PROVIDENCE, R.I.-- Textron completed its purchase of Beechcraft and will combine the airplane maker with its Cessna unit to form an aviation business that generates about $4.6 billion in annual revenue. Textron used cash, issued $600 million in senior notes, and borrowed $500 million to finance the deal, which was announced in late December.» Read More
HONG KONG, Nov 4- China's yuan was little changed against the dollar on Monday after the central bank set a slightly weaker midpoint for the sixth consecutive day, signalling its intention to keep the yuan stable for now, traders said.
SINGAPORE, Nov 4- Brent futures rose above $106 a barrel on Monday as investors locked in fresh positions after the previous session's steep fall, but prices could weaken amid expectations the U.S. Brent rose 32 cents to $106.23 a barrel by 0545 GMT, after settling nearly $3 lower on Friday at its lowest since July 4.
CAIRO, Nov 4- Deposed Egyptian president Mohamed Mursi of the Muslim Brotherhood arrived at a Cairo police academy on Monday to face trial on charges of inciting violence, state media reported. It is the second time in just over two years that an ousted president has been in court in Egypt, a pivotal Arab nation some fear is sliding back into autocratic rule.
*Markets quiet with Japan on holiday. SYDNEY, Nov 4- Asian stocks eased on Monday in sluggish trade as investors chose discretion over valour ahead of central bank meetings in Europe and the always-critical U.S. payrolls report. MSCI's broadest index of Asia-Pacific shares outside Japan was just a shade softer at 478.58.
Nov 4- SAC Capital Advisors, Steven A. Cohen's multibillion-dollar hedge fund, and U.S. prosecutors are expected to announce on Monday a $1.2 billion settlement over criminal charges related to insider trading, media reports said.
BEIJING, Nov 4- China's banking regulator pledged to work harder to head off the risks of a possible rise in non-performing loans, in particular from industries plagued by overcapacity.
SINGAPORE, Nov 4- Brent futures rose above $106 a barrel on Monday as investors locked in fresh positions after the previous session's steep fall, but prices are set to weaken amid expectations the U.S. Brent crude gained 28 cents to $106.19 a barrel by 0408 GMT, after settling nearly $3 lower on Friday at its lowest since July 4.
Shenzhen raises 2nd home purchase down payment, adds to jitters. HONG KONG, Nov 4- Hong Kong and China shares gave up early gains on Monday, with the Chinese property sector weak after the southern city of Shenzhen was reported to be raising minimum down payment on second home purchases in an attempt to stem rising prices.
SYDNEY, Nov 4- Asian governments as far apart as India and New Zealand have discovered there is huge investor appetite for inflation-protected debt despite a subdued outlook for global inflation. Drawn by strong demand, India launched its debut issue, while Thailand, Hong Kong, Australia, New Zealand and Japan all sold fresh issues this year.
SINGAPORE/ SYDNEY, Nov 4- The euro touched a six-week low on Monday after suffering its biggest drop in over a year last week as pressure mounted on the European Central Bank to cut interest rates to shore up growth. The euro skidded below chart support around $1.3460/ 80 and fell to as low as $1.3442 on trading platform EBS, its lowest level since Sept. 18.
SHANGHAI, Nov 4- Warren Buffett- backed Chinese carmaker BYD Co Ltd said it would hire more local employees at its new electric bus factory in California, its latest response to criticism that it violated labor rules in the United States.
*China bonded copper stocks begin to rise, could rise further. Manufacturing expanded around the world in October, with business surveys showing U.S. factory output growing at its fastest pace in 2-1/ 2 years and Asian manufacturers reporting the fastest upturn in months, led by China. Copper prices have been hemmed in a range since early August.
"While the Fed has been moving at the speed of a boomer in full run, the federal government of the United States has at best exhibited the adaptive alacrity of a koala," Dallas Fed President Richard Fisher said in remarks prepared for delivery to the Australian Business Economists.
SINGAPORE, Nov 4- London copper edged up on Monday as a pick up in global factory activity boosted the outlook for demand, but a firm dollar is expected to keep a lid on prices that rose almost a percent last week. *The January copper contract on the Shanghai Futures Exchange traded barely changed at 52,020 yuan a tonne.
*Policy announcement due at 0330 GMT on Nov. 5. SYDNEY, Nov 4- Australia's central bank is almost certain to leave interest rates unchanged for a third month when it meets this week amid signs past cuts are filtering through to economic activity, particularly in the housing market.
*Westpac's cash profit A $7.1 bln in line with consensus. *Westpac final dividend A $0.88 vs A $0.84 a year earlier. SYDNEY, Nov 4- Westpac Banking Corp notched up record profits and unveiled a special dividend in a stellar year for Australian banks and expectations are high that the industry will deliver more earnings growth in 2014..
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*U.S. crude for December delivery was off 2 cents at $94.59 a barrel by 0040 GMT. *A stronger U.S. currency, which makes dollar-denominated assets such as oil more expensive for holders of other currencies, helped drag down the Thomson Reuters/ Core Commodity CRB index by 1 percent to its lowest since June 2012.
SINGAPORE, Nov 4- Gold eased for a sixth straight session on Monday to trade near near two-week lows as renewed uncertainty over when the U.S. *Spot gold fell 0.1 percent to $1,313.54 an ounce by 0014 GMT, after posting a near 3 percent weekly drop.
Activity in China's services sector expanded at the fastest pace in 13 months, though activity in some important areas including new orders slowed.