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  • 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...

  • STRASBOURG, France, Nov 26- The European Commission presented a plan on Wednesday for some 300 billion euros of largely private new investment in the European Union, saying it was time to kick-start growth without adding to public debt. "Europe needs a kick-start and today the Commission is applying the jump leads," Commission President Jean-Claude Juncker, a...

  • MUMBAI, Nov 26- Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more hawkish central bank to reduce benchmark interest rates as early as next week. Finance ministry sources have told Reuters that Jaitley will urge Reserve Bank of India Governor Raghuram Rajan to cut rates at the Dec. 2 policy review, fearing that...

  • BANGALORE, Nov 26- India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet. Clamours for the Reserve Bank of India to ease policy have grown louder in recent weeks. Upasna Bhardwaj, economist...

  • *China secretive on reserves, but target may be 90 days. BEIJING/ SINGAPORE, Nov 26- China is estimated to be holding double the amount of crude in its strategic reserves than its official plan has revealed, as the world's top energy consumer takes advantage of a dive in prices to strengthen its position in the global oil market. Based on data compiled by industry and...

  • TOKYO, Nov 26- Japan's transport ministry said on Wednesday it received a report of an "unusual deployment" of a Takata Corp air bag outside an existing recall programme- raising the prospect that recalls could be expanded in Japan. Officials at the ministry, Japan's auto safety regulator, told reporters a passenger-side air bag exploded as it was being removed...

  • BEIJING, Nov 26- Shares in Chinese financial software firm Hundsun Technologies Inc surged 8.5 percent on Wednesday after e-commerce giant Alibaba Group Holding Ltd said it would jointly invest in a Hundsun unit that provides financial data services. Hundsun shares have gained about 30 percent since Friday, when it said it had reached a preliminary...

  • UPDATE 4-Oil steadies below $79 as market doubts OPEC cut Wednesday, 26 Nov 2014 | 5:16 AM ET

    *OPEC needs to show unity in face of oversupply- Iran. LONDON, Nov 26- Brent crude oil steadied below $79 a barrel on Wednesday after Saudi Arabia signalled it was unlikely to push for a major change in OPEC oil output despite a collapse in prices. Oil prices have dropped by a third since June and some OPEC members have called for the cartel to reduce production sharply...

  • MOSCOW, Nov 26- An economic slowdown, losses in Ukraine and a weaker rouble reduced third-quarter profits by 24 percent at Sberbank, Russia's biggest bank, as provisions for loan losses more than doubled. Russia's economy is showing signs of strain as Western sanctions over the Ukraine crisis and tumbling oil prices depress growth and many of its major banks are...

  • Seadrill misses 3Q profit forecasts Wednesday, 26 Nov 2014 | 5:04 AM ET

    HAMILTON, Bermuda _ Seadrill Ltd. on Wednesday reported third-quarter profit of $149 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. Analysts expected $1.23 billion, according to Zacks.

  • *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...

  • Germany to require 30 pct women in top boardrooms Wednesday, 26 Nov 2014 | 4:53 AM ET

    BERLIN— Germany's coalition government wants major companies to have at least 30 percent women on its supervisory boards. The leaders of Germany's Social Democrats and Chancellor Angela Merkel's conservative bloc agreed on the measure at a late-night meeting Tuesday. Currently women hold just 22 percent of non-executive positions on the boards of...

  • TRIPOLI, Nov 26- Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said. Libya has two cabinets and parliaments vying for legitimacy since a rival group took control of Tripoli in August, installing its own prime minister and...

  • LIBYA'S RIVAL OIL MINISTER SAYS EL SHARARA OILFIELD UNDER CONTROL OF ALLIED GROUP, BUT PIPELINE STILL BLOCKED.

  • RIVAL OIL MINISTER SAYS WILL ATTEND ISTANBUL BUSINESS CONFERENCE AS LIBYA'S REPRESENTATIVE ON WEDNESDAY.

  • LIBYA'S RIVAL OIL MINISTER SAYS WILL KEEP OIL SALES PAYMENT SYSTEM UNCHANGED.

  • LIBYA'S OIL PRODUCTION INCLUDING REFINED PRODUCTS IS AROUND 758,000 BPD- RIVAL OIL MINISTER.

  • LIBYA'S RIVAL OIL MINISTER SAYS HIS GOVERNMENT WILL NOT INTERFERE IN STATE OIL FIRM, CENTRAL BANK HANDLING OIL EXPORTS.

  • LIBYA'S RIVAL OIL MINISTER PLANS TO ATTEND OPEC MEETING, HIS GOVT WILL NOT COMPLY WITH DECISIONS IF DENIED INVITATION.

  • Bitcoin exchange Kraken to help in Mt. Gox bankruptcy Wednesday, 26 Nov 2014 | 4:49 AM ET

    TOKYO, Nov 26- U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo- based Mt. Gox's Tokyo- court appointed trustee Nobuaki Kobayashi with investigating where the missing bitcoins are, along with eventually redistributing any found to creditors as part of a liquidation.