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  • LIMA, Nov 3- Peru will likely begin selling up to 49 percent of state-run energy company Petroperu on the Lima stock exchange in the second quarter of 2015, Deputy Energy Minister Edwin Quintanilla said in an interview on Monday. Peru passed a law late last year allowing for the privatization of all but a controlling stake in Petroperu in a bid to modernize the 40-...

  • MOJAVE, Calif., Nov 3- A human-factors expert will join the investigation of the fatal crash of Virgin Galactic's passenger spacecraft to study why the co-pilot prematurely unlocked a pivoting tail section of the ship during a test flight, the National Transportation Safety Board chairman said on Monday. Video footage from the cockpit shows co-pilot Michael...

  • SYDNEY, Nov 4- London copper held its ground on Tuesday after global factory growth showed a surprise uptick in the United States, but modest prospects in China and Europe, and a softer dollar cushioned prices. *The most-traded January copper contract on the Shanghai Futures Exchange edged up by 0.3 percent to 47,470 yuan a tonne. *Asian stocks dipped in early trade...

  • BUENOS AIRES, Nov 3- Procter& Gamble said on Monday it had temporarily suspended operations in Argentina after the country's tax authority, which has accused the company of tax fraud, said it started meetings with the world's No.1 household products maker. On Sunday, Argentina accused the company of hiding income and over-billing $138 million in imports to get...

  • SAN FRANCISCO, Nov 3- California gasoline's differential in the Los Angeles wholesale market rose slightly in light trading on Monday as much of the state switched from summer to winter-grade gasoline. Los Angeles- market, November-delivery CARBOB gasoline rose 1.5 cents to close Monday at half a penny under November RBOB gasoline futures on the New York...

  • CORRECTED-Stryker settles hip implants lawsuit Monday, 3 Nov 2014 | 8:04 PM ET

    Nov 3- Orthopedics company Stryker Corp said its settled a compensation lawsuit related to its hip implant, and said it did not expect the settlement to hurt its profit. Stryker will provide a base payment of $300,000 to patients who received the implant and underwent revision surgery by Nov. 3, to remove and replace the devices, plaintiffs' counsel Wendy...

  • BUENOS AIRES, Nov 3- Chances of a deal to end Argentina's feud with holdout bond investors will improve in January when current restructuring rules expire, the economy minister said in comments published on Monday, raising some hopes for the country's stagnant economy. When it swapped 93 percent of its global bonds for new paper offering about 30 cents on the...

  • SINGAPORE, Nov 4- Gold continued to suffer near a four-year low on Tuesday as the strength in the dollar and the U.S. economy dented the metal's appeal, while a lack of robust physical buying also added pressure. *Spot gold was steady $1,164.31 an ounce by 0036 GMT, holding near a 2010 low of $1,161.25 reached on Friday. *The dollar's recent leg up comes after the Bank of...

  • FORT LAUDERDALE, Fla., Nov 3- A former top banker who headed global wealth management at UBS AG was found not guilty on Monday on U.S. charges of conspiring with wealthy Americans to hide $20 billion in secret offshore accounts. Raoul Weil, the highest-ranking Swiss banker to stand trial in the United States, was accused in South Florida federal court of conspiracy...

  • Critics, though, say Venezuela's endemic inflation problem is evidence of the failure of 15 years of socialist economics under Maduro and his late predecessor Hugo Chavez. The wage hike planned for December would put Venezuela's minimum salary at 4,889 bolivars. In the last data available, Venezuela's annualized inflation rate reached 63.4 percent in...

  • NEW YORK, Nov 3- Daniel Pollack, the court-appointed mediator in the debt dispute between Argentina and holdout creditors, has been given broad authority to grant other investors a seat at the negotiating table in an effort to agree on a comprehensive settlement. District Judge Thomas Griesa issued the order on Monday giving Pollack, known officially as the...

  • BERKELEY, Calif/ NEW YORK, Nov 3- No American city has passed a ballot measure raising taxes on sugary drinks, and ahead of votes Tuesday in Berkeley and San Francisco, the U.S. soda industry has been working hard to keep it that way. In Berkeley alone, the American Beverage Association and its members have spent at least $2.1 million, or about $27 per eligible voter, to...

  • *Asia stocks sag following downbeat China manufacturing data. TOKYO, Nov 4- Asian stocks dipped in early trade on Tuesday with disappointing Chinese data and a Wall Street slip dampening the mood, although Japan bucked the trend and rose sharply on follow-through momentum generated the Bank of Japan's surprise monetary easing last week.

  • P&G says temporarily halts operations in Argentina Monday, 3 Nov 2014 | 7:27 PM ET

    CHICAGO, Nov 3- Procter& Gamble, the largest household products maker in the world, said it has temporarily suspended operations in Argentina. On Sunday, Argentina accused the company of hiding income and over-billing $138 million in imports to get money out of the country, which three years ago introduced stringent capital controls in order to protect its...

  • SEOUL, Nov 4- U.S. crude prices extended losses to around $78.30 a barrel on Tuesday in early Asian trades after Saudi Arabia's price cuts for U.S. customers and strong U.S. dollars triggered its lowest since mid-2012 on the previous session. On Monday it settled down $1.76 at $78.78 after hitting a low of $78.14 per barrel, its lowest since June 2012.

  • DIARY - Top economic Events to Nov 17 Monday, 3 Nov 2014 | 7:01 PM ET

    SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0330 GMT. LONDON- Developing Markets Association hosts UK-Albania Trade& Investment Forum. LIMA- Sveriges Riksbank Governor Stefan Ingves will participate in a meeting on "Global Banking Standards and Regulatory and Supervisory Priorities in the Americas."

  • LIMA, Nov 3- Peru will likely begin selling up to 49 percent of state-run energy company Petroperu on the Lima stock exchange in the second quarter of 2015, Deputy Energy Minister Edwin Quintanilla said in an interview on Monday. Peru passed a law late last year allowing for the privatization of all but a controlling stake in Petroperu in a bid to modernize the 40-...

  • Nov 4- The European Central Bank should be cautious about whether to buy sovereign bonds from euro-zone countries, ECB Governing Council member Ewald Nowotny was quoted as saying by Japan's Nikkei financial newspaper. But he questioned the merits of this idea, as it would mean buying the greatest amount of debt from relatively strong Germany, according to the...

  • WASHINGTON, Nov 3- The first of two Lockheed Martin Corp F-35C fighter jets landed successfully on the USS Nimitz off the coast of San Diego on Monday, marking the new warplane's first landing on an aircraft carrier using its tailhook system, the Pentagon said. Joe DellaVedova, spokesman for the Pentagon's F-35 joint program office, said the landing was part of a...

  • Nov 3- JPMorgan Chase& Co said the U.S. Justice Department was conducting a criminal investigation into its foreign exchange business. The largest U.S. bank also raised the top end of its loss estimates for legal proceedings, in excess of reserves established, to $5.9 billion from $4.6 billion. The investigation focuses on its spot foreign-exchange trading...