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  • LONDON, Dec 9- Rising demand led by the United States and tighter supplies will boost the diamond market in coming years, but challenges to growth will include access to financing and the need for increased marketing, consultancy Bain said on Tuesday. Rising demand in the United States, the top retail market for diamond jewelry, followed by China and India, will...

  • Nissan is recalling the vehicles from model years 2012 through 2015 because fuel pressure sensors may not have been sufficiently tightened during production. A Nissan spokesman said there have been no reports of accidents or injuries related to the issue. Of the affected vehicles, about 233,000 are in Japan, 143,000 in North America, 22,500 in Europe, and...

  • NEW YORK/ WINNIPEG, Dec 9- Valeant Pharmaceuticals International Inc is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters. Speculation about Valeant's next takeover target has...

  • Dec 9- Sumitomo Mitsui Financial Group Inc will announce as soon as next week that it will buy Citigroup Inc's Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter. Reuters reported in November that four banks including SMFG unit Sumitomo Mitsui Banking Corp were expected to participate in the second round of...

  • LONDON, Dec 9- Brent crude oil hit a fresh five-year low on Tuesday before rebounding to near $67 a barrel, as some buyers emerged in the hope that prices are bottoming following a more than 40 percent slide since June. Brent crude for January delivery was up 46 cents at $66.65 a barrel by 1330 GMT after falling as low as $65.29, its weakest since September 2009.

  • BRASILIA, Dec 9- Brazil's top prosecutor Rodrigo Janot called on Tuesday for the punishment of everyone involved in a scheme to funnel kickbacks from contracts with state-run oil firm Petrobras to politicians. Janot's strongest comments so far on Brazil's latest corruption scandal were made as federal prosecutors prepare to indict 11 executives at six of...

  • UPDATE 1-Saks owner Hudson's Bay posts smaller loss Tuesday, 9 Dec 2014 | 8:39 AM ET

    Dec 9- Canadian department store operator Hudson's Bay Co posted a smaller quarterly loss, helped by higher same-store sales, its purchase of U.S. upscale retailer Saks Inc last year and lower acquisition-related finance costs. Same-store sales at the company's stores, including Hudson's Bay outlets and its U.S.-based Lord& Taylor chain, rose 1.7 percent in...

  • Portland sues to stop Uber online car service Tuesday, 9 Dec 2014 | 8:37 AM ET
    Uber app on a mobile phone

    Portland sued Uber to stop the fast-growing ride-hailing service from operating in the Oregon city until it follows local regulations.

  • NEW YORK, Dec 9- U.S. stock index futures declined on Tuesday, putting the S&P 500 on track to extend losses after suffering its biggest drop since Oct. 22 in the prior session on concerns about global growth. Oil prices have been under pressure as the dollar has strengthened and OPEC decided against an output cut. *U.S.-listed shares of Seadrill gained 3.1 percent to...

  • DETROIT, Dec 9- Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators. Hyundai is recalling certain 2009-2011 Genesis and 2011 Equus sedans because a circuit failure may lead to the brake lights not illuminating, according to documents filed with the...

  • US 30- YEAR TREASURY BOND YIELDS ROP TO 2.867 PERCENT, LOWEST SINCE OCT 16.

  • Dec 9- Texas- based electronics and home appliance retailer Conn's Inc reported a third-quarter loss and withdrew its 2015 profit forecast, sending its shares down as much as 40 percent in premarket trading. Shares of the company, which also said CFO Brian Taylor had resigned, were set to open at a more than two year-low on Tuesday. The company reported a net loss of...

  • Dec 9- AutoZone Inc, the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter. AutoZone's shares rose 3.3 percent in premarket trading. AutoZone said on Tuesday sales were also helped by low gas...

  • MOSCOW, Dec 9- Russian businessman Gennady Timchenko said on Tuesday he was not interested in buying mid-sized oil company Bashneft and would not be interested in doing so in the future. A Moscow court handed shares in Bashneft to the state earlier this year after ruling its privatization had been unlawful. Timchenko, an ally of Russian President Vladimir Putin,...

  • *Says 2014-15 trading profit will not exceed 1.4 bln stg. LONDON, Dec 9- Tesco cut profit expectations for the fourth time in five months on Tuesday as the cost of rebuilding after an accounting scandal and a dramatic loss of market share increased pressure on the British grocer and its new boss. Chief Executive Dave Lewis, who joined to rescue Britain's largest...

  • Dec 9- Sumitomo Mitsui Financial Group Inc will announce as soon as next week that it will buy Citigroup Inc's Japanese consumer banking business, Bloomberg reported, citing people with knowledge of the matter. SMFG, Japan's second biggest bank by market value, will buy the business for about 40 billion yen, Bloomberg said. Other Japanese companies are...

  • KIEV, Dec 9- Ukraine will conduct audits of state companies with a view to selling stakes on international markets, Prime Minister Arseny Yatseniuk said on Tuesday, as part of the new government's drive to reform corrupt and inefficient state institutions. Around 1,500 state firms cannot be privatised by law at present, but the Kiev government will recommend...

  • MOSCOW, Dec 9- Russia's central bank will raise its key lending rate by one percentage point later this week to try and halt the rouble's slide, most contributors to a Reuters poll of 17 analysts predicted on Tuesday. "We think that the central bank will increase rates by a percentage point, maybe by one and a half, in order to try to stabilise the situation on the forex...

  • Dec 9- With better and better evidence emerging that the Federal Reserve ought to raise interest rates soon, its much debated, always denied role as guarantor of asset prices will be put to the test. If this test goes like all of the others, then if markets fall hard, the Fed will step in. William Dudley, President of the New York Fed, became the latest last week to deny that...

  • RUSSIAN CENTRAL BANK SEEN RAISING KEY LENDING RATE BY ONE POINT TO 10.5 PCT- REUTERS POLL.