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  • LONDON, Dec 16- Aluminum prices hit their lowest level in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Broader market sentiment was soured as Brent oil futures sank towards $59 per barrel for the first time since May 2009, while Russia's central bank raised...

  • LONDON, Dec 16- Imagination Technologies, the British company that supplies graphics processing to Apple Inc, said it expected an improved second half as costly investments which weighed on the first months of the year begin to pay off. "We are migrating from a heavy investment to exploitation," said Chief Executive Hossein Yassaie. They were trading at 212.8...

  • DOHA, Dec 16- Russia will maintain its 2014 oil output level into 2015, and will not cut production because it would then lose market share to other countries, Russian Energy Minister Alexander Novak said on Tuesday. He also told reporters on the sidelines of a conference that Russia agreed that the oil market would eventually stabilize by itself.

  • MUMBAI, Dec 16- An Indian court asked for further investigation into an illegal coalfield allocation case involving Hindalco Industries on Tuesday, rejecting an earlier report from the federal police that said the probe was likely to be closed. The Central Bureau of Investigation said in August it was likely to close the case against Hindalco's billionaire...

  • emerging market selloff@ Dec 16- An aggressive overnight interest rate hike by Russia's central bank prompted a short-lived recovery in the rouble that quickly faded on Tuesday amid a broad emerging market selloff. The MSCI emerging stocks index traded 0.85 percent lower, on track for an eighth day in the red amid a wave of risk aversion after the Russian...

  • WASHINGTON, Dec 16- Ocwen Financial Corp's mortgage servicing operations were criticized on Tuesday by a watchdog who questioned the independence of an internal audit group, adding to previous concerns from regulators. Ocwen is subject to the watchdog's oversight because it had acquired mortgage servicing rights from a unit of Ally Financial Inc. That...

  • Russia rout hits European shares Tuesday, 16 Dec 2014 | 5:00 AM ET

    *Stocks with strong exposure to Russia tumble. Shares in Austrian lender Raiffeisen Bank International, which relies heavily on Russia for profits, slid 5.3 percent to a record low, after Russia's central bank raised its key interest rate to 17 percent from 10.5 percent in an emergency move that failed to immediately halt the collapse in the rouble.

  • NEW YORK/ SINGAPORE, Dec 16- Olam International Ltd will buy Archer Daniels Midland Co's cocoa business for $1.3 billion, catapulting the Singapore- based commodities firm into the top tier of global suppliers to the growing chocolate business. The deal would be Olam's biggest ever and mark a dramatic turnaround after an attack two years ago on its acquisition...

  • FACTBOX-ADM's and Olam's cocoa businesses Tuesday, 16 Dec 2014 | 4:49 AM ET

    Dec 16- Olam International Ltd's $1.3 billion deal to buy Archer Daniels Midland Co's cocoa business will create one of the world's top cocoa bean processors and traders, rivalling Barry Callebaut AG and Cargill Inc.. The Chicago- based firm has eight cocoa bean processing facilities: Ontario, Canada; Koog aan de Zaan and Wormer, the Netherlands; Mannheim, Germany;...

  • *China data shows factory sector contraction. LONDON, Dec 16- A plunge in oil below $60 and the failure of an emergency interest rate rise to stabilize Russia's rouble sent another shock through global financial markets on Tuesday, adding to a growing sense of crisis in a volatile end to 2014.. After a bumper few years driven by the huge quantities of extra cash...

  • MOSCOW, Dec 16- Russia's central bank said it had increased the maximum amount of funds available at a one-week repurchase agreement auction on Tuesday to 3.670 trillion roubles.

  • LONDON, Dec 16- Oil fell to just above $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to concerns about demand. Brent crude fell as low as $59.02, its weakest level since May 2009, and as of 0914 GMT was down $1.81 at $59.25.

  • *Crown falls to 4- yr low after Sweden holds rates. LONDON, Dec 16- The yen hit a one-month high against the dollar and the euro on Tuesday as investors bought safe-haven currencies amid a slide in oil prices that has triggered a bout of volatility across asset classes. Analysts say a deeper economic contraction in Russia will have a negative impact on global growth,...

  • RUSSIAN CENTRAL BANK SAYS SETS MAXIMUM VOLUME OF FUNDS AVAILABLE AT ONE-WEEK REPO AUCTION AT 3.67 TRLN ROUBLES- STATEMENT.

  • MOSCOW, Dec 16- A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank's resolve to defend the currency and piled more pressure on Russia's faltering economy. At 0907 GMT, the rouble was down around 2.6 percent against the dollar at 66.14 after hitting a new all-time low and was 4.8 percent...

  • NABUILLINA SAYS CENBANK READY FOR COORDINATED ACTION WITH GOVERNMENT.

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS ROUBLE IS UNDERVALUED- ROSSIYA 24 TV CHANNEL.

  • LONDON, Dec 16- Euro zone businesses are ending 2014 in slightly better shape than thought but growth remains weak and firms are still cutting prices to encourage trade, surveys showed on Tuesday. Markit's Composite Flash Purchasing Managers' Index, based on surveys of thousands of companies and seen as a good growth indicator, rose to 51.7 from a 16- month low of...

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS ROUBLE WEAKNESS DRIVEN BY EXTERNAL FACTORS SUCH AS OIL PRICE, SANCTIONS.

  • ROUBLE SUFFERS HEAVY LOSSES VS DOLLAR AND EURO, WEAKENS TO OVER 66 ROUBLES PER DOLLAR FOR FIRST TIME.