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  • The purchases were part of a broad U.S. bond market rally in the wake of record low 10- year yields across Europe and a robust $35 billion five-year Treasuries note auction, analysts said. At 2:06 p.m. EST, 34,856 contracts of 10- year Treasury note futures for March 2015 delivery traded at a price of 126-9/ 32 and 18,950 contracts of March 2015 30- year Treasury...

  • VIENNA, Nov 25- Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices. In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy...

  • *Shuttle diplomacy heats up ahead of OPEC meeting. VIENNA, Nov 25- Saudi Arabia met fellow OPEC member Venezuela and oil powers Russia and Mexico in Vienna on Tuesday, as some of the world's largest crude producers engaged in last-minute shuttle diplomacy in a bid to convince OPEC kingpin Riyadh to support prices. Saudi has kept the market guessing about its...

  • Black Friday shopping catches on in UK Tuesday, 25 Nov 2014 | 10:18 AM ET

    LONDON— Halloween and Mother's Day have become staples of the U.K. shopping calendar. Online seller Amazon is widely perceived to have first introduced Black Friday deals to the U.K. in 2010. A steady slew of retailers joined the fray each year, with a significant jump in 2013, when the Asda supermarket chain, owned by Walmart, embraced the event.

  • VIENNA, Nov 25- Venezuela will discuss oil-market "coordination" with OPEC heavyweight Saudi Arabia and major oil producers from outside the group, Foreign Minister Rafael Ramirez said on Tuesday, as the Latin American country tries to rally support for action to boost prices. Riyadh has kept the market guessing about its response to crude's near 30 percent...

  • LONDON, Nov 25- Scott Wotherspoon runs a small tiling firm in Scotland. The 43- year-old borrowed about $4 million from Royal Bank of Scotland. He thinks he is due compensation for mis-selling, like thousands of other businesses that Britain's financial watchdog has ruled are eligible.

  • *Oil under pressure ahead of this week's OPEC meeting. LONDON, Nov 25- Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week. Asian stocks had dipped despite another record high for Wall Street overnight, and...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • LONDON, Nov 25- The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high and as the dollar struggled to make much headway before a second reading of U.S. growth data. The dollar last traded 0.3 percent lower at 117.96 yen, while the euro was down 0.4 percent at 146.44 yen. "We saw inflows from investors and exporters...

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices stumbled as traders lowered their expectation of a significant output cut at this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent after rallying in the...

  • FOREX-Euro steadies after German survey, Aussie slips Monday, 24 Nov 2014 | 10:30 PM ET

    SYDNEY/ TOKYO, Nov 25- The euro steadied on Tuesday after it rebounded against the dollar, thanks to a short squeeze that followed an encouraging improvement in German business sentiment. Further supporting the euro zone common currency, the head of the Bundesbank warned about the legal hurdles the European Central Bank would face if it went down the path of...

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices slumped ahead of this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 percent after rallying in the previous session following China's surprise interest rate cut.

  • DETROIT, Nov 24- Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates...

  • *Sources say China ready to ease further after rate cut. SYDNEY, Nov 24- Asian share markets followed the dollar higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was matching 28- month lows in early trade having shed 1.2 percent on Friday when European...

  • TOKYO, Nov 21- Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multiyear lows against the dollar and euro overnight. MSCI's broadest index of Asia-Pacific shares outside Japan was up slightly in early trade.

  • BRUSSELS/ LONDON, Nov 20- Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday, withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would...

  • LONDON, Nov 20- Bank boards must have a collective understanding of how much capital the bank needs and the way staff are paid rather than delegate all key decisions to committees, a Bank of England policymaker said on Thursday. Martin Taylor, a member of the BoE's Financial Policy Committee, said that in response to such failures in the past and to operate more...

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • NEW YORK, Nov 19- Citigroup Inc is considering a sale of its index business, two sources familiar with the situation said on Wednesday, making it the latest bank to think about jettisoning benchmarking amid increased regulatory scrutiny. About $174 billion in exchange traded fund and mutual fund assets track Citigroup indexes, according to Morningstar.

  • WASHINGTON, Nov 19- Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/ 2- year high, suggesting the housing market was still on a recovery path. The Commerce Department said on Wednesday groundbreaking for single-family homes, which account for more than two-thirds of the market, increased 4.2...