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  • African insurers in vogue as incomes rise Sunday, 7 Dec 2014 | 4:00 AM ET

    Rapid economic growth in countries such as Ghana, Kenya and Nigeria has increased the number of people with money to spend on insurance to protect their wealth, while regulatory changes are encouraging the growth of domestic savings and pensions. Several major companies, including Swiss Re, Prudential and Sanlam, are buying insurers in Africa, with the focus on...

  • *China releases host of data, to show speed of slowdown. BRUSSELS, Dec 7- The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe's malaise. "The key story is going to be in the euro zone," said James Knightley,...

  • Nov 5- South African financial services advisory firm Alexander Forbes says it is considering potential buys in countries including Ghana and Tanzania. Oct 8- South African insurer Liberty Holdings says it is in final stages of buying an asset manager in Ghana and is also looking to Ethiopia, Rwanda and Nigeria for potential deals. Oct 2- South African insurer...

  • JERUSALEM, Dec 7- China's dominant search engine Baidu Inc has made its first venture into Israel's booming start-up sector, investing $3 million in video capture firm Pixellot. Pixellot developed a system of unmanned cameras that it says can cover the entire field or court at a sporting event and automate video production for both professional broadcasters...

  • BERLIN, Dec 7- German Chancellor Angela Merkel said in a newspaper interview on Sunday that both France and Italy needed to do more on the reform front to ensure that their 2015 budgets respected European Union fiscal rules. Unless further steps are taken by the new deadline, the Commission could fine France for falling short of its deficit-cutting obligations...

  • Five ex-Madoff aides face up to 20 years in prison Sunday, 7 Dec 2014 | 1:00 AM ET

    NEW YORK, Dec 7- Five former employees of Bernard Madoff, convicted in March of helping the fund manager bilk investors of billions of dollars in his massive Ponzi scheme, will be sentenced this week, with prosecutors seeking prison terms of up to 20 years. First up on Monday is former back office director Daniel Bonventre, followed in the coming days by portfolio...

  • Ukraine ceasefire may take hold soon Saturday, 6 Dec 2014 | 11:30 PM ET

    French President Hollande said after an impromptu visit to Russia for crisis talks on Saturday that a ceasefire could take hold in Ukraine soon.

  • SYDNEY, Dec 7- Australia's major banks should set aside more capital to ensure they can survive a repeat of the global financial crisis, a government-backed review recommended on Sunday, a measure that may rein in the banks' hefty dividend payouts. The 348- page report chaired by David Murray rejected banks' concerns and argued that Australia's financial system...

  • *Brought up among China's elite in Beijing army compound. SHENZHEN, China, Dec 7- When local officials warned striking shoe factory workers in China's Pearl River Delta this summer that they were breaking the law, a slight, bespectacled figure barely 5 feet 5 inches tall faced them down. While striking workers and those helping them have often been harassed,...

  • LOS ANGELES/ BOSTON, Dec 6- Forensics experts hired by Sony Corp to investigate the massive cyber attack at its Hollywood studio said the breach was unprecedented, well-planned and carried out by an "organized group," according to an email obtained by Reuters on Saturday. Kevin Mandia, the top executive at FireEye Inc's Mandiant forensics unit, made the comments in...

  • LOS ANGELES/ BOSTON, Dec 6- Forensics experts hired by Sony Corp to investigate the massive cyber attack at its Hollywood studio said the breach was unprecedented, well-planned and carried out by an "organized group," according to an email obtained by Reuters on Saturday. Kevin Mandia, the top executive at FireEye Inc's Mandiant forensics unit, made the comments in...

  • SONY CYBERATTACK WAS' AN UNPARALLELED AND WELL-PLANNED CRIME CARRIED OUT BY AN ORGANIZED GROUP,' INVESTIGATOR MANDIANT SAYS IN LETTER OBTAINED BY REUTERS.

  • MANDIANT LETTER SAYS SONY ATTACK WAS' UNPRECEDENTED IN NATURE,' USED MALWARE THAT COULD NOT BE DETECTED BY ANTI-VIRUS SOFTWARE.

  • SYDNEY, Dec 7- Australia's major banks should set aside more capital to ensure they can survive a repeat of the global financial crisis, a government-backed review recommended on Sunday, a measure that may rein in the banks' hefty dividend payouts. "Although no system can ever be bulletproof, Australia should aim to cultivate financial institutions with the...

  • SYDNEY, Dec 7- Australia's financial system is susceptible to shocks in the economy, a government-backed review on Sunday said, recommending measures including raising capital levels for banks to make them stronger and more resilient. The review, headed by former head Commonwealth Bank of Australia's also recommended introducing a leverage ratio for banks...

  • As part of a report to be issued on Monday, the American Bankruptcy Institute's Commission to Study the Reform of Chapter 11 recommended eliminating a rule that at least one impaired creditor class must vote to accept a company's bankruptcy exit plan for the plan to be eligible for court approval. The rule allows savvy investors to block restructuring efforts...

  • Dec 6- Merck& Co Inc's drug that harnesses the immune system to fight cancer showed promise in Hodgkin lymphoma patients whose disease had progressed following prior therapies, according to data from a small, early stage trial being presented at a medical meeting. Craig Moskowitz, the study's principal investigator from Memorial Sloan Kettering Cancer...

  • Dec 6- Eighty-seven percent of Hodgkin lymphoma patients responded to a Bristol-Myers Squibb drug that helps the immune system fight the blood cancer, according to data from a small, early stage trial released on Saturday. Margaret Shipp, co-lead investigator of the Checkmate-039 study from Dana-Farber Cancer Institute in Boston. The results were being...

  • MOSCOW, Dec 6- French President Francois Hollande said after an impromptu visit to Russia for crisis talks with Vladimir Putin on Saturday that a ceasefire could take hold in eastern Ukraine in the next few days. The Russian president, who met Hollande during his stopover at a Moscow airport after a trip to Kazakhstan, said he also hoped agreement would be reached...

  • U.S. holiday shopping discounts deepen, last longer Saturday, 6 Dec 2014 | 10:52 AM ET

    Dec 6- Amarilis Sinchi visited Macy's at a New Jersey mall on Black Friday, but she waited until this week to purchase the red fleece pajamas she had her eye on. The 21- year-old student ended up paying $13 at the department store, down from $30 on Friday, which has traditionally been the best day for deals during the U.S. holiday season. "We're experiencing...