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  • UPDATE 6-Oil drops towards $77 as market doubts OPEC cut Wednesday, 26 Nov 2014 | 9:36 AM ET

    *OPEC should "monitor the market carefully"- Iran. LONDON, Nov 26- Brent crude oil dropped towards $77 per barrel on Wednesday after Iran signalled OPEC was unlikely to push for a major change in oil output despite a collapse in prices. Iranian Oil Minister Bijan Zangeneh said that OPEC members should "monitor the market carefully", a comment traders understood to...

  • *Asia supported after upward revision to U.S. *Crude oil stabilises before Thursday's OPEC summit. LONDON, Nov 26- European shares rose on Wednesday, bolstered by hopes for more stimulus from the European Central Bank and upbeat U.S. economic data that calmed anxiety over a deteriorating global outlook.

  • MOSCOW/ KIEV, Nov 26- In Russia, powerful friends helped him make a fortune. Russian government records reviewed for this article reveal for the first time the terms of recent deals between Firtash and Russia's Gazprom, a giant gas company majority owned by the state. According to Russian customs documents detailing the trades, Gazprom sold more than 20 billion...

  • *Seadrill sinks 16 pct after scrapping dividend. PARIS, Nov 26- European shares rose on Wednesday, with Germany's blue chip index DAX advancing for the 10th straight session as investors bet on further monetary stimulus from the European Central Bank. Gains in stocks were capped by a renewed drop in shares of oil services companies, however, with Norwegian...

  • LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...

  • Thomas Cook shares tumble as CEO quits Wednesday, 26 Nov 2014 | 5:55 AM ET

    LONDON— Thomas Cook Chief Executive Harriet Green has stepped down in a surprise move that wiped off around a fifth of the market value from the U.K.- based travel operator. During Green's two-year tenure, Thomas Cook was transformed from failing tour operator to solid company. Green will be replaced by chief operating officer Peter Fankhauser, who has been with...

  • *Platinum, palladium traders sued by jewelry maker. NEW YORK, Nov 25- Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the U.S. District...

  • Dealers said investors in Europe had continued to sell the currency in early trades, pushing it to a low of $0.8499 and below support at around 109.0 New Zealand dollars above which it had held since August. "There are those who say the Aussie should bounce from these levels but my feeling is, if it breaks below this support against the kiwi, that may be significant,"...

  • *Crude oil stabilises before Thursday's OPEC summit. TOKYO, Nov 26- European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the European Central Bank and as upbeat U.S. economic growth data calmed investor anxiety over a deteriorating global outlook. The pan-European FTSEurofirst index of leading blue-chip companies has...

  • In Britain, US turkey dinner is big for business Wednesday, 26 Nov 2014 | 4:05 AM ET

    Thanksgiving isn't a holiday in Britain, but you might be forgiven for being fooled. That's because there are so many Americans in Britain these days that dozens of businesses have started selling the goods they need to celebrate. Greg Klaes, a Detroit native who used to teach science on U.S. military base schools, started growing pumpkins 30 years ago so his...

  • Portugal yields hover around lows ahead of bond exchange Wednesday, 26 Nov 2014 | 3:22 AM ET

    "Today's exercise can be much more than just a small-scale fine-tuning event but has the potential to reshape some parts of the overall redemption profile," said Commerzbank strategists in a note on Wednesday. Around 30 percent of Portugal's 141 billion euros of outstanding debt expires by the end of 2016, according to Reuters data. Commerzbank says any such...

  • METALS-Copper slides on demand doubts, eyes US data Wednesday, 26 Nov 2014 | 2:36 AM ET

    *London copper drops to three-week low. SYDNEY, Nov 26- London copper slipped to a three-week low before regaining some ground ahead of a flood of U.S data later on Wednesday that is forecast to shed positive light on the world's biggest economy. Three-month copper stood at $6,598 a tonne at 0718 GMT, down $8 from the London close.

  • BRUSSELS, Nov 26- At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago. The company lost Russia's biggest shipbuilder as a client when the United States and the European Union...

  • METALS-LME copper losses checked by looming U.S. data Wednesday, 26 Nov 2014 | 12:08 AM ET

    SYDNEY, Nov 26- London metals mostly traded lower, with copper losses held in check on expectations of a flood of positive U.S data later on Wednesday. Most of the London Metal Exchange complex recoiled as signs of weak demand growth in China made for an uncertain fundamental outlook. Three-month copper stood at $6,598.50 a tonne at 0452 GMT, down $7.50 from the...

  • WELLINGTON, Nov 26- Internet entrepreneur Kim Dotcom, one of the world's most wanted cyber fugitives, says his nearly three-year fight against extradition to the United States to face online piracy charges has left him broke. Dotcom, the New Zealand resident who once flaunted a fleet of vintage cars, a fully staffed rented mansion and globe-trotting holidays,...

  • METALS-Copper rebounds on upgrade to U.S. GDP data Tuesday, 25 Nov 2014 | 9:36 PM ET

    GDP data after slipping overnight, while Shanghai futures faced downward pressure. *Three-month copper stood at $6,608.75 a tonne at 0200 GMT, up $2.75 from the London close. *The most-traded January copper contract on the Shanghai Futures Exchange slipped 0.9 percent to 47,250 yuan a tonne.

  • Nov 25- The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing people with knowledge of the matter. The alleged leak is believed to have taken place in March 2010, when HSBC was advising British insurer Prudential Plc on...

  • NEW YORK, Nov 25- Oil tumbled 2 percent to near four-year lows on Tuesday in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with no deal to curb crude output. Saudi Oil Minister Ali al-Naimi held talks with officials from Venezuela, Russia and Mexico in Vienna before Thursday's summit of the Organization...

  • *Oil falls after talks with non- OPEC producers yield no cuts. Oil prices fell more than $1 a barrel to near four-year lows after a meeting between OPEC members Saudi Arabia and Venezuela with non- OPEC producers Russia and Mexico resulted in no deal to curb output to counter a 30 percent slump in prices since June. OPEC meets in Vienna on Thursday.

  • *Losses pared after WSJ reports OPEC may agree on cut. NEW YORK, Nov 25- Oil prices tumbled to near four-year lows before paring some losses on Tuesday as the market was hit with conflicting signals on whether OPEC will agree to curb output at its meeting this week. Crude prices reversed early gains and fell more than $1 a barrel after a meeting in Vienna on Tuesday...