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  • NEW YORK, Nov 11- Benchmark Brent crude closed down on Tuesday after setting a four-year low and coming close to testing the psychologically important $80 a barrel support, as traders continued to seek a bottom to a selloff that began in June. U.S. crude ended up, despite expectations that oil inventories in the United States rose last week. Brent closed down 67...

  • LONDON/ WASHINGTON, Nov 11- British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market. At least one of the six banks set to be named early on Wednesday by Britain's Financial Conduct Authority was still in...

  • NEW YORK/ LONDON, Nov 11- Gold rose around 2 percent on Tuesday as the dollar fell and the previous session's two-percent slide triggered physical buying interest among Asian investors, though prices remain under pressure from all-time highs in the U.S. equity markets. Physical buying gathered pace in Europe and China on Tuesday, traders said, supporting prices...

  • *D.R. Horton advances after earnings. NEW YORK, Nov 11- The Dow and S&P 500 inched lower late Tuesday afternoon after both indexes managed to touch fresh intraday records for a fifth straight session in early trading. The e-commerce giant reported more than $9 billion in sales on China's Singles' Day on Tuesday.

  • NEW YORK, Nov 11- The dollar on Tuesday climbed to highs against the yen last seen in 2007 after Japan's stock index surged on hopes Japanese Prime Minister Shinzo Abe may delay a planned sales tax increase. The last hike in April, which was part of a plan to rein in public debt, sent Japan's economy into a slump. "The delay in sales tax hike is good news for the economy and a...

  • WASHINGTON/ MEXICO CITY, Nov 11- AT&T's $1.7 billion agreement to buy Iusacell, Mexico's No. 3 cellular operator, puts it in the unfamiliar position of market underdog, owning an asset that may require billions in investment to catch up to the market's two larger players. That growth will put AT&T in direct competition with former ally Carlos Slim's America Movil,...

  • DETROIT, Nov 11- Chrysler Group will begin replacing potentially defective air bag inflators made by Takata Corp in more than 371,000 U.S. vehicles in early December, according to documents filed by the automaker with U.S. safety regulators. Chrysler, a unit of Fiat Chrysler Automobiles, said in documents filed with NHTSA that Takata "has made no determination of...

  • LIMA, Nov 11- Gold prices, which hit a four-year low of $1,131.85 last week, are expected to stabilise at $1,200 an ounce by October 2015, delegates to the London Bullion Market Association's annual conference forecast on Tuesday. Platinum prices are forecast to stand at $1,325 an ounce and palladium at $825 an ounce. Gold has dropped around five percent this year,...

  • *D.R. Horton advances after earnings. NEW YORK, Nov 11- U.S. stocks edged lower on Tuesday afternoon after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading. The e-commerce giant reported more than $9 billion in sales on China's Singles' Day on Tuesday.

  • NEW YORK, Nov 11- U.S. investors can now gain direct access to China's onshore bond market through a new exchange-traded fund that invests in a broad swath of the country's swelling fixed-income market, which has largely been closed off to foreigners. It is the first of a handful of U.S.-listed ETFs that U.S. fund managers are readying to launch that will directly...

  • *Previous commissioner scrapped proposed settlement with Google. BRUSSELS, Nov 11- Europe's new antitrust chief said on Tuesday that she would take some time to decide on the next step of a four-year-long investigation into Google after her predecessor scrapped a proposed settlement with the Internet giant. Almunia in September bowed to pressure from...

  • LONDON, Nov 11- British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation into allegations of collusion and manipulation in the foreign exchange market. However, at least one of the six banks set to be named early on Wednesday morning by Britain's Financial Conduct Authority...

  • U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year. "The buyers realize that they're never going to get this kind of low interest rate environment," said David Crowe, chief economist at the National Association of Home Builders. Wayne Wellington, a 47- year old inspector at the Broward County...

  • ANTANANARIVO, Nov 11- Madagascar needs to improve tax collection and invest in infrastructure to increase the pace of its economic recovery from the 3 percent growth expected this year, the International Monetary Fund said on Tuesday. The Indian Ocean island state, famed for its wildlife and eyed by foreign companies for its minerals, has struggled to lure back...

  • Nov 11- The United Auto Workers expect Volkswagen AG to announce soon a policy change that would allow for union representation at the company's plant in Chattanooga, Tennessee, where the union has faced challenges organizing workers. Earlier this year, the UAW lost a vote to represent about 1,500 workers at the Chattanooga plant but the union still claims it...

  • *Comment comes after Taylor Swift pulls catalog. LONDON, Nov 11- The music streaming portal Spotify made an impassioned defence of its business model on Monday, saying it fights music piracy and had paid out $2 billion to the industry and artists since its launch in 2008.. The statement in a blog post by CEO Daniel Ek came a week after U.S. singer Taylor Swift pulled...

  • Nov 11- Apple Inc was ordered to face a U.S. federal lawsuit claiming it failed to tell consumers that its messaging system would block them from receiving text messages if they switched to Android-based smartphones from iPhones. District Judge Lucy Koh in San Jose, California said Apple must face plaintiff Adrienne Moore's claim that the message blocking...

  • *D.R. Horton advances after earnings. *Veterans Day holiday may curb volume. NEW YORK, Nov 11- U.S. stocks were little changed on Tuesday after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading.

  • OPEC delegates start whispering about potential oil cut Tuesday, 11 Nov 2014 | 12:27 PM ET

    *OPEC delegate says informal output cut a possibility. LONDON/ ABU DHABI, Nov 11- A subtle shift may be taking place within OPEC as it heads into its most important meeting in years, according to delegates with the producer group, as the discussion over whether it needs to cut output to defend oil revenues quietly intensifies. OPEC's Secretary General Abudulla...

  • *Libya disruptions overshadowed by U.S. supply worries. NEW YORK, Nov 11- Oil prices continued to seek a bottom on Tuesday amid worries about growing U.S. supplies, with benchmark Brent crude hitting a four-year low and nearing a test below the psychologically important $80 a barrel mark. Brent was down $1.36 cents, or 1.7 percent, to $81 a barrel by 1703 GMT, after...