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  • LONDON, Dec 21- Global stock markets weakened on Friday and both the euro and gold slipped, as a new setback in talks to avert a U.S. fiscal crisis and evidence of Europe's ongoing economic difficulties stoked investor nerves.

  • LONDON, Dec 21- Copper prices edged up on Friday from steep falls in the previous session, although investors remained nervous that the United States will not be able to avert a fiscal crisis which could push the world's largest economy into recession.

  • UPDATE 2-Nokia patent deal with RIM to lift finances Friday, 21 Dec 2012 | 5:54 AM ET

    HELSINKI, Dec 21- Struggling Finnish mobile phone maker Nokia has settled its patent dispute with BlackBerry maker Research in Motion in return for payments, as it tries to exploit its trove of technology patents to boost its dire finances.

  • OSLO, Dec 21- Norway's $685 billion sovereign wealth fund will be allowed to buy real estate outside Europe from next month, giving it a long-sought mandate to buy property in the United States, the country's finance ministry said on Friday.

  • LONDON, Dec 21- Brent crude oil fell more than $1 per barrel towards $109 on Friday after talks in the United States to avert a budget crisis stalled, reviving worries about demand in the world's biggest oil consumer. Brent dropped $1.05 to a low of $109.15 before recovering slightly to trade around $109.35 by 1045 GMT.

  • ICE's NYSE swoop creates derivatives giant Friday, 21 Dec 2012 | 5:41 AM ET

    *Takeover values NYSE Euronext at $8.2 bln. LONDON, Dec 21- IntercontinentalExchange's $8.2 billion takeover of New York Stock Exchange owner NYSE Euronext allows it to tap into a dramatic expansion of demand for clearing financial derivatives expected next year.

  • Reuters World News Highlights at 0900 GMT, Dec 21 Friday, 21 Dec 2012 | 5:05 AM ET

    WASHINGTON- Republican lawmakers delivered a stinging rebuke to their leader, House of Representatives Speaker John Boehner, on Thursday when they failed to back an effort designed to extract concessions from President Barack Obama in year-end "fiscal cliff" talks.

  • LONDON, Dec 21- Brent crude oil fell below $110 a barrel on Friday after talks in the United States to avert a budget crisis stalled, reviving worries about demand i n the world's biggest oil consumer. Brent crude slipped 75 cents to $109.45 per barrel by 0930 GMT.

  • RIM to Pay Nokia to Settle Patent Dispute Friday, 21 Dec 2012 | 4:29 AM ET
    Nokia Chief Executive Stephen Elop stands with Steve Ballmer, Chief Executive Officer of Microsoft, during the introduction of the new Nokia Lumia 920 and 820 Windows smartphones.

    Struggling Finnish mobile phone maker Nokia has settled its patent dispute with BlackBerry maker Research in Motion in return for payments, as it tries to exploit its trove of technology patents to boost its finances.

  • *Nokia one of industry's top patent holders. HELSINKI, Dec 21- Struggling Finnish mobile phone maker Nokia has settled its patent dispute with BlackBerry maker Research in Motion in return for payments, as it tries to exploit its trove of technology patents to boost its finances.

  • Slumping fees to force investment banking shake-up Friday, 21 Dec 2012 | 4:00 AM ET

    *JPMorgan tops global fee rankings, Deutsche top in Europe. Economic woes, particularly in the euro zone, have hurt dealmaking and dragged worldwide investment banking income down 7 percent to $69.4 billion so far this year, data from Thomson Reuters and Freeman Consulting showed.

  • Credit Suisse tops U.S. IPO tables for first time Friday, 21 Dec 2012 | 3:59 AM ET

    Dec 21- Credit Suisse Group AG was the top underwriter for U.S. initial public offerings this year for the first time, bolstered by its role in helping large private equity backed companies go public. Credit Suisse was ranked eighth last year in the U.S.

  • LONDON, Dec 21- The euro fell and the yen firmed against the dollar on Friday after talks to resolve a U.S. budget crisis ground to a halt, fuelling concerns the world's largest economy could be tipped into recession.

  • U.S. budget worries rattle European shares Friday, 21 Dec 2012 | 3:56 AM ET

    LONDON, Dec 21- European shares fell in early trade on Friday on signs that a deal to avoid tax hikes and spending cuts that could tip the United States into recession might not be the forgone conclusion markets had broadly thought.

  • GLOBAL MARKETS-U.S. budget setback hits shares, euro Friday, 21 Dec 2012 | 3:44 AM ET

    LONDON, Dec 21- European and Asian shares weakened on Friday and both the euro and gold slipped, as a new setback in talks to avert a U.S. fiscal crisis stoked investor nerves. "The market is still too complacent and the odds are increasing that a deal will not get done in the immediate future," Saxo Bank Chief Economist Steen Jakobsen said.

  • ZURICH, Dec 21- Roche is to join forces with Japan's PSS to improve its gene sequencing process, raising investment in its own technology after dropping a $6.8 billion bid for sequencing market leader Illumina in April.

  • *Statoil makes third gas discovery in country this year. OSLO, Dec 21- Norwegian energy firm Statoil found more gas offshore Tanzania, its third discovery in the country this year, putting it closer to having the resource needed to make commercial development viable.

  • Goldman Sachs and Morgan Stanley retained their positions as the No. 1 and 2 M&A advisers globally, respectively, this year.

  • SINGAPORE, Dec 21- Brent crude fell below $110 a barrel on Friday after talks in the United States to avert a budget crisis stalled, reviving worries about demand in the world's biggest oil consumer. Brent crude slipped 54 cents to $109.66 a barrel by 0809 GMT, declining for a second straight day, but on track for a second weekly rise.

  • LONDON, Dec 21- European shares fell in early trade on Friday on signs that a deal to avoid growth curdling tax hikes and spending cuts in the United States might not be the forgone conclusion markets were anticipating.

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