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  • PARIS/ DUBAI, Jan 29- Total became the first oil major to renew a 40- year onshore concession in Abu Dhabi, putting its peers under pressure to improve terms after the local partner said the French firm made the best offer. The state-run Abu Dhabi National Oil Company signed an agreement on Thursday with Total giving the firm a 10 percent stake in the new concession...

  • *Gazprom third quarter profit down 60 pct. *Gazprom hit by weaker rouble, provisions for Ukraine's gas debt. MOSCOW, Jan 29- Russian state gas producer Gazprom suffered a 60 percent slump in third quarter net profit on Thursday, hurt by the weaker rouble and after exports were halted to Ukraine over a pricing dispute.

  • PARIS, Jan 29- France and Germany must work more closely together to boost growth in Europe, French Economy Minister Emmanuel Macron said on Thursday, warning of the twin risk of Germany's budget "fetishism" and French inertia. He said it should include joint European debt, an idea long supported by France but rejected by Germany. "The risk in France is inertia,...

  • EU plans to step up fight on online jihadi propaganda Thursday, 29 Jan 2015 | 8:10 AM ET

    Home Affairs Commissioner Dimitris Avramopoulos told reporters in Riga that the EU needs to deepen cooperation with the Internet industry "and to strengthen the commitment of social media platforms in order to reduce illegal content online." Already before this month's shooting massacres carried out by Islamic extremists in Paris, EU officials had been...

  • HELSINKI/ FRANKFURT, Jan 29- Nokia on Thursday reported strong profits at its core Networks business on the back of surging North American sales, but the shares fell back over an uncertain outlook, higher costs in its Technologies division and a disappointing dividend. The Finnish company, which sold its former flagship phones business to Microsoft last year,...

  • UPDATE 3-Deutsche Bank's legal headaches drag into 2015 Thursday, 29 Jan 2015 | 7:03 AM ET

    FRANKFURT, Jan 29- Legal costs will weigh down Deutsche Bank's results well into 2015, Germany's biggest bank said on Thursday, as global investigations into cases such as the alleged manipulation of interest rate and currency benchmarks drag on. Deutsche Bank, which had originally hoped to clear its decks of legal problems in 2014, postponed a big litigation...

  • European shares knocked as oil slide hits earnings Thursday, 29 Jan 2015 | 6:59 AM ET

    *Vallourec warns of impairment, shares fall 5.5 pct. LONDON/ PARIS, Jan 29- Weak corporate updates pegged back European shares on Thursday, as the effects of a recent rout in oil prices knocked back heavyweight energy firms. France's Vallourec featured among the main losers, falling 5.5 percent after the steel pipes maker warned of an impairment charge of 1.0- 1.2...

  • UPDATE 1-ECB warns banks to keep dividends tight Thursday, 29 Jan 2015 | 6:57 AM ET

    FRANKFURT, Jan 29- The European Central Bank warned banks across the euro zone to curb payouts to shareholders, also pledging to probe how much they are paying in bonuses as the rest of the bloc's economy suffers. In its boldest public order to the industry since health checks last year uncovered problems chiefly in Italy, the European Central Bank said banks...

  • PARIS/ DUBAI, Jan 29- State-run Abu Dhabi National Oil Company signed an agreement on Thursday with Total giving the French oil major a 10 percent stake in a new 40- year onshore concession to help operate the United Arab Emirates' biggest oilfields. Nine Asian and Western firms had bid for stakes in the Abu Dhabi Company for Onshore Oil Operations concession...

  • ATHENS, Greece— The first European official to visit Greece since the country elected a new left-wing government said Thursday that he expects clashes over how to lighten the country's bailout— not rash actions from Athens. European Parliament president Martin Schulz said he had concluded after discussions with 40- year-old Prime Minister Alexis Tsipras...

  • Dozens of flights cancelled in German airport strikes Thursday, 29 Jan 2015 | 5:12 AM ET

    BERLIN— Dozens of flights are being canceled at Germany's Duesseldorf and Cologne-Bonn airports after private security workers walked off the job in a dispute over wages. Cologne-Bonn was canceling 40 of 190 flights and Duesseldorf 205 of 530 on Thursday due to the one-day warning strike, the dpa news agency reported. Employers so far have rejected the...

  • ZURICH, Jan 29- The world's biggest fragrance and flavour maker Givaudan said a challenging business environment meant sales growth this year would likely stay on a similar level to 2014, below the target range it has given for 2010-2015.. Underlying sales grew 3.7 percent last year, below Givaudan's mid-term target of 4.5-5.5 percent growth, to 4.4 billion...

  • UN seeking $3.1 billion to help children at risk Thursday, 29 Jan 2015 | 4:40 AM ET

    BERLIN— The United Nations is appealing for $3.1 billion to reach 62 million children at risk in humanitarian crises worldwide, including those living in Ukraine, Syria and other conflict zones and in areas affected by the Ebola epidemic. The U.N. children's agency UNICEF said Thursday the largest portion, $903 million, would be targeted to help children with...

  • BERLIN— German unemployment rose to 7 percent in January, but the increase was due largely to seasonal factors and the Federal Labor Agency says the job market remains strong. The rate rose 0.6 percentage points from 6.4 percent in December, with 3.03 million people out of work in January, the agency said in a report Thursday. When adjusted for seasonal factors,...

  • *Greece concerns weigh on Europe, Athens stocks up. LONDON, Jan 29- Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year. Greece, where a radical leftist prime minister took over on Monday, also kept investors...

  • MUMBAI, Jan 29- India's decision to drop a tax dispute with Vodafone Group Plc is likely to mean relief for Royal Dutch Shell PLC and others caught in similar, protracted battles, as the government tries to attract much-needed foreign investment. Late on Wednesday, India's government said it would not appeal a regional court ruling in favour of Vodafone, the...

  • European shares fall; Vallourec sinks after warning Thursday, 29 Jan 2015 | 4:05 AM ET

    *Vallourec warns of 1- 1.2 bln euro impairment, shares fall 6 pct. Vallourec featured among the top losers, falling 6 percent after the steel pipes maker warned of an impairment charge of 1.0- 1.2 billion euros on the value of its assets, blaming turmoil in the oil market. Also, Vallourec has not impaired anything in the U.S., whereas market conditions are deteriorating...

  • PARIS, Jan 29- Steel pipe maker Vallourec plans to write down the value of its assets by 1- 1.2 billion euros, reflecting a drop in demand from oil company customers following the plunge in crude prices. Vallourec confirmed its June warning that underlying profits would fall by around 10 percent from a year earlier, but said the real concern lay ahead.

  • MOSCOW, Jan 29- Russia's Gazprom posted a 35 percent drop in nine-month net profit to 556.3 billion roubles year-on-year, after the world's top gas producer was hit by a dispute with Ukraine and currency losses. After putting aside 83.9 billion roubles in provisions for Ukraine's gas debt which prompted Moscow to cut off supplies in June, Gazprom said the future...

  • ZURICH, Jan 29- The world's biggest fragrance and flavor maker Givaudan confirmed its mid-term guidance for up to 5.5 percent sales growth after net profit rose 15 percent last year, helped by higher sales in emerging markets and cost cuts. The Geneva- based firm and its peers have been benefiting from strong demand for their products in emerging markets, where...