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  • COLUMN-How JPMorgan struck gold with copper: Andy Home Thursday, 27 Nov 2014 | 8:59 AM ET

    JPMorgan was "outed" in the media as the controlling hand, which only fuelled further the whirl of speculation, given the same bank was proposing to launch an exchange-traded fund backed by physical copper. As is always the way with such things, JPMorgan declined to confirm or deny its involvement. Now, thanks to documents submitted to the U.S. Senate subcommittee...

  • LONDON, Nov 27- The International Grains Council on Thursday raised its forecast for the 2014/ 15 world corn crop, reflecting an upward revision to production in China. The corn crop in China, the world's number two producer, was put at 216 million tonnes, up from a previous forecast of 213.8 million but still just below the prior season's 218.5 million.

  • MOSCOW, Nov 27- The rouble strengthened on Thursday as OPEC met to discuss whether it would cut output to boost flagging oil prices. The rouble shrugged off declines in Brent crude, which touched a four-year low around $76 a barrel on expectations the Organization of Petroleum Exporting Countries would not agree to cut production when it met in Vienna on...

  • PARIS, Nov 27- Warning that Europe is falling into a "stagnation trap", leading French and German economists proposed a package of reforms and investment initiatives on Thursday to revive growth in the euro zone's two biggest economies. Henrik Enderlein, of Germany's Hertie School of Governance, and Jean Pisani-Ferry, head of the France Strategie government...

  • LONDON/ SYDNEY/ CAIRO Nov 27- Automobiles are supposed to get you from Point A to Point B. They can also get you into trouble, even if you aren't driving or riding in one, because they possess potent social symbolism. During a by-election in Rochester that was won by the anti-immigration United Kingdom Independence Party, she tweeted a picture of a white cargo van in...

  • LONDON, Nov 27- Britain agreed to further dismantle its highly centralised system of government on Thursday, striking a political deal to grant Scotland new tax-raising powers in a move critics fear could trigger the beginning of the end of the United Kingdom. The deal, unveiled on Thursday after an agreement between all the Scottish chapters of Britain's main...

  • BRUSSELS, Nov 27- The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme. This gives the three more time to adjust policy before the EU...

  • LONDON, Nov 27- The euro fell against the dollar on Thursday as German inflation appeared to have softened more in November, reinforcing expectations that the European Central Bank will ease monetary policy more aggressively. Oil-rich Norway's crown hit a three-week low of 8.6350 per euro as OPEC looked unlikely to cut oil output despite a huge oversupply,...

  • JOHANNESBURG, Nov 27- Some investors in failed South African lender African Bank Investments have received offers for its preference shares, the company said on Thursday, a possible sign of interest in the bank ahead of a planned relisting. African Bank has 13.5 million preference shares listed in Johannesburg, according to Reuters data.

  • European shares rise, boosted by Germany's DAX Thursday, 27 Nov 2014 | 7:34 AM ET

    *Energy shares under pressure ahead of OPEC meeting. LONDON, Nov 27- European shares rose on Thursday, adding to their recent sharp rally that has been fuelled by expectations of further stimulus measures from the European Central Bank. At the same time Spanish and Italian stocks rose as expectations mounted that the European Central Bank would buy bonds.

  • BRUSSELS, Nov 27- European Union lawmakers overwhelmingly backed a motion on Thursday urging antitrust regulators to get tough on Google and other Internet search engines and consider breaking them up. The resolution did not mention Google or any specific search engine, though Google is by far the dominant provider of such services in Europe with an...

  • HELSINKI, Nov 27- Failure to make economic reforms and shield weaker members could damage the "essential cohesion" of the euro zone, the head of the European Central Bank said on Thursday, in a blunt warning to political leaders. "Lack of structural reforms raises the spectre of permanent economic divergence between members," Draghi told an audience at the...

  • LONDON, Nov 27- British finance minister George Osborne will try next week to convince voters only he can be trusted to run the economy, delivering an uncompromising fiscal plan in a budget update six months before national elections. Osborne will focus his Autumn Statement on Britain's return to growth, while sketching out enough sense of economic danger to...

  • MOSCOW, Nov 27- The Russian rouble rallied on Thursday after the Kremlin said President Vladimir Putin and Ukraine's Petro Poroshenko had spoken on the telephone about the situation in southeast Ukraine.

  • *Despite stimulus, China economy still to slow-analyst. LONDON, Nov 27- Copper and other base metals were steady on Thursday, supported by monetary easing in top consumer China and an uptick in economic sentiment in Europe. Three-month copper on the London Metal Exchange was unchanged at $6,570 a tonne by 1132 GMT.

  • ECB'S DRAGHI: LACK OF REFORM THREATENS PERMANENT DIVERGENCE. HELSINKI, Nov 27- Euro zone countries' economic fortunes could permanently diverge if they fail to undertake structural reforms, posing a risk to the cohesion of the currency bloc, the president of the European Central Bank said on Thursday. "Lack of structural reforms raises the spectre of permanent...

  • BEIJING, Nov 27- China's central bank has drawn up plans for the introduction of an insurance system for bank deposits, and the draft rules could be announced soon, three sources with knowledge of the matter said on Thursday. China has considered insuring savers' deposits for around two decades, but the plans took on new urgency in the past year as the country sought...

  • BERLIN, Nov 27- Germany's unemployment rate touched a record low of 6.6 percent in November, underscoring the huge gap in labor market conditions between Europe's largest economy and its struggling euro zone partners. Record employment, rising wages and low interest rates are helping to prop up domestic demand in Germany, whose economy has suffered from...

  • LONDON, Nov 27- Gold eased on Thursday, hurt by gains in the dollar index and fresh outflows from bullion-backed funds, with traders cautious ahead of a U.S. holiday and this weekend's Swiss referendum on central bank bullion assets. Spot gold was down 0.2 percent at $1,195.60 an ounce at 1100 GMT, while U.S. gold futures for December delivery were down $2.30 an ounce...

  • BERLIN, Nov 27- Annual inflation in Europe's largest economy looks set to sink in November to the lowest rate in up to five years, according to data from some German states on Thursday. The yearly readings were all well below the European Central Bank's target for close to but just under 2 percent over the medium term in the euro zone. In North Rhine-Westphalia,...