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Italian media say EU to approve Rome's 2015 budget

ROME, Nov 23 - The European Commission will give the green light to Italy's 2015 budget and re-examine in March whether promised reforms have been made to boost the ailing economy, main Italian news outlets said on Sunday.

UPDATE 2-Putin says Russia not isolated over Ukraine, blames West for frosty ties

* Does not rule out seeking presidency again in 2018 (Adds more quotes, detail)

Markets, Energy 8:01am EST

UPDATE 1-Pakistan picks banks to hold dollar sukuk roadshows, will start Monday

* Benchmark-sized sukuk to follow (Adds details, background)

Stocks, IPOs, Markets, Financials 5:23am EST

Putin says Russia is not isolated - TASS

MOSCOW, Nov 23 - President Vladimir Putin said Moscow was not and would not be isolated on the international scene and dismissed the risk of "catastrophic consequences" for the Russian economy of Western sanctions combined with a oil price fall and rouble slide.

Markets, Energy 4:31am EST

Putin stands by hawkish Russian central bank - for now

MOSCOW, Nov 23 - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

China's rate-cut likely to hurt banks, curb new loans to small borrowers

SHANGHAI, Nov 22 - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Markets, Stocks, Financials 22 Nov 2014

Rouble decline to continue for two years -Russian ex-minister

MOSCOW, Nov 22 - Russia's rouble, which has fallen almost 30 percent against the dollar this year, will continue to decline over the next two years, Interfax news agency quoted former Finance Minister Alexei Kudrin as saying on Saturday.

U.S. judge blocks New Jersey sports betting law

Nov 21 - A U.S. federal judge on Friday blocked a New Jersey law that would have allowed legal betting on sporting events at some places in the state.

UPDATE 3-Illinois pension reform law tossed by state judge

CHICAGO, Nov 21 - A judge ruled on Friday that an Illinois law aimed at easing the state's huge unfunded pension liability is unconstitutional, handing a victory to labor unions and state retirees who challenged the law and an initial defeat to the state's efforts to fix its sagging finances.


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