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  • Prince William and Kate arrive on first trip to NYC Monday, 8 Dec 2014 | 3:04 AM ET

    Prince William and his wife Kate arrived on Sunday for their first visit to New York City.

  • RPT--African insurers in vogue as incomes rise Monday, 8 Dec 2014 | 3:00 AM ET

    Rapid economic growth in countries such as Ghana, Kenya and Nigeria has increased the number of people with money to spend on insurance to protect their wealth, while regulatory changes are encouraging the growth of domestic savings and pensions. Several major companies, including Swiss Re, Prudential and Sanlam, are buying insurers in Africa, with the focus on...

  • KIEV, Dec 8- Ukraine's government has allowed state energy company Ukrinterenergo to import electricity from Russia to cover current power shortages caused by a lack of coal, the Ukrainian energy ministry said. Ukraine and Russia have joint electricity systems and there are no technical obstacles to such imports, but analysts say importing electricity is...

  • MOSCOW, Dec 8- The Russian rouble fell on Monday, following a weaker oil price and after strong gains in the Russian currency on Friday. At 0705 GMT, the rouble was 1.5 percent down against the dollar at 53.30, and 1.2 percent down at 65.45 against the euro. This follows $700 million in interventions last Monday and $1.9 billion on Wednesday.

  • BHP Billiton names spin-off company South32 Monday, 8 Dec 2014 | 2:30 AM ET

    MELBOURNE, Dec 8- A planned spin-off of businesses by global miner BHP Billiton will be called South32 when it seeks multiple stock listings next year, BHP said on Monday. The new name recognizes that most of South32's operations are in the southern hemisphere, with its two regional centers- Australia and South Africa- linked by the thirty-second parallel south...

  • CHINA'S CSI300 INDEX CLOSES UP 4.1 PCT AT 3,252.88 POINTS@.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 4.1 percent, to 3,252.88, while the Shanghai Composite Index gained 2.9 percent, to 3,020.26 points, both at their highest levels since 2011.. Among the most active stocks in Shanghai were Bank of China, down 0.5 percent to 3.67 yuan; Agricultural Bank of China, up 1.5 percent to 3.36 yuan...

  • IHG agrees to sell Paris-Le Grand to Constellation Monday, 8 Dec 2014 | 2:14 AM ET

    LONDON, Dec 8- InterContinental Hotels Group, one of the world's largest hoteliers, said on Monday it had agreed to sell its Paris- Le Grand hotel for 330 million euros to Constellation Hotels. IHG said it had accepted the offer from Constellation, which was announced in August, following a period of consultation with employees. The deal is expected to complete by...

  • MOSCOW, Dec 8- The Russian central bank said on Monday it had conducted no interventions in the foreign exchange market on Dec. 4.

  • RUSSIAN CENBANK DID NOT CONDUCT FOREX MARKET INTERVENTIONS ON DEC. 4.

  • RUSSIAN ROUBLE WEAKENS 1 PCT VERSUS DOLLAR IN EARLY TRADE ON MONDAY.

  • BEIJING, Dec 8- China's imports shrank unexpectedly in November while export growth slowed, fueling concerns the world's second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures. Exports rose 4.7 percent from a year earlier, while imports dropped 6.7 percent, the biggest drop since March, data...

  • *China trade data weak, Japan Q3 GDP revised even lower. Spreadbetters expected a subdued start for European stocks, forecasting Britain's FTSE, Germany's DAX and France's CAC to open effectively flat. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent.

  • TOKYO, Dec 8- Japanese stocks edged up to a 7-1/ 2- year high on Monday as a downward revision in third quarter GDP figures was offset by the weak yen and optimism over the U.S. economy after it had strong jobs data. The Nikkei benchmark ended 0.1 percent higher at 17,935.64, the highest closing price since July 2007. In early trade, the Nikkei touched 18,030.83.

  • "The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in some 401 retirement plans, including target date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters.

  • NEW YORK, Dec 8- U.S. health regulators estimate that consumers will suffer up to $5.27 billion in "lost pleasure" over 20 years when calorie counts on restaurant menus discourage people from ordering french fries, brownies and other high-calorie favorites. The FDA said the analysis balances the benefits to consumers when calorie information leads them to eat...

  • Indian police said they were considering legal action against the online taxi service for failing to run background checks amid reports the government may cancel the company's license to operate in New Delhi, where the alleged attack took place. "Every violation by Uber will be evaluated and we will go for legal recourse," said Madhur Verma, deputy commissioner...

  • BEIJING, Dec 8- Oil prices fell more than a dollar at one stage on Monday after Morgan Stanley cut its forecast for Brent crude, approaching a five-year low hit early this month, and the market got little support from mixed Chinese trade data. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter of 2015,"...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Dec 8- It's getting harder to pull together a convincing, all-encompassing narrative for China's commodity imports, with the November trade data showing a fractured picture. While China also remained a net exporter of refined fuels in November, it was only just, with customs data showing net exports of...