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  • PARIS, Nov 23- The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy. Treasury Secretary Larry Summers says Europe risks "secular stagnation"- a long-term, self-perpetuating slump similar to the one that followed the Great Depression in the 1930 s. France's economy is flatlining, Italy's has fallen back into...

  • Portuguese police detain ex-premier in fraud case Saturday, 22 Nov 2014 | 4:11 AM ET

    LISBON, Portugal— Former Portuguese Prime Minister Jose Socrates has been detained by police as part of an investigation into corruption, money-laundering and tax fraud, Portugal's Attorney-General's office said Saturday. Socrates, who was Portugal's prime minister from 2005 to 2011, was taken into custody late Friday with three others, according to a...

  • *Agriculure helped make the Netherlands rich. AMSTERDAM, Nov 21- Agriculture has helped make the Netherlands rich, but experts warn that the density of farms and the increasing number of animals in one of the most intensive agricultural sectors in the world make it vulnerable to disesase. "When there is a disease in the Netherlands, which is the country in the world...

  • LONDON, Nov 21- Investment chiefs at the world's biggest asset managers this week unanimously forecast a stronger dollar in 2015, but they were far more cautious than many big banks on how far it would rise against the euro. Six months into a long-awaited rally for the dollar, Goldman Sachs and Deutsche Bank are among those predicting that this is just the start of...

  • French investigate HSBC over possible tax dodging Friday, 21 Nov 2014 | 7:38 AM ET

    PARIS— HSBC bank was placed under formal investigation in France over services it offered to clients required to pay taxes in France, just days after the private banking branch was charged in Belgium with organized fiscal fraud. Switzerland- based HSBC Private Bank said Friday that French investigators demanded a 50 million euro bond. HSBC said the...

  • *FTSEurofirst 300 up 0.8 pct, Euro STOXX 50 up 1.1 pct. *Euro STOXX 50, DAX, CAC eye first weekly gain of the month. Speculation about more stimulus from the ECB, pinned on comments by Draghi earlier this week, has boosted Germany's DAX, France's CAC and Euro STOXX 50 this week, setting up the three indexes for their first weekly gain this month.

  • *Washington conciliatory after secret talks angered Paris. *France risks losing out commercially if Iran deal struck. France, a U.N. Security Council veto-holder, has long held out for strict terms trading a loosening of international sanctions on Iran's oil-based economy in return for commitments by Tehran to show its nuclear work is as peaceful as it insists.

  • CARACAS, Nov 20- Venezuela would be willing to cut its own oil production if OPEC decides to limit output when it meets on Nov. 27, Foreign Minister Rafael Ramirez said on Thursday. Ramirez, who serves as Venezuela's representative to the group, just returned from a trip to OPEC and non- OPEC countries Mexico, Iran, Algeria, Qatar, and Russia to shore up support.

  • NEW YORK, Nov 21- Big money to the Fed: You're going nowhere next year. Add in the risk of a recession in Europe, renewed recession in Japan and disappointing growth in China, and it all adds up to "later, lower, longer," says Prudential Investment's Greg Peters, effectively summing up the Fed outlook from the buy side. Peters, who oversees more than $534 billion of fixed...

  • *Technip offers 28 pct premium on CGG's closing price. *Technip shares down 6.5 pct, CGG up 26 pct. PARIS, Nov 20- French oil services firm CGG has rebuffed a 1.47 billion euro takeover offer from larger rival Technip, which wants to broaden the range of services it can offer cost-wary oil companies.

  • The China flash HSBC/ Markit manufacturing purchasing managers' index showed factory output contracted in the world's second-biggest economy for the first time in six months.. In Europe signs were just as gloomy as the private sector in its biggest economy, Germany, grew at the slowest rate in 16 months, and in France a slight pick-up was overshadowed by the...

  • SPECIAL REPORT-Crimean savers ask: Where's our money? Thursday, 20 Nov 2014 | 1:30 AM ET

    Ten months after Russia invaded this Black Sea peninsula and seized it from Ukraine, the financial fallout is still being felt. Lawyers for the banks are preparing legal actions against Russia, which confiscated many of the banks' buildings, equipment and cash. The banking and phone chaos are another front in the conflict between Ukraine and Russia.

  • GLOBAL MARKETS-Dollar, bond yields gain after Fed minutes Wednesday, 19 Nov 2014 | 3:30 PM ET

    NEW YORK, Nov 19- The dollar hit a seven-year high against the yen on Wednesday and U.S. The tendency has been for the minutes to go the other way of the statement, said Robbert Van Batenburg, director of market strategy at Newedge in New York. The yen weakened further after the minutes were released, with the dollar rising as high as 118.0 yen, its highest since August...

  • *Foreigners dominate Hungary retail market. BUDAPEST, Nov 19- Multi-national supermarkets could be driven out of Hungary, a trade lobby said on Wednesday, after the government raised their inspection costs and threatened to shut them down if they fail to make a profit for two years. Hungary's economy ministry this week submitted to parliament a draft bill that...

  • European shares erase gains ahead of Fed minutes Wednesday, 19 Nov 2014 | 12:35 PM ET

    LONDON, Nov 19- European shares ended flat after hitting a seven-week high earlier on Wednesday, with investors trading cautiously ahead of minutes from the most recent Federal Reserve policy meeting. The market also faced pressure from a sharp decline in mining shares after China's iron ore futures dropped nearly 5 percent to a record low.

  • BUDAPEST, Nov 19- Multi-national supermarkets could be driven out of Hungary, a trade lobby said on Wednesday, after the government raised their inspection costs and threatened to shut them down if they fail to make a profit for two years. The government of Prime Minister Viktor Orban has a record of adopting idiosyncratic laws untroubled by how they are viewed...

  • European shares edge lower ahead of Fed minutes Wednesday, 19 Nov 2014 | 11:24 AM ET

    LONDON, Nov 19- European shares edged lower from a seven-week high late on Wednesday, tracking a fall in U.S. equities, with investors trading cautiously ahead of minutes from the most recent Federal Reserve policy meeting. The market also came under pressure from a sharp decline in mining shares after China's iron ore futures dropped nearly 5 percent to a record...

  • Volvo Cars plots U.S. resurgence with model overhaul Wednesday, 19 Nov 2014 | 9:00 AM ET

    Strong growth in China and more modest gains in Europe have helped Volvo grow sales for 16 straight months. Volvo, bought by Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said it expected to reach its sales target "in the medium term" and sought to dispel doubts it had a future in the vast U.S. market. Volvo Chief Executive Hakan Samuelsson believes...

  • European shares advance, Swiss index hits 9,000 Wednesday, 19 Nov 2014 | 8:48 AM ET

    LONDON, Nov 19- The pan-European FTSEurofirst 300 share index climbed to a seven-week high on Wednesday, helped by broker upgrades, and Switzerland's SMI equity index hit the 9,000 mark for the first time since late 2007.. Prudential rose 1.3 percent after Deutsche Bank increased its target price for the stock to 1,680 pence from 1,630 pence, Severn Trent was up...

  • LONDON, Nov 19- The dollar hit a seven-year high against the yen on Wednesday ahead of minutes from the U.S. U.S. equity futures pointed to a flat opening on Wall Street while oil prices recovered a touch but stayed near four-year lows on signs of disagreement between OPEC members before a meeting next week. Petr Krpata, currency strategist at ING, said the Fed...