Wires

  • 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...

  • Spokesman Jason Miller told The Associated Press on Monday that Trump supports construction of the pipeline. But Miller wouldn't say whether Trump would reverse the Army's decision on Sunday to decline to issue a permit for the $3.8 billion pipeline to cross under a Missouri River reservoir in southern North Dakota near the Standing Rock Sioux Reservation.

  • JAKARTA, Indonesia— Indonesia has strengthened its moratorium on converting peat swamps to plantations in a move a conservation research group says would prevent annual fires and substantially cut the country's carbon emissions if properly implemented. Indonesia's move was welcomed by Norway, which in 2010 pledged $1 billion to help the country stop...

  • TOKYO, Dec 6- Japan's Nikkei share average rebounded on Tuesday as strong U.S. economic data helped calm worries about instability in the European Union after Italian Prime Minister Matteo Renzi's resignation. The Nikkei ended 0.5 percent higher to 18,360.54. The broader Topix rose 0.7 percent to 1,477.20 and the JPX-Nikkei Index 400 gained 0.6 percent to...

  • HONG KONG, Dec 6- Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy's referendum to be overdone, with robust U.S. economic data also helping sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.7 percent, its biggest daily rise since Nov. 22, breaking two days...

  • LONDON, Dec 6- Importing fine foods from Spain has been a good trade for London firm Brindisa, but like many food and wine businesses that rely on the free movement of goods and workers within the European Union, it has been badly hit by Britain's vote to leave. Launched on a shoestring by entrepreneur Monika Linton 28 years ago, Brindisa now employs 300 people in five...

  • WILMINGTON, Del./ CHICAGO, Dec 6- A leading U.S. subsidiary of Abengoa SA heads to court on Tuesday to seek approval for a bankruptcy exit plan that opponents argue violates the law by prioritizing the Spanish parent and its international backers ahead of U.S. creditors. Abeinsa Holding Inc is one of dozens of global Abengoa subsidiaries that filed for U.S.

  • President-elect Donald Trump's plan to incentivize U.S. companies to repatriate their swelling overseas cash piles could spur a new wave of dealmaking in a pharmaceutical industry seeking to buy its way into growth. I would say yes, and what we would look at would be first to maintain the lowest weighted average cost of capital for the company, "Amgen Inc chief...

  • SAN FRANCISCO, Dec 5- Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc Chief Executive Tim Cook told Reuters. Responding to an email from Reuters, Cook said the gadget's sell-through- a measure of how many units are sold to consumers, rather than...

  • TOKYO, Dec 6- Japanese government bond prices slipped on Tuesday, with the benchmark yield climbing to a 10- month high, as a weak liquidity-enhancing auction and firmer Nikkei weighed on the market. An auction by the finance ministry on Tuesday to sell 400 billion yen of off-the-run JGBs, intended to enhance market liquidity, drew tepid demand with investors...

  • SINGAPORE, Dec 6- The euro steadied on Tuesday, having bounced from a near 21- month low set the previous day after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform, an outcome that traders had widely expected. Still, while Renzi's resignation could open the door to an early election next year and the possibility of the...

  • *Hong Kong rebound- HSI 0.8 pct. *Small-caps advance in mainland and HK after Shenzhen connect. The indexes managed to swing back into positive territory by midday amid signs that overseas investors were bargain hunting for Chinese shares using the new Shenzhen- Hong Kong stock market link launched on Monday.

  • NEW YORK— Ikea's U.S. division is offering longer parental leave to employees who are new parents, following similar overtures from tech companies like Netflix as it strives to keep good workers in an improving job market. Ikea's move, part of its drive to improve its relations with workers, follows pay increases in the past two years that brought the average...

  • ANNUAL EU DRUG SPENDING SEEN GROWING 1-4 PCT THROUGH 2021- REPORT.

  • GLOBAL PRESCRIPTION DRUG SPENDING FORECAST TO REACH NEARLY $1.5 TRILLION IN 2021- QUINTILES IMS REPORT.

  • Dec 6- Global spending on prescription medicines will reach nearly $1.5 trillion by 2021, although the annual rate of growth will decrease from recent years, according to a forecast by Quintiles IMS Holding released on Tuesday. The United States will account for up to $675 billion of the $1.5 trillion. "After two years of unexpectedly high levels of growth, we are...

  • ANNUAL GLOBAL PRESCRIPTION DRUG SPENDING GROWTH RATE OF 4-7 PCT SEEN THROUGH 2021- REPORT.

  • PRESCRIPTION DRUG SPENDING SEEN GROWING 6-9 PCT THROUGH 2021, DOWN FROM 12 PCT IN 2015- REPORT.