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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...

  • LONDON, Nov 26- The risk Britain will quit the European Union appears to be rising, which would be negative for the economy and might force Standard& Poor's to "reassess" its top-grade credit rating, the ratings agency said on Wednesday. Riding a wave of Euroscepticism in Britain, the anti- EU UK Independence Party has recently won two parliamentary seats, while the...

  • Germany agrees on legal quotas for women on boards Wednesday, 26 Nov 2014 | 9:05 AM ET

    A law has been drafted that will make Germany's top companies give women 30 percent of seats on non-executive boards.

  • UPDATE 3-Saudi, UAE signal no push for OPEC oil cut Wednesday, 26 Nov 2014 | 8:53 AM ET

    *Iran says some OPEC members want to battle for market share. *UAE, Iran say non- OPEC should participate in any cut. Saudi Oil Minister Ali al-Naimi said he expected the oil market "to stabilise itself eventually" after talks with non- OPEC member Russia on Tuesday yielded no pledge from Moscow to tackle a global oil glut jointly.

  • Lack of coal may bring Ukraine to its knees this winter Wednesday, 26 Nov 2014 | 8:48 AM ET

    LONDON/ BRUSSELS, Nov 26- A shortage of coal, rather than gas, is likely to plunge Ukraine into freezing darkness this winter as conflict in its east seals off supplies that used to make it self sufficient. "We have no energy reserves now, everything works on maximum and every technical problem can lead to sharp power cuts," said Andrey Favorov, managing director of...

  • *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.

  • Nov 26- Chinese solar panel maker ReneSola Ltd reported a surprise quarterly loss as shipments fell by more than a fifth, sending the company's shares down more than 12 percent. ReneSola's peers such as Trina Solar Ltd and Yingli Green Energy Holding Co Ltd also cut their shipment forecasts this week as their focus on lower-priced markets such as China was...

  • 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...

  • Dutch seek to harness energy from salt water mix Wednesday, 26 Nov 2014 | 7:47 AM ET

    AMSTERDAM— Dutch researchers are seeking to add a new, largely untapped renewable energy source to the world's energy mix with the opening of a "Blue Energy" test facility on Wednesday. Rik Siebers of REDstack BV, the company overseeing the project, said the goal is to improve the technology to the point where it will be profitable to build blue energy plants...

  • Hungary looks to develop gas production Wednesday, 26 Nov 2014 | 7:41 AM ET

    WARSAW, Poland— Hungary is looking to start extracting unconventional forms of natural gas in a bid to help Europe's become less dependent on Russian energy imports, government officials said Wednesday. Hungary's unconventional gas deposits are estimated at some 1,500 billion cubic meters— enough to supply all of Europe for three years— but they are deep and...

  • *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...

  • Euro protests trip up TTIP trade pact with US Wednesday, 26 Nov 2014 | 7:02 AM ET
    A Hapag-Lloyd container ship in the Port of Los Angeles

    European campaigners against an EU-US accord have held up progress toward the world's biggest free trade deal by deluging an online public forum.

  • *Markets will be closed Thursday for Thanksgiving holiday. NEW YORK, Nov 26- U.S. stock index futures were very slightly higher on Wednesday as investors looked ahead to a flurry of economic data that will be released throughout the morning, which could indicate whether the market's record levels are justified. *While tech shares could see some pressure...

  • MOSCOW, Nov 26- The rouble fell for a second day on Wednesday on fading hopes that OPEC will agree to cut oil output and as foreign-currency sales dried up after exporters finished paying a major tax to the state budget. "A reduction in expectations that OPEC will cut production has been added to this," Deev said. Russia is not an OPEC member.

  • UPDATE 1-Russia says will keep oil output steady in 2015 Wednesday, 26 Nov 2014 | 6:48 AM ET

    Russia, which is not an OPEC member, has watched nervously as oil prices have fallen 30 percent since June and analysts say Moscow had hoped to convince other members and non-members to support a production cut at an OPEC meeting on Thursday. After talks between Saudi Arabia, fellow OPEC member Venezuela and oil power Mexico ended without an agreement on Tuesday,...

  • 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...

  • TRIPOLI, Nov 26- Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said. Libya has two cabinets and parliaments vying for legitimacy since a rival group took control of Tripoli in August, installing its own prime minister and...

  • VIENNA, Nov 26- OPEC leader Saudi Arabia signaled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut. Iranian Oil Minister Bijan Zangeneh said some OPEC members, although not Iran itself, were gearing up for a battle over market share and...

  • Is ECB QE on investors' Christmas gift lists? Wednesday, 26 Nov 2014 | 6:17 AM ET

    Several market-watchers have placed bets on whether Mario Draghi, president of the ECB, will announce more stimulus next week and push stocks higher.

  • HONG KONG, Nov 26- Concerns by Europe's top funds watchdog that a landmark Hong Kong-China trading link may not adequately protect investors are preventing thousands of funds from buying Shanghai stocks, threatening the success of the project, market participants told Reuters. The so-called Stock Connect scheme, launched on Nov. 17, allows foreign investors...