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  • ADDIS ABABA, Dec 11- Swedish telecom group Ericsson is set to sign a contract with Ethiopia to expand telecom infrastructure, taking a slice of an $800 million contract from Chinese firm ZTE Corp because of a row over terms, a senior official told Reuters on Thursday. ZTE Corp's deal with state-run operator Ethio Telecom was signed in 2013. The other half of the...

  • *Indonesia Nov refined tin shipments fall to 8- yr low. KUALA LUMPUR/ LONDON, Dec 11- Aluminium touched an eight-week low and most other base metals also fell on Thursday on concerns about global growth after Chinese officials warned that the economy of the top metals consumer was vulnerable to more weakness. "I think the macro outlook is dire in a general sense, so...

  • *Indonesia Nov refined tin shipments fall to 8- yr low. KUALA LUMPUR/ LONDON, Dec 11- Aluminum touched an eight-week low and most other base metals also fell on Thursday on concerns about global growth after Chinese officials warned that the economy of the top metals consumer was vulnerable to more weakness. "I think the macro outlook is dire in a general sense, so...

  • MUMBAI, Dec 11- An Indian court has ordered Xiaomi Technology Co Ltd to temporarily stop selling its smartphones in India in a case related to patent infringements that telecom equipment maker Ericsson had filed against the Chinese company. Xiaomi, whose low-priced but feature-rich smartphones have made it the biggest smartphone vendor in China, sells its...

  • WASHINGTON, Dec 11- U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy. The Commerce Department said on Thursday retail sales excluding automobiles, gasoline, building materials and food services, increased 0.6 percent...

  • U.S. import prices post largest drop in 2-1/2 years Thursday, 11 Dec 2014 | 8:32 AM ET

    WASHINGTON, Dec 11- U.S. import prices recorded their biggest decline in nearly 2-1/ 2 years in November as the cost of petroleum products tumbled, suppressing imported inflation pressures. The Labor Department said on Thursday import prices dropped 1.5 percent last month, the largest decline since June 2012, after falling 1.2 percent in September.

  • US TREASURIES YIELDS RISE SLIGHTLY AFTER DATA, 10- YEAR NOTE YIELDS INCREASE TO 2.17 PERCENT.

  • LONDON, Dec 11- The bears are ascendant in the copper market. It's a view apparently borne out by the terms of the copper concentrates supply deal between Freeport McMoRan and Chinese smelters. What looks set to be the "benchmark" for 2015 includes a treatment charge of $107 per tonne and a refining charge of 10.7 cents per lb.

  • *BoE to publish minutes, Inflation Reports with rate decisions. LONDON, Dec 11- The Bank of England will provide instant information about its interest rate discussions and plans to hold fewer policy meetings under the latest set of changes put forward by Governor Mark Carney. The change would come into effect in August 2015.

  • Dec 11- Struggling electronics retailer RadioShack Corp said it expected its cost cutting to save more than $400 million annually but did not say when that would be achieved. RadioShack, which warned of bankruptcy in September, has been trying to turn around its business by closing unprofitable stores. Lenders refused to approve the 1,100 store closures...

  • TEL AVIV, Dec 11- Teva Pharmaceutical Industries forecast 2015 revenue below analysts' expectations, due to adverse foreign exchange moves and generic competition for its best-selling multiple sclerosis treatment Copaxone. There are two teams developing cheaper generic forms of Copaxone: one involving Novartis AG's Sandoz Inc and Momenta...

  • MOSCOW, Dec 11- The governor of Russia's central bank Elvira Nabiullina said on Thursday the bank was ready to be flexible and use non-standard measures to preserve financial stability. Speaking after the central bank raised rates by 100 basis points to curb inflation and halt a sharp slide in the rouble, Nabiullina told a news conference that Russia could see...

  • *Brent crude inches above $65 a barrel. *Starboard Value takes stakes in Office Depot, Staples. *Brent crude managed to climb back above the $65 mark but remained near five-year lows while U.S. crude rose 1.1 percent to $61.60.

  • *India ONGC may get stake in Russia's far east LNG project. NEW DELHI, Dec 11- Russia's top oil producer Rosneft struck oil and gas deals with India on Thursday, seeking to strengthen ties with Asia and diversify its exports away from Europe, under pressure from Western sanctions. During President Vladimir Putin's one-day visit to the Soviet-era ally, Rosneft...

  • *Result comes as inflation in France turns negative. FRANKFURT, Dec 11- The European Central Bank's second offering of almost zero-cost loans to banks drew only tepid interest on Thursday, underlining fragile confidence in the euro zone economy and making ECB money-printing appear all but inevitable. The low take-up in part highlights a darkening mood among...

  • NEW YORK, Dec 11- Increased regulation stemming from the global credit crisis need not stifle the financial innovation needed to help push economic growth forward, the head of the Bank of Canada said on Thursday. In prepared remarks for a speech he was giving in New York, the central bank's Governor Stephen Poloz urged the financial industry to find a balance...

  • KIEV, Dec 11- Ukraine risks defaulting on its debt unless Western donors come up with more funds on top of the billions of dollars of financial aid already promised, Prime Minister Arseny Yatseniuk said on Thursday. Parliament on Thursday approved the new government's economic program of tough reforms aimed at securing the $27 billion so far promised by...

  • NABIULLINA SAYS BANK WILLING TO SPEND AROUND $85 BLN IN INTERVENTIONS NEXT YEAR IF OIL FALLS TO $60 A BARREL.

  • NABIULLINA SAYS EXPECTS INFLATION AT END OF 2015 AT AROUND 8 PERCENT.