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*Switzerland faces U.S. crackdown, OECD implementation. ZURICH, Dec 14- Switzerland's banks have suffered a major setback in their fight to maintain client secrecy after Germany rejected a key tax pact to sweep Swiss accounts clean of tax dodgers.
LONDON, Dec 14- Signs recession is deepening in the euro zone and an impasse in U.S. budget talks subdued global shares and Europe's bond markets on Friday, taking some of the shine off a week of mainly steady gains in risk assets.
LONDON, Dec 14- BNP Paribas was named "Bank of the Year" by International Financing Review on Friday, recognising France's biggest bank for its aggressive moves to boost capital and liquidity. IFR is a Thomson Reuters publication.
LONDON, Dec 14- BNP Paribas was named "Bank of the Year" by International Financing Review on Friday, recognising France's biggest bank for its aggressive moves to boost capital and liquidity.
LONDON, Dec 14- Crude oil rose toward $109 a barrel on Friday on a brighter outlook for the economy in China, the world's second-largest oil consumer, but worries about the impact of a possible U.S. fiscal crisis capped gains.
LONDON, Dec 14- Gold held steady below $1,700 an ounce on Friday, with prices heading for their third straight weekly fall, as uncertainty over stalled U.S. budget negotiations to avert a fiscal crisis kept investors on the sidelines.
*Akzo Nobel and Daimler among top gainers. *Rise in China manufacturing boosts sentiment for equities. LONDON, Dec 14- European shares steadied near 18- month highs on Friday, lifted by chemicals group AkzoNobel and carmaker Daimler, and many traders expected a further gradual rise before the year-end.
AMSTERDAM, Dec 14- Dutch chemicals group AkzoNobel is selling its struggling North American decorative paints arm to U.S. rival PPG Industries for $1.1 billion to focus on its larger European and faster-growing businesses.
LONDON, Dec 14- Copper was steady on Friday, with a brightening outlook for big metal consumer China's economy offsetting concerns about the euro zone's deteriorating economy and a potential fiscal crisis in the United States.
LONDON/ BEIJING, Dec 14- China's vast manufacturing sector expanded in December but the euro zone is probably deeper in recession, business surveys suggested on Friday. China's data, however, may signal that the global economy is on the mend.
MOSCOW/ LONDON, Dec 14- Russia's Rosneft could raise as much as $10 billion on bond markets to finance its takeover of Anglo-Russian oil firm TNK-BP, potentially matching loans backed by future oil exports.
LONDON, Dec 14- Brent crude rose toward $109 a barrel on Friday on a brighter outlook for China's economy, the world's second-largest oil consumer, but worries about the impact of a possible U.S. fiscal crisis capped price gains.
LONDON, Dec 14- German Bunds held broadly steady on Friday, as investors welcomed European steps to overcome the debt crisis but stayed cautious over an impasse in U.S. budget talks, leaving the market devoid of clear direction.
LONDON, Dec 14- Weaker-than-expected European economic data sent the region's shares and the euro into reverse on Friday, as hopes of a quick recovery by the struggling bloc were left looking fragile. By 0930 GMT London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX were down between 0.1 and 0.2 percent having all opened in positive territory.
*Sale to U.S.-based PPG Industries. AMSTERDAM, Dec 14- Dutch chemicals group AkzoNobel is selling its struggling North American decorative paints arm to U.S. rival PPG Industries for $1.1 billion to focus on its larger European and faster-growing businesses.
LONDON, Dec 14- European shares edged up on Friday, lifted by chemicals stocks, and many traders expected equities to rise gradually before the year-end as the asset class offers better returns than cash or government bonds.
LONDON, Dec 14- The euro zone recession has deepened in the current quarter after the bloc's private sector contracted for the 11th straight month in December, a purchasing managers' index suggested on Friday.
Fitch Ratings stuck by its triple-A rating on France in a much-awaited review on Friday but warned that an expected peak in debt in 2014 was the limit it could agree to for a country with a top-notch credit grade.
LONDON, Dec 14- European shares and the euro edged up and growth-sensitive commodities firmed on Friday, after a pick-up in China's manufacturing sector lifted sentiment ahead of closely-watched European data.
*China's plan for crude futures gains momentum- officials. BEIJING, Dec 14- A plan to launch a crude futures contract in China that would allow foreign investors to trade in commodities markets without a local subsidiary for the first time is gaining momentum and may get the nod early next year, officials and executives said.