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  • MANILA, Nov 10- Annual coal consumption in the Philippines, one of the world's fastest growing economies, could rise by more than two-thirds to as much as 35 million tonnes over the next two decades, the head of a local industry group said on Tuesday. That could be good news for the country's main coal supplier, Indonesia, and could also stimulate investment to...

  • TOKYO, Nov 10- Japanese government bonds edged higher on Tuesday, ending off session lows though constrained by weaker U.S. Demand at a sale of inflation-linked notes was not as bad as some investors had feared. The Ministry of Finance offered 500 billion yen of 10- year JGBs linked to Japan's consumer price index carrying a 0.1 percent coupon.

  • LONDON, Nov 10- Britain's ITV said the initial outlook for 2016 was encouraging after the broadcaster's net advertising revenue grew broadly in line with consensus in the third quarter, helped by the Rugby World Cup. ITV said advertising revenue from its family of channels was up 6 percent in the nine months to the end of September, and said the key measurement...

  • SHANGHAI, Nov 10- China stocks dipped on Tuesday after financial firms weakened and failed to drive gains in the broad market, but losses were limited on prospects of economic and financial reforms. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 percent, to 3,833.24, while the Shanghai Composite Index lost 0.1 percent, to...

  • LONDON, Nov 10- Britain's Vodafone reported a better-than-expected acceleration in revenue growth in the second quarter, helping it return to earnings growth for the first half and nudge its expectations for the year towards the top of its guidance. The world's second largest mobile operator on Tuesday posted second quarter organic service revenue growth...

  • LONDON, Nov 10- AstraZeneca's experimental lupus drug anifrolumab significantly cut disease activity in a mid-stage clinical trial, boosting hopes for a medicine the company believes could become a $1 billion- a-year seller. AstraZeneca's anifrolumab, which is given intravenously, is designed for patients with moderate to severe lupus and works in a...

  • PARIS, Nov 10- The French state is ready to reduce its stake in carmaker Renault back to 15 percent and wants the governance structure in its alliance with Japan's Nissan to remain unchanged, Economy Minister Emmanuel Macron said on Tuesday. Nissan has responded by drawing up proposals to end Renault's control by acquiring a bigger stake in the French company,...

  • *Alstom contract worth $3 bln inc. new factory. NEW DELHI, Nov 10- General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India's railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise. France's Alstom has been picked to supply 800 electric locomotives and...

  • MUMBAI, Nov 10- India's villages face a sharp spike in food prices in 2016, as a second year of drought drives up the cost of ingredients such as sugar and milk, and poor transport infrastructure stops falling global prices from reaching rural areas. India's first back-to-back drought in three decades also complicates government spending calculations as...

  • LONDON/ NEW YORK, Nov 10- Goldman Sachs, the biggest standalone U.S. investment bank, shuttered its GSessions electronic bond-trading platform in 2014. BlackRock, the world's biggest asset manager, closed its Aladdin bond trading network after less than a year in 2013. Last spring, Deutsche Boerse, owner of the Frankfurt Stock Exchange, pulled its funding for a...

  • BEIJING, Nov 10- China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country's $7 trillion card payment market, a senior central bank official said on Tuesday. Foreign card companies, including Visa Inc and MasterCard Inc, have been lobbying for more than a decade for direct access to China's fast-growing...

  • SYDNEY, Nov 10- The battle for Australian stevedoring and rail giant Asciano Ltd escalated on Tuesday after ports firm Qube Holdings Ltd made a $6.3 billion offer that narrowly beats a rival bid and is expected to draw less concern from antitrust regulators. Qube, led by Chris Corrigan who ran Asciano's port unit for 16 years, made an informal cash and scrip offer...

  • HOUSTON, Nov 10- A traffic jam of oil tankers has emerged along the U.S. More than 50 commercial vessels were anchored outside ports in the Houston area at the end of last week, of which 41 were tankers, according to the Houston Pilots, an organization that assists in the navigation of larger vessels in and around port areas. As of Nov. 6, more than 20 million barrels of...

  • TOKYO/ SYDNEY, Nov 10- The dollar edged back toward a seven-month peak against a basket of major currencies on Tuesday, bolstered by rising expectations that the U.S. The euro traded at $1.0746, down about 1 percent and moving back towards Friday's low of $1.0704. "That's what many people are citing as the reason the euro got crushed, in comparison to other currencies,"...

  • *Wheat rebounds from two-week low. Soybeans were unchanged, despite an ongoing strike in Brazil that threatens to delay exports, while corn edged higher, coming just off a near two-month low. "Whatever the USDA comes out with, we are still expecting supply to be very comfortable."

  • SHANGHAI, Nov 10- China stocks recouped early losses and turned modestly higher by midday on Tuesday, led by a rebound in financials that had underpinned last week's broad market rally. "I saw the securities in a strengthening trend of late, and the technical correction intraday was normal and temporary," said Zhang Yanbing, an analyst at Zhenshang Securities in...

  • TOKYO, Nov 10- Oil prices rose on Tuesday after the head of OPEC forecast a more balanced market next year and the U.S. energy department said domestic output is likely to fall further, though gains were limited as the overall picture of a market in glut remains. U.S. crude rose 28 cents to $44.06 a barrel by 0409 GMT, after falling about 1 percent on Monday to $44.15 for a...

  • NEW YORK, Nov 9- A Modigliani nude painting was sold to an unnamed Chinese buyer at Christie's on Monday for $170.4 million, the second-highest price ever for a work of art at auction, as deep-pocketed collectors continue to pay, and pay big, for some rare masterpieces up for sale in this year's autumn auctions season. In a packed salesroom marked by deliberate but...

  • SHANGHAI/ NEW YORK, Nov 10- Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magazine as saying he would rather lose the case than settle. Gucci, Yves Saint Laurent and other brands held by Paris- based...

  • *Oct CPI +1.3 pct y/y vs +1.6 pct in Sept. BEIJING/ SHANGHAI, Nov 10- China's October inflation data showed persisting if not intensifying deflationary pressure, spurring analysts to expect more moves to stimulate the slowing economy by year-end. The October consumer price index cooled more than expected, rising 1.3 percent from a year earlier. compared with 1.6...