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Swaziland says loan from S.Africa "not working out"

JOHANNESBURG, Jan 8 (Reuters) - A 2.4 billion rand ($280 million) loan that South Africa agreed to extend to Swaziland has hit a snag but the landlocked kingdom, Africa's last absolute monarchy, can survive without it, its finance minister said on Tuesday. The loan was agreed in 2011 as Swaziland grappled with an acute funding crisis. South Africa was due to release the first tranche of the bailout last year but the money never materialised.

US STOCKS-Wall St set to dip as earnings season begins

* Yum shares fall on shrinkage of sales in China * Monsanto stock jumps after strong earnings, raised outlook * Sears says CEO to step down, shares rise * Futures off: Dow 20 pts, S&P 2.5 pts, Nasdaq 1 pt By Rodrigo Campos NEW YORK, Jan 8 (Reuters) - U.S. stocks were set to tick lower at the open on Tuesday as an earnings season expected to show sluggish corporate growth gets under way.

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.

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.

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.

Reuters Sports Schedule at 0001 GMT on Tuesday Jan 8

Reuters sports schedule at 0001 GMT on Tuesday: - - - - GOLF PGA Tour: Hyundai Tournament of Champions (to 8) Weather-hit 2013 season opener heading for a Tuesday finish With high winds making the Plantation Course unplayable over the first three scheduled days at the Kapalua Resort in Hawaii, organisers aim to play 36 holes on Monday and 18 on Tuesday in a season-opening event cut to 54 holes. (GOLF-PGA/, expect update by 0600 GMT/1 AM ET, 400 words)

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.

Reuters Odd News Summary

Following is a summary of current odd news briefs. Man avoids jail time in $10 million caviar smuggling caper NEW YORK (Reuters) - A man who evaded authorities for 23 years on charges he unlawfully imported more than $10 million worth of caviar into the United States was spared jail time at his sentencing on Monday. Instead, a judge in U.S. District Court in Manhattan imposed a punishment of time already served on Isidoro "Mario" Garbarino, 69, who has been in custody since September 10.

Reuters Odd News Summary

Following is a summary of current odd news briefs. The Kraken wakes: first images of giant squid filmed in deep ocean

UPDATE 3-Australian mining veteran Cutifani to head Anglo

* Cutifani to take reins at Anglo American on April 3 * Has been CEO of AngloGold Ashanti since 2007 * Anglo shares trade more than 2 percent higher By Clara Ferreira-Marques LONDON, Jan 8 (Reuters) - Australian gold mining executive Mark Cutifani, a one-time trainee miner, has been appointed chief executive of Anglo American, taking on what analysts and investors say is one of the toughest jobs in the business.
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