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  • Exhilway Asia Ventures to file for U.S. IPO Tuesday, 18 Nov 2014 | 8:52 AM ET

    Nov 18- Exhilway Asia Ventures, the investment advisory arm of Exhilway Global, said it planned to file for an initial public offering of common stock with U.S. regulators.

  • Among the companies targeted in letters sent by Senator Elizabeth Warren, a member of the Senate Banking Committee, and Representative Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee, were banks, investment firms and other financial service providers. In letters to two of the 16 companies, Citigroup and U.S. Bank,...

  • Talk about OPEC's response to a 30- percent drop in global oil prices since June intensified this week after Venezuela called for increased cooperation within the cartel, as well as with non-members including top producer Russia. The head of Russia's state-backed oil giant Rosneft will fly to Vienna on Nov. 25, two days before OPEC members meet in the city.

  • Nov 18- Struggling department store chain Sears Canada Inc reported its 10th loss in 15 quarters, showing little sign that its turnaround plans are bearing fruit. Sales at the company's stores has been declining for years, faced with tough competition from U.S.-based rivals such as Wal-Mart Stores Inc, Target Corp and Nordstrom Inc.. Sears Canada, most of whose...

  • US DOLLAR GAINS SLIGHTLY AGAINST YEN AND EURO AFTER PRODUCER PRICE INFLATION DATA.

  • Services lift U.S. producer prices in October Tuesday, 18 Nov 2014 | 8:30 AM ET

    WASHINGTON, Nov 18- U.S. producer prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could persuade the Federal Reserve to keep interest rates very low a bit longer. The Labor Department said on Tuesday its producer price index for final demand increased 0.2 percent, driven by a jump in prices...

  • Urban Outfitters misses Street 3Q forecasts Tuesday, 18 Nov 2014 | 8:26 AM ET

    Urban Outfitters reported third-quarter results that fell short of expectations due to weak performance at its namesake brand.

  • HELSINKI, Nov 18- Finland's Nokia launched a new brand-licensed tablet computer on Tuesday which is designed to rival Apple's iPad Mini, just six months after the company sold its ailing phones and devices business to Microsoft for over $7 billion. "With the agreement with Microsoft, as is customary, we have this transition and we can't do smartphones...

  • DUBAI, Nov 18- The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region. While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets...

  • Nov 18- Chinese solar company JA Solar Holdings Co Ltd reported its fourth straight quarterly profit, helped by higher demand for solar panels and modules, and raised its shipment forecast. JA Solar shares were up 6.6 percent in premarket trading. JA Solar reported a net profit of $25.3 million, or 42 cents per American Depositary Share, compared with a year-ago...

  • SAO PAULO, Nov 18- Brazil's President Dilma Rousseff is politically responsible for a growing money-laundering and bribery scandal at state-run oil company Petroleo Brasileiro SA, although she was probably not personally involved enough to justify impeachment, the main opposition party's leader in the Senate said. Aloysio Nunes of the centrist Brazilian...

  • LONDON, Nov 17- Political rhetoric raising the possibility that Britain may leave the European Union could already be deterring foreign investment and harming London's financial services industry, a top UK investor said. Britain is due to hold a general election next year with the country's relationship with Europe a key issue. Nusseibeh highlighted the...

  • Nov 18- CytRx Corp said the U.S. Food and Drug Administration placed a hold on enrolling new patients in clinical trials of its experimental cancer drug after a patient died, sending the company's shares down 11 percent in premarket trading. Patients already enrolled in the trials, currently in mid stage, will continue receiving the treatment, CytRx said.

  • NEW YORK, Nov 18- U.S. stock index futures were little changed on Tuesday following a record close on the S&P 500 and ahead of producer inflation data. *Shares in Europe advanced, boosted by German analyst and investor sentiment, which rose in November for the first time in almost a year, raising hopes of an improvement in Europe's biggest economy.

  • *Catch-up effects in south Europe driving demand- analyst. Sales rose in all major markets except France, highlighting that country's struggle to kick-start growth. Passenger car registrations in the European Union and European Free Trade Area rose to 1.11 million vehicles last month from 1.05 million in October 2013, the Association of European Carmakers...

  • BRUSSELS, Nov 18- Ukraine aims to avoid using an interim gas deal signed last month for as long as it can and eventually end its reliance on Russian gas through better EU connections, Naftogaz Chief Executive Andriy Kobolyev told Reuters on Tuesday. Ukraine and Russia signed an agreement, brokered by the European Commission, at the end of October to cover gas...

  • LONDON, Nov 18- Brent crude oil steadied on Tuesday, holding above $79 a barrel after hitting a four-year low last week, as speculation intensified that OPEC could cut output at its meeting on Nov. 27 in Vienna. The head of Russia's state-backed oil giant Rosneft will fly to Vienna on Nov. 25, just two days before OPEC members meet in the city. "We are getting closer to...

  • Sears Canada posts loss as sales fall Tuesday, 18 Nov 2014 | 7:09 AM ET

    Nov 18- Sears Canada Inc reported its third straight quarterly loss, as sales continued to decline at the struggling department store chain. Net loss widened to C $118.7 million, or C $1.16 per share, in the third quarter ended Nov. 1, from C $48.8 million, or 48 Canadian cents per share, a year earlier. The company, in which Sears Holdings Corp has a stake, said revenue fell...

  • NEW YORK/ LONDON/ SHENZHEN, Nov 18- There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled " Fragrant Villa" apartment complex in this southern Chinese city. But a Western intelligence report reviewed by Reuters says Shenzhen Lanhao is one of several companies in China that receives money from Iran...

  • MOSCOW, Nov 18- The head of Russia's central bank defended on Tuesday its decision to float the rouble, saying it had restricted speculative attacks on the currency and the country's financial markets were resilient to a slump in oil prices. The central bank has been under intense pressure to stem a slide in the rouble, which has fallen almost 30 percent against...