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  • *Nigeria's currency in free fall due to oil slump. ABUJA, Jan 24- Food wholesaler Chioma Oluwaseun was sorting through the inventory in her warehouse to hike prices for imports, in line with a Nigerian currency that has lost a third of its value on unofficial "parallel markets" since last month. Even though the naira is plunging on the street, a result of the collapse of...

  • WASHINGTON, Jan 8- U.S. wholesale inventories fell more than expected in November amid a push by businesses to reduce a stockpile of unsold goods, the latest indication that economic growth moderated sharply in the fourth quarter. The Commerce Department said on Friday wholesale inventories dropped 0.3 percent as inventories of both durable and nondurable...

  • SYDNEY, Jan 8- U.S. corn edged lower on Friday, with the grain set to post its third consecutive weekly loss as weaker demand for U.S. supplies in the wake of bumper South American exports pushed prices to a near seven-month low. *The USDA reported on Thursday that export sales of U.S. corn in the week to Dec. 31 were 252,900 tonnes, below analysts' expectations for 400,000...

  • MELBOURNE, Jan 8- London copper sank to near its weakest since mid-2009 on Tuesday after an equity rout this week jangled nerves over Beijing's ability to revive its shuddering economy, casting a pall over the demand outlook from the world's top user of metals. *Three-month copper on the London Metal Exchange had eased 0.3 percent to $4,511 a tonne by 0105 GMT,...

  • LONDON, Dec 23- Traffic on the U.S. rail network continues to weaken in a sign of the slowdown spreading across the industrial economy and efforts by firms to reverse the unplanned build up of inventories throughout the supply chain. The number of railcars and containers carried by the major railroads was down 8 percent last week compared with the same week a year...

  • Dec 22- An outbreak of E. coli linked to rotisserie chicken salad sold by warehouse club operator Costco Wholesale Corp appears to be over, the U.S. Centers for Disease Control said on Tuesday. The Costco outbreak was initially traced to a celery-and-onion mix made by Taylor Farms Pacific Inc used in making the chicken salad. Products were recalled from chains...

  • One of those plants allegedly supplied a subsidiary of Thai Union, AP reported. "Any illegal or unethical labour practices are unacceptable to Thai Union," the company's Chief Executive Thiraphong Chansiri said in the statement. Thai Union, which counts Wal-Mart and Costco Wholesale Corp among buyers, said last week it had decided to stop working with external...

  • WASHINGTON, Dec 11- U.S. retail inventories excluding automobiles rose in October, suggesting inventories could be less of a drag on fourth-quarter growth than previously thought. Inventories are a key component of gross domestic product. Retail inventories excluding autos, which go into the calculation of GDP, increased 0.4 percent in October after an...

  • WASHINGTON, Dec 10- U.S. economic growth for the third quarter is likely to be revised lower after data on Thursday showed a bit less spending on services and software than previously estimated. Based on the QSS data, economists at Barclays and JPMorgan estimated another one-tenth of a percentage point would be subtracted from the GDP estimate.

  • LONDON, Dec 10- Travel giant TUI Group is likely to sell its Hotelbeds unit but is not considering a sale of its specialist holiday brands, Peter Long, joint-chief executive of the company told reporters on a call on Thursday. TUI said in May that Hotelbeds, the biggest business-to-business accommodation wholesaler, was the subject of a strategic review.

  • WASHINGTON, Dec 9- U.S. wholesale inventories fell in October as businesses stepped up efforts to reduce stockpiles of unsold merchandise, suggesting inventories would again be a drag on growth in the fourth quarter. The Commerce Department said on Wednesday wholesale inventories slipped 0.1 percent as stocks of both durable and nondurable goods fell.

  • WASHINGTON, Dec 9- U.S. wholesale inventories fell in October as businesses stepped up efforts to reduce the stockpile of unsold merchandise, suggesting inventories would again be a drag on growth in the fourth quarter. The Commerce Department said on Wednesday wholesale inventories slipped 0.1 percent as stocks of both durable and nondurable goods fell.

  • *Dow Chemical, DuPont jump on merger talks. *Yahoo up after shelving Alibaba spinoff plans. Dow Chemical was up 11.4 percent at $56.70 while DuPont jumped 10 percent to $73.26, after reports that the companies are in talks to merge.

  • *China's November CPI up 1.5 pct vs 1.3 pct in October. *Yahoo up after shelving Alibaba spinoff plans. Dec 9- Wall Street looked set to open little changed on Wednesday after China's consumer inflation rose slightly but remained under the government's 3 percent target for the year and oil prices stabilized after two days of bruising sell-off.

  • *China's November CPI up 1.5 pct vs 1.3 pct in October. *Yahoo up after shelving Alibaba spinoff plans. Dec 9- Wall Street looked set to open little changed on Wednesday after China's consumer inflation rose slightly but remained under the government's 3 percent target for the year and oil prices stabilized after two days of bruising sell-off.

  • Dec 9- U.S. stock index futures were little changed on Wednesday after China's consumer inflation rose slightly but remained under the government's 3 percent target for the year and commodity prices stabilized. *Data showed China's November consumer price index surprised on the upside, rising 1.5 percent on-year from 1.3 percent in October.

  • MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling, but hopes grew it could support industrial metals after it flagged export tax cuts on some steel products. *China's trade performance remained weak in November, casting doubt on hopes that the world's second-largest...

  • SYDNEY, Dec 9- U.S. soybeans rose for the first time in three sessions on Wednesday, with traders squaring positions ahead of a widely watched U.S. Department of Agriculture report expected to show lower U.S. production. *Wheat is under pressure from tepid demand for U.S. supplies and improving crop conditions in the United States and the Black Sea region.

  • SINGAPORE, Dec 9- Gold clung to small overnight gains on Wednesday, supported by softness in the dollar, but the metal's upside was limited as investors anticipated a Federal Reserve rate hike next week. *Spot gold was little changed at $1,075.20 an ounce by 0042 GMT, after rising 0.4 percent on Tuesday as the dollar slid against a basket of major currencies.

  • Dec 8- A U.S. federal agency has yet to identify the source of an E. coli outbreak that sickened at least 19 people in seven states who may have been infected after eating rotisserie chicken salad sold at Costco Wholesale Corp.. A U.S. Food and Drug Administration laboratory analysis did not confirm the presence of E. coli in a sample of celery and onion mix collected...