The 2014-20 urbanisation plan released on Sunday aims to boost domestic consumption by increasing the proportion of urban residents among China's population of almost 1.4 billion to 60 percent by 2020, up from 53.7 percent now.» Read More
*Fed opts to continue stimulus at $85 bln monthly pace. NEW YORK, Sept 18- U.S. stocks rallied to a record high on Wednesday after the Federal Reserve surprised investors by saying it would not begin to cut its bond-buying program that has been a driving force behind Wall Street's climb of more than 20 percent this year.
WASHINGTON, Sept 18- A White House official said on Wednesday that Federal Reserve Vice Chair Janet Yellen is the front-runner to take over the top job at the U.S. central bank when Ben Bernanke steps down, the strongest indication yet of her likely nomination.
Sept 18- Facebook users who employ the website's "like" feature to show support for a political candidate engage in legally protected speech, a U.S. appeals court said, reviving a lawsuit examining the limits of what people may constitutionally do online.
"The FOMC's decision not to taper reflects the recent slowing in the economy, the lackluster employment gains, and the concerns over deflation," said John Kilduff, partner at Again Capital in New York "Monetary support for assets, especially dollar denominated commodities will continue."
*Yields drop as Fed maintains $85 billion purchases a month. NEW YORK, Sept 18- U.S. There is no question that we were being set up for Fed tapering, "said Tom Porcelli, chief U.S. economist at RBC Capital Markets in New York.
TORONTO, Sept 18- BlackBerry Ltd said on Wednesday that its popular BlackBerry Messenger instant chat application will be available for rival devices using Google Inc's Android software and for Apple's iPhone this weekend.
Sept 18- Blackberry Ltd is preparing a round of deep staff cuts by the end of 2013 and could lay off as much as 40 percent of its employees, the Wall Street Journal cited people familiar with the matter as saying on Wednesday.
NEW YORK, Sept 18- U.S. Treasuries yields fell on Wednesday after the Federal Reserve said it would maintain its bond purchases at $85 billion a month, surprising investors who had expected it would reduce the size of its purchase program. Benchmark 10- year notes were last up 23/ 32 in price to yield 2.76 percent, down from 2.86 percent before the statement.
WASHINGTON, Sept 18- Union members who work for American Airlines and US Airways Group rallied on Capitol Hill on Wednesday, urging the U.S. Justice Department to drop its opposition to a planned merger between the two airlines.
NEW YORK, Sept 18- The S&P 500 index hit a record high on Wednesday after the Federal Reserve said it would continue buying bonds at an $85 billion monthly pace for now, surprising financial markets that were braced for a reduction in the stimulus program.
*Lufthansa expected to order Airbus and Boeing jets. FRANKFURT, Sept 18- Deutsche Lufthansa signalled its second major aircraft order in six months on Tuesday, saying its supervisory board had backed a long-haul fleet plan that industry watchers expect to benefit Airbus and Boeing.
WASHINGTON, Sept 18- The U.S. Esther George of the Kansas City Fed again dissented, saying she was worried about financial bubbles due to the Fed's low rate policy. Fed Chairman Ben Bernanke will hold a news conference at 2:30 p.m. to elaborate on the central bank's thinking.
Sept 18- CME Group Inc, the biggest U.S. futures market operator, has applied with the Commodity Futures Trading Commission to register as a swap execution facility, an exchange-like platform created as a result of the global crackdown on the derivatives that helped bring the 2007-2008 credit crisis.
SAN FRANCISCO, Sept 18- A federal appeals court on Wednesday lifted an injunction on a California program that seeks to reduce greenhouse gas emissions from transportation fuels, in a boost for the state's pioneering efforts to combat global climate change.
*Sharply divided SEC issues release for public comment. *Another rule: SEC to oversee municipal financial advisers. Among the companies with the highest-paid CEOs are Oracle, Walt Disney, Viacom and Starbucks, whose CEOs in 2012 earned between $28 million and $96 million, according to the compensation data provider Equilar.
Open enrollment in the Health Insurance Marketplace will begin on October 1, "a spokesman for the Centers for Medicare and Medicaid Services said in a statement.
SAO PAULO, Sept 18- Brazil kicked off its latest campaign to lure billions in private investment to upgrade the country's creaky infrastructure by awarding the first of nine highway concessions, a process it hopes to complete by year-end.
U.S. crude oil inventories fell to their lowest level since March 2012, the Energy Information Administration reported. Supplies at the Cushing, Oklahoma, storage hub fell to their lowest level in 19 months as U.S. oil's discount to global benchmark Brent narrowed to its smallest point in a month.
WASHINGTON, Sept 18- The Office of the Comptroller of the Currency said on Wednesday that it is devoting significant resources to help smaller, community lenders fend off cyber attacks, after hackers attacked many major U.S. banks last year.
WASHINGTON, Sept 18- Republicans in the U.S. House of Representatives on Wednesday set in motion a plan that is expected to avert a federal government shutdown on Oct. 1, but bring another battle over President Barack Obama's healthcare program.