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  • LONDON, Nov 25- Britain will make 12 billion pounds of savings annually from government departments' day-to-day spending by the end of the decade as it seeks to return to a budget surplus, finance minister George Osborne said on Wednesday. The Department for Transport will be among the hardest hit, according to the government's spending review document, with a...

  • BEIJING, Nov 25- China announced a number of policies on Wednesday to encourage foreign trade and help exporters as the world's second-largest economy struggles with persistent weakness in demand at home and abroad. China's exports and imports were down for the first 10 months of the year, with the picture for foreign trade "complicated and grim", according to a...

  • 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 holiday. "The market will be guided by the macro news of the day, notwithstanding the geopolitical concerns that remain elevated," said Peter Cardillo, chief market economist at First Standard...

  • JOHANNESBURG, Nov 25- South Africa's Competition Tribunal on Wednesday approved a merger between London- based spirit maker Diageo and local firm Brandhouse Beverages.

  • BUENOS AIRES, Nov 25- American Airlines has stopped accepting Argentine pesos to pay for tickets due to currency controls that make it hard to convert receipts into U.S. dollars, local media and one of the airline's sales agents said on Wednesday. It started two days ago, "said an American Airlines sales agent contacted by Reuters. American Airlines, however, will...

  • JERUSALEM, Nov 25- Natural gas from Israel's vast Leviathan offshore gas field will be pumped to Egypt via an existing subsea pipeline for up to 15 years under a preliminary deal announced by the field's developers on Wednesday. "We've worked with Dolphinus before and we expect to reach a final agreement quickly," Yossi Abu, chief executive of Israel's Delek...

  • Nov 25- U.S. stocks opened slightly higher on Wednesday as a barrage of data painted a picture of moderate U.S. economic growth, giving Federal Reserve policymakers more to chew on as they consider whether to raise interest rates next month.

  • BERLIN, Nov 25- German battery maker Sonnenbatterie has launched a scheme to connect households with solar panels and other consumers, aiming to better distribute surpluses of the renewable energy and help members to become more independent of conventional suppliers. Germany has around 25,000 batteries in operation that can store solar power- still a small...

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    Deere posted a sharp drop in earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new year.

  • *Consumer spending rises 0.1 percent in October. 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. The Commerce Department said consumer spending edged up 0.1 percent after a...

  • LISBON, Nov 25- Portugal's President Anibal Cavaco Silva has accepted the lineup of a new Socialist government in which Bank of Portugal economist Mario Centeno will serve as finance minister, and will swear it in on Thursday, his office said in a statement. A history of division within Portugal's left means many see that arrangement as potentially unstable.

  • 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 holiday. "The market will be guided by the macro news of the day, notwithstanding the geopolitical concerns that remain elevated," said Peter Cardillo, chief market economist at First Standard...

  • *Germany wants permanent quota system for sharing refugees. BRUSSELS/ IDOMENI, Greece, Nov 25- The European Union's chief executive warned on Wednesday that the survival of Europe's "partially comatose" open border travel zone and its single currency were both at risk if member nations continue erecting internal barriers to keep out refugees.

  • LONDON, Nov 24- The scale of bad loans held by banks in the European Union is "a major concern" and more than double the level in the United States, despite an improvement in recent years, the EU's banking regulator said on Tuesday. But that compares with an average of less than 3 percent in the United States and even lower in Asia, according to the European Banking...

  • *Supreme Court orders arrests for obstructing investigation. SAO PAULO/ BRASILIA, Nov 25- Brazilian police arrested the ruling party's leader in the Senate and the chief executive of Latin America's biggest investment bank on Wednesday on suspicion of obstructing an investigation into corruption at state-run oil company Petrobras. Amaral is chairman of...

  • WASHINGTON, Nov 25- The number of Americans filing for unemployment benefits fell more than expected last week, drifting back to near 42- year lows as labor market conditions continue to tighten. Initial claims for state unemployment benefits declined 12,000 to a seasonally adjusted 260,000 for the week ended Nov. 21, the Labor Department said on Wednesday.

  • 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. The Commerce Department said on Wednesday consumer spending edged up 0.1 percent after a similar increase in September.

  • Nov 25- Deere& Co posted a sharp drop in quarterly earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new fiscal year. Still, shares of the maker of John Deere tractors rose 5 percent in premarket trading as the profit exceeded Wall Street estimates. In the fourth quarter ended on Oct. 31, net income...

  • WASHINGTON, Nov 25- A gauge of U.S. business investment plans surged in October, the latest suggestion that the worst of the drag from a strong dollar and deep spending cuts by energy firms was over. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 1.3...

  • Nov 25- Pfizer Inc said its blockbuster pain drug, Lyrica, had failed to show benefit in patients suffering from a type of post-traumatic nerve pain, in a late-stage study. Currently, there is no approved treatment in the United States for post-traumatic neuropathic pain. Lyrica, which generated $1.22 billion in sales in the third quarter, is already approved to...