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  • *Oil falls after talks with non- OPEC producers yield no cuts. Oil prices fell more than $1 a barrel to near four-year lows after a meeting between OPEC members Saudi Arabia and Venezuela with non- OPEC producers Russia and Mexico resulted in no deal to curb output to counter a 30 percent slump in prices since June. OPEC meets in Vienna on Thursday.

  • A reduction in the quota, likely to 29.5 million barrels per day, dismissing some price war fears and sparking a rally. We therefore do not expect the cartel to be able to prevent the price of a barrel of Brent from falling to $70 by the end of 2016, even if this is below OPEC's current comfort zone. " "With the decline in prices, the likelihood of OPEC announcing a...

  • Midday Glance: Banks companies Tuesday, 25 Nov 2014 | 1:17 PM ET

    Bank of America Corp. fell$. 06 or. 3 percent, to $17.12. Citigroup Inc. rose$. 10 or. 2 percent, to $54.50. Goldman Sachs fell$. 67 or. 4 percent, to $189.40.

  • WASHINGTON, Nov 25- The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand. The Commerce Department on Tuesday raised its estimate of GDP growth to a 3.9 percent annual pace from the 3.5 percent rate reported last month, reflecting upward...

  • *Oil steady ahead of this week's OPEC meeting. NEW YORK, Nov 25- A surprising upward revision in U.S. third-quarter economic growth set off an early rally on Wall Street on Tuesday only to see prices knocked back by the lowest U.S. consumer confidence data since June, dragging down the U.S. dollar in the process. Earlier bets on more support from the European Central...

  • WASHINGTON, Nov 25- The U.S. economy grow at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand. The performance marked the two strongest back-to-back quarters of growth since the second half of 2003 and underscored the economy's resilience against the...

  • That was the day 100,000 tonnes of metal being stored in LME-registered sheds in Detroit were canceled prior to physical load-out. The cancellations created an instantaneous bottleneck at Metro International, the dominant LME warehouse operator in Detroit. A relatively benign load-out queue of just over 20 days at Detroit mushroomed to a monster queue of...

  • Early Glance: Banks companies Tuesday, 25 Nov 2014 | 10:22 AM ET

    Bank of America Corp. fell$. 01 or. 1 percent, to $17.17. Citigroup Inc. fell$. 10 or. 2 percent, to $54.30. Goldman Sachs fell $1.11 or. 6 percent, to $188.96.

  • *Oil under pressure ahead of this week's OPEC meeting. LONDON, Nov 25- Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week. Asian stocks had dipped despite another record high for Wall Street overnight, and...

  • JPX-Nikkei 400 futures debut amid growing ROE interest Tuesday, 25 Nov 2014 | 2:19 AM ET

    It was jointly developed by Japan Exchange Group and Nikkei Inc. The index has been endorsed by some of Japan's most influential financial institutions. Last month, the Bank Of Japan said it will buy exchange-traded funds that track the JPX-Nikkei 400 when it tripled annual purchases of ETFs to about 3 trillion yen. The Government Pension Investment Fund,...

  • *Sony jumps to 3 1/ 2- year high on growth hopes, broker upgrade. TOKYO, Nov 25- Japan's Nikkei share average rose on Tuesday morning as Wall Street's gains and China's interest rate cut encouraged investors to play catch-up after a long weekend. JPMorgan raised its rating on Sony to' overweight' from' neutral', saying that bad news about its mobile phone and TV...

  • Final Glance: Banks companies Monday, 24 Nov 2014 | 6:08 PM ET

    Bank of America Corp. rose$. 06 or. 4 percent, to $17.18. Citigroup Inc. rose$. 74 or 1.4 percent, to $54.40. Goldman Sachs rose$. 48 or. 3 percent, to $190.07.

  • Nov 24- United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard. The maker of Otis elevators, Pratt& Whitney jet engines and Sikorsky helicopters said in a press release that...

  • Early Glance: Banks companies Monday, 24 Nov 2014 | 10:26 AM ET

    Bank of America Corp. rose$. 11 or. 6 percent, to $17.23. Citigroup Inc. rose$. 62 or 1.2 percent, to $54.28. Goldman Sachs rose$. 74 or. 4 percent, to $190.33.

  • *RenaissanceRe to buy Platinum for $1.9 bln. NEW YORK, Nov 24- U.S. stocks rose on Monday, with major indexes hitting fresh records on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action. "The carry-over effect from China, taken with the fact that the U.S. is pretty healthy, and you have a market with a bias to...

  • World's most advanced hacking spyware let loose Monday, 24 Nov 2014 | 2:20 AM ET
    File photo: Participants at a hacking conference in Germany

    A cyber snooping operation billed as the world's most sophisticated computer malware is targeting Russian and Saudi Arabian telecoms companies. The FT reports.

  • Asian central banks seen eying rate cuts Sunday, 23 Nov 2014 | 9:51 PM ET

    Easing measures in China and Japan have raised expectations that other Asian central banks will follow suit with growth-boosting interest rate cuts.

  • Final Glance: Banks companies Friday, 21 Nov 2014 | 6:02 PM ET

    Citigroup Inc. rose$. 14 or. 3 percent, to $53.66. JPMorgan Chase rose$. 33 or. 5 percent, to $60.45. Morgan Stanley rose$. 14 or. 4 percent, to $35.53.

  • WASHINGTON, Nov 21- A top Federal Reserve official on Friday pledged to a Senate investigative subcommittee that the U.S. central bank would broaden its review of gaps in its regulation of the physical commodity operations of U.S. banks. In response to questioning at a hearing on Friday, Fed Governor Daniel Tarullo said the bank would look into filling those...

  • NEW YORK, Nov 21- The trading executive at the center of Michael Lewis' book "Flash Boys" said U.S. regulators have made progress in protecting investors against abusive trading practices. Brad Katsuyama, chief executive of IEX Group, has spent years figuring out how high-speed traders collect a few cents on every trade in the U.S. stock market, and is building a...