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*Merkel seeks allies in northern Europe, even Britain. PARIS, Dec 10- A chill has settled over the Rhine seven months after the election of Socialist French President Francois Hollande, reshuffling the cards in Europe's perpetual power game.
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NEW YORK, Dec 10- Bank of England Governor Mervyn King on Monday said he was concerned that countries will increasingly resort to "actively managed exchange rates" next year, in place of domestic monetary policies, if the global economy remains unbalanced.
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LONDON/ SAN FRANCISCO, Dec 10- British TV decoder maker Pace Plc said on Monday that it had made an early-stage proposal to Internet group Google Inc to acquire its set-top TV box maker Motorola Home.
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By Marcy Nicholson and Nigel Hunt. NEW YORK/ LONDON, Dec 10- Raw sugar and arabica coffee futures on ICE closed at the lowest level in roughly 2-1/ 2 years on Monday, after reports from top producer Brazil emphasized plentiful supplies for both markets.
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Dec 10- Germany's ThyssenKrupp AG posted an unexpectedly large annual loss as it wrote down the value of its steel mills in the United States and Brazil and said it would pay no dividend for its last fiscal year. The loss jumped to 4.7 billion euros after minorities from 1.3 billion a year earlier, well above consensus of 985 million euros in a Reuters poll.
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*Doubts on whether Italy will continue economic reforms. Treasury debt prices were little changed on Monday as worries about budget squabbles in Washington were offset by investors pushing for price concessions ahead of $66 billion in debt sales this week.
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January crude fell 37 cents, or 0.43 percent, to settle at $85.56 a barrel, having traded from $85.33 to $86.78.
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WASHINGTON, Dec 10- Standard Chartered Plc agreed to pay $327 million to U.S. authorities to resolve allegations that it violated U.S. sanctions laws, capping months of legal headaches for the British bank. The fine was on top of a separate payment of $340 million made in August by Standard Chartered to New York's state banking regulator over Iranian sanctions.
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*ISO grants Entergy request to exit power auctions. Dec 10- Entergy Corp's Vermont Yankee nuclear power plant is no longer needed to maintain power reliability in New England because local electric companies have bolstered the region's transmission infrastructure, the region's power grid said.
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Dec 10- U.S. health regulators on Monday expanded the approval of Johnson& Johnson's drug Zytiga for advanced prostate cancer to allow its use prior to treatment with chemotherapy.
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CHICAGO, Dec 10- Russia is one of the 10 biggest buyers of U.S. meat, accounting for $500 million a year in trade that has been endangered this month after Moscow has asked that the beef and pork be tested for traces of the feed additive ractopamine that is banned in some countries.
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CALGARY, Alberta, Dec 10- Nexen Inc's chief executive said on Monday that the $15.1 billion acquisition of the Canadian oil producer by China's CNOOC Ltd was not yet wrapped up despite the Canadian government's approval last week.
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*Traders adjusting positions ahead of monthly USDA data. *Soybeans lower but trade choppy ahead of USDA report. March corn was down 8-1/ 2 cents at $7.28- 3/ 4 a bushel and January soybeans were down 4 cents at $14.68- 1/ 4 a bushel.
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*Rothschild seeks to counter Bakrie plan to unwind Bumi. LONDON, Dec 10- Financier Nat Rothschild said he had secured the support of 11 investors including Abu Dhabi, Schroders and Standard Life as he seeks to counter efforts by his former partners in Bumi to dismantle the coal mining venture.
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Google confirmed that "service disruptions" had affected GMail and Google Drive, its online storage service. By 10:10 a.m. Pacific Time, Google's Apps Dashboard monitoring service reported that GMail and Drive service had resumed. "We are currently experiencing an issue with some Google services," Google spokeswoman Andrea Freund said in a statement. "
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Dec 10- McDonald's Corp's sales at established restaurants rose more than expected in November as a renewed emphasis on low-priced menu options, such as $1 Sausage McMuffins and coffee, helped the company bounce back from a rare decline in October, it said on Monday.
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*White House says Obama believes deal can be reached. WASHINGTON, Dec 10- The White House and House of Representatives Speaker John Boehner's office held more negotiations on Monday on ways to break the "fiscal cliff" stalemate, but Republicans said they were still seeking a new offer from President Barack Obama.
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Dec 10- U.S. health regulators on Monday expanded the approval of Johnson& Johnson's drug Zytiga for advanced prostate cancer to allow its use prior to treatment with chemotherapy.
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*McDonald's shares rise on November sales. NEW YORK, Dec 10- U.S. stocks advanced slightly on Monday, helped by gains in McDonald's after the fast-food giant posted strong sales results, and a move up in technology shares.
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BRUSSELS, Dec 10- A system that made patent registration up to 600 times more expensive in Europe than in China is being scrapped in favour of a one-size-fits-all pan-European process, EU officials said on Monday.