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  • BRUSSELS, Dec 3- U.S. and EU leaders on Wednesday will pledge to work together on sanctions and on strengthening Europe and Ukraine's energy security as they seek to present a united front to Russia, according to a draft document seen by Reuters. Throughout the year, the United States has led the push for tougher sanctions, while many governments in Europe, afraid...

  • Option pricing shows yen's loss of safe-haven status Wednesday, 3 Dec 2014 | 4:07 AM ET

    TOKYO, Dec 3- Once known for its safe-haven characteristics of appreciating fast and depreciating slowly, the yen is being treated in a diametrically opposite fashion by an options market that is pricing in faster falls than gains in the Japanese currency. As the yen buckles under the Bank of Japan's massive money printing, just about every market player...

  • LONDON, Dec 3- The euro slid to a 27- month trough against a buoyant dollar on Wednesday, a day ahead of a crucial European Central Bank meeting that could pave the way for more easing measures in the euro zone. New York Fed President William Dudley reiterated on Tuesday that for now the dramatic drop in oil prices- down more than 30 percent since June- was a net benefit...

  • LONDON, Dec 3- Heavy discounting failed to stop euro zone business activity growing less than thought last month, a survey showed on Wednesday, suggesting the bloc's economy may contract again early next year. "The region is on course to see a mere 0.1 percent GDP growth in the final quarter of the year, with a strong likelihood of the near-stagnation turning to...

  • *OPEC oil supply falls 340,000 bpd in Nov due to Libya- survey. Brent for delivery in January rose 62 cents to $71.16 a barrel by 0839 GMT after falling $2 on Tuesday. U.S. crude for January delivery was at $67.54 a barrel, off the day's high of $67.97, but up 66 cents from the previous session when prices dropped more than $2.

  • RUSSIAN AGRICULTURE MINISTRY SAYS SYRIA WANTS INCREASED GRAIN EXPORTS FROM RUSSIA.

  • Airbus, Safran inaugurate space launcher venture Wednesday, 3 Dec 2014 | 3:45 AM ET

    PARIS, Dec 3- Aerospace groups Airbus and Safran formally inaugurated a joint venture to pool their space launcher activities on Wednesday, aiming to secure the future of the Ariane rocket and cut costs in the face of U.S. launch rival SpaceX. The announcement came after 20 European nations agreed at ministerial talks in Luxembourg to launch the Ariane 6 in 2020..

  • MOSCOW, Dec 3- The rouble plunged further on Wednesday, shrugging off data confirming that the Russian central bank had resumed forex market interventions on Monday and dragged lower by forecasts for recession next year. The rouble opened broadly flat on Wednesday, supported by a slight firming of the oil price, but resumed its slide after the central bank...

  • European shares inch up as Nordic telecoms rally Wednesday, 3 Dec 2014 | 3:10 AM ET

    PARIS, Dec 3- European stocks rose in early trading on Wednesday, with Nordic telecom operators Telenor and TeliaSonera rallying after agreeing to merge their Danish operations. Shares in Telenor rose 2.3 percent while TeliaSonera added 1.5 percent after unveiling their join-venture deal. At 0808 GMT, the FTSEurofirst 300 index of top European shares was up...

  • HONG KONG, Dec 3- Hong Kong shares reversed earlier gains and finished down on Wednesday as money flowed into the bullish mainland markets, analysts said. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, down 5.9 percent at HK $0.02, Bank Of China, down 1.0 percent at HK $4.03 and ICBC, down 0.2 percent at HK $5.22.

  • MOSCOW, Dec 3- The MICEX index of Russian stocks rose above 1,600 points on Wednesday for the first time since March 2012. At 0802 GMT the MICEX was up 1.2 percent on the day at 1,602 points. The rouble-based MICEX is helped by a weakening of the rouble.

  • But in London they play to sell-out crowds at top venues- one sign of how rising immigration is changing Britain's population and economy. For Clementine Bunel, a French concert promoter who moved to London to tap into its young and fast-growing international market, it's also a demonstration of how the borders between Britain and the rest of the world are...

  • SYDNEY, Dec 3- Australia's first initial public offering in a medicinal marijuana company is three times oversubscribed, giving high hopes to its founder's ambitions to become "the George Clooney of medicinal cannabis". Founder and executive director Ross Smith said investors- some from as far afield as Russia and the United States- have already asked for...

  • *RUSSIAN MICEX INDEX CROSSES 1,600 POINTS Wednesday, 3 Dec 2014 | 2:56 AM ET
  • ZURICH, Dec 3- Switzerland's economy grew 0.6 percent in the third quarter from the previous three months, twice as fast as expected and helped by private consumption and exports of chemical and pharmaceutical products, data showed on Wednesday. While Switzerland's manufacturing sector contributed to economic growth in the third quarter, other data shows...

  • UPDATE 2-Brent holds above $70 in turbulent oil market Wednesday, 3 Dec 2014 | 2:43 AM ET

    *OPEC oil supply falls 340,000 bpd in Nov due to Libya- survey. The market has swung between sharp gains and losses since OPEC said last week that it would maintain steady output in an oversupplied market. Brent hit a high of $71.46 a barrel before trading up 13 cents at $70.67 by 0731 GMT, after falling $2 on Tuesday.

  • SINGAPORE/ SYDNEY, Dec 3- The dollar hit a seven-year peak against the yen on Wednesday, following a rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. The greenback also rose against the Australian dollar, which slid to a four-year low after data showed Australia's economy unexpectedly slowed last...

  • MOSCOW, Dec 3- The Russian central bank said on Wednesday it had conducted 36.87 billion roubles worth of forex market interventions on December 1, its first interventions since November 10 when it floated the rouble.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.5 percent, to 2,967.55 points, while the Shanghai Composite Index gained 0.6 percent, to 2,779.53 points. Among the most active stocks in Shanghai were Minsheng Bank, up 4.2 percent at 8.24 yuan; Bank Of China, down 4.49 percent at 3.40 yuan and Everbright Bank, down 5.00 percent at 3.99...

  • Dollar index rises to highest since March 2009 Wednesday, 3 Dec 2014 | 2:12 AM ET

    SINGAPORE, Dec 3- The dollar rose on Wednesday to its highest in more than 5-1/ 2 years against a basket of currencies, helped by this week's rise in U.S. bond yields and Federal Reserve officials' mostly upbeat comments on the outlook for the U.S. economy. The dollar index touched a peak of 88.709, its loftiest level since March 2009. It was last steady on the day at 88.667.