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  • BRASILIA, Dec 30- Brazil said on Wednesday it will start repaying massive debts to state-run banks using bond sales, a step towards reining in swollen budget deficits that recently cost Latin America's largest economy its coveted investment grade. The government started by announcing on Wednesday the sale of 1.5 billion reais in bonds to partly repay a debt to...

  • NEW YORK, Dec 30- The year's top-performing global equities fund as rated by Morningstar sees Asian and emerging market stocks as undervalued and primed to outperform in 2016.. Kristian Heugh, whose $641 million Morgan Stanley Global Opportunity fund gained 20 percent for the year through Dec. 29, said his fund has been adding positions in South Korean...

  • LONDON, Dec 30- Brent crude slid back towards 11- year lows on Wednesday as U.S. stockpiles swelled and Saudi Arabia reiterated a commitment to keep pumping oil. At 1550 GMT, Brent traded $1.10 lower at $36.69 per barrel, less than $1 away from 11- year lows reached last week. "In all the years I have been doing this, I have never seen builds in the last week of December," said...

  • *Puerto Rico default on some debt seen likely. NEW YORK/ SAN JUAN, Dec 30- Puerto Rico Governor Alejandro Garcia Padilla will address the island's debt crisis at a press conference Wednesday, as it nears a Jan. 1 deadline for a near- $1 billion debt payment. Analysts and sources close to the matter expect Puerto Rico to pay the roughly $330 million in general obligation...

  • NEW YORK, Dec 30- The U.S. dollar rallied against commodity currencies such as the Norwegian crown and Russian ruble on Wednesday after declining oil prices weighed on the currencies of oil-dependent economies, while short-covering kept the euro afloat. Brent crude oil retreated toward 11- year lows as Saudi Arabia's oil minister made it clear the kingdom had...

  • MUSCAT, Dec 30- Oman's cabinet approved in principle spending cuts, tax rises and fuel subsidy reforms to cope with the damage to state finances from low oil prices, state news agency ONA reported on Wednesday. Oman, a small oil exporter, has been hit hard by low oil prices; the government posted a budget deficit of 3.26 billion rials in the first 10 months of this year,...

  • RIO DE JANEIRO, Dec 30- Brazil's Rio de Janeiro state, facing a budget shortfall caused in part by plunging oil prices, imposed new taxes on petroleum and natural gas on Thursday, a move critics say will slash investment in an already battered industry. Rio de Janeiro, responsible for 67 percent of Brazil's crude output and 40 percent of its natural gas, will charge a...

  • Dec 30- KaloBios Pharmaceuticals Inc, which fired chief executive Martin Shkreli earlier this month, filed for Chapter 11 bankruptcy on Tuesday. The drugmaker listed both its assets and liabilities in the range of $1 million to $10 million in its filing with the U.S. bankruptcy court for the District of Delaware. Martin Shkreli gained notoriety when, as the chief...

  • BOSTON, Dec 30- Fidelity Investments, one of the largest investors in pre-IPO companies, boosted the value of Twilio Inc by 31 percent in November, as speculation builds that the provider of mobile messaging platforms may go public in 2016.. Fidelity's $100 billion- plus Contrafund valued its Series E stake in Twilio at $43.5 million in November, compared with...

  • *Pep Boys down after Bridgestone pulls out of buyout. Dec 30- U.S. stock indexes were marginally lower on Wednesday as Brent crude retreated to near 11- year low. "What I would expect for today and tomorrow... would be tactical trading rather than investment strategies at work," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

  • MEDIA- SOUTH KOREA RESUMES IMPORTS OF CANADIAN BEEF- YONHAP@.

  • The Environment Agency said Britain had faced an extraordinary period of severe weather and flooding in December, with consultants PwC warning that the latest deluge from Storm Frank could take total losses above 3 billion pounds. Further heavy rain was predicted to fall throughout Wednesday as the latest storm swept across northern England, Scotland and...

  • WASHINGTON, Dec 30- Contracts to buy previously owned U.S. homes fell in November for the third time in four months, a signal that growth in the U.S. housing market could be cooling. The National Association of Realtors said on Wednesday its pending home sales index slipped 0.9 percent to 106.9. Mortgage rates have only inched higher since the Federal Reserve...

  • TEL AVIV, Dec 30- Mergers and acquisitions involving Israeli high-tech companies rose 44 percent to $7.2 billion in 2015, the highest level since 2006, but stock market listings were down as fewer companies chose to go public, consultancy PwC said on Wednesday. The number of initial public offerings fell to eight this year, valued at $3.5 billion, compared with...

  • BOSTON, Dec 30- Fidelity Investments, one of the largest investors in pre-IPO companies, boosted the value of Twilio Inc by 31 percent in November, as speculation builds that the provider of mobile messaging platforms may go public in 2016..

  • FIDELITY CUT PRE-IPO VALUE OF NUTANIX BY 11 PCT AND GENSIGHT BIOLOGICS BY 44 PCT- FUND DISCLOSURES.

  • FIDELITY BOOSTS PRE-IPO VALUE OF TWILIO BY 31 PCT, TABOOLA.COM.

  • MUMBAI, Dec 30- India's mobile phone subscriber base peaked to more than 1 billion users for the first time, data released by the telecom regulator on Wednesday showed, making India the only country after China to achieve that milestone. Total wireless subscribers in Asia's third-largest economy rose to more than 1 billion at the end of October from 996.7...

  • KHOBAR, Saudi Arabia, Dec 30- Saudi Arabian Oil Minister Ali al-Naimi said the kingdom, the world's top crude exporter, does not limit its output and has the capacity to meet additional demand, state television Al Ekhbariya reported on Wednesday. The Wall Street Journal, which reported the same comments as Al Ekhbariya, also quoted Naimi as saying Saudi Arabia's...

  • The FCC says video accounts for more than 60 percent of U.S. Still, the United States only ranks 25 out of 39 nations in 2013, according to the FCC. It said the United States was behind many countries including France, Canada, Germany and Japan-- but ahead of Brazil, Chile, Mexico, and Israel.