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  • AP PHOTOS: A look at 2014 in the business world Saturday, 20 Dec 2014 | 3:03 PM ET

    LONDON— No one said the recovery from the global financial crisis would be easy and 2014 provided that in spades. And in Europe, economic stagnation appears to be the new status quo despite the welcome news that Greece's savage six-year recession is over. Elsewhere, the legacy of the global financial crisis remains, notably in Europe, where the European Central...

  • *Brent closes above $61, U.S. crude settles above $56. NEW YORK, Dec 19- Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.. Brent's front-month settled up $2.11, or 3.4 percent, at $61.38 a barrel, after closing twice this week below the...

  • *Bremt closes above $61, U.S. crude settles above $56. Brent ended above $61 a barrel, the second time since Wednesday when it closed above the key psychological level of $60, and continued to rise in post-settlement trade. WTI finished above $56, breaking above the $55 resistance.

  • 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...

  • Dec 19- AstraZeneca Plc's ovarian cancer drug has been granted an accelerated approval by the U.S. health regulator, a day after the treatment was approved by the European Commission. AstraZeneca expects potential sales of around $2 billion a year from the drug. London- based AstraZeneca's U.S.-listed shares were down about 1 percent at $71.41 in afternoon...

  • *Rouble bounces over 3 percent, oil above $60 a barrel. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to their best day in 15 months. "We have digested the drop in oil, we have gotten past the Fed, and now we will see what we will do for the rest of the year," said Peter Jankovskis,...

  • West Texas Intermediate crude futures traded above $55 a barrel while benchmark Brent hovered above the psychologically key $60 level, gaining over 2 percent in New York's morning trade. "At least I'm not convinced that with Brent at $60 or WTI above $55, we've seen the bottom yet," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New...

  • GLOBAL MARKETS-Equities extend rally, oil rebounds Friday, 19 Dec 2014 | 11:03 AM ET

    LONDON/ NEW YORK, Dec 19- Equity markets worldwide extended the week's rally on Friday, and oil prices rebounded from recent lows as traders said investors were starting to reduce exposure as the end of year approaches. Wall Street's momentum, hopes that Russia was stabilizing and a recommitment from Japan to its massive stimulus campaign pushed Asian stocks to...

  • LONDON, Dec 19- Reuters will cover all major market moves on merit throughout the holiday period. The pan-European stock market report will include Britain's FTSE 100. There will be no separate FTSE report. There will be no Global Markets report from London on Dec. 25 and 26 or on Jan. 1.

  • LONDON, Dec 19- A three-day rally in world share markets started to peter out on Friday as worries emerged that the European Central Bank's money printing plans could come with a number of restrictive strings attached. Officials speaking to Reuters on condition of anonymity said the ECB may require countries such as Greece or Portugal to set aside extra money...

  • LONDON, Dec 19- Brent crude oil rose to around $60 a barrel on Friday, rallying from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang...

  • Sony hack adds to security pressure on companies Friday, 19 Dec 2014 | 6:14 AM ET

    The Sony attack, which U.S. officials blamed on North Korea, was unusual because it included threats of violence if the Hollywood studio released its movie "The Interview," a comedy that depicts the assassination of the North's leader. He said his company has received a growing number of requests from financial institutions and other businesses alarmed by...

  • MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...

  • *European shares rise after sharp gains in Asia, United States. LONDON, Dec 19- Gold steadied on Friday, struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising U.S. interest rates. "Right now, the market is struggling to move away from $1,200... the fact that we made a move below $1,189 after...

  • *Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.

  • LONDON, Dec 19- Brent crude oil rose above $60 a barrel on Friday, recovering from near a 5-1/ 2- year low as investors squared books ahead of the year-end festive break after six months of falling prices. Oil prices were on track for a fourth straight week of declines after OPEC members last month decided against cutting production despite a huge global overhang of...

  • It's law now: 'No Social Security for Nazis' Friday, 19 Dec 2014 | 3:21 AM ET

    WASHINGTON— President Barack Obama on Thursday capped a swift and forceful response to an Associated Press investigation by signing into law a measure that bars suspected Nazi war criminals from receiving U.S. The AP's investigation, which was the impetus for the No Social Security for Nazis Act, found that dozens of former Nazis collected millions of...

  • *Gold cuts weekly loss, other precious metals also firmer. SINGAPORE, Dec 19- Gold edged up above $1,200 an ounce on Friday as buyers helped the metal hold up against rising equity markets, paring losses fueled by worries over a looming hike in U.S. interest rates. A surge in gold prices to above $1,230 an ounce last week from around $1,140 a week earlier has spurred...

  • *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.

  • In the end, the deal survived only after Taser dropped Amazon.com Inc as the data storage provider for the year-long project. The fact that Amazon did not have a data center in Britain was a deal breaker for British officials, according to Taser. The case is an example of the challenges that Amazon faces as it works to expand its cloud computing business, known as...