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  • European shares set for biggest weekly loss in 3 years Friday, 12 Dec 2014 | 11:11 AM ET

    The broad STOXX Europe 600 has lost 5.2 percent during the week, representing a wipeout in market capitalisation of roughly $468 billion, nearly twice the size of Greece's GDP. Saipem dropped 5 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 4.8 percent and CGG down 4.6 percent. Crude has dropped more than 45...

  • BRENT CRUDE OIL FUTURES FALL BELOW $62 A BARREL FOR THE FIRST TIME SINCE JULY 2009.

  • Dec 12- BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast as it expects a weak rouble to hit sales in Russia, sending its shares down as much as 17 percent to a record low. It has manufacturing plants in the United States, Canada, Mexico and Europe. BRP, spun off from Bombardier Inc in 2003, cut its full-year...

  • WTO TALKS FAIL TO CLINCH DEAL ON TRILLION DOLLAR TARIFF CUTS ON INFORMATION TECHNOLOGY GOODS- DIPLOMATS.

  • Shares of big-data company Hortonworks jump in debut Friday, 12 Dec 2014 | 10:50 AM ET

    Dec 12- Shares of Hortonworks Inc, a big-data company spun off from Yahoo Inc, rose as much as 52 percent in their market debut, valuing the company at up to $1 billion. HortonWorks helps companies manage data through Hadoop, an open-source software that crunches massive amounts of data and is used by companies such as Facebook Inc, Twitter Inc and Amazon.com Inc..

  • MOSCOW, Dec 12- About 100 Russians who have seen their mortgage payments rocket due to the plunge in the value of the rouble took to the streets of central Moscow on Friday to demand state help. We don't want to default, "said Yelena Lebedenko, an accountant whose monthly repayments have in seven years risen from 40,000 roubles to nearly 90,000..

  • Repsol finalizing bid for Talisman - source Friday, 12 Dec 2014 | 10:23 AM ET

    MADRID, Dec 12- Spanish oil major Repsol SA is finalizing a bid to acquire Canada's Talisman Energy Inc and has sent executives to Calgary to step up talks, a source with knowledge of the matter said on Friday. Shares in Repsol were down 4.2 percent at 16.49 euros. "Repsol executives are in Canada but no offer has yet been made," the source said on condition of anonymity.

  • Repsol finalising bid for Talisman - source Friday, 12 Dec 2014 | 10:23 AM ET

    MADRID, Dec 12- Spanish oil major Repsol SA is finalising a bid to acquire Canada's Talisman Energy Inc and has sent executives to Calgary to step up talks, a source with knowledge of the matter said on Friday. Shares in Repsol were down 4.2 percent at 16.49 euros. "Repsol executives are in Canada but no offer has yet been made," the source said on condition of anonymity.

  • MOSCOW, Dec 12- The Russian rouble dropped to a new low of almost 58 to the dollar, continuing a slide that traders said led the central bank to intervene in the market on Friday after a rate hike failed to break the currency's fall. The rouble has lost more than 40 percent against the dollar since the beginning of the year, hurt by a slide in oil prices and risk aversion...

  • US STOCKS-Wall St declines as oil tumbles further Friday, 12 Dec 2014 | 10:17 AM ET

    *WTI crude falls below $59 a barrel. NEW YORK, Dec 12- U.S. stocks dipped on Friday, putting the benchmark S&P 500 on track to snap seven weeks of gains, after oil prices slumped further. "It's all about the pendulum swing, it works both ways, you can see that $107 in the summertime was ridiculous and now you will see it in the opposite direction, probably towards the $50 range...

  • DETROIT, Dec 12- Chrysler Group is expanding its U.S. recall of older-model vehicles with Takata Corp passenger-side air bags, adding a second inflator design to the recall and more affected regions. The company said no accidents or injuries in any of its vehicles have been linked to any Takata passenger-side inflators. Chrysler was one of 10 automakers who...

  • WASHINGTON, Dec 12- The head of the International Monetary Fund said on Friday the global lender was ready to discuss ways to move forward without the United States on reforms that would give emerging markets greater IMF voting power. The agreed changes would double the Fund's resources and hand more IMF voting power to countries such as Brazil, Russia, India,...

  • DUBLIN, Dec 12- Fergus Reynolds has supported Ireland's governing Fine Gael party for 43 years, but this week he joined tens of thousands of people to march against them and pledged never to vote for Prime Minister Enda Kenny again. This is what much of the fastest-growing economy in Europe looks like at the end of 2014 as post-austerity Ireland serves a timely...

  • UPDATE 11-Oil tumbles towards $62 on supply glut Friday, 12 Dec 2014 | 10:09 AM ET

    LONDON, Dec 12- Oil fell to fresh lows not seen since July 2009 on Friday with Brent crude slipping towards $62 a barrel on concerns over a global supply glut and weak demand. The International Energy Agency said oil prices would likely come under further pressure, cutting its outlook for demand growth in 2015 and predicting that non- OPEC output gains would...

  • Dec 12- U.S. stocks opened lower on Friday, putting the benchmark S&P 500 on track to snap seven straight weeks of gains, after oil prices fell and Chinese data disappointed.

  • NEW YORK, Dec 12- U.S. Falling oil has pressured energy stocks and increased concerns about disinflation while slowing European growth has pushed down yields of German and U.K. government debt to record lows, making U.S. yields comparatively more attractive. "The selloff in crude oil is really pressuring bond prices higher... it's extremely deflationary," said Tom...

  • SIDEBAR-On the Dutch coast, an experiment in sand Friday, 12 Dec 2014 | 9:22 AM ET

    TER HEIJDE, Netherlands, Dec 12- A pile of sand about eight times the volume of the Great Pyramid of Giza is shaping up as a cut-rate model for protecting coasts from rising seas. The "Sand Engine" is 28 million cubic yards covering an area 1.2 miles long and half a mile wide. But so far, the 70 million euro Sand Engine "is doing more or less what was predicted, moving a bit...

  • LIMIT ON ROUBLE LIQUIDITY VIA FX SWAPS IS PART OF BANK'S STRATEGY TO RESTRICT' SPECULATIVE' ATTACKS ON ROUBLE- CENTRAL BANK.

  • HAPPISBURGH, England, Dec 12- Bryony Nierop-Reading has what she calls a million-dollar view from her clifftop property in east England, looking out over North Sea swells beyond a sandy beach where gulls wheel overhead. Her bungalow was demolished by the local council after a December 2013 storm bit a 33- foot chunk out of the cliff, leaving her home perched over a...

  • CENTRAL BANK SAYS LIMIT VIA FX SWAPS TO BE EQUIVALENT TO $2 BLN BETWEEN DEC 15 AND 21.