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  • The watchdog announced sanctions totaling 345.2 million euros on cleaning products makers Colgate-Palmolive, Henkel, Unilever, Procter& Gamble, Reckitt Benckiser, Sara Lee, SC Johnson and Bolton Solitaire. It announced a further 605.9 million euros of fines relating to personal hygiene products against Colgate-Palmolive, Henkel, Unilever, Procter& Gamble,...

  • FRANKFURT/ LONDON/ WASHINGTON, Dec 18- The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are...

  • European court rules obesity can be a disability Thursday, 18 Dec 2014 | 6:43 AM ET

    LONDON— Obesity can be a disability, the European Court of Justice ruled Thursday— a decision that could have widespread consequences across the 28- nation bloc for the way in which employers deal with severely overweight staff. According to Jacob Sand, Kaltoft's lawyer, the ruling means employers will have an "active obligation" to cater to the needs of their...

  • LONDON, Dec 18- Team bonding is the theme for Christmas parties in London's financial district this year as managers tone down the annual knees-up and label it as staff development. Before the 2008 crisis, a specially erected marquee in London's Canary Wharf offered Christmas parties with sit-down dinner, free-flowing champagne and a band on stilts for banks...

  • UK air service to compensate airlines for glitch Thursday, 18 Dec 2014 | 6:10 AM ET

    LONDON— Britain's air traffic service says it will compensate airlines for last week's computer glitch that briefly shut down London's busy airspace. NATS says an unprecedented computer systems failure Dec. 12 touched off mayhem that caused delays and canceled flights for thousands of passengers. Chief executive Richard Deakin told British lawmakers...

  • *Putin breaks silence on rouble problems this week. MOSCOW, Dec 18- President Vladimir Putin said on Thursday Russia's economy would inevitably rebound after the rouble's dramatic slide this year but offered no remedy to a deepening financial crisis. The economy is heading into recession in what one minister called a "perfect storm" of low oil prices, Western...

  • Putin: Russia must be 'protected'  Thursday, 18 Dec 2014 | 4:50 AM ET

    Russia's Vladimir Putin responds to Ukraine Crisis and Russia's stature compared to the rest of the world. CNBC's Geoff Cutmore reports the President's remarks.

  • LONDON, Dec 18- The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year. The jitters of recent days also calmed a touch as Russia managed to stabilise its rouble ahead of an end-of-year address...

  • Russia to act as mediator?  Thursday, 18 Dec 2014 | 4:30 AM ET

    Russian President Vladimir Putin discusses the Ukraine Crisis and ongoing military situation, saying that Russia is ready to act as a mediator.

  • Putin's speech seemed 'relatively calm'  Thursday, 18 Dec 2014 | 4:20 AM ET

    Commenting on the Putin's recent speech, Simon Quijano-Evans, head of EM research at Commerzbank, says the press conference started off "relatively calm" and that Putin appears to be trying to act on negotiating terms.

  • Russia positive on the economic year  Thursday, 18 Dec 2014 | 4:00 AM ET

    Russian President Vladimir Putin talks about the current state of the Russian economy and how he's still positive. CNBC's Geoff Cutmore analyses the remarks.

  • LONDON, Dec 18- The Swiss franc hit its lowest against the dollar in more than two years, and touched a two-month trough against the euro, on Thursday after the Swiss National Bank said it would introduce negative interest rates. The Swiss franc weakened to as much as 1.2098 francs per euro on trading platform EBS, pulling away from the SNB's three-year old cap of...

  • Dow industrials have their best day in three years Thursday, 18 Dec 2014 | 1:47 AM ET

    NEW YORK— The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain following the Federal Reserve's reassurance that it was in no hurry to raise interest rates. Bullish earnings from technology giant Oracle also drove the rally, which has helped stocks erase an early-December slump.

  • SNCF mulls buyout of UK govt's Eurostar stake-report Thursday, 18 Dec 2014 | 1:43 AM ET

    PARIS, Dec 18- French rail operator SNCF is considering using its pre-emption purchase rights on the Eurostar train service to block certain bidders for the stake put up for sale by its partner, the British government, according to Les Echos newspaper. The paper said the British government was about to name a shortlist of bidders for its 40 percent holding in the...

  • EU summit: Russian sanctions tops agenda  Thursday, 18 Dec 2014 | 1:10 AM ET

    Tightening sanctions on Russia will be on the top of the agenda for an EU leaders meeting on Thursday, CNBC's Hadley Gamble reports.

  • "If people think this is just to raise the flag, it's not going to last long," said Christopher Flensborg, Head of Sustainable Products and Product Development for Skandinaviska Enskilda Banken AB, the Swedish bank that's the world's largest underwriter of green bonds. Green bonds used to come exclusively from AAA-rated organizations like the World Bank; the...

  • Cramer: Time to tame the oil beast Wednesday, 17 Dec 2014 | 6:12 PM ET

    It's not the fact that oil prices are declining that alarms Jim Cramer, it's the velocity of the oil beast. He shared the upside to a slow decline.

  • You're going to see volatility here, "said Daniel Flynn, energy analyst at Chicago's Price Futures Group. Brent for February delivery was up $1.05 at $61.06 a barrel by 2:37 p.m. EST, after hitting a session high of $63.40. The biggest slide in oil prices since the 2008 financial crisis had accelerated after OPEC met in November, when Gulf producers resisted calls...

  • NEW YORK, Dec 17- Crude oil jumped nearly 5 percent on Wednesday as important chart support prices held fast after nearly a week of selling, leading to technical buying that turned the market around abruptly. "I think it was triggered by some short-covering, and once it gets going it feeds upon itself," said John Saucer at Mobius Risk Group in Houston.

  • Russia on the brink of financial crisis: Dallara Wednesday, 17 Dec 2014 | 12:15 PM ET
    A board lists foreign currency rates against the Russian ruble outside an exchange office in central Moscow on Dec. 17, 2014.

    The Russian currency crisis could turn into a broader economic crisis that could spill over to key emerging markets, Charles Dallara said.