Wires

  • SINGAPORE/ SYDNEY, Dec 5- The euro fell to a 20- month low on Monday and investors fled riskier assets 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. Renzi's failure deals a body blow to a European Union already reeling under...

  • YOKOSUKA, Japan— Nissan Motor Co. is testing out self-driving cars at one of its plants in Japan to tow vehicles on a trailer to the wharf for loading without anyone behind the steering wheel. The Japanese automaker thinks the technology will, in the long run, save costs and boost efficiency. Nissan executive Haruhiko Yoshimura said the automaker hoped to use the...

  • 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...

  • HONG KONG— Australian energy company Duet Group said Monday it's considering a multibillion dollar takeover offer from the infrastructure arm of Hong Kong tycoon Li Ka- shing's business empire. Duet said it recently received an unsolicited cash offer from Cheung Kong Infrastructure Holdings for 3 Australian dollars a share. Cheung Kong Infrastructure...

  • *Villeroy warns Britain on EU market access. TOKYO, Dec 5- Italian voters' defeat of a referendum on constitutional reforms cannot be compared to Britain's vote to leave the European Union, European Central Bank policymaker Francois Villeroy de Galhau said on Monday. Policymakers will still look closely at the consequences of Italy's decision, Villeroy, who is...

  • *Malaysian Palm Oil Board data due Dec 13, after 0430 GMT. KUALA LUMPUR, Dec 5- Malaysia's stockpile of palm oil for November is expected to have grown at its sharpest monthly pace in five months, with a slump in exports outpacing a drop in production. Palm was up 0.9 percent at 3,104 ringgit per tonne at the midday break on Monday.

  • *SSEC -1.3 pct, CSI300 -1.8 pct, HSI -0.4 pct. HONG KONG/ SHANGHAI, Dec 5- China stocks slumped on Monday morning, with the blue-chip index set for its biggest fall in six months after China's top securities regulator warned against "barbaric" share acquisitions, though small-caps were firm as the Shenzhen- Hong Kong investment link went live. Mainland blue-chips...

  • Americans should get used to a "new normal" of slow economic growth, business economists say. The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2 percent in 2017, up from a forecast 1.6 percent this year and unchanged from the previous survey in September.

  • Business economists still expect U.S. economic growth to pick up next year— but they see a slowdown in hiring. The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2 percent in 2017, up from a forecast 1.6 percent this year and unchanged from NABE's previous survey in...

  • NEW YORK, Dec 5- BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. Exploration and development of new wells in the Gulf slowed as crude prices cratered from over $100 a barrel in 2014 to a low of $26.05 early...

  • TOKYO, Dec 5- Italian voters' defeat of a referendum on constitutional reforms cannot be compared to Britain's vote to leave the European Union, European Central Bank policymaker Francois Villeroy de Galhau said on Monday. Policymakers will still look closely at the consequences of Italy's referendum, Villeroy, who is also governor of the Bank of France, said at...

  • HONG KONG, Dec 5- China's yuan firmed slightly against the dollar on Monday, buoyed by last week's purchases by state-owned banks, stricter controls on funds flowing overseas and tighter liquidity in onshore and offshore money markets. "It is very expensive to short the yuan in offshore markets now and the offshore yuan has also become stronger than onshore yuan,"...

  • BRIEF-PAKISTANI POLICE SAY HOTEL FIRE KILLS 11 IN KARACHI-. *Pakistani police say a massive fire swept through a four-star hotel in the southern port city of Karachi on Monday, killing at least 11 people- AP. *More than 50 people suffered injuries in early morning blaze, which started in the hotel kitchen in southern port city of Karachi, Pakistan- AP.

  • HONG KONG— Australian energy company Duet Group says it's considering a multibillion dollar takeover offer from the infrastructure arm of Hong Kong tycoon Li Ka- shing's business empire. Duet said Monday that it recently received an unsolicited cash offer from Cheung Kong Infrastructure Holdings for 3 Australian dollars a share. Duet operates a 1,600...

  • MORE THAN 50 PEOPLE SUFFERED INJURIES IN EARLY MORNING BLAZE, WHICH STARTED IN THE HOTEL KITCHEN IN SOUTHERN PORT CITY OF KARACHI, PAKISTAN- AP.

  • PAKISTANI POLICE SAY A MASSIVE FIRE SWEPT THROUGH A FOUR-STAR HOTEL IN THE SOUTHERN PORT CITY OF KARACHI ON MONDAY, KILLING AT LEAST 11 PEOPLE- AP.

  • BEIJING— Asian shares tumbled Monday after Italian voters' rejected constitutional changes, raising questions over whether Italy will stay in the European Union and keep using the euro. Benchmarks in Taiwan and New Zealand also declined. It raises doubts about whether Italy will stay in the European Union and keep using the euro common currency.

  • SINGAPORE/ SYDNEY, Dec 5- The euro fell to a 20- month low on Monday and investors fled riskier assets 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. Renzi's defeat deals a body blow to a European Union already reeling under...

  • 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.