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  • *Soybeans underpinned by bargain buying, technicals. LONDON, Dec 1- Chicago wheat futures were slightly higher on Tuesday with a cut in the forecast for Australia's crop helping the market to rebound from an earlier 3- month low. "Australia is currently experiencing the strongest El Nino weather phenomenon in 20 years, which is bringing very dry weather to...

  • TORONTO, Dec 1- Bank of Nova Scotia, Canada's third-largest bank, reported a higher quarterly profit on Tuesday, helped by asset growth and favorable foreign exchange moves. Scotiabank also named Ignacio Deschamps strategic advisor, global digital banking, to Chief Executive Officer Brian Porter. Net income for the fourth quarter ended on Oct. 31 was C $1.84...

  • HONG KONG, Dec 1- The International Monetary Fund's decision to add China's yuan to its reserves basket is a triumph for Beijing, but the fund's verdict that the currency met its "freely usable" test will have little financial impact unless Beijing recruits more users. But to serve these purposes, there needs to be a much bigger pool of yuan outside China, which...

  • TORONTO, Dec 1- A Canadian start-up backed by one of BlackBerry's founders unveiled a technology on Tuesday for tracking wireless signals that it says can be used for detecting intruders, managing crowds or finding victims of natural disasters. Cognitive Systems Corp said its Amera technology senses motion in physical space by detecting small changes in the...

  • Dec 1- Switzerland's experience of negative interest rates should give the European Central Bank pause. Switzerland in January took rates to -0.75 percent, and on the evidence, there has been only partial pass-through of lower rates, particularly to mortgage borrowers. The interest rates on government bonds in Switzerland have plunged in reaction to...

  • VIENNA, Dec 1- Saudi Oil minister Ali al-Naimi rebuffed questions about OPEC strategy and a likely decision on Friday after his arrival in Vienna on Tuesday. When asked if Saudi Arabia's strategy of defending its market share is working, Naimi responded with questions: "Which strategy? Oil ministers from the Organization of the Petroleum Exporting Countries...

  • *Didi's biggest rival in China is U.S. firm Uber. BEIJING, Dec 1- Ride-hailing company Didi Kuaidi, the Chinese front of an anti- Uber Technologies Inc alliance, said it is seeing better than expected results from its September investment in Lyft, Uber's main rival on its U.S. home turf. Didi, backed by Chinese tech behemoths Tencent Holdings Ltd and Alibaba Group...

  • JAKARTA, Dec 1- Chronic problems with a faulty rudder system and the way pilots tried to respond were major factors in the crash of an Indonesian AirAsia jet last year that killed all 162 people on board, investigators said on Tuesday. The Airbus A320 crashed into the Java Sea on Dec. 28, less than halfway into a two-hour flight from Indonesia's second-biggest city...

  • TORONTO, Dec 1- Bank of Montreal reported a higher quarterly profit on Tuesday, benefiting from growth in its U.S. personal and commercial banking unit, and it increased its quarterly dividend. The lender, Canada's fourth-largest bank, said it would lift its dividend to 84 Canadian cents per share this quarter, a 2 percent rise from the previous period.

  • Dec 1- U.S. stock index futures were higher on Tuesday, tracking Asian gains on tentative signs that a slowdown in China was stabilizing. The Department of Commerce is likely to report a slight dip in construction spending for October and automakers will report sales figures for November. *Chicago Fed President Charles Evans is scheduled to speak at an event at...

  • Daniel Malchuk said BHP would lower production costs to $1.08 per pound in its 2017 financial year, from a projected $1.21 per pound in the year ending June 2016. He said grade declines, falling investment across the sector, the lack of greenfield projects and expected demand growth in China were likely to constrain industry supply in the long term.

  • LONDON, Dec 1- The euro bounced back from a 7-1/ 2- month low on Tuesday, as doubts crept in over whether the European Central Bank will deliver enough to push the euro down further at a meeting on Thursday, and after European economic data beat forecasts. But data showing unemployment in Germany hitting a record low, and euro zone manufacturing growth at a 19- month...

  • SAO PAULO, Dec 1- Brazilian miner Vale SA said in a Tuesday presentation that the impact of the Samarco dam burst could be $443 million in 2016 and that it planned to reduce investments by around $6 billion next year.

  • Dec 1- Mondelez International Inc, the owner of the Cadbury chocolate brand, has hired bankers to explore the sale of a number of confectionery products and assets in United Kingdom, France, Spain and the Netherlands, Sky News reported. Mondelez has decided that the Terry's brand is not core to its business, according to the report. Kraft Foods split its snacks and...

  • An American Eagle gold bullion coin is shown in Munich.

    The U.S. Mint's sales of American Eagle coins surged in November, with gold nearly tripling month-over-month and silver already reaching a new record.

  • Zimbabwe, which became a pariah in the West after President Robert Mugabe's government was accused of rigging votes and human rights abuses, has increasingly turned to China for investment to help an economy desperate for new infrastructure like roads, power and water. Zimbabwe and China's Import and Export Bank is expected to loan Harare more than $1 billion...

  • *OPEC meets Friday in Vienna, expected to keep output high. LONDON, Dec 1- Crude oil prices steadied on Tuesday as the dollar eased, but with OPEC widely expected to stick to its output target this week, concern about oversupply remained in focus. The European Central Bank will announce its latest policy decision on Thursday, OPEC's decision on output is due on Friday...

  • Sumner Redstone

    A court rejected a request from the former girlfriend of Sumner Redstone for the chairman of Viacom to undergo an immediate medical evaluation.

  • *Five-year, five-year breakeven forward above 1.80 percent. LONDON, Dec 1- A closely watched measure of long-term market inflation expectations reached its highest level since July on Tuesday, as investors anticipated a comprehensive monetary policy easing package from the European Central Bank this week. "It reflects to some degree the expectation that the...

  • SAN JUAN/ NEW YORK, Dec. 1- Puerto Rico faces a moment of truth on Tuesday, as the island owes a $355 million payment- a possible default which could trigger lawsuits, further spook investors and undermine the island's efforts to climb out of $72 billion in debt. The payment on bonds issued by the U.S. commonwealth's financing arm, the Government Development Bank, are...