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  • NEW YORK, Dec 19- The dollar fell across the board on Wednesday, as investors bet the Federal Reserve would signal a slower pace of interest rate hikes next year as it grapples with financial market volatility and potential slowdowns in major economies around the world. Expectations of a pause from the Fed amid a U.S.- China trade war and global financial market...

  • NEW YORK, Dec 19- Global equity markets edged higher on Wednesday after a three-day sell-off which had investors seeking safety in bonds due to mounting pessimism over world economic growth. MSCI's index of stocks around the globe rose 0.7 percent, boosted by broad gains in Europe and the U.S., though it remains down nearly 12 percent since the start of December.

  • HEATING OIL FUTURES EXTEND GAINS AFTER EIA DATA SHOW SURPRISE DRAW IN U.S.

  • DUBAI, Dec 19- Saudi Arabia is slowing a drive to cut its huge fiscal deficit in order to revive the economy, but the state budget plan for 2019 suggests it may not have room to boost growth by much. With unemployment among Saudis at a record 12.9 percent, creating jobs is becoming increasingly important to justify reforms launched over two years ago by Crown Prince...

  • Dec 19- Private equity firm CVC Capital Partners is exploring options for Asia's largest funeral services provider Nirvana Asia Ltd, including a possible sale, and a deal could be worth more than $1.8 billion, a source familiar with the matter told Reuters. Nirvana provides burial plots, niches and tomb design and construction services in Southeast Asian...

  • PARIS, Dec 19- Drugmaker Allergan said on Wednesday it would take its textured breast implants off the market in Europe, a day after a French regulatory body ordered the move because the implants have been linked to a rare form of cancer. France's National Agency for the Safety of Medicines& Health Products said late Tuesday that the decision concerned...

  • *Fed expected to raise rates, signal fewer hikes ahead. Dec 19- U.S. stocks climbed on Wednesday, boosted by technology stocks, and financials also gained ahead of a highly awaited Federal Reserve announcement where investors will watch for signals of fewer rate hikes, which could spark a year-end rally. The Fed is expected to raise rates for the fourth time this...

  • *U.S. retailers' shares hit by gloom in Europe. NEW YORK, Dec 19- A slowdown in global consumer confidence threatens to overshadow the holiday shopping season in the United States, which despite a strong start is not immune to developments in Europe. Super Saturday, the last before Christmas and the biggest shopping day of the U.S. holiday season, is likely to bring in...

  • CHICAGO, Dec 19- Private exporters sold 1.199 million tonnes of U.S. soybeans for shipment to China, the U.S. Agriculture Department said on Wednesday, confirming deals reported by Reuters a day earlier in the second round of buying as trade tensions ease. Traders said on Tuesday that China, the world's top soybean importer, returned to the U.S. soybean market after...

  • WASHINGTON, Dec 19- Two Democratic lawmakers urged the Department of Homeland Security on Wednesday to better protect U.S. oil and gas pipelines from cyberattacks, after a report they requested detailed a lack of federal oversight of the critical conduits. A federal report released on Wednesday said Homeland Security's Transportation Security...

  • BERLIN, Dec 19- Private health insurers do not have to automatically reimburse customers even if an auditor responsible for signing off on premiums is found to be biased, Germany's Federal Court of Justice ruled on Wednesday. Private health insurance customers can challenge monthly premium levels in court, therefore an auditor's lack of independence does...

  • BUCHAREST/ BUDAPEST, Dec 19- Romania's stock market plunged 12 percent towards its worst day on record on Wednesday after the country's government announced shock plans to tax banking assets and cap gas prices. The trigger was an announcement late on Tuesday by Romania's finance minister for a "tax on greed" that will cap money market lending rates to 1.5 percent.

  • Dec 19- Private exporters sold 1.199 million tonnes of U.S. soybeans for shipment to China, the U.S. Agriculture Department said on Wednesday, confirming deals reported by Reuters a day earlier in the second round of buying as trade tensions ease.

  • More wind farms are set to be built across Spain in 2019 than in any previous year, the APPA association of renewable energy companies calculates, surpassing a pre-recession boom in 2008 and putting unprecedented pressure on the supply chain. We can really sense the urgency, " Enrique Pedrosa Gomez, Siemens Gamesa's CEO for southern Europe and Africa onshore,...

  • BENGHAZI, Libya, Dec 19- Libya's internationally recognised Prime Minister Fayez al-Sarraj flew to the southern El Sharara oilfield on Wednesday to meet protesters who have shut down the facility, a government source and a protester said. Libya mission had called last week on the protesters, some of which are armed, to leave the site located deep in the lawless...

  • GENERAL MILLS CFO SAYS EXPECTS FY CAPITAL INVESTMENTS TO BE ABOUT 3.5 PCT OF NET SALES.

  • BERLIN, Dec 19- Germany agreed new rules on Wednesday to lower the threshold for screening and even blocking purchases of stakes in German firms by non-Europeans, in a move to fend off unwanted takeovers by Chinese investors in strategic areas. "Companies like investing in Germany and it should stay that way. Germany introduced the 25 percent threshold in 2004...

  • Dec 19- Wall Street was set to open higher on Wednesday, with investors hoping the Federal Reserve will give them an early Christmas present by signaling fewer rate hikes given the turmoil in financial markets and rising fears of a recession. The Fed is expected to raise rates for the fourth time this year when its two-day policy meeting ends at 2 p.m. ET, but the...

  • BEIJING, Dec 19- A third Canadian has been detained in China but the incident does not appears to be linked to the arrest of two other citizens over the last week, a Canadian government official in Ottawa said on Wednesday. Two Canadians- former diplomat Michael Kovrig and businessman Michael Spavor- were detained last week by China amid a diplomatic row between...

  • HONG KONG, Dec 18- Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear. The typically secretive Chinese technology giant made the comments at one of its most indepth press...