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  • Repsol finalising bid for Talisman - source Friday, 12 Dec 2014 | 10:23 AM ET

    MADRID, Dec 12- Spanish oil major Repsol SA is finalising a bid to acquire Canada's Talisman Energy Inc and has sent executives to Calgary to step up talks, a source with knowledge of the matter said on Friday. Shares in Repsol were down 4.2 percent at 16.49 euros. "Repsol executives are in Canada but no offer has yet been made," the source said on condition of anonymity.

  • MOSCOW, Dec 12- The Russian rouble dropped to a new low of almost 58 to the dollar, continuing a slide that traders said led the central bank to intervene in the market on Friday after a rate hike failed to break the currency's fall. The rouble has lost more than 40 percent against the dollar since the beginning of the year, hurt by a slide in oil prices and risk aversion...

  • US STOCKS-Wall St declines as oil tumbles further Friday, 12 Dec 2014 | 10:17 AM ET

    *WTI crude falls below $59 a barrel. NEW YORK, Dec 12- U.S. stocks dipped on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices slumped further. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will see it in the opposite direction, probably towards the $50 range...

  • DETROIT, Dec 12- Chrysler Group is expanding its U.S. recall of older-model vehicles with Takata Corp passenger-side air bags, adding a second inflator design to the recall and more affected regions. The company said no accidents or injuries in any of its vehicles have been linked to any Takata passenger-side inflators. Chrysler was one of 10 automakers who...

  • WASHINGTON, Dec 12- The head of the International Monetary Fund said on Friday the global lender was ready to discuss ways to move forward without the United States on reforms that would give emerging markets greater IMF voting power. The agreed changes would double the Fund's resources and hand more IMF voting power to countries such as Brazil, Russia, India,...

  • DUBLIN, Dec 12- Fergus Reynolds has supported Ireland's governing Fine Gael party for 43 years, but this week he joined tens of thousands of people to march against them and pledged never to vote for Prime Minister Enda Kenny again. This is what much of the fastest-growing economy in Europe looks like at the end of 2014 as post-austerity Ireland serves a timely...

  • UPDATE 11-Oil tumbles towards $62 on supply glut Friday, 12 Dec 2014 | 10:09 AM ET

    LONDON, Dec 12- Oil fell to fresh lows not seen since July 2009 on Friday with Brent crude slipping towards $62 a barrel on concerns over a global supply glut and weak demand. The International Energy Agency said oil prices would likely come under further pressure, cutting its outlook for demand growth in 2015 and predicting that non- OPEC output gains would...

  • Dec 12- U.S. stocks opened lower on Friday, putting the benchmark S&P 500 on track to snap seven straight weeks of gains, after oil prices fell and Chinese data disappointed.

  • NEW YORK, Dec 12- U.S. Falling oil has pressured energy stocks and increased concerns about disinflation while slowing European growth has pushed down yields of German and U.K. government debt to record lows, making U.S. yields comparatively more attractive. "The selloff in crude oil is really pressuring bond prices higher... it's extremely deflationary," said Tom...

  • SIDEBAR-On the Dutch coast, an experiment in sand Friday, 12 Dec 2014 | 9:22 AM ET

    TER HEIJDE, Netherlands, Dec 12- A pile of sand about eight times the volume of the Great Pyramid of Giza is shaping up as a cut-rate model for protecting coasts from rising seas. The "Sand Engine" is 28 million cubic yards covering an area 1.2 miles long and half a mile wide. But so far, the 70 million euro Sand Engine "is doing more or less what was predicted, moving a bit...

  • LIMIT ON ROUBLE LIQUIDITY VIA FX SWAPS IS PART OF BANK'S STRATEGY TO RESTRICT' SPECULATIVE' ATTACKS ON ROUBLE- CENTRAL BANK.

  • CENTRAL BANK SAYS LIMIT VIA FX SWAPS TO BE EQUIVALENT TO $2 BLN BETWEEN DEC 15 AND 21.

  • HAPPISBURGH, England, Dec 12- Bryony Nierop-Reading has what she calls a million-dollar view from her clifftop property in east England, looking out over North Sea swells beyond a sandy beach where gulls wheel overhead. Her bungalow was demolished by the local council after a December 2013 storm bit a 33- foot chunk out of the cliff, leaving her home perched over a...

  • RUSSIAN CENTRAL BANK SAYS TO KEEP LIMIT ON ROUBLE LIQUIDITY VIA FX SWAPS TO STABILISE CURRENCY MARKET.

  • *Adobe up in premarket after results; to buy Fotolia. NEW YORK, Dec 12- U.S. stocks were set for a lower open on Friday, putting the benchmark S&P 500 on track to snap seven straight weeks of gains, after oil prices fell and Chinese data disappointed. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will...

  • LONDON, Dec 11- Dave Lewis, the new boss of Tesco, Britain's biggest grocer, is betting on a customer charm offensive coupled with selective price cuts to prevent poor Christmas trading compounding an already disastrous year for investors. The group, like its big three UK rivals Wal-Mart's Asda, Sainsbury's and Morrisons, has suffered as shoppers turn against the...

  • *China monthly crude output, refinery data eyed. LONDON, Dec 12- Oil's rout extended on Friday, with Brent crude slipping towards $62 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Oil prices will likely come under further downward pressure, the International Energy Agency said as it cut its outlook for...

  • WASHINGTON, Dec 12- U.S. producer prices fell in November and were muted even outside of energy, a sign of weak inflationary pressure that could point to persistent slack in the economy. The Labor Department said on Friday its producer price index for final demand dropped 0.2 percent, a sharper fall than expected. Another core reading that only strips out food and...

  • India and Indonesia currently look the most promising, fund managers say, following the election of pro-business governments on a ticket to introduce reforms that will open up state companies to foreign investment and cut red tape. "Reformers are performers," said Bill Street, head of investments for Europe, the Middle East and Africa at State Street.

  • WASHINGTON, Dec 11- For the Federal Reserve, deciding when to raise rates for the first time in nearly a decade has become the easy part. The harder call, and one increasingly preoccupying U.S. central bankers, is how fast to move after that, navigating stuttering global growth and nervous markets on the Fed's long journey back to pre-crisis policies.