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  • DIARY - Top economic Events to Dec 11 Friday, 28 Nov 2014 | 7:02 PM ET

    BERLIN- ECB Executive Board member Sabine Lautenschlaeger gives a keynote speech at the Wirtschaftsgipfel 2014 "Wirtschaft neu denken- die Kraft der Innovation" organized by Suddeutsche Zeitung in Berlin- 1030 GMT. WASHINGTON- Federal Reserve Vice Chairman Stanley Fischer speaks at the Wall Street Journal's CEO Council annual meeting- 1315 GMT.

  • NEW YORK, Nov 28- U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC's decision not to cut output sent oil traders and analysts scurrying to find a new trading floor. I think people are either going to drive it down further or just let the market collapse, "said Tariq Zahir,...

  • BRASILIA, Nov 27- Incoming finance minister Joaquim Levy faces tough hurdles, including resistance from within the ruling party, as he sets out to restore order to Brazil's messy public accounts, regain investor confidence and get a stagnant economy moving again. Levy's biggest challenge will be to convince skeptical investors that Brazil has a viable plan to...

  • *U.S. crude weakest since May 2010, may test 5- year low below $60. Traders said if WTI takes out the May 2010 low of $64.24, it could technically be headed for a test below $60, toward the low of $58.32 set on July 2009. "There's a notion that yesterday's selling was overdone, but not everyone is fully back to work yet after Thanksgiving," said John Kilduff, partner at energy...

  • Areva's options narrow in shadow of debt refinancing Friday, 28 Nov 2014 | 9:24 AM ET

    PARIS, Nov 28- With big bond repayments due in 2016-17 and its credit rating cut to junk last week, France's loss-making nuclear group Areva has a narrow and shrinking window to turn around its business and refinance its pile of debt. With billions of capital destroyed by writedowns on a Finland reactor project and an African uranium mine and its revenue crimped...

  • LONDON, Nov 28- British police officers were called to stores across the country on Friday as the "Black Friday" shopping frenzy imported from the United States brought surging crowds and fights over sharply discounted goods. Thanksgiving holiday, which falls on the fourth Thursday of November, is extravagantly promoted in the United States as the start of the...

  • LONDON, Nov 28- A currency-rigging scandal and an intensifying squeeze on their fees are driving fund managers to scrutinise how much they pay for the foreign exchange they need to buy overseas assets. Consultancy New Change FX reckons that in a typical UK pension fund with half its money invested abroad and two-thirds of that FX exposure hedged, currencies...

  • According to industry and government sources, and letters reviewed by Reuters, Essar has asked the Indian government to free it from paying its share of oil dues to Iran, and instead offset them against a $2.5 billion deal to supply steel plate to a NIOC affiliate. The back-to-back scheme comes to light at a critical stage in talks between Iran and six world powers...

  • *Brent Crude rallies off 4 year low, but set for 15 pct Nov drop. LONDON, Nov 28- Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia...

  • UK's Cameron to curb benefits for immigrants Friday, 28 Nov 2014 | 5:45 AM ET

    LONDON— Migrants from Europe will have to leave Britain if they don't get a job within six months, and must work for four years before receiving some benefits, Prime Minister David Cameron announced Friday, in a carefully balanced speech designed to defuse domestic criticism of his immigration policies while averting a showdown with the European Union.

  • Black Friday problems hit Britain Friday, 28 Nov 2014 | 5:17 AM ET

    LONDON— Americans celebrating Thanksgiving in Britain may have felt right at home as Black Friday shopping chaos caused disruptions. Greater Manchester Police Chief Peter Fahy said he was "disappointed" that stores did not have enough security personnel on duty for the after-hours shopping. Greater Manchester Police said two arrests were made and injuries...

  • Eurozone inflation dips again as energy costs tank Friday, 28 Nov 2014 | 5:01 AM ET

    Preliminary numbers from the European Union's statistics agency, Eurostat, showed the dip in the consumer price inflation rate from the previous month's 0.4 percent was largely due to a 2.5 percent decline in energy costs. November's fall in the headline rate takes inflation further away from the European Central Bank's target of just below 2 percent.

  • LONDON, Nov 28- The dollar strengthened on Friday after OPEC decided not to cut oil output, slamming commodity currencies like the Norwegian crown, which fell to five-year lows against the greenback and euro. That is deep in the European Central Bank's "danger zone" for inflation of below 1 percent and even further away from its target of just under 2 percent.

  • *Most Asian shares skid, but Japan, China buck downtrend. TOKYO, Nov 28- Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC's decision to refrain from cutting output despite a supply glut. With U.S. markets shut on Thursday for the Thanksgiving holiday, investors focused on the Organization of Petroleum...

  • S&P 500 slips as crude oil sinks Friday, 28 Nov 2014 | 12:29 AM ET

    LONDON— Oil stocks weighed on markets around the world Friday as crude prices hovered around four year lows in the wake of OPEC's decision to keep production steady. KEEPING SCORE: In Europe, France's CAC 40 was down 0.3 percent at 4,370 while Germany's DAX fell the same rate to 9,943. The FTSE 100 index of leading British shares was 0.4 percent lower at 6,698. Wall...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 3:00 p.m. ET Thursday, 27 Nov 2014 | 3:00 PM ET

    Oil prices plunge after OPEC decides against output cut. CALGARY- Brent crude oil plunged as much as $6.50 a barrel, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. BOGOTA- Hundreds of thousands of people displaced from their land...

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude fell by nearly as much, posting the steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back expectations...

  • *OPEC leaves oil output unchanged. Nov 27- Brent crude oil plunged as much as $6.50 a barrel on Thursday, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. Crude prices have been falling all week as traders and analysts scaled back...

  • LONDON, Nov 27- Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copper on the London Metal Exchange, untraded at the close, was bid at $6,555 a tonne, down 0.2...

  • The Apax Middle- market Israel fund will target the country's technology, telecoms, healthcare, services and consumer sectors, the source said on Thursday. London- based Apax has historically had a strong presence in Israel, investing 972 million euros since 2005. Reuters reported in March it was planning to launch the fund, which will be the only...