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  • TORONTO, Dec 4- De Beers Canada has suspended operations at its unprofitable Snap Lake diamond mine in the remote Northwest Territories due to poor market conditions, and said on Friday that it will evaluate the mine's potential over the next year. De Beers, 85 percent owned by Anglo American and 15 percent owned by the government of Botswana, said work has started...

  • Dec 4- Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit. Bloomberg reported earlier in the day that Barclays would cut 20 percent more investment banking jobs, citing the bank's Chief Executive Jes Staley. Barclays is midway through a...

  • OIL DRILLERS CUT RIGS FOR THIRTEENTH WEEK IN THE LAST 14- BAKER HUGHES.

  • OIL DRILLERS ADD RIGS FOR FIRST WEEK IN THREE DESPITE WEAKER CRUDE PRICES- BAKER HUGHES.

  • Investigators added Illinois, Maryland and Pennsylvania to the list of states reporting illness on Friday. The other affected states are California, Minnesota, New York, Ohio, Oregon and Washington. The seven new cases came from California, Illinois, Maryland, Ohio, Pennsylvania, and Washington.

  • Dec 4- American Apparel Inc founder and former Chief Executive Dov Charney said he was exploring plans with potential and existing investors and industry executives to revive the bankrupt company. American Apparel did not immediately comment on the news. Charney lost 42 percent stake in American Apparel, held as collateral by New York hedge fund Standard...

  • *France wants document by Saturday to pass to ministers. PARIS, Dec 4- Near the halfway mark of a U.N. climate change conference in Paris, hopes for a deal are far higher than at the last, failed summit in Copenhagen, even if the agreement on offer is far less ambitious this time. At the same stage of Copenhagen, the drafts ran to 300 pages.

  • *Sandvik, Whitbread drop after downgrades. LONDON, Dec 4- European shares ended lower on Friday, extending losses from the previous session when the European Central Bank's new stimulus measures disappointed some investors, with oil stocks leading the fall. A meeting of OPEC members in Vienna failed to agree an oil production ceiling, even as a global glut has...

  • WASHINGTON, Dec 4- Federal Reserve Chair Janet Yellen has the clear signs she wanted of labor market healing to push ahead with the first U.S. rate rise in a decade in December, but may have a tougher time selling further hikes to a skeptical board. Yellen's hand against potential dissent at the Dec. 15-16 policy meeting was strengthened by Labor Department data on...

  • LONDON, Dec 4- Copper, aluminum and other base metals climbed on Friday as investors bought back short positions after a strong U.S. jobs report that helped to allay fears the world's largest economy has hit a soft patch. A surprise move by OPEC oil producers to maintain production also supported metals because a lower crude price could help the global economy and...

  • CHICAGO, Dec 4- U.S. corn and wheat rose on Friday, extending steep gains from the previous session on technical buying while soybeans were little-changed as large export sales of soybeans to China kept prices near the highest levels in more than a month. "Much of what we are seeing is technical short covering," Karl Setzer, analyst at MaxYield Cooperative said in a...

  • LONDON, Dec 4- The list of geopolitical risks worrying fund managers is growing; potential investment responses are proving slow to evolve. Terrorism, the Syria conflict, a refugee crisis threatening to unpick European freedom of movement, a possible UK exit from the European Union and tensions between Turkey and Russia are all on the lengthening worry list.

  • *Average hourly earnings increase four cents. WASHINGTON, Dec 4- U.S. employment increased strongly in November in a show of the economy's resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month for the first time in nearly a decade. Nonfarm payrolls rose 211,000 last month, the Labor Department said on Friday.

  • VIENNA, Dec 4- OPEC could hold another meeting before June if oil prices continue to slide, Nigerian Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Friday. When asked if there would be a meeting before June 2 if prices continue to fall, Kachikwu said: "Yes, potentially yes. We did say that we'd watch prices. "

  • BERLIN, Dec 4- German finance ministry officials expect a budget surplus of up to 9 billion euros this year, giving the government a bigger buffer to finance the costs of the refugee crisis, Der Spiegel reported on Friday. The ministry had previously expected a budget surplus of around 6 billion euros for Europe's biggest economy, the magazine said.

  • NEW YORK, Dec 4- Samsung fought until the bitter end to avoid paying Apple, but the company now says it will finally hand over the more than $548 million it owes for infringing the patents and designs of its biggest smartphone rival. In papers filed in federal court in San Jose, California on Thursday, Samsung Electronics Co Ltd said it will make the payment by Dec. 14 if...

  • VIENNA, Dec 4- OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions. OPEC's secretary general Abdullah al-Badri said the body could not agree on any figures because it could not predict...

  • LONDON, Dec 4- Brazil's Vale SA said on Friday that it plans to sell its 11 remaining Valemax iron ore carriers and lease them back in transactions that could raise $1.1 billion. Vale has been selling its part of the world's 35- vessel Valemax fleet for about $110 million each, Luciano Siani, chief financial officer of Rio de Janeiro- based Vale told investors at a...

  • *Nigeria says has cut MTN fine by 25 pct to $3.4 bln. JOHANNESBURG/ LAGOS, Dec 4- Nigeria's telecoms regulator said on Friday it had cut a fine on South Africa's MTN Group by 25 percent to $3.9 billion, and blamed a typing error for an announcement on Thursday it had reduced the penalty by 35 percent to $3.4 billion. The Nigerian Communications Commission hit MTN with a...