worry over Spain * Welfare state cushions pain but long-term cost is high By Alan Wheatley LONDON, Jan 7 (Reuters) - It would be fair to say that U.S. hedge-fund manager Kyle Bass does not expect the explosion in global debt in recent years to turn out well.

Tennis-Longevity the buzz word for rested Federer

By Patrick Johnston Jan 8 (Reuters) - A disappointing end to 2012 left Roger Federer's critics writing his tennis obituary, but the Swiss is confident he can win more grand slam titles after arriving in Melbourne refreshed and refocused following an extended break. While Federer's main rivals for a fifth Australian Open title, Novak Djokovic and Andy Murray, have been getting matches under their belt in Australia, the 31-year-old opted for the practice courts and family time to keep his mind and body fresh.

GLOBAL MARKETS-Asian shares capped ahead of earnings reports

* MSCI Asia ex-Japan steadies, Nikkei opens down 0.5 pct * Dollar falls vs yen after sharp and rapid rise * Alcoa kicks off U.S. earnings later on Tuesday By Chikako Mogi TOKYO, Jan 8 (Reuters) - Asian shares steadied on Tuesday but prices were capped by investor caution ahead of corporate earnings season for the last quarter of 2012 and the European Central Bank's policy meeting later in the week.

UPDATE 1-US high court won't review federal embryonic stem cell funds

By Terry Baynes Jan 7 (Reuters) - The U.S. Supreme Court on Monday refused to review a challenge to federal funding of human embryonic stem cell research brought by two researchers who said the U.S. National Institutes of Health rules on such studies violate federal law.

GLOBAL MARKETS-U.S. stocks fall from 5-year high; euro rises

* Wall Street shares dial back from 5-year high * Euro rises on bets ECB might leave rates alone * Oil prices slip with stocks, growth view caps losses * Dollar pulls back from 2-1/2-year high versus yen By Richard Leong NEW YORK, Jan 7 (Reuters) - Wall Street stock prices retreated from five-year highs on Monday, while the euro rose against the dollar on bets the European Central Bank might refrain from signaling more interest rate cuts on Thursday.

ANALYSIS-'Fiscal cliff' deal sours U.S. tax reform outlook

* Hopes dim for 'grand bargain' on taxes, spending * Democrats want more revenue from tax code revamp * Republicans say "cliff" deal means tax debate over * Gridlock may mean corporate tax reform hopes dashed By Kim Dixon and Kevin Drawbaugh
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