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  • PARIS, Dec 5- United Nations senior negotiators approved a new draft text on Saturday as a step towards a new global deal to curb climate change. The text, to be discussed by ministers next week and still containing hundreds of points of disagreement, was endorsed just in time for a midday deadline after negotiators talked through the night. Major political issues...

  • CAIRO, Dec 5- Egypt is looking to increase exports to Russia by 15 percent in the coming year, eying an opportunity to take advantage of Russian restrictions on Turkish imports, an Egyptian ministry of trade official said on Saturday. "We are targeting an increase in our agricultural exports to Russia by 15 percent over the coming year in light of the restrictions...

  • CHENNAI, India, Dec 5- India deployed hundreds of extra soldiers and relief workers to the flooded city of Chennai on Saturday, as criticism mounted that the government has been slow to respond to the heaviest rains in a century. Chennai has boomed as a centre for vehicle factories and IT outsourcing, but trash-filled drains and building on lake beds in the rush to...

  • DETROIT, Dec 4- The United Auto Workers union won its first organizing vote on Friday at a foreign-owned auto assembly plant in the U.S. About 71 percent of skilled trades workers who cast ballots at Volkswagen AG's factory in Chattanooga, Tennessee voted to join the UAW, according to the company and the union. Gary Casteel, UAW secretary-treasurer and head of the...

  • TOKYO, Dec 5- Japan's securities watchdog will recommend that Toshiba Corp should be fined 7.37 billion yen for accounting violations, a person familiar with the process told Reuters on Saturday. Toshiba, whose business spans household electronics to nuclear power, has said it inflated profits by about 155 billion yen in a period spanning about seven years.

  • SANTIAGO, Dec 4- Argentine president-elect Mauricio Macri said on Friday he was looking to build new Pacific trade links in energy supply as he seeks improved relations with neighboring Chile. Argentina and Chile, who came close to blows over the Beagle Channel border dispute during the 1970 s, have continued to have on-and-off cool relations in recent decades.

  • FORT DODGE, Iowa, Dec 4- U.S. Democratic presidential candidate Hillary Clinton said on Friday that world financial markets have "already processed" a possible interest rate hike by the Federal Reserve. The U.S. Labor Department reported on Friday that employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most...

  • MUNCIE, United States- Federal Reserve Bank of St. Louis President James Bullard speaks on the economy and monetary policy before the 20th Annual Indiana Economic Outlook Luncheon hosted by the Center for Business and Economic Research, Ball State University- 1730 GMT. BRUSSELS- Bank of England Governor Mark Carney appears before European Parliament...

  • BRASILIA, Dec 4- Brazil's troubled investment bank Grupo BTG Pactual is considering the sale of a series of assets to interested investors to improve its liquidity but has not signed any deals yet, the bank said on Friday in a securities filing. Earlier on Friday, BTG Pactual SA said it had secured a 6 billion-real lifeline from a deposit guarantee fund backed by...

  • BOSTON, Dec 4- Billionaire investor Carl Icahn reported on Friday that he now owns 12.12 percent of auto parts company Pep Boys-Manny, Moe& Jack, which agreed to sell itself to Bridgestone in October, and said its retail automotive parts segment would be a perfect fit for rival Auto Plus. The move comes less than two months after Pep Boys agreed to sell itself to...

  • SAN FRANCISCO, Dec 4- Yahoo Inc's board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley's most prominent but troubled companies. One option on the table for the nine board members is whether to sell Yahoo's core business, which includes Mail, its sports sites, and advertising technology.

  • TORONTO, Dec 4- Goldcorp Inc, the world's most valuable gold miner, said on Friday that Chief Executive Chuck Jeannes will retire after the company's annual meeting in April 2016, with current HudBay Minerals Inc Chief Executive David Garofalo to succeed him. Prior to that, he spent nearly 17 years with Glamis Gold, which was taken over by Goldcorp for $8.6 billion...

  • PARIS, Dec 4- The California Public Employees Retirement System, the largest public pension fund in the United States, will begin engaging more companies in its portfolio on climate change, its head of governance said on Friday. "This study means that we can be laser-focused on where we take our engagement," CalPERS' Investment Director of Global Governance Anne...

  • WASHINGTON, Dec 4- The amount of oil being smuggled into Turkey from Syria was not enough for anyone to profit from it significantly, a senior U.S. State Department official said on Friday, rejecting claims by Russia that top Turkish officials were benefitting by smuggling oil from areas of Syria controlled by Islamic State. "Our assessment is that there is not a...

  • ASUNCION, Dec 4- Paraguay's economy expanded 2.0 percent in the third quarter of 2015 compared with the same period last year, led by a rise in farming and industrial output, the central bank said on Friday. The bank said the June-Sept economic data left economic growth for the first nine months of the year at 3.3 percent. Soy producing Paraguay cut its growth...

  • WASHINGTON, Dec 4- U.S. auto makers are unlikely to win a much bigger share of the Japanese vehicle market despite a bid to break down trade barriers under a new Pacific trade pact, a key advisory committee found, highlighting the difficulties ahead in winning votes for the deal through Congress. The most critical report came from the Labor Advisory Committee,...

  • BRASILIA, Dec 4- Brazil's President Dilma Rousseff suffered two setbacks on Friday in her fight against impeachment, as a minister from her main coalition ally resigned and the Supreme Court quashed appeals from supporters seeking to stop the impeachment process. The reversals do not rule out Rousseff's chances of stopping impeachment proceedings, but they...

  • WASHINGTON/ PHILADELPHIA, Dec 4- Federal Reserve Chair Janet Yellen has the evidence of U.S. labor market health she wanted in order to raise benchmark interest rates for the first time in a decade this month, but she may have a tougher time selling further hikes. Yellen's arguments against potential dissenters at the Dec. 15-16 Fed policy meeting were...

  • *OPEC maintains near record output. NEW YORK, Dec 4- Oil prices fell on Friday after news that the Organization of the Petroleum Exporting Countries was planning to maintain its production near record highs despite depressed prices, as OPEC continued to guard its share of an oversupplied market. OPEC's announcement sent ripples through wider markets and...

  • OTTAWA, Dec 4- Canada's Liberal government, unveiling its plans at the start of the new Parliament, promised on Friday to pursue a fiscal plan "that is responsible, transparent and suited to challenging economic times." Liberal leader Justin Trudeau won a parliamentary majority in the Oct. 19 election promising to return Canada back into deficit in order to...