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  • LONDON, Dec 17- Russian oil giant Rosneft is expected to repay a $7.6 billion portion of a bridge loan that matures on Sunday, bankers close to the deal said. The loan is part of a larger $12.7 billion, two-year bridge loan signed in December 2012 that backed Rosneft's acquisition of oil company TNK-BP. The loan providers are confident the repayment will happen,...

  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • SYDNEY, Dec 17- An uneasy calm settled on Asian markets on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds. Yields on British, German and Japan sovereign debt had all hit record lows while long-dated U.S. yields reached their lowest since late 2012.. MSCI's index of Asia-Pacific...

  • Final Glance: Banks companies Tuesday, 16 Dec 2014 | 6:41 PM ET

    Bank of America Corp. fell$. 13 or. 8 percent, to $16.72. Citigroup Inc. fell $1.62 or 3.1 percent, to $51.17. Goldman Sachs fell $2.23 or 1.2 percent, to $183.31.

  • SYDNEY, Dec 17- World markets braced for more volatility on Wednesday as tumbling oil prices and a brewing financial crisis in Russia sent investors stampeding for safe havens such as the yen and U.S. The jump in the yen is likely to pressure Japan's Nikkei while fears of capital flight will haunt emerging markets across Asia. MSCI's index of Asia-Pacific shares...

  • *Repsol to buy Canada's 5th largest oil producer. *Repsol offers 56 pct premium to Talisman market value. MADRID, Dec 16- Spain's Repsol has agreed to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $8.3 billion as the drop in oil prices pushes energy companies to take the plunge on big M&A deals.

  • FXCM, one of the biggest platforms catering to online and retail traders of currencies, said the halt stemmed from the expectations of banks that Moscow would impose outright capital controls within the next few days. "As such, FXCM can no longer offer this instrument to our clients and will begin closing any existing client trades in USD/RUB effective at Noon...

  • Midday Glance: Banks companies Tuesday, 16 Dec 2014 | 1:20 PM ET

    Bank of America Corp. rose$. 16 or. 9 percent, to $17.01. Citigroup Inc. fell$. 75 or 1.4 percent, to $52.04. Goldman Sachs rose$. 06 or percent, to $185.60.

  • Mortgage deal monitor: Ocwen review may be flawed Tuesday, 16 Dec 2014 | 12:18 PM ET

    WASHINGTON— The monitor overseeing a national mortgage settlement said Tuesday that Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, has produced unreliable information about its business practices. Joseph Smith, who is monitoring banks' and mortgage servicers' compliance with the $25 billion settlement over foreclosure abuses, said...

  • Levin seeks crackdown on insider commodity trades Tuesday, 16 Dec 2014 | 10:52 AM ET
    Senator Carl Levin

    It's a parting shot at Wall Street by the Michigan Democrat, who is retiring next month.

  • Early Glance: Banks companies Tuesday, 16 Dec 2014 | 10:20 AM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $16.78. Citigroup Inc. fell$. 71 or 1.3 percent, to $52.08. Goldman Sachs fell $1.73 or. 9 percent, to $183.81.

  • WASHINGTON, Dec 16- Ocwen Financial Corp's mortgage servicing operations were criticized on Tuesday by a watchdog who questioned the independence of an internal audit group, adding to previous concerns from regulators. Ocwen is subject to the watchdog's oversight because it had acquired mortgage servicing rights from a unit of Ally Financial Inc. That...

  • NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...

  • BEIJING, Dec 16- 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 that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • UPDATE 4-Repsol to buy Talisman Energy for $13 billion Tuesday, 16 Dec 2014 | 3:15 AM ET

    *Repsol strikes deal to buy Canada 5th largest oil producer. MADRID, Dec 16- Spanish oil company Repsol said on Tuesday it had reached a deal to buy Talisman Energy, Canada's fifth-largest independent oil producer, for $13 billion. Repsol will pay $8.3 billion Repsol for 100 percent of Talisman shares which represents a 56 percent premium to the Calgary- based...

  • BEIJING, Dec 16- 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 that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December from November's final reading of...

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • WASHINGTON, Dec 15- When the U.S. House of Representatives approved a terrorism insurance bill last week, it contained a little-noticed provision that would require at least one member of the Federal Reserve's board to have community banking experience. An earlier version of the legislation that cleared the Senate also contained the provision, suggesting it...

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • Final Glance: Banks companies Monday, 15 Dec 2014 | 6:08 PM ET

    Bank of America Corp. fell$. 28 or 1.6 percent, to $16.85. Citigroup Inc. fell$. 61 or 1.1 percent, to $52.79. Goldman Sachs fell $3.28 or 1.7 percent, to $185.54.