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Putin says Russia economy will be cured, offers no remedy

5:43pm GMT

MOSCOW - President Vladimir Putin assured Russians on Thursday that the economy would rebound after the rouble's dramatic slide this year but offered no remedy for a deepening financial crisis. | Video

Old Mutual and IAG outperform as FTSE jumps nearly two percent

5:30pm GMT

LONDON - The FTSE 100 enjoyed one of its best days so far this year on Thursday, as the U.S. Federal Reserve's pledge for a "patient approach" to any interest rate increase lifted stock markets around the world.

The logo of the Swiss National Bank (SNB) is seen at the entrance of the SNB in Bern December 18, 2014.  REUTERS/Denis Balibouse

SNB goes negative

The Swiss National Bank announces a negative interest rate for the first time since the 1970s, hoping that by forcing banks to pay to deposit francs it can stem a flight to the safe-haven currency sparked by euro zone fears and the crisis in Russia.  Video | Full Article 

Screen shot from Reuters video

Progress in South Africa, challenges too

A new IMF report says South Africa can celebrate significant progress in its first 20 years of democracy, but - amid power blackouts and fears of more credit rating downgrades - it still faces big challenges in reviving a weak economy.  Video 

A Spyker C8 Aileron Spyder of Dutch car manufacturer Spyker is shown during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010. REUTERS/Valentin Flauraud

Dutch sportscar maker Spyker bankrupt

AMSTERDAM - Dutch sportscar maker Spyker, one-time owner of Sweden's Saab, declares bankruptcy, after failing to secure a critical bridging loan it had hoped would help it refinance and restructure.  Full Article | Related Story 

Traders sit at their desks at IG Index in London September 9, 2014.   REUTERS/Luke MacGregor

British fund managers head back to stocks

British investment managers have increased exposure to stocks in December as prospects for monetary stimulus in Europe and Japan and economic recovery in the United States and Britain bode well for corporate profits, a Reuters poll shows.  Full Article 

Screen shot from Reuters video

3D printed snacks just in time for Christmas

A Spanish company has combined technology with cuisine to develop the 'Foodini', a 3D printer designed to print the perfect biscuit for Father Christmas.  Video | Related Article 

Manchester City's Frank Lampard (R) scores a goal past Leicester City goalkeeper Ben Hamer (C) during their English Premier League soccer match at the King Power Stadium in Leicester, central England December 13, 2014.      REUTERS/Darren Staples

Man City primed to pounce on leaders Chelsea

Rejuvenated Manchester City can pile the pressure on Premier League leaders Chelsea for the first time this season if they beat struggling visitors Crystal Palace on Saturday.  Full Article 

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Breakingviews: Biotech bonanza

Robert Cyran and Reynolds Holding discuss Juno Therapeutics' IPO and the prospects for its cancer drug as well as other promising technologies in the booming sector.