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  • BERLIN, Dec 12- Sales growth at Volkswagen, Europe's biggest carmaker, was the slowest for 15 months in November as declining demand in the Americas offset gains in Europe and China. The German group, whose brands include the luxury Audi marque and its core VW passenger-car division, said on Friday deliveries edged up 0.7 percent last month compared with the same...

  • Siemens challenges Bombardier contract win in Vienna Friday, 12 Dec 2014 | 7:52 AM ET

    VIENNA, Dec 12- German group Siemens has filed an appeal challenging the city of Vienna's selection this month of Canada's Bombardier to supply trams in a deal worth 562 million euros, the city's transport authority said on Friday. A Wiener Linien spokesman said a Vienna court would now rule within weeks on the contract for as many as 156 streetcars.

  • JOHANNESBURG, Dec 12- South Africa will announce a series of renewable energy projects on Monday that will add 1,000 megawatts of power into the country's constrained electricity grid, sources close to the deals told Reuters. Another non-government source familiar with the bidding said the following firms were strong contenders: Johannesburg- based...

  • US STOCKS-Futures lower on China data, oil decline Friday, 12 Dec 2014 | 7:48 AM ET

    NEW YORK, Dec 12- U.S. stock index futures fell on Friday, putting the S&P 500 on track to snap a seven-week run of gains, as oil prices declined and after disappointing data in China. *Brent crude slipped to a low of $62.75, its lowest since July 2009, and was last down 0.6 percent at $63.30. WTI crude dropped below $60 a barrel and was last down 1 percent at $59.37 as worries...

  • SQUEEZED FX BROKERS FACE CHOICE: MERGE OR SPEND BIG ON TECH@* Boom in M&A for mostly London- based specialist brokers* Brokers made millions undercutting banks on corporate FX* But squeeze coming from spread of multi-dealer platforms. LONDON, Dec 12- Next year may prove a watershed for a generation of London forex entrepreneurs who have made millions undercutting...

  • Dec 12- BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast, saying it expected a weak rouble to hit sales in Russia. The Canadian company, which manufactures in Europe and counts Russia as one of its biggest markets, also reported a lower-than-expected third-quarter profit. BRP, spun off from...

  • German union calls new strike at Amazon warehouses Friday, 12 Dec 2014 | 7:25 AM ET

    FRANKFURT, Dec 12- German union Verdi has called a fresh three-day strike at five Amazon warehouses, increasing pressure on the online retailer during the busy pre-Christmas period in a long-running dispute over pay and conditions. Verdi said in a statement on Friday it had called on workers to strike at distribution centres in Bad Hersfeld, Leipzig, Graben,...

  • PARIS, Dec 12- European stocks tumbled again on Friday, leaving them on course for their biggest weekly loss since May 2012 as shares in oil and oil services firms sank further along with crude oil prices. Saipem dropped 4.2 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 2 percent and CGG down 6.2 percent.

  • *ArcelorMittal booked block of iron ore trades in Sept. LONDON, Dec 12- Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said...

  • Dec 12- ChemoCentryx Inc said a combination of its experimental drug and the standard-of-care regimen was found to be superior in diabetics with progressive kidney disease than standard treatment alone. The Mountain View, California- based company's shares jumped more than 39 percent to $6.25 in premarket trade on Friday. Diabetic nephropathy is the...

  • Gucci, which provides the bulk of operating income for parent company Kering, had long said that declining sales were a result of trying to move the brand further upmarket and tough trading, particularly in China. Deciding it was now time for a change at the top, Kering promoted luxury couture and leather goods division head Marco Bizzarri to become Gucci chief...

  • COLUMN-Why oil prices are so unstable: Kemp Friday, 12 Dec 2014 | 7:05 AM ET

    Regular and apparently self-sustaining price cycles were first observed in the price of hogs in the United States and Germany in the final quarter of the 19th and first quarter of the 20th centuries. Economists in Italy, the Netherlands and the United States separately published theories in 1930 to explain why prices cycled up and down regularly rather than...

  • Dec 12- Health insurer Centene Corp forecast better-than-expected sales and profit for 2015 as it signs on more Medicaid members. The company, which provides services to government-sponsored healthcare programs, said it expects to earn $5.05 to $5.35 per share next year. It also forecast premium and service revenue of $20.3 billion to $20.8 billion.

  • LONDON, Dec 12- Copper rose on Friday on hopes that China would unleash more stimulus measures after factory output growth slowed more than expected in the world' top metals consumer. China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion near a 13- year low, putting pressure on...

  • Dec 12- Canada's BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercrafts, reported a 23 percent fall in quarterly profit and cut its full-year earnings and revenue forecast, citing the weak Russian ruble. The company's net profit fell to C $37.2 million ( $32.17 million in the third quarter ended Oct. 31 from C $48.2 million a year earlier.

  • *ECB chief to meet Europe's leaders in Brussels. FRANKFURT, Dec 12- The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant euro zone. As the central bank inches closer to printing money to buy...

  • HAMBURG, Dec 12- Copper ore refining charges are likely to rise sharply in 2015 following initial contract settlements reported in China, the CEO of Europe's largest copper refiner Aurubis said on Friday. "I think the settlements in the new year will be around this overall level," said Aurubis CEO Bernd Drouven. Aurubis will also undertake a major maintenance and...

  • MUMBAI, Dec 12- A ban on online taxi services in India, following the arrest in New Delhi of an Uber driver accused of rape, has brought uncertainty to the millions of dollars of international investment pumped into Uber's Indian rivals Ola and TaxiForSure. Ola raised $210 million in October from a group led by Japan's SoftBank Corp. TaxiForSure attracted $30...

  • MF Global's underwriters to settle suit for $74 mln Friday, 12 Dec 2014 | 5:40 AM ET

    Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...

  • SHANGHAI, Dec 12- It took China's biggest retail chain Suning all last year to generate sales of about $17 billion. Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming. This week, Wal-Mart said it had...