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  • NEW DELHI, Nov 21- Indian Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/ 15 fiscal deficit target without cuts. After the session ends on Dec. 23, focus will turn to Finance Minister Arun Jaitley's second budget,...

  • FRANKFURT, Nov 21- Volkswagen AG is to invest 85.6 billion euros in its automotive operations over the next five years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive. Analysts at Evercore ISI said: "As expected, VW's five-year capex planning has not become a victim of the company's...

  • *Libya and Ecuador also call for lower OPEC output. *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that OPEC could agree next week to reduce oil production.

  • WILLISTON, N.D., Nov 21- Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters. The deal, announced on Monday, will help Halliburton better compete with global leader Schlumberger NV, as well...

  • Nov 21- Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company's business model violated copyright laws. The ruling was a victory for broadcasters such as CBS Corp, Comcast Corp's NBC, Walt Disney Co's ABC and Twenty-First Century Fox Inc's Fox network. The filing is In re: Aereo Inc, U.S....

  • European shares extend rally after China rate cut Friday, 21 Nov 2014 | 6:48 AM ET

    PARIS, Nov 21- European stocks extended an early rally on Friday morning, led by mining shares after China's central bank cut its benchmark interest rate for the first time in more than two years in an attempt to lift its cooling economy. European mining shares, strongly affected by China's economic growth, featured among the top gainers, with Rio Tinto up 3.9...

  • *Novak, Rosneft's Sechin to fly to Vienna before OPEC meeting. Before OPEC meets next week, Russia has already spoken to members Venezuela and Saudi Arabia about the need to support the oil market, and Moscow expects to send a high-ranking delegation to Vienna before the meeting to press the message on prices. A price of at least $100 a barrel is needed to balance the...

  • *Telecom Italia board meeting on Brazil options. BARCELONA/ MILAN, Nov 21- Telecom Italia is set to sell mobile phone masts owned by its Brazilian unit for almost 900 million euros, sources said on Friday, as it considers possible acquisitions in the Latin American country. Two sources familiar with the matter said Telecom Italia was likely to sell its Brazilian...

  • YAMOUSSOUKRO, Nov 21- Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday. We expect to finish discussions before the end of the year, "said Ibrahima Diaby, director of hydrocarbons at the ministry,...

  • TV streaming provider Aereo files for bankruptcy Friday, 21 Nov 2014 | 6:29 AM ET

    Nov 21- Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruling in June found that the company's business model violated copyright laws. Aereo, in which Barry Diller's IAC/InterActiveCorp has a 23.30 percent stake, filed for Chapter 11 protection to preserve the value of its estate, according to a court filing...

  • *Libya and Ecuador also call for lower OPEC output. *Market beginning to expect OPEC cut, analysts say. LONDON, Nov 21- Brent crude oil rose above $80 a barrel on Friday after China cut interest rates and on speculation OPEC could agree next week to reduce oil production.

  • UPDATE 1-Third Dutch chicken farm hit by bird flu Friday, 21 Nov 2014 | 6:25 AM ET

    AMSTERDAM, Nov 21- A Dutch bird flu outbreak has spread to a third farm, the government said on Friday, prompting inspections at dozens of other farms in the Netherlands, a leading exporter of eggs and poultry. The H5N8 strain has never been detected in humans, but it led to the destruction of millions of farm birds in Asia, mainly South Korea, after an outbreak earlier...

  • BEIJING, Nov 21- China's economy is still growing at a reasonable speed and there is no need to use any aggressive measures to stimulate growth, the Chinese central bank said on Friday after cutting interest rates for the first time in more than two years.

  • METALS-Prices rally after China cuts interest rates Friday, 21 Nov 2014 | 6:22 AM ET

    *China cuts benchmark rates for first time in two years. LONDON, Nov 21- Metals prices rose on Friday after China cut benchmark interest rates in a bid to jumpstart its economy, while expectations of raw material scarcity gave a further lift to nickel which hit a five-week high. Three-month copper on the London Metal Exchange hit a session high of $6,748 a tonne...

  • *Aussie rises after China cuts rates. LONDON, Nov 21- The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon. The Australian dollar jumped after China cut benchmark interest rates to bolster a sagging economy.

  • BEIJING, Nov 21- China cut interest rates unexpectedly on Friday, stepping up a campaign to prop up growth in the world's second-largest economy as it heads towards its slowest growth in nearly a quarter century. "It's a surprise, another Friday night special," said Mark Williams, Chief Asia Economist with Capital Economics in London. The People's Bank of China said...

  • *Draghi says stronger recovery unlikely in coming months. *Short-term inflation expectations seen "excessively low". FRANKFURT, Nov 21- European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying "excessively low" inflation had to be raised quickly by whatever means necessary.

  • Cloud subscriptions help Autodesk revenue beat Friday, 21 Nov 2014 | 6:08 AM ET

    Autodesk reported better-than-expected revenue, as the maker of design software benefits from its switch to a cloud-based subscription model.

  • RUESCHLIKON, Switzerland, Nov 21- The Swiss National Bank is prepared to buy euros for francs when the exchange rate hits 1.20, a board member said on Friday, but the bank was silent about whether it has already been forced to do so to protect its cap on the safe-haven currency. "What we have to ensure is that in all foreign exchange markets- from Sunday night in Sydney to...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...