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  • *EU Commission head's investment plan big enough to count. BRUSSELS, Nov 16- New European Commission President Jean-Claude Juncker is preparing a 300 billion euro investment plan he will present as a cornerstone of efforts to revive an ailing economy. "It is significant," said Carsten Brzeski, economist at ING bank in Frankfurt.

  • *OPEC meets on Nov. 27, traders sceptical group will act. LONDON, Nov 14- Oil traded above $78 a barrel on Friday having earlier hit a four-year low, pressured by excess supply and scepticism that OPEC producers will agree to cut output when they meet in Vienna in two weeks' time. The International Energy Agency, which usually refrains from predicting oil prices, said in...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude fell to a four-year low below $79 a barrel on Thursday after Chinese data showed further economic slowdown, Saudi Arabia kept silent about a possible cut in production and crude stocks built up at a key U.S. delivery point. Brent crude for December was down by $1.40 at $78.98 a barrel by 1615...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world's biggest energy consumer and Saudi Arabia remained silent about a possible cut in production. Brent crude for December, which expires on Thursday, fell $1.03 a...

  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world's biggest energy consumer and Saudi Arabia remained silent about a possible cut in production. Brent crude for December, which expires on Thursday, fell 83...

  • LONDON, Nov 13- The dollar moved towards a recent seven-year high against the yen on Thursday, driven by speculation that Japanese Prime Minister Shinzo Abe will call a snap election in December. The dollar was up 0.2 percent at 115.70 yen, nearing the seven-year high of 116.11 yen notched on Tuesday. "Dollar/yen is headed higher and all those who missed the bus at...

  • The European staples resisting Russia's downturn Thursday, 13 Nov 2014 | 2:20 AM ET
    A Carlsberg advertisement

    Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.

  • PRECIOUS-Gold pares earlier gains to trade flat; dollar up Wednesday, 12 Nov 2014 | 11:51 AM ET

    NEW YORK/ LONDON, Nov 12- Gold prices were little changed on Wednesday as dollar gains pulled the metal down from earlier highs, and overall sentiment stayed with the bears as outflows from bullion funds showed no sign of slowing. The greenback edged up against a basket of major currencies, but rose to a 14- month high against the British pound as investors pushed...

  • LONDON, Nov 12- Gold steadied on Wednesday as gains in the dollar pulled the metal down from earlier highs, and overall sentiment stayed with the bears as outflows from bullion funds showed no sign of slowing. Spot gold was flat at $1,164.65 an ounce by 1451 GMT, off an intraday high of $1,169.90. "The higher low yesterday seems to have given gold a new lease of life,...

  • *Worst of Russia pain, rouble slide still to come. Whether due to' recession-proof' products or because the companies have been able to offset pain in Eastern Europe with growth elsewhere, brewer Carlsberg and detergent-and-cosmetics group Henkel are among firms whose third-quarter results beat market forecasts, despite their exposure to Russia.

  • LONDON, Nov 12- Gold rose on Wednesday as the dollar retreated from earlier highs, but overall sentiment stayed with the bears as outflows from bullion funds showed no sign of slowing. Holdings in SPDR Gold Trust, the world's top gold-backed exchange-traded fund, fell 0.12 percent to 724.46 tonnes on Tuesday- a six-year low. "The overall backdrop is still negative...

  • *OPEC cut unlikely- Kuwait oil minister. LONDON, Nov 10- Brent crude rose by $1 to above $84 a barrel on Monday, climbing for a second straight session as protests in Libya disrupted supply and the U.S. dollar fell away from four-year highs. "These developments highlight the ongoing chaos in Libya, and we should see a production level of 600,000 to 700,000 barrels a day...

  • IG Metall seeking wage rise of up to 6 percent Friday, 7 Nov 2014 | 8:15 AM ET

    HAMBURG, Nov 7- Germany's biggest union IG Metall is likely to seek wage rises of up to 6 percent next year for the 3.7 million workers in the country's metals and electrical sector, despite a backdrop of slowing growth and low inflation in Europe's largest economy. Two regional branches of the union in northern Germany agreed on Friday to push for salary...

  • *OPEC sees lower market share due to U.S. shale boom. LONDON, Nov 7- Brent crude oil steadied below $83 a barrel on Friday, consolidating after several months of sharp falls as the dollar hit a four-year high ahead of U.S. jobs figures. The benchmark hit a four-year intra-day low of $81.63 on Wednesday, down from a high above $115 in June.

  • *OPEC sees lower market share due to U.S. shale boom. LONDON, Nov 7- Brent crude oil fell below $83 a barrel on Friday after the dollar hit a four-year high and supplies of high quality, light crude continued to overwhelm demand in many markets. Brent was down 30 cents at $82.56 a barrel by 0930 GMT.

  • *Gold set for bigger drop after breaking chart support. *Silver languishes near 4-1/ 2 year lows. LONDON, Nov 6- Gold edged higher on Thursday as a slump in prices to four-year lows tempted some buyers back to the market, but moves were muted ahead of key U.S. non-farm payrolls data due at the end of the week.

  • POLL-Zloty seen leading firming of CEE currencies Thursday, 6 Nov 2014 | 7:25 AM ET

    BUDAPEST, Nov 6- Poland's zloty is expected to lead a firming of Central European currencies against the euro in the next 12 months as the region's economies are set to outperform the struggling euro zone, analysts said in a Reuters poll. The consensus forecasts show the Czech crown gaining 1.3 percent to 27.45 versus the euro, Hungary's forint strengthening 0.8...

  • LONDON, Nov 5- Brent oil touched a new four-year low on Wednesday, briefly sinking below $82 a barrel after weak Chinese and European data, but U.S. crude rose on strong employment figures and a surprise fall in inventories. Brent crude for December fell 35 cents to $82.47 a barrel by 1450 GMT, having earlier reached the day's low of $81.63, its weakest since October...

  • MILAN/ LONDON, Nov 5- Italy's Monte dei Paschi di Siena is likely to tap investors for up to 2.5 billion euros next year to fill a capital shortfall laid bare by recent stress tests, pay back state aid and prepare itself for a possible takeover, banking sources said. The future of Italy's third biggest bank, the world's oldest, has been hanging in the balance after a...

  • LONDON, Nov 5- The dollar hit a seven-year high against the yen and a 4-1/ 2 year peak against a basket of currencies on Wednesday after victories for the pro-business Republicans in U.S. mid-term elections. Republicans rode a wave of voter discontent to seize control of the U.S. Senate in a punishing blow to President Barack Obama that will limit his political...