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*Soybeans tumble 2 pct as China cancels US supplies. Soybeans slid their most in a month after China, the world's top buyer of the oilseed, unexpectedly canceled a purchase of 300,000 tonnes of U.S. supplies. Copper settled down 0.3 percent in New York and 0.5 percent in London, with traders saying any deal to avert the so-called U.S. "
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MELBOURNE/ GERALDTON, Australia, Dec 19- A new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade-long mining boom and open up a huge new iron ore belt to export to Asian markets.
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WASHINGTON, Dec 18- Wal-Mart Stores may be facing sizeable fines related to allegations of widespread bribery at its Mexican affiliate, after a second report from the New York Times provided more details about the scope of the potential misconduct.
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NEW YORK, Dec 18- Rating agency Standard& Poor's on Tuesday raised Greece's sovereign credit rating to B-minus with a stable outlook from selective default, citing Europe's efforts to keep the country part of the euro. Greece's finance minister, Yannis Stournaras, said the move was encouraging but that the country has more work to do.
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CALGARY, Alberta, Dec 18- Royal Dutch Shell Plc has scrapped plans for a coalbed methane gas project near Canada's Pacific Coast in the face of local opposition and weak natural gas prices, ending an eight-year battle over development, the company and the British Columbia government said on Tuesday.
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WASHINGTON, Dec 18- Republicans tried to squeeze more concessions from the White House on taxes on Tuesday in political maneuvering for a deal that would prevent the U.S. economy from going over the "fiscal cliff" in the new year.
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NEW YORK, Dec 18- Stories of boards and leadership are the Aesop's fables of the business world. Tales of power, money, ethics, hubris and the consumers and stakeholders in the businesses that surround us serve as cautionary tales and markers for our future.
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WASHINGTON, Dec 18- The World Bank pledged $900 million to Iraq over the next four years to help it create jobs, build stronger institutions and improve social inclusion, the global development lender said in a statement on Tuesday.
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GAINESVILLE, Texas, Dec 18- The U.S. "Quantitative easing is a necessary but insufficient tool to spark job creation," Dallas Fed President Richard Fisher said at the Gainesville Area Chamber of Commerce. "
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Dec 18- Three former executives of the TheStreet Inc have agreed to pay civil penalties totaling $375,000 to settle accounting fraud allegations, the U.S. Securities and Exchange Commission said on Tuesday.
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*Moody's put Petrobras on downgrade watch Monday. RIO DE JANEIRO, Dec 18- The decision on Monday by Moody's Investors Service to put Petrobras on watch for a possible debt downgrade is the latest sign that the problems at Brazil's state-led oil company are going from bad to worse.
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*Record sugar output for Brazil 2013 crop expected. *Brazil farmers withhold coffee, hoping for higher prices. NEW YORK/ LONDON, Dec 18- Raw sugar on ICE finished barely changed on Tuesday after tumbling initially on a supply surplus, as the sweetener continued its bid to recover from the more-than-two-year lows in price set last week.
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Brent February crude rose $1.20, or 1.11 percent, to settle at $108.84 a barrel, having traded from $107.93 to $108.95.
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*Dow up 0.8 pct, S&P 500 up 1 pct, Nasdaq up 1.4 pct. NEW YORK, Dec 18- U.S. stocks rose on Tuesday as investors positioned for a better economic environment as confidence grew a deal would be struck in Washington regarding the ongoing budget negotiations. The gains added to Monday's rally, giving the S&P 500 its best two-day run in a month.
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NEW YORK, Dec 18- Knight Capital Group's board is expected to soon enter into exclusive talks with either Getco Holding Company LLC or Virtu Financial LLC on the sale of the company, two sources familiar with the negotiations said on Tuesday.
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That spurred some companies typically shunned by the bond market to issue debt, and now some of those high-risk deals are beginning to sour, including recent issuance by commodities firm Olam International Ltd. And that is making investors wary.
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Dec 18- Japanese banks and pensioners will be first in line to feel the pain if Japan successfully reignites inflation and inflates away its debts. Fresh from a landslide victory on Sunday, Shinzo Abe, Japan's next prime minister, lost no time in hammering home the demands he's made on the Bank of Japan, saying the electorate had ratified his calls for more stimulus.
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Vanguard of Pennsylvania said in a statement it is "deeply saddened by the tragedy in Connecticut" but said most of its shares in Smith& Wesson and rival Sturm Ruger& Co are held in index funds that are required to track their indexes.
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*Gold at key chart support near $1,660/ oz. If gold is not able to defend those key supports, one should expect a new wave of technical selling to continue, "said Adam Sarhan, chief executive of Sarhan Capital. Spot gold was down 1.9 percent at $1,666.90 an ounce Earlier in the session, bullion hit $1,661.01, a 3-1/ 2 month low for the weakest price since Aug. 31.
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SAN JOSE, Costa Rica, Dec 18- Costa Rica on Tuesday nominated Trade Minister Anabel Gonzalez to run for director general of the World Trade Organization, making her the first Latin American and the second candidate to enter the race.