NEW YORK, Dec 28- The euro edged lower against the dollar and yen on Friday as investors locked in recent gains, although it could trim losses if progress is made toward a last-minute deal in U.S. budget talks to avert tax hikes and spending cuts next year.
President Barack Obama will try to revive budget crisis talks which stalled last week when he returns to Washington on Thursday after cutting short his Christmas holiday in Hawaii.
NEW YORK, Dec 24- The dollar rose against major currencies on Monday, buoyed by uncertainty about U.S. budget talks, while the yen tumbled to a 20- month low after Japan's incoming prime minister stepped up pressure on the Bank of Japan to easy monetary policy.
*Abe to become Japan's prime minister on Wednesday. LONDON, Dec 24- The yen fell on Monday to trade near a 20- month low against the dollar after incoming prime minister Shinzo Abe heaped fresh pressure on the Bank of Japan to adopt a higher inflation target.
LONDON, Dec 24- World stock, commodity and currency markets were steady on Monday, with tensions over the U.S. budget dispute subdued by a holiday lull in Europe.
*Abe to become Japan's prime minister on Wednesday. LONDON, Dec 24- The yen fell on Monday to trade near a 20- month low against the dollar after incoming prime minister Shinzo Abe heaped fresh pressure on the Bank of Japan to adopt a higher inflation target.
*US judge in Los Angeles orders Chan Ming Fon held. Los Angeles Dec 21- A former Singapore banker accused of helping "liquidate" hundreds of millions of dollars in an accounting fraud at Japan's Olympus Corp was ordered to face charges in New York after he was arrested in Los Angeles on Thursday.
LONDON, Dec 21- Brent crude oil fell towards $109 per barrel on Friday after talks in the United States to avert a budget crisis stalled, reviving worries about demand in the world's biggest oil consumer. Brent dropped $1.45 to a low of $108.75 before recovering slightly to trade around $108.90 by 1442 GMT.
*Banks in Europe shrinking to meet tough capital rules. DUBLIN/ LONDON, Dec 21- Regulatory uncertainty is putting large banks off buying the assets of smaller rivals, complicating the sector's restructuring and giving hedge funds and private equity a golden opportunity to swoop in.
LONDON, Dec 21- Brent crude oil fell more than $1 per barrel towards $109 on Friday after talks in the United States to avert a budget crisis stalled, reviving worries about demand in the world's biggest oil consumer. Brent dropped $1.05 to a low of $109.15 before recovering slightly to trade around $109.35 by 1045 GMT.
*Chan Ming Fon to appear in court on Friday. SINGAPORE/ NEW YORK, Dec 21- A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in an accounting fraud at Olympus Corp, one of the biggest corporate scandals in Japan's history.
*Chan Ming Fon to appear in U.S. federal court on Friday. Dec 20- A former Singapore banker was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in the Olympus Corp accounting scandal, one of the biggest corporate frauds in Japan's history.
*Chan Ming Fon arrested in Los Angeles, to appear in US federal court. Dec 20- Banker Chan Ming Fon was arrested in Los Angeles on Thursday and accused of helping "liquidate" hundreds of millions of dollars in the Olympus Corp accounting scandal, one of the worst corporate frauds in Japan's history.
LONDON, Dec 20- Copper hit its lowest in almost a month on Thursday, pressured by a deadlock in talks to avert a fiscal crisis and by weak job data in the United States, but an upward revision of the country's growth data limited the fall.
LONDON, Dec 19- The euro rose to a 16- month high against the yen and an 8-1/ 2 month peak against the dollar on Wednesday, bolstered by better-than-expected German business confidence data.
*Record sugar output for Brazil 2013 crop expected. *Brazil farmers withhold coffee, hoping for higher prices. NEW YORK/ LONDON, Dec 18- Raw sugar on ICE finished barely changed on Tuesday after tumbling initially on a supply surplus, as the sweetener continued its bid to recover from the more-than-two-year lows in price set last week.
*Record sugar output for Brazil 2013 crop expected. *Brazil farmers withhold coffee in hope of higher prices. Societe Generale said the market faced resistance at 19.45- 19.55 cents per lb and would need to break above these levels to extend towards the next resistance seen at 19.95- 20.10 cents per lb.
*Scope for year-end demand to test March high near $1.34. According to a source, President Barack Obama was open to tax rate increases beginning at incomes above $400,000 instead of his previous proposal of $250,000. "
*Scope for year-end demand to test March high near $1.34. LONDON, Dec 18- The euro traded near a 7-1/ 2 month high against the dollar on Tuesday on signs of progress in talks to avert the U.S. "
LONDON, Dec 18- Spanish and Italian government bonds rallied in thin trade on Tuesday as progress in U.S. budget talks and the absence of any fresh domestic scares lifted investors demand for higher-yielding assets. President Barack Obama made a counter-offer to Republicans that included a change in position on tax hikes for the wealthy.