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COMMERZBANK AG

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  • *Germany's No. 2 bank to intensify reforms. FRANKFURT, Dec 23- Commerzbank boss Martin Blessing has restored the German lender to health but it is unlikely to meet ambitious 2016 turnaround targets as it faces tough competition at home and a stagnating European economy. "When Commerzbank set out its 2016 targets in 2012, no one could have predicted the...

  • Analysts estimate the bloc's biggest sovereign borrowers will sell a third more debt than in 2014, with Germany the notable exception as it aims to eliminate its budget deficit. Investors, on the other hand, will seek higher yields from lower-rated issuers such as Italy, Spain and Portugal, reassured by expectations that the European Central Bank will become a...

  • Dec 22- Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output, a Reuters monthly survey showed. The Organization of the Petroleum Exporting Countries' agreement last month to stand pat on output meant the onus for any supply...

  • Expectations of more Japan stimulus weighs on yen. LONDON, Dec 19- The yen fell on Friday amid expectations of further stimulus next year to bolster Japanese inflation and also on a revival of global risk sentiment after battered oil prices and Russia's rouble stabilised. BoJ chief Haruhiko Kuroda said Japan was still halfway towards meeting an inflation goal...

  • UPDATE 5-Oil falls below $59 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 7:55 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • UPDATE 4-Oil holds below $60 as OPEC, Russia keep pumping Wednesday, 17 Dec 2014 | 6:34 AM ET

    *OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude held below $60 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."

  • *U.S. crude slips on API data, after closing up 2 cents near $56. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied...

  • *Brent closes down, but off lows at above $60. NEW YORK, Dec 16- Brent crude futures fell for a fifth straight day on Tuesday to end below $60 a barrel while U.S. crude finished a volatile session slightly higher as trading of expiring options helped defend the price above $55. While both markets rebounded from session lows, U.S. crude saw frenzied trading that pushed it...

  • NEW YORK, Dec 16- U.S. crude oil futures bounced off 5-1/ 2- year lows on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with U.S. options set to expire later in the day. Global benchmark Brent crude also pared losses after plumbing a July 2009 low below $59, but remained stuck below $60 a barrel as major oil producers said they were in no rush...

  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators.

  • LONDON, Dec 16- Russia's failed defense of the rouble and a plummeting oil price added to a global emerging markets rout on Tuesday that sent bourses lower in Asia, the Middle East and Europe. The MSCI emerging stocks index traded 1.6 percent lower, on track for an eighth day in the red while the Asia excluding Japan benchmark dropped 0.7 percent.

  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Broader market sentiment was soured as Brent oil futures sank towards $59 per barrel for the first time since May 2009, while Russia's central bank raised...

  • emerging market selloff@ Dec 16- An aggressive overnight interest rate hike by Russia's central bank prompted a short-lived recovery in the rouble that quickly faded on Tuesday amid a broad emerging market selloff. The MSCI emerging stocks index traded 0.85 percent lower, on track for an eighth day in the red amid a wave of risk aversion after the Russian...

  • *Company bonds fall as much as 4.3 cents in dollar as rouble slumps. LONDON, Dec 15- Dollar bonds of Russian companies suffered a fresh selloff on Monday, as the rouble's fall past the 60- per-dollar level and the threat of more sanctions fanned fears about future debt repayments. Adding to pressure on Russian markets was news that the U.S. Congress had passed a bill...

  • NEW YORK/ LONDON, Dec 12- Gold edged lower on Friday as some buyers cashed in recent gains, but the metal had its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite. Gold was up 2.5 percent this week after Tuesday's big rally. Spot gold was down 0.5 percent at $1,221.66 an ounce by 3:38 p.m. EST, while U.S. gold futures for...

  • "In Russia, it's a one-for-one correlation with the oil price," said Commerzbank Senior Emerging Markets Economist Tatha Ghose. The MSCI emerging stocks index traded 0.2 percent lower, having lost almost 6 percent since the start of the year. And there was little prospect of respite ahead for the weeks to come, according to Commerzbank's Ghose.

  • NEW YORK, Dec 11- Commerzbank AG's expected settlement with authorities over alleged violations of U.S. sanctions and anti-money laundering laws is likely to exceed $1 billion in penalties, according to a person familiar with the probes. Margarita Thiel, a spokeswoman for Commerzbank, Germany's second-largest lender, declined to comment.

  • UPDATE 6-Oil slips towards $64, oversupply weighs Thursday, 11 Dec 2014 | 9:56 AM ET

    *Commerzbank cuts 2015 Brent forecast to $73. Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut. "We may see some technical bounces, but it is too soon to speak of a sustainable price...

  • *Commerzbank cuts 2015 Brent forecast to $73. *OPEC sees lower demand, Saudi questions need for output cut. Crude prices sank on Wednesday as OPEC forecast an increasing supply surplus in 2015, U.S. crude inventories unexpectedly rose and OPEC's most influential voice, Saudi Arabia's oil minister, shrugged off the need for an output cut.

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. *WTI falls almost $2 to $61.97/ bbl, lowest since July 2009. U.S. crude was down $1.69 at $62.13, having fallen $1.85 to $61.97 in early New York trading, its lowest since July 2009.