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  • * "One Planet" summit on climate finance underway in Paris. BRUSSELS, Dec 12- The European Commission could lower capital requirements for environmentally-friendly investments by banks in a bid to boost the green economy and counter climate change, the EU executive's vice president said on Tuesday. The Commission, which is in charge of proposing laws at EU level,...

  • *Gemalto rockets after 4.3 bln eur bid from Atos. LONDON, Dec 12- Mergers and acquisitions dominated early European share trading on Tuesday, while a decline in banks was offset by strength in oil stocks after a pipeline shutdown boosted crude prices. Amsterdam's AEX climbed 0.4 percent, pushed higher by Gemalto which rocketed 33 percent after French tech...

  • *Brent hits $65 a barrel. LONDON, Dec 12- Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally. Brent crude futures, the international benchmark for oil prices, rose above $65 a barrel- their highest since mid-2015- after...

  • LONDON, Dec 12- ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. The move is an acceleration of ING's efforts in the global transition to a low-carbon economy, agreed through a 2015 global accord on climate change in Paris. "We realize that contributing to the Paris...

  • LONDON, Dec 12- ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. The move is an acceleration of ING's efforts in the global transition to a low-carbon economy, agreed through a 2015 global accord on climate change in Paris. "We realise that contributing to the Paris...

  • The National Transportation Safety Board is expected to issue more than 50 safety recommendations related to the Oct. 1, 2015 loss of 790- foot-long ship near the Bahamas. The fully loaded El Faro sank about 34 hours after leaving Jacksonville, Florida, on a cargo run to Puerto Rico. The NTSB says the board will address problems with weather forecasting,...

  • LONDON, Dec 12- ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. The move is an acceleration of ING's efforts in the global transition to a low-carbon economy, agreed through a 2015 global accord on climate change in Paris. "We realize that contributing to the Paris...

  • LONDON, Dec 12- ING by the end of 2025 will stop funding any utility company which relies on coal for more than 5 percent of its energy, the Dutch bank said on Tuesday. The move is an acceleration of ING's efforts in the global transition to a low-carbon economy, agreed through a 2015 global accord on climate change in Paris. "We realise that contributing to the Paris...

  • *C.bank regular rate-setting meeting due on Dec. 15. *Rate decision due at 1030 GMT, press briefing at 1200 GMT. MOSCOW, Dec 11- The Russian central bank is expected to lower its key interest rate to 8 percent on Friday, in what would be the sixth rate cut so far this year, a Reuters poll showed on Monday.

  • JOHANNESBURG/ FRANKFURT, Dec 12- South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said. Steinhoff owns about 25 percent of PSG, a 60 billion rand investment holding company, and 39 percent, or of...

  • STEINHOFF CONSIDERS SELLING STAKES WORTH TOTAL $1.4 BLN IN PSG GROUP AND KAP INDUSTRIAL TO AID LIQUIDITY- SOURCES.

  • *New Zealand dollar gains on central bank appointment. LONDON, Dec 12- The dollar was flat on Tuesday after strong recent gains as the U.S. "Although we do not expect Janet Yellen to overly modify her choice of judicious language, (President ( Donald Trump's)... tax cuts... could feasibly allow far greater conviction in the speed with which policy normalization should...

  • *Friday's Fitch review could give Portugal second IG rating. LONDON, Dec 12- Portugal has halved its borrowing costs since the start of the year with its 10- year bond yield close to its lowest level since April 2015 ahead of a potential restoration of its investment grade status by Fitch. The fact that Portugal has far less outstanding bonds than neighbouring...

  • AUDI CEO ABANDONS PLAN TO SELL ITALIAN MOTORCYCLE BRAND DUCATI, SAYS NO ECONOMIC NEED.

  • *To spend 500 mln euros on staff digital training- CEO. INGOLSTADT, Germany, Dec 12- Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation. Steps to reduce costs by 10 billion euros, cut red tape and...

  • BEIRUT, Dec 11- The company formed to rebuild Lebanon's capital Beirut after its civil war ended in 1990 is struggling to overcome the latest period of political turmoil roiling the Middle East. Until the 2011 Arab uprisings and the start of neighbouring Syria's civil war, Solidere's property business was booming along with Lebanon's real estate sector.

  • PARIS— The Latest on the climate summit taking place in Paris:. Top world officials have opened a climate summit in Paris by saying investors and the entire global financial system need to shift faster toward energy and businesses that don't worsen climate change. The summit, co-hosted by the U.N., World Bank and French President Emmanuel Macron, is being held on...

  • LONDON, Dec 12- Mergers and acquisitions dominated early European share trading on Tuesday, while strong oil and tech stocks were not enough to offset a decline in banks. French tech consultancy Atos's 4.3 billion euro takeover offer for Dutch cybersecurity company Gemalto helped the tech sector outperform. Strong oil stocks limited losses after Brent crude...

  • Dec 12- Hong Kong stocks dropped on Tuesday, as index heavyweight Tencent slumped over 3 percent, and declines in other technology shares also weighed on sentiment. The Hong Kong dollar is pegged to the U.S. dollar and interest rates there tend to move in tandem with those in the United States. **China's main Shanghai Composite index closed down 1.24 percent at...

  • LONDON, Dec 12- UK shares were flat on Tuesday as investors await inflation figures, which some economists believe could show prices rising at their fastest rate since 2012, putting pressure on the Bank of England to further raise rates. "Price developments will be decisive in determining whether and if so how soon the Bank of England will hike interest rates...