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  • *Bank fines in UK set to top 900 mln stg this year. *Barclays worst offender after record 284 mln stg penalty. LONDON, Dec 8- Fines dished out to misbehaving banks in Britain are set to top 900 million pounds this year, bringing a bumper windfall for some charities and further evidence of a shift nearer the U.S. model of severe penalties to deter wrongdoing.

  • Dec 8- A federal appeals court on Tuesday overturned the conviction of a former Jefferies Group Inc trader accused of defrauding investors after the financial crisis by lying about mortgage bond prices. The 2nd U.S. Circuit Court of Appeals in New York said there was a lack of evidence for the jury to find that misstatements made by Jesse Litvak, the former trader,...

  • *Governor tightened policy on taking office in June. NAIROBI, Dec 8- Tighter monetary policy has stabilized the shilling and anchored inflation in the government's preferred band between 2.5 and 7.5 percent despite a November spike to the top of the range caused by heavy rains, the central bank governor said on Tuesday. Patrick Njoroge also told Reuters that...

  • Dec 8- Wall Street opened lower on Tuesday as weak China trade data and a further slide in oil prices dragged down shares of energy companies and miners.

  • *Wall Street expected to open more than 1 pct lower. LONDON, Dec 8- Global markets were rocked for a second day on Tuesday, as oil prices fell to their lowest since 2009 and huge declines in by energy and mining shares left the world's main stock indexes staring at heavy losses. European shares were down 1.6 percent at their lowest level since mid October. futures...

  • *Says fund should be allowed to invest in unlisted infrastructure. OSLO, Dec 8- Norway's $850 billion sovereign wealth fund, the world's largest, should be allowed to invest in unlisted infrastructure projects and to put a higher share of its assets in real estate, the Norwegian central bank said on Tuesday. But it should be allowed to invest up to 5 percent of its...

  • The request for consultations with China at the World Trade Organization over a value-added tax of 17 percent on imported planes is the first step in a process that could lead to trade sanctions. Trade Representative said the tax was generally imposed on planes under 25 metric tonnes coming from overseas, while locally made planes such as state planemaker...

  • Air France tweeted that its Flight 83 from San Francisco was back enroute to Paris after a brief stop in Montreal where a "full security search" confirmed a "false alert" following an anonymous threat.

  • ZURICH/ HONG KONG Dec 8- The gold and diamonds of Cartier jewellery are so popular with women that the brand founded in Paris in 1847 is finding it difficult to market watches to men. Like other high-end watchmakers Cartier is suffering from a drop in demand in big markets such as Hong Kong, mainland China, Russia and the United States. But some of Cartier's problems...

  • TORONTO, Dec 8- Canadian housing starts rose unexpectedly in November and building permits surged in October, fueling Canada's prolonged housing boom even as the nation's weak economy contributed to underlying softness in some regions, reports showed on Tuesday. The Bank of Canada has cut rates twice this year to help bolster the economy against slumping oil...

  • SAO PAULO, Dec 8- Brazil canceled an auction to lease a port terminal area in the northern state of Para due to lack of interest but will auction three other areas in its largest port of Santos on Wednesday, a spokesman for the port secretariat said on Tuesday. The government, facing its worst recession in 25 years, is counting on private investment to upgrade its...

  • LONDON, Dec 8- From the Swiss franc's record rise in January to the near certainty of a historic U.S. interest rate hike in December, 2015 was a far more volatile year for financial markets than most predicted 12 months ago. Bond yields across Europe plunged well below zero, the Dow Jones fell 1,000 points in one day in August and turmoil in Chinese stocks turned a...

  • NEW YORK/ LONDON, Dec 8- Oil derivative traders are preparing for crude prices to fall further in the coming months, but few expect Goldman Sachs' worst-case scenario of a drop to $20 a barrel to happen any time soon. The options market indicates investors are braced for U.S. crude prices to drop to around $35 in the first half of 2016, but most do not expect a steeper...

  • LONDON, Dec 8- The college gardens and leafy parks of Cambridge may seem a world away from the smog-choked streets of Beijing, but one company in the English university town is hoping that will be a selling point. In a reverse of the more traditional pattern of East-West trade, Cambridge Mask Company is making pollution masks in Britain and selling them to China,...

  • Dec 8- Yahoo Inc may make big changes to its media unit, restructuring and consolidating it, including making cuts and shuttering some efforts, tech news site Re/code said. The changes could be announced inside Yahoo this week, part of a series of recommendations by consulting company McKinsey& Co, Re/code said, citing sources close to the situation.

  • Dec 8- Wall Street looked set to open lower on Tuesday as weak trade data out of China reignited fears of a global economic slowdown and oil prices continued to slide. Oil majors Exxon and Chevron were down about 2 percent in premarket trading, while miner Freeport McMoRan fell 3.2 percent. "The fall in oil prices suggests weak demand globally and has worried...

  • *China trade stays subdued in November. LONDON, Dec 8- Copper prices held steady on Tuesday as weak trade data from China fuelled worries about demand growth was offset by higher imports of the metal by the world's top consumer helped limit losses. "The latest trade data is disappointing as far as exports and imports are concerned, it's another weak growth signal...

  • Dec 8- Digital media company AOL has laid off around 100 employees, mainly in its dial-up business, as it looks to eliminate overlap with parent Verizon Communcations Inc, Techcrunch.com reported on Tuesday. Caroline Campbell, an AOL spokeswoman, confirmed to Reuters that the company was re-aligning and a portion of its workforce has been impacted.

  • PARIS/ SINGAPORE, Dec 8- U.S. soybeans extended losses on Tuesday to touch a one-week low, as expectations of increased supply from Argentina and adjustments ahead of a U.S. crop report offset Chinese demand. Wheat was little changed as prices remained capped by tepid demand for U.S. supplies as well as improving crop conditions in the United States and the Black...

  • *Engie to invest 130 mln euros in energy startup companies. *Engie staff encouraged to try out ideas outside company. A business built on cutting power demand is not a natural investment for a utility, but France's Engie, through its venture capital fund Engie New Ventures, this year bought a minority stake in KiWi.