ROME, March 9- An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday.» Read More
LONDON, Nov 15- Royal Bank of Scotland is reviewing its shipping loan business and is expected to place billions of dollars from the portfolio in the part-nationalised group's new internal "bad bank", sources familiar with the matter said.
*Congress reflects fears SPD will lose more support. LEIPZIG, Germany, Nov 15- If you want to know how rank-and-file Social Democrats regard the prospect of another' grand coalition' government under Chancellor Angela Merkel, look for the red hedgehog.
WASHINGTON, Nov 15- U.S. industrial production unexpectedly fell in October as output at power plants and mines declined, but a third straight month of gains in manufacturing suggested the economy remained on a moderate growth path. Industrial output slipped 0.1 percent last month after advancing 0.7 percent in September, the Federal Reserve said on Friday.
NORWALK, Conn., Nov 15- General Electric Co said on Friday it would spin off part of its North American retail finance business in an initial public offering next year. GE said it plans to float about 20 percent of the retail finance unit in the IPO. Shares of GE rose 0.9 percent to $27.22 in premarket trading on Friday.
NEW YORK/ WASHINGTON Nov 15- Factory activity declined in New York state earlier this month and employment in the sector failed to grow for the first time since June, signs that U.S. manufacturing may have lost a step.
*China's unveils boldest reform plan in decades. A reform document released by the Communist Party following a four-day conclave of its top brass promised land and residence registration reforms needed to boost China's urban population and allow its transition to a western-style service and consumption-driven economy.
NEW YORK, Nov 15- The Dow and the S&P 500 were set for fresh record highs on Friday, buoyed by reassuring remarks by Federal Reserve chair nominee Janet Yellen that the central bank's accommodative policies would continue.
LONDON, Nov 15- Royal Bank of Scotland is reviewing its shipping loan business and billions of dollars from the portfolio are expected to be placed in the part-nationalised group's new internal "bad bank", sources familiar with the matter said.
MILAN, Nov 15- Italy's only annual car show will take place in Milan next year, moving from Bologna after this year's event was cancelled due to a lack of exhibitors in a moribund local market. Car companies spend at least one million euros per brand on a stand at a major international car show such as the ones held in Detroit, Paris, Geneva and Frankfurt.
DUBAI, Nov 15- South Korea's Joint Chiefs of Staff were expected to endorse an "all F-35 buy" of 40 Lockheed Martin Corp F-35 fighter jets and an option for 20 more at a meeting on Nov. 22, two sources familiar with the competition said on Friday.
*Ireland to present new blueprint for economy next month. DUBLIN, Nov 15- Ireland has put itself at the mercy of the markets by shunning a backup credit line.
NEW YORK, Nov 15- The dollar rose to a two month high against the yen on Friday after Federal Reserve Chair nominee Janet Yellen boosted investor appetite for riskier assets by defending the central bank's current stimulus measures.
NEW YORK, Nov 15- U.S. stock index futures rose on Friday, buoyed by reassuring remarks by Federal Reserve chair nominee Janet Yellen, setting up the Dow and S&P 500 indexes for fresh record highs.
*Sales rise 0.6 pct in Sept vs estimate of 0.5 pct gain. OTTAWA, Nov 15- Strong auto and food sales boosted Canadian manufacturing sales in September to their highest level since June 2012, Statistics Canada said on Friday, while new orders for factory goods fell at the fastest rate in nine months.
*Copper 2014 term deals seen at China CESCO next week. LONDON, Nov 15- Copper hovered near three-month lows on Friday on persistent worries about the tapering of monetary stimulus in the United States and after data showed a slowdown in infrastructure spending in the Chinese power sector.
WASHINGTON, Nov 15- Prices for U.S. exports unexpectedly fell in October, a worrisome sign of global economic weakness, while the cost of imports into America declined due to a sharp drop in the price of oil. Export prices dropped 0.5 percent last month, the seventh decline in eight months, the Labor Department said on Friday.
Nov 15- An experimental drug to treat a rare genetic disorder that causes skeletal malformation and a host of related lung, eye ear and heart problems confers "modest" benefit, according to an initial review by the U.S. Food and Drug Administration.
NEW YORK, Nov 15- New York state's manufacturing sector unexpectedly shrank this month, but business optimism remained relatively resilient, a report from the New York Federal Reserve showed on Friday. The New York Fed's " Empire State" general business conditions index contracted to minus 2.21 from 1.52 in October.
Nov 15- Baxter International Inc agreed to develop and market Cell Therapeutics Inc's bone marrow disorder drug for payments that could total up to $362 million, sending Cell Therapeutics' shares up more than 30 percent before the bell. Baxter will pay $60 million up front, which includes an equity investment of $30 million in Cell Therapeutics.
Nov 15- Canadian oil and gas producer Niko Resources Ltd reported its tenth straight quarterly loss and said it might not be able to meet its current liabilities and exploration commitments. Niko Resources also said it would sell some non-core assets in India and Trinidad.