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  • NEW YORK- Federal Reserve Bank of New York President William Dudley participates in panel on "Financial Regulation Nine Years on from the GFC-- Where Do We Stand?" PRAGUE- European socialist leaders including UK Labour Party leader Jeremy Corbyn, German Vice Chancellor Sigmar Gabriel, Member of the European Parliament Sergei Stanishev, Slovakia Prime Minister...

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the...

  • WOOLRICH, Pa.— Pennsylvania's Woolrich Inc., the oldest manufacturer of outdoor wear in the United States, has merged with its European partner and will be headquartered in London. However, Woolrich's president Nicholas Brayton tells Pennlive.com the merger with Italy's W.P. Lavori in Corso will bring more jobs, mill renovations and development of...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday above $51 a barrel with Brent crude on track for its biggest weekly rally since 2009 following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market focused on the implementation and impact of...

  • *New York cocoa falls to lowest since August 2013. NEW YORK/ LONDON, Dec 2- New York cocoa futures on ICE fell to the lowest since 2013 on Friday, while the London market dropped to a 1-1/ 2- year low as funds increased their short positions amid expectations for ample global supplies, dealers said. New York March cocoa settled down $11, or 0.5 percent, at $2,395 per tonne,...

  • *PM May wants Britain to meet European gold standard. LONDON, Dec 2- Britons desperate for faster broadband are unlikely to get it from a plan to separate the country's biggest network from BT unless the industry tackles how to pay up to 25 billion pounds to upgrade to fibre-optic cables. In a bid to boost Britain's economy through Brexit, Prime Minister Theresa...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices edged higher on Friday, steady above $51 a barrel, with Brent crude on track for its biggest weekly rally since 2009, following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market will focus on the implementation...

  • The financial entrepreneur says she has received death threats and racial and sexual abuse since she won a High Court ruling forcing the British government to seek Parliamentary approval before leaving the European Union. "It's turned into a poisoned chalice if you like," Miller told The Associated Press as she prepared for the Supreme Court to begin hearing...

  • *Global stocks tread water ahead of Italy referendum. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • LONDON, Dec 2- It has been a difficult week for investors betting against sterling on worries about the shape of Britain's exit from the European Union. And next week's Supreme Court hearing on parliament's role in proceedings may only make things worse. That was not a commitment to stay inside the single market, but it sounded like the sort of concession that...

  • LONDON, Dec 2- It has been a difficult week for investors betting against sterling on worries about the shape of Britain's exit from the European Union. And next week's Supreme Court hearing on parliament's role in proceedings may only make things worse. That was not a commitment to stay inside the single market, but it sounded like the sort of concession that...

  • LONDON, Dec 2- It has been a difficult week for investors betting against sterling on worries about the shape of Britain's exit from the European Union. And next week's Supreme Court hearing on parliament's role in proceedings may only make things worse. That was not a commitment to stay inside the single market, but it sounded like the sort of concession that...

  • LONDON, Dec 2- It has been a difficult week for investors betting against sterling on worries about the shape of Britain's exit from the European Union. And next week's Supreme Court hearing on parliament's role in proceedings may only make things worse. That was not a commitment to stay inside the single market, but it sounded like the sort of concession that...

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • LONDON, Dec 2- Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter. May has said she will invoke Article 50 by the end of March 2017, starting formal withdrawal negotiations...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices steadied above $51 a barrel on Friday, with Brent crude on track for its biggest weekly rally since 2009, following OPEC's decision to cut crude output in order to rein in a global glut. After the deal was announced on Wednesday, the market's focus now shifts to the implementation and...

  • *Euro one- week implied volatility up before Italy vote. NEW YORK, Dec 2- The dollar fell across the board on Friday after posting gains the last three weeks as a solid, but not spectacular, U.S. non-farm payrolls report spurred doubts about the path of rate increases next year. "Overall, we think the results are good enough to meet the Fed's low thresholds to hike rates...

  • NEW YORK— Investors are making a small move back to traditionally safe assets Friday afternoon after rallying over the last few weeks. KEEPING SCORE: The Dow lost 19 points, or 0.1 percent, to 19,173 as of 3:40 p.m. Eastern time as Goldman Sachs, which closed at a nine-year high Thursday, skidded. Major indexes had risen to record highs over the last three weeks, but...

  • LONDON, Dec 2- The Bank of England's chief economist, Andrew Haldane, said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE's recent shift to a neutral stance on what its next monetary policy move should be. Britain's central bank is grappling with the effect of a sharp fall in sterling since June's vote to leave...