Mirroring Cleveland, not Mountain View, Calif., may be a more realistic way for developing economies to encourage entrepreneurship.» Read More
*To cost Indonesia $1.6 bln in lost revenue, or 0.6 pct of GDP growth next year. JAKARTA, Dec 12- Freeport McMoRan Copper& Gold warned that Indonesia's plan to ban mineral exports from next month would cut the firm's revenues in the country by 65 percent, costing Southeast Asia's biggest economy $1.6 billion in lost revenue next year.
*Protest leaders wants to meet police, army chiefs. BANGKOK, Dec 12- Anti-government protesters in Thailand pinned their hopes on winning support from the powerful security forces on Thursday as they push to oust Prime Minister Yingluck Shinawatra and install an unelected administration.
BANGKOK, Dec 12- Anti-government protesters in Thailand pinned their hopes on winning support from the powerful security forces on Thursday to take forward a campaign to oust Prime Minister Yingluck Shinawatra and install an unelected administration.
DELHI/ MUMBAI, Dec 12- Symbols of India's emergence as an economic powerhouse line the four-lane highway to Jaipur out of New Delhi: a factory owned by the world's biggest motorbike maker, glass towers housing global call centres, shopping malls for India's burgeoning middle class.
WASHINGTON, Dec 11- Nineteen people and companies in Europe and Asia acted as middlemen for Iranian airline Mahan Air, helping it procure supplies from the United States in violation of U.S. sanctions, the U.S. Commerce Department said on Wednesday.
Dec 11- Fortis Inc has reached a friendly deal to buy Arizona- focused utility UNS Energy Corp for about $2.5 billion in cash, the Canadian power company said on Wednesday, as it looks to expand its presence in the United States.
Dec 11- Canadian power company Fortis Inc said it agreed to buy utility firm UNS Energy Corp for about $2.5 billion in cash to expand its presence in the United States.
Dec 11- CytRx Corp said its experimental cancer treatment improved survival rates in untreated soft tissue sarcoma patients without the disease progressing, compared with standard chemotherapy alone, sending the company's shares up as much as 83 percent.
LONDON, Dec 11- Oil rose above $109 a barrel on Wednesday, erasing earlier losses after closely-watched U.S. inventory data showed the biggest draw on crude oil stocks this year.
Autohome, controlled by Australian phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range. Telstra, which sees Asia as a growth market, got control of Autohome in 2008, when it bought a majority stake in the company that owned the auto website and two technology retail websites.
Dec 11- Shares of Autohome Inc, an owner of Chinese auto websites, rose as much as 83 percent in their U.S. market debut, valuing the company at about $3.2 billion. Autohome, controlled by Australia's largest phone company Telstra Corp Ltd, raised $133 million after its initial public offering was priced at $17 per share, above the expected range.
Dec 11- The U.S. Food and Drug Administration said it planned to phase out the use of some antibiotics in animals used for food, to prevent bacteria from becoming resistant to drugs used to treat humans.
ISTANBUL, Dec 11- Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank official said on Wednesday.
*Majority expect Fed to begin tapering in March. WASHINGTON, Dec 11- U.S. growth is set to accelerate in 2014, giving the Federal Reserve room to start dialing back its massive monetary stimulus, certainly by March, according to a Reuters poll.
Dec 11- Shares of Avanir Pharmaceuticals Inc fell 17 percent in premarket trading on Wednesday, a day after the company said its experimental drug failed to reduce pain in patients with multiple sclerosis. Avanir also reported fourth-quarter results that fell shy of Wall Street estimates.
Dec 11- CytRx Corp said its experimental cancer drug improved survival rates in soft tissue sarcoma patients without the disease progressing, compared to chemotherapy alone, sending its shares up 75 percent before the bell. The treatment was found to be safe and well-tolerated, the CytRx said on Wednesday. CytRx's shares were trading at $3.94 before the bell.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil edged down below $109 a barrel on Wednesday, shrugging off forecasts of surging global demand from the west's energy watchdog, while the market awaited U.S. data that is expected to show a drop in crude stockpiles.
Dec 11- Mining equipment maker Joy Global Inc forecast 2014 earnings below analysts' estimates after reporting a quarterly profit that fell short of expectations as miners cut spending. Coal miners, who account for about two-thirds of Joy Global's revenue, have cut back on buying equipment as they struggle with a supply glut and weak prices.
*Spot Q1 premiums could hit 5- year highs of $250- 280/ T. HONG KONG/ SINGAPORE, Dec 11- Copper users in top consumer China are braced to pay higher premiums to procure metal and global exchange stocks have slumped to five-year lows, flagging tight supply that some traders expect to stretch out into next year.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil held steady above $109 a barrel on Wednesday, shrugging off predictions from the West's energy watchdog of rising global demand as the market awaited U.S. data that is expected to show a drop in crude stockpiles.