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  • 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 "...

  • JAKARTA/ SINGAPORE, Dec 15- The Indonesian rupiah tumbled to its lowest level since August 1998 on Monday as declining risk appetites and increasing demand for dollars to settle year-end foreign loan payments put pressure on the country's currency, bonds and shares. Bank Indonesia said that it was acting in both the foreign exchange and bond markets to help...

  • MOSCOW, Dec 15- The rouble weakened on Monday, trading near the record lows against the dollar that it hit in the previous session, with investors concerned about possible new U.S. sanctions against Russia over Ukraine. At 0745 GMT, the rouble was 0.3 percent weaker at 58.33 against the dollar and 0.5 percent weaker at 72.66 versus the euro. After Russian markets...

  • BERLIN, Dec 15- Volkswagen's ultra-luxury brand Bentley has raised its target for sales as the British carmaker plans to add models such as its first ever sport-utility vehicle, Frankfurter Allgemeine Zeitung reported on Monday. Bentley is now targeting 20,000 annual deliveries by 2020, double its 2013 sales and an expansion of the brand's original goal of...

  • HONG KONG, Dec 15- Hong Kong shares finished down on Monday despite a late afternoon rally on mainland indexes, as Hong Kong investors sold off China- related financials and real estate names. Among the most actively traded stocks on Hong Kong's main board were CCT Land, up 5.9 percent to HK $0.02, Wai Yuen Tong Medicine Holdings, down 15.6 percent to HK $0.10 and Renhe...

  • MOSCOW, Dec 15- Russian food retailer Dixy Group said on Monday its November sales rose 30.2 percent in rouble terms to 19.9 billion roubles, after a 29.5 percent increase in the previous month.

  • SINGAPORE, Dec 15- Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/ 2 year low after the International Energy Agency cut its outlook and then rose on hopes of improving manufacturing data. Brent futures fell to near $60 per barrel after the IEA forecast further price falls and OPEC's chief on Sunday defended the group's...

  • SHANGHAI, Dec 15- Chinese trainmaker CSR Corp Ltd said it won 1.7 billion yuan worth of orders from Argentina, as Chinese rail firms increasingly flex their muscles overseas. China Railway Construction Corp Ltd signed a $12 billion railway contract in Nigeria in November, the largest single overseas construction deal won by a Chinese firm.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percent, to 3,217.23 points, while the Shanghai Composite Index gained 0.5 percent, to 2,953.42 points. Among the most active stocks in Shanghai were China State Construction Engineering, up 10.0 percent to 5.96 yuan; China Railway Group, up 7.8 percent to 7.22 yuan and Bank Of...

  • Dec 15- Bob Evans Farms Inc said Chief Executive Steve Davis has resigned by mutual agreement effective immediately as its board steps up efforts to revamp the restaurant and packaged food company following a proxy fight. Bob Evans's recent performance under Davis has failed to meet the expectations of the board, the Wall Street Journal reported, quoting...

  • Zumtobel to focus more on software, CEO says Monday, 15 Dec 2014 | 2:12 AM ET

    VIENNA, Dec 15- Austrian lighting group Zumtobel will increasingly focus on providing packages of services rather than just hardware, Chief Executive Ulrich Schumacher told magazine Trend. "We will develop increasingly in future into a software supplier, a kind of Google of the lighting industry," he was quoted as saying in an interview published on Monday.

  • TOKYO, Dec 15- Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony. While activist hedge fund investor Daniel Loeb has given up his call for Sony to spin off its entertainment arm,...

  • RUSSIAN CENBANK CONDUCTS 26.41 BLN ROUBLES WORTH OF FOREX MARKET INTERVENTIONS ON DEC 11.

  • In early trading, Brent futures fell to near $60 per barrel after the International Energy Agency forecast further price falls and OPEC's chief defended the group's decision not to cut its output target. National Australia Bank said it had cut its Brent forecast to average $80 in the fourth quarter of 2014, $75 in the first quarter of 2015 and $80 as an average...

  • *RUSSIAN ROUBLE OPENS FLAT AGAINST DOLLAR ON MONDAY Monday, 15 Dec 2014 | 2:00 AM ET