NUSA DUA, Indonesia, Dec 7- The World Trade Organization cleared the way for its first ever worldwide trade reform on Saturday after Cuba dropped a threat to veto the package of measures, sources involved in the talks said.» Read More
NEW YORK, June 12- The U.S. economy should regain momentum in the latter half of the year, improving from what will likely be a weak second quarter even as the sting of tighter fiscal policy keeps growth restrained, a Reuters poll found. Still, it has to contend with the pressure of greater fiscal austerity out of Washington.
*Sun Pharma to pay $550 million this year. June 12- Pfizer Inc said Teva Pharmaceuticals Industries Ltd and Sun Pharmaceutical Industries Ltd would pay $2.15 billion to settle a patent infringement lawsuit related to its acid-reflux drug Protonix.
NEW YORK, June 12- Hewlett-Packard Co Chief Executive Meg Whitman said on Wednesday that revenue growth is "still possible" for the computer maker in its fiscal year 2014, but she said the performance of the overall PC market is a wild card.
ZURICH, June 12- The Swiss upper house of parliament backed on Wednesday a bill that would let Swiss banks hand over information to the U.S. authorities to help settle a dispute on tax evasion.
*Freeport-McMoRan down after force majeure on mine. *Celgene up on share repurchase program. NEW YORK, June 12- Wall Street was poised to open higher on Wednesday, recovering after a selloff in the previous session, even as questions lingered over how soon central banks will begin to scale back supportive measures.
TORONTO, June 12- Hudson's Bay Co reported a smaller quarterly loss on Wednesday as strength at its namesake chain partly offset a weather-related drop in same-store sales at Lord& Taylor.
LONDON, June 12- The majority of British offshore winds farms are winning planning permission and proceeding to construction, suggesting that a large portion of those with outstanding applications will be built. Britain is the world leader in a technology that is expected to account for a rapidly rising share of global wind turbine demand.
LONDON- The dollar and world shares edge higher, clawing back some of Tuesday's steep losses as investors seek out bargains with one eye on central bank stimulus. (MARKETS-GLOBAL/, expect by 1300 GMT/ 9 AM ET, by Richard Hubbard, 570 words). LONDON- If currency turbulence in emerging markets escalates into full-scale investor flight, the U.S.
Renewables investment fell 12 percent to $244 billion last year, having hit a new high every year since 2004- except in 2009 when the global financial crisis hit, said reports by the United Nations' Environment Programme and Paris- based renewables policy organisation REN21.
*Major capital flight would expose Asia's limited policy options. SINGAPORE, June 12- Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than in the past to raise interest rates if tensions escalate.
June 12- General Electric Co on Wednesday tapped Chief Financial Officer Keith Sherin to run its GE Capital unit and help oversee the streamlining of the unit, as the company focuses more on manufacturing. Sherin will replace current GE Capital Chief Executive Officer Mike Neal, who is retiring July 1, the company said.
*Oman should issue T-bills, set up govt issuance plan. DUBAI, June 12- Oman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International Monetary Fund said on Wednesday.
*Vodafone could pay for deal with existing resources. *Vodafone shares ex-div, Kabel Deutschland hit new high. LONDON/ FRANKFURT, June 12- British mobile firm Vodafone has approached Kabel Deutschland about a bid for Germany's biggest cable operator that could top 7 billion euros and help fend off competition in its most important European market.
LONDON, June 12- Britain's overseas territories will not sign up to an international convention aimed at tackling tax evasion ahead of the G8 summit in Northern Ireland next week, the premier of Bermuda said on Wednesday.
*Croatia fights worst recession since 1991 independence. *Germany's Bild brands Croatia "new graveyard" for funds. ZAGREB, June 12- At 700,000 euros, Croatia's budget to celebrate arguably the biggest moment in its 22 years as an independent state might seem a little modest.
June 12- India's Apollo Tyres Ltd said it would buy U.S.-based Cooper Tire& Rubber Co for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker. Apollo's cash offer of $35 per share represents a premium of about 43 percent to Cooper's closing price on Tuesday on the New York Stock Exchange.
*Copper falls to lowest since May 3, then rises. LONDON, June 12- Copper rose off its lowest level in almost six weeks on Wednesday on tightening supply, but a deepening economic slowdown in big commodities-consuming nations in Asia limited gains.
LONDON, June 12- Britain is to regulate electronic cigarettes as non-prescription medicine from 2016 in an attempt to improve quality, though the country's drugs watchdog said they would still be sold in convenience stores.
June 12- Indian tire manufacturer Apollo Tyres Ltd said it would buy Cooper Tire& Rubber Co for about $2.5 billion.