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  • NEW YORK, Dec 24- U.S. shares ended flat on Wednesday, with the Dow industrials eking out a record close after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check. Oil prices resumed declines after the U.S. Energy Information Administration reported a large build in U.S....

  • *Brent oil drops back near $60 a barrel. NEW YORK, Dec 24- U.S. shares extended a five-day winning streak on Wednesday after the latest data showed strength in the world's largest economy, while a mixed economic picture in Europe kept the region's stocks largely in check. U.S. equity markets will operate on a shortened trading schedule Wednesday, closing at 1 p.m....

  • Smith & Nephew outperforms sluggish European markets Wednesday, 24 Dec 2014 | 8:43 AM ET

    *UK's FTSE 100 rises 0.2 pct to 6,609.93 points. The 7.7 percent jump in Smith& Nephew, after Bloomberg News reported U.S. rival Stryker was planning a takeover offer for it, allowed Britain's blue-chip FTSE 100 index to end 0.2 percent higher at 6,609.93 points. France's CAC ended down 0.4 percent as data showing another set of record unemployment figures in...

  • UPDATE 2-Russia's grain exports stop - farm lobby Wednesday, 24 Dec 2014 | 7:59 AM ET

    *About 3 mln T of grain are now stuck in Russia- Union. *Wheat futures rise on Russia export curbs. Russia's main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt.

  • UPDATE 1-Russia may fail to supply wheat to Egypt in Jan Wednesday, 24 Dec 2014 | 4:49 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's state buyer GASC in January as its exports have been effectively suspended by informal government curbs, Arkady Zlochevsky, the head of Russia's Grain Union, said on Wednesday. Russia's government imposed informal curbs with tougher quality monitoring and limits on railroad loadings earlier this...

  • *Greece, China worries in background. LONDON, Dec 23- The year-end rally on Europe's major stock exchanges edged into its sixth day on Tuesday, just managing to ride out growing concerns over Greece and the pace of growth in China, in markets thinned out by the Christmas holiday season. Britain's FTSE 100 index was up 0.3 percent, Germany's DAX index up 0.1 percent and...

  • *Shares in Nutreco fall 5 pct as Cargill drops takeover bid. Shares in Dutch animal feed company Nutreco bucked the trend, falling 5 percent after U.S. commodities company Cargill said it was dropping its takeover bid. Around Europe, Britain's FTSE 100 index was up 0.6 percent, Germany's DAX index up 0.3 percent and France's CAC 40 up 0.5 percent.

  • BRUSSELS, Dec 22- Short, snappy and focused on two priorities- reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took over the chairmanship of the 28- nation European Council this month, put his...

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • "Alstom's corruption scheme was sustained over more than a decade and across several continents," Deputy Attorney James Cole said at a news conference. In one case in Indonesia, prosecutors said, an Alstom executive emailed an employee that "one of the engineering chaps" who had influence on the outcome of a particular project was involved in a new project and "...

  • LONDON/ PARIS, Dec 22- Britain's Serious Fraud Office has charged a British subsidiary of French energy equipment firm Alstom with bribing officials to secure a power contract, making it the second Alstom unit to face UK charges this year. Monday's charges are the latest in a series of international bribery investigations into Alstom, which has suffered a drop...

  • Airbus delivers first A350 jet, at long last Monday, 22 Dec 2014 | 5:55 AM ET

    PARIS— Airbus has at last delivered its first A350 jet, handing over the wide-body plane to Qatar Airways after years of delays and a multibillion-dollar redesign. The European planemaker hopes the A350 XWB will help it catch up in a long-haul market dominated by rival Boeing's 777 and 787. Airbus revamped the original A350 design to make it more...

  • Spain hands out $3B in planet's biggest lottery Monday, 22 Dec 2014 | 4:21 AM ET

    MADRID— Spaniards and Latin American immigrants who bought lottery tickets in an upper middle class Madrid neighborhood hit the jackpot on Monday, cracking open bottles of champagne on the streets as they celebrated winning 400,000- euro payoffs from a 2.5 billion-euro pot of cash divided among thousands of ticketholders. Restaurant employee Joana...

  • Cuba debt, often inert, moves on political winds Friday, 19 Dec 2014 | 2:14 PM ET

    NEW YORK, Dec 19- The historic breakthrough in U.S.- Cuba relations closes a Cold War chapter but leaves unresolved issues that investors need to pick through carefully, with Cuba's opaque economics and financial health poorly understood in world markets. Cuba has effectively been shut out of global financial markets for decades. said Thomas Herzfeld, a Miami...

  • Air France-KLM stock drops on profit warning Friday, 19 Dec 2014 | 11:47 AM ET

    PARIS— Air France-KLM shares have plunged more than 8 percent in the wake of the airline's warning that weak demand on several long-haul routes and other factors would wipe hundreds of millions off profits this year. In a statement late Thursday, Air France-KLM said a combination of factors, including weak demand, higher costs from a crippling pilots' strike, and...

  • But the global context together with new reforms due to kick in next year are leading some to bet that France can achieve its 1 percent growth target for next year- modest by many standards but more than twice the 2014 growth estimate of 0.4 percent. "The chances of the government getting the 1 percent growth it based its budget on have risen quite substantially,"...

  • EU grain to enjoy spoils of Russian export curbs Thursday, 18 Dec 2014 | 12:05 PM ET

    *Australia, Argentina, Canada, Ukraine could also benefit. PARIS, Dec 18- European Union grain exporters will be the main beneficiaries of Russia's pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders said. "At current prices, it's clearly European wheat that will benefit," Andree...

  • Rise of the car-sharing apps poses threat to auto sector Thursday, 18 Dec 2014 | 10:15 AM ET

    The rise of the likes of car hire app Zipcar and car-pooling rival BlaBlaCar are expected to present new challenges to mass-market carmakers such as Ford, GM, Volvo, Renault and Volkswagen while presenting fresh opportunities for existing rental networks. Online taxi business Uber is another seeking a slice of the market with its UberPop operation, which...

  • EU leaders agree to fund for jumpstarting growth Thursday, 18 Dec 2014 | 9:21 AM ET

    BRUSSELS— European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros in private- and public-sector money to upgrade infrastructure, jumpstart the EU's sluggish economies and ignite job growth. The plan approved by leaders of the 28- nation EU at their one-day summit meeting in Brussels calls for...

  • Russian sailors leaving France without warship Thursday, 18 Dec 2014 | 8:29 AM ET

    The Vladivostok helicopter carrier is part of a strange and divisive arms deal now on hold— and perhaps on the verge of collapse— because of the conflict in Ukraine. France built it for Russia's navy but is now having second thoughts, notably amid heavy U.S. criticism of the deal. His change of heart reflects Europe's evolving relationship with Russia, a powerful...