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  • Nov 24- A unit of Citigroup Inc must pay a $15 million fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry funded regulator said on Monday. Citigroup, which settled the allegations with FINRA, neither admitted nor denied the charges, but consented to the...

  • *Euro STOXX 50 up 0.8 pct, eyes biggest 2- day rise in 19 months. After European Central Bank chief Mario Draghi promised on Friday to use whatever means necessary to raise inflation, investors were betting the ECB would soon unveil new measures, possibly including government bond purchases. The euro zone Euro STOXX 50 index was up 0.8 percent at 3,220.50 points at...

  • *Chinese premiums hold steady at $1- $2. LONDON, Nov 24- Gold edged down on Monday, as the dollar steadied but prices remained near a three-week high after a surprise rate cut in China raised hopes demand for bullion in the top consumer would increase. "The significance of the rate cut is that it is effectively like putting more money in individuals' pockets," Mitsubishi...

  • Nov 24- Merck& Co Inc on Monday said it would buy worldwide commercial rights to NewLink Genetics Corp's experimental vaccine meant to prevent infection with the Ebola virus. Guinea, Sierra Leone and Liberia account for all but 15 of the deaths. The Walter Reed Army Institute of Research and the U.S. National Institute of Allergy and Infectious Diseases, part of...

  • NEW YORK, Nov 24- Prices of U.S. Treasury will sell $28 billion in two-year notes, $13 billion in two-year floating rate notes, $35 billion in five-year notes and $29 billion in seven-year notes. Traders sold fewer shorter-dated Treasury notes than 30- year Treasury bonds since they had become less sensitive to signs of when the Federal Reserve will raise...

  • *Kenya issued $2 bln Eurobond on Irish exchange in June. DIANI, Kenya, Nov 24- Kenya could cross-list its $2 billion Eurobond on the Nairobi bourse, Deputy President William Ruto said on Monday, telling investors that the yield on Kenyan debt is likely to fall as inflation eases. "I'm happy now that the stock exchange in Kenya is prepared to work with us as government to...

  • Nov 24- A unit of Citigroup Inc must pay a $15 million fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry funded regulator said on Monday. Citigroup, which settled the allegations with FINRA, neither admitted nor denied the charges, but consented to the...

  • *O2 deal could hand Telefonica 20 pct of BT. LONDON/ MADRID Nov 24- Britain's BT Group has been approached by O2 owner Telefonica and the parents of O2's bigger rival EE to discuss competing multibillion-pound deals to create a powerhouse in fixed-line broadband, mobile and TV. "They've held out the threat of entering in the mobile market and engineered a situation...

  • *RenaissanceRe to buy Platinum for $1.9 bln. NEW YORK, Nov 24- U.S. stocks rose on Monday, with major indexes hitting fresh records on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action. "The carry-over effect from China, taken with the fact that the U.S. is pretty healthy, and you have a market with a bias to...

  • NEW DELHI, Nov 24- India's main opposition Congress party signalled on Monday it could support government legislation to liberalise the insurance industry, a long-delayed reform expected to help improve investor confidence. On Monday, Congress appeared to soften its stand on insurance reform and a constitutional amendment for a national goods and...

  • Safran opens composites plant for LEAP jet engine Monday, 24 Nov 2014 | 9:54 AM ET

    COMMERCY, France, Nov 24- French President Francois Hollande on Monday inaugurated a $200 million Safran plant in eastern France designed to make carbon-composite parts for its new LEAP aircraft engine. LEAP is the latest engine produced by the CFM International joint venture between Safran and General Electric, and will power the next generation of Boeing...

  • *China may cut rates again on deflation fears-sources. China might be ready to lower interest rate again after Friday's surprise rate cut in an effort to stem deflation, sources familiar with its policymaking told Reuters. As China, Europe and Japan were seen likely pursuing further policy easing, the U.S.

  • NEW YORK, Nov 24- U.S. stocks opened modestly higher on Monday, pushing the Dow and S&P 500 further into record territory on the back of multiple merger deals and hopes China will take further accommodative monetary policy action.

  • UAE says OPEC will take "appropriate decision" -WAM Monday, 24 Nov 2014 | 9:27 AM ET

    DUBAI, Nov 24- The United Arab Emirates energy minister said OPEC countries would deal with the current fall in oil prices and would take the "appropriate decision", the state WAM news agency reported on Monday. WAM said Suhail bin Mohammed al-Mazroui did not elaborate on the nature or kind of decision that members of the Organization of the Petroleum Exporting...

  • SANTIAGO, Nov 24- A free-trade area that encompasses Latin America's different economies was not a realistic prospect, Chilean President Michelle Bachelet said on Monday, even as she opened a forum that seeks to push for further integration across the region. Ministers and officials for the pro-free trade' Alianza de Pacifico' states of Chile, Peru, Colombia and...

  • *64 percent of e-cigarette patents come from China. Research by Thomson Reuters shows that China- with over 300 million smokers- is the front runner in the manufacture and development of so-called e-cigarette technology, while new versions being patented include a "pay as you go" computer-assisted device and others that can deliver caffeine instead.

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • Russia to toughen rules on meat transit from Belarus Monday, 24 Nov 2014 | 9:02 AM ET

    MOSCOW, Nov 24- Moscow will tighten restrictions on the transit of meat products across its territory from Belarus to Kazakhstan and other countries following attempts to sell banned imports in Russia, Russia's veterinary and phytosanitary service said on Monday. The VPSS said it had discovered a smuggling channel under which meat labelled as intended for...

  • *OPEC to meet in Vienna on Nov. 27. *Producers split over possible OPEC output cuts. The decision came ahead of a key meeting of OPEC to discuss production in response to a collapse in oil prices.

  • BRASILIA, Nov 24- Brazil's current account deficit widened in October from the previous month, highlighting the rapid deterioration of the external accounts as prices of key exports drop sharply. Brazil's current account deficit in September was $7.907 billion. In the last 12 months through October, the current account deficit was equivalent to 3.73 percent...