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  • Malaysia Airlines apologizes for tweet, posts loss Friday, 28 Nov 2014 | 6:11 AM ET

    KUALA LUMPUR, Malaysia— Malaysia Airlines on Friday said its loss widened last quarter and apologized for a promotional tweet slammed as insensitive after two deadly passenger jet disasters this year. The airline's business has suffered after a Malaysia Airlines jet with 239 people on board, mostly from China, went missing March 8 while en route to Beijing.

  • *Brent Crude set for 16 pct drop in November. LONDON, Nov 28- Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from...

  • SHANGHAI, Nov 28- Hong Kong shares ended November slightly down, despite an ongoing rally in mainland indexes and in Hong Kong- listed Chinese companies. The A-H share premium index, measuring the difference in price between dual-listed firms in Hong Kong and Shanghai stood at 106.68 at the close, its highest level since August 2013. Chinese investment flowing...

  • SHANGHAI, Nov 28- China stock indexes rose for the seventh straight session on Friday and posted their biggest monthly gains in nearly two years, led by banking shares on speculation that a deposit insurance scheme would be unveiled soon. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent to 2,808.82 points, the highest...

  • HONG KONG, Nov 28- Hong Kong shares finished down on Friday, shrugging off a massive rally in mainland shares as rumours swirled about the launch of deposit insurance regulations for mainland banks. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, unchanged at HK $0.02 South East Group, up 28.4 percent to HK $0.29 and Bank Of...

  • SHANGHAI, Nov 28- China indexes rose for the seventh straight session on Friday and produced their biggest monthly gains in nearly two years, thanks to a surge after Beijing's surprise rate cut. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent to 2,808.82, the highest level since September 2011, while the Shanghai...

  • *Most Asian shares skid, but Japan, China buck downtrend. TOKYO, Nov 28- Oil prices seized the Asian spotlight on Friday, as related shares and currencies plunged in the wake of OPEC's decision to refrain from cutting output despite a supply glut. With U.S. markets shut on Thursday for the Thanksgiving holiday, investors focused on the Organization of Petroleum...

  • Oil plunge is threat and boon to global economies Friday, 28 Nov 2014 | 1:56 AM ET

    The latest slide follows OPEC's decision to leave its production target at 30 million barrels a day. U.S. crude oil slid 7.9 percent to $67.94 a barrel on Friday and is down 37 percent since hitting $107 in June. Tom Kloza, chief oil analyst at the Oil Price Information Service, expects the price to fall by another $5 or $10 a barrel before stopping.

  • Australia out of step with new climate momentum Friday, 28 Nov 2014 | 1:24 AM ET

    CANBERRA, Australia— Australian Prime Minister Tony Abbott, who rose to power in large part by opposing a tax on greenhouse gas emissions, is finding his country isolated like never before on climate change as the U.S., China and other nations signal new momentum for action. For a nation of just 23 million, Australia has played a significant role in past talks, but...

  • SHANGHAI, Nov 28- China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months. The People's Bank of China fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix. Chinese oil firms- mainly PetroChina and Sinopec Corp- are primary dollar...

  • SHANGHAI, Nov 28- China stocks rallied for the seventh straight session on Friday and looked headed for their biggest monthly gain in nearly two years as a surprise interest rate cut and hopes of further policy easing re-ignited demand for mainland shares. Investors had snapped up shares in the lead-up to the launch of the Shanghai- Hong Kong stock connect...

  • SINGAPORE, Nov 28- London copper slid to an eight-month low on Friday, heading for its biggest weekly loss since March, as a rout in oil triggered selling across commodities while worries over slowing global growth also pressured prices. *Three-month copper on the London Metal Exchange fell 0.9 percent to $6,497 a tonne by 0238 GMT, after settling down slightly in...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • LONDON, Nov 27- Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copper on the London Metal Exchange, untraded at the close, was bid at $6,555 a tonne, down 0.2...

  • *Oil hits $70 a barrel as OPEC shuns cut. LONDON, Nov 27- Oil hit four-year lows around $70 a barrel on Thursday and commodity currencies were sent tumbling, as OPEC resisted the temptation to cut back production following the more than 30 percent plunge in prices since June. The meeting had lasted over five hours and as the decision emerged both Brent and U.S. crude...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • BEIJING, Nov 27- China's central bank has drawn up plans for the introduction of an insurance system for bank deposits, and the draft rules could be announced soon, three sources with knowledge of the matter said on Thursday. China has considered insuring savers' deposits for around two decades, but the plans took on new urgency in the past year as the country sought...

  • *China official PMI seen at 50.6 vs 50.8 in October. BEIJING, Nov 27- Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel...

  • *Oil prices near 4- year low as OPEC output cut hopes fade. LONDON, Nov 27- Fading hopes of a meaningful cut in production at Thursday's OPEC meeting sent oil prices tumbling to a four-year low as Thanksgiving in the United States saw world stocks touch the brakes on their recent rally. OPEC sources have told Reuters action is unlikely and Brent oil dropped by more...

  • 'The stage is set' for higher equities in Japan     Thursday, 27 Nov 2014 | 4:35 AM ET

    Central bank policies are a hot topic globally. Hans Goetti, head of Investment Asia at Banque Internationale à Luxembourg talks about the current state of China and Japan's economies.