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  • TOKYO, Dec 11- Asian stocks fell on Thursday as falling oil prices continued to feed into global growth concerns, while the dollar struggled against peers such as the yen and euro after a further drop in U.S. bond yields. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent as another large decline in oil prices took a heavy toll on energy...

  • CHICAGO, Dec 10- Chicago opened a new front in the war on ridesharing services like Uber on Wednesday, approving a plan to sponsor an app for riders to hail local cabs. A union that has expanded into cab drivers and organized Chicago this year pushed hard for the package, which had the support of Mayor Rahm Emanuel. Uber declined to comment directly on the Chicago...

  • TOKYO, Dec 11- Japan's Nikkei share average is set for a third day of losses on Thursday, hitting a more than three-week low after oil prices slumped, while a strong yen and poor machinery data dampened risk taking. Traders say that falling oil prices are positive for most advanced economies such as the United States and Japan as they are importers of oil, but weak oil...

  • METALS-Dollar drop eases pressure on metals Wednesday, 10 Dec 2014 | 9:09 PM ET

    SYDNEY, Dec 11- Metals edged higher on Thursday as the dollar weakened against an index of currencies on year-end positioning and risk-aversion triggered by steep losses in oil. *Three-month copper on the London Metal Exchange had edged up 0.2 percent to $6,426 a tonne by 0138 GMT, after falling 1 percent in the previous session. *The most-traded February copper...

  • It spent $5.7 billion for the rights to some injectable wrinkle treatments of Valeant Pharmaceuticals and for L'Oreal's share of a dermatology joint venture the two operated. Nestle is also spending about $350 million on dermatology research and development this year, said Humberto Antunes, chief executive of Nestle Skin Care. The first of the new research...

  • LIMA, Dec 10- The United States on Wednesday played down prospects for a wide-ranging deal with India to curb greenhouse gas emissions next year along the lines of a plan agreed to with China last month. "We don't have that kind of process going on with India," U.S. climate envoy Todd Stern told a news conference during Dec. 1-12 talks among 190 nations in Lima on ways to...

  • China's yuan opens stronger thanks to c.bank support Wednesday, 10 Dec 2014 | 8:45 PM ET

    BEIJING, Dec 11- China's yuan opened stronger against the dollar on Thursday as the central bank set a higher official guidance rate for the fifth straight day. The opening trade on the yuan was 6.17, up 0.11 percent from the previous day's close. The People's Bank of China set the midpoint rate at 6.1153 per dollar prior to market open, the highest since February and...

  • S.Korea c.bank holds interest rates steady for 2nd mth Wednesday, 10 Dec 2014 | 8:10 PM ET

    SEOUL, Dec 11- South Korea's central bank kept interest rates unchanged for a second straight month on Thursday, as expected, while observing the effects from its two rate cuts this year and watching external conditions. The Bank of Korea's monetary policy committee held its base rate steady at 2.00 percent, a media official said without elaborating.

  • The studio said Wednesday only still photographers and a Sony video team will document arrivals at the event, stopping reporters from asking Seth Rogen and James Franco about a massive cyber attack at Sony that some speculate is linked to the film. A spokeswoman for Sony, a unit of Japan's Sony Corp, could not immediately be reached for comment on why press access...

  • Dec 10- Walgreen Co said Chief Executive Greg Wasson would retire and hand the reins on an interim basis to the head of Alliance Boots Holdings Ltd, a move that follows a series of events that has tested investor confidence in the U.S. drugstore chain. Walgreen said Wasson would step down shortly after it completes the purchase of the 55 percent it does not already...

  • SYDNEY, Dec 11- Global aluminium premiums are expected to reach fresh record highs by mid-2015 on a supply deficit in the United States and Europe, a Reuters survey showed. "The world, excluding China, will continue to be in short supply due to shut downs, production curtailments and strong demand in South America and North America," said one respondent.

  • SINGAPORE, Dec 11- Gold edged towards a seven-week high on Thursday as a plunge in global equities and sell-off in the dollar burnished the metal's safe-haven appeal. *Spot gold had risen 0.2 percent to $1,229.30 an ounce by 0034 GMT, not far from a seven-week high of $1,238.20 reached earlier this week. *Gold is seen as an alternative investment to riskier assets...

  • 'Berlin Wall' climate divide looms over Lima Wednesday, 10 Dec 2014 | 7:37 PM ET

    Since then, however, nations such as Singapore or Mexico have grown rich but are still deemed "poor". In Lima, representatives of 192 countries are trying to craft a new accord that will hold developed nations responsible for their past emissions but that will also put on the hook some emerging economies that will emit most carbon in future. Countries are grappling...

  • TOKYO, Dec 11- Asian stocks fell early on Thursday as falling oil prices continued to feed into global growth concerns, while the dollar lost more ground against peers such as the yen and euro after a further drop in U.S. bond yields. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent as another large drop in oil prices took a heavy toll...

  • TOKYO, Dec 11- Japan's key gauge of capital spending fell for the first time in five months in October in a sign that business investment may be losing momentum, casting further doubt over Prime Minister Shinzo Abe's strategy to spark a durable economic recovery. The data is an unwelcome distraction for Abe, who seeks a fresh mandate for his "Abenomics" recipe of...

  • SEOUL, Dec 11- U.S. crude futures edged back above $61 a barrel in early Asian trade on Thursday, but remained near the lowest for more than 5 years after data showing a spike in U.S. oil stocks and after another pledge by Saudi Arabia not to cut output. Other OPEC member Venezuela's foreign minister and top OPEC emissary Rafael Ramirez provided his country's answer...

  • WASHINGTON, Dec 9- The U.S. Congress is preparing to leave town for the holidays without passing reforms to give emerging markets greater say at the International Monetary Fund, a step the Obama administration has warned could undermine Washington's international influence. The changes would double the fund's resources and hand more IMF voting power to...

  • NEW YORK, Dec 10- Arab Bank Plc will face a trial in May to determine how much it owes for providing material support to Hamas in three of two dozen attacks attributed to the Islamic militant group in Israel and the Palestinian territories, according to a court order. The cases will be the first to have damages assessed after a federal jury in September found Arab...

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • Crunch loan offer may hold key to next ECB policy move Wednesday, 10 Dec 2014 | 7:00 PM ET

    *Total of 400 bln euros offered in September, December. FRANKFURT, Dec 11- Banks are not expected to take up all the long-term European Central Bank loans offered on Thursday, increasing pressure on the ECB to begin buying sovereign bonds to hit a self-imposed stimulus target. Furthermore, a downgrade of Italy's sovereign debt rating last week and market jitters...