July 23- Freeport-McMoRan Inc reported second-quarter earnings on Wednesday that were little changed from a year earlier, and said it was "encouraged" by tax-related discussions with Indonesia. The company had cut production in Indonesia, which weighed on results in the quarter ended June 30, but company-wide, copper, gold and molybdenum production rose.» Read More
*Asia shares nudge higher, Australia outperforms on upbeat data. Fed Chair Janet Yellen appears before the House Financial Services Committee at 1500 GMT and will likely face questions on the state of the labour market and the future pace of tapering.
*Hong Kong and H-shares at one-week high on policy optimism. HONG KONG, Feb 11- Hong Kong shares are set to post their best daily gain in nearly 3 months on Tuesday, led by Chinese insurers and energy counters on optimism that Beijing will likely unveil more policy that could favor earnings growth in some sectors.
*Coming up: Fed Chair Janet Yellen House testimony 1500 GMT. SINGAPORE, Feb 11- Spot gold climbed to its highest in nearly three months on Tuesday ahead of Congressional testimony by the new chief of the Federal Reserve, on hopes that the U.S. central bank may slow the pace of its stimulus tapering.
*Coming up: Fed Chair Yellen testimony to Congress at 1500 GMT. With all eyes on Janet Yellen in her first testimony to Congress, many investors expect her to indicate slower stimulus tapering following recent mixed data in the world's biggest economy. Brent crude for March delivery was up 8 cents at $108.71 per barrel at 0321 GMT, after settling 94 cents lower.
*Aussie touches levels above $0.9000, hits 1- month peak. SYDNEY/ SINGAPORE, Feb 11- The dollar eased to a two-week low against a basket of major currencies on Tuesday ahead of congressional testimony by new U.S. Federal Reserve chief Janet Yellen, while the Aussie dollar benefited from an upbeat business survey.
LOS ANGELES, Feb 10- The most powerful winter storm to hit California in more than a year dumped several feet of snow in the high Sierras and soaked lower elevations with rain over the weekend, easing drought conditions but leaving the state thirsting for more, officials said on Monday.
WASHINGTON, Feb 10- Republican leaders in the U.S. House of Representatives will seek to make a 13- month extension of the federal debt limit conditional on the repeal of a planned cut in military pension benefits, lawmakers said on Monday. The proposal from U.S. House Speaker John Boehner came after weeks of internal party struggle.
*Gold hits 3- mth high, dollar eases ahead of Yellen testimony. Fed Chair Janet Yellen gives her first testimony before the House Financial Services Committee at 1500 GMT, and will likely face questions on the state of the labour market and the future pace of tapering. The dollar also dipped a touch to 102.10 yen though activity was curtailed by a holiday in Japan.
SYDNEY, Feb 11- Shanghai copper slid to its lowest in more than two months on Tuesday, with factories in the top metals user ramping up only slowly after the Lunar new year break, curbing consumer demand.
Feb 10- Virgin America, the U.S. carrier in which Richard Branson's Virgin Group has a minority stake, has appointed Barclays and Deutsche Bank to lead an initial public offering, the Financial Times reported on Monday, citing people familiar with the situation.
The former banker, Martin Lack, is a Swiss national who was indicted in 2011 in Florida on a charge of conspiracy to defraud the United States. In a court filing last week, Lack's attorney and the U.S. Department of Justice asked a federal judge in Fort Lauderdale, Florida to set a date for Lack to plead guilty.
SINGAPORE Feb 11- U.S. oil futures slipped under $100 per barrel on Tuesday following a drop in heating oil prices as the possibility of milder weather next week curbed demand and raised the prospect of an end to a long winter.
SINGAPORE, Feb 11- Gold was trading near its highest in two weeks on Tuesday ahead of Congressional testimony by the new chief of the Federal Reserve, on hopes that the U.S. central bank may rethink the pace of its stimulus tapering.
SINGAPORE, Feb 11- Myanma Airways has agreed to lease 10 new Boeing 737 jets from GE Capital Aviation Services, the world's biggest leasing company, in what appears to be the largest single fleet expansion in Myanmar.
SAO PAULO, Feb 10- New York- based investment bank Greenhill& Co Inc has hired former Goldman Sachs Group Inc dealmaker Rodrigo Mello as it expands its mergers and acquisitions unit in Brazil.
BOGOTA, Feb 10- Heads of state from South America's Pacific Alliance, comprising of Chile, Colombia, Mexico, and Peru signed a deal on Monday that will scrap nine-tenths of tariffs on goods and services traded between them.
LONDON- Fathom Consulting Monetary Policy Forum with Bank of England Former Monetary Policy Members DeAnne Julius, John Gieve and Andrew Sentance- 0900 GMT. FRANKFURT- Eurogroup Working Group head Thomas Wieser gives speech on " Europe's financial architecture: delivering on stability" at Goethe University- 1130 GMT.
WASHINGTON, Feb 10- The Obama administration on Monday again delayed a contentious healthcare law requirement that requires all but the smallest employers to provide coverage to full-time workers, this time by giving medium-sized businesses another year to comply.
SAO PAULO, Feb 10- New York- based investment bank Greenhill& Co Inc has hired former Goldman Sachs Group Inc dealmaker Rodrigo Mello as it expands its mergers and acquisitions operation in Brazil.
Feb 10- Rackspace Hosting Inc's chief executive of seven years is retiring as the web hosting company looks to transition into a cloud software developer. The company, whose recent customer wins included Directv and Swiss watch maker Swatch, forecast 2014 revenue of $1.77 billion to $1.8 billion, largely below analysts' estimate of $1.79 billion.