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  • SAO PAULO, Nov 21- Brazil's JBS SA, the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia. JBS hopes to increase sales to South Korea, Singapore, Hong Kong and China, where it is already the biggest protein supplier, Chief Executive Officer Wesley...

  • METALS-Prices rally after China cuts interest rates Friday, 21 Nov 2014 | 6:22 AM ET

    *China cuts benchmark rates for first time in two years. LONDON, Nov 21- Metals prices rose on Friday after China cut benchmark interest rates in a bid to jumpstart its economy, while expectations of raw material scarcity gave a further lift to nickel which hit a five-week high. Three-month copper on the London Metal Exchange hit a session high of $6,748 a tonne...

  • RUESCHLIKON, Switzerland, Nov 21- The Swiss National Bank is prepared to buy euros for francs when the exchange rate hits 1.20, a board member said on Friday, but the bank was silent about whether it has already been forced to do so to protect its cap on the safe-haven currency. "What we have to ensure is that in all foreign exchange markets- from Sunday night in Sydney to...

  • *China bonded copper premiums slip $5 to $60- $70. SYDNEY, Nov 21- London nickel climbed to a five-week top on Friday, on track for its biggest weekly gain since early May, as Chinese stainless steel mills used up ore stockpiles amid a disruption in supplies from the Philippines. China's mills have been supplementing their nickel ore stocks with shipments from the...

  • SINGAPORE, Nov 21- Brent briefly rose to $80 a barrel on Friday on speculation OPEC could agree to output cuts at its meeting next week, with strong U.S. economic data also bolstering oil prices. Libya, Ecuador and Venezuela earlier called for OPEC to cut production. Iran urged fellow OPEC members to shore up oil prices while saying a reduction in output was unlikely.

  • *China bonded copper premiums slip $5 to $60- $70. SYDNEY, Nov 21- London nickel rose on Friday and was on track for a five percent weekly rise as Chinese stainless steel mills used up ore stockpiles amid a disruption in supplies from the Philippines. China's mills have been supplementing their nickel ore stocks with shipments from the Philippines after Indonesia,...

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • LONDON, Nov 20- Copper slipped on Thursday as weak Chinese manufacturing data plus slower business growth in the euro zone raised concerns about global growth. Surveys showed euro zone businesses grew less quickly than any forecaster had expected while China and U.S. factories lost momentum. Copper trimmed its losses and other metals went into positive...

  • LONDON, Nov 20- The dollar eased off a seven-year peak just shy of 119 yen on Thursday ahead of data that is expected to show U.S. consumer prices moderating as deflationary forces take hold across the globe. The dollar earlier romped as far as 118.98 yen, its highest since August 2007, after minutes from the Federal Reserve suggested the United States is still...

  • LONDON, Nov 20- Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage. In top metals consumer China, growth in its vast factory sector stalled in November, with output contracting for the first time in six months,...

  • The China flash HSBC/ Markit manufacturing purchasing managers' index showed factory output contracted in the world's second-biggest economy for the first time in six months.. In Europe signs were just as gloomy as the private sector in its biggest economy, Germany, grew at the slowest rate in 16 months, and in France a slight pick-up was overshadowed by the...

  • LONDON, Nov 20- The dollar powered to a seven-year peak just shy of 119 yen on Thursday after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year, in stark contrast to Japan's ultra-loose policy outlook. The greenback last traded at 118.63 yen, 0.6 percent higher on the day and up around 9 percent since the Bank of...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of an OPEC meeting next week. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • China: Australia trade deal won't hurt New Zealand Thursday, 20 Nov 2014 | 1:27 AM ET

    WELLINGTON, New Zealand— Chinese President Xi Jinping said Thursday that his country's trade deal with Australia won't hurt neighboring New Zealand because demand from the world's No. 2 economy remains strong. China and Australia signed a preliminary free-trade deal earlier this week. Xi said people have been asking him if that will have a negative impact on...

  • *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting. According to Samir Kamal, Libya's OPEC governor and head of planning at the Libyan oil ministry, ministers from the oil producers' cartel will...

  • SYDNEY/ SINGAPORE, Nov 20- The yen slid on Thursday, striking seven-year lows against the dollar and a six-year trough versus the euro as speculators poured into carry trades funded by a tide of super-cheap liquidity from the Bank of Japan. The dollar romped as far as 118.64 yen, its highest level since August 2007. The greenback last traded at 118.62 yen, up 0.6...

  • METALS-London nickel hits 5-week high as shortfall eyed Wednesday, 19 Nov 2014 | 10:59 PM ET

    *Coming up: euro zone Markit flash mfg PMI at 0900 GMT. SYDNEY, Nov 20- London nickel hit a five-week high on Thursday on expectations of a shortage of ore in China, as stainless steel makers run down their raw material stockpiles following an Indonesian ban on ore exports. "The chances of a supply gap are fairly high... but I don't think it's going to be as acute as consensus...

  • Brent sticks above $78 a barrel as market waits for OPEC Wednesday, 19 Nov 2014 | 10:50 PM ET

    *OPEC will cut production to 30 m bpd target- Libyan official. SINGAPORE, Nov 20- Brent crude held above $78 a barrel on Thursday as the market waited for news on possible cuts in oil output ahead of next week's OPEC meeting and a private survey showed China's factory output contracting for the first time in six months. According to Samir Kamal, Libya's OPEC governor...

  • *MSCI Asia index excluding Japan slips 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent, briefly touching a three-week low. The China flash HSBC/ Markit manufacturing purchasing managers' index published on Thursday showed factory output contracted in the world's third-biggest economy for the first time in six...

  • *MSCI Asia index excluding Japan slips 0.3 percent. TOKYO, Nov 20- Asian mostly stocks fell on Thursday apart from Tokyo, where shares bucked the downward trend and rose in reaction to a further weakening in the yen. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, with an extended decline in oil and other commodity prices continuing to...