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  • LONDON, Dec 10- Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, on mounting signs of oversupply and lacklustre demand as global economic growth falters. The price of the North Sea oil benchmark has fallen more than 40 percent since June as new supplies of high-quality crude from North America have fed a glut of fuel in many parts...

  • *Political uncertainty in Greece weighs on euro. LONDON, Dec 10- The euro fell broadly on Wednesday amid growing concerns over the political situation in Greece that could increase the chances of monetary policy easing early next year by the European Central Bank. The Greek government has brought forward to next week a presidential vote that will force nearly...

  • KFC calls on Chinese diners to inspect its kitchen Wednesday, 10 Dec 2014 | 3:59 AM ET

    SHANGHAI, Dec 10- KFC has a message for Chinese diners worried about eating their fried chicken after a safety scare at the fast food chain: come see how we operate for yourself. China is the biggest market by sales for KFC's parent Yum Brands Inc, but sales have slowed since July after a television report alleged that workers at a Yum supplier were adding expired...

  • BP to spend $1 bln on restructuring Wednesday, 10 Dec 2014 | 3:59 AM ET

    LONDON, Dec 10- Oil major BP said on Wednesday it would spend $1 billion on group-wide restructuring in the coming year as it laid out its long-term plans for its upstream oil and gas business. The British company said as part of its programme to simplify across its upstream and downstream activities and corporate functions, it expected to incur the charges over...

  • *Bankruptcy protection petition will preserve cash- Eneva. SAO PAULO/ FRANKFURT, Dec 10- Eneva SA, the Brazilian power producer controlled by Germany's E.ON SE and Eike Batista, filed for creditor protection late on Tuesday, becoming the latest company founded by the tycoon to seek bankruptcy protection. E.ON gained control of Eneva, formerly MPX Energia SA, last...

  • Costco profit rises 17 percent Wednesday, 10 Dec 2014 | 3:19 AM ET

    Dec 10- Costco Wholesale Corp reported a 17 percent rise in quarterly profit, helped by higher promotions that boosted sales. Costco's net income rose to $496 million, or $1.12 per share, for the first quarter ended Nov. 24, from $425 million, or 96 cents per share a year earlier. Net sales rose 7 percent to $26.28 billion.

  • LONDON, Dec 9- Pressure is building on Russia's central bank to support the rouble via a big rise in interest rates at this week's policy meeting, as money markets price in sharply higher funding costs in the coming months. "There is intense market pressure on the central bank to hike rates this week and any shortfall will lead to significant volatility across...

  • *Skymark in talks with four funds on capital injection. *Skymark is also talking to JAL on code-sharing. Skymark, which began code-sharing talks with Japan's second-largest carrier Japan Airlines Co Ltd last month, will also hold similar talks with their bigger rival ANA.

  • Ashtead, TUI help European shares stage small bounce Wednesday, 10 Dec 2014 | 3:16 AM ET

    LONDON, Dec 10- European equity indexes staged a modest rebound on Wednesday, helped by strong outlook updates from firms including industrial equipment hire company Ashtead and travel group TUI AG. Britain's Ashtead rallied 6.7 percent after raising its full-year earnings guidance and posting a 33 percent rise in first-half profit. TUI was up 2 percent...

  • Hong Kong shares edge up after rebound on China markets Wednesday, 10 Dec 2014 | 3:13 AM ET

    HONG KONG, Dec 10- Hong Kong shares finished slightly higher on Wednesday, erasing morning losses, following a rebound on mainland markets from the previous day's plunge. "Overall the Chinese banking and insurance sector in Hong Kong did not have much momentum to rebound after the fierce drop," said Castor Pang, head of research at Core Pacific-Yamaichi in Hong...

  • MOSCOW, Dec 10- The rouble edged lower on Wednesday in early trade, following softer oil prices, but its decline was more gradual than in recent days ahead of a central bank meeting on Thursday at which the market expects decisive action to support the currency. Global oil benchmark Brent fell around 1 percent towards $66 a barrel but remained above a five-year low...

  • *November CPI +1.4 pct y/y, -0.2 pct m/m. BEIJING, Dec 10- China's inflation hit a five-year low in November, stoking expectations that Beijing will move more aggressively to head off the risk of deflation in a slowing economy, which put fresh life into soaring share markets after a reversal on Tuesday. Investors have been calling for China to ease monetary policy...

  • MOSCOW, Dec 10- Russia's central bank said on Wednesday it had conducted $400 million worth of forex market interventions on Dec. 8. This follows $4.53 billion in interventions last week. The Russian currency has been sliding on falling oil prices, an economic slowdown and Western sanctions over the Ukraine crisis that have restricted Russian firms' access to...

  • China stocks rebound, led by banking and property shares Wednesday, 10 Dec 2014 | 2:09 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.7 percent, to 3,221.55, while the Shanghai Composite Index gained 2.9 percent, to 2,940.01 points. Among the most active stocks in Shanghai were Bank of China, up 1.8 percent to 3.39 yuan; China Shipbuilding, up 10.0 percent to 8.46 yuan and CITIC Securities Co, up 2.9 percent to 27.30...

  • Low VAT doesn't always help poor - OECD Wednesday, 10 Dec 2014 | 2:08 AM ET

    PARIS, Dec 10- Lower rates of value added tax do not always benefit the poor, the OECD think tank said on Wednesday in a report urging governments instead to consider means-tested and other direct benefits to boost income equality. The Paris- based Organization for Economic Co-operation and Development found that reduced VAT rates on certain goods and services...

  • *Can prompt drought in Southeast Asia, floods in South America. TOKYO, Dec 10- Japan's weather bureau said on Wednesday that an El Nino weather pattern, which can trigger drought in some parts of the world while causing flooding in others, had emerged during the summer for the first time in five years and was likely to continue into winter. El Nino- a warming of...

  • RUSSIAN CENTRAL BANK SAYS CONDUCTED 21.37 BLN ROUBLES WORTH OF FOREX MARKET INTERVENTIONS ON DEC. 8.

  • *China consumer inflation marks 5- year low. TOKYO, Dec 10- Asian shares, the dollar and oil prices all slumped on Wednesday, pulling back as global growth concerns and political uncertainty in Greece prompted a flight to safety. Britain's FTSE 100 was expected to open 18 to 26 points higher, or as much as 0.3 percent; Germany's DAX was seen opening 69 to 78 points higher,...

  • *Brent falls $1 in intraday trading to low of $65.78 a barrel. *U.S. crude hits intraday low of $68.82 after also falling $1. On Wednesday, Brent's front-month futures contract traded down 64 cents at $66.20 a barrel by 0644 GMT after falling more than a dollar to $65.78, still above a five-year low of $65.29 touched on Tuesday.

  • Dec 10- The Financial Times and Madrid's IE Business School launched a joint venture on Wednesday aimed at corporate executives looking to expand their education. Several business schools across the world including the Yale School of Management and Antai Business School in China are taking part in the corporate learning program. The FT, which is owned by...