HONG KONG, May 20- Shares of China Mengniu Dairy Co Ltd surged 8.6 percent to a 17- month high on Monday after the Chinese dairy products maker said Danone Group would invest in the company and team up in developing yoghurt products in China.» Read More
*Barry Callebaut flags up to 25 mln Sfr integration costs. ZURICH, Dec 12- Barry Callebaut said on Wednesday it would buy the cocoa ingredients business of Singapore- based Petra Foods for $950 million in cash, making the Swiss firm the world's largest processor of cocoa.
NEW DELHI, Dec 12- India's government announced an inquiry into lobbying practices by Wal-Mart Stores Inc. on Wednesday after a report that the giant retailer had pressed U.S. lawmakers to help gain access to foreign markets.
TOKYO, Dec 12- Japan's Nikkei average climbed to its highest closing level in nearly eight months on Wednesday, led by exporters as persistent speculation that a likely new government would pressure the central bank to take bolder policy weighed on the yen.
*OPEC cuts output in November, closer to quota. SINGAPORE, Dec 12- Brent crude held above $108 a barrel on Wednesday as OPEC pumped less oil last month, although rising output from the United States and uncertainty about its budget for next year limited price gains.
Financial spreadbetters predicted Britain's FTSE 100 to open 5 to 7 points higher, or as much as 0.1 percent, Germany's DAX to gain 20 to 25 points, or as much as 0.3 percent, and France's CAC 40 to rise 16 to 19 points, or as much as 0.5 percent.
NEW DELHI, Dec 12- A big surge in manufacturing output pushed India's industrial growth to its highest in more than a year in October, a sign that Asia's third largest economy may have turned a corner that strengthens the central bank's case against a rate cut.
*MSCI Asia ex- Japan at 16- month peak, Nikkei at near 8- mth high. European shares were expected to climb, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX will open as much as 0.4 percent higher. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 percent to a 16- month peak.
AUCKLAND, Dec 12- U.S.-led talks in New Zealand on a free trade deal for the Asia-Pacific region have made some progress but have a long way to go to reach a pact to dismantle entrenched trade barriers by the end of next year, the negotiators said on Wednesday.
TOKYO, Dec 12- Japan's Nikkei average climbed to its highest closing level in nearly eight months on Wednesday, led by exporters, as persistent speculation that a likely new government would pressure the central bank to take bolder policy weighed on the yen.
*18 pct already finished shopping- Reuters/ Ipsos poll. Dec 12- Most Americans are nowhere close to having their holiday shopping done, a new Reuters/ Ipsos poll shows, raising hope there could be a big boost in sales during the last two weeks before Christmas.
*Detailed U.S. revenue accounting rules going away. *Change is part of effort to meld US, international rules. NEW YORK, Dec 12- The scandal at Autonomy, a UK software group bought last year by Hewlett-Packard Co, has some accountants wondering about the wisdom of new, global standards in the pipeline that would change how companies account for revenue.
NEW YORK, Dec 12- U.S. stocks rose and the euro rallied against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus as contentious U.S. budget talks heightened uncertainty about the economic outlook.
*Determined c.bank intervention restores dollar demand. SHANGHAI, Dec 12- China's yuan stayed well clear of its top-end limit for the first time in nearly three weeks on Wednesday, as traders say forceful central bank intervention has restored dollar demand to the market and broken a six-week deadlock that had decimated trading volumes.
*Canada says could still buy the F-35. OTTAWA, Dec 12- Canada will make an announcement on its search for new fighter jets at 3:15 eastern time on Wednesday, the public works ministry said in a statement. They said it was still possible that Ottawa would eventually decide to buy the F-35, dismissing reports Canada had decided to walk away from the jet.
NEW YORK/ LONDON, Dec 12- Raw sugar futures on ICE slipped to the lowest level in more than two years on Wednesday and cocoa jumped as the spot contract trading on Liffe expired, with dealers anticipating a small delivery.
*Economists say UK already braced for low rates. LONDON, Dec 12- Bank of Canada Governor Mark Carney has offered a glimpse of the policy ideas he might bring to the Bank of England when he takes over as governor next year- potentially opening a rift with current BoE rate-setters.
NEW YORK, Dec 12- A six-month electricity trading ban imposed on JPMorgan Chase& Co. by federal energy regulators is "not that big a deal," Chief Executive Jamie Dimon said on Wednesday. "I'm not worried about it," Dimon said at The New York Times Dealbook Conference in New York. Dimon said JPMorgan would continue to fight the ban, which he said was wrongly imposed. "
NEW YORK, Dec 12- U.S. stocks added slightly to gains after the Federal Reserve announced plans to ramp up its stimulus to the economy. The Dow Jones industrial average was up 23.73 points, or 0.18 percent, at 13,272.17. The Nasdaq Composite Index was up 0.20 point, or 0.01 percent, at 3,022.50.
*Fed keeps to $85 bln pace of monthly purchases. WASHINGTON, Dec 12- The Federal Reserve ramped up its stimulus to the economy on Wednesday, expressing disappointment with the pace of recovery in employment as contentious U.S. budget talks heighten uncertainty about the outlook.
Dec 12- Pfizer Inc will pay $55 million plus interest to settle charges that Wyeth promoted its acid reflux drug Protonix for unapproved uses and made unproven claims about the medicine, the U.S. Department of Justice said on Wednesday.