Wires

  • LONDON, Dec 6- Britain is to overhaul the running of its rail network to give service operators a role in managing the tracks their trains use to try to improve reliability, British Transport Minister Chris Grayling said on Tuesday. Grayling said in rail contracts awarded from 2018 in England he wanted the company operating the services to form a joint...

  • LONDON, Dec 6- Britain is to overhaul the running of its rail network to give service operators a role in managing the tracks their trains use to try to improve reliability, British Transport Minister Chris Grayling said on Tuesday. Grayling said in rail contracts awarded from 2018 in England he wanted the company operating the services to form a joint...

  • LONDON, Dec 6- Britain is to overhaul the running of its rail network to give service operators a role in managing the tracks their trains use to try to improve reliability, British Transport Minister Chris Grayling said on Tuesday. Grayling said in rail contracts awarded from 2018 in England he wanted the company operating the services to form a joint...

  • WASHINGTON— Congress is quickening its pace toward adjourning late this week, marching toward a final vote on legislation boosting medical research and speeding drug approvals and readying a stopgap spending bill to prevent the government from shutting down this weekend. The temporary budget bill, scheduled to be unveiled late Tuesday, would keep federal...

  • LONDON, Dec 6- Italy's government bond yields fell on Tuesday as attention switched from political uncertainty after a referendum at the weekend to expectations that the European Central Bank would step in to contain any financial markets fallout. "The referendum result could put the ECB under pressure not to taper the asset purchase programme but to extend...

  • LONDON, Dec 6- European shares edged lower in early trading on Tuesday, with commodities-related stocks coming under pressure following a drop in prices of crude oil and industrial metals. Italy's FTSE MIB was trading flat after finishing down 0.2 percent on Monday following political jitters in Italy. Energy shares also slipped, with the regional oil and gas...

  • Dec 6- Hong Kong stocks joined many other markets in rising on Tuesday, more than erasing losses incurred the previous day after Italians rejected a referendum on reforms. But Tuesday's gains were limited as investors poured less-than-expected amounts into the Hong Kong bourse on the second day of operation for the Shenzhen-Hong Kong Stock Connect.

  • BEIJING— A Chinese court says a star securities trader who was arrested following last year's stock market collapse has pleaded guilty to insider trading and manipulating share prices. The court in the eastern city of Qingdao said in a statement Tuesday that Xu Xiang and two co-defendants pleaded guilty at the start of a trial but no verdict had been issued.

  • *Russia reported 30- year high output of 11.21 million bpd. *Russia, OPEC produce almost half of global oil demand. SINGAPORE, Dec 6- Oil prices eased on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into...

  • LONDON, Dec 6- British tourism company Thomas Cook said it would pay 55.8 million pounds to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Thomas Cook said on Tuesday that the deal for it to buy minority stakes in the network came about after the Co-Op announced plans to exit the joint...

  • The figure released by the Economy Ministry on Tuesday compared with economists' forecast of a modest 0.6 percent gain. Orders from inside Germany rose 6.3 percent, as did those from countries outside the eurozone. Germany has Europe's biggest economy.

  • Human Rights Watch, which released its study in Hong Kong, called for the abolition of the system known as shuanggui, through which it alleges that confessions from Communist Party members are coerced. "President Xi has built his anti-corruption campaign on an abusive and illegal detention system," Sophie Richardson, China director of Human Rights Watch, said in...

  • On the second day of the Shenzhen- Hong Kong stock link, Shenzhen- listed shares continued to outperform, with Shenzhen benchmark index ending up 0.2 percent. Piling up the pressure, the country's insurance regulator said it has taken regulatory measures against Foresea Life, a unit of Chinese financial conglomerate Baoneng Group, and Evergrande Insurance, a...

  • SEOUL, Dec 6- South Korea plans to cull more chickens and ducks as it tries to contain an outbreak of bird flu, with a total of around 8 percent of the nation's poultry population expected to be slaughtered. Producer prices for chickens stood at 1,690 won per kilogram as of Tuesday, down 4.5 percent from the November average of 1,770 won/ kg, according to data from the...

  • Dec 5- French drugmaker Sanofi is considering a bid for Swiss biotech company Actelion, rivaling an offer made by U.S. healthcare company Johnson& Johnson, Bloomberg reported. Sanofi is working with advisers to assess its options, people familiar with the matter told Bloomberg. Sanofi has made its interest known to Actelion but has not decided if it will proceed...

  • LONDON, Dec 6- British tourism company Thomas Cook said it would pay 55.8 million pounds to take full control of a jointly owned network of 764 travel shops in Britain which it had run with partner The Co-operative Group. Thomas Cook said on Tuesday that the deal for it to buy minority stakes in the network came about after the Central England Co-Operative...

  • SINGAPORE, Dec 6- London zinc dipped on Tuesday, taking a breather following last session's 3.7 percent rally, with copper dropping 1 percent after notching its biggest one-day gain in nearly a month. Three-month zinc on the London Metal Exchange slid 0.4 percent to $2,754.50 a tonne by 0701 GMT, while the most-traded contract for the metal on the Shanghai...

  • JAKARTA, Dec 6- Indonesia's trade minister Enggartiasto Lukita said on Tuesday the target to complete the China- backed trade deal, the Regional Comprehensive Economic Partnership, was 2017.. Indonesia is hosting a round of negotiations in the capital Jakarta for RCEP, which includes Australia, India and more than a dozen other countries.

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index climbed 0.5 percent to 18,360.54 and South Korea's Kospi jumped 1.4 percent to 1,990.53. Benchmarks in Taiwan, Singapore, Thailand and Indonesia also advanced. QUOTABLE QUOTE: "The markets appear to have come to the realization that the concerns paid to the Italian referendum may be too much or too early," said...

  • *Foreign firms keen on buying govt stakes in Vietnam brewers. HANOI, Dec 6- Shares of state-controlled Sabeco, Vietnam's biggest brewer, jumped the maximum allowed 20 percent upon listing on Tuesday as investors craved exposure to the dominant player in one of Asia's most sought-after beer markets. The market value of Saigon Beer, Alcohol, Beverage Corporation...