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  • LONDON, Nov 11- Asia- focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 percent of its network, to help save $400 million a year to improve profitability. Ten years of record earnings for Standard Chartered came to an abrupt halt in summer 2012 when it had to pay $667 million for violating U.S. sanctions on Iran. Standard Chartered...

  • German union IG Metall seeks 5.5 percent wage rise Tuesday, 11 Nov 2014 | 5:48 AM ET

    FRANKFURT, Nov 11- Germany's biggest union, IG Metall, will seek a wage rise of up to 5.5 percent next year for the 3.7 million workers in the country's metals and engineering sector, it said on Tuesday.

  • BEIJING, Nov 11- Chinese Premier Li Kiqiang said on Tuesday he regrets Mexico's decision to revoke a $3.75 billion offer to Chinese firms to build a high-speed railway line through Mexico City and wants companies in China to be treated fairly. Li made the comments after meeting Mexican President Enrique Pena Nieto at an Asia-Pacific economic summit in Beijing.

  • LONDON, Nov 11- Gold steadied near $1,150 an ounce on Tuesday as demand for physical metal picked up after the previous day's 2 percent slide, though prices remain under pressure from gains in the dollar and stocks. Buying of physical metal gathered pace in major consumer China on Tuesday, traders said, supporting prices after dollar strength pushed them sharply...

  • *China zinc market shows signs of supply tightness. LONDON/ SYDNEY, Nov 11- Zinc prices were steady on Tuesday as a strike at a Peruvian mine added to existing concerns over an expected tightness in supply next year, even while a strong dollar pushed copper and other metals lower. "The mine supply side for zinc is going to be tight next year, but more recently smelter...

  • MOSCOW, Nov 11- The rouble extended losses on Tuesday to trade over 2 percent lower than the previous close against the dollar, as oil prices slid and as demand for dollars picked up after the central bank discontinued its regular forex market interventions.

  • BERLIN, Nov 11- The German government is considering reducing its stakes in Deutsche Telekom and Deutsche Post, and could revive the idea of selling shares in rail operator Deutsche Bahn depending on market conditions, according to a finance ministry document seen by Reuters. It says a further sale of Berlin's stake in Deutsche Telekom should be "carefully...

  • RUSSIAN ROUBLE EXTENDS LOSSES TO TRADE 2 PCT LOWER THAN PVS CLOSE.

  • Russian PM says no reason for rouble to weaken further Tuesday, 11 Nov 2014 | 4:35 AM ET

    MOSCOW, Nov 11- Russian Prime Minister Dmitry Medvedev said on Tuesday there were no fundamental reasons for the rouble to weaken further and ruled out restrictions on foreign currency sales. "The position of the government and the central bank is absolutely united- there should be no restrictions on foreign currency sales," Medvedev told a government meeting.

  • LONDON, Nov 11- European stocks rose on Tuesday, with investors in bullish mood after Wall Street notched up a fourth straight record close and Tokyo's Nikkei hit a seven-year high on talk that a Japanese sales tax increase may be delayed. Oil prices fell further, with Brent crude dropping to a four-year low below $82 a barrel. European shares were also boosted by...

  • RUSSIAN PRIME MINISTER MEDVEDEV SAYS RUSSIA WILL NOT INTRODUCE RESTRICTIONS ON FOREIGN CURRENCY SALES.

  • RUSSIAN PRIME MINISTER MEDVEDEV SAYS THERE IS NO FUNDAMENTAL REASON FOR FURTHER ROUBLE WEAKENING.

  • UPDATE 1-Rouble erases gains one day after full float Tuesday, 11 Nov 2014 | 4:25 AM ET

    MOSCOW, Nov 11- The rouble weakened on Tuesday, giving up some of the strong gains from the previous two sessions as oil prices slid and as demand for dollars picked up after the central bank discontinued its regular forex market interventions a day earlier. The central bank has warned it could still intervene to defend the rouble if risks to financial stability...

  • LONDON, Nov 11- Brent crude was trading below $82 per barrel on Tuesday after hitting a four-year low, as a firm dollar and robust production from U.S. shale oilfields outweighed a drop in Libyan output. Brent crude for December fell $1.11 to $81.23 per barrel, its lowest since October 2010, and was trading at around $81.90 by 0905 GMT. "The path of least resistance is...

  • LONDON, Nov 11- The dollar climbed to a seven-year high against the yen on Tuesday after a Japanese government official told Reuters that Prime Minister Shinzo Abe was likely to delay a planned sales tax increase. The dollar hit 116.02 yen on trading platform EBS, up 0.9 percent up on the day and its highest level since October 2007. Simon Derrick, head of currency...

  • LONDON, Nov 11- Standard Chartered plans to cut 80-100 retail branches in 2015 as part of its plan to save $400 million a year to improve profitability, according to slides the Asia- focused bank released on an investor roadshow. Standard Chartered said in the slides its retail bank's potential returns were being held back by high costs. It had 1,248 branches at the...

  • LONDON, Nov 11- Vodafone, the world's second-biggest mobile operator, nudged its full-year earnings forecast higher on Tuesday as improving demand in its big European markets and an investment push into new products helped reduce a drop in revenues. Faced with increased competition from entertainment groups and fixed-line providers, Vodafone also said it...

  • *Henkel, Hochtief boosted by strong results. LONDON, Nov 11- European shares inched higher on Tuesday, boosted by upbeat updates from telecoms operator Vodafone and German companies Henkel and Hochtief. Russia is Henkel's fourth-largest market with annual sales of about 1 billion euros.

  • MUMBAI, Nov 11- India raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks. Assets of shadow banks, which include Capital First Ltd, Mahindra& Mahindra Financial Services Ltd...

  • *Dubai Parks and Resorts in $2.9 billion project. DUBAI, Nov 11- A Dubai company plans to launch a $689 million initial public offer of shares this month as it builds a $2.9 billion amusement park complex which is key to the emirate's drive to expand as an international tourist destination. Dubai Parks and Resorts, part of the government-owned Meraas investment...