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  • LONDON, Dec 16- Shares in European companies exposed to Russia fell sharply to lead a broad decline on Tuesday, as the rouble plunged in value and concern grew about the state of the Russian economy. Shares in Raiffeisen Bank International, which relies on Russia for profits, hit a record low after Russia's aggressive hike in interest rates failed to convince...

  • PARIS, Dec 15- European shares tumbled again on Monday, resuming last week's sharp sell-off as the relentless drop in oil prices hurt energy shares and fuelled fears of deflation in the euro zone. "The drop in oil would normally be good news for the European economy, but in this case, it's actually bad news because it seriously raises the risk of deflation," said...

  • Uberpop is a 'danger' to French customers  Monday, 15 Dec 2014 | 4:50 AM ET

    The French government has announced they will ban Uber service Uberpop from January 1st 2015. CNBC's Stephane Pedrazzi discusses further.

  • How BlaBlaCar differs from Uber  Monday, 15 Dec 2014 | 4:45 AM ET

    With Uberpop being banned in France from 1st January 2015, Nicolas Brusson, co-founder and COO of BlaBlaCar, discusses how his company differs by focusing on long distance journeys.

  • LIMA, Dec 15- U.N. climate negotiations wrapped up in Lima on Sunday with a modest agreement about the building blocks of a deal due to be agreed on in Paris in a year's time. All nations will be asked to submit plans for curbing greenhouse gas emissions, known as "Intended Nationally Determined Contributions," or INDCs, to the United Nations by an informal deadline of...

  • *BOJ tankan highlights uneven progress of Japan stimulus. TOKYO, Dec 15- The yen climbed against the dollar and euro in extremely choppy trading on Monday, as investors took their cues from slumping Japanese shares and rising risk aversion. Japan's Nikkei stock average was down 1.3 percent in afternoon trade.

  • *BOJ tankan highlights uneven progress of Japan stimulus. TOKYO, Dec 15- The dollar quivered in choppy trading against the yen on Monday as oil prices continued to sink on a weak outlook for global demand, while risk aversion pressured U.S. It remained above a two-week low of 117.44 yen touched last Thursday, and a considerable distance away from a seven-year high...

  • FOREX-Yen gains as Nikkei sags after Japan election Sunday, 14 Dec 2014 | 7:16 PM ET

    *BOJ tankan highlights uneven progress of Japan stimulus. TOKYO, Dec 15- The yen gained early on Monday after stocks sagged following a big victory for Japanese Prime Minister Shinzo Abe's coalition in an election on Sunday, while oil prices continued to sink on a weak outlook for global demand. On Friday, the Paris- based International Energy Agency cut its...

  • *Any attempt at "re-set" with Russia could divide EU. *Mogherini to visit Ukraine, could go to Russia. Her resolve is about to be tested as the bloc debates whether it is time to mend its relationship with Russia.

  • PARIS, Dec 14- The first thing one sees on entering Guerlain's perfume shop in Paris' Champs Elysees is the French brand's exclusive collection- Les Parisiennes- which costs 200 euros a bottle and is sold only in a few dozen shops around the world. Niche brands take up increasingly more shelf space at upmarket department stores such as Harrods in London, Printemps...

  • Under the Lima deal, governments will submit national plans for reining in greenhouse gas emissions by an informal deadline of March 31, 2015 to form the basis of a global agreement due at a summit in Paris in a year's time. The texts, breaking deadlock among weary delegates almost two days into overtime after two weeks of talks, appeased developing countries led...

  • The Millenaire mall: coping in low-growth France Sunday, 14 Dec 2014 | 2:00 AM ET

    AUBERVILLIERS, France, Dec 14- In the middle of 2008, construction began on France's biggest mall project in a decade. The 140- store centre, dubbed a "ghost mall" by some visitors, epitomizes the current state of France: high expectations stalled by low spending, dispirited entrepreneurs and a lack of growth prospects since GDP slumped 2.9 percent in 2009 and...

  • After marathon talks lasting two days into overtime, the four-page document asks countries to submit national plans to tackle global warming early next year to form the basis of a new global agreement due at a summit in Paris in a year's time. Climate Change Secretariat has said that the combined pledges by all nations in Paris will be too weak to achieve a goal of...

  • The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation will submit its own plans for curbing warming in the first half of 2015..

  • *Lima deal could point to aspirations for Paris summit in 2015. LIMA, Dec 12- About 190 nations faced a crossroads Friday on how boldly to fight global warming as United Nations talks in Lima went into overtime amid concerns that watered-down goals could undermine a U.N. climate summit in Paris next year. Emerging nations such as China and India want the Lima...

  • The Dow industrials and major European equity indexes posted their biggest weekly losses in three years, as shares in Europe fell more than 2 percent and stocks on Wall Street, with the exception of Nasdaq, fell nearly as much. In Europe, the sell-off gathered pace in late trading, and the same occurred just before the end of U.S. trading. The fact that oil can't find a...

  • Benchmark Brent oil settled at below $62 a barrel and U.S. crude slumped to under $58 to extend Thursday's landmark fall below $60. On Friday, the Paris- based International Energy Agency which coordinates the energy policies of industrialised countries, cut its outlook for demand growth in 2015, triggering another collapse. "That's just more bad news for the...

  • DUBAI, Dec 12- Crude oil supplies from Saudi Arabia inched up in November from a month earlier, an industry source said on Friday, signalling no change in the kingdom's supply, despite a global oil glut and a steep fall in prices. OPEC heavyweight Saudi Arabia pumped 9.610 million barrels of oil per day in November, some 80,000 bpd less than its production in October,...

  • Dec 12- Hearst Corp said it will raise its stake in global credit rating agency Fitch Group to 80 percent from 50 percent in a deal valued at about $2 billion as the media giant diversifies away from its newspaper foundations. Paris- based Fimalac, which is selling the stake to Hearst, will retain a 20 percent interest in Fitch, the third-biggest rating agency behind...

  • PARIS, Dec 12- Uber will continue to operate its UberPop transport service in France for now after a Paris commercial court rejected on Friday a request by competitors to ban the service. Three car companies and several taxi associations had sued the French subsidiary of the San Francisco- based company over what it deemed unfair competition, saying among other...