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  • NEW YORK, Dec 15- The U.S. dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen. "The market is setting up for a less-dovish-sounding FOMC this week," said Martin Schwerdtfeger, a foreign...

  • MOSCOW, Dec 15- Russia's central bank said on Monday it was likely the economy would contract in the first quarter of next year and that it perhaps by around 4.5 percent in 2015 as a whole if oil prices average $60 a barrel. The outlook for Russia's economy has darkened considerably since the summer, as falling oil prices, Western sanctions over Ukraine and a...

  • General Motors faulty-switch compensation claims rise Monday, 15 Dec 2014 | 11:05 AM ET

    Dec 15- General Motors Co has received 64 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,326, according to the official administering the compensation program. The company's compensation program has so far determined that 42 deaths, seven severe injuries and 51 other injuries were eligible for...

  • *Petsmart to be acquired by private equity consortium. NEW YORK, Dec 15- U.S. stocks dipped on Monday as initial gains vanished, as did a brief rebound in crude oil prices. "You had some traders take profits on the early gains once oil moved to negative," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

  • The prosecutors said Nestor Cervero, the former head of Petrobras' distribution subsidiary, as well as lobbyist Fernando Soares and Julio Camargo of local contractor Toyo Setal funneled $40 million of kickbacks and accepted $13 million in bribes from Korean shipbuilder Samsung Heavy Industries. Toyo Setal and Samsung Heavy Industries were not...

  • Dec 15- Sophiris Bio Inc lost about 80 percent of its market value after interim data showed that its only compound was not effective in treating lower urinary tract symptoms of enlarged prostate. Sophiris Bio, which had touted benign prostatic hyperplasia as a blockbuster indication, said the ongoing late-stage study of the drug was "unaffected" by the data.

  • *Factory capacity use highest since December 2007. WASHINGTON, Dec 15- U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy. "There is little evidence here that weaker global growth or a stronger dollar has hurt U.S. manufacturing," said John...

  • MOSCOW, Dec 15- Russia's central bank said on Monday it saw a high likelihood of Russia's annual economic growth rate slipping into negative territory in the first quarter of next year. The bank also said in a monetary policy document that it could reach its mid-term inflation target of 4 percent by the end of 2017 but that would require keeping monetary policy...

  • CRUDE OIL EXTENDS LOSSES, BACK TO BELOW $1 A BARREL LEVEL SEEN IN PRE NEW-YORK SESSION.

  • **Chief Executive David Kay, Executive Chairman Nicholas Schorsch and Chief Operating Officer Lisa Beeson quit. **William Stanley appointed interim CEO. **RCS Capital Corp shares, which owns eight independent broker-dealers and whose top management is affiliated with Schorsch-owned enterprises, were down 9.6 pct at $10.68.

  • BUSINESS PLAN FOR PUERTO RICO ELECTRIC AUTHORITY TO BE. SAN JUAN, Dec 15- A business plan for PREPA, the troubled Puerto Rican electric authority, is to be presented to creditors on Monday, board president Harry Rodriguez said in a statement. The business plan of Chief Restructuring Officer Lisa Donahue is a working document that will present different scenarios...

  • German family-owned businesses fear losing tax breaks Monday, 15 Dec 2014 | 10:27 AM ET

    BERLIN, Dec 15- Germany's Constitutional Court will rule this week whether it is legal to grant family-run firms inheritance tax breaks, in a decision that could deal a heavy blow to "Mittelstand" firms that form the backbone of the economy. Around 90 percent of German companies are family-run and they make a huge contribution to economy, employing more than half...

  • OTTAWA, Dec 15- The Canadian government will curb its spending if necessary due to lower oil prices in order to meet its budgetary plans, Treasury Board President Tony Clement told Reuters on Monday. The federal government has pledged to balance the budget in 2015-16 but if oil prices continue to be low, they are expected to take a bite out of government revenues.

  • NEW YORK, Dec 15- U.S. Oil came back a bit and equities came back a bit, "said Mike Cullinane, head of Treasuries trading at D.A. Davidson in St. Petersburg, Florida.

  • RUSSIA C.BANK SAYS FORECASTS CAPITAL OUTFLOW OF AROUND $75 BLN IN 2016, AROUND $55 BLN IN 2017.

  • RUSSIA C.BANK SAYS INFLATION COULD REACH 11.5 PCT IN Q1 2015 BEFORE FALLING BACK- DOCUMENT.

  • RUSSIA C.BANK SAYS SEES HIGH LIKELIHOOD OF YEARLY GDP GROWTH RATE SLIPPING INTO NEGATIVE TERRITORY IN Q1 2015.

  • Senate aides said on Sunday that Senate Democratic Leader Harry Reid planned to handle some nominations first, then take up the tax bill sent over from the House of Representatives. If the Senate concurs, that would mean taxpayers could claim the tax breaks for the 2014 tax year, but Congress would have to debate them all over again in 2015.. "We are confident that...

  • MOSCOW, Dec 15- The rouble and Russian assets plunged to new lows on Monday amid concern about possible new U.S. sanctions over Ukraine, weak oil prices and one-sided bets that the currency would extend its slide. The Russian currency has been hammered since the summer by falling oil prices, sanctions over Ukraine and broad-based aversion to Russian assets as the...

  • RUSSIA C.BANK SAYS CAPITAL OUTFLOWS IN Q4 WILL RISE TO LEVEL COMPARABLE WITH THAT OF Q1 AS INTERNATIONAL CAPITAL MARKETS CLOSED.