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  • Nov 11- Canadian Pacific on Wednesday said a broken rail caused a weekend freight train derailment in Wisconsin that resulted in an oil spill and a precautionary evacuation. No one was injured in the incident on Sunday, which caused an oil spill in Watertown, about 50 miles west of Milwaukee. It was the second freight train mishap in Wisconsin in as many days.

  • The bill passed the House by a vote of 230-213; it must still be approved by the Senate. In the Senate the bill could run into trouble for being too lenient on tax dodgers and other law breakers. Passage in the Senate may have been made easier by the approval of an amendment to the bill in the House that lets money declared in the amnesty to be used as evidence in criminal...

  • *Wall Street drops as weak crude drags down energy shares. TOKYO, Nov 12- Asian shares shrugged off early losses as crude oil prices pulled away from their overnight lows, while the Australian dollar grabbed the spotlight and surged after a much stronger-than-expected employment report. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6...

  • *Wheat firms on dollar weakness. *Corn firms, soybean prices unchanged. Wheat has advanced nearly 1.5 percent over the last two sessions, rebounding from thee prior sessions of losses on the back of an increased U.S. Department of Agriculture forecast, which propelled prices down more than 5 percent.

  • *Bank of Korea holds base rate at 1.50 pct. SEOUL, Nov 12- South Korea's central bank kept interest rates steady on Thursday for a fifth straight month, a widely expected decision given growing global uncertainty ahead of an anticipated U.S. rate hike in December. The Bank of Korea's monetary policy committee kept its base rate unchanged at 1.50 percent, a media...

  • TOKYO/ SYDNEY, Nov 12- The dollar was down against the euro and yen on Thursday as the currency consolidated after a recent rally, while the Australian dollar soared on upbeat local jobs data. The euro was at $1.0771, having been as low as $1.0674 this week- a level seen in late April. The biggest mover in Asia was the Aussie, which was last up 1.1 percent at $0.7142 after...

  • SEOUL, Nov 12- South Korea's central bank kept interest rates steady on Thursday for a fifth straight month, a widely expected move as an anticipated rate hike in the United States in December has increased uncertainties globally. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May...

  • SEOUL, Nov 12- South Korea's central bank kept interest rates steady on Thursday for a fifth straight month, a widely expected move as an anticipated rate hike in the United States in December has increased uncertainties globally. The Bank of Korea's monetary policy committee kept its base rate unchanged at 1.50 percent, a media official said without...

  • MANILA, Nov 12- Copper prices steadied on Wednesday but were still near a six-year trough amid growing evidence of a slowdown in top user China that has also kept other base metals close to multi-year lows. *More signs of China's economic slowdown led some to believe that Beijing may cut interest rates further. But INTL FCStone analyst Edward Meir said they would...

  • *Sept core machinery orders +7.5 pct m/m vs f'cast +3.3 pct. TOKYO, Nov 12- Japan's core machinery orders rose in September for the first time in four months, but companies forecast only modest gains in orders in October-December, a sign the economy's recovery from an expected recession could be slow. "Companies are taking a very cautious stance toward capital...

  • SYDNEY, Nov 12- U.S. wheat edged up on Thursday to extend two-day gains to nearly 1.5 percent, drawing support from a weaker dollar. *Chicago Board of Trade December wheat rose 0.45 percent to $4.97 a bushel, after closing up 0.82 percent on Wednesday. *The U.S. Department of Agriculture on Tuesday forecast the U.S. soybean harvest as the largest ever, while the corn crop...

  • BEIJING, Nov 12- China's fiscal expenditure jumped 36.1 percent in October from a year earlier, the biggest percentage rise since July 2012, while fiscal revenue rose 8.7 percent, Finance Ministry data showed on Thursday. The rise in spending follows a 26.9 percent hike from the previous month, demonstrating Beijing's efforts to offset a slowdown in the world's...

  • Nov 11- The founder and former chief executive officer of Alpha Natural Resources, among the largest U.S. coal companies, objected on Wednesday to Alpha's plan under bankruptcy to drop benefits for more than 4,500 miners, spouses and their dependants. Former Alpha CEO and Chairman Michael Quillen said eliminating retiree health benefits of thousands of...

  • SYDNEY, Nov 12- Australian employment surged past all expectations in October while the jobless rate fell sharply to a five-month low, a rousing report that lengthened the odds on a cut in interest rates and sent the local dollar flying. The Aussie jumped half a U.S. cent after the Australian Bureau of Statistics reported 58,600 net new jobs were created in...

  • RIO DE JANEIRO, Nov 11- Brazil's JBS SA, the world's largest beef exporter, said on Thursday that third-quarter net profit more than tripled from a year earlier thanks to gains in currency hedging and strong exports. The result came as Brazil's worst recession in a generation had a strong impact on demand for beef and poultry sales at JBS's main Brazilian units, JBS...

  • Benchmark U.S. crude futures were at $43.15 a barrel at 0033 GMT, up 22 cents on Wednesday when prices tumbled 3 percent on the back of high production, rising U.S. stocks and an economic slowdown in Asia. Iraq is also increasing pressure on U.S. shale producers. In Asia, sentiment was hit by a growing sense that the region's two biggest economies were slowing sharply...

  • *Wall Street drops as weak crude drags down energy shares. TOKYO, Nov 12- Asian shares got off to a tentative start on Thursday, after Wall Street ended a choppy session lower as a sharp drop in oil prices knocked energy stocks. Japan's Nikkei stock index was down 0.2 percent.

  • WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard speaks before the Cato Institute 33rd Annual Monetary Conference, "Rethinking Monetary Policy"- 1405 GMT. WASHINGTON- Federal Reserve Bank of Richmond President Jeffrey Lacker and Bank of Mexico Deputy Governor Manuel Sanchez participate in "Panel 1: What Monetary Policy Can and Can't Do"...

  • LONDON, Nov 12- Indian Prime Minister Narendra Modi begins a visit to Britain on Thursday that he hopes will yield trade deals worth billions of dollars and a boost to his authority after a damaging electoral failure back home. The emotional high point of the visit is likely to be a mass rally at Wembley Stadium on Friday during which Modi will address some 60,000...

  • Nov 12- This year many of us have increased our advocacy on this issue. And last month, companies responsible for a fifth of the world's oil and gas supply in the Oil and Gas Climate Initiative threw their support behind a new global agreement at the forthcoming UN talks in Paris. With the UN-led conference on climate change in Paris approaching, it's important that...