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  • --Neal Kimberley is an FX market analyst for Reuters. LONDON, Dec 15- The Japanese yen should resume its slide against the dollar in 2015 after Prime Minister Shinzo Abe's ruling coalition cruised to victory in Sunday's national election. Abe can likely rely on the Bank of Japan, led by Governor Haruhiko Kuroda, to help out.

  • MOSCOW, Dec 15- A small shop near Moscow is reviving memories of 1990 s runaway inflation by stating prices in an unofficial unit pegged to foreign currency to protect against a steep fall in the rouble, according to a radio station. Govorit Moskva radio station said the Art Real Company shop in Khimki suburb, which sells many imported ceramic tiles, has been...

  • LONDON, Dec 15- Russia's rouble has tumbled to successive record lows against the dollar, shrugging off central bank interventions and interest rate rises, and paying heed to only one factor- the oil price. To defend the currency, Russia's central bank cranked up its main lending rate by 100 basis points last Thursday to 10.5 percent- the fifth increase so far this...

  • BRUSSELS, Dec 15- Four gunmen took a man hostage in an apartment in the Belgian city of Ghent on Monday, officials said, adding there was no initial evidence linking the assault to a jihadist organisation. Belgian police cordoned off part of the city after the four men were seen entering the building in the Dampoort district, where they took a hostage.

  • PARIS, Dec 15- European stocks briefly trimmed their gains on Monday after four gunmen took a hostage in an apartment in the Belgian city of Ghent. News of the hostage-taking emerged after a security scare in Australia hit just hours earlier. Pan-European equities trimmed their gains but were still in positive territory at 1106 GMT, with traders citing the...

  • *Gold posted biggest weekly gain since October last week. LONDON, Dec 15- Gold fell 1 percent on Monday, after posting its biggest weekly gain in two months, as the dollar firmed before a Federal Reserve meeting that could provide clues on the timing of a possible interest rate rise by the U.S. central bank. Spot gold fell to a session low of $1,209.10 an ounce earlier...

  • *Net was 347.5 mln yuan, revenue 26.6 bln yuan. BEIJING, Dec 15- Privately owned Xiaomi Technology Ltd Co booked 347.5 million yuan in net profit last year, according to a regulatory filing that showed the world's No.3 smartphone maker grappling razor-thin margins. "They're growing so fast and so lean, I wouldn't be surprised even if they were losing money," said...

  • LONDON, Dec 15- Nickel prices touched their highest level in a week on Monday over concerns that the typhoon season in the Philippines could hit supply and lead to shortages. "We've said for a long time that there should be a shortage of nickel during the early part of next year due to the seasonality in the Philippines," said Nic Brown, head of commodities research at...

  • BERLIN, Dec 15- Workers at Amazon warehouses in Germany started a fresh three-day strike on Monday to press their demands for better pay and conditions as the online retailer races to ensure Christmas orders are delivered on time. Labour union Verdi said the strike had started at five of Amazon's nine distribution centres in Germany but added it would only know...

  • TOKYO, Dec 15- Japanese business leaders have promised Prime Minister Shinzo Abe to do their "utmost" to raise wages and allow suppliers to pass on higher costs, while also urging him to push through labor reforms, according to a draft agreement between the government, business and labor groups. Abe and business leaders, including Sadayuki Sakakibara, chairman of...

  • TOKYO, Dec 15- Japanese business leaders have promised Prime Minister Shinzo Abe to make the "utmost efforts" to raise wages and allow suppliers to pass on higher costs while urging labour reforms, according to a draft agreement between the government, business and labour groups. Abe and business leaders, including Sadayuki Sakakibara, chairman of Toray...

  • *Europe shares steady after biggest weekly loss in 3-1/ 2 years. LONDON, Dec 15- Oil prices touched fresh 5-1/ 2- year lows on Monday, spurring an emerging market selloff as demand for the safe-haven yen picked up while European stocks stabilised after their worst week since 2011.. Indonesia's rupiah sank to a six-year trough and Russia's rouble hit record lows.

  • MOSCOW, Dec 15- Russia's Finance Ministry said on Monday it did not support the idea of forced foreign currency sales by domestic companies. Russian lawmakers have proposed introducing a requirement that domestic firms with foreign currency earnings should sell a portion of them to support the rouble, which is down more than 40 percent against the dollar this...

  • *Technip up 8 pct after ruling out CGG takeover. French oil services group Technip was the top performer on the FTSEurofirst 300 index of pan-European shares, rising 8 percent after it dropped a bid for seismic surveys specialist CGG. Oil and gas majors and services companies were among top gainers on the FTSEurofirst 300, with Tullow Oil, Total and BG Group up...

  • RUSSIAN FINMIN SAYS DOES NOT SUPPORT IDEA OF FORCED FOREIGN CURRENCY SALES BY RUSSIAN COMPANIES.

  • *OPEC repeats intention to keep output steady despite glut. LONDON, Dec 15- Brent crude hit a fresh five-year low close to $60 a barrel on Monday after oil producer group OPEC restated its determination not to cut output despite a global fuel glut, but the North Sea benchmark later rallied to trade around $63. Things will be left as is, "OPEC Secretary-General...

  • MOSCOW, Dec 15- Moving closer to the European Union offers no panacea for Ukraine's financial problems and will mean big losses in economic ties with Moscow, Russian Prime Minister Dmitry Medvedev said in an article published on Monday. He said Moscow had for many years provided generous terms in deals with Kiev which had helped build up Ukraine's economy but...

  • ABU DHABI, Dec 15- A loan of up to $800 million to help Abu Dhabi- based entrepreneur B.R. Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. Three other banks-- Doha Bank, National Bank of Fujairah and Commercial Bank International-- joined the loan, the first source said.

  • FOREX-Yen rises in choppy trading, euro on defensive Monday, 15 Dec 2014 | 4:09 AM ET

    LONDON, Dec 15 (Reuters- The yen rose on Monday as financial markets shrugged off Japanese Prime Minister Shinzo Abe's widely expected election win, while a new low for euro zone inflation expectations kept the bloc's currency on the defensive. Japan's Nikkei stock average fell 1.6 percent. The euro extended losses against the yen as investors digested the...

  • After "Hoovergate", EU torn over power-saving rules Monday, 15 Dec 2014 | 4:00 AM ET

    Now, fear of fuelling rage at Brussels bureaucracy, especially in Britain where critics branded the "Hoover ban" a foreign attack on consumer freedoms, is pushing new EU leaders to axe a host of planned regulations in proposals expected on Tuesday. Yet Jean-Claude Juncker's European Commission is also under pressure to keep rolling out more laws on the "...