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  • GENEVA, Dec 11- A trillion dollar deal at the World Trade Organisation to reduce tariffs in the vast information technology sector will stand or fall in the next 24 hours, trade diplomats said on Thursday. But late on Thursday one trade official involved with the talks said a deal would be very unlikely because of a stand-off between South Korea and China, which was...

  • DIARY- Top Economic Events to Dec 25 Thursday, 11 Dec 2014 | 7:01 PM ET

    FRANKFURT- Deutsche Bundesbank Vice President Claudia Buch to speak on "May change happen"- 1200 GMT. OSLO- Norges Bank Governor Oystein Olsen and Norges Bank Investment Management Director Yngve Slyngstad hold lectures for the regional network. STOCKHOLM- Sweden's central bank holds monetary policy meeting.

  • LONDON/ GENEVA, Dec 11- GAVI, the global vaccines alliance, said on Thursday it was committing up to $300 million to buy Ebola vaccines, as one experimental shot hit a snag in a Swiss clinical trial after some subjects reported joint pains. GAVI, which is funded by governments and the Bill& Melinda Gates Foundation, said it was ready to begin procurement as soon as the...

  • Ebola vaccine trial suspended after side effects Thursday, 11 Dec 2014 | 8:50 AM ET

    LONDON— Swiss researchers have suspended the testing of one of the leading Ebola vaccine candidates after some volunteers reported unexpected side effects. In a statement issued on Thursday, the Hopitaux Universitaires de Geneve said the trial had been suspended "as a precautionary measure." Officials will stop giving the vaccine next week to get more data...

  • Swiss charge former HSBC analyst with data theft Thursday, 11 Dec 2014 | 8:47 AM ET

    The case of Herve Falciani, a former employee of global banking group HSBC, has been making headlines in Europe since he fled Switzerland in 2008. He has been accused of stealing stole information between 2006 and 2007 relating to 24,000 customers of the Swiss division of HSBC. The Office of the Attorney General of Switzerland says the data theft charges...

  • *India ONGC may get stake in Russia's far east LNG project. NEW DELHI, Dec 11- Russia's top oil producer Rosneft struck oil and gas deals with India on Thursday, seeking to strengthen ties with Asia and diversify its exports away from Europe, under pressure from Western sanctions. During President Vladimir Putin's one-day visit to the Soviet-era ally, Rosneft...

  • LONDON, Dec 11- GAVI, the global vaccines alliance, said on Thursday it was committing up to $300 million to buy Ebola vaccines and was ready to begin procurement as soon as the World Health Organization recommends one for use. Clinical trials with experimental shots are now underway as experts race to contain an epidemic that has killed more than 6,000 people in...

  • European shares extend slide; Airbus drops again Thursday, 11 Dec 2014 | 4:29 AM ET

    *Airbus sags; worries on demand for fuel-efficient aircrafts. PARIS, Dec 11- European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks. Shares in Airbus fell as much as 4.5 percent, adding to a 10 percent drop in the previous session...

  • *Looking to raise 100- 150 mln stg in debt or equity-source. PARIS/ LONDON, Dec 11- Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss. Aston Martin, James Bond's carmaker of...

  • Web inventor says Internet should be 'human right' Thursday, 11 Dec 2014 | 2:02 AM ET

    The Briton, who launched the Web in 1990, made the remarks as he released his World Wide Web Foundation's latest report tracking the Internet's global impact. Denmark, Finland, and Norway were ranked as top overall, meaning they were best at using the Internet for economic, political and social progress. At the bottom of a list of 86 countries were Yemen, Myanmar and...

  • Web inventor says Internet should be 'human right' Wednesday, 10 Dec 2014 | 7:02 PM ET

    The Briton, who launched the Web in 1990, made the remarks as he released his World Wide Web Foundation's latest report tracking the Internet's global impact. Denmark, Finland, and Norway were ranked as top overall, meaning they were best at using the Internet for economic, political and social progress. At the bottom of a list of 86 countries were Yemen, Myanmar and...

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • GENEVA, Dec 10- An aviation industry task force has recommended that airlines should install available flight-tracking systems within 12 months following the disappearance of a Malaysian jetliner with 239 people on board. "Airlines are taking the tracking issue very seriously," IATA Director General Tony Tyler told journalists. Its top safety official...

  • *IATA ups 2014 profit forecast to $19.9 bln from $18 bln. GENEVA, Dec 10- Falling fuel prices and stronger economic growth mean global airlines will report their strongest profit margin in more than five years in 2015, the International Air Transport Association said. The Geneva- based association, which represents around 250 airlines accounting for 84 percent...

  • Air fares seen dipping thanks to oil slump Wednesday, 10 Dec 2014 | 4:31 AM ET

    GENEVA— Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices. That's when airlines' fuel costs will start reflecting the recent plunge in energy markets, says IATA's chief economist, Brian Pearce. "It's going to be six months or so before airlines are seeing lower fuel costs, and at...

  • Most of the banks, which include Citigroup and Goldman Sachs, would be held to higher capital requirements than under a similar rule by global regulators, officials said. Fed Vice Chairman Stanley Fischer said during Tuesday's meeting that JPMorgan Chase& Co would need more than $20 billion of additional capital to comply. JPMorgan spokesman Andrew Gray said...

  • WASHINGTON, Dec 9- The U.S. Most of the banks, which include JPMorgan Chase and Goldman Sachs, would be held to higher capital requirements under the Fed's proposal than under a similar rule by global regulators, officials said. "Reliance on short-term wholesale funding can leave a firm vulnerable to creditor runs that force the firm to rapidly liquidate its own...

  • Sika execs against Saint-Gobain bid; Shares tank Monday, 8 Dec 2014 | 11:07 AM ET
  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.