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  • RadioShack quarterly sales drop 16 pct Thursday, 11 Dec 2014 | 7:12 AM ET

    Dec 11- Struggling electronics retailer RadioShack Corp reported a 16 percent drop in quarterly sales and said it was undertaking cost-cutting actions to boost earnings by over $400 million annually. Net loss widened to $161.1 million, or $1.58 per share in the third quarter ended Nov. 1, from $135.9 million, or $1.35 per share, a year earlier.

  • *SNB keeps cap, target rate for LIBOR on hold. BERNE, Dec 11- The Swiss National Bank restated its resolve on Thursday to stop the franc strengthening against the euro, a policy that may be tested early next year if the ECB takes further measures to stimulate the euro zone economy. Expectations the European Central Bank will launch a quantitative easing program are...

  • SHANGHAI, Dec 11- Sony Corp should fear China's censors almost as much as rival Microsoft Corp when it launches its PlayStation 4 gaming console in the world's third-largest gaming market next month. Sony said on Thursday that PlayStation 4 will go on sale in China from January 11. Sony plans to sell PlayStation 4 in China for 2,899 yuan, slightly higher than in the...

  • Greek shares extend losses on political worries Thursday, 11 Dec 2014 | 7:04 AM ET

    PARIS, Dec 11- Greek shares resumed their sell-off on Thursday, with Athens's ATG benchmark index dropping 4 percent, hurt by worries over the country's political situation. Investors have been rattled by a decision by the Greek government to bring forward to next week a presidential vote that will force nearly two dozen independent lawmakers to decide...

  • Dec 11- The head of Dubai- based airline Emirates has reacted angrily to a suggestion by Airbus that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 instead. Tim Clark, president of Emirates, said he had protested to Airbus after its finance director aired the...

  • LONDON, Dec 11- GAVI, the global vaccines alliance, said on Thursday it was committing up to $300 million to buy Ebola vaccines and was ready to begin procurement as soon as the World Health Organization recommends one for use. Clinical trials with experimental shots are now underway as experts race to contain an epidemic that has killed more than 6,000 people in...

  • NEW DELHI, Dec 11- An Indian court sent the Uber taxi driver accused of raping a young passenger to judicial custody for two weeks after the attack in New Delhi led the government to request a nationwide ban on the popular U.S. online cab company. Judge Ravindra Kumar Pandey on Wednesday ordered the accused Shiv Kumar Yadav, 32, to be kept in Delhi's Tihar jail until...

  • BERLIN, Dec 11- The German government has approved a draft law to limit the power of small labour unions whose strikes have paralysed train and air traffic in recent months, by making a wage deal with the largest union in a company applicable to all employees. "We are reinforcing the majority principle," said Labour Minister Andrea Nahles, after Chancellor Angela...

  • *Low oil price, weak growth in Europe hurts outlook. OSLO, Dec 11- Norway's central bank unexpectedly cut interest rates on Thursday and said it could ease policy further because lower oil prices are hurting the economy's growth prospects. The bank lowered its benchmark rate by 25 basis points to 1.25 percent, its lowest since 2009, saying Norway's growth outlook...

  • BEIJING, Dec 11- China's monetary policy will not be too tight or too loose next year as authorities try to sustain a reasonable pace of growth in the economy, which faces considerable headwinds, state media cited the government as saying on Thursday. Investment will remain a key driver of growth as authorities ensure that exports, consumption and investment-...

  • BHP Billiton and other big miners had embarked on a rapid production capacity expansion programme, banking on sustained demand growth in top buyer China. But though imports into China have surged, prices have fallen by nearly half to under $70 a tonne, with Chinese steel output growth slowing to around 3 percent. With iron ore prices at five-year lows, the big...

  • Euro zone shares halt slide on ECB stimulus hopes Thursday, 11 Dec 2014 | 6:24 AM ET

    *Euro STOXX 50 up 0.2 pct, FTSEurofirst 300 down 0.3 pct. *Airbus sags; worries on demand for fuel-efficient aircrafts. LONDON 1/ 4 PARIS, Dec 11- Euro zone shares halted a three-day losing streak on Thursday as expectations for further monetary stimulus were underpinned by low take-up for the European Central Bank's latest round of cheap loans.

  • MOSCOW, Dec 11- Russia's Finance Ministry may take some money from its National Wealth Fund to put in banks' deposits in January, Deputy Finance Minister Alexei Moiseev was quoted as saying by RIA news agency on Thursday. The state is planning to use some of the NWF to support firms hit by sanctions over the Ukraine crisis and will channel funds via banks in the first...

  • NEW DELHI, Dec 11- Indian Prime Minister Narendra Modi told President Vladimir Putin on Thursday that Russia will remain India's top defense supplier, even though New Delhi's options had improved since the end of the Cold War. In the most significant ones, state-owned Rosatom will build 12 nuclear reactors in India, energy major Rosneft inked a 10- year crude...

  • Sony PlayStation 4 China sales to begin Jan. 11 Thursday, 11 Dec 2014 | 6:03 AM ET

    SHANGHAI, Dec 11- Sony Corp will sell its PlayStation 4 in China for 2,899 yuan starting from Jan. 11, a company executive said on Thursday. This marks PlayStation's official entry into China, the world's third-largest gaming market, after Beijing lifted a 14- year ban on foreign gaming consoles earlier this year. Microsoft Corp launched its Xbox in China in...

  • LONDON, Dec 11- GAVI, the global vaccines alliance, has committed up to $300 million to buy Ebola vaccines and is ready to begin procurement as soon as the World Health Organisation recommends one for use, the alliance said on Thursday. Up to an additional $90 million could also be used to support countries to introduce the vaccines and to rebuild their health...

  • *Coming up: U.S. Weekly jobless claims, retail sales. LONDON, Dec 11- Gold fell on Thursday, retreating further from the previous session's seven-week high as the dollar and European shares firmed, dulling gold's appeal as an alternative investment. Gold was still on track for a 2.6 percent weekly gain so far, the biggest since mid-Oct, as it benefitted from a pullback...

  • *Result comes as inflation in France turns negative. FRANKFURT, Dec 11- The European Central Bank got a lukewarm response from banks on Thursday in its fight to revitalize the sluggish euro zone economy, adding pressure on policymakers to start printing money next year to buy sovereign bonds. Banks borrowed almost 130 billion euros of four-year loans from the...

  • MOSCOW, Dec 11- Russia's central bank raised its main lending rate by 100 basis points to 10.5 percent on Thursday, in line with analysts' expectations, citing an increase in inflation and rising expectations that the rouble would weaken. The bank also predicted lower economic growth in the next three years than previously forecast and said it would continue to...

  • RUSSIAN FINANCE MINISTRY SAYS COULD PUT MONEY FROM NATIONAL WEALTH FUND INTO BANKS' DEPOSITS IN JAN, TO CHOOSE BANKS BY END-2014- RIA NEWS AGENCY.