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  • Aging Europe needs the migrants it doesn't want Monday, 1 Dec 2014 | 3:00 AM ET

    PARIS, Dec 1- Europe is aging faster than any other region of the world. The "old continent" may be able to offset the impact of a graying workforce until around 2020 by bringing more women and elderly people into work, encouraging mobility within Europe and making better use of existing migrants, EU and OECD experts say. "If you close the door, you will pay an economic...

  • *U.S. light oil exports to Asia only started 4 months ago. SINGAPORE, Dec 1- U.S. crude exports to Asia are grinding to a halt just four months after they began, in a sign of how an aggressive strategy by Gulf producers to defend their market share is starting to bear fruit. The move shows how the Organization of the Petroleum Exporting Countries, with its influential...

  • MOSCOW, Dec 1- The Russian rouble fell to fresh record lows at opening on Monday, following weakening oil prices and poor manufacturing data from China. Oil fell more than $2 a barrel to a five-year low in Asian trade on Monday, hitting the rouble hard as crude remains Russia's top export. Adding to the rouble's plunge was data showing that manufacturing in China, a...

  • Foreign investment flowing into Shanghai from Hong Kong through the mutual market access pilot programme took up 1.4 billion yuan of the 13 billion yuan daily quota, the lowest since the program launched in mid-November, as Hong Kong investors remained sceptical of the fundamentals behind the mainland rally. Among the most active stocks in Shanghai were...

  • Russian rouble hits fresh record low versus dollar Monday, 1 Dec 2014 | 2:04 AM ET

    MOSCOW, Dec 1- The Russian rouble fell to fresh record lows at opening on Monday, following weakening oil prices and poor manufacturing data from China.

  • *RUSSIAN ROUBLE OPENS 1.3 PCT WEAKER VERSUS DOLLAR Monday, 1 Dec 2014 | 2:00 AM ET
  • TOKYO, Dec 1- Purchases of Japanese government bonds in November by the Bank of Japan for the first time exceeded the amount of debt issued in that month, setting a new milestone that highlights the market distortions created by the BOJ's huge easing programme. Data released by the central bank through November and calculated by Reuters showed that the BOJ...

  • WELLINGTON, Dec 1- U.S. authorities have lost a motion to have cyber fugitive Kim Dotcom remanded in custody in New Zealand before his extradition hearing to face internet piracy charges in the United States. An Auckland court on Monday rejected allegations that Dotcom, the founder of the Megaupload online file storage site, was a flight risk and had broken the...

  • TOKYO, Dec 1- Japan's Nikkei share average rose to a fresh seven-year high on Monday as strong capital expenditure figures lifted sentiment, with airline shares extending gains as oil prices tumbled further. Exporters also gained after the dollar rose to a new seven-year high against the yen. The Nikkei ended 0.8 percent higher at 17,590.10, the highest closing...

  • SYDNEY, Dec 1- Asia's factories appeared to have stepped down a gear last month as a glut of supply met a dearth of global demand, piling pressure on prices of manufactured goods and the commodities used to make them. Slowing inflation acts as an unwanted tightening of policy as it pushes up real interest rates, one reason China and Japan surprised with new stimulus...

  • --Clyde Russell is a Reuters columnist. Iron ore has fallen a dramatic 48 percent this year, with the close on Nov. 28 of $69.80 a tonne only marginally above the $68 reached on Nov. 26, which was the weakest since June 11, 2009. Rio Tinto's shares ended at A $59.10 on Nov. 28, down just 13.3 percent for the year.

  • SHANGHAI/ MEXICO CITY, Dec 1- China plans to tender again for Mexico's $3.75 billion high-speed rail project after the Latin American nation abruptly cancelled its earlier win, one of the firms in a Chinese-led consortium that had bid and a source close to the bid said. Mexico revoked the contract awarded to the consortium made up of China Railway Construction...

  • SHANGHAI, Dec 1- The Shanghai Composite Index lost 0.1 percent, to 2,679.57 when markets resumed trading for the afternoon session, reversing morning gains after weak manufacturing data sapped initial enthusiasm. Chinese markets have closed higher every day for the preceding seven trading days, and rallied strongly again on Monday morning, with banking...

  • *Global weakness, oil slide deepen c.bank' s inflation worries. *Fed wary of lowering price expectations by flagging risks. NEW YORK/ SAN FRANCISCO, Dec 1- With the U.S. economy humming along at its fastest clip in more than a decade, the Federal Reserve should be confident about its ability to weather a global slowdown and start lifting interest rates around the...

  • *Russia tries to burnish image tarnished in Ukraine. NIS, Serbia, Nov 30- There were 76, but they were dubbed the' Russian 100'- life-savers flown in from Moscow within hours of an appeal for help from Serbia as the heaviest rainfall in more than a century inundated the Balkans in May. Russia at the time was earning the ire of the West for dismembering Ukraine, so the PR in...

  • NEW YORK, Dec 1- U.S. oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. The Organization of Petroleum Exporting Countries last week agreed to maintain its production quota of 30 million-barrels-per-day, despite a 30 percent drop in oil prices since June, triggering an additional 10...

  • LONDON, Dec 1- As the European Central Bank comes closer to buying sovereign bonds, one London- based think tank says an opportunity has arisen to fix one of the euro zone's birth defects-- the absence of a credible "risk-free" asset. However, when they assess how strong a bank needs to be, regulators consider both German bonds-- the only state debt in the bloc rated...

  • China's home prices drop again in November-surveys Monday, 1 Dec 2014 | 12:30 AM ET

    Compared with a year ago, home prices dropped 1.6 percent in November, the second consecutive month showing an annual fall, said CREIS, a consultancy linked to China's largest property data provider, Soufun Holdings. "Although there were early indications that China's property market had improved, most cities face large inventories of unsold homes," said CREIS.

  • SYDNEY, Dec 1- Asia's factories appeared to have stepped down a gear last month as a glut of supply met a dearth of global demand, piling pressure on prices of manufactured goods and the commodities used to make them. Slowing inflation acts as an unwanted tightening of policy as it pushes up real interest rates, one reason China and Japan surprised with new stimulus...

  • *But analysts believe UAE, Saudi will use fiscal reserves. *Qatar, Kuwait budgets would stay in surplus. *Forecasts positive for UAE, Qatar and most Saudi stocks.