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ISTANBUL, Dec 11- Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank official said on Wednesday.
*Majority expect Fed to begin tapering in March. WASHINGTON, Dec 11- U.S. growth is set to accelerate in 2014, giving the Federal Reserve room to start dialing back its massive monetary stimulus, certainly by March, according to a Reuters poll.
Dec 11- Shares of Avanir Pharmaceuticals Inc fell 17 percent in premarket trading on Wednesday, a day after the company said its experimental drug failed to reduce pain in patients with multiple sclerosis. Avanir also reported fourth-quarter results that fell shy of Wall Street estimates.
Dec 11- CytRx Corp said its experimental cancer drug improved survival rates in soft tissue sarcoma patients without the disease progressing, compared to chemotherapy alone, sending its shares up 75 percent before the bell. The treatment was found to be safe and well-tolerated, the CytRx said on Wednesday. CytRx's shares were trading at $3.94 before the bell.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil edged down below $109 a barrel on Wednesday, shrugging off forecasts of surging global demand from the west's energy watchdog, while the market awaited U.S. data that is expected to show a drop in crude stockpiles.
Dec 11- Mining equipment maker Joy Global Inc forecast 2014 earnings below analysts' estimates after reporting a quarterly profit that fell short of expectations as miners cut spending. Coal miners, who account for about two-thirds of Joy Global's revenue, have cut back on buying equipment as they struggle with a supply glut and weak prices.
*Spot Q1 premiums could hit 5- year highs of $250- 280/ T. HONG KONG/ SINGAPORE, Dec 11- Copper users in top consumer China are braced to pay higher premiums to procure metal and global exchange stocks have slumped to five-year lows, flagging tight supply that some traders expect to stretch out into next year.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil held steady above $109 a barrel on Wednesday, shrugging off predictions from the West's energy watchdog of rising global demand as the market awaited U.S. data that is expected to show a drop in crude stockpiles.
*India cenbank gov says tackling inflation a priority. NEW DELHI, Dec 11- Tackling inflation will be a key priority, India's finance minister and central bank governor said on Wednesday, after high consumer prices contributed to painful losses for the ruling Congress Party in recent state elections.
*Two new pipelines set to drain oil from Cushing. SINGAPORE, Dec 11- Brent held steady above $109 a barrel on Wednesday as traders focused on the narrowing of its spread with U.S. futures ahead of U.S. inventory data that is forecast to show a drop in crude stockpiles.
*Two new pipelines set to drain oil from Cushing. SINGAPORE, Dec 11- Brent drifted above $109 a barrel on Wednesday as traders focused on the narrowing of its spread with U.S. futures ahead of U.S. inventories data that is forecast to show a drop in crude stockpiles.
SINGAPORE, Dec 11- Brent drifted above $109 a barrel on Wednesday as traders focused on the narrowing of its spread to U.S. futures ahead of U.S. inventories data that is forecast to show a drop in crude stockpiles.
SINGAPORE, Dec 11- U.S. oil futures traded at their highest in six weeks above $98 a barrel on Wednesday after U.S. data showed a larger-than-expected drop in crude inventories.
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, announced a 1- for-10 stock split and raised its quarterly dividend by 83 percent, sending its shares up 3 percent to their life-high in extended trading. MasterCard's shares have gained almost 60 percent this year as more people use cards for transactions across the world.
Dec 10- Avanir Pharmaceuticals Inc said its drug used for the treatment of central neuropathic pain in patients with multiple sclerosis failed in a mid-stage trial, sending its shares down 18 percent in extended trading. There was no difference between the treatment arms and placebo, the company said. Avanir's shares were down 53 cents at $3.76 after the bell.
Dec 10- MasterCard Inc, the world's No.2 credit and debit card company, raised its quarterly dividend by 83 percent and announced a new $3.5 billion share buyback program, sending its shares up 3 percent in extended trading. The company, which also announced a 1- for-10 stock split, raised its quarterly dividend by 50 cents to $1.10 per share.
*Jakarta chief increases driving costs to slow demand. Automakers, including Toyota Motor Corp, Honda Motor Co and Nissan Motor Co and Daihatsu Motor Co, have spent at least $3 billion this year on a new line of low-cost, green car models aimed at millions of Indonesians now looking to scale up from two wheels to four, government officials said.
The premiere list, announced Monday by the festival, features a wide range of genres, from comedies to mysteries, and is populated by such A-listers as Michael Fassbender, Keira Knightley, Philip Seymour Hoffman and Sam Rockwell. _ "Calvary," directed by John Michael McDonagh and starring Brendan Gleeson, Chris O'Dowd and Kelly Reilly.
DUBAI, Dec 10- The world's largest gas reserves may tempt some energy companies back to Iran if sanctions are lifted, but Tehran is unlikely to become a significant gas supplier to Europe or Asia for at least a decade.
NEW DELHI, Dec 10- Indian and Iranian officials are meeting this week to discuss how to unlock the first oil payments to Iran since the United States and other world powers eased sanctions last month in exchange for curbs to Tehran's nuclear programme.