Australia's prime minister appointed Gary Gray, a former adviser to the country's largest oil and gas firm Woodside Petroleum, as resources minister on Monday.» Read More
LONDON, Dec 10- The euro swooped towards a two-week low and shares and Italian bonds fell on Monday, after Italian Prime Minister Mario Monti's decision to resign early triggered fears of a fresh bout of euro zone uncertainty.
SINGAPORE, Dec 10- London copper hit its highest in almost two months on Monday after data showed China's factory output growth accelerated to eight-month highs in November, but lingering worries that the euro zone may return to recession next year kept a lid on gains.
NEW DELHI, Dec 10- Chicago corn futures eased to a three-week low on Monday, extending losses for the third straight session, crimped by sluggish exports from top supplier the United States and expectations of higher inventory forecast Lower export demand would help U.S. corn stocks jump by 2.5 percent to 663 million bushels, a Reuters poll showed, up from the USDA's forecast of 647 million bushels.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Dec 10- If anybody is worried by the seeming weakness of China's November trade data, then the commodity numbers should help reinforce the view that the recovery in the world's number two economy is on track.
*Traders adjusting positions ahead of monthly USDA data. At the Chicago Board of Trade as of 10:45 a.m. CST, CBOT March corn was down 5-3/ 4 cents at $7.31- 1/ 2 per bushel. March wheat was down 11 cents at $8.50 a bushel and January soybeans were down 5 cents at $14.67- 1/ 4 a bushel.
*China's Nov refinery runs surge 9.1 pct on year to a record. China's crude imports rose to the second highest daily rate on record in November, providing further evidence of a sustained recovery after data over the weekend showed refinery runs in the country rose to a new high.
BEIJING, Dec 10- China's exports grew 2.9 percent in November from a year earlier, while imports were flat last month from a year ago, the Customs Administration said on Monday, both missing market expectations. Following is a breakdown of China's exports and imports in November with the country's biggest trade partners.: UNITED STATES.
SYDNEY, Dec 10- The euro came under pressure in Asia on Monday as the prospect of a recession in Germany and renewed concerns about Italy weighed on sentiment, while strong Chinese data helped support the Australian dollar.
SINGAPORE/ HONG KONG Dec 10- CNOOC's promise of transparency, pledged to win approval from Canada for its $15.1 billion purchase of Nexen Inc, looks like a positive step on the face of it but is unlikely to represent a sea change in Chinese business practices.
*Many leave Doha conference in despair. As thousands of delegates checked out of their air-conditioned hotel rooms in Doha to board their jets for home, some asked whether the U.N. system even made matters worse by providing cover for leaders to take no meaningful action.
SAN FRANCISCO, Dec 7- A landmark attempt to set global rules for overseeing the Internet threatened to fall apart on Friday as a rift pitting the United States and some Western countries against the rest of the world widened, participants in the talks said.
*Corn down 1.8 percent on dull demand, rising stocks. CHICAGO, Dec 7- U.S. corn futures fell to a 2-1/ 2 week low on Friday in the steepest slide in nearly a month, pressured by technical selling and concerns that stockpiles are growing as elevated prices blunt demand. But when we got to the top of the range, they dwindled, "said Don Roose, president of U.S. Commodities."
OTTAWA, Dec 7- Canada is restarting its search for new fighter jets but could still choose Lockheed Martin Corp's F-35, which Ottawa had initially said it would buy before losing enthusiasm as cost estimates soared, a government source told Reuters on Friday.
Dec 7- Glencore International Plc won approval from China's Ministry of Commerce for its C $6 billion purchase of Canadian grain handler Viterra Inc, clearing the last regulatory hurdle for the long-delayed deal. Shareholders of Viterra, which also has operations in South Australia, overwhelmingly accepted Glencore's offer of C $16.25 per share in May.
Dec 7- Glencore International Plc received approval from China's Ministry of Commerce for its C $6.1 billion acquisition of Canadian grain handler Viterra Inc, clearing the last regulatory hurdle for the long-delayed deal. Viterra shareholders overwhelmingly accepted Swiss-based Glencore's offer of C $16.25 per share in May.
*Gap Inc's Athleta targets 50 U.S. stores by end of 2013. TORONTO, Dec 7- When Lululemon Athletica Inc opened its first U.S. shop in 2003, its form-fitting yoga pants, free classes and Pacific Northwest vibe were a revelation to its new American customers. Montreal- based Lolë, Gap Inc's Athleta and others are expanding aggressively in the United States.
*China data expected to show growth recovery. LONDON, Dec 7- Oil edged above $107 a barrel on Friday supported by expectations of a recovery in Chinese economic growth, although concern about weakness in Europe and the United States kept prices on course for a weekly decline.
SINGAPORE, Dec 7- Brent crude steadied above $107 per barrel on Friday, but prices were headed for their biggest weekly loss in more than a month on worries about the euro zone economy and a looming fiscal crisis in the United States, the world's top oil consumer.
TOKYO, Dec 7- Asian shares touched fresh 16- month highs on Friday as investors awaited U.S. nonfarm payrolls data due later in the day, with sentiment underpinned by signs that China's economy is stabilising.
SINGAPORE, Dec 7- Brent crude steadied above $107 per barrel on Friday, but prices were headed for their biggest weekly loss since October on worries about the euro zone economy and a looming fiscal crisis in the United States, the world's top oil consumer.