May 18- Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history. Texas joins four other states that have sued BP and other companies in connection to the spill: Florida and Mississippi filed complaints last month, while Alabama and Louisiana did in 2010..» Read More
SHANGHAI, Jan 4- China's yuan traded flat on Friday morning, with traders saying that the market appears to be comfortable with the yuan's current rate of around 6.23 against the dollar. The market was closed from Tuesday to Thursday for the New Year's holiday.
*China insurers sink in HK, rise in Shanghai. HONG KONG, Jan 4- Hong Kong shares slipped from a 19- month high as investors took profits on outperformers in the past two days after the U.S. Fed reticence about further growing its $2.9 trillion balance sheet could limit capital flows.
NEW YORK, Jan 4- Gold fell 1.3 percent on Friday but rebounded from a 4-1/ 2 month low after U.S. data showed job market growth has slowed, suggesting the Federal Reserve may retain its monetary stimulus in the near term.
"These proposed regulations are a sign of progress," said Caroline Smith DeWaal, food safety director at the Center for Science in the Public Interest, who has been a critic of the FDA. " The new law should transform the FDA from an agency that tracks down outbreaks after the fact to an agency focused on preventing food contamination in the first place. "
LAUNCESTON, Australia, Jan 4- Copper and iron ore, the industrial metals most likely to benefit from China's renewed growth, have enjoyed strong starts to the new year but they run the risk of rallying too hard, too quickly.
SHANGHAI, Jan 4- The Chinese yuan is expected to log another year of mild strengthening in 2013, the official People's Daily newspaper reported, as market forces cooperate with policymakers to hold back aggressive appreciation. It also accords with repeated commitments by Beijing to preserve the "fundamental stability" of the exchange rate.
*Apple smartphone share seen rising to 21 pct from 20. SEOUL, Jan 4- Samsung Electronics Co Ltd is expected to widen its lead over Apple Inc in global smartphone sales this year with 35 percent growth, helped by a broad product lineup, market researcher Strategy Analytics told Reuters on Friday.
*LME copper may retrace to $7,970/ T- technicals. SINGAPORE, Jan 4- London copper lost 1 percent on Friday, extending losses from the previous session as the euphoria surrounding the U.S. fiscal deal fizzled and investors turned their focus to the uncertain global economic recovery.
TOKYO, Jan 4- Japan's Nikkei share average rose to a 22- month high on its first trading day of 2013 as a deal in Washington to avert the "fiscal cliff" buoyed investor risk appetite and a weaker yen lifted exporters like Toyota Motor Corp. at 10,666.10 after hitting 10,734.23, its highest intraday level since March 2011.
SINGAPORE, Jan 4- Brent crude fell below $112 a barrel on Friday as growing doubts within the U.S. Federal Reserve about the side effects of its stimulus programme and the prospect of more budget battles in Washington curbed investor appetite for riskier assets.
TOKYO, Jan 4- Japanese government bonds skidded on their first trading day of 2013 on Friday, with benchmark yields hitting a 3 1/ 2- month high in line with surging Japanese equities and a drop in U.S. Benchmark yields dropped as low as 0.685 percent as recently as Dec. 6, their lowest since June 2003.
ANCHORAGE, Jan 3- The Royal Dutch Shell drill ship that was tossed by high winds and grounded off an Alaska island on New Years Eve has suffered some damage from waves and flooding, but so far has not spilled any of the 155,000 gallons of fuel and other petroleum products aboard, officials managing the emergency response said Thursday.
TOKYO, Jan 4- Japan's Nikkei share average rose to a 22- month high on its first trading day of 2013 as a deal in Washington to avert the "fiscal cliff" buoyed investors' risk appetites and a weaker yen lifted exporters.
SINGAPORE, Jan 4- London copper fell on Friday, extending losses from the previous session when U.S. *The most-traded April copper contract on the Shanghai Futures Exchange gained 0.9 percent to 58,360 yuan a tonne, in the first trading session of 2013..
Jan 3- The world's largest retailer Wal-Mart Stores Inc appointed Lev Khasis as president and chief executive of New Formats for Walmart International, a company spokesperson said.
NEW YORK, Jan 3- Al Jazeera's announced plans to establish a new U.S. cable news channel via the purchase of Current TV isn't even 48 hours old and already it finds itself in a vicious battle to retain distribution rights.
HONG KONG, Jan 4- Hong Kong shares could end a two-day rally on Friday, tracking Wall Street weakness after signs that the U.S. The China Enterprises Index of the top Chinese listings in Hong Kong added 0.8 percent, reaching another peak since August 2011.
*MSCI Asia ex- Japan falls 0.4 pct. TOKYO, Jan 4- Asian shares fell on Friday, tracking overnight weakness in global equities, but the dollar gained as U.S. debt yields rose after several Federal Reserve officals expressed concerns about continuing to expand stimulative bond buying.
*Chrysler passes General Motors, moves into second place. Ford Motor Co of Canada was the top-selling automaker in Canada for the third year in a row while Chrysler, which was in third place in 2011, knocked General Motors from the No. 2 perch.
SINGAPORE, Jan 4- U.S. crude futures held above $92 a barrel on Friday as investors looked ahead to oil inventories and economic data from the United States for signals about demand in the world's largest oil consumer. *U.S. crude for February delivery edged down 13 cents to $92.79 a barrel by 0001 GMT, with front-month prices on track to post their fourth weekly rise.