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  • ISTANBUL, Nov 24- Turkey and the United States smoothed over some differences in the fight against Islamic State during a weekend visit by U.S. Turkey has been a reluctant partner in the U.S.-led coalition against Islamic State, refusing to take a frontline military role despite its 1,200 km border with Iraq and Syria and thereby intensifying Western concern...

  • Nov 24- BioMarin Pharmaceuticals Inc said it would buy Dutch drug developer Prosensa Holding NV for about $840 million, betting on a drug that has potential to become the first approved treatment for a rare muscle disorder. "Though the asset has risk given the clinical history, we believe the payoff for BioMarin could be substantial given the unmet need...

  • *Russia adds to speculation on OPEC, offering its own output cuts. NEW YORK, Nov 24- Crude prices pared Monday's early losses as traders and investors speculated OPEC producers might surprise with an cut output above what market players expect when the producer group meets this week. Russia, which needs higher oil prices to support its economy, tried on Monday to...

  • LONDON, Nov 24- If the world's biggest central banks were actually coordinating a global monetary policy, they could scarcely do a better job of convincing financial markets right now. Three weeks on, European Central Bank chief Mario Draghi insists his bank will move "as fast as possible" to raise euro zone inflation using all means available- something...

  • Separately, Poroshenko also announced that Lithuania would provide Ukraine with some military aid to help Kiev in its fight against pro-Russian separatists in the east of the country. It was not clear, however, if Lithuania was following fellow NATO member the United States in providing non-lethal military equipment or whether it was supplying weaponry-...

  • MADRID, Nov 24- The head of Germany's Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move. The remarks from Jens Weidmann, who also sits on the ECB's Governing Council, raise a further question mark over ECB President Mario...

  • *Oil regains some lost ground ahead of OPEC meeting. NEW YORK, Nov 24- U.S. stocks opened higher on Monday, extending a global equity rally in Asia and Europe fueled by merger activity and signals that central banks were willing to step further into the economic breach to support growth and inflation. European Central Bank President Mario Draghi also looked to be...

  • Nov 24- United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard. The maker of Otis elevators, Pratt& Whitney jet engines and Sikorsky helicopters said in a press release that...

  • *Russia helps markets by not raising oil output- Energy Minister Moscow may make oil output cuts of 15 mln t in 2015- paper. MOSCOW, Nov 24- Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week's OPEC meeting by suggesting Moscow could cut output if the group does the same. With oil prices threatening to go as low as $60 if OPEC...

  • LONDON, Nov 24- Google Inc said on Monday it had reached a settlement with a British businessman over defamatory postings in its search results describing him as a pedophile, a murderer and a money-launderer. Calling that an incomplete solution, Hegglin asked the High Court of Justice in England and Wales to order Google to ensure the material did not appear in...

  • LAGOS, Nov 24- Nigeria's naira hit a record low on Monday on concerns that a recent slide in global oil prices could undermine the central bank's efforts to keep defending the currency, dealers said. While the naira recouped some losses later in the day, one economist said an eventual devaluation was creeping closer for Nigeria, which also faces an Islamist...

  • BEREZNIKI, Russia, Nov 24- Russia's Uralkali, the world's biggest potash producer, is preparing to start repair work at part of the damaged Solikamsk-2 mine, though it is unclear when output of the fertiliser will restart. An inflow of water and the resulting sinkhole in 2006 forced another Uralkali operation to shut permanently. "The possibility of starting work...

  • NEW YORK, Nov 24- Two additional deaths have been attributed to a faulty ignition switch in General Motors Co vehicles, bringing the total to 35, according a report on Monday from the lawyer overseeing a program to compensate for deaths and accidents linked to the part. As of Friday, the program, which began accepting claims on Aug. 1, had received 2,180 claims for...

  • LONDON, Nov 24- Financial institutions that settle trillions of dollars of derivative contracts a day may need to hold more capital to stop them requiring a government bailout if they fail, a senior Bank of England official said on Monday. "There is... an important question as to whether CCPs are resolvable in their current forms, and... whether changes to the liability...

  • Nov 24- A unit of Citigroup Inc must pay a $15 million fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry funded regulator said on Monday. Citigroup, which settled the allegations with FINRA, neither admitted nor denied the charges, but consented to the...

  • *Euro STOXX 50 up 0.8 pct, eyes biggest 2- day rise in 19 months. After European Central Bank chief Mario Draghi promised on Friday to use whatever means necessary to raise inflation, investors were betting the ECB would soon unveil new measures, possibly including government bond purchases. The euro zone Euro STOXX 50 index was up 0.8 percent at 3,220.50 points at...

  • *Chinese premiums hold steady at $1- $2. LONDON, Nov 24- Gold edged down on Monday, as the dollar steadied but prices remained near a three-week high after a surprise rate cut in China raised hopes demand for bullion in the top consumer would increase. "The significance of the rate cut is that it is effectively like putting more money in individuals' pockets," Mitsubishi...

  • Nov 24- Merck& Co Inc on Monday said it would buy worldwide commercial rights to NewLink Genetics Corp's experimental vaccine meant to prevent infection with the Ebola virus. Guinea, Sierra Leone and Liberia account for all but 15 of the deaths. The Walter Reed Army Institute of Research and the U.S. National Institute of Allergy and Infectious Diseases, part of...

  • NEW YORK, Nov 24- Prices of U.S. Treasury will sell $28 billion in two-year notes, $13 billion in two-year floating rate notes, $35 billion in five-year notes and $29 billion in seven-year notes. Traders sold fewer shorter-dated Treasury notes than 30- year Treasury bonds since they had become less sensitive to signs of when the Federal Reserve will raise...

  • *Kenya issued $2 bln Eurobond on Irish exchange in June. DIANI, Kenya, Nov 24- Kenya could cross-list its $2 billion Eurobond on the Nairobi bourse, Deputy President William Ruto said on Monday, telling investors that the yield on Kenyan debt is likely to fall as inflation eases. "I'm happy now that the stock exchange in Kenya is prepared to work with us as government to...