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  • *Wheat falls for 7th session, near 5-1/ 2 year low. *Soybeans ease after 3 sessions of gains, corn down. Soybeans also edged lower, snapping three sessions of gains, while corn fell for a second day.

  • *Nikkei top heavy after recovering 20,000 this week- analyst. TOKYO, Dec 3- Tokyo stocks edged down in choppy trade on Thursday, but losses were limited as a softer yen offset the impact of a sharp fall on Wall Street, while investors awaited the outcome of the European Central Bank's meeting later in the day. "The ECB's decision will likely set the direction for the...

  • *Chicago Board Of Trade March wheat fell 0.3 percent to $4.66 a bushel after closing down 0.9 percent on Wednesday. *Feed mills in Malaysia, Vietnam and Indonesia were said to be delaying corn purchases on expectations of cheaper offerings out of Argentina. President-elect Mauricio Macri has promised to abolish Argentina's export taxes on corn and wheat and...

  • *Saudi Arabia will reject calls to cut oil output- Iran. Dec 3- Crude prices turned positive on Thursday after falling more than 4 percent a day earlier on an unexpected rise in U.S. stockpiles, and as traders dismissed the possibility of OPEC stemming oversupply by cutting production. "The bounce from $38.99 has been almost reversed, signaling a continuation of the...

  • U.S. crude was trading at $40.23 per barrel at 0005 GMT on Thursday, up 29 cents from its last settlement, but down nearly 14 percent since the start of November. "Reports were the majority of OPEC members support a production cut, except for the dominant supplier Saudi Arabia," ANZ said. Oil prices briefly turned positive on Wednesday after Tehran's oil ministry news...

  • *Nov Caixin services PMI slips from Oct's 52.0. *New business sub-index at 51.1 vs 52.9 in Oct. BEIJING, Dec 3- Activity in China's services sector expanded at a slower pace in November, a private survey showed on Thursday, as new orders weakened.

  • TAIPEI, Dec 3- Taiwan stocks fell on Thursday as investors continued to stay cautious ahead of the FED's rate decision later this month, paced by declines of heavyweights. Among the most actively traded, Cathay Financial, Taiwan's biggest financial holding firm, slipped 1 percent. The Taiwan dollar firmed T $0.146 to T $32.757 per U.S. dollar.

  • MELBOURNE, Dec 3- London copper slipped on Thursday, facing headwinds from ebbing demand growth in top consumer China and a steadily strengthening U.S. dollar. *Fighting stubbornly low inflation, the European Central Bank is expected to ease policy further on Thursday, delivering a cocktail of measures that could include a deposit rate cut and changes to its...

  • *Working with FDA on next steps on drug development. Dec 2- Zafgen Inc said the U.S. Food and Drug Administration was putting a late-stage study testing its experimental obesity drug on complete hold after a second patient died during the trial. A complete clinical hold is an order that the FDA issues to a sponsor to suspend all clinical work requested under the...

  • SHANGHAI, Dec 3- China will set up pilot zones to quicken the pace of financial reform, the official China Securities Journal reported, the latest effort by Beijing to support cash-starved enterprises amid a slowing economy. Plans also include a new pilot zone in each of the existing Guangdong, Tianjin and Fujian free trade zones to develop cross-strait...

  • SAN FRANCISCO, Dec 2- A lawsuit against Uber can proceed as a class action over allegations that the ride service misled customers about how it shares gratuities with drivers, a federal judge ruled on Wednesday. District Judge Edward Chen in San Francisco on Wednesday certified a class of plaintiff customers who had received an email from Uber saying a 20...

  • SINGAPORE, Dec 3- Gold languished close to a near-six-year low on Thursday after comments from Federal Reserve chair Janet Yellen boosted expectations of a U.S. rate hike this month, while the strength in the dollar also weighed on the metal. *Spot gold fell 0.2 percent to $1,050.80 an ounce by 0047 GMT. *Gold, as a non-interest-paying asset, would not benefit from...

  • TOKYO, Dec 3- The euro hovered near a 7-1/ 2- month low against the dollar as investors braced for the European Central Bank to roll out more stimulus, giving an extra boost to the U.S. currency after it scaled new heights on the prospect of a Federal Reserve rate hike. Her hawkish comments sent the euro to $1.05500, its lowest level against the greenback since...

  • TOKYO, Dec 3- Asian stocks slipped and the dollar advanced on Thursday after hawkish-sounding comments from Federal Reserve Chair Janet Yellen further reinforced the case for an interest rate hike later this month. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, taking an early lead from Wall Street. Japan's Nikkei lost 0.2...

  • WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives welcome remarks before the "Financial Stability: Policy Analysis and Data Needs" conference sponsored by the Federal Reserve Bank of Cleveland and the Treasury Department Office of Financial Research- 1340 GMT. WASHINGTON- Federal Reserve Bank of Cleveland President Loretta...

  • MEXICO CITY, Dec 2- Latin American stocks fell on Wednesday after comments from Janet Yellen boosted expectations of a U.S. interest rate hike and oil dipped below $40 a barrel, boding poorly for the region's crude producers. The Fed's next policy meeting is Dec 15-16. Colombia's stock index closed at its lowest level since April 2009 while Mexico's IPC stock...

  • WASHINGTON, Dec 2- One of the scientists who discovered powerful tools for altering genes is not convinced the case has been made for using the technology on human sperm, eggs and embryos. "As long as they are not perfect and ready, I think it's good to have this ban against editing the germline," said Charpentier of the Max Planck Institute for Infection Biology in...

  • FRANKFURT, Dec 3- Fighting stubbornly low inflation, the European Central Bank is expected to ease policy further on Thursday, delivering a cocktail of measures that could include a deposit rate cut and changes to its asset-buying program. But most of those proposals will run into some opposition on the consensus-seeking ECB Governing Council, making it more...

  • SEOUL, Dec 3- Following are details of South Korea's revised gross domestic product data for the July-September period this year, released by the Bank of Korea on Thursday: OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED. Revised* Estimated Gross domestic product 1.3 1.2 Agriculture, forestry, fishing 6.5 6.5 Manufacturing 0.1 0.1 Construction 5.6 5.3 Service...

  • NEW YORK, Dec 2- A cooperating witness in a long-running U.S. investigation into insider trading at hedge funds including SAC Capital Advisors was sentenced to 21 days in prison on Wednesday, a term his lawyer called "unfair" given his assistance to authorities. Richard Choo-Beng Lee, who co-founded Spherix Capital and once was an analyst at SAC Capital, was also...