MOSCOW, Dec 29- Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis. On top of this, the sanctions imposed over Moscow's role in the Ukraine crisis have deterred foreign investment and led to over...» Read More
SAN FRANCISCO, July 11- A group of 27 top executives and investors in Alibaba Group Holding Ltd, including co-founder Jack Ma, can appoint an additional two directors to the company's board once it goes public, according to a U.S. regulatory filing on Friday.
NEW YORK, July 11- Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
LONDON, July 11- A group of armed individuals has occupied a Cargill Inc sunflower-seed crushing plant in Ukraine's eastern Donetsk region after it was closed due to the increased tensions in the area, the company said on Friday.
HONG KONG, July 11- A former Macau business partner of Las Vegas Sands Corp accused the casino operator of misappropriating trade secrets and is suing Sands for at least $5 billion in profits that it says are owed via their joint ownership of copyright related to a casino license bid.
NEW YORK, July 11- U.S. stocks rose slightly on Friday, but the S&P 500 posted its biggest weekly percentage decline since April as investors showed tepid enthusiasm after their first glimpses of earnings. Based on the latest available data, the Dow Jones industrial average rose 28.74 points or 0.17 percent, to end unofficially at 16,943.81.
WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.
HAVANA, July 11- Russian President Vladimir Putin said on Friday he was hopeful Russian oil company Rosneft and Cuban state oil company Cupet could begin jointly exploring Cuba's potential offshore oil reserves "in the very near future."
*Gaza in focus, less worry over Portugal's Banco Espirito. NEW YORK/ LONDON, July 11- Gold prices were flat on Friday as investors grew less worried about Portugal's top listed bank, but the precious metal notched its sixth straight weekly gain as many remained concerned about violence in the Middle East.
July 11- Mondelez International Inc, maker of Cadbury chocolate and Oreo cookies, said it would create a "stand-alone" European cheese and grocery business to focus on its fast-growing snacks business, including biscuits, gum and candy.
RIO DE JANEIRO, July 11- Anheuser-Busch InBev SA, the world's largest brewer, sees great growth opportunities in Asia but prospects are lukewarm in Africa, Chief Executive Carlos Brito said on Friday. "Our culture is focused on Latin America and Asia. Brito said AB InBev has businesses with great potential in Vietnam, India, Hong Kong, Japan and Australia.
NEW YORK, July 11- Barclays Plc's planned sale of its index business could yield close to $1 billion for the British bank, more than double what had been expected, according to people familiar with the matter.
July 11- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.
WASHINGTON, July 11- The U.S. House of Representatives voted 258-160 on Friday to extend permanently a business tax break dealing with deductions for depreciating certain capital investments, a move that would cost U.S. taxpayers an estimated $287 billion over 10 years.
July 11- An official at British platinum refiner Johnson Matthey has become chairman at the London Bullion Market Association as the industry body oversees the overhaul of century-old precious metals pricing systems amid intense regulatory scrutiny.
But I feel like I'm changing one or two minds here or there, "said Felice Pete, a nurse anesthetist and a member of the state party's Black Advisory Board. The swing state, one of 11 where the Republican National Committee has hired staff to reach black voters, hosts one of the country's most important Senate races in November's midterm elections.
July 11- Investors withdrew assets worth nearly $400 million from Saba Capital Master Fund, a unit of Boaz Weinstein's Saba Capital Management LP, the Wall Street Journal reported on Friday.
*Airbus upgrading its biggest-selling wide-body jet. LONDON, July 11- European planemaker Airbus will both revamp and rebrand its A330 passenger jet at a launch expected to kick off next week's Farnborough Airshow, people familiar with the matter said on Friday.
FRANKFURT/ BERLIN, July 11- German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S. company but could trigger further deals down the line, bankers and analysts said on Friday.
BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.
NEW YORK, July 11- Brent oil hit a three-month low on Friday, heading towards a third consecutive week of losses as fears of supply shortages in the Middle East and North Africa receded.