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  • While Russia has minimal sovereign foreign debts, Russian state and private companies and banks have accumulated a total of $600 billion in foreign debts of which around $100 billion are due next year. The ability to repay the money was severely reduced this year by Western sanctions imposed on Russia which effectively shut access by companies and banks to...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.8 percent, to 3,230.39, while the Shanghai Composite Index lost 1.9 percent, to 2,972.53 points, dropping below 3,000- considered a sentiment support level- for the first time since Dec. 17. Among the most active stocks in Shanghai were GD Power, up 0.9 percent to 4.53 yuan; Bank Of China,...

  • MOSCOW, Dec 24- Russia's central bank said on Wednesday it would start lending money in hard currencies to companies and banks willing to put their foreign loans as collateral.

  • Russian rouble firms slightly at opening on Wednesday Wednesday, 24 Dec 2014 | 2:07 AM ET

    MOSCOW, Dec 24- The Russian rouble opened slightly stronger on Wednesday, extending its gains seen earlier this week.

  • MOSCOW, Dec 24- The Russian central bank said on Wednesday it had conducted no foreign exchange market interventions on Dec. 22.

  • *RUSSIAN MICEX INDEX OPENS - 0.5 PCT DOWN ON WEDNESDAY Wednesday, 24 Dec 2014 | 2:00 AM ET
  • *CENBANK SAYS MOVE TO HELP STABILISE RUSSIAN ROUBLE Wednesday, 24 Dec 2014 | 2:00 AM ET
  • *CENBANK SAYS MOVE TO HELP STABILIZE RUSSIAN ROUBLE Wednesday, 24 Dec 2014 | 2:00 AM ET
  • CENBANK SAYS DECISION TO HELP RUSSIAN FIRMS TO REFINANCE FX LOANS.

  • RUSSIA C.BANK SAYS INTRODUCES NEW FX LOANS BACKED BY FX COLLATERAL.

  • Nikkei jumps to 2-1/2 week high on rosy U.S. data Wednesday, 24 Dec 2014 | 1:18 AM ET

    TOKYO, Dec 24- Japanese stocks rallied on Wednesday after Wall Street hit a record closing-high on the back of data pointing to rapid momentum in the U.S. economy, which boosted risk appetite and lent weight to last week's positive assessment by the Federal Reserve. The Nikkei benchmark gained 1.2 percent in thin trade to 17,854.23, its highest close since Dec. 8...

  • *SMBC buying Citi retail ops for about $330 mln. TOKYO, Dec 24- Sumitomo Mitsui Banking Corp will buy Citigroup Inc's Japanese retail banking operations in October for about 40 billion yen, people with knowledge of the matter said on Wednesday. The Citi operations will be merged into SMBC Trust Bank, which will let Citi's retail customers in Japan maintain their...

  • DEALTALK-Dealmakers turn their sights to U.S. billboards Wednesday, 24 Dec 2014 | 1:00 AM ET

    NEW YORK, Dec 24- Billboards, which trace their roots to ancient Egypt, are set to generate a boom in U.S. deal activity as the biggest operators seek to expand in regional markets, investment banking sources said. The four biggest publicly traded outdoor ad companies- Lamar Advertising REIT Co, Clear Channel Outdoor Holdings Inc, Outfront Media Inc and France's J.C...

  • ELAMGULAM, India, Dec 24- Several Indian rubber farmers have put away their tapping knives and switched to planting other crops, as ample global supplies and sinking benchmark prices of the tyre-making raw material squeeze their profit margins. But this means local rubber farmers are likely to miss out on an expected boom in tyre demand from rising car use in...

  • SHANGHAI, Dec 24- China's yuan weakened on Wednesday, changing hands at 6.2307 per dollar at midday, 1.73 percent away from the official midpoint guidance rate, after touching 6.2325 per dollar in early trade, its lowest level since June. The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after stunningly...

  • China stocks fall, some see market stalling Tuesday, 23 Dec 2014 | 11:50 PM ET

    *Hong Kong market shuts, to reopen Monday. SHANGHAI, Dec 24- China stock indexes fell on Wednesday, with signs emerging in futures contracts that what analysts originally saw as a profit-taking blip earlier in the week for mainland stocks may be gaining traction. The Hong Kong market, which closed at midday Wednesday and won't reopen until Monday, edged up.

  • AUTO Yuan midday standard XXX Tuesday, 23 Dec 2014 | 11:48 PM ET

    SHANGHAI, Dec 24- China's yuan weakened on Wednesday, changing hands at 6.2307 per dollar at midday, 1.73 percent away from the official midpoint guidance rate, after briefly touching 6.2325 per dollar in early trade, its lowest level since June. The dollar hovered at its highest in nearly nine years against a basket of major currencies on Wednesday after...

  • Hong Kong shares edge up 0.1 pct in half-day session Tuesday, 23 Dec 2014 | 11:40 PM ET

    HONG KONG, Dec 24- Hong Kong shares finished marginally higher on Wednesday in a short trading session, as the stock exchange closed early for the Christmas holiday and will not reopen until Monday. Among the most actively traded stocks on Hong Kong's main board were ICBC, down 1.3 percent to HK $5.46 CCT Land, unchanged at HK $0.02 and Bank of China, down 0.7 percent...

  • SINGAPORE, Dec 24- Brent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the U.S. dollar held near its highest level in nearly nine years on strong data. Brent for February delivery dropped 54 cents to $61.15 by 0400 GMT after settling up $1.58 on Tuesday. U.S. crude fell 53 cents to $56.59, after settling $1.86 higher...

  • SEOUL, Dec 24- South Korean prosecutors have indicted the local subsidiary of U.S. taxi-hailing service provider Uber Technologies Inc for violating a law governing public transport, Yonhap News Agency reported on Wednesday. The Seoul Central District Prosecutors' Office issued an indictment- which also named Chief Executive Officer Travis Kalanick- for...