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  • *Venezuela, Iran push OPEC to lower production. VIENNA, Dec 2- Saudi Arabia is seen rejecting calls from fellow OPEC members to cut output when the group meets this week as the group's kingpin argues it cannot deal alone with one of the most severe oil gluts in history. But while the Saudis can claim a partial victory over the U.S. shale oil boom, production from top non-...

  • ARGENTINE PRESIDENT-ELECT MACRI TELLS REUTERS DEBT DEAL POSSIBLE WITH HOLDOUT CREDITORS IN 2016.

  • PARIS, Dec 2- Japanese carmaker Nissan has set out new proposals to end French parent Renault's control and block state interference in their alliance, sources said, aiming to defuse a row over moves by Paris to boost its influence on Renault. In a document outlining its position, Nissan is seeking limits to government voting rights in Renault as well as written...

  • LONDON, Dec 2- Even within the bombed-out landscape that is the industrial metals sector right now nickel is something of a stand-out. Last month it fell further than even that historical yardstick, hitting $8,145, the lowest price since 2003. London nickel is now down by 40 percent since the start of the year. The producers' language is a coded attack on...

  • Dec 2- U.S. hunting and fishing store chain Cabela's Inc, under pressure from investor Elliott Associates, is exploring a sale and other strategic alternatives. Privately held outdoor retailer Bass Pro Shops was looking to buy Cabela's, Reuters reported in November, citing people familiar with the matter. Guggenheim Securities LLC is Cabela's financial...

  • Dec 2- U.S. stock index futures were little changed on Wednesday as investors held off on taking big positions ahead of Federal Reserve Chair Janet Yellen's speech. *Yellen will speak before the Economic Club of Washington at 12:25 p.m. ET. *She also testifies on the economic outlook before a joint committee of Congress on Thursday.

  • TORONTO, Dec 2- Royal Bank of Canada reported an 11 percent rise in fourth-quarter profit that topped market expectations, driven by gains at its personal, commercial banking and capital markets businesses. Earnings at its personal and commercial banking segment rose 10 percent to C $1.27 billion. RBC's net income for the quarter ended Oct. 31 rose to C $2.59...

  • BEIJING, Dec 2- China will reduce emissions from major pollutants in the power sector by 60 percent by 2020, the cabinet announced on Wednesday, after world leaders met in Paris to address climate change. China will also reduce annual carbon dioxide emissions from coal-fired power generation by 180 million tonnes by 2020, the official People's Daily website...

  • *Euro below $1.06, investors wary before ECB meets. LONDON, Dec 2- The euro fell towards a 7 1/ 2- month low against the dollar on Wednesday, after a soft inflation reading from the euro zone bolstered bets that the European Central Bank would ease monetary policy aggressively this week. "The euro has enjoyed a bit of a bounce, but going into the meeting, investors are...

  • SAO PAULO, Dec 2- André Esteves was removed from control of Grupo BTG Pactual SA on Wednesday, after agreeing to a share swap with the other seven founding partners of the embattled Brazilian investment bank. In a securities filing, BTG Pactual said a group named as the top seven partners- Marcelo Kalim, Roberto Balls Sallouti, Persio Arida, Antonio Carlos Canto...

  • LONDON, Dec 2- Chicago soybean futures rose to a five-week high on Wednesday as the market extended a rebound from last month's multi-year low while wheat prices were little changed and corn eased slightly. Chicago Board of Trade January soybeans had climbed 0.2 percent to $8.91 a bushel by 1135 GMT, after rising earlier in the session to a five-week high of $8.92...

  • Dec 2- Drug developer Zafgen Inc said a second patient died in a late-stage trial of its experimental obesity drug, this time from a blockage in an artery in the lung. The company said it is discussing with the U.S. Food and Drug Administration on the next steps for beloranib, its lead drug candidate. Zafgen is developing beloranib to treat a rare genetic eating...

  • Dec 2- U.S. hunting and fishing store chain Cabela's Inc said it was exploring strategic alternatives. The company has not set a time for completion of the process and said it could not assure that the move could result in a sale. Cabela's said it is working with Guggenheim Securities LLC as its financial adviser and Sidley Austin LLP and Koley Jessen PC as legal...

  • Dec 2- Drug developer Zafgen Inc said a patient died from a blockage in an artery in the lung in a late-stage study of its experimental obesity drug.

  • *Arcelor Mittal falls after Citigroup downgrade. LONDON, Dec 2- European shares rose on Wednesday, buoyed by expectations of new stimulus measures from the European Central Bank, while broker recommendations helped healthcare stocks to outperform. "The stock markets are still running up off the back of the euro, and expectations that ECB head Mario Draghi will...

  • LONDON, Dec 2- Copper slipped on Wednesday on persistent worries over flailing demand in top metals user China, but a pledge by Chinese smelters to cut output put a firm floor under prices and amplified the risk of a short-covering rally. Ten major copper smelters in China said on Tuesday they would cut output by 350,000 tonnes next year, and also asked the...

  • ROME, Dec 2- Global oversupply and sliding prices are pushing big natural gas buyers of LNG from India to China to look at reworking long-term agreements in what was for long a producer-controlled market. Banking on a tide of new liquefied natural gas supply from the United States, Australia and Russia hitting markets through 2021, importers are seizing the...

  • CHENNAI, India, Dec 2- The heaviest rainfall in over a century caused massive flooding across the Indian state of Tamil Nadu, driving thousands from their homes, shutting auto factories and paralysing the airport in the state capital Chennai. Prime Minister Narendra Modi has blamed climate change for the rain, injecting urgency into the debate at global climate...

  • Net income for the quarter ended Oct. 31 rose to C $2.59 billion, or C $1.74 per share, from C $2.33 billion, or C $1.57 per share, last year.

  • *Headline, core inflation miss forecasts. BRUSSELS/ FRANKFURT, Dec 2- Euro zone core inflation unexpectedly slowed in November, offering yet another argument for the European Central Bank to ease policy on Thursday as price growth looks set to stay below its target for years to come. "November's weaker-than-expected euro-zone consumer prices figures give a...