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  • SEOUL, Nov 24- U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon...

  • S.Korea to start yuan/won trading on Dec 1 - sources Sunday, 23 Nov 2014 | 9:18 PM ET

    SEOUL, Nov 24- South Korea plans to start direct yuan/won trading on Dec. 1, sources with direct knowledge of the matter told Reuters on Monday. Dec. 1 will be slightly ahead of an earlier plan, as South Korea strives to emerge as an international hub for growing yuan business. "The direct trading is scheduled to begin on Dec. 1 after successful preparation work...

  • SHANGHAI, Nov 24- The Shanghai Composite Index extended gains to a three-year high on Monday after the central bank unexpectedly cut interest rates on Friday to help support the economy. The index was up 1.3 percent to 2,518.0 points as of 0210 GMT, its highest level November 2011. CSI300 of the largest companies listed in Shanghai and Shenzhen was up 1.8 percent.

  • *OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Oil markets were steady in early Asian trading on Monday, with benchmark Brent crude prices remaining above $80 a barrel following a rally late on Friday over China's interest rate cut and ahead of a possible output reduction by producer group OPEC. Asian stock markets and the dollar rose on Monday morning, fuelled...

  • SYDNEY, Nov 24- London Metal Exchange metals eased on Monday, paring gains sparked by China's first rate cut in two years, as the prospect of sputtering growth in the world's top metals consumer cast doubts over the strength of its metals demand. *European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent...

  • SYDNEY, Nov 24- Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. "China's rate cut adds to the determination of global policy makers to avoid deflation and support growth," said Shane Oliver, head of investment strategy at fund manager AMP...

  • China's yuan opens weaker after surprise rate cut Sunday, 23 Nov 2014 | 8:40 PM ET

    SHANGHAI, Nov 24- China's yuan opened at 6.1280 per dollar on Monday, softening slightly from Friday's close after the central bank caught markets off-guard by cutting benchmark lending rates by 40 basis points. The People's Bank of China set the midpoint rate weaker at 6.1420 per dollar prior to market open, compared to 6.1387 per dollar at the previous fix.

  • SINGAPORE, Nov 24- Gold traded firmly above $1,200 an ounce on Monday, retaining gains from the previous session on hopes that a surprise rate cut in China would boost demand for bullion in the top consumer. *Gold got a boost from short-covering after China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest...

  • SINGAPORE, Nov 24- U.S. crude futures steadied above $76 a barrel on Monday, clinging to gains from the previous session after a rally spurred by China's first interest rate cut in more than two years. *Friday's surprise cut in China's interest rates reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures...

  • *BHP aims for at least $4 bln in savings by June 2017. MELBOURNE, Nov 24- BHP Billiton stepped up its cost-cutting plans on Monday as the world's biggest miner battles a sharp slide in iron ore, coal and oil prices, and said the unloved assets it is spinning off are still making money despite the rout. BHP expects to reap savings of at least $4 billion by June 2017, up from an...

  • *Sources say China ready to ease further after rate cut. SYDNEY, Nov 24- Asian share markets followed the dollar higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single currency was matching 28- month lows in early trade having shed 1.2 percent on Friday when European...

  • A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • Korea holds winning hand as Japan gambling bill dies Sunday, 23 Nov 2014 | 6:14 PM ET
    Hanging above the "Center Bar," a Pepsi-branded LED display with 2.1 million pixels.

    South Korea looks like the consolation prize as Japan's $15 billion casino dream fades.

  • *Aussie holds gains after surprise China rate cut. SYDNEY, Nov 24- The euro flirted with a two-year trough against the dollar early on Monday and was broadly weaker as investors gave the common currency a wide berth on prospects of more easing from the European Central Bank. Selling continued in Asia on Monday, with the euro slipping towards $1.2359, just a whisker...

  • MELBOURNE, Nov 24- BHP Billiton stepped up its cost-cutting plans on Monday as the world's biggest miner battles a sharp slide in iron ore, coal and oil prices. BHP expects to reap savings of $4 billion by June 2017, up from an earlier forecast for $3.5 billion, in cost cuts over the next three years, according to slides prepared for an investor presentation on Monday.

  • Nov 23- The average price of a gallon of gasoline in the United States dropped 10 cents in the past two weeks, hitting a four-year low, according to the latest Lundberg survey released on Sunday. The gasoline price is down about 41 cents a gallon from a year ago and has dropped 88 cents from a 2014 peak of $3.72 in May. The highest price within the survey area within 48 U.S....

  • TOKYO/ SEOUL, Nov 24- South Korea looks like the consolation prize as Japan's $15 billion casino dream fades, a setback for companies such as Las Vegas Sands Corp that envisioned a new gaming hub rivalling Las Vegas in 2020.. Japan is seen as the biggest unclaimed prize, a market that research firm Union Gaming estimated would generate $15 billion in annual...

  • SHANGHAI/ BEIJING, Nov 24- A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on...

  • Some climate change impacts unavoidable - World Bank Sunday, 23 Nov 2014 | 4:00 PM ET

    OSLO, Nov 23- Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said on Sunday. "This means that climate change impacts such as extreme heat events may now be simply unavoidable," World Bank President Jim Yong Kim told a telephone news...

  • *Israel says Iran must not become "nuclear threshold state". VIENNA, Nov 23- Iran, the United States and other world powers are discussing an extension to Monday's deadline for a deal to resolve a 12- year stand-off over Tehran's atomic ambitions, Western and Iranian officials said. The talks in Vienna aim for an accord that could transform the Middle East, open the...