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  • China's yuan broadly steady on strong fixing Wednesday, 17 Dec 2014 | 12:15 AM ET

    HONG KONG, Dec 17- China's yuan held steady against the dollar on Wednesday after the central bank set its daily midpoint at a fresh 10- month high, an encouraging sign of stability in the Chinese unit amid fears of fallout from a currency crisis in Russia. The People's Bank of China fixed the official midpoint at 6.1137 per dollar, its strongest level since Feb. 19...

  • LAUNCESTON, Australia, Dec 17- The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that's likely to persist in 2015.. This has been especially the case with China, where concern over the slowing pace of economic growth has been used as an explanation for weaker commodity prices.

  • U.S. Architecture Billings Index falls in November Wednesday, 17 Dec 2014 | 12:01 AM ET

    Dec 17- The Architecture Billings Index, an indicator of U.S. non-residential building activity, fell in November, the American Institute of Architects said on Wednesday. The index fell to 50.9 in November from 53.7 in October. Heading into next year, architecture firms are concerned with finding quality contractors for projects and coping with high costs of...

  • Beautycounter, a seller of skincare and cosmetics, was founded in Santa Monica in 2013 by Gregg Renfrew, the company's chief executive. Its products, including Beautycounter's popular glow sugar scrub, vibrant eye perfector and routine clean cream cleanser, are sold through independent consultants, e-commerce and partners like retail chain J. Crew and...

  • Telstra in talks with Pacnet for potential acquisition Tuesday, 16 Dec 2014 | 11:52 PM ET

    SYDNEY, Dec 17- Australia's largest telecom services provider Telstra Corporation Ltd on Tuesday said it was in talks with the owners of Pacnet Ltd to buy the undersea cable operator. Earlier Bloomberg had reported, citing a source, that the two companies were nearing an agreement, in a deal that would give Telstra ownership of more than 46,000 kilometers of...

  • BEIJING, Dec 17- China stocks climbed higher on Wednesday as bank shares continued to surge on mainland markets, but Hong Kong's benchmark index slipped again and the price gap for dual-listed shares widened. The CSI 300 banking index was up 5.81 percent at the end of the morning, led by a 9.99 percent increase in Minsheng Bank and 8.75 percent increase for Bank of...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • Dec 16- On Deck Capital Inc, an online small-business lender, said its initial public offering was priced at $20 per share, above the expected range of $16- $18. The New York- based company, which offers loans of up to $250,000, counts First Round Capital, Google Ventures, Institutional Venture Partners, Tiger Global Private Investment Partner and SAP Ventures among...

  • TOKYO, Dec 17- Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen, maintaining economic policy pressure on Prime Minister Shinzo Abe days after his ruling coalition's big election win. Analysts say the slowdown followed a jump in October exports from one-off...

  • MANILA, Dec 17- The Asian Development Bank slightly trimmed its growth forecast for developing Asia for this year and next, but said sliding prices for oil should help economies in the region push through with growth reforms. In its update to the 2014 outlook, ADB said on Wednesday developing Asia was now expected to grow 6.1 percent this year, a tad below its 6.2...

  • *OPEC unwilling to cut supply, spurring weakness. Non- OPEC member Russia, one of the world's top producers, has also indicated that it does not plan to cut output despite a glut in the market. U.S. crude for January delivery dropped 97 cents to $54.96 a barrel after touching the lowest since May 2009 at $53.60 on Tuesday.

  • WASHINGTON, Dec 16- The United States confirmed steep import duties on solar products from China and Taiwan on Tuesday in a decision that may inflame trade tensions between the two countries. Producers in China face separate anti-subsidy duties. The move is set to deal a heavy blow to China and Taiwan's solar panel shipment to the U.S. market in the short term,...

  • *Honda CEO frustrated by Takata failure to explain defect. *Takata says Honda did not disclose any faults uncovered. Two senior Honda insiders, who asked not to be named, said the tests on 100-150 Takata air bags at Honda's quality centre near Utsunomiya, north of Tokyo, in the first half of this year indicated shortcomings in Takata's manufacturing quality and...

  • Dec 16- When the almost 11,000 financial advisers in Wells Fargo& Co's branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more. Morgan Stanley, the largest U.S. brokerage firm with more than 16,000 advisers, for example, does not credit brokers for purchases...

  • WASHINGTON, Dec 16- A decision by the U.S. Senate on Tuesday to set aside a terrorism insurance bill until 2015 has killed, for now, a provision requiring that one seat on the Federal Reserve's board be dedicated to a person with community banking experience. Congress moved a step closer last week to mandating a seat on the central bank's seven-person board be given...

  • SINGAPORE, Dec 17- Asia's top companies reported a much more positive outlook in the fourth quarter of 2014 with optimism among Indian companies in particular buoyed by a change in government, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey showed. The Thomson Reuters/ INSEAD Asia Business Sentiment Index rose to 72 in the fourth quarter...

  • THOMSON REUTERS/ INSEAD ASIA SENTIMENT SURVEY SHOWS BUSINESSES IN INDIA, AUSTRALIA MOST OPTIMISTIC.

  • SINGAPORE, Dec 17- Business sentiment among Asia's top companies rose in the fourth quarter with builders switching to most optimistic from least just three months earlier due in part to increased new orders, while property developers also showed a rise in sentiment. The Thomson Reuters/ INSEAD Asian Business Sentiment Index rose to 72 in the fourth quarter, up...

  • NEW DELHI, Dec 17- Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/ INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/ INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the...

  • NEW DELHI, Dec 17- Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/ INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/ INSEAD Asian Business Sentiment Index increased to 72 in the fourth quarter from 66 in the...