Wires

  • The pound briefly hit its strongest since early October against the dollar in early London trade, extending one of the currency market's best runs over the past month. Nick D'Onofrio, chief executive with London- based hedge fund North Asset Management, said that Britain's huge current account deficit argued for substantial falls in the pound.

  • FORT YATES, N.D. Dec 5- Standing Rock Sioux Chairman Dave Archambault said Monday that non- Sioux protesters can leave the North Dakota protest camp after the government ruled in their favor in a controversial pipeline project adjacent to their lands. Their presence will only cause the environment to be unsafe, "he said of the non- Sioux protesters, adding that he...

  • BRUSSELS— Greece's finance minister is trying to convince his counterparts in the 19- nation eurozone that his country has delivered on the reform promises made in return for the bailout money that saw off bankruptcy and a potential exit from the euro. At a meeting in Brussels, Euclid Tsakalotos is looking to get his peers to wrap up the second review of Greece's...

  • *Italy bond yields rise 14 bps after' No', then pull back. *DBRS says Renzi resignation negative for key Italy rating. LONDON, Dec 5- Italy's borrowing costs rose on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, although expectations that a snap election would be averted helped contain the sell-off.

  • Heloisa Montes, a spokeswoman for Deloitte Brazil, said the conduct described is "wholly incompatible with our culture" and that the individuals involved left the firm as soon as the problems were uncovered. The PCAOB charges against Deloitte Brazil are considered to represent the most serious misconduct the watchdog has ever uncovered.

  • STANDING ROCK SIOUX CHAIRMAN DAVE ARCHAMBAULT SAYS WITH PIPELINE DECISION MADE, NON- SIOUX PROTESTERS, LAW ENFORCEMENT SHOULD LEAVE NORTH DAKOTA PIPELINE PROTEST AREA- INTERVIEW.

  • STANDING ROCK CHAIRMAN ARCHAMBAULT SAYS HE WANTS TO TALK TO PRESIDENT-ELECT TRUMP TO EDUCATE INCOMING TRUMP ADMINISTRATION ON PIPELINE- INTERVIEW.

  • NEW YORK— In bid to fight art fraud, Sotheby's announced Monday that it had purchased a forensics firm whose founder once helped the auction house belatedly identify a $10 million painting as a fake. Sotheby's said that Orion Analytical, based in Williamstown, Massachusetts, will be folded into the company and its founder, the artist, conservator and forensic...

  • *Anti-establishment 5- Star Movement wants 2017 poll. ROME, Dec 5- Italian Prime Minister Matteo Renzi is set to resign on Monday after suffering a resounding defeat in a referendum over constitutional reform, leaving the euro zone's third-largest economy in political limbo. It is a dramatic loss for Italy's youngest premier, who had been feted around the world...

  • NEW YORK, Dec 5- New York Fed President William Dudley said on Monday there are benefits of having automatic fiscal rules for the U.S. Congress even though he has long resisted legislation that would impose similar policy rules on the country's central bank. Addressing the nonprofit Association for a Better New York, Dudley was asked by a member of the audience...

  • *Board to consider buying 35 pct stake in Eni's project in Egypt. MOSCOW, Dec 5- Russian oil firm Rosneft opened the books for a 600 billion rouble bond sale on Monday to raise money for foreign projects, and said it was interested in an offshore concession in Egypt. Last month, Eni agreed to sell a 10 percent stake in the concession to BP for $375 million and the...

  • CANNON BALL, N.D., Dec 5- Thousands of protesters in North Dakota celebrated the federal government's ruling against a controversial pipeline project but girded for a protracted struggle as president-elect Donald Trump's transition team said on Monday it supports the project and would review it after he takes office. The U.S. Army Corps of Engineers said on...

  • *Brent up 19 pct, WTI up 16 pct since OPEC deal on Nov. 30. NEW YORK, Dec 5- Crude rose above $55 a barrel to hit a 16- month high on Monday as rising prospects of a tightening market after last week's OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. "OPEC sentiment continues to support oil markets.

  • MILAN— The outcome of the referendum on constitutional reforms in Italy has prompted Premier Matteo Renzi to announce his resignation after 2 ½ years in office. Here is a look at the political landscape in Italy following the result. The center-left Democratic Party, or PD, has been left most battered by Renzi's resignation as prime minister following the...

  • NEW YORK, Dec 5- Nelson Peltz, the billionaire head of activist hedge fund Trian Fund Management, told CNBC on Monday that his firm began building a new position in a company about two weeks ago, but could not disclose the name of the company. President-elect Donald Trump's policies, and Trump's accusation that Mondelez has shipped jobs overseas, Peltz said that 75...

  • NEW YORK, Dec 5- If there is one takeaway from the depressing retirement-savings surveys that come in pretty much every day, it is this: The current system is not working for most Americans. The whole system needs a radical rethink- and that is where people like Ida Rademacher come in. As head of the Financial Security Program for think tank Aspen Institute, it is her...

  • NEW YORK, Dec 5- If there is one takeaway from the depressing retirement-savings surveys that come in pretty much every day, it is this: The current system is not working for most Americans. The whole system needs a radical rethink- and that is where people like Ida Rademacher come in. As head of the Financial Security Program for think tank Aspen Institute, it is her...

  • AMMAN/ DUBAI, Dec 5- A Jordanian consortium has bid for Saudi Oger's 20 percent stake in Arab Bank Group after the family of Saudi Arabia's Fawaz Alhokair dropped its own $1.1 billion offer, banking sources told Reuters on Monday. A deal with investors led by Arab Bank Group's chairman Sabih al Masri, a leading Jordanian businessmen with extensive holdings in...

  • Dec 5- A unit of Venezuela's state-run oil company PDVSA has asked a U.S. court to order two businessmen to compensate it for carrying out a "staggering" bribery scheme that cost the company $600 million in losses. A motion filed last Wednesday in federal court in Houston marked the first time PDVSA had formally intervened in the case, part of a U.S. Justice...

  • PARIS— Paris' Police authority is again cracking down on the city's rocketing air pollution with a 24- hour traffic-regulating scheme that aims to halve the day's emissions from road vehicles. Police say that on Tuesday only vehicles with an even-numbered license plate will be allowed to use the roads in Paris and its nearest suburbs. The initiative is part of...