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  • BEIJING, Dec 9- China's leaders should cut next year's economic growth target to 7 percent, according to influential advisers recommending the country's leadership which was meeting on Tuesday to map out economic and reform plans for 2015.. China looks set to miss its growth target this year for the first time since 1999, and full-year growth is likely to be the...

  • SYDNEY, Dec 9- Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. Brent crude shed 70 cents to $65.49 a barrel, while U.S. crude futures lost another 46 cents to $62.59. Prices are likely to remain around $65 a barrel for the next six to seven...

  • SINGAPORE/ SYDNEY, Dec 9- The yen edged higher on Tuesday as a fall in oil prices dented risk appetite and prompted investors to trim short positions in the Japanese currency. Against the yen, the greenback fell 0.4 percent to 120.25 yen, pulling further away from a seven-year high of 121.86 yen set on Monday. The dollar may retreat further versus the yen in the near...

  • BEIJING, Dec 9- Benchmark Brent crude slipped on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut. Oil prices are likely to remain around $65 a barrel for the next six or seven months, the chief of Kuwait's national oil company said on Monday, in the latest sign that...

  • TOKYO, Dec 9- Japanese government bond prices rose on Tuesday after a smooth auction of 30- year debt swept aside investors' fears that demand for the new paper might be lacklustre. Investors were cautious ahead of Tuesday's sale of 700 billion yen of 30- year JGBs, as yields nearing historical lows made the bonds relatively expensive. "The fact that the tail at the...

  • WELLINGTON, Dec 9- Farmers in New Zealand, the world's largest dairy exporter, are reining in milk production as a flood of supply from Europe and the United States pummels prices, a sign the "white gold" rush that has fuelled the New Zealand economy for years is over. Last season's record-high prices have fallen well out of reach as the supply glut and a slowdown in...

  • *Hong Kong investors show caution, take profits. SHANGHAI, Dec 9- China stocks rose to their highest level in more than 3-1/ 2 years on Tuesday, led by continuing gains in brokerages and infrastructure firms on views the current rally can keep going. But Hong Kong investors have become cautious after the multi-week rally in mainland markets, with some locking in...

  • WASHINGTON, Dec 9- U.S. states' revenues are growing at a faster clip than last year, mostly due to the brightening national economic picture, and are stabilizing the governments' budgets, according to a nationwide survey released on Tuesday. "Economic growth and declines in the unemployment rate have led to an improved outlook for state revenues in fiscal 2015,...

  • NEW YORK, Dec 9- Almost one-fourth of video ads and 11 percent of display ads are viewed by fake consumers created by cyber crime networks seeking to take a chunk of the billions of dollars spent on digital advertising, according to a new research report released on Tuesday. The study, by digital security firm White Ops and the Association of National Advertisers,...

  • SYDNEY, Dec 9- The Australian government has ditched plans to charge patients a blanket fee to see their doctor, a major backflip for Prime Minister Tony Abbott in his attempts to chip away at universal healthcare to pay off state debts. Abbott said on Tuesday the A $7 "co-payment" fee will be scrapped. The plans for the co-payment had been heavily criticised by the...

  • NEW DELHI, Dec 9- India's capital has decided to ban all internet-based taxi firms after a female passenger reported she was raped by a driver contracted to U.S. online cab company Uber, a government official said on Tuesday. The Delhi transport department issued a public notice in a national daily stating that only six registered radio taxi companies are...

  • SHANGHAI/ BEIJING, Dec 9- China's yuan slid dramatically against the dollar on Tuesday, heading for the largest single-day drop in its relative value since 2008, as corporates bailed out of the currency on expectations of further monetary easing. Spot yuan slid nearly half a percent to 6.2007 per dollar in morning trade, accelerating a decline that began when...

  • SYDNEY, Dec 9- Oil prices plummeted to five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. Brent crude shed 86 cents to $65.33 a barrel, while U.S. crude futures lost another 70 cents to $62.35. Oil prices are likely to remain around $65 a barrel for the next six to seven...

  • UTi Worldwide CEO quits, names successor Monday, 8 Dec 2014 | 11:47 PM ET

    Dec 8- Logistics company UTi Worldwide Inc said Chief Executive Eric Kirchner has resigned and named Edward Feitzinger as CEO effective immediately.

  • *Honda adds 2.6 mln cars in U.S. expansion of Takata recalls. TOKYO, Dec 9- Honda Motor said it will expand an' investigative' recall to replace potentially lethal Takata Corp air bag inflators across the globe, taking the total Takata- related recall tally of all brands to more than 19 million since 2008.. Given Takata's response, Honda's U.S. unit said on Monday it...

  • BEIJING, Dec 9- Northern China's Hebei province, the country's dominant steel producing region, is set to move 16 million tonnes of output capacity to the coast in a step aimed at "upgrading" the sector. The Shougang Group- China's biggest steel mill formerly based in Beijing- has already shifted all its production facilities to Hebei's Caofeidian port.

  • SINGAPORE, Dec 9- Gold gave up some of its overnight gains on Tuesday on a stronger dollar and fears the Federal Reserve could soon raise U.S. interest rates. Spot gold had slipped 0.2 percent to $1,200.60 an ounce by 0349 GMT. Gold will have a hard time holding on to rallies because the gains are mostly from short-covering, "said a trader in Sydney.

  • NEW DELHI, Dec 9- India's capital has banned internet-based taxi firms after a female passenger reported she was raped by a driver contracted to U.S. online cab company Uber, the Indian Express reported on Tuesday. Online ride-hailing service Uber was blacklisted in New Delhi on Monday after police said it had failed to run background checks on the driver, who was...

  • SHANGHAI, Dec 9- China's yuan slid dramatically against the dollar on Tuesday, changing hands at 6.2059 per dollar by midday, heading for the largest single-day drop in the currency's relative value since 2008.. Spot yuan slid more than half a percent in morning trade, accelerating a sliding trend that began when China's central bank surprised markets by...

  • Japan LNG spot price falls to $14.40/mmBtu in Nov Monday, 8 Dec 2014 | 10:27 PM ET

    TOKYO, Dec 9- Liquefied natural gas spot prices for Japanese buyers fell in November after two straight months of rises, the government said on Tuesday, as faltering demand in Asia combined with rising supply from countries including Australia and Russia. Spot LNG contracted in November for delivery to Japan averaged $14.40 per million British thermal unit,...