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  • Libyan OPEC official indicates output cut on Nov 27. NEW YORK, Nov 19- Oil prices fell for a third straight day on Wednesday, as early gains on talk of a possible OPEC output cut vanished after the Federal Reserve released minutes of last month's policy meeting revealing worries that U.S. inflation could remain below target for "quite some time."

  • Bond yields, which move inversely to prices, initially trimmed gains as the headlines from the Fed minutes showed a slightly dovish bent, according George Goncalves, head of U.S. rates strategy at Nomura Securities in New York. "On balance, the Fed's statement, released at the conclusion of its Oct. 29 meeting was surprisingly hawkish, a tone that was not maintained...

  • NEW YORK, Nov 19- U.S. stocks ended little changed on Wednesday as minutes from the recent Federal Reserve meeting gave investors few new clues as to when U.S. interest rates may rise. The Dow Jones industrial average fell 4.66 points, or 0.03 percent, to 17,683.16, the S&P 500 lost 3.17 points, or 0.15 percent, to 2,048.63 and the Nasdaq Composite dropped 26.73 points,...

  • WELLINGTON, Nov 20- Italian luxury textiles house Loro Piana recently made its annual trip down under to select two bales of the finest merino wool, one from New Zealand and the other from Australia, for its premier line of suits, which sell for tens of thousands of dollars. "Any time we mention New Zealand wool and build brands that mention New Zealand origin, we're...

  • BEIJING, Nov 20- Even as China's home prices suffered their biggest annual fall in nearly four years in October, there are early indications the worst might have passed as property sales, investment and construction all show some signs of recovery. "Now I can think about buying a small house in the Beijing suburbs." After home prices powered to record highs in four of...

  • China's electric vehicle sales surged five-fold in the first 10 months of 2014, powered by Beijing subsidies. As China's demand for luxury and premium cars cools, the Guangzhou autoshow this week hosts a separate event dedicated to green vehicles. "China's green vehicle market will be huge," said Arnold Chan, Deputy Chairman of China Dynamics Holdings Ltd..

  • Deregulation at heart of Japan's new robotics revolution Wednesday, 19 Nov 2014 | 4:00 PM ET

    TOKYO, Nov 20- Neurosurgeon Tetsuya Goto had just begun testing a robot to perform brain surgery when he discovered Japan was moving to tighten regulations that would shut down his seven-year project. Japan, with the world's largest robot population, is now awakening to a crisis as its lead in robotics- one of its last areas of technological prominence- comes...

  • NEW YORK, Nov 19- Starbucks Corp has this year bought coffee beans from China at its highest volume ever, shipping data show, reflecting the country's burgeoning role as bean supplier amid supply concerns among traditional exporters. That is a fraction of total coffee imports by Starbucks- also the leading overall importer- from across the globe in the...

  • LOS ANGELES, Nov 19- NBC said on Wednesday it has canceled an upcoming project with veteran comedian Bill Cosby, his second show to be pulled after accusations that he sexually assaulted women resurfaced in recent weeks. The move by NBC comes a day after online streaming company Netflix Inc said it was postponing Cosby's stand-up comedy special " Bill Cosby 77,"...

  • NEW YORK/ LONDON, Nov 19- Gold fell more than 1 percent in choppy trade on Wednesday after a poll showed weaker support among Swiss voters for a referendum that would force the central bank to boost its gold reserves. "The fact that the poll for the Swiss Gold Referendum fell short of majority may have aided the market's sell-off," said Carlos Sanchez, director of...

  • FOREX-Dollar reaches seven-year highs against yen Wednesday, 19 Nov 2014 | 3:35 PM ET

    Diverging economic outlooks for the United States, Europe and Japan make it likely that the Fed will begin raising rates next year while the Japanese and European central banks maintain stimulus to try to facilitate growth in their regions. "The market is still bullish on the dollar and is looking for dips to buy," said Greg Anderson, global head of FX strategy for...

  • GLOBAL MARKETS-Dollar, bond yields gain after Fed minutes Wednesday, 19 Nov 2014 | 3:30 PM ET

    NEW YORK, Nov 19- The dollar hit a seven-year high against the yen on Wednesday and U.S. The tendency has been for the minutes to go the other way of the statement, said Robbert Van Batenburg, director of market strategy at Newedge in New York. The yen weakened further after the minutes were released, with the dollar rising as high as 118.0 yen, its highest since August...

  • Bond yields, which move inversely to prices, initially trimmed gains as the headlines from the Fed minutes showed a slightly dovish bent, according George Goncalves, head of U.S. rates strategy at Nomura Securities in New York. "On balance, the Fed's statement, released at the conclusion of its Oct. 29 meeting was surprisingly hawkish, a tone that was not maintained...

  • Nov 19- PJM Interconnection, the operator of the biggest power grid in the United States, said on Wednesday that demand for power hit a new record for the month of November due to the cold weather. Peak demand on Tuesday reached 121,987 megawatts, topping the 114,699 MW reached last November. PJM, which operates the grid in 13 states from New Jersey to Illinois, said it...

  • WASHINGTON, Nov 19- It now appears difficult to reach a comprehensive nuclear deal with Iran by a Nov. 24 deadline but it is not impossible, U.S. Six major powers are in negotiations with Iran in an effort to reach an agreement under which Iran would agree to curb its nuclear program in exchange for relief from economic sanctions ahead of a self-imposed Nov. 24...

  • SAN FRANCISCO, Nov 19- A San Francisco Bay Area entrepreneur and author whose location in an Uber vehicle was allegedly broadcast to a roomful of party-goers without his permission considered legal action against the company and consulted an attorney, he said on Wednesday. He singled out Pando Daily editor Sarah Lacy, saying researchers would be able to prove "a...

  • Canada says considering issuing more ultra-long bonds Wednesday, 19 Nov 2014 | 3:14 PM ET

    OTTAWA, Nov 19- Canada is considering issuing more long bonds with a 50- year maturity, the country's department of finance said on Wednesday. "The government of Canada is considering issuing more ultra-long bonds, subject to favorable market conditions, through a reopening of the 2.75 percent Government of Canada bond maturing on December 1, 2064 using a...

  • Nov 19- Miner Cliffs Natural Resources Inc may file for creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, analysts said. On Wednesday, Cliffs said it might have to close its Bloom Lake iron ore mine in Quebec at a cost of up to $700 million as it struggles to find funds to expand the project.

  • UPDATE 1- Alibaba will sell debut bond on Thursday Wednesday, 19 Nov 2014 | 3:12 PM ET

    NEW YORK, Nov 19- Chinese e-commerce giant Alibaba will sell its first-ever bond on Thursday, a jumbo trade expected to be around US $8 bn in size that comes just two months after the company's record IPO. Alibaba, which has been sounding out investors this week in Asia, Europe and the US for what will be one of the most sought-after trades of the year, announced the deal...

  • Apple to offer Beats music service in iPhone, iPad - FT Wednesday, 19 Nov 2014 | 3:09 PM ET

    Nov 19- Apple Inc will bundle the subscription music service it bought from Beats into its iOS operating system early next year, the Financial Times reported. Google Inc said last week that YouTube is rolling out a long-awaited paid monthly music subscription service called YouTube Music Key. Apple, which bought music streaming and audio equipment company...