BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.» Read More
*Bonds rally before debt auctions, Italy concerns ease. LONDON, Dec 13- German Bund futures rose in choppy trading on Friday as investors struggled to assess the long-term impact of the U.S.
*Analyst expectations for AstraZeneca product already low. LONDON, Dec 13- An experimental rheumatoid arthritis drug from AstraZeneca proved inferior to Abbott Laboratories' Humira in a clinical study, knocking hopes for one of the few late-stage products in the company's pipeline.
*Europe's leaders hold sixth summit of 2012. BRUSSELS, Dec 13- The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc's top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the euro zone's debt crisis.
LONDON, Dec 13- European shares edged lower and the dollar slipped against most major currencies on Thursday after the U.S. Oil, copper and gold also fell as investors remained worried about whether the United States would miss a year-end deadline to avert a "fiscal cliff" of about $600 billion of tax hikes and spending cuts that will start in January.
LONDON, Dec 13- European shares slipped on Thursday after persistent concern about U.S. austerity measures that could hit growth in the world's largest economy overshadowed fresh stimulus steps from the Federal Reserve.
LONDON, Dec 13- European stock index futures pointed to a flat to lower open on Thursday, as investors balanced a new monetary boost from the U.S. Federal Reserve with lingering concerns that austerity measures could derail the world's largest economy.
*CNOOC wants deepwater expertise to drill in South China Sea. HONG KONG/ NEW YORK Dec 13- CNOOC Ltd's purchase of Canadian energy producer Nexen Inc may prove to be bittersweet if U.S. regulators block the Chinese state-run oil company from taking over Nexen's oilfields in the Gulf of Mexico.
NEW YORK/ LONDON, Dec 13- Raw sugar and arabica coffee futures on ICE extended their losses and f ell to their lowest levels in more than two years on Thursday, prolonging slides driven by surplus supplies.
LONDON, Dec 13- German Bund futures sea-sawed on Thursday, ending the session lower after U.S. jobs data even as a mixed Spanish bond auction led to a rise in its borrowing costs in the secondary market.
The stagnant negotiations between the White House and U.S. Congress on a budget for next year has limited the bullish response to the U.S.
LONDON, Dec 13- Britain will allow shale gas exploration to resume but under tighter rules, the government announced on Thursday, a year and a half after tremors set off by the hydraulic fracturing used triggered a ban on the work.
BRUSSELS, Dec 13- European Union finance ministers agreed on Thursday to make the European Central Bank the chief supervisor for banks in the euro zone, a move designed to underpin the currency and its financial system.
For China, the rise of a powerful air finance industry is a third pillar in its aviation development, alongside parts manufacturing and assembly for foreign planemakers like Airbus and Beijing's own Comac C919 commercial jetliner project.
*Coming up; U.S. Weekly jobless claims at 1330 GMT. SINGAPORE, Dec 13- London copper slipped on Thursday, bruised by the struggles of U.S. lawmakers to find a fix to a looming "fiscal cliff" and on a rebound in the dollar after it tumbled following the Federal Reserve's extension of loose monetary policy.
SINGAPORE, Dec 13- London copper slipped on Thursday, weighed by a dollar recovery after it tumbled in the wake of the U.S. *Three-month copper on the London Metal Exchange fell by 0.61 percent to $8,080.75 a tonne by 0122 GMT, reversing small gains seen the previous session.
With tablets and other mobile devices the gadgets of choice this holiday season, Reuters canvassed over 70 shoppers and store employees across Sydney, Seattle, Palo Alto, Shanghai, Bangalore, Singapore, Paris, London, Mexico City and Boston for insight into what does and doesn't beckon.
*Insurgents close in on Damascus, explosion rocks capital. MARRAKECH, Morocco, Dec 12- Syrian President Bashar al-Assad's forces have fired Scud-style ballistic missiles against rebels in recent days, U.S. and NATO officials said on Wednesday, in what U.S. officials described as an escalation in the 20- month civil war.
WASHINGTON, Dec 12- The Pentagon will pay about 4 percent less for each new Lockheed Martin Corp F-35A fighter jet when it signs a deal worth $3.8 billion with the No. 1 U.S. defense contractor on Friday, according to sources familiar with the deal. Pentagon officials hope to conclude that deal by year end.
*Recession, Spain bailout, elections loom next year. BRUSSELS, Dec 13- After a hectic year of crisis management, during which Greece had a close brush with the euro zone exit, European Union leaders aim to strengthen banking oversight and work on wider reforms at their sixth summit of 2012 starting on Thursday.
OTTAWA, Dec 12- Canada scrapped a controversial sole-source plan to buy F-35 jets from Lockheed Martin Corp on Wednesday, saying it will now evaluate all available options for acquiring new fighters.