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  • US STOCKS-Global demand worries drag Wall St lower Tuesday, 9 Dec 2014 | 11:30 AM ET

    NEW YORK, Dec 9- U.S. stocks were sharply lower on Tuesday as investors shunned risk over concerns about the impact of lower oil prices on the global economy and political turmoil in Greece. "You've seen some real volatility in everything from energy to currencies and it's had a bit of a spillover effect on the market as people try to think about the impact of these...

  • US wholesale stockpiles up 0.4 percent in October Tuesday, 9 Dec 2014 | 10:07 AM ET

    WASHINGTON— Stockpiles held by wholesale businesses rose in October, while sales posted a smaller gain. Stockpiles at the wholesale level increased 0.4 percent, matching September's figure, the Commerce Department reported Tuesday. The October gain in stockpiles pushed inventories at the wholesale level to a seasonally adjusted $542 billion in October, an...

  • WASHINGTON, Dec 9- U.S. wholesale inventories rose more than expected in October, which could prompt economists to raise their growth forecasts for the fourth quarter. The Commerce Department said on Tuesday wholesale inventories increased 0.4 percent after an upwardly revised 0.4 percent gain in September. Economists polled by Reuters had expected stocks...

  • Ahead of the Bell: US wholesale inventories Tuesday, 9 Dec 2014 | 6:37 AM ET

    WASHINGTON— The Commerce Department reports on wholesale stockpiles in October. The report is scheduled for release at 10 a.m. EST Tuesday. STOCKPILES STEADY: The expectation of economists polled by the data firm FactSet is that stockpiles held by wholesale businesses was unchanged in October, and that sales by these businesses slipped 0.1 percent.

  • LONDON, Dec 9- Aluminum dropped to multi-month lows in London and Shanghai on Tuesday on concerns over excess supply while other base metals fell ahead of expected weak economic data from top metals consumer China. "We could see some headlines today or tomorrow from the conference," said Xiao Fu, head of commodity market strategy at Bank of China International in...

  • SYDNEY, Dec 9- Shanghai aluminum plumbed its lowest level since March on Tuesday as growing overcapacity and the shaky outlook for Chinese demand curbed buying that had already begun to wane towards year-end. "Supply is growing steadily, with new capacity and idled plants," said analyst Paul Adkins of consultancy AZ China in Beijing. The most traded February...

  • SYDNEY, Dec 9- Shanghai aluminum plumbed its lowest since May on Tuesday, as growing overcapacity and a shaky demand outlook in China curbed buying that had already begun to wane towards year-end. *The most-traded February aluminum contract on the Shanghai Futures Exchange had fallen 0.3 percent to 13,360 yuan a tonne by 0137 GMT. *U.S. aluminum imports in October...

  • SINGAPORE, Dec 9- Gold gave up some of its overnight gains on Tuesday as the dollar recovered from losses and oil prices weakened, dulling the metal's appeal as a hedge. *Spot gold had slipped 0.2 percent to $1,200.26 an ounce by 0036 GMT. *Gold jumped more than 1 percent on Monday on a brief surge of late-day technical buying as it breached the $1,200- per-ounce level...

  • *U.S. crude for January delivery dropped as low as $62.25 a barrel, before trading at $62.88 by 0017 GMT, down 15 cents. *Iraq has cut the official selling price to Asia and the United States in January for its main crude oil export grade, Basrah light, but raised the OSP slightly to Europe. *The move follows a sharp reduction to Saudi Arabia's crude oil OSPs to Asia and the...

  • *China releases host of data, to show speed of slowdown. BRUSSELS, Dec 7- The guessing game over the timing of euro zone money printing will intensify as the European Central Bank unveils a closely watched gauge of policy in the coming week, the highlight of a calendar dominated by Europe's malaise. "The key story is going to be in the euro zone," said James Knightley,...

  • *Expects 2015 profit of $3.00- $3.15/ share vs $2.94 last year. *Posts fourth-quarter profit of $1/ share vs estimates of $1.07. The company's printwear business sells plain T-shirts, fleece, and sport shirts mainly to wholesale distributors and screen printers in North America, Europe and Asia Pacific.

  • TOKYO, Dec 3- Japan's auto recall enforcement division, whose 16 members work from a cramped office on the eighth floor of the transport ministry building in Tokyo, only found out about safety issues with Takata Corp air bags in late-2008- more than three years after the company says it first learned of problems. The ministry, which doubles as Japan's safety...

  • US STOCKS-Wall St little changed near record; banks slip Wednesday, 12 Nov 2014 | 12:30 PM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 0.8...

  • US STOCKS-Wall St slips from latest record; banks fall Wednesday, 12 Nov 2014 | 11:27 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup, which will pay $1.02 billion to settle the probe, dipped 1.4...

  • U.S. wholesale inventories rise modestly in September Wednesday, 12 Nov 2014 | 10:00 AM ET

    WASHINGTON, Nov 12- U.S. wholesale inventories rose more that expected in September but the government revised downward its initial estimates for growth in stocks during August, which suggests little impact on current views of economic growth in the third quarter. The Commerce Department said on Wednesday wholesale inventories increased 0.3 percent...

  • METALS-Copper steadies in narrow range, supplies in focus Wednesday, 12 Nov 2014 | 6:10 AM ET

    *Copper down 9 percent year-to-date. LONDON, Nov 12- Copper prices held steady on Wednesday, remaining locked in a sideways trading range, as lacklustre demand and expectations of more supplies next year capped gains. Copper has stayed in a narrow range between $6,500 and $6,800 since mid-September, and some analysts expect prices could weaken further towards...

  • METALS-London copper little changed after U.S. holiday Tuesday, 11 Nov 2014 | 9:07 PM ET

    SYDNEY, Nov 12- London copper was barely changed on Wednesday, after gaining about half a percent in the previous session when U.S. markets were shut for a holiday, while zinc prices were underpinned by a strike at a Peruvian mine. *Prices have traded in a narrow $300 band of around $6,500- $6,800 since mid September as modestly growing demand is met by ample supply.

  • SINGAPORE Nov 12- U.S. crude futures fell on Wednesday as the dollar held close to a seven-year high, but tensions in Ukraine and the Middle East helped keep prices for the commodity above $77 per barrel. *The survey was taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy...

  • SINGAPORE, Nov 12- Gold retreated from sharp overnight gains early on Wednesday as the U.S. dollar edged closer on a four-year high. Gold has struggled to hold rallies with the dollar close to multi-year highs and big outflows from bullion funds. *Spot gold fell 0.2 percent to $1,161.60 an ounce by 0044 GMT, after gaining 1.2 percent on Tuesday from a softer dollar.

  • *Royal Canadian Mint on allocation from September. SINGAPORE/ NEW YORK, Nov 5- A tumble in silver prices to four-year lows has triggered a global scramble by consumers to purchase silver coins and bars as the metal has reached its cheapest level relative to gold in more than five years. Retailers and distributors in Asia and the United States said they were...