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  • Russia's Rusagro targets record net profit in 2014 Thursday, 27 Nov 2014 | 3:13 AM ET

    MOSCOW, Nov 27- Russian farming conglomerate Rusagro said on Thursday its third-quarter net profit jumped to 6.6 billion roubles from 2.2 billion roubles a year ago, boosted by Russia's ban on Western meat imports. The company, listed in London as Ros Agro and controlled by senator Vadim Moshkovich's family, plans to post the highest annual net income in its...

  • LONDON, Nov 27- Britain said it would award a contract to run trains between London and Scotland to a Stagecoach and Virgin partnership, returning the East Coast line to private control after five years in state hands. The award to Stagecoach-Virgin is a big setback for FirstGroup, whose rail business in Britain has shrunk this year after it failed to win...

  • LONDON, Nov 27- Britain said it would award a contract to run trains between London and Scotland to a Stagecoach and Virgin partnership, returning the East Coast line to private control after five years in state hands. Britain's Department for Transport on Thursday selected Stagecoach-Virgin over the other two shortlisted bidders, British transport company...

  • Oil prices tank as OPEC leaves output unchanged Thursday, 27 Nov 2014 | 12:35 AM ET

    LONDON— Oil companies saw their shares take a beating Thursday as crude prices slid to their lowest in over four years in the wake of OPEC's decision to maintain production levels even though prices have fallen sharply in recent weeks. With U.S. markets closed for Thanksgiving, investors around the world were taking their cue from developments in Vienna,...

  • DIARY - Top Economic Events to Dec 9 Wednesday, 26 Nov 2014 | 7:01 PM ET

    MELBOURNE- Australian Treasury Secretary Martin Parkinson speaks in Melbourne, Australia- 0130 GMT. FRANKFURT- ECB board member Vitor Constancio participates in a press roundtable on the occasion of the " November 2014 Financial Stability Review" presentation organized by the European Central Bank in Frankfurt, Germany. LIMASSOL, Cyprus- 5th Limassol...

  • *U.S. financial markets to close Thursday for Thanksgiving. NEW YORK, Nov 26- The dollar fell against a basket of currencies on Wednesday as a batch of disappointing U.S. data on consumers, housing and manufacturing raised concern that the world's biggest economy is losing momentum in the final months of 2014.. "Today's data were underwhelming," said currency...

  • STRASBOURG, France, Nov 26- The European Commission presented a 300 billion euro plan on Wednesday to boost Europe's stagnant economy, but some doubted private investors would stump up the funds, 15 times the EU contribution, needed to make it work. France and Italy, which have been demanding action to boost economic growth, cautiously welcomed the scheme but some...

  • INSIGHT-Behind Google's Europe woes, American accents Wednesday, 26 Nov 2014 | 1:19 PM ET

    *Google in firing line in Europe as lawmakers vote on break-up. BRUSSELS, Nov 26- When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an ageing Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants. Indeed, to many in Brussels it is Google's fellow Americans- such as Microsoft,...

  • PARIS, Nov 26- Net-a-porter founder Natalie Massenet stands to make more than 100 million euros next year under a deal with the online fashion retailer's owner Richemont, according to calculations based on company documents and analyst valuations. However, several London- based bankers told Reuters they were not aware Richemont was planning to do either.

  • Germany's DAX enjoys longest winning run in 18 months Wednesday, 26 Nov 2014 | 12:25 PM ET

    *Seadrill sinks 18 pct after scrapping dividend. PARIS, Nov 26- European shares inched higher on Wednesday, with Germany's blue chip DAX index advancing for the 10th session in a row 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...

  • FOREX-Dollar falls on disappointing economic data Wednesday, 26 Nov 2014 | 11:12 AM ET

    *U.S. financial markets to close Thursday for Thanksgiving. NEW YORK, Nov 26- The dollar fell against a basket of currencies on Wednesday as a batch of disappointing U.S. data on consumers, housing and manufacturing raised concern that the world's biggest economy is losing momentum in the final months of 2014.. "Today's data were underwhelming," said Brian...

  • *OPEC should "monitor the market carefully"- Iran. LONDON, Nov 26- Brent crude oil dropped towards $77 per barrel on Wednesday after comments by Iran's oil minister added weight to the view OPEC was unlikely to push for a major change in output. Oil ministers from the Organization of the Petroleum Exporting Countries meet on Thursday in Vienna.

  • 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...

  • *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.

  • 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...

  • *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...

  • 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...

  • Thomas Cook shares tumble as CEO quits Wednesday, 26 Nov 2014 | 5:55 AM ET

    LONDON— Thomas Cook Chief Executive Harriet Green has stepped down in a surprise move that wiped off around a fifth of the market value from the U.K.- based travel operator. During Green's two-year tenure, Thomas Cook was transformed from failing tour operator to solid company. Green will be replaced by chief operating officer Peter Fankhauser, who has been with...

  • *Platinum, palladium traders sued by jewelry maker. NEW YORK, Nov 25- Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals. In a complaint filed on Tuesday in the U.S. District...

  • UK lawmakers slam Facebook in terror investigation Wednesday, 26 Nov 2014 | 4:57 AM ET

    British lawmakers have rebuked Facebook and other U.S. tech companies for withholding information on potential terror suspects, the FT reports.