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  • LONDON, Dec 10- Travel giant TUI Group is likely to sell its Hotelbeds unit but is not considering a sale of its specialist holiday brands, Peter Long, joint-chief executive of the company told reporters on a call on Thursday. TUI said in May that Hotelbeds, the biggest business-to-business accommodation wholesaler, was the subject of a strategic review.

  • By Winni Zhou and Jake Spring. BEIJING, Dec 10- Vehicle sales in China are expected to grow 5-7 percent in 2016, faster than the 3 percent increase anticipated for this year, the head of the nation's automakers' association said, thanks to a tax cut for small-engine cars. "Three percent expansion is not normal as it's falling behind GDP growth," Dong Yang, secretary...

  • TOKYO, Dec 10- Toshiba Corp is asking Japanese financial institutions to help fund a nuclear project in northwest England, sources with direct knowledge of the matter said, as the conglomerate looks for ways to ease financial burdens after a $1.3 billion accounting scandal. Toshiba holds a 60 percent stake in the NuGen UK nuclear joint venture with France's...

  • BEIJING/ SINGAPORE, Dec 10- China will introduce tough controls on ship emissions at three key port areas from January to reduce sulphur dioxide which results in acid rain, causing respiratory difficulties and sometimes premature death, said the Ministry of Transport. The new rules will apply to merchant ships navigating or anchoring in the waters of Pearl...

  • JOHANNESBURG, Dec 10- Mining and trading company Glencore has increased its debt reduction target and deepened its capital spending cuts as it fights for survival in the face of low commodity prices, sending its shares up more than 9 percent in early trade. Glencore has come under pressure from investors and credit ratings agencies to cut its net debt of $30...

  • LONDON, Dec 10- European shares fell for a third straight session on Thursday, dropping to a two month low, with hotel companies among the top fallers. Premier Inn owner Whitbread fell 3.1 percent after its results, while French hotelier Accor dropped 3 percent after it announced a new $2.9 billion acquisition. Among gainers, Glencore rose 6.3 percent after the...

  • HONG KONG, Dec 10- Hong Kong shares weakened on Thursday, pulled lower by resource shares, as investors remained wary of falling commodity prices and ahead of a likely U.S. interest rate rise next week. The Hang Seng index fell 0.5 percent, to 21,704.61, while the China Enterprises Index lost 1.1 percent, to 9,450.49 points. Investors don't see a bottom now, "said Alex...

  • *Seeking refunds via proceedings set for Feb. 1. SYDNEY, Dec 10- Australia's competition regulator on Thursday said it has launched court proceedings against Woolworths Ltd, saying a request for funds from suppliers by the country's biggest supermarket chain amounted to "unconscionable conduct". The Australian Competition and Consumer Commission said...

  • RIYADH, Dec 10- Syrian opposition and rebel groups meeting in Riyadh will on Thursday discuss forming a delegation for future peace talks, one of the toughest subjects in negotiations aimed at forging a unified position among President Bashar al-Assad's enemies. Attacks by Islamic State and its supporters in the Middle East, Europe and the U.S., a surge of...

  • LONDON, Dec 10- TUI Group, the world's largest leisure tourism firm, said bookings were up on last year, as European demand for holidays continued despite increased security threats, putting it on track to grow annual earnings by over 10 percent. In November, Britain suspended flights to Egyptian resort Sharm al-Sheikh, while trips to Tunisia were canceled...

  • *PetroChina controls nearly 80 pct of China's gas grid. BEIJING/ HONG KONG, Dec 10- PetroChina is discussing selling a stake in domestic gas pipelines worth an estimated $47 billion in total, sources told Reuters, in a move seen as a prelude to Beijing's plans to break the state giant's near monopoly and boost spending on energy infrastructure.

  • *Further tightens napthha-rich crude supply in Asia. TOKYO/ SINGAPORE, Dec 10- Saudi Arabia, the world's top crude exporter, has cut the supply of January-loading Arab Extra Light crude to some buyers in Asia and replaced it with Arab Light, four industry sources familiar with the matter said on Thursday. The move comes after Saudi Arabia increased crude loadings...

  • LONDON, Dec 10- British handbag maker Mulberry showed signs its plan to win back customers was gaining momentum on Thursday as it posted a 5 percent rise in revenue in the first half of its fiscal year and an improvement in the profit margin. The company reported revenue of 67.8 million pounds, for the six months ended Sep. 30. It said its total retail sales for the 10...

  • LONDON, Dec 10- TUI Group, the world's largest leisure tourism group, reported a 15.4 percent rise in annual profit, beating the top-end of its own guidance, and said it was on track to deliver growth of at least 10 percent this year. European demand for leisure travel has remained strong, despite a series of militant attacks and related security concerns which...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.4 percent, to 3,623.08, while the Shanghai Composite Index lost 0.5 percent, to 3,455.50 points. "It looks like IPOs would still be under some sort of control, so the registration system doesn't seem as frightening as previously thought," said Shen Weizheng, fund manager at Shanghai-...

  • BEIJING, Dec 10- Vehicle sales in China are expected to grow 5-7 percent year-on-year in 2016, the head of China's auto manufacturers association told reporters in Beijing on Thursday.

  • BEIJING, Dec 10- China awarded four refineries in Shandong province quotas to import crude oil, the country's state planner said on Thursday. The four firms are Shandong Huifeng Petrochemical Group, Tianhong Chemical, Shandong Shouguang Luqing Petrochemical and Shandong Jingbo Petrochemical, according to statements on the National Development and Reform...

  • Refined products inventory on the rise in U.S. and Europe. *China posts strong November vehicle sales growth. U.S. crude futures were at $37.43 per barrel at 0631 GMT, up 27 cents from their last settlement, but still not far off this week's seven-year lows below $37 per barrel.

  • BEIJING, Dec 10- Vehicle sales in China grew at the fastest pace in two years in November, rising 20 percent from a year earlier, with sales gaining pace thanks to a government tax cut, an industry association said on Thursday. Sales of cars in that segment grew 29 percent in November year-on-year and gained 3.1 percentage points in market share, the China...

  • *China's slowdown and tepid domestic demand hurt mood. TOKYO, Dec 10- Business confidence measured by the Bank of Japan's tankan survey was expected to recede slightly in three months to December and stay subdued in the coming quarter, a Reuters poll found, reflecting China's slowdown and lackluster domestic demand. The tankan data will probably reflect that, "...