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  • HONG KONG, Nov 28- Hong Kong shares finished down on Friday, shrugging off a massive rally in mainland shares as rumours swirled about the launch of deposit insurance regulations for mainland banks. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, unchanged at HK $0.02 South East Group, up 28.4 percent to HK $0.29 and Bank Of...

  • *Saudi Arabia, OPEC have "relinquished" their balancing role in the oil market- SocGen. OPEC's decision, which came after Saudi Arabia blocked calls from poorer members of the Organization of the Petroleum Exporting Countries for output reductions, led to a rout in oil prices on Thursday. Saudi Arabia and OPEC had "relinquished" their role to balance the market from...

  • European stocks steady; oil shares tumble again Friday, 28 Nov 2014 | 3:12 AM ET

    PARIS, Nov 28- European shares were steady on Friday morning, pausing after a five-session winning streak, while a further drop in crude oil prices kept the pressure on energy shares. Total was down 3.3 percent, Seadrill down 5.9 percent and Saipem down 3.1 percent. At 0807 GMT, the FTSEurofirst 300 index of top European shares was down 0.05 percent at 1,391.30...

  • UPDATE 1-Russian assets sink from oil price collapse Friday, 28 Nov 2014 | 2:56 AM ET

    MOSCOW, Nov 28- Russian assets sank early on Friday, with the rouble and shares hitting new lows, as oil prices collapsed after OPEC decided to leave its output targets unchanged despite a heavily oversupplied market. Brent crude was last trading at around $71.70 a barrel after falling as much as $6.50 a barrel a day earlier, when the OPEC oil producer group made...

  • MOSCOW, Nov 28- The rouble dropped sharply at market opening on Friday after OPEC decided to leave output unchanged, and the weaker currency dragged the RTS share index to a year low of below 970 points. At 0709 GMT, the rouble was around 1.9 percent weaker than the previous close at 49.56 roubles per dollar and 1.4 percent weaker against the euro at 61.76.

  • SHANGHAI, Nov 28- China indexes rose for the seventh straight session on Friday and produced their biggest monthly gains in nearly two years, thanks to a surge after Beijing's surprise rate cut. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent to 2,808.82, the highest level since September 2011, while the Shanghai...

  • ROUBLE EXTENDS LOSSES VS DOLLAR, DOWN OVER 2 PCT FROM PVS CLOSE AT NEW HISTORIC LOW.

  • *Most Asian shares skid, but Japan, China buck downtrend. TOKYO, Nov 28- Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC's decision to refrain from cutting output despite a supply glut. With U.S. markets shut on Thursday for the Thanksgiving holiday, investors focused on the Organization of Petroleum...

  • TOKYO, Nov 28- Japan's biggest banks have begun including their smaller regional peers in overseas project financing deals- a development pushed for by financial authorities keen for regional lenders to reduce their outsized dependence on government bond investments. Japan has more than 100 regional banks whose combined deposits account for about half...

  • TOKYO, Nov 28- Japanese stocks rose to a two-week high on Friday as a weaker yen helped exporters, while falling oil prices benefited airline and railway stocks such as ANA Holdings Inc and East Japan Railway Co. The Nikkei benchmark ended 1.2 percent higher to 17,459.85, the highest closing price since Nov. 14. Since Oct. 31, the Nikkei gained because of the Bank of...

  • *Asia's Jan-Oct imports from Iran at 1.11 mln bpd, up 20.4 pct. Iran and world powers failed to meet a Nov. 24 deadline for resolving a 12- year-old dispute over Iran's nuclear program and gave themselves until the end of June for further negotiations. Last year's interim agreement that eased some sanctions on Iran in exchange for stepped curtailment of nuclear...

  • TOKYO, Nov 28- Japan's annual core consumer inflation slowed for a third straight month in October due to falling oil prices, highlighting the economic gloom facing Premier Shinzo Abe as he campaigns for a new mandate to implement his stalled recovery plan. "Inflation could continue to slow because oil prices are falling," said Hidenobu Tokuda, senior economist...

  • SHANGHAI, Nov 28- China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months. The People's Bank of China fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix. Chinese oil firms- mainly PetroChina and Sinopec Corp- are primary dollar...

  • TOKYO, Nov 28- Japanese government bonds traded at a negative yield for the first time ever on Friday, thanks to the Bank of Japan's massive asset-purchase scheme as it seeks to stoke inflation and revive an economy that slipped into recession in the third-quarter. Negative yield is an unusual, but not uncommon occurrence- record-low interest rates in Europe, for...

  • TOKYO, Nov 28- Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions. Several automakers in the U.S. have issued regional recalls of certain models to investigate what is causing some Takata air bags to...

  • *Output -2.87 pct in Oct y/y, down a 19th straight month. BANGKOK, Nov 28- Thai factory output fell slightly more than expected in October, suggesting that the country's economic recovery remains fragile six months after the army took power to end political tension and to try restarting growth engines. The Industry Ministry said output was 2.87 percent lower than...

  • Japan bond yield goes negative as BOJ faces oil threat Thursday, 27 Nov 2014 | 11:59 PM ET

    TOKYO, Nov 28- Japanese government bonds traded at a negative yield for the first time ever on Friday, thanks to the Bank of Japan's massive asset-purchase scheme as it seeks to stoke inflation and revive an economy that slipped into recession in the third-quarter. Negative yield is an unusual, but not uncommon occurrence- record-low interest rates in Europe, for...

  • SHANGHAI, Nov 28- China stocks rallied for the seventh straight session on Friday and looked headed for their biggest monthly gain in nearly two years as a surprise interest rate cut and hopes of further policy easing re-ignited demand for mainland shares. Investors had snapped up shares in the lead-up to the launch of the Shanghai- Hong Kong stock connect...

  • Staff fear the chop in Samsung Elec annual reshuffle Thursday, 27 Nov 2014 | 11:40 PM ET

    SEOUL, Nov 28- Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs. Squeezed by Chinese rivals like Xiaomi Technology at the low end and Apple's iPhones at the top, Samsung's share of the smartphone market has also...

  • *OPEC decides against cutting output. Investors took aim at currencies of oil-rich countries as oil prices fell after the OPEC decision. The yen weakened as falling oil prices softened Japan's inflation outlook, fanning expectations of more policy easing by the Bank of Japan.