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  • *No showing that Herbalife intended to defraud. *William Ackman made $1 billion bet against Herbalife. The lawsuit is separate from the campaign against Herbalife by billionaire activist investor William Ackman of Pershing Square Capital Management LP, who in December 2012 announced a $1 billion bet against the Los Angeles- based company.

  • LONDON/ NEW YORK, Nov 25- Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus shifted back to a deep global supply glut. Brent was down 57 cents at $45.55 a barrel at 1554 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday after Turkey shot down a Russian jet.

  • *Brazil's Cemig to pay $586 mln to run 18 smaller installations. *Auction seen as important for Brazil's government accounts. China's Three Gorges will take control of the Jupiá and Ilha Solteira dams, currently being operated by Brazil's Cesp, which was willing to keep the installations but acknowledged before the auction it lacked financing for it,...

  • 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...

  • France relies more on nuclear power than any other nation. PARIS, Nov 25- Early this year, France's state energy and environment agency was set to publish a study that found the country could realistically abandon nuclear reactors and rely completely on renewable power in decades to come. Any suggestion of abandoning the atom is unthinkable for many in France,...

  • *Safe-haven bids after Russia- Turkey tensions wane. "The Turkey- Russia tension has only had a limited impact and now gold is back on its downward trend mainly due to the dollar and rate hike expectations," Commerzbank analyst Daniel Briesemann said. The Russia- Turkey tensions initially triggered a sell-off in equities and the dollar, while boosting safe-haven...

  • Nov 25- Deere& Co on Wednesday reported a drop in quarterly earnings that was not as steep as Wall Street expected and gave a less dire outlook than analysts had feared, saying it was well-positioned to weather a worsening slump in demand for its farm equipment. Shares of the maker of John Deere tractors rose more than 2 percent in morning trading.

  • A joint venture of Chicago Bridge& Iron Co of the United States and Taiwan's CTCI will be awarded the contract for a steam cracker and utilities, ORPIC said. In a separate statement, Chicago Bridge& Iron said that contract would be worth about $2.8 billion. Italy's Tecnimont will win a contract for plastics units, South Korea's GS Engineering and Construction and...

  • BRUSSELS, Nov 25- EU lawmakers on Wednesday added to the pressure on governments in the bloc to clamp down on tax avoidance, saying multi-national companies should pay taxes in the countries where they make their profits instead of shifting them to low-tax havens. The European Commission last month told the Dutch government to recover up to 30 million euros in...

  • LONDON, Nov 25- Shahriar Tadjbakhsh, the former chief operating officer of Exor, the Agnelli family's investment company, has launched an activist hedge fund in Europe called Altaone Capital, sources familiar with the matter told Reuters. Tadjbakhsh, 52, a U.S. citizen of Iranian origin who was previously a partner at Wall Street firm Goldman Sachs, has teamed up...

  • SINGAPORE, Nov 25- SCMP Group Ltd, publisher of Hong Kong's South China Morning Post, has been approached by a third party that is potentially interested in acquiring its media assets, days after reports that Alibaba's Jack Ma was in talks to buy a stake. On Monday, Bloomberg had reported that Ma, founder and executive chairman of Chinese e-commerce giant Alibaba...

  • NEW YORK, Nov 25- The dollar rose on Wednesday after strong economic data further backed the case for the Federal Reserve to raise interest rates, and after officials said the European Central Bank was discussing additional options for stimulating the economy. The data turned the dollar upwards against the yen, which rallied overnight on heightened tensions...

  • WASHINGTON, Nov 25- New U.S. single-family home sales surged in October and the inventory of properties for sale was the highest since early 2010, which could allay concerns of a significant slowdown in housing. The Commerce Department said on Wednesday sales increased 10.7 percent to a seasonally adjusted annual rate of 495,000 units. New home sales vaulted a...

  • Nov 25- A federal judge has dismissed a shareholder lawsuit against Herbalife Ltd and Chief Executive Officer Michael Johnson, claiming they misrepresented the weight-loss and nutritional products company's compliance with laws designed to prevent pyramid schemes. In a Nov. 23 decision, U.S. District Judge Dale Fischer in Los Angeles, who had dismissed two...

  • 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...