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  • *Oil price plunge knocks Norway, Canadian dollar lower. NEW YORK, Dec 12- The U.S. dollar cut its losses against the euro, extended gains against the yen and reached an 11- year high against the Norwegian crown on plunging oil prices and stronger-than-expected U.S. economic data on Friday. U.S. consumer sentiment rose to an eight-year high in December, above...

  • NEW YORK, Dec 12- Holders of U.S. inflation bonds are feeling the pain as tumbling oil prices intensify fears of global disinflation and a possible interest rate increase by the Federal Reserve next year. Treasury Inflation-Protected Securities, commonly known as TIPS, become more popular when investors sense inflation is quickening. Since September,...

  • WASHINGTON, Dec 12- Pessimism and doubt have dominated how Americans see the economy for many years. Expectations for a better job market helped power the Thomson Reuters/ University of Michigan index of consumer sentiment to a near eight-year high in December, according to data released on Friday. "Surging expectations signal very strong consumption over the...

  • *WTI crude falls below $58 a barrel. NEW YORK, Dec 12- U.S. stocks fell on Friday, putting the benchmark S&P 500 on track for its first weekly decline in eight, following a further drop in oil prices and disappointing data out of China, the world's second-biggest economy. "It's a time when most managers have underperformed their benchmarks so rather than stepping up to...

  • WRAPUP 2-Americans turn more bullish on spending Friday, 12 Dec 2014 | 11:19 AM ET

    WASHINGTON, Dec 12- U.S. consumer confidence rose in December to a near eight-year high, a sign that falling gasoline prices and expectations of a better job market could give a boost to the economy. The Thomson Reuters/ University of Michigan's consumer sentiment index rocketed up to 93.8 this month, according to a preliminary reading released on Friday.

  • *Oil price plunge knocks Norway, Canadian dollar lower. NEW YORK, Dec 12- The U.S. dollar cut its losses against the euro, extended gains against the yen and reached an 11- year high against the Norwegian crown on plunging oil prices and stronger-than-expected U.S. economic data on Friday. U.S. consumer sentiment rose to an eight-year high in December, above...

  • US STOCKS-Wall St declines as oil tumbles further Friday, 12 Dec 2014 | 10:17 AM ET

    *WTI crude falls below $59 a barrel. NEW YORK, Dec 12- U.S. stocks dipped on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices slumped further. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will see it in the opposite direction, probably towards the $50 range...

  • *Adobe up in premarket after results; to buy Fotolia. NEW YORK, Dec 12- U.S. stocks were set for a lower open on Friday, putting the benchmark S&P 500 on track to snap seven straight weeks of gains, after oil prices fell and Chinese data disappointed. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will...

  • India and Indonesia currently look the most promising, fund managers say, following the election of pro-business governments on a ticket to introduce reforms that will open up state companies to foreign investment and cut red tape. "Reformers are performers," said Bill Street, head of investments for Europe, the Middle East and Africa at State Street.

  • LONDON, Dec 12- Britain has all the right ingredients for an M&A boom, upbeat company bosses, a vibrant economy and a buoyant stock market, but dealmaking is lagging behind the rest of the world. In Britain, although M&A activity is up compared to 2013, it has been flat for the last five years. Ten years ago, dealmaking in Britain, Europe's financial hub and home to some of...

  • NEW YORK, Dec 12- U.S. stock index futures fell on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices fell and Chinese data disappointed. *Brent crude slipped to a low of $62.75, its lowest since July 2009, and was last down 0.6 percent at $63.30. WTI crude dropped below $60 a barrel and was last down 1 percent at $59.37 as worries...

  • US STOCKS-Futures lower on China data, oil decline Friday, 12 Dec 2014 | 7:48 AM ET

    NEW YORK, Dec 12- U.S. stock index futures fell on Friday, putting the S&P 500 on track to snap a seven-week run of gains, as oil prices declined and after disappointing data in China. *Brent crude slipped to a low of $62.75, its lowest since July 2009, and was last down 0.6 percent at $63.30. WTI crude dropped below $60 a barrel and was last down 1 percent at $59.37 as worries...

  • SQUEEZED FX BROKERS FACE CHOICE: MERGE OR SPEND BIG ON TECH@* Boom in M&A for mostly London- based specialist brokers* Brokers made millions undercutting banks on corporate FX* But squeeze coming from spread of multi-dealer platforms. LONDON, Dec 12- Next year may prove a watershed for a generation of London forex entrepreneurs who have made millions undercutting...

  • China stock researchers in demand to comfort foreign cash Thursday, 11 Dec 2014 | 11:06 PM ET

    *HK-Shanghai link opens up China shares to foreign investors. HONG KONG, Dec 12- China stockpickers are becoming hot property as global banks compete for talent capable of piercing the veil of opacity and weak governance that is deterring some investors from taking advantage of new opportunities to trade Chinese shares. China stocks have been soaring in...

  • BUENOS AIRES, Dec 10- Argentina launched on Wednesday its first dollar-denominated bond sale since its latest default, and will likely meet strong demand from investors seeking big positions in high-yielding Argentine debt, local market players said. Argentina said it wanted to show it can pay its debts. Argentina has issued little debt since its record 2002...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Dec 10- The change atop United Technologies Corp has set off speculation the U.S. conglomerate may eventually shake up its diverse industrial businesses, including possibly divesting its Sikorsky helicopter unit. Shares of United Technologies have climbed 4 percent since the company announced on Nov. 24 that Chief Financial Officer Greg Hayes replaced...

  • Tesco's troubles split funds seeking oversold stocks Wednesday, 10 Dec 2014 | 12:03 PM ET

    *Harris Associates a big seller. LONDON, Dec 10- A halving of Tesco's share price is luring only the boldest active fund managers back into Britain's top supermarket group, with many still unpersuaded it can recover from a year of disasters. While still Britain's biggest grocer by far, Tesco's days of achieving startling growth appear to be over.

  • NEW YORK, Dec 9- Billionaire news and information mogul Michael Bloomberg replaced the founding editor at his eponymous news service with Economist Editor-in-chief John Micklethwait, moving aggressively to broaden the one-time financial newswire beyond its core Wall Street audience. The announcement on Tuesday marks the latest shakeup since Michael...

  • TORONTO, Dec 9- The purchase of upscale U.S. retailer Saks Inc helped Canadian department store operator Hudson's Bay Co nearly double retail sales and post a smaller quarterly loss on Tuesday. While its earnings per share were slightly below expectations, Hudson's Bay stock rebounded from early losses to rise 2.1 percent to C $23.99 in Toronto.