Wires

  • SINGAPORE, Dec 5- Chicago soybean futures rose on Monday, snapping four sessions of decline on expectations of strong demand, although near-perfect growing conditions in South America capped gains. The most-active soybean contract on the Chicago Board Of Trade rose 1 percent to $10.37-1/ 4 a bushel by 0331 GMT, having closed down 0.2 percent on Friday.

  • HONG KONG/ SHANGHAI, Dec 5- China's indexes tumbled on Monday as investors worried about the broader implications of the Italian referendum on the global markets and stern comments over the weekend by the chairman of China's markets' regulator regarding leverage buy-outs. Hong Kong stocks also felt the brunt though the impact was a bit muted.

  • SYDNEY, Dec 5- U.S. wheat rose for a second session on Monday as unfavourable weather threatens U.S. winter production. *The most active wheat futures on the Chicago Board Of Trade rose 0.7 percent to $4.07-1/ 4 a bushel after closing up 2.2 percent in the previous session. *Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging...

  • TOKYO, Dec 5- Japan's Nikkei share average fell on Monday after Italian Prime Minister Matteo Renzi's defeat in a constitutional reform referendum gave investors an opportunity to sell into a market that had rallied to 11- month highs late last week. "The yen's rebound last weekend had already put stocks on the defensive, and Italy's referendum provided...

  • WELLINGTON, Dec 5- New Zealand Deputy Prime Minister Bill English said on Monday he is considering running for the leadership the ruling National Party after the surprise resignation of Prime Minister John Key. "I'll be talking to caucus and family today and tonight," English, who is also the finance minister, told reporters in Wellington. English is considered...

  • HONG KONG— Trading began Monday on a new cross-border stock link between Hong Kong and the neighboring Chinese city of Shenzhen, widening access to China's markets for global investors. The long-awaited Shenzhen-Hong Kong Stock Connect link allows international investors to buy and sell 880 high-growth small and midcap stocks traded on the exchange in the...

  • MELBOURNE, Dec 5- Aluminium maker Alcoa Corp said on Monday it was assessing the impact of a power outage last week at its Portland smelter in Australia that forced it to halt a potline, adding that it was facing' substantial challenges'. The smelter was hit when a power interconnector between the states of Victoria and South Australia went down on Thursday,...

  • *OPEC, Russia announced 2017 oil production cut last week. SINGAPORE, Dec 5- Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Traders said price falls were triggered by...

  • MELBOURNE, Dec 5- Shanghai nickel exended gains in early Asian trade on Monday after the Philippines said it would close more mines on environmental grounds, potentially curbing supplies of nickel ore, wile copper prices fell. *Three-month copper on the London Metal Exchange dipped 0.4 percent to $5,737 a tonne by 0102 GMT, after edging down 0.5 percent in the...

  • SINGAPORE/ SYDNEY, Dec 5- The euro was under the gun on Monday, skidding to a 20- month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilise the country's shaky banking system. The single currency, which slumped to as low as $1.0505 in early Asian trade after opening at...

  • Dec 5- Gold edged up in early Asian trade on Monday as jitters over the resignation of Italian Prime Minister Matteo Renzi after losing a referendum on constitutional reform induced safe-haven buying. *The euro sank to 20- months lows in Asia on Monday after Italian Prime Minister Matteo Renzi said he would resign in the wake of a stinging defeat on...

  • NEW YORK, Dec 4- U.S. "Treasuries are likely to be up in price, down in yield, as a result of the referendum as a" safe haven "investment with the dollar already up significantly versus the Euro," said Mark Grant, Chief Strategist and Managing Director at Hilltop Securities. "Italy is a G7 country and third largest economy in euro zone and with a weak and troubled banking...

  • Dec 4- U.S. equity index futures fell on Sunday after a stinging defeat for Italian Prime Minister Matteo Renzi, who said he would resign following a referendum over his proposals for constitutional reform. "Buy bonds and sell stocks," hedge fund investor Douglas Kass, who runs Seabreeze Partners Management Inc, said after the vote. Major Wall Street indexes had...

  • The euro fell to 20- month lows against the dollar, with markets worried that instability in the euro zone's third largest economy could reignite a dormant financial crisis and deal a hammer blow to Italy's fragile banking sector. Renzi's resignation could open the door to early elections next year and to the possibility of an anti-euro party, the opposition...

  • CANNON BALL, N.D./ WASHINGTON, Dec 4- The U.S. Army Corps of Engineers said on Sunday it turned down a permit for a controversial pipeline project running through North Dakota, in a victory for Native Americans and climate activists who have protested against the project for several months. The line, owned by Texas- based Energy Transfer Partners LP, had been complete...

  • Dec 5- For other diaries, please see: Top Economic Events Polling unit diary Today in Washington Political and general news. DATE TIME COUNTRY AMOUNT AUCTION DETAILS. 5- Dec Netherlands DTC Auction.

  • LONDON, Dec 5- A slump in British manufacturing is showing signs of lifting thanks to higher new orders at home and the prospect of more demand from abroad spurred by the fall in the value of the pound after June's Brexit vote, a survey showed on Monday. "This is the most upbeat reading on the state of manufacturing we've seen for some 18 months and signals the start of...

  • NEW YORK- Federal Reserve Bank of New York President William Dudley speaks on the macroeconomic outlook and what it means for New York before the Association for a Better New York- 1330 GMT. PHOENIX- Federal Reserve Bank of St. Louis President James Bullard gives a presentation on the U.S. economy and monetary policy before the 53rd annual Economic Forecast...

  • *Social media advertising forecast to hit $50 bln in 2019. LONDON, Dec 5- The amount of money spent on advertising on social media is set to catch up with newspaper ad revenues by 2020, a leading forecaster said on Monday. Advertising agency Zenith Optimedia, owned by France's Publicis, predicts global advertising expenditure on social media will account for 20...

  • TOKYO, Dec 5- The euro tumbled in early Asian trade on Monday after Italian Prime Minister Matteo Renzi said he would resign after conceding defeat in a referendum over his plan to reform the constitution. It also came at a bad time for Italy's fragile banking system, as Monte dei Paschi di Siena, the country's third biggest but ailing lender, needs to raise 5 billion...