Wires

  • *If board rejects request, Rome set to recapitalise Monte Paschi. MILAN, Dec 9- The European Central Bank's supervisory board meets again on Friday to discuss Monte dei Paschi di Siena's request for more time to raise capital, with banking sources saying its members are split over the decision. The Tuscan lender has asked the ECB to give it until January 20- from a...

  • ACCRA, Dec 9- Ghana's main opposition leader, Nana Akufo-Addo, has won the west African country's presidential election with an absolute majority over President John Mahama, two influential private radio stations said on Friday. In his first comment since the election, Mahama said on Twitter on Friday he would wait for official results, in a seemingly softer...

  • *Romania to hold election on Sunday, parties back loose budget Romanian assets flat, buck CEE bond rebound, stocks retreat. BUDAPEST/ BUCHAREST, Dec 9- Leu-denominated government bonds bucked a rebound of Central European peers on Friday as investors were cautious ahead of Romania's parliamentary elections on Sunday. Regional bonds were still recovering from...

  • *Macau to halve daily limit for UnionPay cardholders- SCMP. *Macau says to cut limit per transaction, not per day. MACAU, Dec 9- Macau, the world's biggest gambling hub, moved on Friday to clarify it had not tightened daily cash withdrawal limits for Chinese gamblers, after fears of a crackdown on illicit money outflows sent shares in casino operators tumbling.

  • LONDON, Dec 9- Emerging market equities slipped from one-month highs on Friday but were set for their best week since September, with Russian shares at record highs, but South Africa's rand fell after data showed a wider current account gap. "Russia is still looking attractive. "They have a central bank which is cautious when it comes to cutting rates and an economy...

  • SEOUL, Dec 9- South Korea's next presidential election is scheduled to be held in December 2017, but if President Park Geun-hye's impeachment in parliament on Friday is upheld by the Constitutional Court a new vote would take place in 60 days. Before the recent political crisis he had been expected to run as the conservative ruling Saenuri Party's candidate.

  • SEOUL, Dec 9- South Korea's next presidential election is scheduled to be held in December 2017, but if President Park Geun-hye's impeachment in parliament on Friday is upheld by the Constitutional Court a new vote would take place in 60 days. Before the recent political crisis he had been expected to run as the conservative ruling Saenuri Party's candidate.

  • LONDON— The Financial Times reports that British Brexit Secretary David Davis told London financial-sector bosses that he is "not really interested" in seeking a transitional deal with the European Union to soften the process of the U.K.' s exit from the bloc. The Department for Exiting the European Union says the document does not "properly reflect" Davis' views.

  • *China to push supply-side reforms to tackle structural problems. *China faces overcapacity problems, financial risks rise-Politburo. BEIJING, Dec 9- China will forge ahead with supply-side reforms next year to deal with overcapacity and structural problems, while also moving to boost demand, the Xinhua news agency reported on Friday.

  • NEW DELHI, Dec 9- Prime Minister Narendra Modi's surprise decision to scrap high-value banknotes has upset preparations for next year's budget because of the resulting disruption to growth, revenues and asset sales, two government sources said. Modi scrapped 500- rupee and 1,000- rupee banknotes on Nov. 8 in a bid to flush out cash earned through illegal...

  • MOSCOW, Dec 9- Russia plans to hold additional talks on Friday with some OPEC and non- OPEC nations to discuss unresolved issues related to a planned cut in oil output ahead of a wider meeting the following day in Vienna, a Russian government source told Reuters. Other non- OPEC countries are being urged to cut by a similar amount in total. OPEC, which produces a third of...

  • FRANKFURT, Dec 9- German semiconductor chipmaking machinery company Aixtron is considering reducing the size of the business with a partial sale, its chief executive said in an interview published on Friday, opening the door for bidders after a deal with a Chinese firm collapsed. But that would come with high development and ramp-up costs, and risks, " Martin...

  • NEW DELHI, Dec 9- Prime Minister Narendra Modi's surprise decision to scrap high-value banknotes has upset preparations for next year's budget because of the resulting disruption to growth, revenues and asset sales, two government sources said. Modi scrapped 500- rupee and 1,000- rupee banknotes on Nov. 8 in a bid to flush out cash earned through illegal...

  • *Japan's Nikkei posts highest closing level of the year. LONDON, Dec 9- World stocks were set for a weekly gain and held near 16- month highs on Friday, while the euro steadied after swings following the European Central Bank's decision to extend its stimulus programme. The MSCI World index was up 0.1 percent, on track for a gain of 2.7 percent for the week.

  • SEATTLE— Washington has become the first U.S. state to sue the agrochemical giant Monsanto over pervasive pollution from PCBs, the toxic industrial chemicals that have accumulated in plants, fish and people around the globe for decades. "It is time to hold the sole U.S. manufacturer of PCBs accountable for the significant harm they have caused to our state,"...

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • BERLIN, Dec 9- A group of business executives has urged the Group of 20 leading economies to resist the temptation to take protectionist measures and to foster international economic cooperation. Germany took over the G20 presidency last week, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation under threat following...

  • LONDON, Dec 9- Britons expect a sharp rise in inflation over the coming year following the plummet in the value of sterling after Britain's vote to leave the European Union, and more now believe a hike in interest rates is on the way, a Bank of England survey showed. Britain's inflation rate in the 12 months to October stood at 0.9 percent and the Bank has previously...