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  • Dec 22- ConAgra Foods Inc reported lower-than-expected revenue for the third straight quarter due to weak sales in its consumer foods business, which includes Chef Boyardee pasta and Healthy Choice frozen dinners. Net income attributable to the company rose to $154.9 million, or 35 cents per share, in the quarter ended Nov. 29 from $10 million, or 2 cents per share,...

  • MOSCOW, Dec 22- Armenia's central bank said on Tuesday it had decided to lower its key refinancing rate to 8.75 percent from 9.75 percent. Annual inflation in the South Caucasus country was at 1.2 percent in November, down from 1.9 percent in October, according to central bank data. The government forecasts annual inflation in a range of 2.5-5.5 percent in 2015,...

  • LONDON, Dec 22- Commodity indices have proved disastrous investments for pension funds and other institutions in the last decade and disappointed again in 2015.. Back in 2005, Gary Gorton and Geert Rouwenhorst published a paper on "Facts and Fantasies about Commodity Futures" which helped popularize commodities as a new "asset class" for institutional...

  • Dec 22- U.S. auto parts supplier LKQ Corp said it would buy Italy's Rhiag-Inter Auto Parts Italia SpA in a deal valued at 1.04 billion euros on an enterprise basis to expand in Europe. Rhiag, owned by private equity firm Apax Partners LLP, has operations in Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain.

  • Dec 22- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, forecast adjusted earnings for 2016 well above analysts' estimates. Shares of Express Scripts, which manages drug benefits for employers and health plans and also runs large mail-order pharmacies, were up 1 percent in light premarket trading. The company has become a vocal critic of...

  • Dec 22- ConAgra Foods Inc, the maker of Chef Boyardee pasta and Healthy Choice dinners, reported lower-than-expected revenue for the third straight quarter, hurt by weak sales in its consumer foods business, which includes frozen dinners and pasta. Net income attributable to ConAgra rose to $154.9 million, or 35 cents per share, in the second quarter ended Nov. 29...

  • LONDON, Dec 22- U.S. soybean prices rose on Tuesday, boosted by patchy rainfall in parts of major exporter Brazil, while wheat also edged up on concerns that a forecast cold snap in the Black Sea region next week could diminish crop prospects. Chicago Board of Trade January soybeans rose 0.3 percent to $8.93-1/ 4 a bushel by 1218 GMT. Brazil's 2015/ 16 soybean crop...

  • Dec 22- Drugmaker pSivida Corp said its lead experimental therapy prevented inflammation in the back of patients' eyes in a late-stage study. The company's shares were up 27 percent at $4.70 in premarket trading on Tuesday. PSivida plans to conduct a second late-stage study on Medidur.

  • *Tin gains as China imports rise 21 percent so far this year. LONDON, Dec 22- Copper fell on Tuesday as traders were reluctant to try to push the metal above Monday's five-week peak given slowing growth in China, though losses were limited by signs of shrinking supply and as China pledged new policy support for 2016.. China are talking about cutting production, the...

  • ISTANBUL, Dec 22- Turkey's central bank left its main one-week repo interest rate unchanged at 7.5 percent on Tuesday, a surprise move likely to heighten concern about threats to its independence and heap more pressure on a struggling lira currency. Analysts and investors have repeatedly called for a rate hike to rein in inflation and put a floor under the lira,...

  • *China lets policy banks, commercial lenders issue green bonds. BEIJING, Dec 22- China's central bank on Tuesday published rules on issuing green bonds by policy banks, commercial banks and other financial institutions, a step towards addressing environmental problems. China would offer policy support, including relending and interest subsidies, to help...

  • Dec 22- Auto parts supplier LKQ Corp said it agreed to buy the holding company of Italy's Rhiag-Inter Auto Parts Italia SpA in a deal valued at 1.04 billion euros on an enterprise basis.

  • Dec 22- Drugmaker pSivida Corp said its experimental eye drug prevented inflammation in the back of patients' eyes in a late-stage study. The drugmaker said only 18.4 percent of the patients given the treatment Medidur had the condition, posterior uveitis, return, compared with 78.6 percent patients who were given placebo. The company's shares were up 32.4...

  • Dec 22- Express Scripts Holding Co, the largest U.S. pharmacy benefit manager, said it expected 2016 adjusted earnings of $6.08- $6.28 per share, an increase of 10-14 percent from the company's reaffirmed guidance for 2015.. Analysts were expecting full-year adjusted earnings of $6.04 per share, according to Thomson Reuters I/B/E/S. Express Scripts manages...

  • Dec 22- U.S. stock index futures were little changed on Tuesday, ahead of third-quarter GDP data, even as crude oil prices edged up from multi-year lows. *The U.S. Commerce Department is expected to trim third-quarter GDP growth to an annual rate of 1.9 percent from 2.1 percent reported last month. The data is due at 8:30 a.m. ET.

  • NEW YORK, Dec 22- Nestle SA said on Tuesday it will stop using eggs laid by caged hens in its U.S. products by 2020, making it the largest packaged food company to go cage-free amid pressure from consumers and animal-rights groups. The decision comes at a time when the food industry is under pressure from groups including the Humane Society of the United States,...

  • *Markets edgy after Spain's split vote. LONDON, Dec 22- Euro zone bond yields crept higher on Tuesday as the European Central Bank put a temporary halt to its asset purchase programme over the Christmas break. The pause in the 1.5 trillion euro scheme, set to last until Jan. 4, removes a pillar of support for investors at a time when liquidity is low and inconclusive...

  • Dec 22- U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.

  • *USG People surges after Japanese takeover offer. LONDON/ MILAN, Dec 22- European shares edged higher on Tuesday, helped by firmer energy stocks and takeover activity, recovering some ground following a pullback in the previous session prompted by worries over a post-election political stalemate in Spain. "Companies must deliver on the earnings front, the Greek...

  • MUMBAI/ LONDON, Dec 22- Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, the two firms said in a statement on Tuesday. "This is an extremely critical time for the whole industry, and we have been working hard to explore all options that could provide a future for the Long Products Europe business," said Karl Koehler,...