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  • LONDON, Dec 12- Brent crude oil slipped on Friday to $63 a barrel, its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook. The market has reacted strongly to the OPEC forecast cut, and it is focusing only on the negative, "said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam.

  • Total social financing, a broader measure of overall liquidity in the economy, jumped 74 percent from October to 1.15 trillion yuan, the People's Bank of China said on Friday. Analysts had expected banks to make 650 billion yuan of loans last month, up from 548.3 billion yuan in October, but sources told Reuters this week that Beijing had ordered lenders to extend...

  • PARIS, Dec 12- Kering named luxury couture and leather goods division head Marco Bizzarri as the new chief executive of Gucci from January as it seeks to reverse declining sales at the Italian fashion brand. Gucci Creative Director Frida Giannini will also leave her post at the end of February after eight years, with a replacement to be appointed later, Kering...

  • BEIJING, Dec 12- Chinese banks made 852.7 billion yuan worth of new loans in November, data showed on Friday, well above market expectations but still unlikely to dispel worries about the country's sputtering economic growth. The central bank said in the same online statement that China's broad M2 money supply rose 12.3 percent in November from a year ago,...

  • HONG KONG, Dec 12- Hong Kong shares edged down on Friday as investors stayed cautious, with some worrying that good U.S. retail data will cause the Federal Reserve to starting raising interest rates not too far into 2015.. Among the most actively traded stocks on Hong Kong's main board were Mongolian Mining Corp, up 31.3 percent to HK $0.02, CCT LAND, unchanged at HK...

  • LONDON, Dec 12- European shares fell on Friday, with renewed declines in the price of oil hitting energy stocks, while political concerns over Greece also pegged back equities. Traders also remained concerned by Greece. In Greece, Prime Minister Antonis Samaras on Thursday warned the country risked a "catastrophic" return to the depths of its debt crisis if his...

  • SINGAPORE, Dec 12- Gold fell on Friday on a firm dollar and robust U.S. economic data, but prices were set for a second straight weekly rise following gains earlier in the week from safe-haven demand. Spot gold had eased 0.7 percent to $1,219.50 an ounce although it failed to build on strong gains that took it to a seven-week high of $1,238.20 on Wednesday.

  • *Coming Up: China Industrial output, retail sales Nov at 0530 GMT. SYDNEY, Dec 12- London zinc slipped on Friday back towards six-month lows hit in the previous session as oil prices resumed their slide, but worse-than-expected Chinese industrial output data reinforced the case for further stimulus, stemming losses. "Weak oil prices are probably starting to have...

  • COPENHAGEN, Dec 12- Denmark's Bunker Holding is setting up a ship fuel delivery business in the northern part of the country, taking on eight former staff of collapsed rival OW Bunker, it said on Friday. The move marks a shift in strategy for Bunker Holding, which until now has focused on trading shipping fuel rather than the so-called physical part of the market,...

  • BEIJING, Dec 12- China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13- year low, putting pressure on policymakers to unveil stronger stimulus measures. A surprise interest rate cut by China's central bank last month signalled policymakers' growing concern...

  • Russia's stock market indexes also dropped, following weaker oil prices. The rouble has lost more than 40 percent since the beginning of the year, weakened by a slide in oil prices and general risk aversion to Russian assets that has been fuelled by Russia's standoff with the West over Moscow's role in the Ukraine crisis. Russia's central bank raised its main...

  • MOSCOW, Dec 12- Russia's Finance Ministry said on Friday it would offer $3 billion at a 14- day foreign-currency deposit auction on Dec. 15, as part of its efforts to ease pressure on the rouble.

  • LISBON, Dec 12- Portugal Telecom SGPS has called a general shareholder meeting on Jan. 12 to vote on telecoms group Altice's planned acquisition of Portuguese operations from Brazil's Oi for 7.4 billion euros. PT SGPS now has no assets other than the stake in Oi and 900 million euros in defaulted debt by a bankrupt holding company of the Espirito Santo family.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent, to 3,193.23 points while the Shanghai Composite Index gained 0.4 percent, to 2,938.17 points. Among the most active stocks in Shanghai were CITIC Securities, up 3.0 percent to 25.46 yuan; Hainan Airline, down 0.3 percent to 3.43 yuan and China State Construction...

  • MOSCOW, Dec 12- The Russian rouble fell 0.55 percent in early trade on Friday, hitting a new historical low against the dollar, and the country's stock market indexes also dropped, following weaker oil prices. At 0710 GMT, the rouble was around 0.66 percent weaker against the dollar at 56.82 and down 0.83 percent to trade at 70.50 versus the euro.

  • Dec 12- Technology company Max Sound Corp said it filed a lawsuit against Google Inc and YouTube in Germany earlier this month, alleging infringement of a video-streaming patent. Max Sound's allegations include current versions of Google operating system, Android, installed on mobile phones and tablets. The lawsuit was filed with the District Court of...

  • *Trade data due at 8:50 am Dec. 17. TOKYO, Dec 12- Japan's exports are expected to have risen for the third straight month in November thanks to solid demand from the United States, an encouraging sign for shipments and the broader economy's recovery from a recession. "Although exports to China are stagnant recently, shipments to the U.S. and other Asian nations have...

  • RUSSIA-ROUBLE/ (URGENT) Friday, 12 Dec 2014 | 2:09 AM ET

    RUSSIA'S RTS INDEX DOWN 2.78 PCT IN EARLY TRADE, MICEX INDEX DOWN 1.43 PCT.

  • ZURICH, Dec 12- Novartis said on Friday its experimental psoriasis drug Cosentyx was better at clearing the rough skin patches associated with the disease than Johnson& Johnson's Stelara. The data follows results last year showing Cosentyx, also known as secukinumab, was superior to Amgen's Embrel in a head-to-head study. Other drugmakers working on new...

  • RUSSIA'S RTS INDEX DOWN 2.78 PCT IN EARLY TRADE, MICEX INDEX DOWN 1.43 PCT.