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  • LONDON, Nov 20- Oil eased on Monday, as traders were reluctant to take on big new positions ahead of an OPEC meeting next week, when the exporter group is expected to decide whether to continue output cuts aimed at propping up prices. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining...

  • LONDON, Nov 20- Shares in ProSiebenSat.1 rose almost 4 percent on Monday on news that its chief executive would quit early after a series of missteps, rekindling hopes the German broadcaster could become an acquisition target. Thomas Ebeling- who presided over a string of profit warnings and an exodus of senior managers this year, topping it off by calling his...

  • LONDON, Nov 20- Iran's oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30. The Organization of the Petroleum Exporting Countries together with a group of non- OPEC producers led by Russia has reduced output since January 1 under an agreement set to run until...

  • *FTSE 100 down 0.3 pct, mid caps rise. LONDON, Nov 20- Britain's top share index made a muted start to the week, holding at seven-week lows as cyclical sectors were on the back foot and Shire was a loser among health stocks. "I think for the moment people are still fixated on progress in negotiations between the UK and the EU... the currency reacts to that most quickly," Stephen...

  • Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on Sunday. Finance minister Philip Hammond, under pressure to help weakened Prime Minister Theresa May, promised to speed up house building and said he had some room to help...

  • OR YEHUDA, Israel _ Formula Systems Ltd. on Sunday reported third-quarter profit of $5.4 million. The Or Yehuda, Israel- based company said it had profit of 36 cents per share. Formula Systems shares have risen 6 percent since the beginning of the year.

  • ATHENS, Greece _ Star Bulk Carriers Corp. on Sunday reported a loss of $7.4 million in its third quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. Three analysts surveyed by Zacks expected $81.2 million.

  • BUDAPEST/ WARSAW, Nov 20- The zloty's gains were limited on Monday by a collapse of coalition talks in Germany, ahead of a batch of likely strong Polish economic data. Warsaw is due to release October industrial output, retail sales and producer price data at 1300 GMT which could nudge the bank towards a rate hike before the last quarter of 2018, which has been...

  • ZURICH, Nov 20- Roche announced two trial wins for its cancer and hemophilia drugs on Monday, boosting its shares and weighing on the stocks of its main rivals. The Basel- based health group said its immunotherapy Tecentriq had made advances against lung cancer when mixed with other treatments, and its hemophilia agent Hemlibra had reduced bleeds in a new group of...

  • ZURICH, Nov 20- Roche announced two trial wins for its cancer and haemophilia drugs on Monday, boosting its shares and weighing on the stocks of its main rivals. The Basel- based health group said its immunotherapy Tecentriq had made advances against lung cancer when mixed with other treatments, and its haemophilia agent Hemlibra had reduced bleeds in a new group...

  • PARIS, Nov 20- Altice has no plans to raise cash by selling shares, the telecoms and cable group said on Monday, adding it had no problems with any loans and would cut its debts of $58 billion through asset sales. Weak third-quarter results on Nov. 2 prompted Altice's billionaire founder Patrick Drahi, who holds some 30 percent of its shares, to oust chief executive...

  • *Analysts valued unit at $11 bln- $14 bln- sources. DUBAI/ ABU DHABI, Nov 20- Abu Dhabi National Oil Co said on Monday it may sell as much as a 20 percent stake in its fuel distribution unit, potentially raising up to $2.8 billion. If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering in the United Arab Emirates since 2007 when DP World...

  • LONDON, Nov 20- European stocks slipped and safe haven government bonds were in demand early on Monday as the collapse of coalition talks in Germany served as a reminder of political risk that still runs as an undercurrent in Europe. Chancellor Angela Merkel said on Monday her efforts to form a three-way coalition government had failed, thrusting Germany into a...

  • LONDON, Nov 20- Centrica, Britain's biggest domestic electricity and gas supplier, promised on Monday to scrap a widely criticised higher rate tariff for new customers as the industry moved to see off price caps threatened by the government. Prime Minister Theresa May said in October she would impose controls to end what she called "rip-off energy prices"- home...

  • LONDON, Nov 20- A few hours before Theresa May lost her second cabinet member in a week, the British prime minister found time amidst the crisis to meet one of the world's most powerful bankers. Others, however, sense a subtle but significant change in the political climate with May listening more to the worries of an industry struggling to fathom out Britain's...

  • SHANGHAI, Nov 20- Victoria's Secret's glitzy annual fashion show hits the stage in China on Monday night for the first time, but will do so without several of its "angels" and star names who had been expected to attend, including model Gigi Hadid and pop singer Katy Perry. Perry and Hadid have both drawn criticism in state media and online in China, the former for...

  • LONDON, Nov 20- The euro recovered from a two-month low against the yen touched in Asian trade on Monday, with investors brushing off the broader political risks of a failure of German Chancellor Angela Merkel to form a three-way coalition government. The development thrust Germany into a political crisis that raised worries among investors of a new election...

  • *STOXX flat, DAX inches lower. MILAN, Nov 20- Germany's main share index fell on Monday after the collapse of government coalition talks, weighing on the broader European market which has already spent two straight weeks in the red. While Germany's DAX benchmark fell 0.2 percent, gains in pharma heavyweight Roche after positive trial news, along with dealmaking...

  • NAIROBI, Nov 20- Kenyan shares headed higher and the currency strengthened against the dollar after the Supreme Court upheld President Uhuru Kenyatta's victory in a repeat election held last month, traders said. The markets dropped sharply when the court nullified the initial Aug. 8 presidential election result on Sept. 1. Kenyatta won the Oct. 26 re-run, which...

  • TOKYO/ HONG KONG, Nov 20- Toshiba Corp's planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting- a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. The share issue, decided at a board meeting on Sunday, is equivalent to a 35 percent stake...