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  • LA CHAUX-DE-FONDS, Switzerland, Dec 16- TAG Heuer is pushing ahead with plans for a smartwatch to more directly compete with the likes of the Apple Watch and may make acquisitions to help drive the strategy, its head said on Tuesday. We have done several partnerships and might also do acquisitions, "Biver, head of LVMH watches and TAG Heuer interim chief executive,...

  • MOSCOW, Dec 16- The overnight decision by the Russian central bank to raise rates came too late, RIA Novosti cited Economy Minister Alexei Ulyukayev as saying on Tuesday. Ulyukayev, speaking after a meeting with top policy makers hosted by Prime Minister Dmitry Medvedev, also said capital controls were not discussed. Ulyukayev added the officials discussed...

  • RUSSIAN CENTRAL BANK OVERNIGHT DECISION TO RAISE RATES CAME LATE- ULYUKAYEV.

  • CURRENT MARKET SITUATION CALLS FOR SUPPORTING RUSSIAN BANKING SECTOR TO ENSURE STABILITY- ULYUKAYEV.

  • Dec 16- The Financial Industry Regulatory Authority, Wall Street's industry-funded regulator, fined Bank of America Corp's Merrill Lynch unit $1.9 million for unfair pricing related to the purchase of distressed securities over two years. Merrill Lynch's global banking and markets credit trading desk had bought senior notes of Motors Liquidation Co,...

  • RUSSIAN PRIME MINISTER DISCUSSED DIFFICULT SITUATION ON CURRENCY MARKET WITH TOP POLICY MAKERS- RIA NOVOSTI CITES ECONOMY MINISTER.

  • CAIRO, Dec 16- The captain and first officer of a Kuwaiti container ship have been detained for four days after their ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians, a public prosecutor said on Tuesday. The prosecutor said on Monday that initial enquiries showed the fishing boat had capsized following the collision with the Kuwaiti ship,...

  • "Oil plunging... is causing volatility in currencies and causing people to take profit in the dollar," said Alan Ruskin, global head of currency strategy at Deutsche Bank in New York. The threat that tumbling oil prices pose to Russia's economy, along with the Russian central bank's failure to halt the currency's plunge through an emergency rate hike, led the Russian...

  • Russia-exposed stocks lag skittish European indexes Tuesday, 16 Dec 2014 | 11:00 AM ET

    LONDON, Dec 16- Shares in European companies exposed to Russia lagged volatile regional indexes on Tuesday, as the rouble plunged in value and concern grew about the state of the Russian economy. Shares in Raiffeisen Bank International, which relies on Russia for profits, fell more than 8 percent to a record low after Russia's aggressive hike in interest rates...

  • LONDON, Dec 16- Russia has made constructive moves in recent days towards possibly reducing tensions in Ukraine, U.S. Speaking in London, Kerry said the United States and Europe were ready to ease sanctions against Russia if President Vladimir Putin took more steps to deescalate tensions in eastern Ukraine. Ukraine's separatist east passed the night into...

  • Dec 16- Wal-Mart Stores Inc said the Pennsylvania Supreme Court had ordered it to pay about $188 million to settle a class-action lawsuit filed by employees who claimed their meal and rest breaks were regularly cut. Wal-Mart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

  • NEW YORK, Dec 16- Former Beatles drummer Ringo Starr, the late rocker Lou Reed, punk group Green Day and singer Bill Withers are among the 2015 inductees named on Tuesday to the Rock and Roll Hall of Fame. The Paul Butterfield Blues Band, rockers Joan Jett& The Blackhearts, rhythm and blues band the "5" Royales and the late blues guitarist Stevie Ray Vaughan and Double...

  • INTERVIEW- Barney Frank on practically everything Tuesday, 16 Dec 2014 | 10:39 AM ET

    Dec 16- Long a legislative lion for Democrats, Barney Frank retired from Congress two years ago. In Congress, he was the controversial Democratic leader on the House Financial Services Committee and was a co-sponsor of the eponymous 2010 Dodd-Frank act, which brought sweeping reform to the financial industry. REUTERS: What do you make of Congress last weekend...

  • LONDON, Dec 16- Fund managers increased their bets on European equities this month on growing expectations that the European Central Bank will step up its asset-buying program to pump fresh money into the stagnant economy, a survey showed. The monthly poll of investors by Bank of America Merrill Lynch, which surveyed 214 money managers controlling more than...

  • Resurgent BT comes back to haunt old rival Vodafone Tuesday, 16 Dec 2014 | 10:30 AM ET

    LONDON, Dec 16- BT's move to buy mobile operator EE is expected to put the former state-owned telecoms giant back in pole position as fixed line and mobile services converge, forcing rivals such as Vodafone to make costly moves of their own to keep up. The EE move also revives BT's rivalry with Vodafone which dates back to when they were the two biggest names in...

  • MOSCOW, Dec 16- The rouble plunged more than 11 percent against the dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike. It has now fallen close to 20 percent this week, taking its losses this year against the dollar to more than 50 percent and...

  • *Benchmark yields hit 2- month low with U.S. oil below $54. NEW YORK, Dec 15- The collapsing oil market spurred a fresh wave of safe-haven bids for U.S. government debt on Tuesday, sending the 30- year yield to its lowest in more two years as investors worried about how the plunge in crude prices might harm the global economy. With U.S. oil futures falling below $54 a...

  • Chrysler renames itself as FCA US Tuesday, 16 Dec 2014 | 10:17 AM ET

    Dec 16- U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles NV. Earlier this year Fiat completed its purchase of all outstanding Chrysler shares, and listed the company on the New York Stock Exchange in October. FCA US employs more than 77,000...

  • VeriFone tops Street 4Q forecasts Tuesday, 16 Dec 2014 | 10:15 AM ET
    Attendees visit the Verifone Systems booth during the Money 20/20 conference in Las Vegas, Wednesday, Nov. 5, 2014.

    VeriFone reported earnings of $31.1 million. For the current quarter ending in January, VeriFone expects its per-share earnings to be 40 cents.