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  • SINGAPORE, Dec 3- A halving in the price of iron ore this year has been fuelled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract on the Dalian exchange, in the process giving China the pricing power it has long craved. Analysts say its clout on iron ore could become even greater if, as proposed, it lets foreigners...

  • Iraq's government said it reached an agreement with Kurdish authorities to export 300,000 barrels per day of oil from Kirkuk and 250,000 bpd from the northern Kurdish region through Turkey. "The Iraqis deal with the Kurds for oil exports is the one headline sticking out in today's market, a reminder that the oversupply in oil isn't going away easily," said Joseph...

  • CARACAS, Dec 2- Venezuelan President Nicolas Maduro's approval rating dropped to 24.5 percent in November, according to a poll by respected local firm Datanalisis, down 5.7 points from September as economic problems put more pressure on the socialist leader. Venezuela is struggling with a combination of recession, inflation that topped 63 percent earlier...

  • BISHKEK, Dec 2- Kyrgyzstan's President Almazbek Atambayev has said his country must resolve its long-running dispute with Centerra Gold this month, because otherwise it may face the prospect of nationalizing the Canadian company's gold mine. The Toronto- listed company operates Kumtor, the Central Asian nation's largest gold mine. Kumtor accounted for 7.7...

  • NEW YORK, Dec 2- Dan Ivascyn, who replaced Bill Gross as Pimco's chief investment officer, said on Tuesday that net cash outflows from various funds have tapered off significantly, and performance has improved since Gross' exit in late September. "We've been very stable in implementing our investment process from the first day of Bill's departure," Ivascyn said.

  • Carter, a former deputy secretary at the Department of Defense, would have the task of breaking into the tight-knit White House inner circle that President Barack Obama has leaned on to run national security policy. The White House had no comment on the selection, but spokesman Josh Earnest had glowing praise for Carter. Carter performed "very, very ably" in his...

  • UPDATE 1-Chrysler, GM Canada sales rise for November Tuesday, 2 Dec 2014 | 3:15 PM ET

    TORONTO, Dec 2- Chrysler Canada new vehicle sales rose 9 percent for the month of November, and GM Canada's sales rose 10 percent from a year earlier, the automakers said on Tuesday. Chrysler sold 20,922 cars and trucks, capping five full years of monthly sales gains. At GM Canada, Buick sales jumped 15 percent and Cadillac recorded its best November sales since 1980,...

  • WASHINGTON, Dec 2- Delving into the sensitive subject of women's rights in the workplace, the U.S. Supreme Court will consider on Wednesday whether employers must provide accommodations for pregnant workers who may have a hard time doing their usual job duties. The case concerns whether package delivery company UPS Inc treated part-time truck driver Peggy...

  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a long-term government spending bill next week, avoiding a government shutdown and pushing any budget fight over President Barack Obama's executive order on immigration into 2015.. At a closed meeting of House Republicans to plot strategy on how...

  • WASHINGTON, Dec 2- The senior U.S. Senate Republican on Tuesday raised the possibility of Congress writing comprehensive healthcare legislation if the Supreme Court next year strikes down a subsidy provision of Obamacare. The Supreme Court last month agreed to hear arguments for and against tax-credit subsidies to help millions of Americans get health...

  • OAKLAND, Calif., Dec 2- The late Steve Jobs, co-founder of Apple Inc, led the company to violate antitrust laws by restricting music purchases for iPod users to Apple's iTunes digital store, an attorney for consumers suing Apple said in court. Opening statements began on Tuesday in an Oakland, California, federal court in the long-running class action, which harks...

  • WASHINGTON/ BOSTON, Dec 2- U.S. investigators are considering multiple suspects, including North Korea, in their investigation into a cyber attack on Sony Pictures Entertainment that knocked out the company's computer systems for over a week, according to a U.S. national security official with knowledge of the investigation. Spokesmen with the FBI and...

  • MEXICO CITY, Dec 2- Uber Inc has signed a deal with billionaire Carlos Slim's America Movil to bring its app, which allows users to summon a car on their smartphones, to new customers in Latin America in a move it says could be a model for other regions. Starting on Tuesday, the Uber app will be promoted on millions of Android phones that use telecoms company America...

  • *Gold eases after near 4 pct jump. NEW YORK/ LONDON, Dec 2- Gold slipped on Tuesday as a strong dollar and signals the U.S. economy is benefiting from a decline in oil prices renewed expectations of a tightening in monetary policy by the U.S. Gold prices consolidated after the spot market fell on Monday to a near-three-week low after Switzerland voted against...

  • *Otsuka to buy Avanir; Cypress Semi to buy Spansion. The only group to fall was telecoms, down 1.6 percent with AT&T down 2.1 percent and Verizon down 1.5 percent. Sprint announced it will cut in half the monthly price of service for Verizon and AT&T customers who switch to Sprint.

  • Treasuries fell on Tuesday, with prices pressured by a Wall Street rally and institutional investors readying for a $6 billion corporate bond deal from leading retailer Amazon. "Today was primarily about the rebound in equity prices," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. "There is a lot of corporate issuance...

  • Dec 2- CBS Corp said Dish Network Corp customers will lose access to the CBS broadcast network on Thursday if the two companies did not reach a new deal on terms for carrying the channel by then. Two extensions to the contract's initial Nov. 20 expiration had allowed the two companies to continue negotiations and keep CBS and its CBS Sports cable channel on air for...

  • DETROIT, Dec 2- Takata Corp, the Japanese air bag supplier at the center of a growing auto safety crisis, said on Tuesday that it is forming an independent quality panel headed by former White House chief of staff and U.S. Takata also appointed two other former U.S. transportation secretaries, Rodney Slater and Norman Mineta, to serve as special counsels as the...

  • NEW YORK, Dec 2- Arab Bank Plc, found liable in a U.S. civil court of providing material support for Hamas, urged an appeals court on Tuesday to block thousands of non-U.S. citizens from pursuing similar claims that it financed terrorism. In September, a federal jury in Brooklyn found Arab Bank liable in what lawyers described as the first terrorism financing civil...

  • TORONTO/ WINNIPEG, Manitoba, Dec 2- Cargill, Canada's biggest beef processor, is recalling ground beef sold by Wal-Mart Stores Inc that may be contaminated with E. coli, the Canadian Food Inspection Agency said on Tuesday. Cargill is recalling 31,000 pounds of beef produced at its Calgary, Alberta, plant, said Connie Tamoto, spokeswoman for the privately held...