Oil price rally likely short-lived as OPEC deal not enough to reduce glut

* Production cuts, if implemented, still not enough to

reduce glut

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Nokia-branded phones set for comeback in 2017 as HMD takes charge

HELSINKI, Dec 1 (Reuters) - Finland's Nokia on

Thursday announced that its deal with HMD Global Oy, a new

company formed to revive the Nokia brand in phones, has come

into force and that HMD has opened for business.

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European shares retreat from 3-week high; oil shares in demand

LONDON, Dec 1 (Reuters) - European shares fell on Thursday

in a broad-based sell-off, halting a two-day rally and

retreating from the previous session's three-week highs, led

lower by drops in TalkTalk and Elekta.

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UPDATE 1-Nestle touts new technology to reduce sugar in chocolate

LONDON, Dec 1 (Reuters) - Nestle, the world's

largest packaged food group, said it had devised a new

technology that has the potential to reduce sugar in some of its

confectionery products by up to 40 percent without affecting the

taste.

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Leviathan partners sign $2 bln Israeli power plant natgas deal

JERUSALEM, Dec 1 (Reuters) - The partners in the Leviathan

natural gas field off Israel's coast said on Thursday they

signed a deal worth about $2 billion to supply gas to Dalia

Power Engines.

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UPDATE 2-UK Stocks-Factors to watch on Dec 1

Dec 1 (Reuters) - Britain's FTSE 100 index is seen opening 1 point

higher on Thursday, according to financial bookmakers, with futures down 0.2

percent ahead of the cash market open.

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BRIEF-Stallergenes Greer secures 50 mln euro credit facility

* Stallergenes greer secures 50 million euro ($53.1 million)

revolving credit facility

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