*Nikkei rises 1.2 pct, Topix up 0.7 pct in active trade. *Sony jumps on report of assessing spin-off proposal.» Read More
*South Carolina city fears impact of Washington's intransigence. *Charleston is symbol of potential pain should talks fail. Charleston, a beautiful city steeped in history and awash in tourist dollars, would seem at first glance a world apart from the harm that could be caused by the combination of spending cuts and higher taxes.
*Italy general elections now likely in February. MILAN, Dec 9- Prospects of a political crisis in Italy sooner than expected- after Prime Minister Mario Monti said he intends to resign early- are expected to drive up Rome's borrowing costs and tensions in the euro zone after months of calm on the bond market.
*Target to open across Canada starting next spring. TORONTO, Dec 9- Canadian retailers of all stripes are bracing for the day next spring when Target Corp unlocks the doors of its first stores north of the border, but its instant competitive heft probably won't weigh on all retail stocks equally.
*S&P 500 close to reversing post-election losses. NEW YORK, Dec 9- Like many on Wall Street, investor Todd Petzel cringed when U.S. The S&P 500 index has nearly retraced the 5.3 percent slide it suffered in the first seven sessions after the Nov. 6 vote.
*New licence round "depends on situation in Libya". TRIPOLI, Dec 9- Libya could proceed with a new round of oil exploration and production agreements in the current transitional period but the priority for now is to maintain pre-war output levels and future targets, the OPEC member's new oil minister told Reuters.
DOHA, Dec 9- Developing nations will push next year for a radical U.N. mechanism to compensate them for the impact of climate change, such as droughts or rising sea levels, despite reluctance among wealthy states which would have to foot the bill.
WASHINGTON, Dec 8- The U.S. needs a balanced, comprehensive approach to tackle its fiscal woes that should include a mix of spending cuts and revenue increases, the head of the International Monetary Fund said on Sunday.
Dec 9- An experimental leukemia drug from Ariad Pharmaceuticals Inc eliminated the cancer from the bone marrow of nearly half of patients with a chronic form of the disease who had stopped responding to other drugs, according to a 12- month follow-up of a pivotal drug trial.
BUCHAREST, Dec 9- Romania's prime minister was headed for victory in parliamentary elections on Sunday that could set off another round of a power struggle with the rightist president and complicate talks for a new IMF deal. Victor Ponta's leftist Social Liberal Union will win the most votes and possibly a clear majority, opinion polls showed.
ECUEILLE, France, Dec 9- Shirt manufacturer Marc Roudeillac was delighted when 48 of the 49 staff in his factory in central France voted to adapt their strict 35- hour week contracts to meet the up-and-down demand of the fashion trade.
Growth in China's factory output and retail sales hit an eight-month high in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.
BEIJING, Dec 9- Growth in China's factory output and retail sales jumped to eight-month highs in November as consumer inflation bounced off 33- month lows in the latest sign that its economy is snapping out of a protracted slump.
TOKYO, Dec 9- Japan says it has halted beef imports from Brazil after the South American nation notified the World Animal Health Organization of the discovery of the protein believed to cause bovine spongiform encephalopathy in a cow.
Dec 9- The National Bureau of Statistics gave the following breakdown of Chinese industrial output for November on Sunday.:. Nov Oct Sep Aug Jul Jun May Apr Mar J-Feb Dec Overall output 10.1 9.6 9.2 8.9 9.2 9.5 9.6 9.3 11.9 11.4. Sales/output ratio 98.0 98.1 98.3 98.4 98.2 97.2 97.9 98.1 97.3 97.6.
*City fears impact of Washington's intransigence. *Charleston is symbol of potential pain should talks fail. Charleston, a beautiful city steeped in history and awash in tourist dollars, would seem at first glance a world apart from the harm that could be caused by the combination of spending cuts and higher taxes.
Athens plans to buy back bonds with a face value of about 30 billion euros at deeply discounted prices to lower its debt load. A Greek government official said on Saturday that Athens had received offers of about that sum.
NEW YORK, Dec 9- Investors typically sell stocks to cut their losses at year end. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital gains, making tax-related selling even more appealing than usual.
BEIJING, Dec 9- China's annual consumer inflation rebounded from 33- month lows to 2 percent in November, dimming the chance for more monetary policy easing as its economy recovers. "We expect consumer inflation to not see a big rebound until the first quarter of next year," said Jiang Chao, an analyst at Guotai Junan Securities in Shanghai.
BEIJING, Dec 9- The National Bureau of Statistics published on Sunday the following breakdown of China's consumer price index for November. For a story, please click on:. Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec.