EGYPTIAN COURT JAILS 119 SUPPORTERS OF EX-PRESIDENT MURSI- JUDICIAL SOURCES.» Read More
Nov 6- U.S.-listed chipmaker RDA Microelectronics Inc said it received an $18 per share buyout offer from China's state-owned Tsinghua Unigroup Ltd, which is funded by the Tsinghua University, marking it a second such bid in more than a month.
*West seek first-step nuclear deal with Iran in Geneva talks. SINGAPORE, Nov 7- Brent crude slipped below $105 a barrel on Thursday to its lowest since early July as investors were reluctant to lock in fresh positions ahead of key announcements due later in the day from Europe and the United States.
WASHINGTON, Nov 6- Exxon Mobil Pipeline Co faces a fine of nearly $2.7 million for a pipeline spill of thousands of barrels of Canadian crude oil in an Arkansas suburb last spring, the U.S. pipeline safety office said on Wednesday. Senator Mark Pryor, an Arkansas Democrat, praised the PHMSA's decision on Wednesday.
*Citi bearish on copper price outlook. SINGAPORE, Nov 7- London copper edged up on Thursday but was not far above four-week lows as traders awaited a key U.S. labour report and a major leadership meeting in China for clues on economic policy and metals demand.
RIO DE JANEIRO, Nov 6- Brazil's Vale SA, the world's second-largest mining company, reported on Wednesday that its third-quarter net income more than doubled from a year earlier, beating analysts' expectations as iron ore prices and sales volumes rose.
TOKYO, Nov 7- Japan's Nikkei share average was flat on Thursday as investors searched for fresh trading opportunities after the recent flurry of earnings, while small cap stocks rose after the Tokyo bourse said it will include them in a new index.
SINGAPORE, Nov 7- London copper edged up on Thursday but was not far from four-week lows as traders waited on a key U.S. labour report and a major leadership meeting in China for clues on economic policy and metals demand.
*U.S. wants first step from Iran to curb nuclear activity. GENEVA, Nov 7- World powers will seek to hammer out a breakthrough deal with Iran to start resolving a decade-old dispute over its nuclear programme in two-day talks that begin on Thursday, although both sides say an agreement is far from certain.
SINGAPORE, Nov 7- U.S. crude futures edged up for a second session on Thursday after a bigger than forecast drop in gasoline inventories calmed concerns over rising supplies in the world's top oil consumer. *U.S. crude for December delivery was up 11 cents at $94.91 a barrel by 0029 GMT, adding to Wednesday's gain of more than a dollar.
Nov 6- Twitter Inc priced its initial public offering above its expected range to raise at least $1.8 billion, in a sign of strong investor demand for the most highly anticipated U.S. public float since Facebook Inc.. The microblogging network priced 70 million shares at $26, above the expected range of $23 to $25, which had already been raised once before.
SINGAPORE, Nov 7- Gold held gains from the previous session on Thursday as investors bet the U.S. Gold buying in India tapered off further after the festival week, even as domestic users started getting small import lots, weighing on premiums.
SAN FRANCISCO, Nov 6- Qualcomm Inc on Wednesday forecast revenue below expectations and said it would curb fast-growing operating expenses, stoking concerns the leading mobile chipmaker faces tough competition in Asia, and sending its stock down.
NEW YORK, Nov 6- CME Group Inc plans to announce new specifications and tests for West Texas Intermediate crude backing its benchmark oil futures contract early next year, and implement the new specs by the end of 2014, a person familiar with knowledge of the plan said on Wednesday.
Nov 6- Twitter Inc priced its initial public offering above its expected range to raise more than $1.8 billion, in a sign of strong investor demand for the most highly anticipated U.S. public float since Facebook Inc.. The microblogging network priced 70 million shares at $26, above the expected range of $23 to $25, which had already been raised once before.
DUBLIN, Nov 7- Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again. The European Union and International Monetary Fund are due to sign off on the last part of a 85 billion euro bailout, leaving Ireland to exit the process by the end of the year, the first crisis-hit euro zone country to do so.
*Inflation slump heaps pressure on ECB. FRANKFURT, Nov 7- The European Central Bank faces intense pressure to cut interest rates on Thursday but is unlikely to buckle, waiting instead to see whether a dive in inflation is sustained.
HSBC said 15 of the 18 emerging markets covered in its survey had enjoyed an expansion in output, with robust increases in activity in China, Brazil and Russia. "We have a large number of the countries showing improvements," said Pablo Goldberg, global head of emerging markets research at HSBC in New York.
RIO DE JANEIRO, Nov 6- Standard& Poor's said on Wednesday it could wait until Brazil's presidential elections late in 2014 to decide whether to cut the credit rating of Latin America's largest economy.
*Coffee at 6-1/ 2 year low on South American supply growth. NEW YORK, Nov 6- Oil futures led commodity markets higher on Wednesday, as draws in U.S. fuel supplies and worries about disruptions in Libya prompted buying at prices that had hit four-month lows.
Nov 6- Whole Foods Market Inc on Wednesday lowered its sales forecast for fiscal 2014, citing price cuts to keep up with competitors, and shares fell 9.5 percent in after-hours trading.