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  • Nov 25- U.S. film studio Relativity Media LLC is accusing its senior lender and two former executives of a secret plan to thwart its refinancing efforts, a factor that it said in court documents helped lead to its July bankruptcy filing. In a revised disclosure statement for its plan to exit bankruptcy, Relativity said lender Colbeck Capital Management...

  • LONDON, Nov 25- A former ICAP broker charged with conspiracy to manipulate benchmark yen interest rates told a London criminal court on Wednesday that 1,000 rate predictions he had sent out over four years had only ever reflected his honest opinion. Colin Goodman, 53, said he spent 20 percent of his time as a middleman to banks trading yen and compiled a daily...

  • BRASILIA, Nov 25- Brazil's central bank will likely keep interest rates on hold for the third straight meeting on Wednesday to avoid worsening a crippling recession even after inflation entered double digits. The bank's monetary policy committee, known as Copom, is widely expected to maintain its benchmark interest rate at 14.25 percent, its highest in nine...

  • BRUSSELS, Nov 25- Europe's central banks are struggling with divergent quandaries over how to revive inflation and sustain economic growth as the U.S. While the Fed is widely expected to pull the trigger on a slow but steady tightening from December in response to solid U.S. growth and employment figures, the European Central Bank is likely to ease monetary...

  • NEW YORK, Nov 25- General Motors Co and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge ruled on Wednesday. District Judge Jesse Furman found no showing that the automaker and King& Spalding...

  • SAO PAULO/ BRASILIA, Nov 25- The chief executive of Brazil's biggest independent investment bank and the leading senator in the governing coalition were arrested on Wednesday on suspicion of obstructing the country's most sweeping corruption investigation ever. The arrest of André Esteves, the billionaire CEO and controlling shareholder of BTG Pactual...

  • Nov 25- United Continental Holdings Inc is offering pilots a 13 percent pay increase in 2016 in a contract that would put them at or near the top of the U.S. airline industry's pay scale, Bloomberg reported, citing two people briefed on the plan. The 2016 increase would be followed by annual increases of 3 percent and 2 percent, Bloomberg said. United's contract with...

  • NEW YORK, Nov 25- Crude futures steadied on Wednesday, recovering from the lows of the day, after a smaller-than-expected supply build in the United States and drop in the number of U.S. rigs actively drilling for oil. WTI futures were down 15 cents at 42.72 a barrel by 1:39 p.m. EST, after plumbing an intraday low at $41.72. Benchmark Brent futures traded 25 cents...

  • Support from such officials in Puerto Rico's towns is crucial for effective governance. PNP gubernatorial candidates, who include Pedro Pierluisi, Puerto Rico's representative in Congress, and Ricky Rossello, the son of a revered ex-governor, have said they support trying to pay back the island's creditors, while Garcia Padilla has called the debt "unpayable"...

  • Drillers removed nine oil rigs in the week ended Nov. 25, bringing the total rig count down to 555, the least since June 2010, oil services company Baker Hughes Inc said in its closely followed report. Baker Hughes issued the report two days earlier than usual due to the U.S. U.S. crude prices gained 20 cents after Baker Hughes issued the report, briefly pushing the...

  • CAMAGUEY, Cuba, Nov 25- When Julio Manzini decided two years ago to name his small restaurant McDonald's after the famous fast-food chain, he had no idea it could cause any trouble. His counterfeit McDonald's illustrates a potential battlefront between Cuba and the United States over trademark and intellectual property rights as Cuba's economy opens up to...

  • Drillers removed nine oil rigs in the week ended Nov. 25, bringing the total rig count down to 555, the least since June 2010, oil services company Baker Hughes Inc said in its closely followed report. Baker Hughes issued the report two days earlier than usual due to the U.S. U.S. crude futures for next year were trading around $47 a barrel, up from $45 last week,...

  • *2 major CCS projects in Britain at risk. LONDON, Nov 25- Britain has scrapped plans to spend up to 1 billion pounds to help commercialize the technology for capturing carbon dioxide emissions from power plants and storing them underground, the government said on Wednesday, putting two major projects at risk of being canceled. A second, White Rose, is being worked on...

  • Nov 25- Wall Street held onto meager gains in subdued trading on Wednesday, underpinned by healthcare and consumer stocks after a flood of data suggested the U.S. economy was growing modestly. Worries about the fallout from the downing of a Russian warplane by Turkey, which weighed on stocks on Tuesday, eased as traders looked forward to Thursday's Thanksgiving...

  • NEW YORK, Nov 25- The dollar gained and the euro fell as far as a seven-month low on Wednesday following a Reuters report that the European Central Bank is weighing further easing monetary policy soon, including buying more debt and charging banks for hoarding cash. European stocks rallied and Wall Street was little changed, leaving an MSCI measure of equities...

  • WASHINGTON, Nov 25- U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. That's enough to justify a rate hike as long as next Friday's employment report is not a disaster, "said Chris Low, chief economist...

  • LONDON, Nov 25- British finance minister George Osborne's U-turn decision not to cut state support for low-income workers will provide short-term relief for many households across Britain, but is unlikely to dent his broader attempt to rein in welfare spending. Osborne had wanted to curb tax credits sooner but his plan ran into opposition even within his...

  • BUENOS AIRES, Nov 25- Argentine President-elect Mauricio Macri will name former central bank chief Alfonso Prat-Gay as his finance minister on Wednesday, a close adviser said, in a clear signal that he will move quickly to restore the bank's autonomy. Just hours before taking the job, Prat-Gay delivered a scathing attack on the current central bank president,...

  • By noon in New York, U.S. crude's West Texas Intermediate futures had traded less than 240,000 lots, about half of Monday's volume. "With this being a holiday-shortened week, I'd expect the moves to be larger-than-normal," said Tariq Zahir, who mostly trades in crude oil spreads for Tyche Capital Advisors in Long Island, New York. Benchmark Brent futures snapped a...