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  • Crude inventories in the United States rose 2.6 million barrels last week, the U.S. Energy Information Administration said. West Texas Intermediate crude futures trading around $36.70 per barrel at 0300 GMT on Thursday and Brent around $36.60 per barrel. Both benchmarks are down by around a third over 2015. The immediate outlook for oil prices remains bleak,...

  • SINGAPORE, Dec 31- Oil prices opened the final trading session of 2015 in a downbeat mood after record U.S. crude inventories reinforced concerns over a global supply glut that has pulled down prices by a third over the past year. Crude inventories in the United States, the world's largest petroleum producer, rose 2.6 million barrels last week, the U.S. Energy...

  • BOSTON, Dec 23- In the months before the blowup of Third Avenue's junk bond fund in early December, investors and financial advisors called the New York- based investment company to voice their concerns about the growing percentage of hard-to-trade, illiquid assets in the fund's portfolio. "I would call up and they would say,' We're under control, we have plenty of...

  • U.S. municipal bonds on solid footing heading into 2016 Wednesday, 23 Dec 2015 | 7:00 AM ET

    Barclays' muni index returns as of Monday of 3.23 percent also outperformed every other U.S. and Canadian fixed-income index. However, Barclays' muni analysts project total tax-exempt returns to turn slightly negative at -1.0 percent to -0.5 percent in the coming year. "Higher Treasury rates, rich valuations and headline risks are set to make 2016 a lackluster...

  • The biggest M&A deals of 2015 Wednesday, 23 Dec 2015 | 5:25 AM ET
    Heinz and Kraft Foods to merge.

    2015 has been a record year for mergers and acquisitions (M&A). CNBC looks back at the 10 biggest deals of the year and who advised on them.

  • Seven big banks in UK paid just $30M tax in 2014 Wednesday, 23 Dec 2015 | 4:15 AM ET
    Skyline of London

    Seven of the biggest investment banks operating in London paid little or no tax in Britain last year.

  • UPDATE 1-Storage tech company Nutanix files for IPO Tuesday, 22 Dec 2015 | 6:51 PM ET

    SAN FRANCISCO, Dec 22- Online storage startup Nutanix has filed for its long-awaited public offering, the latest indication that the IPO window may still be open for some highly valued tech companies. Based in San Jose, California, Nutanix is not profitable, and for the fiscal year ending July 31, 2015 it lost $126.1 million. Underwriting banks include Goldman...

  • Storage tech company Nutanix files for IPO Tuesday, 22 Dec 2015 | 6:04 PM ET

    SAN FRANCISCO, Dec 22- Storage startup Nutanix has filed for its long-awaited public offering, the latest indication that the IPO window is still open for some highly valued tech companies. Nutanix, based in San Jose, California, is not profitable, and for the fiscal year ending July 31, 2015 it lost more than $126.1 million. Underwriting banks include Goldman...

  • The portfolio manager, Sheila Huang, agreed to be barred from the industry and pay a $125,000 penalty, according to the settlement between the SEC, Morgan Stanley Investment Management Inc and Huang. A Societe Generale brokerage unit trader who assisted Huang in the schemes also agreed to be barred, the SEC said. The arrangement would enable Huang to buy back the...

  • U.S. prosecutors had sought a sentence of over three years in prison for Galen Marsh, who worked in Morgan Stanley's private wealth management division and was fired last January in connection with the data breach. District Judge Kevin Duffy in Manhattan instead sentenced Marsh to three years of probation and ordered him to pay Morgan Stanley $600,000 in...

  • LONDON, Dec 22- Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows. In recent months, the seven investment and corporate banks operating in London reported figures showing they paid a combined $31 million in...

  • GoPro partners with PlayStation to stream video Tuesday, 22 Dec 2015 | 9:00 AM ET
    Nick Woodman, CEO, GoPro, showing the Hero4 Session

    The action camera maker said Tuesday that the GoPro Channel will be available on the PlayStation 4 and PlayStation 3 systems.

  • *China outbound M&A climbs to record $102 bln in 2015. Asia-Pacific M&A totalled $1.2 trillion so far this year, up 46 percent from last year, preliminary data from Thomson Reuters showed, as China rediscovered an appetite for outbound deals after 2014' s 20 percent drop. "China is on the move, we are preparing for a busy year for deal making," said Joseph Gallagher, head...

  • HONG KONG, Dec 22- Asia-Pacific mergers and acquisitions hit a record $1.2 trillion so far in 2015, preliminary data released by Thomson Reuters showed. Goldman Sachs was the top M&A adviser, followed by Morgan Stanley and HSBC Holdings plc. *According to estimates from Thomson Reuters/ Freeman Consulting Co.

  • *S&P, Dow on track for worst 2- day run since Nov. 1. The Dow and the S&P 500 were on track for their worst two-day run since Nov. 1, and the Nasdaq since mid-November, almost erasing gains from the three-day rally up to the Federal Reserve's interest rate hike on Wednesday. There's no new news that's any kind of substance that's driving this, "said Jeff Powell, managing...

  • *Europe's 10 biggest banks announced 130,000 job cuts since June. By Anjuli Davies, Sinead Cruise and Steve Slater. LONDON, Dec 21- Regulation, anaemic economic growth and technology changes will force banks across Europe to find more savings in 2016, with jobs likely to be the biggest casualty, according to investors and analysts.

  • UPDATE 6-Brent crude skids to lowest since 2004 Monday, 21 Dec 2015 | 4:26 AM ET

    *Russia, OPEC pump at near-record rates. *Iraq devalues dinar, Azerbaijan ditches forex peg. Oil production is running close to record highs and, with fresh barrels poised to enter the market from the likes of Iran, the United States and Libya, the price of crude is set for its largest monthly percentage decline in seven years.

  • LONDON/ MOSCOW, Dec 21- Trafigura is expanding its ties with Russia's Rosneft and is likely to become its biggest buyer next year when the Swiss commodities trader adds refined products to its already huge purchases of crude oil. Only China as a country is buying more oil and products from Russia. Rosneft has been expanding its deals with Trafigura as its own...

  • *S&P, Dow on track for worst 2- day run since Nov. 1. The Dow and the S&P 500 were on track for their worst two-day run since Nov. 1, and the Nasdaq since mid-November, almost erasing gains from the three-day rally up to the Federal Reserve's interest rate hike on Wednesday. There's no new news that's any kind of substance that's driving this, "said Jeff Powell, managing...

  • Dec 18- Yirendai Ltd, the consumer finance arm of Chinese peer-to-peer lender CreditEase, made a tepid U.S. market debut on Friday, with its shares trading around the offer price. Yirendai's initial public offering, the last one of the year on U.S. exchanges, raised $75 million after its American Depository Shares were priced at $10 each, the midpoint of the expected...