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  • MOSCOW, Dec 13- French hypermarket operator Auchan is stepping up its investments in Russia, its third biggest market, saying the economy there has largely adapted to sanctions. Auchan, which entered Russia in 2002, opened its 100th hypermarket in the country on Tuesday and said it aimed to add around 10 hypermarkets a year in Russia going forward as well as 20-30...

  • "If OPEC and its non- OPEC partners stick to their pledges, global inventories could start to draw in the first half of 2017," the IEA said, adding that this was not its own forecast, but was based on the agreement. The IEA said it had more than halved its forecast for non- OPEC supply growth for next year to 220,000 bpd, marking a cut of 255,000 bpd, following the agreement of...

  • WASHINGTON, Dec 13- President-elect Donald Trump announced Exxon Mobil Corp Chief Executive Officer Rex Tillerson as his choice for U.S. secretary of state on Tuesday, despite concerns from lawmakers in both political parties over the oilman's ties to Russia. Some lawmakers raised concerns about Tillerson's relationship with Moscow.

  • The discount- designed for patients who pay full retail prices at the pharmacy, such as those who are uninsured- is being put in place for products purchased on Blink Health mobile and web platforms, effective Jan. 1. Two prominent U.S. lawmakers also called on federal antitrust regulators to probe if Lilly, Sanofi SA, Merck& Co Inc and Novo Nordisk A/S colluded to set...

  • AMSTERDAM, Dec 13- The Dutch economy will grow by 2.1 percent next year, the government's forecasting office said on Tuesday, upgrading the outlook for a country set to buck a slowing trend and be one of Europe's stand-out performers in 2017.. The Netherlands Bureau for Economic Policy Analysis raised its GDP growth forecast for 2017 to 2.1 percent from a 1.7...

  • Dec 13- Apple Inc said on Tuesday its wireless AirPod headphones were now available through its website, two months after the company delayed their launch for unexplained reasons. Apple also said delivery of AirPods would start next week along with sales at Apple Stores, Apple-authorized resellers and select carriers. http://apple.co/2hiq2ik.

  • PRAGUE, Dec 13- A re-balancing of world oil markets could occur in the first half of next year if production cuts by OPEC and other producers are implemented, International Energy Agency chief Fatih Birol said on Tuesday.

  • TORONTO, Dec 13- Canada's main stock index rose in early trade on Tuesday, boosted by gains among energy and financial stocks as oil prices rose and investors eye a U.S.

  • NEW YORK, Dec 13- Cumulus Media Inc has sued JPMorgan Chase& Co seeking a court order declaring that the second-largest U.S. radio network is allowed to proceed with a refinancing that it says would deleverage the company by up to $305 million. In a lawsuit filed late on Monday in Manhattan federal court, Cumulus accused JPMorgan of breaching a 2013 credit...

  • *Loonie touches its strongest since Oct. 19 at C $1.3106. TORONTO, Dec 13- The Canadian dollar strengthened for the fifth straight day against its U.S. counterpart on Tuesday, posting a near eight-week high as higher oil prices offset expected monetary policy divergence between the U.S. and Canada. U.S. crude prices were up 0.66 percent at $53.18 a barrel, supported...

  • Dec 13- Wall Street opened higher on Tuesday, with the Dow and the S&P 500 hitting fresh record highs, as investors focused on the Federal Reserve's two-day meeting where it is widely expected to raise rates for the second time since the financial crisis. The Dow Jones Industrial Average rose 67.56 points, or 0.34 percent, to 19,863.99. The S&P 500 gained 7.82 points,...

  • Manila- based Rizal Commercial Banking Corp was responding to comments by a Bangladeshi investigator that some Bangladesh Bank officials deliberately exposed its computer systems and enabled hackers to steal the money from its account at the Federal Reserve Bank of New York. Bangladesh Bank had been demanding that RCBC compensate it for the loss, blaming...

  • EXXON MOBIL SAYS BOARD WILL BE MEETING SHORTLY REGARDING TRANSITION FOLLOWING CEO TILLERSON'S APPOINTMENT AS U.S.

  • PARIS/ SINGAPORE, Dec 13- Chicago wheat edged lower on Tuesday, coming off an earlier two-week high as ample world supplies and investor caution before a U.S. interest rate decision tempered support from export hopes. The Chicago Board of Trade's most-active wheat contract had slid 0.6 percent to $4.15-3/ 4 a bushel by 1349 GMT, having earlier touched its highest...

  • By Agnieszka Flak and Gwénaëlle Barzic. MILAN/ PARIS, Dec 13- French tycoon Vincent Bollore has raised the stakes in a battle of nerves with Silvio Berlusconi's Mediaset by saying Vivendi could buy up to a fifth of the Italian broadcaster, stirring talk of a hostile takeover bid. Vivendi, led by chairman and biggest shareholder Bollore, now owns 3 percent of...

  • PARIS, Dec 13- France's Vivendi does not plan at this stage to make an unsolicited bid for the whole of Mediaset, one source close to the matter said on Tuesday. "Vivendi prefers to go with a soft approach for now but if there is no way to discuss, we'll have to reassess at this point," the source said. The French media giant said on Monday it could buy as much as 20 percent of...

  • Dec 13- Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve's two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed's target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed's...

  • BEIRUT, Dec 13- European planemaker Airbus and IranAir will finalise a deal to buy aircraft in two weeks, the head of Iran's flag carrier said on Tuesday, adding Airbus has agreed to arrange financing for the first 17 planes. Uncertainty over financing of the deal and political opposition in the United States against Iran have slowed down Tehran's efforts to...

  • BEIRUT, Dec 13- European planemaker Airbus and IranAir will finalize a deal to buy aircraft in two weeks, the head of Iran's flag carrier said on Tuesday, adding Airbus has agreed to arrange financing for the first 17 planes. Uncertainty over financing of the deal and political opposition in the United States against Iran have slowed down Tehran's efforts to...

  • Tillerson's experience in diplomacy stems from making deals with foreign countries for Exxon, the world's largest energy company, although questions have been raised about his relations with Russia. Trump picked Tillerson, 64, after the Texan was backed by several Republican establishment figures, including former Secretary of State James Baker, former...