BEIJING, April 21- A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.» Read More
MACHAR SAYS CONTROLS SOUTH SUDAN'S OIL FIELDS IN UNITY, UPPER NILE STATES AND WANTS PRODUCTION TO CONTINUE.
*Libya should use force to reopen oil ports- oil min. *Total refineries in France enter 11th day of strikes. "I think we're falling back on a little profit-taking," said Addison Armstrong, senior director of market research at Tradition Energy in Stamford, Connecticut.
ISTANBUL, Dec 23- Turkey's lira hovered near a record low on Monday, hammered by domestic political tensions and the U.S. Turkey is exposed to any tightening of the supply of cash globally as it needs to import almost all of the oil it uses, which gives it one of the world's biggest current-account shortfalls and makes it dependent on capital inflows.
*China's zinc imports up 91.05 pct in November. LONDON, Dec 23- Zinc prices rose to their highest level in nearly 10 months on Monday, the biggest gainer in the base metals complex, lifted by tightening supplies and robust imports from China.
*Norwegian Air has three Dreamliners in operation. The newest of the company's three Dreamliners should have left Fort Lauderdale for Stockholm on Saturday but was unable to due to technical problems, Norwegian Air said on Monday.
WASHINGTON, Dec 23- U.S. consumer sentiment and spending both hit five-month highs heading into the end of the year, the latest sign of sustained strength in the economy and fostering hopes of a strong 2014..
*Bureau Veritas rises after deal to buy Maxxam Analytics. LONDON, Dec 23- European shares rose for the fourth consecutive session on Monday, buoyed by corporate takeover activity and by gains on Germany's DAX stock market, which hit a record high.
Dec 23- Trucking company YRC Worldwide Inc said it reached an agreement with some shareholders and institutional investors to reduce its debt by about $300 million.
Dec 23- Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives. Xyratex shares were up 27 percent at $13.25 per share in morning trading, matching Seagate's offer price.
MILAN, Dec 23- Telecom Italia is likely to have to give minority investors more say after narrowly surviving an attempt by rebel shareholders to throw out the board, potentially complicating decisions over its prized Brazilian business.
Dec 23- Freeport-McMoRan Copper& Gold Inc said it would grant Chief Executive Richard Adkerson restricted stock units representing 1 million shares of the company, while terminating his current employment agreement, including salary, bonus and other rights. Adkerson will continue in his current role as president and CEO, the company said on Monday.
*Apple rallies after iPhone deal with China Mobile. NEW YORK, Dec 23- U.S. stocks rose Monday, advancing to all-time highs as Apple Inc surged on a distribution deal with China Mobile.
Statistics Canada said on Monday the economy had grown by 0.3 percent from September. Although Canada regained most of the jobs it lost since 2008 and 2009, growth has been largely sluggish, prompting the Bank of Canada to make clear it will not raise its key interest rate until it sees signs of a firm recovery.
RIYADH, Dec 23- Saudi Arabia's 2014 state budget projects spending will rise a modest 4.3 percent from this year's plan, the slowest rate in a decade, suggesting the kingdom is starting to curb expenditure after years of huge increases.
NEW YORK, Dec 23- The Thomson Reuters/ University of Michigan Surveys of consumers' final December consumer sentiment index was 82.5, unchanged from the preliminary December figure, and up from 75.1 in November, according to the survey released on Monday.
Dec 23- Tesaro Inc's experimental drug for treating chemotherapy-induced nausea and vomiting failed to show enough benefit in trials to give it an edge over competing drugs, sending its shares down as much as 24 percent.
*Libya should use force to reopen oil ports- oil min. *Total refineries in France enter 11th day of strikes. LONDON, Dec 23- Brent crude oil held steady below $112 a barrel on Monday as investors focused on refinery strikes in France and internal strife in South Sudan.
LONDON, Dec 23- Sterling pared early gains against the dollar in thin trade on Monday, as strong consumer spending data from the United States helped the dollar recover. The pound was steady against the dollar, trading at $1.6344- off a high for the day of $1.6373- as some speculators trimmed bullish bets on the pound before the year end.
*International Monetary Fund will raise U.S. growth forecast. Major currencies were in a holding pattern due to a holiday in Japan, while for most of Europe it was the last full trading session before a Christmas break.
*AerCap plans to keep aircraft break-up business for now. Dec 23- AerCap has emerged as one of the leading forces in aviation after agreeing to buy the world's second-largest jet lessor, but its chief executive said on Monday he was in no hurry to join the industry's recent plane ordering bonanza.