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  • SHANGHAI, Dec 9- China stocks climbed on Wednesday morning, led by property and resources shares, amid signs that insurers are scrambling for stakes in real estate majors and Beijing is accelerating consolidation among metal producers. "The macro-economic figures had a small net impact on the market," said Gerry Alfonso, director at Shenwan Hongyuan Securities.

  • LAUNCESTON, Australia, Dec 9-- It's tempting to view the growth in China's crude oil imports this year as mainly a result of increased strategic stockpiling, but that overlooks the rising importance of refined product exports. However, every barrel refined in China and exported as fuel is simply a barrel that isn't bought elsewhere, as Chinese exports compete and...

  • SINGAPORE, Dec 9- Australia and Southeast Asia must re-double efforts to share intelligence and make sure Paris-style terror attacks can't be replicated in the region, Australian Justice Minister Michael Keenan said on Wednesday. Southeast Asia faces the risk of attack when they return, Malaysia has said. "The fact that the national security situation has...

  • *China cuts exports on steel billet, steel pig iron from 2016. *China keeps zero duties on some aluminium product exports. MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling and speculation it could support its industrial metals industry after it flagged export tax cuts on...

  • *Higher labour costs a threat to Japan's struggling SMEs. TOKYO, Dec 9- Japan's government hopes that raising the minimum wage will' trickle up' into a broader rise in pay and consumption, but the smaller businesses who account for most Japanese jobs are in no shape to square that virtuous circle. Since taking office in late 2012 Prime Minister Shinzo Abe has...

  • *China eases taxes on imports, including machinery. SINGAPORE, Dec 9- Oil prices rose on Wednesday as U.S. crude stocks dipped, while in Asia Japan posted stronger-than-expected machinery orders and China announced an easing of import taxes, lending the market support amid a continuing supply glut. West Texas Intermediate crude futures were at $38.30 per barrel...

  • CARACAS, Dec 8- Venezuelan President Nicolas Maduro announced an imminent cabinet reshuffle on Tuesday after his ruling Socialist Party was crushed in legislative elections, but he vowed to veto opposition plans for an amnesty law for jailed politicians. The government was stunned by Sunday's elections, winning just 55 seats against the opposition's 112...

  • The average price for cargoes arriving last month fell to $7.50 per million British thermal units, down from $7.90 per mmBtu in October and the lowest since March last year, the trade ministry said in a release. The average price for cargoes contracted during November fell to $7.40 per mmBtu, down from $7.60 in October and matching the level in September, which was...

  • *China Nov inflation edges up but produce price deflation endures. TOKYO, Dec 9- Asian stocks were down across the board on Wednesday as crumbling oil prices and data pointing to cooling demand from China sapped investor appetite for risk assets. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2 percent and edged towards its November trough, a...

  • BEIJING, Dec 9- China will keep export taxes on aluminum bars and sections at zero, the Ministry of Finance said on Wednesday as it announced a raft of import and export.

  • *Soybeans firm ahead of USDA's monthly supply-demand report. SINGAPORE, Dec 9- Chicago wheat futures edged higher on Wednesday as the market took a breather after declining for the last two sessions on favorable conditions for the U.S. and Black Sea winter crops. Soybeans rose for the first time in three sessions with traders squaring positions ahead of a widely...

  • TOKYO, Dec 9- Japan's Nikkei share average fell to its lowest in more than three weeks on Wednesday morning after U.S. stocks dropped on concerns over sliding oil prices, offsetting Japan's better-than-expected machinery orders data. "Those who had bought Nikkei futures on expectations that the index will rise on ECB's easing are looking for the right timing to...

  • BEIJING, Dec 9- China's Postal Savings Bank said 10 strategic investors, including UBS Group AG and JPMorgan, will collectively spend 45.1 billion yuan to take a 16.92 percent stake in the country's sixth-biggest lender. Other foreign investors include DBS Group, and the International Finance Corp, the World Bank's private sector development arm.

  • BEIJING, Dec 9- China's LNG provider Guanghui Energy Co Ltd said it has agreed to import LNG from the Malaysia government-owned Petronas. The Malaysian company will start to supply LNG to the Chinese company from 2017, said Guanghui on Tuesday, without disclosing the size and price of the deal. The LNG will be transported to Guanghui's terminal in Jiangsu...

  • SAN FRANCISCO/ BENGALURU, Dec 8- Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd, CNBC reported, with an announcement as soon Wednesday. Yahoo could not immediately be reached for comment. Yahoo is also considering what to do with its stake in Yahoo Japan, according to the CNBC...

  • BEIJING, Dec 9- China will cut export taxes on steel billet to 20 percent from 25 percent currently, the Ministry of Finance said in a statement on Wednesday. Export tariffs on steel alloy billet will be 15 percent, it said. The changes will come into effect on Jan. 1.

  • *China eases taxes on imports, including some commodities. SINGAPORE, Dec 9- Crude prices rose on Wednesday as Japan posted stronger than expected machinery orders and China announced an easing of some import taxes, lending the market at least temporary support in an environment of general oversupply. U.S. crude futures were at $38.08 per barrel at 0209 GMT, up 57...

  • Dec 8- Costco Wholesale Corp reported a fall in comparable-store sales for the third straight quarter as a stronger dollar reduced the value of sales from overseas markets. Costco gets almost 30 percent of revenue from outside the United States. Net income attributable to the company rose to $480 million, or $1.09 per share, from $496 million, or $1.12 per share, a...

  • MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling, but hopes grew it could support industrial metals after it flagged export tax cuts on some steel products. *China's trade performance remained weak in November, casting doubt on hopes that the world's second-largest...

  • BEIJING, Dec 9- China will cut export taxes on steel billet and pig iron from Jan. 1 2016, the finance ministry said on Wednesday, as part of a raft of measures aimed at boosting economic growth in the world's second-largest economy. It did not give details on the size of the cut. China would also cut tariffs on some energy raw materials, but the ministry did not identify...