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  • 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...

  • EU won't see benefits from Juncker plan: Pro     Thursday, 20 Nov 2014 | 2:30 AM ET

    Ludovic Subran, chief economist and director for economic research at Euler Hermes, says European Commission President Jean-Claude Juncker's 300 billion euro investment plan is not ambitious enough.

  • 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...

  • COLUMN-Why we don't need better forecasts: Kemp Wednesday, 19 Nov 2014 | 7:31 AM ET

    LONDON, Nov 19- One of my first assignments as a newly-minted graduate in the late 1990 s was to produce a 30- year forecast for the Bangladesh taka against the U.S. dollar on behalf of a client contemplating a multi-billion dollar investment. Even then, I realised this was not a sensible question. I wasn't even sure how much of Bangladesh would still be above sea...

  • European shares edge higher, Swiss index hits 7-year high Wednesday, 19 Nov 2014 | 6:09 AM ET

    LONDON, Nov 19- European shares turned positive in morning trading on Wednesday, helped by some encouraging broker upgrades, with Switzerland's SMI equity index hitting the 9,000- point mark for the first time since late 2007.. Prudential rose 1.1 percent to lead insurers after Deutsche Bank increased its target price for the stock to 1,680 pence from 1,630...

  • Are women overcharged? France probes price of pink Wednesday, 19 Nov 2014 | 5:43 AM ET

    Now France wants to know why, for some goods and services, women seem to be paying more than men. The activists persuaded the Economy Ministry this month to launch an in-depth study to determine what price differences exist in France, the reasons behind them and which sectors are most affected. A quick look by The Associated Press at haircut prices and store aisles...

  • *European shares, hit by miners, follow Asia down. LONDON, Nov 19- Shares fell in Europe and Asia on Wednesday while the dollar rose broadly, hitting a new seven-year high against the yen, as investors focused on the divergent outlooks for the world's major economies. Oil prices stayed near 4- year lows on signs of disagreement between OPEC members before a meeting...

  • German industrial companies 'don't look good'     Wednesday, 19 Nov 2014 | 4:20 AM ET

    Emmanuel Hauptmann, co-manager at RAM Active Investments discusses his current views on Germany's industrial companies, and why he thinks the industries in Scandinavian countries look more "appealing".

  • Just days after host Australia was embarrassed into addressing climate change at the Group of 20 Leaders Summit in Brisbane, Abbott defiantly held his country's line- the polar opposite of most other G20 nations. The Green Climate Fund now stands at $7.5 billion following pledges by the United States, Japan, France, Germany, Mexico and South Korea.

  • PARIS, Nov 18- Ethiopia has told Chinese telecoms firm ZTE Corp it risked losing part of its deal worth $800 million to expand the nation's network because of differences over costs of upgrading existing systems, an Ethiopian minister and executive said. The deal last year with monopoly state-run operator Ethio Telecom was part of a $1.6 billion package, split...