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  • *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...

  • TOKYO, Nov 21- Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multiyear lows against the dollar and euro overnight. MSCI's broadest index of Asia-Pacific shares outside Japan was up slightly in early trade.

  • BRUSSELS/ LONDON, Nov 20- Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday, withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would...

  • LONDON, Nov 20- Bank boards must have a collective understanding of how much capital the bank needs and the way staff are paid rather than delegate all key decisions to committees, a Bank of England policymaker said on Thursday. Martin Taylor, a member of the BoE's Financial Policy Committee, said that in response to such failures in the past and to operate more...

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • NEW YORK, Nov 19- Citigroup Inc is considering a sale of its index business, two sources familiar with the situation said on Wednesday, making it the latest bank to think about jettisoning benchmarking amid increased regulatory scrutiny. About $174 billion in exchange traded fund and mutual fund assets track Citigroup indexes, according to Morningstar.

  • WASHINGTON, Nov 19- Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/ 2- year high, suggesting the housing market was still on a recovery path. The Commerce Department said on Wednesday groundbreaking for single-family homes, which account for more than two-thirds of the market, increased 4.2...

  • Nov 19- Shares of Paramount Group Inc rose as much as 5.7 percent in market debut, valuing the owner of San Francisco's landmark One Market Plaza building and Washington DC's Liberty Place at $4.51 billion. Paramount shares opened at $18.49 on the New York Stock Exchange and touched a high of $18.50. Founded in 1978 by German mail-order entrepreneur Werner Otto,...

  • LONDON, Nov 19- U.S. bank Citi has cut around 35 jobs across its capital markets trading operation in London, sources with knowledge of the changes said on Wednesday. Citigroup Inc said when it published third quarter results last month that it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as it seeks to cut persistently high costs.

  • UPDATE 1-Brent steady below $79 as divisions in OPEC grow Wednesday, 19 Nov 2014 | 1:13 AM ET

    *OPEC divided over response to drop in oil prices. SINGAPORE, Nov 19- Brent crude held steady below $79 a barrel on Wednesday as data showed Saudi Arabia increased crude exports in September despite signs of an oversupplied market and divisions between OPEC members appeared to grow ahead of a meeting next week. "I don't think the market believes it, and even if OPEC...

  • SINGAPORE, Nov 19- The yen hit a fresh seven-year low versus the dollar on Wednesday, staying on the defensive after Japanese Prime Minister Shinzo Abe decision to postpone a sales tax rise was read as supportive of risk sentiment. The safe haven yen slipped as investors held out hope for an economic recovery in Japan after Abe on Tuesday said he would postpone a...

  • Paramount owns prestigious properties such as San Francisco's One Market Plaza building and New York's 1633 Broadway. Paramount owns about 10.4 million square feet of office properties that generated an annualized rent of about $576 million, as of Sept. 30. Paramount plans to become a real estate investment trust after the offering.

  • Early Movers: HD, MDT, EA, ZTS, GPRO, IBM & more Tuesday, 18 Nov 2014 | 9:01 AM ET

    Some of the names on the move ahead of the open.

  • JAKARTA, Nov 18- Indonesia's central bank, moving quickly to contain inflation after the government raised fuel prices more than 30 percent, hiked its benchmark interest rate by 25 basis points to 7.75 percent on Tuesday. In his first major economic policy decision, President Joko Widodo on Monday night raised subsidised gasoline and diesel prices by more than...

  • TOKYO, Nov 18- The dollar held its own on Tuesday after European Central Bank officials raised the prospects of further stimulus steps and as investors waited to see if Japan's leader would call a snap election after the country unexpectedly slipped into recession. The dollar was steady on the day at 116.68 yen, within sight of its seven-year peak of 117.06 yen...

  • *New York state factory activity rebounds in November. WASHINGTON, Nov 17- U.S. manufacturing output rose in October, but a third straight month of declines in motor vehicle production hinted at some slowing in the pace of factory activity. "This is consistent with our outlook for continued manufacturing expansion in the fourth quarter, though at a more subdued...

  • SYDNEY, Nov 17- China's metals industry is grappling with tougher credit conditions that are likely to persist and spark consolidation after a portside financing scandal roiled the market, said an executive at one of the world's biggest commodity traders. Simon Collins, head of metals and minerals at Trafigura, said that miners, smelters and fabricators were...

  • SYDNEY, Nov 17- China's metals industry is grappling with tough credit conditions that are likely to persist and spark consolidation after a portside financing scandal roiled the market, said an executive at one of the world's biggest commodity traders. Simon Collins, head of metals and minerals at Trafigura, said that miners, smelters and fabricators were...

  • LONDON, Nov 16- Working out of a shared office near London's Euston station, Michael Kent is part of a revolution that may be driven on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, and more than 30 others in the United Kingdom are building on the success of firms like Western Union and MoneyGram...

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...