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  • *Copper nears 6- year low before trading higher. NEW YORK, Nov 11- Oil prices fell to their lowest since mid-September on Wednesday on worries about growing U.S. stockpiles, while the U.S. dollar took a breather from recent gains. Brent was down $1.26 cents, or about 2.7 percent, at $46.12 barrel, while U.S. crude's West Texas Intermediate benchmark was down $1 at $43.21...

  • BUENOS AIRES, Nov 11- Argentina's ruling party presidential candidate would quickly slash grains export taxes and gradually phase out other controls that hurt farm profits, one of his top advisers said on Wednesday, changes that would sharply break with current policy. Candidate Daniel Scioli would cut the levy to 25 percent on his first day in office, and then...

  • *China October factory growth cools more than expected. LONDON, Nov 11- Zinc and lead recovered from multi-year lows on Wednesday and copper steadied, having earlier veered towards a six-year trough after a gauge of top metals consumer China's factory health showed ongoing weakness in the world's top metals consumer. China's October factory output growth...

  • TOKYO, Nov 11- Japan's first commercial aircraft in half a century made its maiden flight on Wednesday, in a breakthrough for the country's long-held ambition to establish an aircraft industry that can compete with some of the major players in global aviation. The unit of Mitsubishi Heavy Industries, which built the World War Two-era Zero fighter, is hoping the...

  • MARIANA, Brazil, Nov 11- The Brazilian government on Wednesday said it may fine mining giants BHP Billiton Ltd and Vale SA for the "environmental catastrophe" caused by ruptured dams at an iron ore mine jointly owned by the companies in a southeastern state. The warning also came as the chief executives of Australia- based BHP, the world's largest mining company, and...

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  • LONDON, Nov 11- Portuguese government bond yields reversed early rises on Wednesday as the prospect of additional stimulus from the European Central Bank trumped concerns over political uncertainty in Lisbon. Benchmark 10- year yields in Portugal rose more than 5 basis points in early trade before reversing track to trade 3 bps lower at 2.76 percent.

  • BEIJING, Nov 12- Alibaba Group Holding Ltd's total value of goods transacted during its Singles' Day shopping festival was 91.2 billion yuan, the Chinese e-commerce giant said in Beijing on Thursday. The results are preliminary and unaudited, Alibaba said. Six years ago, Alibaba turned Nov. 11 into China's equivalent of United States shopping event Cyber Monday.

  • DUBLIN, Nov 11- Apple is opposed to a new British law it says would require it to provide authorities with access to encrypted data as it would create vulnerabilities hackers could exploit, Chief Executive Tim Cook said on Wednesday. Britain last week unveiled a draft surveillance bill that would place explicit obligations on service providers to help...

  • *Ecuador, Venezuela press for cuts in global production. NEW YORK, Nov 11- Oil prices fell more than 2 percent on Wednesday to their lowest since mid-September on worries that U.S. government data will show a seventh weekly build in crude inventories. U.S. crude stocks jumped 6.3 million barrels last week, powered by a big rise at the Cushing, Oklahoma, delivery point...

  • OSLO, Nov 11- Lithuania will start testing new power connections to Sweden and Poland this month and in December, the country's transmission grid operator Litgrid said on Wednesday. Lithuania and the other two Baltic states, Estonia and Latvia, are part of the Nordic power market, but have so far only been able to trade power with the Nordic countries via two links...

  • FRANKFURT/ LONDON, Nov 11- Deutsche Telekom's T-Mobile Netherlands division has drawn interest from private equity groups Apax and CVC, which are putting the finishing touches to their rival bids, sources familiar with the matter told Reuters. The unit, which lags competitors KPN and Vodafone in the market, could be valued at up to 3 billion euros and is being sold...

  • *ECB expected to ease policy next month, Fed to tighten. FRANKFURT, Nov 11- The world's top two central banks accept they will face periodic market jolts as they move in opposite policy directions, senior officials say, with such risks inevitable given the hugely differing fortunes of the U.S. and European economies. The European Central Bank and U.S.

  • *Retailers fall after Macy's cuts forecasts. Nov 11- Wall Street was slightly lower in choppy trading on Wednesday, as a drop in oil prices weighed on energy stocks and disappointing results from Macy's pummeled retailers. Macy's fell as much as 14.7 percent to $40.10 after the company reported a 3.6 percent drop in quarterly same-store sales and slashed its...

  • *Copper nears 6- year low before trading higher. Copper prices neared a six-year low after mixed Chinese data showed growth in the world's second-biggest economy was still in low gear, but then they turned higher. Copper- China's growth-hungry economy is its biggest consumer- hit its lowest since mid-2009 at $4,914 a tonne, but was last up at $4,936.

  • *Move could help Germany, boost slack Italy, Spain. FRANKFURT, Nov 11- The European Central Bank is examining whether to buy municipal bonds of cities such as Paris or regions like Bavaria, according to people with knowledge of a possible extension of its one-trillion-euro- plus money printing scheme. "You have big markets, such as Spain and Italy.

  • *Euro trades back above $1.07. NEW YORK, Nov 11- The dollar retreated on Wednesday from the previous day's multi-month highs against the euro and other major currencies in a lightly traded session due to the U.S. "The moves today look technical more than anything but there is some dollar weakness," said Ulrich Leuchtmann, head of FX research at Commerzbank in...

  • BRUSSELS, Nov 11- European banks will not have to pay more to protect depositors under a new EU guarantee scheme to be proposed in November, the European Commission said on Wednesday. The Commission will table proposals on Nov. 24 for an EU guarantee fund financed by banks "in a way that will not increase the burden on the banking system," Commission Vice President...

  • LONDON, Nov 11- An interest rate rise from the U.S. As if that's not enough, the European Central Bank is widely expected to move in the opposite direction only a few days earlier, unleashing another wave of stimulus to steer the world's second largest economic bloc away from deflation. Corporate bond market activity across Europe shows a similar pattern,...

  • *China October factory growth cools more than expected. LONDON, Nov 11- Zinc and lead hit multi-year lows on Wednesday while copper steadied, having veered towards six-year lows earlier after a gauge of China's factory health showed ongoing weakness in the world's top metals consumer. Global equities shrugged off the data, while copper steadied in afternoon...