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  • *China official PMI seen at 50.6 vs 50.8 in October. BEIJING, Nov 27- Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed. Industrial Bank Co. Ltd, in a research note, said consumption only showed good signs at an online "singles' day" promotion by Alibaba Group Holding on Nov. 11 and steel...

  • *Oil falls as market doubts OPEC production cut. NEW YORK, Nov 26- The dollar fell on Wednesday after disappointing U.S. home sales data, but global equity markets edged higher on hopes for more stimulus from the European Central Bank and the prospect that stocks are a better investment than other alternatives. The Commerce Department said sales gained 0.7...

  • PARIS, Nov 26- Some equity traders have been buying up' call' options on shares of oil majors ahead of Thursday's OPEC meeting, betting the cartel will spring a surprise cut in output to revive crude prices. The trade idea- which has very limited risk since it uses derivatives instead of buying shares- is a bet that sentiment towards the sector has become excessively...

  • NEW YORK, Nov 26- Benchmark U.S. Treasury Trading at Barclays in New York. The Commerce Department said consumer spending increased 0.2 percent last month, while economists polled by Reuters had forecast a 0.3 percent gain, and also said non-defense capital goods orders excluding aircraft declined 1.3 percent last month.

  • Delphi's Korean JV partner complicates unit sale -sources Wednesday, 26 Nov 2014 | 10:35 AM ET

    Delphi's Thermal Systems business has caught the eye of France's Valeo, Germany's Mahle and Japan's Denso and a sale could fetch more than $700 million. Delphi and South Korean companies Erae and Daewoo jointly hold a company called Kdac, which had sales of $1.2 billion in 2013, a quarter of which it generated in its heating, ventilation, and air conditioning...

  • WASHINGTON, Nov 26- U.S. consumer spending rose modestly in October and a key measure of business spending plans on equipment fell for a second straight month, suggesting some slowing in the pace of economic growth. I'm not reading anything incredibly negative into this, "said Michael Gapen, a senior economist at Barclays in New York. In a second report, the Commerce...

  • The purchases were part of a broad U.S. bond market rally in the wake of record low 10- year yields across Europe and a robust $35 billion five-year Treasuries note auction, analysts said. At 2:06 p.m. EST, 34,856 contracts of 10- year Treasury note futures for March 2015 delivery traded at a price of 126-9/ 32 and 18,950 contracts of March 2015 30- year Treasury...

  • VIENNA, Nov 25- Talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a growing oil glut on Tuesday, with no side saying they would lower output despite a collapse in prices. In a day of shuttle diplomacy ahead of OPEC's crucial output meeting in Vienna on Thursday, Russian and Mexican energy...

  • *Shuttle diplomacy heats up ahead of OPEC meeting. VIENNA, Nov 25- Saudi Arabia met fellow OPEC member Venezuela and oil powers Russia and Mexico in Vienna on Tuesday, as some of the world's largest crude producers engaged in last-minute shuttle diplomacy in a bid to convince OPEC kingpin Riyadh to support prices. Saudi has kept the market guessing about its...

  • Black Friday shopping catches on in UK Tuesday, 25 Nov 2014 | 10:18 AM ET

    LONDON— Halloween and Mother's Day have become staples of the U.K. shopping calendar. Online seller Amazon is widely perceived to have first introduced Black Friday deals to the U.K. in 2010. A steady slew of retailers joined the fray each year, with a significant jump in 2013, when the Asda supermarket chain, owned by Walmart, embraced the event.

  • VIENNA, Nov 25- Venezuela will discuss oil-market "coordination" with OPEC heavyweight Saudi Arabia and major oil producers from outside the group, Foreign Minister Rafael Ramirez said on Tuesday, as the Latin American country tries to rally support for action to boost prices. Riyadh has kept the market guessing about its response to crude's near 30 percent...

  • LONDON, Nov 25- Scott Wotherspoon runs a small tiling firm in Scotland. The 43- year-old borrowed about $4 million from Royal Bank of Scotland. He thinks he is due compensation for mis-selling, like thousands of other businesses that Britain's financial watchdog has ruled are eligible.

  • *Oil under pressure ahead of this week's OPEC meeting. LONDON, Nov 25- Bets on more central bank support kept European shares at a two-month high and the region's bond yields at record lows on Tuesday, as oil prices hovered at just under $80 a barrel ahead of an OPEC meeting this week. Asian stocks had dipped despite another record high for Wall Street overnight, and...

  • VIENNA, Nov 25- Russia's most powerful oil official, Igor Sechin, was due in Vienna on Tuesday for talks with OPEC members as the group's leader Saudi Arabia kept the market guessing about its response to flagging oil prices. Sechin, the head of state oil company Rosneft and a close ally of Russian President Vladimir Putin, is expected to meet OPEC officials amid...

  • LONDON, Nov 25- The yen rose on Tuesday after Bank of Japan minutes showed the hurdle to further quantitative easing was high and as the dollar struggled to make much headway before a second reading of U.S. growth data. The dollar last traded 0.3 percent lower at 117.96 yen, while the euro was down 0.4 percent at 146.44 yen. "We saw inflows from investors and exporters...

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices stumbled as traders lowered their expectation of a significant output cut at this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent after rallying in the...

  • FOREX-Euro steadies after German survey, Aussie slips Monday, 24 Nov 2014 | 10:30 PM ET

    SYDNEY/ TOKYO, Nov 25- The euro steadied on Tuesday after it rebounded against the dollar, thanks to a short squeeze that followed an encouraging improvement in German business sentiment. Further supporting the euro zone common currency, the head of the Bundesbank warned about the legal hurdles the European Central Bank would face if it went down the path of...

  • *Oil under pressure ahead of this week's OPEC meeting. TOKYO, Nov 25- Asian shares gave back some of their China- inspired gains on Tuesday, while oil prices slumped ahead of this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 percent after rallying in the previous session following China's surprise interest rate cut.

  • DETROIT, Nov 24- Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates...

  • *Sources say China ready to ease further after rate cut. SYDNEY, Nov 24- Asian share markets followed the dollar higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was matching 28- month lows in early trade having shed 1.2 percent on Friday when European...