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  • LONDON, Dec 24- Brent oil fell on Wednesday, trading around $60 per barrel weighed down by strong supply in the United States and a rising dollar. Brent for February delivery was down $1.50 to $60.19 at 1327 GMT after gaining $1.58 on Tuesday. In Europe, gasoline stocks reached their highest in five months in the Amsterdam- Rotterdam- Antwerp oil hub, data from PJK...

  • Dec 24- Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation. The newspaper said that one of the documents states that DAF Trucks, Daimler, Iveco, Scania, Volvo and MAN "agreed the timing and price increase...

  • By Renee Maltezou and Lefteris Papadimas. ATHENS, Dec 23- Greek Prime Minister Antonis Samaras failed to capture the support needed to elect a new president in a second round of voting on Tuesday and now needs another 12 votes in the final round next week to avert a snap general election. Parliament must elect a president or a general election would have to be held...

  • 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...

  • BRUSSELS, Dec 19- European Union leaders warned Moscow they are ready to flex their combined muscle and "stay the course" in a long confrontation with Russia if President Vladimir Putin refuses to pull back from Ukraine. In comments that were part warning to Russia, where falling oil prices and Western trade sanctions have brought financial havoc, and part...

  • Farmers, unionists protest EU-US free trade talks Friday, 19 Dec 2014 | 3:36 AM ET

    BRUSSELS— Hundreds of farmers and trade unionists are protesting in Brussels against negotiations to set up a trans-Atlantic free trade zone, which they fear will leave them out in the cold at the expense of big multinationals. Farmers built fires and set off firecrackers close to EU headquarters early Friday, where only a few hours earlier a summit of EU...

  • *Turkey assumed G20 presidency this month. They fear he is taking Turkey ever further from Western standards on rule of law and free speech. Supporters say he is returning Turkey to its former glory, restoring its Ottoman and Islamic heritage after nine decades of rule by a secular elite.

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. "The focus still remains on broader risk appetite, the continued fall in commodity prices, in particular oil, and the divergent monetary policies of...

  • EU leaders ready long confrontation with Russia Thursday, 18 Dec 2014 | 8:54 PM ET

    *EU leaders lay ground for long-term common front toward Moscow. BRUSSELS, Dec 19- European Union leaders warned Moscow they were ready exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine. "It is obvious we will not find a long-term perspective for...

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited the outcome of a Bank of Japan meeting. The dollar added 0.2 percent against the yen to buy 119.06 yen, while the euro tacked on 0.2 percent to 146.21 yen. BOJ Governor Haruhiko Kuroda will likely repeat calls for firms to increase wages at his...

  • BRUSSELS, Dec 18- EU leaders defended plans for the world's biggest trade deal with the United States, seeking on Thursday to counter hostility in Europe and clear the way for the accord to be agreed by the end of 2015.. The European Union and the United States have committed to an accord that would create a transatlantic market of 800 million people and encompass...

  • Daimler puts aside $748 million for antitrust case Thursday, 18 Dec 2014 | 9:30 AM ET

    BERLIN— Daimler AG says it's booking a 600 million-euro charge related to European Union antitrust proceedings against commercial vehicle makers. Daimler said Thursday it's increasing a provision first made in 2011 to deal with the investigation by the EU's executive Commission after reviewing documents on which Brussels based its accusations, which it...

  • 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...

  • Ford shuts doors of Belgium's Genk plant Thursday, 18 Dec 2014 | 8:00 AM ET

    *Production to move to Valencia, Spain. GENK, Belgium, Dec 18- Ford Motor Company produced the last car at its plant in Genk, Belgium, on Thursday, closing the site which produced some 14 million vehicles over the past 50 years. The company decided in late 2012 to shut the factory which employed some 4,000 people and to relocate production of new models to Valencia, Spain.

  • *Aim to keep pressure on Russia over Ukraine. BRUSSELS, Dec 18- The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in...

  • EU bans investment in Crimean, targets tourism Thursday, 18 Dec 2014 | 7:10 AM ET

    BRUSSELS— The European Union has imposed a ban on investment in Crimea, and other economic sanctions including measures aimed at keeping tourists away. The new measures on investment, services and trade, announced Thursday, beef up the EU's previous sanctions taken in response to Russia's annexation of the peninsula from Ukraine in March.

  • Putin: West wants to defang, declaw Russian bear Thursday, 18 Dec 2014 | 3:04 AM ET

    MOSCOW— President Vladimir Putin vowed Thursday to fix Russia's economic woes within two years by diversifying away from its heavy reliance on oil and gas and voiced confidence that the plummeting ruble will soon recover. Speaking with strong emotion during a live news conference that lasted more than three hours, Putin displayed his traditional defiant...

  • SNCF mulls buyout of UK govt's Eurostar stake-report Thursday, 18 Dec 2014 | 1:43 AM ET

    PARIS, Dec 18- French rail operator SNCF is considering using its pre-emption purchase rights on the Eurostar train service to block certain bidders for the stake put up for sale by its partner, the British government, according to Les Echos newspaper. The paper said the British government was about to name a shortlist of bidders for its 40 percent holding in the...

  • *But Samaras discussed plans with Berlin, Brussels. But in contrast to a recent predecessor, he made sure before dropping the bombshell that Berlin and Brussels wouldn't stand in the way. With Berlin playing a decisive role in European aid for Greece, Samaras and Schaeuble spoke repeatedly by telephone in the days before the early vote was announced on Dec. 8,...

  • Business events scheduled for Thursday Wednesday, 17 Dec 2014 | 1:38 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Mortgage company Freddie Mac releases weekly mortgage rates, 10 a.m.. WASHINGTON— Conference Board releases leading indicators for November, 10 a.m..