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  • *Asset sales have yielded $150 billion over four years. LONDON, Nov 28- With oil company revenues set to drop on the back of a rout in prices, boards will have to cut investments and increase borrowing to maintain their cherished dividend payouts. The world's top oil companies including BP, Royal Dutch Shell, Total, ExxonMobil and Chevron are already in the midst of a...

  • CARACAS, Nov 28- Venezuelan President Nicolas Maduro has paved the way for the legalization of the black market for currency through a reform of the Exchange Crimes Law, potentially clarifying operations currently seen stuck in a legal gray area. The new law was published in the Official Gazette that was distributed on Friday. Venezuela's currency has...

  • UPDATE 2-India eases gold import rule in surprise move Friday, 28 Nov 2014 | 11:12 AM ET

    MUMBAI, Nov 28- India has scrapped a rule mandating traders to export 20 percent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China. Along with a record duty of 10 percent, India introduced the so-called 80:20 import rule tying imports to...

  • OTTAWA, Nov 28- Canada's economy grew faster than expected in the third quarter, according to data on Friday, but cheaper oil prices add to the likelihood the Bank of Canada will not consider higher interest rates anytime soon despite the recent run of strong figures. Bank of Montreal chief economist Doug Porter said the string of strong data on jobs, auto sales,...

  • LONDON, Nov 28- The main bet that oil speculators are making for the first few months of next year is that a barrel of Brent crude will fall to $65, according to options market data. Speculators increased these positions before the OPEC meeting in Vienna this week, as expectations rose that it would not cut production- which turned out to be correct.

  • Canada and Mexico won a WTO ruling three years ago that said the U.S. rules illegally discriminated against imported meat. The United States lost a subsequent appeal and was told to bring its laws into line, but in October this year the WTO said it had not done so, paving the way for Canada and Mexico to demand the right to impose trade sanctions.

  • NEW YORK, Nov 28- Long-dated U.S. Brent crude touched a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the OPEC oil cartel to cut production to stem a slide in global prices. "Global disinflationary factors continue to dominate market moves," said Shyam Rajan, U.S. rates strategist at Bank of America Merrill Lynch in New York.

  • TORONTO, Nov 28- Technology startups in Canada are seeking to lure back expatriates from Silicon Valley with the promise of executive roles, generous stakes and the chance to stamp their mark on a nascent industry. Industry executives estimate between 300,000 and 350,000 Canadians live in Silicon Valley. A small but growing number are being tempted to return...

  • LONDON/ MILAN, Nov 28- Falling crude oil prices may boost European demand for oil-indexed gas next year, such as pipeline gas from Russia, when its price is likely to fall below spot prices. Brent crude oil fell to an intraday four-year low of $71.12 a barrel on Friday, the day after OPEC decided not to cut supply, which dragged down other energy prices.

  • *Brent crude rebounds after OPEC, but U.S. crude falls further. *Dollar mostly strengthens on OPEC decision, bond yields fall. NEW YORK, Nov 28- Brent crude touched fresh four-year lows on Friday, knocking down both energy-related shares and currencies after OPEC's decision a day earlier not to cut output reinforced prospects of an oil supply glut around the world.

  • MUMBAI, Nov 28- India on Friday scrapped a rule mandating traders to export 20 percent of all gold imported into the country in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China. "It has been decided by the Government of India to withdraw the 20:80 scheme and restrictions placed on...

  • NEW YORK, Nov 28- U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low. Crude plunged 5.9 percent to $69.38 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied.

  • WEST HARTFORD, Conn., Nov 28- Mall crowds were relatively thin early on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online. Police responded to a handful of incidents at Wal-Mart Stores on Thursday, including to break up a fight over a Barbie...

  • Nov 28- BCE Inc, Canada's largest telecommunications company, said it would buy mobile phone retailer Glentel Inc for about C $594 million in cash and stock. Glentel's shareholders will get C $26.50 per share, which represents a 108 percent premium to its Thursday close on the Toronto Stock Exchange. Burnaby, British Colombia-based Glentel sells mobile phones...

  • NEW YORK, Nov 28- The dollar gained on Friday as concerns about continuing low oil prices added to deflation fears in the euro zone and Japan, while conversely boosting expectations that cheaper oil will help stimulate U.S. consumer spending. "The expectation that oil prices are going to remain under pressure at least for the next few months, and the inflation data...

  • NEW YORK, Nov 28- The S&P 500 opened slightly lower on Friday, weighed by energy shares as U.S. crude fell nearly 6 percent after OPEC decided against cutting output. The Dow Jones industrial average rose 22.64 points, or 0.13 percent, to 17,850.39, the S&P 500 lost 4.02 points, or 0.19 percent, to 2,068.81 and the Nasdaq Composite added 6.17 points, or 0.13 percent, to...

  • LONDON, Nov 28- Gold fell more than 1 percent on Friday to head for its first weekly drop in four on the back of sharply lower oil prices and dollar strength, though traders remained cautious ahead of a referendum on Swiss bullion reserves this weekend. Oil prices posted their sharpest losses since 2011 on Thursday after OPEC refrained from cutting its output...

  • Areva's options narrow in shadow of debt refinancing Friday, 28 Nov 2014 | 9:24 AM ET

    PARIS, Nov 28- With big bond repayments due in 2016-17 and its credit rating cut to junk last week, France's loss-making nuclear group Areva has a narrow and shrinking window to turn around its business and refinance its pile of debt. With billions of capital destroyed by writedowns on a Finland reactor project and an African uranium mine and its revenue crimped...

  • MILAN, Nov 28- A loyalty scheme that would increase the voting power of Ferrari shareholders is one option parent Fiat Chrysler Automobiles will consider when it spins off the luxury marque next year, Chairman John Elkann said on Friday. Fiat introduced such a scheme when it merged into Dutch-registered FCA this year, rewarding its own long-term investors and...

  • WARSAW, Nov 28- Poland's embassy in Algiers is not the grandest posting- the diplomats share the building with their Swedish colleagues to keep costs down- but last year it oversaw the fastest growth in trade of any Polish mission. When Poland joined the European Union a decade ago, it believed it had found its path to prosperity. That Poland and its peers in eastern...