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  • ABUJA, Nov 27- Nigeria's finance minister said on Thursday that a significant portion of the billions of dollars drained from the oil savings account over the past two years was distributed to powerful governors instead of being saved for a rainy day. Nigeria, Africa's biggest oil producer, is grappling with financial difficulties owing to a 30 percent fall in...

  • The Apax Middle- market Israel fund will target the country's technology, telecoms, healthcare, services and consumer sectors, the source said on Thursday. London- based Apax has historically had a strong presence in Israel, investing 972 million euros since 2005. Reuters reported in March it was planning to launch the fund, which will be the only...

  • MOSCOW, Nov 27- The rouble fell to record lows against the dollar and euro on Thursday after OPEC decided against cutting crude-oil output to boost flagging prices. It had earlier strengthened against both currencies in nervous trade before the OPEC meeting in Vienna, one of the most closely watched in years. Brent crude fell to a four-year low below $73 a barrel...

  • LONDON, Nov 27- Share price falls for energy firms capped gains for top European stocks on Thursday, after OPEC resisted pressure to cut supply in the face of a global slump in the oil price. However, shares were able to edge higher, led up by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus...

  • The air bags in both Honda cars were supplied by Japan's Takata Corp, which made the air bags installed in more than 10 million cars from Honda and other manufacturers that have been recalled since 2008.. U.S. government safety records showed that Honda recalled a small number of cars equipped with Takata air bags in March 2002, two years before the first known...

  • French jobless total hits new record in October - govt Thursday, 27 Nov 2014 | 12:00 PM ET

    PARIS, Nov 27- More people were unemployed in France in October than ever before, data showed on Thursday, highlighting continued weak activity in the euro zone's second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 28,400 to 3,460,900, a 0.8 percent increase over one month and 5.5 percent over one year.

  • *OPEC leaves oil output unchanged. LONDON, Nov 27- Brent crude oil plunged more than $6 a barrel on Thursday, the sharpest one-day fall since 2011, after OPEC decided not to cut production despite a huge oversupply in world markets. Ministers from the Organization of the Petroleum Exporting Countries had been discussing at their meeting in Vienna whether to...

  • BRENT CRUDE FALLS MORE THAN $6 TO $71.25, U.S. CALGARY, Alberta, Nov 27- Brent crude oil futures fell more than $6 on Thursday to $71.25 a barrel, its lowest since July 2010, after producer group OPEC said it would not cut crude production targets. U.S. crude also dropped sharply to $67.75, its lowest since May 2010, before paring losses to trade down $4.65 at $69.04 a...

  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • *U.S. CRUDE FALLS MORE NEARLY $6 TO $67.75 A BARREL Thursday, 27 Nov 2014 | 11:30 AM ET
  • *BRENT CRUDE FALLS MORE THAN $6 TO $71.25 A BARREL Thursday, 27 Nov 2014 | 11:30 AM ET
  • Toyota, tire maker Toyo issue safety recalls Thursday, 27 Nov 2014 | 11:30 AM ET

    LOS ANGELES— Toyota is recalling about 30,000 Sienna Minivans worldwide, saying the 2015 models' overhead assist grips can detach when an air bag deploys. Separately, Toyo Tire Holdings of Americas is recalling some of its Open Country Tuff Duty and Nitto Dura Grappler tires due to potential tread separation. Toyo knows of two crashes involving the malfunction.

  • Twitter to start tracking users' mobile apps Thursday, 27 Nov 2014 | 11:30 AM ET

    NEW YORK, Nov 27- Twitter Inc will begin tracking what third-party apps are installed on users' mobile devices so the social media company can deliver more tailored content, including ads, the company said late on Wednesday. The feature, called "app graph," will allow the company to see what other applications users may have installed on phones or other devices.

  • CALGARY, Alberta, Nov 27- Brent crude oil futures fell more than $4 on Thursday to below $73 a barrel after producer group OPEC said it would not cut crude production despite global oversupply. Brent fell as low as $72.74 per barrel, its lowest since August 2010, and was last trading down $4.75 at $72.98. U.S. crude oil futures also fell sharply to a low of $69.11 a barrel,...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • WTO finds against Peru in farm duties case Thursday, 27 Nov 2014 | 11:26 AM ET

    GENEVA, Nov 27- A World Trade Organisation dispute panel ruled on Wednesday that Peru was violating global trade rules in imposing additional duties on key agricultural products when their international prices fell below a set floor. The case was brought to the WTO last April by Guatemala, which argued that its exports to Peru had suffered under the measure...

  • *Saudi's Naimi says OPEC made "great decision". *Venezuela, Algeria wanted OPEC to reduce output. The outcome effectively means a battle for market share between OPEC and non- OPEC countries as a boom in U.S. shale oil production and weaker economic growth in China and Europe have already sent crude prices down about a third since June.

  • *Oil prices slide as OPEC opts not to cut output. LONDON, Nov 27- Gold eased on Thursday, hurt by a sharp drop in oil prices, strength in the dollar and fresh outflows from bullion-backed funds, with traders cautious ahead of this weekend's Swiss referendum on central bank bullion assets. Spot gold was down 0.3 percent at $1,193.85 an ounce at 1549 GMT, while U.S. gold...

  • Russia's Rosneft says OPEC decision won't affect its work Thursday, 27 Nov 2014 | 11:12 AM ET

    MOSCOW, Nov 27- Russia's top oil producer Rosneft said on Thursday that a decision by OPEC to leave its output unchanged despite flagging oil prices would not affect the work of the company. "Rosneft has a sufficient safety margin, given the fact that net production cost is the lowest in the world-- just above 4 dollars/ barrel." Earlier on Thursday, Gulf oil producers...

  • BRENT CRUDE OIL FALLS BELOW $74 PER BARREL AFTER OPEC MEETING@. CALGARY, Alberta, Nov 27- Brent crude oil futures fell below $74 per barrel on Thursday after the producer group OPEC decided not to cut crude production despite global oversupply. Brent dropped to $73.80 a barrel, its lowest since August 2010, before paring losses to last trade down $3.71 on the day at...