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  • *Final day of talks on Iran nuclear programme. *OPEC to meet in Vienna on Nov. 27. LONDON, Nov 24- Brent crude oil stabilised around $80 a barrel on Monday as world powers met in Vienna for the final day of talks on Iran's nuclear programme ahead of a key meeting of producer group OPEC to discuss production.

  • European shares extend Friday's rally; helped by M&A Monday, 24 Nov 2014 | 4:09 AM ET

    *Friends Life surged 7.9 pct on Aviva deal. Shares in UK insurer Friends Life surged 7.9 percent after rival Aviva agreed terms on a possible deal to buy it for 5.6 billion pounds. Aviva stock slipped 3.7 percent.

  • German business morale rebounds in November Monday, 24 Nov 2014 | 4:06 AM ET

    BERLIN, Nov 24- German business sentiment rebounded in November, breaking a streak of six straight declines, in a sign Europe's largest economy is gaining momentum again after narrowly avoiding a recession in the third quarter. The Ifo's business climate index, based on a monthly survey of some 7,000 firms, rose to 104.7 from 103.2 in the previous month, the Munich-...

  • The rouble tracked Asian markets higher on the prospect of further policy stimulus in China and Europe, which also helped lift prices for oil, one of Russia's main exports and sources of budget revenue. Investors in Russian assets were also positioning before this week's OPEC meeting, at which the oil producing group is expected to discuss whether to cut output...

  • MOSCOW, Nov 24- Russian banks may earn 10 percent less profit in 2014 than last year, the central bank's First Deputy Chairman Alexei Simanovsky told a news conference on Monday. External markets are largely closed for Russian banks and companies, some of which- including top banks Sberbank and VTB- are under Western sanctions over Moscow's role in the Ukraine...

  • LONDON, Nov 24- The euro flirted with a two-year trough against the dollar on Monday as investors bet the European Central Bank would ease monetary policy more aggressively to ward off deflation in the stuttering euro zone. Draghi's comments saw the euro lose more than 1.2 percent on Friday- its biggest daily fall in 2-1/ 2 months- and it dropped further in early...

  • RUSSIAN BANKS TO MAKE 10 PCT LESS IN 2014 PROFITS THAN IN 2013- DEPUTY CENTRAL BANK HEAD.

  • European shares pause after sharp rally Monday, 24 Nov 2014 | 3:10 AM ET

    PARIS, Nov 24- European shares inched lower in early trading on Monday, taking a breather after the previous session's sharp rally sparked by dovish comments from European Central Bank President Mario Draghi and a surprise interest rate cut in China. On the M&A front, shares in British insurer Aviva fell 2.9 percent after it agreed terms on a possible deal to buy...

  • Hong Kong shares surge after China cuts rates Monday, 24 Nov 2014 | 3:06 AM ET

    SHANGHAI, March 27- Hong Kong shares rose sharply on Monday after China's central bank caught markets off-guard by cutting benchmark lending rates on Friday to shore up the cooling economy. Gains in property and brokerage stocks led benchmark indexes in Hong Kong and mainland China higher as investors anticipated a cut in mortgage rates.

  • SINGAPORE/ KUALA LUMPUR, Nov 24- Deutsche Bank has advised investor caution about shares in MOL Global Inc a day after it issued a buy recommendation for the Malaysian online payment firm it helped go public almost two months ago. MOL, majority owned by Malaysian billionaire Vincent Tan and the sultan of the southern state of Johor, did not provide further details...

  • MOSCOW, Nov 24- Russia may suggest cutting its oil production by around 15 million tonnes a year and expects OPEC to limit its output as well, Kommersant daily newspaper said, citing sources. Before OPEC meets later this week in Vienna, Russia has spoken to members Venezuela and Saudi Arabia about the need to support the oil market and hopes to press its message on...

  • RUSSIA IS LOSING ABOUT $40 BLN PER YEAR OVER WESTERN SANCTIONS AND ANOTHER $90- 100 BLN FROM FALLING OIL PRICE- FINANCE MINISTER.

  • RUSSIA LOSES AROUND $40 BLN A YEAR DUE TO SANCTIONS AND AROUND $90- $100 BLN A YEAR DUE TO FALLING OIL PRICES- RUSSIAN FINMIN.

  • *OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China's move to lower interest rates late last week also underpinned prices. Asian markets rallied on Monday with shares in Shanghai hitting three-year highs as the...

  • Telefonica in talks to sell O2 to BT - report Monday, 24 Nov 2014 | 2:22 AM ET

    MADRID, Nov 24- Spain's Telefonica could sell its UK mobile operator O2 to British Telecom in return for a 20 percent stake in BT as part of a "strategic alliance" to strengthen the pair, Spanish website El Confidencial reported on Monday. "According to various sources, the talks between Telefonica and British Telecom are advanced although no final deal has been...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.65 percent, to 2,649.26 points, its highest close since Feb 2013. Among the most active stocks in Shanghai were China State Construction, up 5 percent to 4.00 yuan; CITIC Securities, up 6.23 percent to 16.54 yuan; and Poly Real Estate, up 10.03 percent to 6.47 yuan. In Shenzhen, China Vanke...

  • Nov 24- Canadian buyout firm Onex Corp said it would buy Swiss packaging group SIG Combibloc Group AG for up to 3.57 billion euros. The deal is expected to close in the first quarter of 2015, subject to regulatory approvals, Onex said. Reuters reported earlier this month that Onex, Canada's largest listed private equity firm, was leading the bidding for SIG...

  • Rouble opens sharply higher against dollar, euro Monday, 24 Nov 2014 | 2:07 AM ET

    MOSCOW, Nov 24- Russia's rouble opened sharply higher against both the dollar and the euro on Monday, extending last week's gains as global risk appetite was boosted by the prospect of further policy stimulus in China and Europe. At 0704 GMT, the rouble was around 1.1 percent stronger against the dollar at 45.23 and gained 1.1 percent to trade at 56.05 versus the...

  • NEW YORK, Nov 24- U.S. fund firms are taking extra measures to make sure they don't get stuck holding hard-to-sell bonds in the event that fixed income markets see a massive race to the exits when interest rates start to rise. Over the past few months a growing number of asset managers, including Neuberger Berman, Natixis Global Management and T. Rowe Price have been...

  • *OPEC credibility may be in question if no cut agreed. LONDON, Nov 24- Oil prices could plunge to $60 a barrel if OPEC does not agree a significant output cut when it meets in Vienna this week, market players say. "The market would question the credibility of OPEC and its influence on global oil markets if there was no cut," said Daniel Bathe, of Lupus alpha Commodity Invest...