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  • *Russia snubs OPEC calls for coordination. Analysts expect production to rise by 0.56 percent to 10.78 million barrels per day in 2016, its highest annual average since the end of the Soviet era in 1991. Russian oil production, which together with sales of natural gas accounts for half of the state budget's revenues, has been steadily rising since 1998, apart...

  • Uber New York

    Uber partially won a ruling that could put a hold on the outcome of a lawsuit against the ride service, placed by California drivers.

  • *Most currencies rangebound in holiday-thinned trade. LONDON, Dec 23- The dollar held steady in thinned trading on Wednesday after data painted a mixed picture of the U.S. economy, offering investors few clues as to how fast the Federal Reserve will raise interest rates next year. But other data reports showed that U.S. home resales unexpectedly plunged 10.5...

  • BAKU, Dec 23- Azeri President Ilham Aliyev said on Wednesday the devaluation of the national manat currency this week had been made inevitable by a sharp decline in world oil prices. Baku's decision followed similar moves by crude exporters Russia and Kazakhstan and underscored the pressure that low prices are exerting on the public finances of...

  • John Rigas lost a bid for early release from prison due to his diagnosis of terminal cancer.

  • LONDON, Dec 23- Gold steadied on Wednesday, hemmed into a narrow range in thin pre-holiday trade, as a recovery in oil prices from 11- year lows offset fresh strength in the dollar. Spot gold was at $1,072.16 an ounce at 1237 GMT, little changed from $1,071.96 late on Tuesday, while U.S. gold futures for February delivery were down $2.20 an ounce at $1,071.90.

  • *India set to ratify global treaty on compensation. NEW DELHI, Dec 23- India expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year, a senior government official said, in a sign its $150 billion dollar nuclear power programme is getting off the ground. But hopes that reactor makers would get billions...

  • A U.S. appeals court rejected the appeal of a prominent wine dealer who was sentenced to 10 years in prison for selling counterfeit wine.

  • *Southern Africa facing successive seasons of poor crops. JOHANNESBURG, Dec 23- Southern Africa faces food shortages as drought, exacerbated by the El Nino weather pattern, delays planting and stunts crops across the region, the U.N.' s Food and Agriculture Organization has said in an alert. The December maize contract, which expired on Wednesday, closed at 4,160...

  • Dec 23- U.S. stock index futures were higher on Wednesday as crude oil prices continued to rebound and investors awaited a slew of economic data. *The Commerce Department will publish the full report, which includes income and inflation data, at 8:30 a.m. ET. *Other data scheduled for Wednesday includes the University of Michigan's consumer sentiment index,...

  • *Nigeria will wait for court to decide on MTN fine. The ministry spokesman contradicted a source in the Nigerian Communications Commission, who earlier said "appropriate action" would be taken against MTN if it failed to pay the fine by a Dec. 31 deadline for failing to disconnect users with unregistered SIM cards. Nigeria has been trying to halt the widespread use...

  • MOSCOW, Dec 23- Russia's largest bank Sberbank sees its retail loan book rising by a small amount in 2016, in line with the pace of growth this year, a deputy chairman of the bank said on Wednesday. Alexander Torbakhov added to reporters that he did not expect to see a rise in overdue loans among Sberbank's retail book next year. "The growth rate will be similar to those...

  • *$4.6 trillion M&A record boosts financial printing sector. Deal volumes this year are up by more than 40 percent on the previous year to a record $4.6 trillion, according to preliminary Thomson Reuters data. A handful of companies such as Sterling, Merrill Corporation and Black and Callow dominate the business, which not only needs big printing machines and...

  • Barclays' muni index returns as of Monday of 3.23 percent also outperformed every other U.S. and Canadian fixed-income index. However, Barclays' muni analysts project total tax-exempt returns to turn slightly negative at -1.0 percent to -0.5 percent in the coming year. "Higher Treasury rates, rich valuations and headline risks are set to make 2016 a lackluster...

  • NEW YORK, Dec 23- A new class of blood thinners that competes with widely used warfarin should get a boost next year when an "antidote" that can reverse the medications' effects in an emergency is expected to enter the market, according to top U.S. heart doctors and investors. Xarelto, from Bayer AG and Johnson& Johnson, and Eliquis, sold by Bristol-Myers Squibb and...

  • BAKU, Dec 23- Azeri President Ilham Aliyev said on Wednesday the devaluation of the national manat currency this week was inevitable due to a sharp decline in oil price. "The main reason for the change in the manat's rate was a decline in oil price by three times. It means that the change was inevitable, "Aliyev said at a meeting with the oil-rich country's prominent...

  • *Egypt seeks wheat for Jan 21-31 shipment. LONDON, Dec 23- Chicago wheat prices turned higher on Wednesday after earlier hitting a 3- week low as top buyer Egypt sought to take advantage of cheaper prices and an expected drop in temperatures next week raised concerns about crops in the Black Sea region. Corn and soybean prices also edged up although ample global...

  • LONDON, Dec 23- Aluminum touched the highest in over three weeks and other industrial metals such as zinc also gained on Wednesday on greater optimism about demand in top metals consumer China and as investors tidied up portfolios towards the year end. Much of the focus has been on China's Central Economic Work Conference, which decided to maintain a proactive...

  • Dec 23- Israeli drugmaker Kamada Ltd said its rabies therapy was found as effective as a reference drug in a large trial and it would file for a U.S. approval for the therapy by mid-2016. Kamada's U.S.-listed shares rose 3.4 pct to $4.31 in premarket trading. Kamada said it expected margins for the drug to be higher in the United States than in other countries.

  • LONDON, Dec 23- A closely followed measure of long-term market euro zone inflation expectations fell to its lowest level since October on Wednesday, as this week's fall in oil prices to 11- year lows kept alive the prospect of further ECB monetary stimulus. Even though the measure has been criticized for being too sensitive to short-term moves in oil prices and...